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For those that don't know, there was a huge scandel associated with Charleston Southern University. A $90 million scandel. Google Al Parrish for information.

Anyway, CSU settled for $3.91 million to Parrish's clients who were swindeled. There insurance company will have to pay the bulk but if CSU has to pay more than $160k...the school is in danger is shutting down.

http://www.charleston.net/news/2008/feb ... ents29700/

Shutting down?? Seems a bit extreme, doesn't it?

Holy Crap...someone was asleep at the switch...

But, I agree that shutting down seems a bit extreme based on the article...

I'd think they'd cut out some athletic programs (read: football) before shutting the doors.

The "Shutting down" comment came from the University.