The Briefing Room

General Category => Health/Education => Topic started by: rangerrebew on July 21, 2019, 02:04:59 pm

Title: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: rangerrebew on July 21, 2019, 02:04:59 pm
 Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Jon Street
 
on Jul 19, 2019 at 12:00 PM EDT
 

    Oberlin College has been ordered to pay an additional $6.5 million in attorneys fees and court costs.

    The amount is in addition to the $25 million it must pay in damages to Gibson's Bakery.

https://www.campusreform.org/?ID=13470 (https://www.campusreform.org/?ID=13470)
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: rangerrebew on July 21, 2019, 02:06:25 pm
Hopefully this will be the book that breaks the educated camel's back. :tongue2:
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: PeteS in CA on July 25, 2019, 04:54:29 pm
Oberlin College ordered to post $36 million bond to delay Gibson’s Bakery collection of Judgment (https://legalinsurrection.com/2019/07/oberlin-college-ordered-to-post-36-million-bond-to-delay-gibsons-bakery-collection-of-judgment/)

Quote
Judge granted Oberlin College’s motion to stay execution of the judgment, but required the posting of a bond in the amount of the judgment plus three years interest as security.

It probably isn't the full judgment amount, but it does tie up some of Oberlin's $$.
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: Bill Cipher on July 25, 2019, 05:12:09 pm
If it’s anything like bail bonds, they’ll have to put up 10% in cash to get the bond. 
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: PeteS in CA on July 25, 2019, 11:48:28 pm
Quote from: Bill Cipher on July 25, 2019, 05:12:09 pm
If it’s anything like bail bonds, they’ll have to put up 10% in cash to get the bond.

I lack experience in that area (hopefully most/all of us'ns lack that experience) but was pretty sure it would be something fractional like that.
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: skeeter on July 25, 2019, 11:56:20 pm
 Has the university fired the bulldigger that set the whole thing off yet?
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: Bill Cipher on July 26, 2019, 12:05:11 am
Quote from: skeeter on July 25, 2019, 11:56:20 pm
Has the university fired the bulldigger that set the whole thing off yet?

Probably not. 
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: truth_seeker on July 26, 2019, 12:46:04 am
can endowments be revoked?
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: Bill Cipher on July 26, 2019, 12:49:39 am
Quote from: truth_seeker on July 26, 2019, 12:46:04 am
can endowments be revoked?

Sometimes.  It depends on the terms of the original gift. 
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: Fishrrman on July 26, 2019, 03:47:55 am
If those at Oberlin in charge of handling this suit were smart, they'd make an $18-20 million offer to the Gibsons, which they'd almost certainly accept, and be done with it.

But... they're NOT smart.
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: truth_seeker on July 26, 2019, 04:08:41 am
Quote from: Bill Cipher on July 26, 2019, 12:49:39 am
Sometimes.  It depends on the terms of the original gift.

Endowments probably have favorable tax aspects.

Therefore revoke the endowment, lose the tax savings.
Title: Re: Oberlin College ordered to pay MILLIONS MORE in bakery defamation suit
Post by: Bill Cipher on July 26, 2019, 10:37:18 am
Quote from: truth_seeker on July 26, 2019, 04:08:41 am
Endowments probably have favorable tax aspects.

Therefore revoke the endowment, lose the tax savings.

The tax savings would have benefited the donor.