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Thread: Five banks sue DSU

  1. #1
    BisonBacker is offline Senior Member Gets their mail at the West Parking Lot
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    Default Five banks sue DSU

    Five financial institutions have filed a lawsuit against Dickinson State University and the North Dakota State Board of Higher Education to claim payment for the Biesiot Activities Center.

    American Bank Center, Choice Financial Group, Dacotah Bank, Western Bank and Kirkwood Bank & Trust will appear before Southwest District Judge William Herauf in March 2018 to make their claims against DSU and the SBHE.

    The Biesiot Activities Center, formerly known as the Badlands Activity Center before a name change in 2012, was built by the former DSU Foundation with some of the funding coming from the loans from the aforementioned financial institutions. Since DSUF's dissolution in late 2015, the complaint states, the lending banks have received no payments on the loans for the BAC.

    More at this link.

    http://www.thedickinsonpress.com/new...-banks-sue-dsu

  2. #2
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    Default Re: Five banks sue DSU

    Wow. What a disaster.

    Look for certain legislators to question the foundation governance and reporting structure everywhere except in GF.
    I have the honor to be Your Obedient Servant - B.Aud

    We all live in stories... It seems to me that a definition of any living vibrant society is that you constantly question those stories... The argument itself is freedom. It's not that you come to a conclusion about it. Through that argument you change your mind sometimes... That's how societies grow. When you can't retell for yourself the stories of your life then you live in a prison... Somebody else controls the story. - S. Rushdie

  3. #3
    kab1one is offline Senior Member Gets their mail at the West Parking Lot
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    Default Re: Five banks sue DSU

    Quote Originally Posted by bisonaudit View Post
    Wow. What a disaster.

    Look for certain legislators to question the foundation governance and reporting structure everywhere except in GF.
    How's NDSU doing on raising the last 6 million the development foundation guaranteed on the SHAC?

  4. #4
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    Default Re: Five banks sue DSU

    Quote Originally Posted by kab1one View Post
    How's NDSU doing on raising the last 6 million the development foundation guaranteed on the SHAC?
    You’re not really a Bison fan, are you …

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