huju: You continue to ignore the answers you were provided to the point you keep spouting. No. All it takes is one lawsuit to bankrupt a school. You don’t need “many”, just one.
Whether the allegations of what happened 60 years ago, or 40 or 20 years ago, are true or false. Even if the administration, faculty, parent body and student body has long changed five times over since that unprovable allegation of a decades ago event. Where even the alleged perpetrator may be long deceased. Yet the big bucks can’t come from a deceased or lower middle class elderly former teacher living on retirement, so instead they try to take away the school from the innocent children today attending it.