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Monthly Archives: May 2012

Federal appeals panel upholds fraud verdict againt two lawyers

MCCOMB — A federal appeals court panel has upheld a $420,000 verdict against two Mississippi lawyers accused of committing fraud during an asbestos lawsuit they filed in 2001. McComb attorneys William Guy and Thomas Brock sued Illinois Central Railroad Company on behalf of former employees who claimed asbestos made them sick. The railroad company later sued Guy and Brock, claiming ...

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Outdoor advertising company suing over city's sign ordinance

OXFORD — An outdoor advertising company has sued the city of Oxford in federal and local courts to keep its billboards where they are. The Oxford Eagle reports the lawsuits by Lamar OCI South Corp. are in response to Oxford’s 2004 change its sign ordinance to limit billboards to industrial-zoned areas only. Lamar’s lawsuit filed in federal court in Oxford ...

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Sanderson Farms gets back in black

LAUREL — Sanderson Farms Inc. has reported results for its second fiscal quarter and six months ended April 30, 2012. Net sales for the second quarter were $595.0 million, compared with $479.3 million for the same period a year ago. Net income was $23.9 million, or $1.04 per share, compared with a net loss of $16.3 million, or $0.74 per share, for the second quarter of ...

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Texting Leader, Pearl River Glass win big at MTA venture challenge

Ridgeland-based Texting Leader LLC and Jackson-based Pearl River Glass Studio Inc. both placed first in separate divisions of the Mississippi Technology Alliance’s (MTA) Fifth Annual Mississippi New Venture Challenge last Tuesday at the Jackson Convention Complex. The conference-style annual meeting gives start-ups an opportunity to make real pitches to an angel investor panel. Competing against six other teams in the ...

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Trustmark buying BancTrust, adding 49 offices in Alabama and Florida

JACKSON — Trustmark Corporation and BancTrust Financial Group Inc. of Mobile, Ala., have entered into a definitive agreement pursuant to which BancTrust will merge into Trustmark. BancTrust has 49 offices throughout Alabama and the Florida Panhandle with $1.3 billion in loans and $1.8 billion in deposits as of March 31, 2012. Under the terms of the definitive agreement, which has ...

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Scruggs continues bid for overturning conviction; Backstrom's sentence upheld

OXFORD — Imprisoned former attorney Richard “Dickie” Scruggs wants to take his push to vacate his 2009 conviction in a judicial bribery case to a federal appeals court. And a judge has denied a request to reduce the sentence of co-defendant Steve Backstrom The Northeast Mississippi Daily Journal reports Scruggs filed a motion asking a judge to let him file ...

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County will approve bonds for Old Capital Green, if given financial information

JACKSON — Hinds County has agreed to take on more bond debt to build a parking garage for a proposed $1 billion development if developers provide repeatedly requested financial information. The Board of Supervisors narrowly voted to ask for $17 million in bonds if Full Spectrum South tells how much space is pre-leased, The Clarion-Ledger reported. “We are very uncomfortable ...

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Water park closing due to dispute with waterway district

PURVIS — Lamar County’s ongoing money dispute with the Pat Harrison Waterway District has resulted in the closing of the area’s line water park for the summer. The Hattiesburg American reports Little Black Creek Water Park will be closed from July 1 to Sept. 1. PHWD said the 42-year-old Little Black Creek drew 150,000 to 175,000 visitors annually. The situation ...

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USDA petitioning for Collins Zoo's license to be revoked

COLLINS — The U.S. Department of Agriculture has asked the federal agriculture secretary to fine and revoke the license of the Collins Zoo. The USDA complaint alleges at least 47 violations of the federal Animal Welfare Act, each carrying a fine of up to $10,000, the Hattiesburg American reported. Owners Gus and Betty White have fought government agencies for nearly ...

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Lockheed Martin receives core structure for GEO-4 satellite

HANCOCK COUNTY — Lockheed Martin has received the core structure for the U.S. Air Force’s fourth Space Based Infrared System geosynchronous satellite (GEO-4). The structure was delivered to Lockheed Martin’s Mississippi Space & Technology Center, where engineers and technicians will integrate the spacecraft’s propulsion subsystem. Featuring a mix of GEO satellites, hosted payloads in highly elliptical earth orbit, and associated ...

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