Gibson/Oberlin Update
Understandable.
So during the appeals process, the clock continues to tick on the award, to the tune of $4,000 a day.
Yikes.
As we noted, this could very easily lead the college to an even more dire financial situation, and the Gibson’s are (also understandably) concerned about there being anything left to collect.
In such cases, one is required to post a bond to ‘insure’ against that eventuality, but Oberlin officials requested to be relieved of that burden.
Turns out, Judge Judge John Miraldi was having none of that:
Of course now comes the ‘fun’ part: actually securing said bond. As we noted yesterday, this will likely require Oberlin to put some (all?) of its endowment, and perhaps other physical assets, “on the line.”
One almost feels sorry for its erstwhile students.
Source: http://insureblog.blogspot.com/2019/07/gibsonoberlin-update.html
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