Posted on 08/01/2019 11:40:31 AM PDT by Jacquerie
The combined compensatory and punitive damages ($25 million) and attorney’s fees and costs (over $6.5 million) awards in favor of Gibson’s Bakery and its owners left Oberlin College almost $32 million in debt.
Yesterday Oberlin College posted the bond (pdf.), a copy of which is embedded at the bottom of this post.
The bond is in the name of the college and co-defendant Meredith Raimondo, even though the college, according to court documents, has agreed to cover any amounts owed by Raimondo.
There is no indication what assets, if any, Oberlin College had to pledge to secure the bond. Normally appeal bond companies require over 100% of the amount of the bond to be secured by liquid assets, though for a large institution like Oberlin College perhaps it got a better arrangement.
Now on to post-trial motions to overturn the judgment, and then appeals.
(Excerpt) Read more at legalinsurrection.com ...
Can’t wait until this happens to Berkeley and Portland!
I just wish that this would cause them to shutter that hive of villainy and scum. :)
Hahahahahahahahahahahaha!!!! Hooooweeee!! That’s a knee slapper and a half!!
I suspect it may do the trick. Oberlin complained, to no avail, of a cash shortfall caused by declining enrollment. It appears it had to pledge assets to raise funds . . . a good sign. Heh, heh.
“Just Eat It!”, says ‘Michael Jackson’.
I hope that they go bankrupt.
This is the most delicious treat that bakery has ever created!
“F You....Pay Me!”
That’s rather odd for an institute of (higher?) learning with an endowment of $887 million...
Bond meaning those parents and students who pay to go to oberlind will be paying for the faculty and students stupidity and arrogance. Needs to catch on and be used against other universities and their racist stupidity
Fun facts...
“Beat It” featured Eddie Van Halen on guitar
Weird Al’s “Eat It” featured a kid from Ohio (just 30 minutes north of me) on guitar - Rick Derringer (and former leader of the McCoys when he was Rick Zehringer)
My daughter gets mailings from Oberlin ever since her test scores posted. We are as a family in agreement that Oberlin is wasting money on postage.
Hahahahahahahahahahahaha!!!! Hooooweeee!! That’s a knee slapper and a half!!
Pessimistic “thinking” like yours is more than old. I bet you never thought Trump would win. Or that we’d get tax cuts. Or tariffs.
We’re winning. If you don’t want to come along, get off here. Sheesh.
Any relation to Justin Raimondo?
Both high quality, top drawer Rock & Roll guitarists!
I recall Rick from ‘Rock & Roll-Hoochie Koo!”
I always thought his Derringer name was inspired by the pistol of the same name.
In predictive liberal fashion the oberlan administrators of hate will give themselves raises, lavish banquets and then go on holiday to repair their self esteem. Because they’re the victims don’t you know/s
Didn’t know Rick played on Weird Al’s song! Always loved him, esp. with Edgar Winter
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