Oklahoma Judge Rules Against OSU, Pickens In Lawsuit - News9.com - Oklahoma City, OK - News, Weather, Video and Sports |

Oklahoma Judge Rules Against OSU, Pickens In Lawsuit

Posted: Updated:
[File Photo] [File Photo]
OKLAHOMA CITY -

A Payne County judge has ruled against Oklahoma State University and its top booster, T. Boone Pickens, in their attempt to recover money spent on life insurance premiums in the school's "Gift of a Lifetime" fundraising plan.

Associate District Judge Stephen Kistler issued a ruling Tuesday in favor of Lincoln National Life Insurance Co. and several co-defendants.

Pickens and Oklahoma State University's athletic fundraising foundation, Cowboys Athletics Inc., filed the Payne County lawsuit in 2010, alleging agents for the insurance company used manipulated data and inflated the benefits of the life insurance strategy.

The program involved taking out life insurance policies on 27 aging school supporters with the university as the beneficiary.

Oklahoma State University ended the program several years ago and sued to recover about $33 million in premiums.

Special Features

iPhone App

Get breaking news, weather, sports & video directly on your iPhone.

Mobile Alerts

Get breaking news, headlines, weather alerts & more on your cell phone.

Radars

See where weather is happening using our live interactive radars.

Classifieds

Use our free classifieds to find the things you need or sell your items.

TV Schedule

Need to know what's on TV? Check out our television schedule.

Live Radar

ESP Interactive
Powered by WorldNow
News 9
7401 N. Kelley Ave.
Oklahoma City, OK 73111
OKLAHOMA CITY'S OWN TM
Oklahoma's Own News9.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state including Oklahoma City's Own.
All content © Copyright 2000 - 2014, WorldNow and KWTV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.