The Lawsuits Thread

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justintime
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Re: The Lawsuits Thread

Unread postby justintime » Mon Jan 16, 2017 2:47 pm

tocnavforjd wrote:Brunasouzota wrote
Johnny lost his castle? Someone can clarify it to me, please?

No - this is just a warning that the castle could go into foreclosure. He still has time to make the required payment.


I think the "castle" - JD's primary residence - was going to be foreclosed upon on January 14th, but the filing of the lawsuit at the eleventh hour on the 13th (after the divorce was finalized), may have temporarily stalled TMG's ability to proceed. Timing is everything, eh?
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SnoopyDances
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Re: The Lawsuits Thread

Unread postby SnoopyDances » Mon Jan 16, 2017 4:23 pm

For those that may not be familiar with a foreclosure process, here is an explanation.
► Show Spoiler


What I think is happening in Johnny's case may be that TMG has used the "castle" as collateral on various loans (now in question), eventually putting the "castle" at risk for foreclosure when loans were not repaid. TMG is claiming that they lent Johnny $5m to pay off defaulted loans and now Johnny "owes" them the $5m, threatening to foreclose on the property if not paid (not sure if a bank is foreclosing or if TMG is forcing a foreclosure). I think Johnny filed the lawsuit to stall the foreclosure and not pay TMG any more money. His team is probably trying to work out payment plans with a bank or re-secure the property from TMG, if they hold a lien on it.
He could also be avoiding a bankruptcy filing, but that may become necessary at some point.

Just my opinion...I could be interpreting things incorrectly.

justintime
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Re: The Lawsuits Thread

Unread postby justintime » Mon Jan 16, 2017 5:12 pm

shaman-art wrote:Read the whole drama here:


I believe you're right, Snoopy-Dances. I think the lawsuit was filed when it was as an effort to stall the foreclosure.

But what a travesty on TMG's part! If you haven't already, you might want to go to shaman-art's link shown above and read part G, pp.19 through 21, paragraphs 72 through 84. Be sure you're sitting down and be ready for sharp intakes of breath. This firm is duplicitous beyond belief - and this is just one of their twisted, underhanded, but extremely slick, maneuvers. Johnny didn't stand a chance unless he'd had independent second and third parties auditing TMG's records (nonexistent, as it turns out) from 1999 - on.
"Stay low." ~ JD
"I don't like it in here . . . it's terribly crowded." ~ Hatter
"There's something about Johnny that breaks your heart." ~ John Logan, ST
"Tear deeper, Mother." ~ Wilmot

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brunasouzota
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Re: The Lawsuits Thread

Unread postby brunasouzota » Mon Jan 16, 2017 5:46 pm

justintime wrote:
tocnavforjd wrote:Brunasouzota wrote
Johnny lost his castle? Someone can clarify it to me, please?

No - this is just a warning that the castle could go into foreclosure. He still has time to make the required payment.


I think the "castle" - JD's primary residence - was going to be foreclosed upon on January 14th, but the filing of the lawsuit at the eleventh hour on the 13th (after the divorce was finalized), may have temporarily stalled TMG's ability to proceed. Timing is everything, eh?


:thanks: tocnavforjd and justintime. :bluedaisy: :daisy: :lilyrose:
:heart4: Johnny is my life forever. :kiss: :hug2: :twohearts:

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Theresa
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Re: The Lawsuits Thread

Unread postby Theresa » Mon Jan 16, 2017 6:00 pm

SnoopyDances wrote:Thanks Shaman Art for the document. I browsed through most of it...but the amount lost vs. the amount asked for is curious.
He is only asking for "at least" $25m in damages, yet the suit alleges a much larger amount in losses, loans, properties, and fees.I wonder why he isn't seeking more in damages? You can ask for any amount you want and might get less, but if you ask for less, you rarely get more.

Also, I find it interesting that he is seeking a trial by jury. I wouldn't think he would want a lot of the details made public and the media circus that would surely follow every sordid moment. Of course, trial by jury is often used as a bargaining tool by lawyers to prompt a quicker settlement without going through court or a trial. I'm sure TMG doesn't want a lot of things detailed in a media circus, either. Maybe the plan here is to prompt a quick settlement without acknowledging any wrongdoing by either party.

I was just reading the document, Snoopy. Johnny IS asking for more than the $25 million. If you scroll down to page 42 of the complaint, article 173 (I've taken a snapshot of the article), you'll see he's not only filing for the $25 million, but also for all fees and contingent fees (the 5% of gross earnings that TMG took--some $28 million) AND interest on those fees.

Click for full-size
Image

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SnoopyDances
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Re: The Lawsuits Thread

Unread postby SnoopyDances » Mon Jan 16, 2017 7:13 pm

:ok:

That makes more sense.
I was going by the earlier articles.

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Joni
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Re: The Lawsuits Thread

Unread postby Joni » Mon Jan 16, 2017 7:21 pm

Also in the document, I have seen it referred to in excess of $25 million, and also $25+ million.

Also, on the bottom of page 43 and top of page 44 of the document, you can see exactly what Johnny is asking for, and it is well over $25 million. (See PRAYER FOR RELIEF)

His lawyers could not put a specific monetary value to it because the amount is to be determined according to proof at trial.
He has a way of huddling down under his hat and his totems. But when the camera was on him he kind of beamed Johnny out. It was striking, like one of those magic powers in those hobbit movies.
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Theresa
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Re: The Lawsuits Thread

Unread postby Theresa » Mon Jan 16, 2017 7:33 pm

Joni wrote:Also in the document, I have seen it referred to in excess of $25 million, and also $25+ million.

Also, on the bottom of page 43 and top of page 44 of the document, you can see exactly what Johnny is asking for, and it is well over $25 million. (See PRAYER FOR RELIEF)

His lawyers could not put a specific monetary value to it because the amount is to be determined according to proof at trial.

Not only that, but from what I can tell from reading the complaint, his new management company is still trying to uncover and unravel the level of fraud and, well, theft...that his former company did.

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Joni
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Re: The Lawsuits Thread

Unread postby Joni » Mon Jan 16, 2017 7:47 pm

Theresa wrote:
Joni wrote:Also in the document, I have seen it referred to in excess of $25 million, and also $25+ million.

Also, on the bottom of page 43 and top of page 44 of the document, you can see exactly what Johnny is asking for, and it is well over $25 million. (See PRAYER FOR RELIEF)

His lawyers could not put a specific monetary value to it because the amount is to be determined according to proof at trial.

Not only that, but from what I can tell from reading the complaint, his new management company is still trying to uncover and unravel the level of fraud and, well, theft...that his former company did.


Yes, exactly.
He has a way of huddling down under his hat and his totems. But when the camera was on him he kind of beamed Johnny out. It was striking, like one of those magic powers in those hobbit movies.
~John H. Richardson

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ibbi 3
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Re: The Lawsuits Thread

Unread postby ibbi 3 » Mon Jan 16, 2017 8:22 pm

It's very sad if he should lose the castle - and the island. Hopefully it doesn't come to that. :-/
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ForeverYoung
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Re: The Lawsuits Thread

Unread postby ForeverYoung » Tue Jan 17, 2017 12:12 am

There are people who have not yet been named that may have been involved in business deals with the former business associates.
“Growing old is unavoidable, but never growing up is possible."

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JustWineandDinner
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Re: The Lawsuits Thread

Unread postby JustWineandDinner » Tue Jan 17, 2017 11:34 am

It seems strange to me that given that type of business...with that much money on the line....in that town...why would anyone rely on an "oral agreement "? Is this typical in this business? All I can say is that I wish him the best. He deserves some peace.
"I'm feeling a bit sullied and unusual."

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brunasouzota
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Re: The Lawsuits Thread

Unread postby brunasouzota » Tue Jan 17, 2017 11:39 am

ibbi 3 wrote:It's very sad if he should lose the castle - and the island. Hopefully it doesn't come to that. :-/


Is the island also in Pre-Foreclosure? :perplexed2:
:heart4: Johnny is my life forever. :kiss: :hug2: :twohearts:

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Theresa
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Re: The Lawsuits Thread

Unread postby Theresa » Tue Jan 17, 2017 11:43 am

brunasouzota wrote:
ibbi 3 wrote:It's very sad if he should lose the castle - and the island. Hopefully it doesn't come to that. :-/


Is the island also in Pre-Foreclosure? :perplexed2:

No, only his main residence (and possibly some of his other houses on the same street)

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brunasouzota
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Re: The Lawsuits Thread

Unread postby brunasouzota » Tue Jan 17, 2017 11:50 am

ForeverYoung wrote:There are people who have not yet been named that may have been involved in business deals with the former business associates.


No names there, but this is not difficult to us imagine. :facepalm: :grr:

Theresa wrote:
brunasouzota wrote:
ibbi 3 wrote:It's very sad if he should lose the castle - and the island. Hopefully it doesn't come to that. :-/


Is the island also in Pre-Foreclosure? :perplexed2:

No, only his main residence (and possibly some of his other houses on the same street)


:thanks: Theresa :flower2:
:heart4: Johnny is my life forever. :kiss: :hug2: :twohearts:


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