There is an account at The Intercept, with a quote from AAUP officials who are on this case (I hope FIRE and the AFA are too).  On the facts reported, the college has acted illegally.  This looks to be another example of weaponizing Title VI for purposes of punishing lawful political speech.  Please email me if you have other details/information about this case.

(Thanks to Liam Murphy for the pointer.)

UPDATE:  Here's the AAUP letter to the college.  It's fine, if a bit too reticent.  What the college needs is to get a credible lawyer letter informing them that they are going to be sued for breach of contract if they try to fire Professor Finkelstein for her political speech.  (Absent evidence that her political speech manifests itself in discriminatory behavior in the classroom, there is no basis for sanctiniong her under AAUP standards.)

(Thanks to Michael Risch for the pointer to the AAUP letter.)