Pickens Drops $33M Insurance Row Over Divisive OSU Plans

Law360, New York (May 2, 2013, 4:07 PM EDT) -- Texas oil billionaire T. Boone Pickens and an athletic fundraising group for Oklahoma State University have abandoned efforts to win back $33 million in premiums paid for a controversial life insurance program involving elderly alumni, a university spokesman told Law360 Thursday. 

Cowboy Athletics Inc., a nonprofit dedicated to raising funds for OSU's athletics program, and Pickens, a member of Cowboy's board and an OSU alum, decided last week to drop a lawsuit against Lincoln National Life Insurance Co. that was pending before the Oklahoma Supreme Court....
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