A civil trial involving Chattanooga businessman Allen Casey, who is facing a lawsuit from investors related to downtown riverfront property, was delayed today.
Casey didn’t show up for the case in Hamilton County Chancery Court and attorneys met with Chancellor W. Frank Brown in his chambers for about 20 minutes.
Gary Patrick, an attorney for the investors, said after the meeting that the issues in the case are expected to be heard at a later date.
On Monday, a Casey company, River City Resort, sought Chapter 11 bankruptcy protection. At a hearing Tuesday in U.S. Bankruptcy Court in Chattanooga, Patrick accused Casey of taking up to $7 million from deals involving the riverfront property for which there is no accounting.
Casey, in court papers, has denied wrongdoing.
The property sits across the Tennessee River from the Tennessee Aquarium. A controversial barge is moored to the site.
See more in Thursday’s Times Free Press.
Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...
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