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Donors can’t sue CU Foundation over its investments, appeals court rules
Clarence Herbst poses for a portrait in his home on July 1, 2021 in Aspen. Herbst, 93, is a longtime CU donor and former CU Foundation chairman. He sued the foundation for poor money management, saying they’ve lost nearly $1 billion in earnings because of a poor investment strategy. (Helen H. Richardson/The Denver Post)
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