Birmingham-Southern College's lawsuit against State Treasurer Young Boozer over the denial of a $30 million loan has been dismissed, raising questions about the college's future.
An Alabama judge dismissed Birmingham-Southern College's lawsuit against the state treasurer over a loan denial on Wednesday, a decision that could put the future of the 167-year-old private college in jeopardy. Birmingham-Southern College filed a lawsuit last week against state Treasurer Young Boozer, saying Boozer wrongly denied a $30 million loan from a program created by lawmakers to provide a financial lifeline to the college.
Birmingham-Southern is exploring an appeal to the Alabama Supreme Court, college President Daniel Coleman said in a statement. The college had argued it met the loan requirements set out in the law and that Boozer was acting in bad faith or under a misinterpretation of the requirements. 'Our good faith was betrayed over the several months of working with Treasurer Boozer to deliver this bridge loan to the college,' Coleman said.
The college will likely close without emergency relief from the court, lawyers wrote in the lawsuit. The private college, located a few miles from downtown Birmingham, has 731 full-time students and 284 employees. The legislation set off criteria for qualifications for the loan, including that an institution had sufficient assets to pledge as collateral.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Judge dismisses lawsuit Birmingham-Southern College filed against state treasurerA Montgomery County judge dismissed a lawsuit Birmingham-Southern College (BSC) filed against State Treasurer Young Boozer.
続きを読む »
Judge dismisses Birmingham-Southern lawsuit against Alabama state treasurer over loan denialAn Alabama judge has dismissed Birmingham-Southern College’s lawsuit against the state treasurer over a loan denial. Birmingham-Southern College filed a lawsuit last week against state Treasurer Young Boozer. The college said Boozer wrongly denied a $30 million loan from a program created by lawmakers to provide a financial lifeline to the college.
続きを読む »
Birmingham-Southern update, bus driver’s DUI, tax refund: Down in AlabamaListen to 'Down in Alabama' wherever you get your podcasts.
続きを読む »
Birmingham-Southern seeks to keep alive case seeking $30 million loan from AlabamaMontgomery County Circuit Judge James Anderson will hold a hearing in the college's lawsuit against State Treasurer Young Boozer.
続きを読む »
Montgomery County circuit judge dismisses Birmingham-Southern's lawsuit against state treasurerMontgomery, Alabama
続きを読む »
Judge says he will dismiss Birmingham-Southern’s lawsuit seeking $30 million state loanMontgomery County Circuit Judge James Anderson said the law gave State Treasurer Young Boozer the discretion over whether to award the loan.
続きを読む »