By Chris Dolmetsch
Columbia University won dismissal of a lawsuit alleging the school failed to use donations to promote Italian culture as the benefactors intended.
Several Italian-American families in 1927 donated $400,000, worth about $5 million today, to the university to erect La Casa Italiana, the "Italian House," on school land. The Italic Institute of America, a nonprofit group based in Floral Park, Queens, sued the school in New York State Supreme Court in Manhattan in August.
Source: http://www.businessweek.com/
