Pike County Circuit Judge David Strong ordered forestry consultant Jeff Taylor to pay Ridgway Management $306,747 by July 9 yesterday. Ridgway accused Taylor of pocketing the money it was owed under a timber harvesting contract.
New South contracted with Ridgeway to harvest timber on Ridgeway's properties in Simpson and Rankin counties. The contract stated Taylor would act as Ridgeway's agent in handling payments and weekly settlement records for all timber cut each week.
New South paid Taylor but Taylor did not pay Ridgway. New South provided a list of checks that added up to $329,835 and were paid to Taylor. However, Ridgway claimed New South was supposed to send the payments directly to Ridgway, hence its inclusion as a defendant.
Ridgeway Management sued New South Logging, Jeff Taylor, and Taylor Forestry on March 14, in Pike County Circuit Court for $329,835. The complaint charged the defendants with breach of contract. Taylor and his company are charged with unjust enrichment and breach of fiduciary duty.
Taylor never responded to the complaint. Ridgway asked for a temporary restraining order. Circuit Judge David Strong approved the motion and ordered Taylor to deposit the funds with the Court by April 20. April 20 came and went yet no funds were remitted to the Court. The plaintiff filed a motion for a default judgment on May 31 although it has not filed a motion for contempt of court. Judge Strong will hold a hearing on the motion on June 24. Phelps Dunbar attorneys James Shelson and Nash Gilmore represent Ridgway.9. In return for the first timber purchase, Taylor reimbursed Jones $85,000 of the $ 100,000. Taylor subsequently wrote Jones a check for $53,000 owed by Taylor to Jones for the first timber purchase and a return on the investment, but that check was returned by the bank for insufficient funds. Taylor still owes Jones not less than $53,000 in connection with the first timber purchase. I0. In return for the second timber purchase, Taylor has not paid Jones any amount or money, and Taylor still owes Jones the full promised amount of $140,000. Taylor has failed to pay Jones any of that amount. Jones claims Taylor owes him $193,000 under the timber harvesting agreements. There is also the matter of the land improvements contract.The plaintiff loaned the defendant $400,000 to buy two parcels that would be improved. Taylor agreed to repay Jones $400,000 and a $60,000 return on the investment. However, Taylor allegedly has not paid Jones any money under this agreement. The complaint charges the defendants with breach of contract, conversion, unjust enrichment, and promissory estoppel. Brunini attorneys Cody Bailey and Hunter Ransom represent the plaintiff. The case is assigned to Circuit Judge Michael Taylor.
13 comments:
Bankruptcy filing by the timber pimp in 3,2,1.
BOOM!
Taylor is a bold mo fo for not paying another man that kind of money! If this is true Taylor is in for an ass whooping pluse interest on my money!
I would really want to know his excuse cause I want to copyright it!!!
I know one company that he asked a $50,000 advance on timber - buyer went to look at timber and it was already being cut by another company Taylor had sold timber too. Another one Taylor called a timber buyer about another $50,000 advance so buyer called company he knew normally worked with Taylor in the area - the other but said he gave Taylor $50,000 the week before
the plaintiff will be lucky if he get so much as his costa sunglasses , the yeti cooler full go mic ultra and his SEC class ring.
that 100,000$ tuck has 125,000$owed on it.
proof yet again dont give the SEC PRETTY BOYS instant credibility.
He has a big boat at Orange Beach and think house on Onio Island
Attn 5:54 PM. He “had this orange beach property “. By the way it is not “Onio” island. I know because Snake Stabler used to live there.
Maybe he can share a cell with Lamar Adams. By the way, has anyone on these blogs been in touch with Lamar?
Attn 5:54 who ?
I have no doubt that all of these ill gotten gains are sitting in an interest bearing account readily available for repayment.
What a tragedy for those poor timber owners. One father with twin daughters was forced to have them share a Mercedes.
If this keeps up, a RINO donor in the future may not be able to rent an estate to a Dem POTUS.
You don't know the suffering our timber barons have gone through lately. Just like the other scandal.
Get on this, AG!!
Lamar Adams applied for early release - denied.
Mississippi Basic Skills Tests for Timber Owners:
TEST READS:
M R timber pimps
M R not
O S A R
C M M T pockets?
L I B! M R timber pimps!
TIMBER OWNER SHOULD COMPREHEND FOLLOWING TO PASS TEST:
Them Are timber pimps
Them Are not
Oh Yes They Are
See Them Empty Pockets?
Well I'll Be! Them Are timber pimps!
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