Supreme Court rules in hockey dispute
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.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Supreme Court rules in hockey dispute”
Top Posts & Pages
- PSC unanimously rejects Entergy-ITC proposed merger
- Company mulling plan to build new pipeline
- Omega Protein shifting vessels to Mississippi
- IKE TROTTER: There are primary changes in Social Security for 2014
- Conservator: Schools had too many employees
- Bankrupt Simply Wheelz chooses prevailing bidder for assets
- Study says state sacrificing billions of dollars, 20,000 jobs in refusing Medicaid expansion
- Mars Food to celebrate 35 years in Port City
- Council wants more info on proposed baseball stadium