Legal Archive

New Bankruptcy Filing Shows Deeper Debts for Phil Herrington

by Arkansas Business Staff 5/9/2016 12:00 am

In the recently released, more detailed filing, Phil Herrington listed debts of $13.45 million and assets of $5.06 million. When he initially filed for Chapter 11 in March, the real estate developer listed his estimated debts at between $1 million and $10 million.

In Fraud By Kevin Lewis, Blame Is On Trial

by Mark Friedman 5/9/2016 12:00 am

In a civil trial scheduled to start next Monday, the Federal Deposit Insurance Corp. will blame regional accounting firm BKD LLC for failing to uncover the massive fraud that led to the 2010 failure of First Southern Bank of Batesville.

One Bank & Trust Capitalization Plan Forms

by George Waldon 5/9/2016 12:00 am

Little Rock's One Bank & Trust hasn't generated a normal quarterly profit since the Office of the Comptroller of the Currency ousted Layton “Scooter” Stuart as CEO in September 2012.

All's Quiet on the Acme Bankruptcy Front

by George Waldon 5/9/2016 12:00 am

The parent company of Mulberry's Allied Bank marked its second year in bankruptcy last month.

Steven Quattlebaum Recognized as Lawdragon Leading Lawyer (Movers & Shakers)

by Arkansas Business Staff 5/9/2016 12:00 am

Steven W. Quattlebaum, a managing member of Quattlebaum Grooms & Tull PLLC in Little Rock, was recently selected as a member of the Lawdragon 500 Leading Lawyers in America for the fifth time.

Hanna's Candle Gets Burned in Court Judgment

by Arkansas Business Staff 5/2/2016 12:00 am

Last week, Bank of America received a final judgment totaling $6.2 million against Hanna's Candle Co. of Fayetteville, its owner, Burt Hanna, and two of his limited liability companies.

US Employment, Earnings Gains Rose in March

by Arkansas Business Staff 5/2/2016 12:00 am

The U.S. economy continued to rebound in March, as private-sector employment and average hourly earnings rose.

Arkansas Convention Center Troubles Dog Texarkana Investor

by Mark Friedman 5/2/2016 12:00 am

Dr. Hiren D. Patel's investments in a convention center and hotels on both sides of Texarkana have turned into one financial headache after another.

Soul of the South Investors Battle Over KMYA License

by George Waldon 5/2/2016 12:00 am

The broadcast license for KMYA-TV, Channel 49, that Soul of the South Network investors are fighting over was an important piece to a funding puzzle two years ago.

Crittenden Hospital Association Bankruptcy Case Could Last Into 2018

by Mark Friedman 5/2/2016 12:00 am

It might take another two years before the Crittenden Hospital Association's Chapter 7 bankruptcy liquidation is over, the trustee in the case said last week.

Structural Failure (Gwen Moritz Editor's Note)

by Gwen Moritz 5/2/2016 12:00 am

Former Speaker of the House Dennis Hastert and state Auditor Andrea Lea get put on the Moritz Scale of Political Bad Behavior, and their scores are going to look much closer together than the nature of their bad behavior would justify.

Jennifer Chunn Hired at Cross Gunter Witherspoon & Galchus (Movers & Shakers)

by Arkansas Business Staff 5/2/2016 12:00 am

Chunn was previously a grants manager for the Arkansas Economic Development Commission. She earned her degree in journalism and a juris doctorate from the University of Arkansas at Fayetteville.

In Arkansas, Seven Campaigns Aim for Alcohol Sales

by Sarah Campbell 4/25/2016 10:53 am

Five counties and two cities are collecting signatures in hopes that voters can decide in November whether to allow alcohol sales in their communities.

State Supreme Court Keeps Eye on Attorney Sanctions

by Arkansas Business Staff 4/25/2016 12:00 am

The 16 attorneys facing sanctions for abusing the federal court system in a controversial class-action case aren't the only ones interested in what U.S. District Court Judge P.K. Holmes III will do on June 24.

Arbitration Reveals Wide Leeway in Scott Reed Contracts

by Arkansas Business Staff 4/25/2016 12:00 am

When AMR Construction landed an arbitration award for unpaid work on the Main Street Lofts project in downtown Little Rock, the ruling provided a glimpse into the chaotic development world of Scott Reed, who led the ownership group and oversaw the project.

Holmes Highlights Other Class-Action Cases Settled in State Court

by Mark Friedman 4/25/2016 12:00 am

Going to Arkansas state courts to settle class-action cases and avoid federal review has generated a total of $8.34 million in attorneys' fees and expenses in five cases.

AMR Construction Begins Foreclosure Action on Main Street Lofts

by George Waldon 4/25/2016 12:00 am

Little Rock's AMR Construction LLC staked a priority claim to recover $896,756 for unpaid work on the unfinished three-building, 125,000-SF redevelopment at 510-524 Main St.

Fayetteville Primed for Second Raising Cane's Restaurant (NWA Real Deals)

by Marty Cook 4/25/2016 12:00 am

Raising Cane's is poised to put a second chicken fingers restaurant in Fayetteville after a $1.3 million purchase.

John Goodson: No Role Model (Editorial)

by Arkansas Business Editors 4/25/2016 12:00 am

Judges and lawyers who pervert the judicial system for their enrichment undermine the public's faith in that system. They should not be board members of the state's university system.

Wes Ward to Delve Into Cuban Relations at Agriculture Law Conference

by Alexis Hosticka 4/19/2016 11:05 am

Arkansas Secretary of Agriculture Wes Ward will speak at the Third Annual Mid-South Agricultural & Environmental Law Conference this week in Memphis.