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Wednesday, August 28, 2013

Charleston Law School Agrees to Buyout by InfiLaw, but Solicits Other Offers

Charleston LogoFollowing up on last month's post, Charleston Law School Signs Management Agreement With InfiLaw. Is Sale Next?  The answer is yes:

The founders and directors of the Charleston School of Law announced today that they have signed an agreement expressing their intent to transfer ownership of the law school to The InfiLaw System (“InfiLaw”), which would become effective if approved by the South Carolina Commission on Higher Education (CHE) and the American Bar Association. Such approval is expected to take months to complete. ...

In an announcement to students, faculty, staff and alumni, the directors also indicated that they are willing to consider well thought-out and financially-viable alternative offers. They further established a process by which offers could be submitted to their lawyer.

http://taxprof.typepad.com/taxprof_blog/2013/08/charleston-law-.html

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