Douglas County District Court Judge Jack Murphy rejected a request by attorneys from Bank of America and KU to dismiss the suit filed in March.
The residents claim that the bank hasn't used money left by Elizabeth Miller Watkins in 1939 to fix their aging buildings. Instead, they say, the bank has sent the money to KU, which has passed it on to the KU Endowment Association. The suit asks for "more than $75,000."
"I'm very pleased with the judge's decision" said David Brown, the attorney representing the residents. "I'm eager for this matter to go forward. Hopefully, we'll begin getting answers to questions we've been asking all along."
A KU spokeswoman and an attorney representing Bank of America both declined comment Friday, saying they hadn't yet heard about Murphy's ruling.
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