Regions Bank vs. Barkley School of Law

Show me the money


When the credit market froze in 2008, this Kentucky institution signed a promissory Note with a bank to obtain financing for its continued operations. In order to secure repayment of the Note, the school executed a security agreement in which it granted the bank a lien on student loan contracts. Although I am perplexed by the legality of this transaction, I am more disturbed by its ethical morass. The use of students as bargaining chips in the school's financial transactions is a business practice that could create some conflict of interests and invite unethical administrative acts such as grade inflation.

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Reference Info:Pleadings | State, 6th Circuit, Kentucky | United States

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