Another Day Older and Deeper in Debt

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.