College staff move to halt assets sale

August 31, 2007

A group of staff at a US college that has suspended operations because of a financial crisis has lodged a lawsuit against the institution. Antioch College staff have applied for an injunction to prevent the college from selling or dispersing college assets including buildings, the endowment and land. College officials said in June that the college would suspend work from July 2008 but would open again once they had redesigned the campus and curriculum in a bid to stem falling student numbers. However, some staff and alumni feared that the college would not reopen or would experience severe cuts.

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