In a letter to a member of the Arkansas House of Representatives, the prosecution said Pederson did not provide false documents to legislative auditors investigating the budget shortfall at the U of A Division of University Advancement.
"We are most appreciative of the due diligence by Mr. Bercaw that led to this outcome," U of A Chancellor David Gearhart said in a statement from the school. "We believe this is the appropriate conclusion. At this point, we are actively engaged in moving forward toward our goal of being nationally recognized as a top 50 public research university and planning our next capital campaign."
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