The Battalion. (College Station, Tex.) 1893-current, August 31, 1987, Image 3

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    Monday, August 31, 1987AThe Battalion/Page 3A
State and Local
abandons adoption plan
r private law school in valley
an unaccredited private law
chool in the Lower Rio Grande Val-
r
speed.' * By Carolyn Garcia
City Editor
>resider 1 ^nigher-higher education in Texas
Ka thumbs down earlier this sum-
reason ^ 1 ' w ^ en r exas A&M nixed adopt
W as a j, ig I an unaccredited private ’
e «user
ninoriti |;Jhe Raul G. Garza School of Law
> watd vas|ooking for a major university to
Hiate with to help it gain accredi-
*[ ition from the American Bar Asso-
iation.
• l its devoted and wealthy
"Hli i: Ijyhni, A&M fit the bill nicely,
he poutajwhen approached with the idea,
^^1 President Frank Vandiver said
d hav e J was a PP ea l* n g, but needed further
j nvestigation.
“■owever, he said the law school
llou ult ^ministration was a little overzea-
11 be sad
h, of con
“They (law school officials) called
me and asked me if we would be in
terested in it and I said, ‘I don’t
know, let us take a look at you.’ ”
Vandiver said. “So they went out
and told the press we were going to
get married.
“That really hacked me because
we are probably not going to affiliate
with that school, and I don’t like be
ing told by the Regents that I did
something that I oughtn’t have
done, because I didn’t do it. It really
made me mad.”
A&M was interested in obtaining
a law school a few years ago, Van
diver said, but he’s not sure why the
plans were aborted.
“We didn’t pursue it for reasons I
don’t understand,” he said. “Appa
rently the board decided, along with
the faculty, that we didn’t have ei
ther the resources or the real neces
sity for a law school. There are a
good number in the state and I think
there’s a question as to whether or
not we ought to have another law
school.”
Vandiver and the dean of the law
school, Michael DeMoss, differ on
what A&M stood to gain from such a
union.
DeMoss said he believes A&M
would receive a substantial dowry.
“We have a $2 million law li
brary,” DeMoss said. “We’ve gone
through the initial feasibility costs. It
would be a gift to anyone who affil
iated with us.
“We also have a sizable gift of a
large Hispanic group of students.
“We’re probably the last law
school to be formed in the state. If
A&M wants a law school, this is the
opportunity. There is no debt. In
fact we have a large facility with sub
stantial assets. We’re never in excel
lent shape. We’re always trying to
get help and donations.
“The alumni of that institution
(A&M) are a big factor.”
But Vandiver disagrees that A&M
would really benefit from the ven
ture.
“This is a private law school,”
Vandiver said, “and the dean is very
fond of saying that it would bring a
dowry to the marriage. Actually it
would bring a considerable debt — I
found out after I looked into it fur
ther. And, with the funding problem
in Austin, we simply can’t afford to
take on a burden like that.
“Now, if they had money, I would
be very interested. But without it we
can’t spread ourselves any thinner
than we already are.”
Hunt attorney claims
brothers will collect
only $1.5 billion in suit
DALLAS (AP) — A year after
the Hunt brothers filed a $13.8
billion lawsuit against their lend
ers, a Hunt attorney says the
damages the brothers stand to
collect might not amount to more
than the $1.5 billion they orgi-
nally borrowed.
Even that reduced amount will
be enough to erase the Hunts’
enormous debt obligation, attor
ney Stephen Susman says.
The accusation that 23 banks
planned to take over the Hunts’
oil and gas empire, violating anti
trust statutes in the process,
didn’t pan out, Susman says.
If the banks had planned an in
dustry takeover -— and Susman
says he would have a difficult
time proving that — he believes
the suit chilled the plan.
Attorneys from both sides say a
jury trial, set for October 1988,
will be risky. Finding a solution
will involve a compromise strat
egy that is face-saving, they say.
“The key to settling this case is
to figure out a way for the banks
to say, ‘We got every penny we’re
entitled to,’ and for my clients to
say, ‘This is just what we
wanted,’ ” Susman says. “We
don’t want to turn over the keys
to the banks. Even if our chances
are no more than, say, 20 per
cent, we really would rather roll
the dice.”
The Hunts defaulted on the
loans; that fact is not in dispute.
he
pres 1
ted to
peed, i
ion hes:
i’t have:
ring This Ad In For A Free Silver Heart
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IfllSi I
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Largest selection of loose diamonds engagement rings in the area. We
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We maintain a market for all bullion items. Krugerands Maple leaf coins,
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14K GOLD ITEMS
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