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Court: Oberlin College Must Post $36 Million Bond After Refusing to Pay Judgment 

By: Beldin in POPE 5 | Recommend this post (3)
Mon, 29 Jul 19 10:19 PM | 51 view(s)
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GOOD!!! 

http://www.breitbart.com/education/2019/07/29/court-oberlin-college-must-post-36-million-bond-after-refusing-to-pay-judgement/

... Gibson's Bakery sued Oberlin College for their role in a smear campaign against the bakery over a shoplifting incident during which three black Oberlin students assaulted the store's shopkeeper. The students, who pled guilty to the assault, have acknowledged that race played no role in the altercation.

A jury awarded Gibson's Bakery $44 million in total damages earlier this year. Now, Oberlin College is refusing to pay. Breitbart News reported in June that Oberlin College was confident that the multi-million dollar jury verdict was "not the final outcome" on the matter, heavily implying that the college will appeal the decision.

Court documents from the trial revealed that Oberlin College is facing financial difficulties. During the trial, attorneys for Oberlin argued that the college has seen a significant drop in enrollment over the past five years. In a report that was presented at trial, Oberlin College officials noted that many private colleges might close due to low enrollment.

To make matters worse for Oberlin, they are currently $190 million in debt. This amount is before the $25 million damages judgment and $6.5 million in attorney's fees that they must pay as a result of the Gibson's Bakery trial.

The need for such bond is made clear by the College's own statements about its dire financial straits. If the College is to be believed, there is serious concern about its ability to pay this sizeable judgment three years from now. At trial, and in its recent filing, the College represented that there was only $59.1 million of unrestricted endowment funds available to pay any dollar judgment and that $10 million of those funds had already been committed to pay down the College's existing debt. There remains $190 million of existing debt on the College's books. The College has also testified that it has a significant operating deficit and that its deficit situation is not sustainable ...

Awwwwwww, boo-effing-hoo! You libtard assholes tried your very best to fraudulently destroy the Gibson family business. Now, that a jury of your peers has seen right through your despicable actions and rendered judgment against you ... if the consequences of your contemptible guilt result in the demise of Oberlin College ... THAT is what is known as "Poetic Justice," you filthy whores. 




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