A Montgomery County judge dismissed a lawsuit Birmingham-Southern College (BSC) filed against State Treasurer Young Boozer.
Boozer says the school did not meet the requirements to be approved for that loan.Birmingham-Southern College released the following statement:
"Our good faith was betrayed over the several months of working with Treasurer Boozer to deliver this bridge loan to the College," he added."The timeline of our interactions clearly demonstrates that his behavior was arbitrary and capricious. We also believe he is misinterpreting the language of the Act pertaining collateral."
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Judge says he will dismiss Birmingham-Southern’s lawsuit seeking $30 million state loanMontgomery County Circuit Judge James Anderson said the law gave State Treasurer Young Boozer the discretion over whether to award the loan.
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Birmingham-Southern seeks to keep alive case seeking $30 million loan from AlabamaMontgomery County Circuit Judge James Anderson will hold a hearing in the college's lawsuit against State Treasurer Young Boozer.
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State Treasurer Young Boozer disputes Birmingham-Southern’s claims in dispute over denial of loanBoozer said Birmingham-Southern did not qualify for the loan and that the court has no authority to order him to award it.
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