Gibson’s Bakery Wins! Ohio Supreme Court Refuses To Hear Oberlin College Appeal

Legal Insurrection ^ | August 30th 2022 | William A. Jacobson

[Varsity Flight]

📂

[max americana]

The lawyers want their money too, and I agree with them.

[KevinB]

Oberlin almost certainly had to put up substantial assets — including its real estate — as “collateral” for the bond.

In most (if not all) states, a court judgment creates a lien on all real estate owned by the judgment debtor in the state.

[j.havenfarm]

Alas you’re right. According to Oberlin their endowment is $936 million. Still nobody likes parting with a cool $40 million
https://www.oberlin.edu/investment/assets

[Jacquerie]

That 936 isn’t sitting in a checking account.

[vpintheak]

Pay up, leftist honkies!

[j.havenfarm]

Of course you’re right and maybe there’s even more of a silver lining: perhaps they’ll have to sell securities on which they’ve taken a loss already due to the progressive policies they love so much

[minnesota_bound]

The college will raise the tuition and the democrats will cancel it later on and the whole nation will pay the cost.

[Jacquerie]

I suspect most if not all of the 936 is spoken for/dedicated to paying loans.

Anyway, I can dream that the county sheriff will auction off the entirety of that evil institution.

[Rannug]

It would become a better school then.