The University announced Wednesday it will consider returning $800,000 donated by Jeffrey Grayson, the former president of the bankrupt Portland investment firm Capital Consultants.
General Counsel Melinda Griercq will begin talks in coming weeks with court-appointed receiver Thomas Lennon, who in June asked the University to return the money.
Grier is currently on vacation and unavailable for comment.
Still, administrators have stated they haven’ decided weather to hand over the dough.
“The University cannot simply give away money without a clear legal reason to do so,” President Dave Frohnmayer said in a written statement. “Similarly, the foundation has a fiduciary responsibility to the many donors who have entrusted their funds to them on behalf of the U.O.”

Eugene residents struggle to find work
As a veteran of the ups and downs of the Eugene job market, Honi Newhouse never expected to find a job easily.
But after a month from graduating from the University, she is still without work, and attracting the attention of employers has been even more difficult than she expected.
“I’ll call back 3 or 4 times and get no response,” she said. “It’s been just kind of frustrating, generally.”
Her friends and roommates are also having trouble finding a job this summer, she added. And they are not the only ones.
With recent layoffs at two local manufacturing plants and a down-turning economy, the job market right now is “considerably worse than last year,” said Gloria Mulligan, the job placement supervisor at the Eugene office of the Oregon Employment Department.

UO student recovering after G8 summit protest
The parents of junior art major Morgan Hager flew to Italy Wednesday morning to find their daughter, who was beaten and arrested during a police raid on anti-globilization protesters of the G8 summit in Genoa, Italy.
Hager’s mother, Susan, said a U.S. Consulate in Italy provided her with detailed information about her daughter Tuesday afternoon after waiting for more than 48 hours knowing only that she was under arrest and hospitalized.
A student in the honors college from Portland, Hager suffered a fractured arm and bruises on her back, arms, shoulders and legs, Brian Oberle, a U.S. Consulate general in Milan, Italy told Susan Hager. But she added Oberle said her daughter’s injuries could have been much worse compared to others who were arrested in the raid and injured over the weekend during the protest.