Memorandum updating a January 1986 memo from James M. Campbell of attorneys for students, the plaintiffs/appellants/cross-respondents. The memorandum says the Oregon State Board of Higher Education resolved to divest its investments in firms doing substantial business in southern Africa; the resolution was not implemented and has been in litigation since 1978, with the students defending divestment against the state's central investment council and, through a legal quirk, against the board of higher education. In December 1984, a Lane County Circuit judge ruled that the trustees must consider social factors in making investment decisions but that divestment violated the prudent investor...
Memorandum updating a January 1986 memo from James M. Campbell of attorneys for students, the plaintiffs/appellants/cross-respondents. The memorandum says the Oregon State Board of Higher Education resolved to divest its investments in firms doing substantial business in southern Africa; the resolution was not implemented and has been in litigation since 1978, with the students defending divestment against the state's central investment council and, through a legal quirk, against the board of higher education. In December 1984, a Lane County Circuit judge ruled that the trustees must consider social factors in making investment decisions but that divestment violated the prudent investor standard. Both sides appealed to the Oregon Court of Appeals; a further appeal to the Oregon Supreme Court is likely. The memorandum discusses Assistant Attorney General Richard D. Wasserman, Dave Frohnmayer, Associated Students of the University of Oregon, Presiding Judge Butler and Michael B. Goldstein. • Equivocal Ruling Leads to Appeals • Tort Claim for Payment Settled • Oral Argument Held • Attorney to Relocate
