Word: eta
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...Etas have responded to these charges by arguing that “it was explicitly discussed, understood, and agreed to at [the Bickford’s meeting] that the first ten years of the arrangement would be a ‘feeling out’ period, and that the Pi Eta alumni would be able to ‘unwind’ the arrangement if, during that ten-year period, the Pi Eta alumni wished to do so.” Additionally, they deny Sigma Chi’s claim that there was any decision that Sigma Chi members would...
Although Sigma Chi claims to have lived up to financial expectations, the Pi Etas disagree. Since the turnover rate for the undergraduate group’s management is so high, communications over finance reports have often been sporadic. And though Sigma Chi often proposed capital improvements, many times these changes were not made or deferred to subsequent years. Pi Eta also points to the weak ties between the groups: “A not insubstantial part of the motivation for entering into the arrangement with Sigma Chi was to foster the undergraduate-alumni relationships that had long been...
...really buy these excuses. According to one of the court documents, the Sigma Chis have looked into the Pi Etas’ motivations for selling the house and have concluded that their claims are false: “Upon information and belief, the real reasons why the Pi Eta Alumni Members had decided on their own to sell the House was [sic.] because the real estate market in Cambridge had experienced unprecedented growth recently and the Pi Eta Alumni Members wanted to liquidate the asset and reap the appreciation while the market remained so strong. Additionally, their decision to sell...
...Eta alum Michael J. McHugh ’73, whose law firm Rich, May, Bilodeau and Flaherty is representing Pi Eta in the case, says he is not sure what will eventually end up in the building. “There are, I’m sure, hundreds of good uses. We’ll see if anyone wants it,” McHugh says. “We’ve encouraged any undergraduate groups to express their interest...
...Etas have also discussed forming another undergraduate Pi Eta club, though without an involved alumni base, such action is increasingly unlikely. “There’s always been a possibility of that,” Barringer says. “Under the right circumstances, we’d consider it. We’d have to have a good feeling for how that would be done...