An Alabama judge has dismissed Birmingham-Southern College’s lawsuit against the state treasurer over a loan denial. Birmingham-Southern College filed a lawsuit last week against state Treasurer Young Boozer. The college said Boozer wrongly denied a $30 million loan from a program created by lawmakers to provide a financial lifeline to the college.
MONTGOMERY, Ala. — An Alabama judge has dismissed Birmingham-Southern College’s lawsuit against the state treasurer over a loan denial, a decision that could put the future of the 167-year-old private college in jeopardy.last week against state Treasurer Young Boozer, saying Boozer wrongly denied a $30 million loan from a program created by lawmakers to provide a financial lifeline to the college.
Birmingham-Southern is exploring an appeal to the Alabama Supreme Court, college President Daniel Coleman said in a statement. The college had argued it met the loan requirements set out in the law and that Boozer was acting in bad faith or under a misinterpretation of the requirements.
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