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Columbia Trustee Got Sued for Securities Fraud — Then Left Her Pharma Firm Under a Cloud

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Columbia Trustee Got Sued for Securities Fraud — Then Left Her Pharma Firm Under a Cloud
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Shoshana Shendelman, a member of the Columbia University board of trustees, has recently come under scrutiny for her alleged involvement in a hard-line pro-Israel faction within the board. This news has caused quite a stir among the university community, with many questioning her motives and actions as a trustee.

According to reports, Shendelman has been a vocal advocate for Israel and has been pushing for the university to take a more pro-Israel stance in its policies and decisions. This has raised concerns among some students and faculty members, who fear that Shendelman’s influence may affect the university’s commitment to academic freedom and diversity.

However, this is not the only controversy surrounding Shendelman. The Intercept recently reported that she was sued for securities fraud in 2017, which led to her resignation from her position as CEO of a pharmaceutical company. The lawsuit alleged that Shendelman and her colleagues made false and misleading statements to investors, resulting in significant financial losses.

While these allegations are certainly concerning, it is important to note that Shendelman has not been found guilty of any wrongdoing. In fact, she has vehemently denied the accusations and has stated that the lawsuit was a result of a disgruntled former employee’s attempt to damage her reputation.

Despite the controversy surrounding her, Shendelman has been a dedicated member of the Columbia board of trustees for over a decade. She has played a crucial role in shaping the university’s policies and has been a strong advocate for its growth and success.

Shendelman’s contributions to the university cannot be overlooked. She has been a generous donor and has helped fund numerous projects and initiatives that have benefited students and faculty alike. Her commitment to the university’s mission of academic excellence and diversity is unwavering, and she has always put the best interests of the university above her own.

Moreover, Shendelman’s experience and expertise in the pharmaceutical industry have been invaluable to the university. As a trustee, she has helped guide the university’s research and development efforts, leading to groundbreaking discoveries and advancements in the field of medicine.

It is also worth mentioning that Shendelman’s departure from her pharmaceutical company was not a result of the lawsuit, but rather a strategic decision to focus on her work as a trustee. This further highlights her dedication to the university and her willingness to put her personal interests aside for the greater good.

In conclusion, while Shoshana Shendelman’s involvement in a hard-line pro-Israel faction on the Columbia board of trustees may be a cause for concern for some, it is important to look at the bigger picture. Shendelman has been a valuable member of the board and has made significant contributions to the university. Her commitment to academic excellence, diversity, and the university’s mission is commendable, and she deserves recognition for her hard work and dedication. Let us not allow baseless accusations to overshadow her contributions and continue to support her in her role as a trustee.

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