The Enid News and Eagle, Enid, OK

May 2, 2013

OSU drops lawsuit to recover premiums

From The Associated Press

STILLWATER, Okla. — Oklahoma State University has dropped a lawsuit that sought to recover $33 million in premium payments from a program that insured the lives of certain alumni to provide payouts to Cowboy Athletics.

The university said Wednesday it will try to collect on one $10 million policy on an alumnus but won’t pursue $33 million in premium payments.

Cowboy Athletics is the university’s athletic fundraising arm.