At the Courthouse Square

UofL files lawsuit against former president James Ramsey

04/25/2018 11:02 AM

LOUISVILLE- The University of Louisville and the University of Louisville Foundation have filed suit in Jefferson County Circuit Court against former president James Ramsey and other former Foundation officials alleging a breach of fiduciary duty, fraudulent appropriations and improper diversion of funds for personal gain. The suit claims that from 2008 to 2016, Ramsey and others conspired to divert millions of dollars from the Foundation’s endowment into unauthorized and speculative ventures, which put the Foundation at risk. The suit also... Read more 

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