1. Suit Against Dowling College Trustees, Former Officials Seeks $50M in Damages

    Suit Against Dowling College Trustees, Former Officials Seeks $50M in Damages

    Nearly three years after Dowling College filed for bankruptcy, a trustee for the institution’s creditors has filed suit against the school’s trustees and two former officials, alleging years of “waste, mismanagement and breach of fiduciary duty.”...

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    1. This board will fight the litigation right to the very end and we have nothing to be ashamed of.
    2. It is abundantly clear from Dowling's board minutes and other documents that Dowling's management did not have any coherent plan to manage its failing enrollment [and resultant financial decline], to bolster its failed fundraising or to pay its enormous bond debt of $57 million.
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