Lawsuit


My Unreleased Stevens’ Legal Woes Piece

I wrote this piece the night it was announced that Stevens was being sued by the state’s Attorney General regarding financial improprieties. I don’t really know why I did not publish it that night but I was doing some house-cleaning in my writing folder and stumbled upon it. Keep in mind that this document has not changed since then so clearly more stuff has come out since I wrote it but I just wanted this out there.

Stevens Legal Woes

As a fifth year senior from the Stevens Institute of Technology, last night’s news of the legal proceedings of the misappropriation of endowment funds and excessive compensation were eye opening but should not have been very surprising to anyone within the Stevens’ community.

Stevens Institute of Technology has gone out of its way to try to ensure academic integrity on its campus with seminars and instructional exhibits on the consequences of academic dishonesty. In virtually every single classroom, there hangs up a sign stating the Stevens Honor Code with the quote, “The measure of a man’s real character is what he would do if he knew he would never be found out.” One would think that an institution that has invested significant resources towards its Honor System would at the least be willing to open up its books in the face of these widespread allegations of improprieties.

I have a feeling Stevens doesn’t want this to be a prolonged, dragged out process as they have already highlighted in their briefing earlier for a private, confidential arbitration — which would be a huge win for the Institution but makes you wonder what they have to hide? It could just be a case of hiding bad PR for a private school that has developed international reaches over the past decade and the longer this is out in the media, the more it hurts their standing.

Anyways, here is an email that was just sent out the entire Stevens’ community regarding the legal action that was filed by the Stevens Institute of Technology Board of Trustees. Stevens definitely tries to make a very legitimate case that the Attorney General has overstepped her boundaries but is that enough justification to try and cover up their financial misappropriation of endowment funds and excessive compensation to people like President Hal Raveche.

I love how the following line appears in the first few pages describing Stevens. “It has forged relationships with foreign educational institutes which span the world, and it has become recognized as a significant partner to the United States government in the war on terrorism.” There is nothing more despicable than trying to imply a little fear of terrorism in lawsuits to try to win a case.

I really wonder how much this is political gamesmanship but you have to think this was a long time coming with the financial problems Stevens Institute of Technology has had in the past. It is a little ironic this was announced on the day that Stevens held a humanities forum on the corruption of Jersey politicians and politics.

Plenty of angry sentiments amongst the students from what I have gathered so far but I cannot say it is all one sided. Some people definitely do not like the timing of this announcement with an election coming up in about a month or so but we will see what kind of impact this really ends up having when all is said and done.

I would not expect this to be a speedy process but this certainly livens up senior year as if Hoboken did not already have enough going on.

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Stevens Makes Senior Year Interesting 3

[Edit] – Here are the lawsuit filing papers by Stevens and the Administration. [download id=”5″]. I love how the following line appears in the first few pages describing Stevens. “It has forged relationships with foreign educational institutes which span the world, and it has become recognized as a significant partner to the United States government in the war on terrorism.” Nothing like implying a little fear of terrorism in lawsuits to try win a case. [/Edit]

It has forged relationships with
foreign educational institutes which span the world, and it has
become recognized as a significant partner to the United States
government in the war on terrorism.

I really wonder how much this is political gamesmanship but you have to think this was a long time coming but the financial problems Stevens Institute of Technology has had in the past. It’s a little ironic this gets announced on the day that Stevens held a humanities forum on the corruption of Jersey politicians and politics.

Plenty of angry sentiments amongst the students from what I have gathered so far but I can’t say it’s all one sided. Some people definitely don’t like the timing of this announcement with an election coming up in about a month or so but we’ll see what kind of impact this really ends up having when all is said and done.

I wouldn’t expect this to be a speedy process but this certainly livens up Senior year as if Hoboken didn’t already have enough going on. Credit to Professor Wharton for linking the article – I’ve attached the entire piece but only partially available on the main page. Click the headline to read the entire article.

Stevens Institute of Technology makes pre-emptive move as attorney general prepares to sue the school

Attorney General Anne Milgram plans to file a lawsuit Thursday against Stevens Institute of Technology, charging the school with fiscal impropriety and seeking to remove its top two leaders, a spokesman for her office said tonight.

Spokesman David Wald said the state’s two-year investigation also discovered misappropriation of endowment funds and excessive compensation.

Seeking to pre-empt any damage to the Hoboken school’s reputation, Stevens filed its own lawsuit against Milgram today, according to court papers. The school’s suit asks for any case to be pursued through confidential arbitration.

The lawsuit also accuses the attorney general of overstepping her authority by threatening legal action against the private school if it did not alter its business practices.

Milgram met with Stevens’ board of trustees on Sept. 2 to outline her case. According to the school’s lawsuit, she said she was planning “devastating” legal action that would raise “accreditation and other issues,” as well as seek leadership changes and independent oversight.

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