Former UofL President Seeks Dismal Of Lawsuit

Posted at 6:05 AM, Jun 25, 2018
and last updated 2018-06-25 06:05:45-04

LOUISVILLE, Ky. (The Courier Journal)– The former president of the University of Louisville wants the court to dismiss the school’s lawsuit against him.

The Courier Journal reports James Ramsey filed a motion last week seeking the dismissal of the school’s claims that he mishandled millions of dollars.

In April the university and its foundation filed a lawsuit against Ramsey and several others, claiming they knowingly caused the foundation to spend endowment funds at an unsustainable rate.

It also alleges the defendants diverted some of the funds toward ventures that had little chance of repayment.