St. Jude has filed a motion to dismiss the lawsuit against it from a committee of Stanford Financial investors.
The investors say Stanford steered some of its ill-gotten gains to Memphis institutions, including St. Jude.
“It is difficult to fully measure the impact that St. Jude Children’s Hospital has had on literally millions of children with catastrophic diseases throughout the world,” St. Jude’s motion reads.
“From the earliest periods in the history of law, courts have protected and favored charities, indulging every inference possible to protect them and preserve their noble purposes. Plaintiffs seek to ignore this tenet of the law and the fact that St. Jude spent the funds it received for public good, not personal gain.”