TITLE

Former owner reacts to Meadowcraft lawsuit

AUTHOR(S)
Ingram, Cinde W.
PUB. DATE
November 2010
SOURCE
Casual Living;Nov2010, Vol. 50 Issue 11, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the actions taken by Sam Blount, former owner, chairman of the board and chief executive officer (CEO) of wrought iron furniture manufacturer Meadowcraft, upon learning the lawsuit filed by Wells Fargo Bank and other lenders against his company. Blount fired five top managers of the company and called the U.S. Federal Bureau of Investigation (FBI) when he discovered that the managers lied to banks and misused money from his company.
ACCESSION #
87025253

 

Related Articles

  • WELLS FARGO ACCUSED OF FRAUD IN LAWSUIT. Smith, Hubble // Las Vegas Business Press (10712186);11/8/2010, Vol. 27 Issue 45, pP12 

    The article reports on a lawsuit filed by Alkimya Investment against Wells Fargo Bank at the Clark County District Court in Nevada on July 14, 2010, which claims that the bank backed out of a deal to finance a hotel and casino in Las Vegas after acquiring Wachovia Bank.

  • Court Limits Counsel Fees Where and that they were in some meaningful sense culpable Suit Was Essentially Uncontested.  // Lender Liability Law Report;Jul2012, Vol. 26 Issue 7, p7 

    The article discusses a court case wherein a U.S. court had ordered Wells Fargo Bank to limit its legal fees to 10,000 U.S. dollars. In Wells Fargo Bank, N.A. v. Humphrey Lumber Corp., the appellant filed a complaint against the latter after it defaulted on a note and guaranty for loan from the...

  • Wells Fargo Faces Suit Concerning Loan-Mod Denials. Wack, Kevin // American Banker;12/12/2012, Vol. 177 Issue 189, p10 

    The article discusses a federal lawsuit filed in California against Wells Fargo bank for allegedly denying loan modifications to eligible homeowners in violation of the national mortgage settlement and notes the class-action lawsuit that involves World Savings Bank's Pick-a-Payment mortgages.

  • AT-WILL, BE KUHL. PANNABECKER, JAMES H. // Bankers Letter of the Law;Aug2013, Vol. 47 Issue 8, p1 

    The article discusses a court case between former First State Bank of Pinedale president Bill Kuhl and Wells Fargo Bank. The case referred to a dispute over his employment status at Wells Fargo since the bank purchased First State Bank on July 1, 2008, where the deal revealed that his employment...

  • LENDER LIABILITY -- BANKS WIN TWO.  // Bankers Letter of the Law;Sep2011, Vol. 45 Issue 9, p3 

    The article discusses two court cases dealing with lending liability in which the courts sided with the banks. In Interpharm Inc. v. Wells Fargo Bank, the district court and the U.S. Court of Appeals for the Second Circuit dismissed the claims of the firm accusing the bank of wrongful conduct....

  • Alaska Supreme Court Affirms Dismissal After Trial of Promissory Estoppel Claim of Construction Contractor.  // Lender Liability Law Report;Oct2011, Vol. 25 Issue 10, p5 

    The article discusses the court case, Safar v. Wells Fargo Bank N.A. It mentions that the Bank had filed a complaint in Alaska state court searching the appointment of a receiver, wherein Norway was against the appointment of a receiver. Moreover, it notes that the court dismissed Safar's claim...

  • Appeals Court Reverses Judgment Against Bank Based on Dishonored Check. Chaitman, Helen Davis // Lender Liability Law Report;Aug2011, Vol. 25 Issue 8, p7 

    The article discusses a court case wherein judgment against a bank based on dishonored check was reversed by the U.S. Court of Appeal. In Wells Fargo Bank N.A. versus Financial Solutions Inc. (FSI), the bank was sued for its failure to explain a delay in forwarding a depositor's check to Bank...

  • "Notice and Cure" Cannot Prevent Suit For T-in-L Damages.  // Consumer Credit & Truth-in-Lending Compliance Report;Aug2013, Vol. 44 Issue 8, p5 

    The article discusses a court case wherein a judge ruled that a "notice and cure" clause made by Wells Fargo Bank, N.A. cannot excuse the creditor's failure to comply with the Truth-in-Lending Act and cannot prevent a credit card holder from suing the bank even if the latter did not comply with...

  • SECURED CREDITOR HAD STANDING TO ENFORCE BANKRUPT DEBTOR'S RIGHTS ON RECEIVABLES.  // Clarks' Secured Transactions Monthly;Nov2011, Vol. 27 Issue 11, p4 

    The article discusses an Illinois court case, Agri-Best Holdings LLC v. the Atlanta Cattle Exchange Inc. (TACE), which deals with the enforcement of the bankrupt debtor's rights on receivables. Agri-Best Holdings LLC registered for a Chapter 11 bankruptcy and sued TACE on the receivables,...

Share

Other Topics