University of Louisville OKs settlement with ex-president
By BRUCE SCHREINERAugust 2, 2021 GMT
LOUISVILLE, Ky. (AP) The University of Louisville and its investment foundation on Monday agreed to an $800,000 settlement stemming from a long-running and expensive legal battle with the school’s former president, closing a turbulent chapter on campus.
As part of the deal to settle their lawsuit against ex-campus President James Ramsey and several other former U of L executives, the money will be funneled into the university’s foundation, which oversees the school’s investments. The $800,000 will be paid for the defendants through an insurance policy that covered foundation officers and directors, campus officials said.
University of Louisville OKs settlement with ex-president
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