Merry Christmas | Arkansas Blog

Merry Christmas

by

5 comments

Jennings Osborne, the Christmas lights maestro and medical research magnate, filed a lawsuit today complaining that the buyers of his medical research facility hadn't paid him the amount expected in the deal. As I understand it, he got $20 million up front, but expected a further $10 million that was not forthcoming, the suit says.

Stephens financial interests were the purchasers.

I'll have a copy of the lawsuit after a while. He's been threatening the suit for a year or more. I expect his contention will be that his suggestions on operation of the business weren't followed and so results weren't up to expectations of the buyers.


Sign up for the Daily Update email

Comments (5)

Showing 1-5 of 5

Add a comment
 

Add a comment