A Jefferson County Circuit Court judge denied former University of Louisville President James Ramsey’s motion to dismiss the school’s lawsuit against him.
UofL and its foundation jointly sued Ramsey and other former foundation officials in April over alleged financial mismanagement, including excessive spending of the school’s endowment. Ramsey had asked the judge to dismiss the majority of the school’s case against him, arguing they had not made specific and provable claims against him. In some cases, he argued, the statute of limitations was also up.
In oral arguments earlier this month, Ramsey’s attorney, Steve Pence, asserted while UofL could sue its foundation, it could not sue officials who worked for the foundation. Judge Judith McDonald-Burkman disagreed, ultimately denying Ramsey’s motion Wednesday.
“The new Foundation leadership prioritizes transparency and accountability to advance the University, while respecting donor intentions through good stewardship,” UofL Foundation lawyer Andy Campbell said in a statement. “Accountability is now at the heart of every decision we make. What happened under the previous regime will never occur again, thanks to the governance reforms we have implemented.”
Earlier this month, McDonald-Burkman also denied Ramsey’s request that UofL cover his legal fees in advance. However, if Ramsey wins the suit, it is possible the school or foundation will need to reimburse him for those costs.