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Top Lubbock Lights News

San Antonio, Texas · San AntonioSan Antonio-based attorneys helping Ferrum Capital victims recover money are concerned a group of companies are trying to move legal proceedings to Delaware – saying it would hurt victims’ recovery efforts. “I’m sure it causes the plaintiffs a sense of frustration. This is something that I told the plaintiffs a year-and-a-half – two years ago – would happen when we started getting warm. When we started honing in on where the money went. ‘There’l…Read Article
Attorneys trying to recover money in Ferrum cases concerned about legal processes moving to Delaware - Lubbock Lights

Lubbock · LubbockJoshua Allen’s attorney emphatically denied Allen did anything wrong when the limited partnership owning Walk-On’s Sports Bistreaux in Amarillo failed, leaving investors with nothing. Two of them claimed $3 million was diverted from the operation. Attorney Nick Olguin talked to Lubbock Lights the day after testimony was heard Monday in a Lubbock courtroom. Participants expect judge John Grace to issue a ruling in the next few weeks. Jeffrey Tait…Read Article
Josh Allen’s attorney defends him, saying no wrongdoing in Amarillo Walk-On’s, but former investor says otherwise - Lubbock Lights

FBI · LubbockMore bad news for people who put millions of dollars in Lubbock-based Ferrum Capital. Two companies tied to the FBI investigation of securities fraud in Lubbock and San Antonio filed for bankruptcy last week. Collins Asset Group and its parent company, Hollins Holdings, filed bankruptcy petitions in Delaware. (Collins is described in court records as a Delaware limited liability company.) Both petitions indicated, “After any administrative expen…Read Article