Wednesday, August 17, 2011

Verdicts & Settlements May 8, 2011: Bank agrees to pay $5.5M to


First Community Bank leader Jack Fields described Tim Crede as creative, artistic and competent. He liked Crede and his stonecutting business, which Crede started in the 1970s with a wheelbarrow and a shovel.


Court: Jackson County Circuit Court at IndependenceInsurer: Zurich American"So Goes My Love" (Warner Archive, 1946, b/w, $19.95).The settlement includes $5.2 million in cash and $300,000 in loan forgiveness, Edgar said. It doesn't otherwise specify how much each of the defendants will pay.Extras: full frame, in Italian with English subtitles, audio commentary, trailerFor over 50 years, Christian Children's Fund of Canada has helped children and families of all faiths break the cycle of extreme poverty around the world."Shoeshine" (eOne, 1946, b/w, $29.98). An early example of European neo-realism, this stark drama is about two young boys in post-war Rome, struggling to earn money so they can buy a horse. On the streets, they shine shoes of American soldiers, until, anxious to build up their savings, they fall in with crooks and are framed for a burglary they did not commit."The Squall" features 24-year-old Loy at her sexiest as Nubi, a man-eating Gypsy who worms her way into the home of a prominent family as a servant, then seduces all the men just for the fun of it. Stilted early sound picture gives Loretta Young and Loy billing after Alice Joyce (who?). Fun to watch two big stars so early in their careers."For Tim Crede -- stone is his life; machines are his life," Edgar said. "Had he known that, he wouldn't have had anything to do with it."Case Number/Date: 0916-CV29993/April 21, 2011In late spring 2008, Knehans told Crede it would be difficult for the bank to finance more of the move."Jack Fields told [Crede] we want all your business ... we'll be there for you to grow," Edgar said.Extras: widescreen, in Spanish with English subtitles, audio commentary (with Benacerraf), short 1953 film: "Reveron" (which also has a Benacerraf commentary), featurettes, trailer; DVD-Rom applicationsChristian Children's Fund of Canada offers a wide variety of life changing gifts in their gift catalogue. With gifts starting at $15, grateful Canadian children can show their moms they care this year by purchasing gifts like vegetable seed kits, blankets, fruit trees, fuel efficient cooking stoves, and livestock - items essential to help a mother living in extreme poverty care for her own children.Special damages: $300,000 in loan forgivenessThe move hadn't come up at the time Fields wrote his memo to Knehans, Edgar said. But if the bankers had told Crede what they said in the memo, he wouldn't have tried to move, Edgar said.While many mothers acknowledge that any gift from their children is appreciated, the survey also showed that forgetting to acknowledge Mother's Day or giving gifts that required little or no thought was the biggest blunder.


An alternative to trinkets and expensive items mothers won't use is to honour mothers with a donation to charity. In fact, eight out of ten (80%) mothers polled said they'd be 'pleased' if someone bought them a gift in their name from a charitable gift catalogue for Mother's Day.In a December deposition, Fields said he "may have" told Crede he was interested in financing his company's growth.Sullivan, of Stinson Morrison Hecker's Kansas City office, declined further comment. Through an assistant, the two executives' attorney, J.D. Baker, referred questions to Sullivan. Baker is an attorney with the Baker Law Firm in Osceola."My clients rejected the plaintiffs' allegations and believed that all commitments made to them were honored," defense attorney Kent Sullivan said, reading a prepared statement. "However, in consultation with their insurance company, my clients concluded that their interests were best-served by settling this matter to avoid the expense and risk of continued litigation."Shortly after the email was sent, Crede spotted a Kerr Orchards complex for sale while driving near Lexington. The facility was "the size of four football fields," big enough for Crede to put all his equipment inside, which would end the production delays Crede faced due to weather at the Oak Grove facility, where much of his equipment is outside, Edgar said.Caption: Tim J. Crede d/b/a Missouri Ledge and Deborah Crede d/b/ a Missouri Ledge v. First Community Bank, Jack T. Fields and Don KnehansPlaintiffs' Attorneys: John M. Edgar, David W. Edgar and Anthony E. LaCroix, Edgar Law Firm, Kansas CityThe bank and executives last month agreed to settle the lawsuit for $5.5 million, an amount that will keep Missouri Ledge running and allow it to finish its expansion and move to buildings in Lexington, said Crede's attorney, John M. Edgar, of the Edgar Law Firm in Kansas City.For more information about the survey or CCFC's Gift Catalogue options for Mother's Day, visit www.ccfcanada.ca or call 1-800-263-5437.The day after the visit, Fields sent an email to Knehans saying he should tell Crede to find a potential backup for his real estate loan, although Fields liked Crede and Knehans liked Crede's numbers.Extras: full frameThis is the only feature by Venezuelan filmmaker Margot Benacerraf, who also made two shorts (her first, a documentary on Venezuelan painter "Reveron," is also here). And among the bonus features are three featurettes on Benacerraf, including a 2007 update of Araya, as she revisits the area she filmed in 1957 and observes the mechanization that is now in place."Sorry if we can't see the value of rocks and rock equipment. He is a good man!"Defendants' Attorneys: Kent Sullivan, Stinson Morrison Hecker, Kansas City; J.D. Baker, Baker Law Firm, Osceola; Jeffery L. Dull, Dull & Lowe, Clinton

Defendants' Attorneys: Kent Sullivan, Stinson Morrison Hecker, Kansas City; J.D. Baker, Baker Law Firm, Osceola; Jeffery L. Dull, Dull & Lowe, Clinton




Author: Heather Cole


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