Bloomberg Law
March 9, 2023, 11:07 PMUpdated: March 10, 2023, 1:04 AM

Falwell Feuds With Liberty Over $8.6 Million Retirement Fund (1)

Christopher Brown
Christopher Brown
Staff Correspondent

Jerry Falwell Jr. sued Liberty University Inc. to recover $8.6 million in retirement benefits he claims the university denied him after he resigned as president and chancellor in August 2020 in the midst of a sex scandal.

At issue in the lawsuit is a supplemental retirement benefits plan he negotiated with Liberty in 2019 that was due to be paid to him in a lump sum Sept. 1, 2022.

The Supplemental Employee Retirement Plan was intended to provide a lifetime retirement benefit for Falwell and his wife equal to 75% of his average base salary over the five years before ...