Princeton Settles Lawsuit Over $900 Million Endowment

Bloomberg:
Princeton University settled a lawsuit over an endowment valued at more than $900 million, ending a six-year dispute about how the money is spent.

The legal battle between the New Jersey school and members of the Robertson family, heirs to the A&P supermarket fortune, cost each side tens of millions of dollars in legal fees. The suit hinged on whether Princeton was meeting the donor's requirement of using the gift to educate students for government careers.
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