Wharton 435,000, Engineering 0

Penn sure pulled a fast one on chairman and chief executive of InVivo Therapeutics Inc. Frank Reynolds. See, he applied to a fancy pants Penn program to get a schmaltzy "Executive Masters in Technology Management" degree. And, he assumed that with a pretty sounding name like "Executive Masters" that this coveted degree would come from Wharton. Boy was Reynolds surprised when he discovered his Technology Management degree came from the lowly Engineering school. Uh oh! What's a Penn grad to do? What any good all-American Ivy-Leaguer would do: sue.

According to the DP, Reynolds filed suit against the University because any ole Penn degree just wouldn't do. But who can blame him? Come on now, we all know how much that Wharton name is worth. Or, well, I guess we don't know exactly how much its worth. But it looks like a Philadelphia court does: $435,000. Yup, that's right, Reynolds was awarded $435,000 to compensate for the worthwhile Penn degree.

In other news: Reynolds was recently named one of “America’s most innovative entrepreneurs” by Inc. magazine. Hmm... looks like he didn't need that Wharton degree after all.