Harvard University warned investors that mounting legal challenges with the White House over its $2.2 billion federal funding freeze could materially harm the institution’s financial standing, reputation, and operations, according to a disclosure filed on Tuesday in connection with a successful bond sale.
“Further developments in these and other matters are likely, which may include but are not limited to legal actions such as audits, investigations, lawsuits, charges, or other proceedings,” the disclosure reads, in reference to the Trump administration’s Monday freeze and review of nearly $9 billion in federal funding.
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