UW-Oshkosh, foundation reach $4.6 million settlement
MILWAUKEE (AP) — The University of Wisconsin-Oshkosh and its private foundation have reached a multimillion-dollar settlement as part of the foundation’s ongoing bankruptcy case.
The Post-Crescent reports the parties announced the $4.6 million net sum agreement late Friday. A federal district judge previously allowed the UWO Foundation and UW System to enter mediation.
According to a joint statement, the parties agreed “to confirm ownership of the Alumni Welcome and Conference Center,” though it was not clear which side would own the center.
Information from: Post-Crescent Media, http://www.postcrescent.com