University of Pittsburgh

Mike Madison Weighs in on Quietly Settled Lawsuit Involving Carnegie Mellon University

Publish Date/Time: 
January 18, 2012

Pitt Law Professor Michael Madison commented on the recent settlement involving a decade-old claim stating that Carnegie Mellon University misled an investor who sank $5 million into developing technology that didn't work.

 

Madison stated that lawsuits from unhappy investors rarely involve universities because schools stick to basic research and leave development to the private sector. However, the growing trend of universities seeking investors to fund research -- a trend Carnegie Mellon has led by building partnerships with private companies -- is changing the investment landscape.

 

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