Excerpt: “…[T]he new College continues to invoke not only the history and legacy of the old institution and to bear the name and goodwill of the old, but to benefit from many of the tangible assets of the historic Antioch College, including the alumni, the campus and facilities, and the substantial endowment. The faculty of the old Antioch College, including those faulty who were laid off, were at the core of creating and sustaining those assets. Thus we believe that such benefits entail certain continuing responsibilities to those long standing employees who are qualified for and remain available for positions in the new college–especially the tenured faculty.”