After the abrupt closure of Concordia University in Portland, Oregon, in 2020, its long-term technology contractor, HotChalk, filed a $302 million lawsuit against the university and its parent organization, the Lutheran Church Missouri Synod, alleging fraud and interference.

The case, which was set for trial this week, has settled.

Late last week, the Kirkwood-based Lutheran Church Missouri Synod reached a binding settlement agreement with HotChalk, the company’s lead counsel, Jim McDermott, confirmed Sunday in an email to The Oregonian/OregonLive. The terms of the agreement are confidential, McDermott said.

Concordia and HotChalk settled late last year; Multnomah County Circuit Court entered a judgment of about $300 million against Concordia in favor of HotChalk, records show.

The Ore

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