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"What’s the big deal? I always require 200 M&Ms with the blue ones picked out and 7 bottles of Evian with the caps loosened. Seems like pretty much the same thing."
— PLW
Professor Who Flew to Deliver Guest Lecture Bills Stanford for Carbon Offset of Travel
McCain and Obama Will Debate on 3 University Campuses
The yet-to-be-named vice-presidential candidates also will debate on a college campus this fall.
New Universities in India to Offer More Academic Freedom and Less Red Tape
Among other radical changes, the institutions will limit their enrollments, teach a wide variety of subjects, and seek private-sector support.
Disabled Students Remain Eligible for Federally Subsidized Housing
Regulations issued today aim to ensure that a former attempt to prevent abuses of federal housing subsidies does not deny them to disabled students.
Leaked Contract Helps Sallie Mae and USA Funds in Court
A federal judge, peeved by the leak, threw out a lawsuit accusing the two companies and a collections business of defrauding taxpayers and student-loan borrowers.
Professor Who Flew to Deliver Guest Lecture Bills Stanford for Carbon Offset of Travel
A computer-science professor argues that colleges should routinely pay for the environmental impact of travel costs.
New Mexico State U. Threatens to Revoke Fired Professors' Degrees | 69
Drinking-Age Campaign Binges on Big Names, Big Media | 62
All U. of Iowa Professors Told to Undergo Training to Avoid Sexual Harassment | 50
Withhold 'Judgement' on Students When a Word is 'Misspelt' | 50
U. of San Diego Backtracks on Appointing Feminist Catholic Theologian | 49
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May 24, 2006
Judge Backs $6.6-Billion Settlements With University and Other Enron Investors
A federal judge has approved three settlements with banks to pay a combined $6.6-billion to former investors in the Enron Corporation. A civil lawsuit, in which the University of California is the lead plaintiff, alleges that the banks aided Enron in fraudulent financial schemes before the energy giant collapsed in bankruptcy in late 2001.
The judge’s ruling, issued today, is another step in the university’s pursuit of what is the biggest shareholder recovery in history (The Chronicle, May 10, 2002, July 16, 2004, November 1, 2004, January 10, 2005, June 13, 2005, June 15, 2005, and August 3, 2005). With more than $7.3-billion in settlements recovered thus far, a lawyer representing the university told the Houston Chronicle that the pot is earning $550,000 in interest per day. Several other banks have not settled in the civil suit, which is scheduled to go to trial in October.
Posted on Wednesday May 24, 2006 | Permalink |
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