Graves motel lawsuit in question

photo U.S. Rep. Tom Graves.

A federal agency will decide whether to pursue a lawsuit against a North Georgia congressman after it took over the bank that had sued the legislator, claiming he defaulted on a loan.

A spokesman for the Federal Deposit Insurance Corp. said Tuesday that the agency will decide in the next 30 to 60 days whether to pursue the lawsuit originally filed by Bartow County Bank against U.S. Rep. Tom Graves, a Republican, and state Sen. Chip Rogers, R-Woodstock.

The suit, filed in January 2010, alleges that a motel and hospitality company that Graves and Rogers ran defaulted on a loan for $2.25 million. It also claims that Graves moved some of his property to a trust to make it more difficult for the bank to collect.

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