Friday, August 31, 2018

Landrum's Company Loses Case, Must Pay $157,043 to Fraud Victim in Chestnut Hills case

A David Landrum-owned company must pay a $157,043 judgment to Marguerite Black after a Special Chancellor ruled that Mr. Landrum committed fraud in placing restrictive covenants on land he did not own. 

Mr. Landrum owns Chestnut Developers, LLC.   Chestnut developed the Chestnut Hill subdivision in Madison County.  Lot sales were slow, so Mr. Landrum asked the Madison County Board of Supervisors to allow him to reduce the size of the lots in the subdivision.  Craig Realty objected since it owned several properties immediately adjacent to the subdivision.  Craig Realty is owned by Charles and Kenneth Craig. Craig withdrew its objections after Landrum agreed to place restrictive covenants on the lots bordering the Craig properties.   An agreement was signed and recorded at the courthouse on December 31, 2009.  

There is just one problem.  Chestnut (Landrum) said in the agreement that it owned Lot 55 in the subdivision and made the lot one of the properties subject to the new covenants.  Unfortunately for Craig, Marguerite Black actually owned Lot 55 since she purchased it from Chestnut Hill on December 18, 2007.  The deed was recorded at the courthouse as well.    Ms. Black sued Chestnut and Craig Realty and argued they had no right to place covenants on property they did not own.   She said the covenants placed a cloud upon her title.   Craig Realty said it did not know Black owned Lot 55 since it relied on "Chestnut's representation that it was the owner of Lot 55."  It filed a cross-claim against Chestnut and sued Chestnut's law firm, Adams & Reese. 

Special Chancellor ruled that Landrum committed fraud against Craig Realty.  He decreed that Craig Realty suffered a loss of $30,000 and entered a judgment for that amount against Chestnut.     He also awarded attorney's fees of $43,708 to Craig Realty.  The total judgment was $73,708.  However, there still remained Ms. Black, the original victim in this mess. 

He awarded damages of $30,000 to the plaintiff as well as attorneys' fees and litigation expenses.  The total judgement is $157.043.





32 comments:

Anonymous said...

The plaintiffs now have a judgment against a plaintiff who is hopelessly incapable of paying the judgment. File and wait for land sales.

Anonymous said...

This guy is a schister and that's being kind.

Anonymous said...

The Levingston Church people still want their road and sign back that Landrum stole.

Anonymous said...

I think that if Landrum got out of the way, the lots at CH would move quickly.

Anonymous said...

during his congressional campaign the little pretty boy landrum proudly proclaimed "IM NOT A LAWYER",,,,,, as if being a member of the bar was some sort of dread disease and inherently dishonest. well, just look at him now. found to have perpetrated and committed fraud in this case. landrum seems to be a graduate of the lamar adams school of land deals. you can bet landrum also drives a 90,000$ extend ended cab pickup festooned with stickers that say yeti, costa, saltlife and some sec university. for a guy that doesn't seem to trust members of the bar he sure surrounds himself with them. hes got more lawyers than he has 900$ yeti coolers. god must love little hyproctical punk-asses like him cause he makes so many of them.

Anonymous said...

10:46, I don't think highly of this guy, but dude, you need some help. That hate, I feel sure it's kept you back all these years. Even though you've never driven a nice vehicle or owned any thing other than a 3.99 styro cooler from McDades, you can have a good life and you can start by not hating folks that bad, even the Landrums among us.

Anonymous said...

Errybody gets paid!

Just as soon as there is some money!

Anonymous said...

New MB Airstream RVs can retail at ~$200k

RVs are a terrible deal.

Best to rent one for a trip....spend $5-10k on it....have fun....and be done with it.

Anonymous said...

I hate lawyers just as much as anyone else, but the entire Livingston development is a prime example of how using a competent lawyer to review and advise on business matters can save your @$$, or conversely, how shooting first and asking questions later is usually a bad idea. This is especially true when dealing with complex transactions and parties in different states.

Anonymous said...

By the way, the claim against Adams and Reese was dismissed.

Anonymous said...

Is he still involved with that pyramid scheme bidness or no?

Anonymous said...

@anonymous the pyramid scheme, that I believe you are referring to is traded on the NYSE. It is traded under PRI ticker. It has gone from a low share value @ $15 I believe. to $122.5
You would be lucky to have it in your 401(k)

Anonymous said...

9:28 - Doesn't change the fact that it's a pyramid scheme. However, the question was....IS he still involved in it?

Anonymous said...

928, yes it's still a pyramid scheme and he's still a shysterical and a liar. And not a good liar at that. His antics in the Congressional race a decade ago showed him for what he was, and is - a lying SOB that will do anything as long as it helps him stay afloat. Including hiding behind a dickhead like Dale Danks as his mouthpiece to spread his lies trying to give them the aura of truth.

This crap with trying to pUT a covenant on land he didn't own is like him trying to claim someone else's vote and signature as being his and his wife's - without realizing that there is the little problem of 'documentation' in both instances that will come back and bite you in the arse.

But when you live the "Life of the Rich and Famous" you evidently think you are above the truth ever getting found out. But again - as it did in 2008, the lying SOB got caught.

Anonymous said...

to 11:o8am...thats not hate, thats the truth. mistime the truth aint pretty. maybe you ought to strap that on,

Anonymous said...

to 11;08.... ahhhhhh the hate police have arrived. a snowflake that can do an online psychoanalysis of a anonymous person and then make everything warm and fuzzy. warning!!!!2:53 pm says he hates lawyers,,, better get over there and advise him not to do that, or maybe you make exceptions for lawyer hate? by the way i own a home in mississippi, a vacation home in the carribbean , drive a toyotalandcruiser and have a coleman cooler. and its all paid for.

Anonymous said...

im one of those lawyers who 2;53 pm hates. been at it 30 years. dealt with alot of fraud and fraudsters. there are 2 types of fraud. civil fraud , which is the case here, and criminal fraud , proof of which requires additional elements and a higher border of proof. landrum is a fraudster, and every fraudster worth his yeti coolers will know just how far the can perpetrate a fraud without entering into the realm of criminal fraud. they know where the line is and just how far they can go. im not saying landrun is not smart. he managed to keep this in the realm of civil fraud and no one goes to jail for that. tell me 2:35, do you even hate those, as you say "competent" lawyers??

Anonymous said...

10:57 am gets it right. most of this readership cant even remember what a fool landrum made of himself back in 2008.

Anonymous said...

11:37 Yep, if he crossed "that line", he'd achieve Dickie Scruggs status.

Anonymous said...

12:00 - On a scale of 10% to 90%, how does it compare with the fool he's made of himself in the past two years?

Anonymous said...

to 11:08 ,,,, you must be a newbie here on JJ. IF you dont have a thick skin i suggest you stay off this site.

Anonymous said...

What’s the status of the case with his California investors suing him for $1 million on some high interest note ? He just bought a house in Annandale and drives a Mercedes. He appears affluent.

Duke of Earl said...

"This guy is a schister and that's being kind."

Is that worse than, better than or the same as a shyster?

Anonymous said...

Appearances are deceiving.

Wilhelm Bee MacHennery said...

"He just bought a house in Annandale...."

With whose money?

Anonymous said...

Dale Danks is his lawyer? What happened to Andy Clark? Or does Andy just handle the light-weight stuff like removing rock piles and hiding church signs?

Anonymous said...

Hilarious reading all these comments on here from the perfect citizens of our great state as they bash Landrum and his business. Regardless of his real estate mess, none of you have A CLUE about his business and the credibility of Primerica.

Anonymous said...

And another shill for Primerica steps up to the plate, takes a swing and misses. Landrum, over the years, has cultivated quite a following of young boys who have fallen head over heels for his bullshit. Every one of them has pushed him further toward the top of the pyramid and they don't even realize it.

And the one opining at 5:33 has no CLUE as to the number of lawsuits his mentor is involved in (as a defendant).

Anonymous said...

to sept 03, @5:33pm...... oh we got a clue alright. we read it right here on jackson jambalaya and have watched his pretty boy self on tv. tell me , if the guy is so great at running a company why was he running for congress back in 2008? ifs so successful in the private sector why does he want to go into politics? this is a guy who apparently cant even run his own life, but back in 2008 he wanted to go to washington and try to run yours. come on 5:33, lets hear some more excuses. they are very funny.


Anonymous said...

Aug 31 10:46 / Sept 4 9:04, you're very hung up on Mr. Landrum being "pretty". And your argument on why he would want to run for office while running a business doesn't make a bit of sense. Countless businessmen, including your former Guv Fordice and current Pres Trump have run on the platform of not being a politician. Take your jealous, petty, backwoods self somewhere else.

Anonymous said...

to 1:08pm..... fordice an trump were never and have never been adjudicated to be liable for civil fraud either. put that one in you yeti cooler and drink it.

Anonymous said...

to sept 4 ,2018 at 1:08pm......... 5:25pm just delivered you a message from the backwoods. the truth hurts dont it?

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