Posted on 07/12/2022 5:54:15 AM PDT by MarvinStinson
If I were Gibsons owners ... Right after collecting the 37 million from Oberlin, I would close my stores and bakery and go live elsewhere. I would also give a nice bonus to my employees.
Perhaps Oberlin will declare bankruptcy to avoid paying up?
“IIRC, the endowment funds are allocated for specific uses by their donors and cannot be used for any other purpose.”
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A $1.09 billion endowment (according to Wikapedia as of 2021) is drawing considerable interest even at todays low rates. Why can’t the judgement be paid from the interest earned on the endowments without touching the original endowment? Even if the interest will not pay the judgement in one lump sum, I would assume that the Gibson family would agree to a reasonable annual payment plan until the judgement is paid in full.
Carmen Ambar, in my opinion, is just trying to buy some time (appeal) and act tough (in front of her vacant minded students and faculty) or hopefully some alum somewhere in the world can buy off a judge for her because under “normal” circumstances this judgment will become final and bank accounts, real estate and other non exempt assets will be taken forcefully, if necessary, to cover the judgment.
And, sadly, I am an expert on judgments and on both sides of the coin!
I didn’t say they should not have to move. What I said is, they should move or not move based on their business choices, not those of some woke power-that-is that is trying to force them out of business.
There is very likely a clientele that even if they are Left or Conservative, don’t really care...they want their croissants or sticky buns and are willing to pay.
The bakery should move based on those choices, not someone who wants to force them out because they don’t like their politics.
Unfortunately, completely destroying one of these institutions is the only way the rest will ever back off.
In today's atmosphere, a business also has to deal with the possibility of being called out as "racist" or otherwise cancelled due to a perceived slight based on race. My point is that having a business near Oberlin increases the chances of this type of incident compared to owning a business near, let's say, Liberty University. All I'm saying is that crime and "wokeness" are now concerns for operating a business.
——Unfortunately——
No not unfortunately. Unfortunately is not at all applicable to the situation.
It’s like a Ukranian saying we are at war with Russia and being destroyed and killed but UNFORTUNATELY we must destroy the Russian artillery aimed at us
We can agree on that.
My point is that crime does not seem to be controllable or regulated well, can escalate, and is outside the Constitution with little recourse since criminals will do what they will.
The rights of the bakery are inside the Constitution and are enforceable by law. My view is they shouldn’t be forced to move because of that.
Time to conduct predawn SWAT team raids on the president’s house, the chancellor’s house and the houses of the members of the board of directors.
Haul them out in their pajamas, slap the leg irons on them and ransack their homes.
Take them “downtown “ and toss them in jail, denying them bail and keeping them indefinitely. Make sure you slow walk any legal proceedings.
Gee, who would do anything like that?
The Oberlin appeal is based on a claimed technical error but they keep trying to litigated the fact finding trial and introduce evidence into the appeal. This is not allowable. Appeals are based on errors, not a do over.
Oberlin is the perfect combination of a stupid client with expensive but incompetent lawyers. The stay of award payment granted by the appeals court expired when the appeal court issued its ruling in favor of Gibsons. Oberlin filed their subsequent appeal to the supreme court but negligently did not request for a stay of the judgment from the Supreme Court. Gibsons pounced on this and has a request to the Supreme Court to order immediate payment of the award.
Gibsons is also appealing on a separate issue than Oberlin. Gibsons is appealing an Ohio state law limiting punitive damages based on the claim that the law is against the state constitution. If Gibsons succeeds in this appeal, the damage award would increase by about $12 million. My opinions….
I would collect the money and leave that hellhole. Good luck to the next person who tries to open a business there.
Given what has happened, you would think they would do that...after they get their settlement.
I probably would.
isn’t there a point that the plaintiffs can just take possession of the college and start auctioning it off??
The Gibsons should have a private meeting with the head of Oberlin and explain how hard it is to blow up and/or burn EXACTLY $33 million worth of school property and that cash would be much more accurate.
From what I understand, there is also a $1000/day fine until they pay.
Yes, unfortunately. It is unfortunate that it has gotten to this point. But, you are right. It is good that somebody is taking them to the cleaners
Great return and zero risk!
Like one poster said: pay up morons, or the sheriff will start padlocking the dormitories.
Wouldn’t that be fun?
Wonder if the insurance company has had second thoughts about co-signing these morons.
I understand the college has a large and very expensive art collection. They could start with that.
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