Judge's 'Gift of a Lifetime' decision affirmed

Local News

March 19, 2013

Judge's 'Gift of a Lifetime' decision affirmed

By Russell Hixson Stillwater NewsPress The Stillwater News Press Tue Mar 19, 2013, 12:18 PM CDT

STILLWATER, Okla. — A federal judge affirmed a decision to deny Cowboy Athletics and T. Boone Pickens compensation for $33 million spent on a fundraising campaign.

The "Gift of a Lifetime" program involved taking out life-insurance policies on 27 aging school supporters with the university as the beneficiary.

Pickens and Oklahoma State University’s athletic fundraising foundation 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.

Associate District Judge Stephen Kistler ruled in favor of Lincoln National Life Insurance Co., and several co-defendants in July.

Text Only | Photo Reprints

Local News

Habitat will send bus of volunteers to help Moore cleanup efforts
Habitat's ReStore manager Jennifer Dault said Friday 20 had already signed up. The team will leave at 6 a.m and return at 6 p.m.

May 25, 2013 1 Photo
Multi-agency resource centers open Saturday in Carney. Little Axe and Shawnee
The centers will be open from 9 a.m. to 7 p.m. Residents can meet with American Red Cross and partner agency caseworkers to receive assistance to their short-term needs, American Red Cross spokesman Ken Garcia said.

May 25, 2013
Williams' attorneys claim jurors visited crime scene during trial, seek new trial
Former Oklahoma State University basketball player Darrell Williams was convicted in July of two counts of rape by instrumentation and a count of sexual misconduct.

May 25, 2013
Stillwater High Senior Class President tells grads to 'be incredible'
353 Stillwater High School seniors graduate.

May 25, 2013 2 Photos
BREAKING NEWS: Oklahoma State Bureau of Investigation lead agency in homicide near Cushing
More information expected later.

May 24, 2013
Responder suffers loss of his Carney home in tornado
May 23, 2013 1 Photo
National Weather Service Forecast
July 18, 2012
Mom delivered baby as tornado struck
Shayla Taylor's second child was moments from birth as an EF-5 tornado bore down on Moore Medical Center on Monday afternoon.

May 23, 2013 1 Photo
Tornado took Moore's youngest
When a top-of-the-scale EF5 tornado ripped through Moore, it took with it 24 lives. Seven of them were children at Plaza Towers Elementary school; two were only babies.

May 23, 2013 3 Photos
Storms bring flooding to Oklahoma City area
Residents urged to delay travel.

May 23, 2013
More Local News Headlines

Stilly Studio

Savory crosses off goals with fifth album
“I love the high energy stuff,” he said. “Even though it’s country, being able to rock it up, distorted guitars and just seeing the crowd, feeding off of that.”

May 2, 2013 1 Photo

NewsPress Specials

AP Video