University of Louisville

papa john

LouisvilleKY’s John Schnatter out at Papa John’s and UofL’s Board of Trustees

By Jackie Hollenkamp Bentley Louisville, KY., – The founder of Louisville-based Papa John’s pizza, is facing quick backlash following his admittance to using a racial slur last week. According multiple news outlets, John Schnatter used the N-word during a conference call in May with an outside marketing business. On Tuesday, Schnatter resigned his position as a member of the University of Louisville Board of Trustees. Trustees chairman J. David Grissom released the following statement: “After speaking with John, I’m confident that his comments, while inappropriate, do not reflect his personal beliefs or values. No member of the board of trustees condones…

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UofL

UofL, Foundation file suit against Ramsey, former administrators

Story from www.uofl.edu   Louisville, KY., – The University of Louisville and the University of Louisville Foundation filed suit today against former President James Ramsey and other former Foundation officials alleging breach of fiduciary duty, fraudulent appropriations and improper diversion of funds for personal gain. The suit filed in Jefferson Circuit Court claims that during the period from 2008 to 2016, Ramsey and others conspired to divert millions of dollars from the Foundation’s endowment into speculative and unauthorized ventures, putting the Foundation at risk. The suit further charges that these individuals depleted the endowment through complicated – and often unauthorized…