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Ex-president Steve Wallace suing FSCJ

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JACKSONVILLE, Fla. – The former president of Florida State College at Jacksonville, who resigned three years ago after state investigators found problems with the college's finances and that he might have have violated state ethics laws, is now suing FSCJ, alleging breach of contract.

When the board of trustees voted to accept Steve Wallace's resignation in 2012, it also approved a 1-year consulting contract with him. The board later terminated that contract after learning of a criminal investigation into Wallace's handing of college funds.

A Duval County grand jury investigation of Wallace found "a failure to exercise reasonable due diligence in being conscientious stewards of taxpayer money," but cleared him of any criminal wrongdoing.

The two sides have been feuding over Wallace's severance pay since then and remained hundreds of thousands of dollars apart on a deal.

The lawsuit does not specify how much Wallace is seeking.

COURT DOCUMENT: Steven Wallace vs. Florida State College at Jacksonville

Wallace's lawyer said the contract was terminated without any opportunity for Wallace to respond to issues, and that has diminished his earning capacity and caused injury to his professional reputation.

The new president of the college, Cynthia Bioteau, responded to the lawsuit with a statement:

"We are disappointed to learn of this.  Regardless, our energies and focus remain on our students, their success and providing opportunities that enhance the economic workforce in Northeast Florida. We are reviewing the complaint and will provide a formal response within the appropriate timeframe."