After the Freehold Regional High School District accepted James Wasser’s resignation in the wake of embarrassing revelations that he purchased his doctorate from a diploma mill, Lucille Davy has declared the retirement deal “null and void.” Apparently the local School Board violated a state mandate by not holding a public hearing on the resignation deal. Maybe they were the ones trying to hide their red faces: the golden parachute offered in the buy-out included full pay of $210,000 per year for the remaining two years of his contract, plus another $200K in accrued sick leave and vacation days, in spite of the fact that the State recently capped sick leave pay-outs at $15K. He was going to have to give back his SUV, though. That's a blow.