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Wednesday, October 21, 2009 - 2:27am

Regents Sue Former MCG Foundation

The Board of Regents of the University System of Georgia is suing a foundation that once supported the Medical College of Georgia.

The lawsuit alleges that the foundation is still using the MCG name, a trademark violation, according to a spokesman for the Board of Regents. It also accuses the foundation of violating fiduciary responsibilities, refusing to align fundraising priorities with those of MCG and the Board of Regents, failing to provide financial information necessary for MCG's budgeting purposes and violating Georgia's Unfair Trade Practices Act.

MCG terminated its affiliation with the foundation in 2008, with the chairman, MCG president Dan Rahn, and other members resigning in subsequent months.