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Judge blocks Penn State board from voting to remove a trustee who has sought financial records

PHILADELPHIA — A Pennsylvania judge has blocked Penn State’s Board of Trustees from voting to remove a member who is suing the board over access to financial information, calling the vote potentially “retaliatory.”

Board member Barry Fenchak, an investment advisor, believes the board has been paying unusually high advisory fees on its $4.5 billion endowment. The fees have tripled since 2018, the Centre County judge said.

Fenchak, voted to an alumni seat on the board in 2022, also wants details on the planned $700 million renovation of Penn State’s Beaver Stadium, which holds more than 100,000 people. The board approved of the stadium updates this year.

In blocking Fenchak’s removal on Wednesday, Centre County Judge Brian K. Marshall said he had provided testimony and evidence “of retaliatory behavior that he has faced at the hands of defendants.”

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