ORU regents accept final proposal and donation from Green family
BY Staff reports
Wednesday, January 23, 2008
1/24/08 at 10:50 AM
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Read the final version of the Green family's proposal.
The Oral Roberts University board of regents voted unanimously Tuesday to accept the final proposal and donation from the Green family, ORU announced Wednesday.
A new board of trustees will become ORU's governing body in seven days, when ORU files its new bylaws and articles of incorporation with the secretary of state, according to a press release.
The deal, which includes a $62 million donation, is still largely contingent "on whether the university can settle outstanding litigation," the press release said.
Three former professors filed a lawsuit in October, claiming wrongful termination. Two of those professors, Tim and Paulita Brooker, are continuing with that lawsuit; John Swails settled his portion of the case and was rehired by ORU.
Two students and a former employee also have sued ORU and its officers.
ORU spokesman Jeremy Burton did not have any information on what is happening in the cases.
Last week, Cornell Cross, one of the students suing ORU, said he expected to work toward a settlement.
ORU officials praised the agreement between the university and the Greens, according the the press release.