Page "Stevens Institute of Technology" Paragraph 90

In 2009, after a two-year investigation by the New Jersey Attorney General, Stevens and the attorney general filed competing lawsuits against one another.

The attorney general suit against Stevens, its then-president and chairman of the board of trustees alleged numerous claims involving breach of fiduciary duty and other causes of action primarily relating to financial practices and the financial management of the institute and the compensation and certain loan transactions involving the then-president.

The Stevens suit against the attorney general contended that she had overstepped her legal authority over a private institution, and sought that any case be pursued by confidential arbitration.