Thursday, November 11, 2010

Partial Summary Judgement Granted

The judge ruled from the bench in yesterday's hearing, and granted the State's Motion for Partial Summary Judgment as to Count 5, in all respects.

He has ordered James Catledge to comply with the Consent Order to Cease and Desist and make the rescission payments of about $1.9 mil. He also awarded pre-judgment interest of over $400,000, and levied a penalty of $10,000 for failure to comply with the Cease and Desist order. The judge also awarded a money judgment to the State as a means to help the State collect the money. The judgment is for slightly over $2.4 mil.