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Daily Archives: December 13, 2010

'Gross Negligence' is test for FDIC civil recoveries

By Ted Carter At a recent press conference, Federal Deposit Insurance Corporation Chairman Sheila Bair drew a distinction between investigations of bank executives and directors her office is doing and the criminal probes launched by the FDIC’s inspector general. She said her agency has approved about 200 civil actions against bank officers and directors aimed at recovering about $2 billion. ...

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FERC: Entergy overcharged customers

BATON ROUGE, La. — A federal regulatory judge has ruled that electric utility Entergy Corp. overcharged customers in four states by selling higher priced power to its own subsidiaries. Mississippi Attorney General Jim Hood on Monday announced last week’s ruling by an administrative law judge for the Federal Energy Regulatory Commission. The ruling can be appealed and no dollar amount ...

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SoS releases list of special election qualifiers

ACROSS MISSISSIPPI — The qualifying deadline for candidates running in the Jan. 11 special election was today Dec. 10 for the following races State Senate, District 6 (U.S. Rep. Alan Nunelee’s old seat), State House of Representatives, District 116 (Steven Palazzo’s old seat) and Northern District Transportation Commissioner (the late Bill Minor’s seat). The State Board of Election Commissioners will ...

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Law firm moves into downtown ICON Building

GREENVILLE — Richard Law Firm, PLLC, has relocated to the fourth floor of the ICON Building at 540 Main Street in downtown Greenville. The law firm was previously housed at 207 Main Street. Commercial real estate broker Mal Kretschmar sold the building in Oct. 2008 to DMC Investments of Nashville, Tenn. DMC retained Kretschmar as the leasing agent for the ...

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Zayo expanding fiber-to-the-tower network

NORTHWEST MISSISSIPPI — Zayo Group, a Colorado-based provider of bandwidth infrastructure and carrier neutral colocation services, is augmenting and extending its Memphis fiber-to-the-tower (FTT) network into North Mississippi. The cost of the project was not disclosed. Zayo will be upgrading its current fiber-to-the-tower network in Memphis and extending the network into North Mississippi, including Southaven and Olive Branch. The network ...

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IHL approves new college prep curriculum

ACROSS MISSISSIPPI — Students planning on going to college, or even those who are just beginning to think about the possibility, should make plans early in high school, or even before, to ensure they have all of the requisite courses under their belts when it is time for them to walk across stage, receive a diploma and move to the ...

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Casino workers might get oil spill assistance

MISSISSIPPI GULF COAST — The agency in charge of paying Gulf of Mexico oil spill claims is requesting information from casinos that could lead to payments to hundreds of gambling employees previously denied damage claims, the head of an industry trade group says. Beverly Martin, executive director of the Coast Casino Operators Association, told The Sun Herald that she talked ...

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Cellular South adding more Select Retailers

RIDGELAND — Cellular South is expanding its Select Retailers locations, which are part of the company’s Indirect Sales Channel. Four Select Retailer locations have already opened in Petal, Pontotoc, Houston and Southaven with another location in Bay Springs slated to open later this month. “Cellular South continues to experience strong, steady growth and our Select Retailer expansion is in direct ...

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Ex-Hancock Bank staffers doing time for stealing

OCEAN SPRINGS — Two former employees of Hancock Bank’s main branch in Ocean Springs are now in the minimum-security sections of prisons in Florida, each serving an 8 1/2 year sentence for their roles in a multimillion-dollar embezzlement scheme. The Sun Herald reports Margaret Migues, former branch operations manager, is at Coleman Federal Correctional Complex about 50 miles northwest of ...

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MDOT starts two-phase construction project

JACKSON COUNTY — The Mississippi Department of Transportation (MDOT) will soon begin work on a comprehensive highway reconstruction project beginning at the U.S. 90 interchange of Mississippi 63 (to the north) and Highway 611 (to the south) in Jackson County. Tanner Construction Company was awarded the phase one $21-million project. Jackson County was awarded a $35-million Mississippi Development Authority (MDA) ...

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