Some folks don't like to pay bills...

[nfrine]

Seems like we've heard this story before.

University of Iowa sued by its corporate partner in billion-dollar utility deal • Iowa Capital Dispatch

Just three years into a 50-year, billion-dollar partnership with a utility company, the University of Iowa is being sued over the deal.

iowacapitaldispatch.com

 

[cytor]

What a $hitshow. So glad I never went to school there. So glad I don't live there.

 

[CascadeClone]

"“We never know how it’s going to play out, but we tried to put in place — a little bit at times I was referring to it like writing the U.S. Constitution — which you have to create some values and principles you stand on and try to make those inviolate, and then try to add enough flexibility into it — a structure that can support those values but enough flexibility as the world evolves,” Harreld said at the time.""

That is NOT how you write a contract. About every municipality in the USA has a similar contract with a utility provider, and which fees etc are included and which are not is spelled out in great detail. "Flexibility' seems insane to me in a contract, that's the OPPOSITE of what a contract is supposed to be.

My gods, what a negative advertisement for their law program. First they go to the wall and lose the Barta sex discrimination lawsuits, and now they can't even vet a contract???

Is Lionel Hutz the Dean of the College of Law at Iowa??

 

[Urbandale2013]

This whole deal is dumb but I’m not sure Iowa is exactly in the wrong about some of those payments. Without seeing the actual contract we can’t know but I’d side with Iowa more than the company.

 

[cy90]

Seems like we've heard this story before.

University of Iowa sued by its corporate partner in billion-dollar utility deal • Iowa Capital Dispatch

Just three years into a 50-year, billion-dollar partnership with a utility company, the University of Iowa is being sued over the deal.

iowacapitaldispatch.com

That’s going to be a long 50 years when it’s bad the first year already.

 

[Remo Gaggi]

Just a bunch of greedy hoks.

 

[Drew0311]

Did they ever pay the children’s hospital bill

 

[JP4CY]

Did they ever pay the children’s hospital bill

I think the Courts made them.

 

[psycln11]

Aren't they still paying off Lickliter and Doyle? And possibly the women's field hockey coach?

 

[JP4CY]

Aren't they still paying off Lickliter and Doyle? And possibly the women's field hockey coach?

Pretty sure the women's field hockey coach and the assistant AD were paid by taxpayers after their successful lawsuits against the U of I.
I'd imagine Doyle was paid out of AD funds.

 

[JM4CY]

I think the Courts made them.

That university is such a f*cking sh*tshow.

 

[CycloneDaddy]

Great look for the UofI Law school.

 

[cy4life94]

Did they ever pay the children’s hospital bill

They are actually still fighting some of that. Costing them $3k everyday in interest and they keep losing.

So in addition to the recent $12.8 million verdict, Modern Piping asked the judge to order the UI pay “prejudgment interest” amounting to $3.1 million to date — or nearly $3,000 a day. Judge Kepros this week approved that accruing interest — bringing the new total the UI owes Modern Piping, including the jury award, to $15.9 million.

https://www.thegazette.com/higher-e...n-long-running-childrens-hospital-spat/?amp=1

 

[cytor]

Perhaps the hoks should have called Saul.

 

[JM4CY]

They are actually still fighting some of that. Costing them $3k everyday in interest and they keep losing.

So in addition to the recent $12.8 million verdict, Modern Piping asked the judge to order the UI pay “prejudgment interest” amounting to $3.1 million to date — or nearly $3,000 a day. Judge Kepros this week approved that accruing interest — bringing the new total the UI owes Modern Piping, including the jury award, to $15.9 million.

https://www.thegazette.com/higher-e...n-long-running-childrens-hospital-spat/?amp=1

Seems like they should have… oh, I don’t know… Settled?!?!?

 

[CtownCyclone]

Seems like they should have… oh, I don’t know… Settled?!?!?

Or, maybe, paid for services rendered in the first place.

 

[KidSilverhair]

Is Lionel Hutz the Dean of the College of Law at Iowa??

 

[clonedude]

When I saw the thread title I thought it was going to be about the USA!

 

[khardbored]

"“We never know how it’s going to play out, but we tried to put in place — a little bit at times I was referring to it like writing the U.S. Constitution — which you have to create some values and principles you stand on and try to make those inviolate, and then try to add enough flexibility into it — a structure that can support those values but enough flexibility as the world evolves,” Harreld said at the time.""

That is NOT how you write a contract. About every municipality in the USA has a similar contract with a utility provider, and which fees etc are included and which are not is spelled out in great detail. "Flexibility' seems insane to me in a contract, that's the OPPOSITE of what a contract is supposed to be.

My gods, what a negative advertisement for their law program. First they go to the wall and lose the Barta sex discrimination lawsuits, and now they can't even vet a contract???

Is Lionel Hutz the Dean of the College of Law at Iowa??

Agree. You'd think every possible contingency would be spelled out, especially for a giant financial deal?!?!?

 

[CloneJD]

Great look for the UofI Law school.

The law school doesn’t manage university contracts, the university general counsel does. They in no way are related. The general counsel most assuredly used an outside firm to come to an agreement. That outside firm dropped the ball.