Word: sigma
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According to Pi Eta’s understanding of the agreement as stated in its court filings, Pi Eta was given the option to dissolve the agreement at any point in the first decade. Sigma Chi disagrees and says that it was given “ownership interests” in the building because of its place on the board...
However, Pi Eta says that the two groups were never able to develop “synergy” and the Pi Eta board members moved to end their relationship with Sigma Chi last fall...
Likewise, Sigma Chi President Michael G. Housman ’01 declined to comment for the fraternity. He said Sigma Chi plans to release a statement when the settlement is finished...
...dispute over the building’s ownersip led the alumni board of Sigma Chi to file a lawsuit in Middlesex County Superior Court against the alumni board of Pi Eta this spring. Pi Eta’s alumni board followed up in May by filing a countersuit against Sigma Chi’s alumni board...
...ownership dispute arises out of the argeement made between the two alumni boards in 1996 over Sigma Chi’s use of the house and its responsibilty of making capital improvements to the building...