Bond Holders of Defunct Judson College File Lawsuit; Alabama Baptist Leaders Respond

State convention, other defendants seek dismissal in lawsuit related to Judson College bonds

By Jennifer Davis Rash

Defendants in a lawsuit connected to the financial difficulties of Judson College filed a motion to dismiss the case today (Sept. 28).

The plaintiff – Frank C. Mann, a businessman from Winston County – was part of a group of bond holders who put up $11,230,000 in 2010 to assist Judson officials with financial needs at the time. Mann purchased a $1 million bond and is suing to recover his investment.

His suit was filed in Jefferson County’s circuit court July 15 and named the following as defendants:

  • Judson trustees Charles F. Dunkin, Roy A. Barnett Jr., Bruce Fuller, Judith Karen Favor and Joan Vignes Newman, who serves as the current chair of the board of trustees. Dunkin, Barnett, Fuller and Favor were trustees in 2010; Newman was not.
  • Judson President Daphne Rudicell Robinson, who served as a trustee in 2010.
  • Former Judson staff member and general counsel Joseph W. “Bill” Mathews, who served at the school for about a decade beginning in 2008.
  • The Alabama Baptist State Convention, the Alabama Baptist State Board of Missions (SBOM) and SBOM Executive Director Rick Lance.

Legal representatives of the defendants are seeking to dismiss the case “in its entirety” for a host of reasons, including the statutes of limitations, the individual defendants’ immunity from suits and the language of the bond instruments.

Click here to read more.
Source: Baptist Press

When you purchase a book below it supports the Number #1 Black Christian Newspaper BLACK CHRISTIAN NEWS NETWORK ONE (BCNN1.com) and it also allows us to spread the Gospel around the world.