Richard Roberts, president of Oral Roberts University since 1993, resigned from his position Friday effective immediately, according to a statement by the chairman of the school's Board of Regents.
Roberts and ORU have come under fire since a lawsuit was filed by three former professors.
The lawsuit includes allegations of financial malfeasance by Oral and Lindsay Roberts and other forms of misconduct.
Roberts, son of school founder and televangelist Oral Roberts, had taken a temporary leave before resigning from the evangelical university, fighting the accusations against him. The couple denies wrongdoing.
