The judge in the Gibson’s Bakery case has ordered Oberlin College to post a $36 million dollar bond if it appeals the $31.5 judgment against it. An appeal could require several years, and interest on the judgment is piling up at the rate of several thousand dollars a day. It seems that the judge believes Oberlin’s claims of financial distress and wants to make sure that the plaintiffs can collect their judgment after the college’s appeals are exhausted.
Evidently pleading “impending doom and financial disaster” is a good way to score an own goal.
The college is sitting on a literal pile of cash and assets now. The college doesn’t want to put up a bond now so they claim they may be forced into bankruptcy later while they appeal what is an obvious verdict.
The question is not whether the administration at Oberlin College is stupid. The question is simply how stupid they are. If you could measure that in terms of dollars, I’m guessing they are at least $40 to $50 million stupid. But “priceless” cannot be ruled out.