Partner and Chair of Litigation practice, Jim McDermott, quoted in The Oregonian article featuring client, HotChalk, Inc., and Concordia University-Portland Closure Case2021-03-17T19:40:27+00:00
03.17.2021 // NEWS, Publications
Partner and Chair of Litigation practice, Jim McDermott, quoted in The Oregonian article featuring client, HotChalk, Inc., and Concordia University-Portland Closure Case

Concordia creditors do battle as campus slated for June foreclosure auction

“For over a year, Concordia has hidden its finances from public view while diverting its remaining assets away from HotChalk, which is owed over $300 million,” said McDermott in the recent article featured in The Oregonian, and referencing the largely publicized Concordia University-Portland case. The University is attempting to auction off its campus to the highest bidder, but ongoing lawsuits may prevent the sale from taking place. The Lutheran Church Extension Fund claims it is owed over $40 million, while Hotchalk, Inc. says the university owes them more than $300 million for developing online education programs.

While the court battle rages, developers are anxious about the fate of the land in the heart of residential Northeast Portland.

To read the article in full, click here (subscriber based)

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Ball Janik LLP was founded in 1982 with six lawyers and a four-person support staff in Portland, Oregon. Since our firm’s inception, we have expanded our capabilities, our professionals, and geographic footprint. What started as a firm focused in real property and land use (known then as Ball Janik & Novack), has grown to include the insights of a team of 30-plus attorneys, with a combined six centuries of experience, and capabilities including Real Estate and Land Use, Construction Defect, Commercial Litigation, Insurance Recovery, Construction and Design, Employment, Finance and Corporate, Public Agencies and Schools, and Community Associations. With offices in Florida and Oregon, our regional growth has earned us a national reputation for upholding the rights of our clients.

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James T. McDermott
Portland, Oregon