The judge in the Gibson’s Bakery vs Oberlin College case has ruled that if Oberlin wants to appeal the judgement against it, it must first post the entire judgement amount, $36.3 million, in a bond.
According to the judge:
The need for such bond is made clear by the College’s own statements about its dire fmancial 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. [Trial Tr., June 12, 2019 at 95:13-21] There remains $190 million of existing debt on the College’s books. [Id.] The College has also testified that it has a significant operating deficit and that its deficit situation is not sustainable…. [Trial Tr., June 12, 2019 atpp. 86:1-6, 88:1-9]
The College also testified at trial that they have experienced a “significant” and “steady” decline of enrollment from 2014 to 2018. [emphasis mine]
The college has seven days to post the bond, or the appeal with be squashed.
It has been very clear since the jury’s decision that Oberlin still intends to fight, and is likely to use every means in its possession, including political action, to either get the judgement dismissed, or likely make it impossible for it to pay. The judge here is telling them that they surely have the right to fight, but not at the expense of Gibson’s Bakery.
The highlighted text could be the poster child for self-unawareness. Oberlin is very aware that its enrollment is dropping, but it is entirely clueless as to why. Maybe the college should consider its own actions as the cause?
Nah. It must be those racist, homophobic, and deplorable whites! Yeah! They are the ones to blame! They’re all ignorant white supremacists! All of them!
This is essentially what the Oberlin administration has been saying during this whole debacle, as well as several years earlier. And it is essentially why students are less willing to enroll. You go to college to learn how to be a discerning educated person, not an anti-white bigot.