Interim U of L Exec, Fired From Last Job, Hired Permanently
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As KyCIR previously reported, David Parrott took the interim job after being fired from the University of Florida following an investigation into misuse of funds.
Education
Florida Fired Him. Now, He’s U of L’s Title IX Coordinator
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A U of L spokesperson said they knew David Parrott had been fired at his previous job for improper financial administration but he received “glowing” references.
U of L Violated Open Meetings Law With Teleconference, AG Rules
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The Courier-Journal argued that U of L’s board of trustees routinely violated state law by allowing members to participate remotely without disclosing to the public that the meeting will be conducted via teleconference.
Education
University of Louisville May Sue Its Own Foundation
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The University of Louisville is considering suing its own foundation in the wake of a damaging audit and months of talk about recouping misspent money, according to leaders at the U of L Foundation. Earl Reed III, chairman of a U of L Foundation subcommittee, said in an affidavit provided to the Kentucky Center for Investigative Reporting that the foundation’s threat of being sued by U of L “is substantial” but could be avoided if the two entities reach agreeable terms.
The foundation created the affidavit in response to an open meetings complaint from KyCIR about two executive session meetings held on Oct. 26. The complaint argued that state law requires a specific and substantial threat of a lawsuit to warrant a secret meeting. Interim U of L Foundation executive director Keith Sherman told KyCIR that the closed sessions were legal and proper because board members were discussing a substantial and specific legal threat from U of L.
The affidavit marks the first confirmation of a specific lawsuit possibility after months of vague discussion about recovering millions lost from the foundation’s endowment.
Education
U of L Foundation Passes Agreement With University — But Won’t Reveal Terms
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The University of Louisville Foundation’s board on Thursday approved an agreement with the university meant to keep the foundation free from politics and “disproportionate influence.”
Education
New Details Emerge In Erasure Of Former U of L President’s Computer
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The University of Louisville released an email Tuesday evening containing new details on the erasure of former president James Ramsey’s computer hard drive.
U Of L Could Lose Bond Rating In Wake Of Hoops Scandal
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The University of Louisville and its foundation could see their credit ratings pummeled as the basketball scandal’s fallout continues. This week, the bond rating agency Moody’s Investors Service announced the university is under review for a possible downgrade, citing “recent criminal allegations against senior athletic personnel” and concerns over the university’s finances. Moody’s already downgraded U of L a notch last year to A1, citing instability in leadership and financial concerns. Investors and lenders use the ratings to determine U of L’s credit worthiness. The agency warned in its announcement that U of L’s rating could drop several more notches after this review, which will consider the lack of permanent leadership and whether Louisville is maintaining the confidence of donors and stakeholders.
Education
A Deeper Look At U of L’s Contract With Adidas
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The $160 million sponsorship deal between the University of Louisville and Adidas could be in jeopardy if the NCAA basketball scandal forces big losses on the court.
Education
Lawmakers Reject U of L’s Request For $1.25M In Legal Funds
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The University of Louisville hit a stumbling block in its attempted turnaround Monday when a legislative committee rejected its plan to spend $1.25 million on outside lawyers.
Will U of L Sue Its Former Leaders? Four Trustees Will Decide
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A small, exclusive group of University of Louisville trustees will decide whether to sue, settle or take no action to recover money misspent at the U of L Foundation.
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