Grad Sues NYU Over Revoked MBA
Asserting a claim for breach of contract, a graduate of New York University’s master’s in business administration program has filed suit in Manhattan federal court over his revoked MBA degree.
Ayal Rosenthal, 29, seeks a court order forcing NYU to hand over his diploma, reports the New York Post.
A part-time student at NYU, Rosenthal was convicted of leaking confidential information while he worked as certified public accountant at PricewaterhouseCoopers. He argues that the degree revocation was “excessive and unfair” and his right to a “fair and timely hearing” was violated during the almost seven months that it took NYU to consider his case.
A NYU spokesperson blames “the unusual nature of the violation,” the newspaper reports.
Two former attorneys at Thacher Proffitt & Wood and a third attorney who worked “as a litigation associate in the New York and Los Angeles offices of a large California-based law firm” were also among the defendants in the insider-trading case, according to a 2007 press release by the Securities and Exchange Commission.
The alleged scheme centered on a family-run hedge fund. Several defendants, including Rosenthal and a brother who was one of the two former Thacher attorney defendants (as well as a NYU law grad) pleaded guilty. They were sentenced later in 2007 and Ayal Rosenthal got two months, according to a Department of Justice press release and the Wall Street Journal Law Blog.
Additional coverage:
ABAJournal.com (2007): “N.Y. Lawyer Sentenced”
Reuters (2007): “Ex-Taro executive gets 5 years for insider trading”
