Merry Christmas | Arkansas Blog

Friday, October 10, 2008

Merry Christmas

Posted By on Fri, Oct 10, 2008 at 4:55 PM

Jennings Osborne, the Christmas lights maestro and medical research magnate, filed a lawsuit today complaining that the buyers of his medical research facility hadn't paid him the amount expected in the deal. As I understand it, he got $20 million up front, but expected a further $10 million that was not forthcoming, the suit says.

Stephens financial interests were the purchasers.

I'll have a copy of the lawsuit after a while. He's been threatening the suit for a year or more. I expect his contention will be that his suggestions on operation of the business weren't followed and so results weren't up to expectations of the buyers.

From the ArkTimes store

Favorite

Comments (5)

Showing 1-5 of 5

Add a comment

 
Subscribe to this thread:
Showing 1-5 of 5

Add a comment

More by Max Brantley

Readers also liked…

  • Judge anticipates punishment of lawyers in Fort Smith class action case

    Federal Judge P.K. Holmes of Fort Smith issued a 32-page ruling yesterday indicating he contemplates punishment of 16 lawyers who moved a class action lawsuit against an insurance company out of his court to a state court in Polk County after a settlement had been worked out.
    • Apr 15, 2016
  • UPDATE: Hutchinson moves to cover himself on cut to War Memorial Stadium

    Gov. Asa Hutchinson apparently felt the burn from KARK's exclusive Tuesday night on his plans to cut state support of War Memorial Stadium in half beginning July 1, 2018. He has a so-far secret plan to make the stadium self-sustaining. We bet that doesn't include state support.
    • Oct 20, 2016
  • LR speakers blast state board for double standard

    A series of speakers, beginning with Sen. Joyce Elliott, denounced what they saw as a hidden agenda favoring charter schools at the state Department of Education and asked the state Board of Education for return of local control.
    • May 12, 2016

Most Shared

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation