Supreme Court rules in hockey dispute


Published: April 13,2010

Tags: courts, lawsuit, sports

TUPELO — The Mississippi Supreme Court has ruled that several allegations in a lawsuit over an $850,000 debt related to the now-defunct Tupelo T-Rex hockey team should be reviewed by a Lee County judge.

The Supreme Court dismissed some claims by R.W. Whitaker and Monty Fletcher, saying the statute of limitations had run.

Justices, however, said issues remained to be disproved, despite their dismissal by a trial judge.

In 2001, negotiations began between William Kidd, managing director for Limeco Corp., and Whitaker and Fletcher to purchase the team.

At issue is whether Limeco Corp. and Kidd defrauded Whitaker and Fletcher by not repaying the money they loaned them.

Whitaker and Fletcher contended Kidd deceived them about the payback by saying Limeco had enough assets to pay back the $750,000 loan, if he couldn’t. Later, Kidd talked Whitaker into lending him another $100,000, according to the lawsuit.

The Supreme Court said questions of fact remained about allegedly fraudulent acts and when they were known to the plaintiffs.

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.

One Response to “Supreme Court rules in hockey dispute”

  1. Supreme Court rules in hockey dispute » Hockey101 Says:

    [...] Read more on Mississippi Business Journal [...]




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: