Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, August 26, 2016

Duke University Files Claim Seeking Promised Pledge Funds

Duke universityDuke University filed a claim on Aubrey McClendon’s estate, asserting that the oil magnate died before he could fulfill roughly $10 million of pledges. McClendon had pledged funds for athletics, scholarships, and campus improvements. Lawyers for McClendon’s estate claim that the once billionaire left behind more debt than assets. Duke University’s claim is the first that focuses on the mogul’s charitable giving. In the upcoming suit, the main question will be whether there was a legally binding contract.

See Ryan Dezember & Kevin Helliker, Duke University Makes Claim on Estate of Aubrey McClendon, Wall Street Journal, August 24, 2016.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2016/08/duke-university-files-claim-seeking-promised-pledge-funds.html

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