The Alumni-Elected Trustees Invitation To Penn State Board Of Trustees Meeting
WASHINGTON, Aug. 11, 2014 /PRNewswire-USNewswire/ -- The full Board of Trustees of Pennsylvania State University will meet in a public session, via conference call and in person, to address the University's position on recent developments in Treasurer Rob McCord's and Senator Jake Corman's lawsuit versus the NCAA. The suit which initially argued about the $60 million fine levied against the University was broadened by a Commonwealth Appeals Court in April 2014 to examine the very Validity of the Consent Decree.
WHEN: |
Wednesday, August 13, 2014 |
8:30am |
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WHERE: |
Dean's Hall I |
Penn Stater Hotel and Conference Center |
|
215 Innovation Boulevard |
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State College, PA 16803 |
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814-863-5000 |
BACKGROUND:
To promote transparency, the trustees elected by alumni over the past three years (Ted Brown, Barbara Doran, Bob Jubelirer, Al Lord, Anthony Lubrano, Ryan McCombie, Bill Oldsey, Alice Pope and Adam Taliaferro), have made special arrangements to have their constituents take a seat beside them during this important meeting.
On April 9, 2014, a Commonwealth of Pennsylvania Appeals Court questioned the validity of the NCAA Consent Decree in reviewing arguments related to the $60 million fines levied against Penn State in July 2012. The danger in this ruling has driven the NCAA to seek an urgent settlement of this case against it. The Commonwealth has demanded that Penn State have a negotiating position for these settlement discussions, some of which have already occurred. The full Board of Trustees has not yet addressed this issue. The Legal Subcommittee says it has discussed the matter, but the meeting was closed to non-members and a report was never provided to the full Board. Wednesday will be the first opportunity for full Board consideration.
In an August 6, 2014 letter addressed to Chairman of the Board of Trustees Keith Masser calling for special meeting under the University's By Laws, the nine trustees wrote, "The (NCAA) Consent Decree document acknowledges its own overreach. There are other serious issues that must be addressed. The NCAA's very standing – and its failure to conduct its own objective investigation – are also at issue. The NCAA's sanctions have damaged the University's reputation, cost the University at least $125 million; its 'piling on' to 'The Freeh Report's' assertions about our culture continue to cause pain to our students and alumni worldwide.
SOURCE Nicki Neily
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