the republic logo

Proposed Mountain State University settlement gets preliminary approval from 3-judge panel

bug
Share/Save/Bookmark

BECKLEY, West Virginia — A January hearing is set on a proposed settlement of hundreds of lawsuits against Mountain State University.

Media outlets report that a three-judge mass litigation panel gave preliminary approval to the settlement Monday following a hearing in Beckley. The decision allows the former university to begin liquidating its assets.

Proceeds from the liquidation will be used to compensate former students who sued the university after it lost its accreditation in 2012. The compensation fund also would include money from Mountain State's insurance carrier and the U.S. Department of Education.

The University of Charleston took over Mountain State's campuses in Beckley and Martinsburg so students could complete their degrees. The university's lease runs through June 2015.

A hearing is set for Jan. 15 in Charleston to discuss the settlement's final terms.

Think your friends should see this? Share it with them!

Story copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to info@ap.org and it will be forwarded to the appropriate editor or reporter.


We also have more stories about:
(click the phrases to see a list)

Category:

Follow The Republic:

All content copyright ©2014 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.