Tuesday, February 25, 2014
The agreement, devised under Justice Johnny Lee Baynes, will allow a real, honest RFP to be offered for Long Island College Hospital (LICH) . . . but Justice Demarest had to sign it first.
Sources told the Brooklyn Eagle that before signing the LICH – SUNY settlement papers on Monday, Justice Demarest made some handwritten changes to the agreement.
The most important change, the sources said, makes clear that Judge Demarest retains jurisdiction over the trust-related issues -- so that SUNY must go back to her to complete any transaction.
This includes the quickly disappearing $140 million Othmer Endowment, which LICH supporters had despaired would be totally lost when they had to agree to drop all charges against SUNY in return for an honest RFP.
This important insertion by Justice Demarest is another layer of oversight to that provided already by Justice Baynes, who said in court that he was going to make sure everyone was treated with the respect they deserved.
Brooklyn is very fortunate to be served by Justice Baynes and Justice Demarest!
LICH – SUNY deal OK'd with Addition: Brooklyn judge retains jurisdiction over Othmer Endowment [Brooklyn Eagle]
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