Two quick updates on Benny Judah case - KCBD NewsChannel 11 Lubbock

10/11/09

Two quick updates on Benny Judah case

James Clark | email

LUBBOCK, TX (KCBD) - Benny Judah is the Lubbock man accused of making false statements to investors, causing them to lose up to $40 million dollars.  A court appointed a Receiver to seize Judah's assets, and it's his job to sell those assets to pay back as much money as possible to about 250 investors.   Judah's attorney are asking permission to be paid $60,000 from Receivership funds.   

Also, the Receiver asked for and got permission to sell Judah's stock in Plains Capital Bank, with an estimated value between $1.9 million and $2.2 million dollars. The sale will be in conjunction with Plains Capital Bank's initial public offering to maximize the value of the stock.

* Previously KCBD.com reported that the Receiver asked permission to pay Judah's attorneys.  It was actually Judah's attorneys who initiated the request. 

©2009 KCBD NewsChannel 11. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

7/12/09

Receiver says sell, don't keep Judah assets

A July 9th written statement from the Receiver says the best option is to sell Judhah's assets, not try to keep them.

  • Local News on KCBD.comNewsMore>>

  • AC/DC co-founder, guitarist Malcolm Young dies

    AC/DC co-founder, guitarist Malcolm Young dies

    Saturday, November 18 2017 10:26 AM EST2017-11-18 15:26:08 GMT
    Saturday, November 18 2017 10:49 AM EST2017-11-18 15:49:12 GMT

    Young co-founded the rock back with his brother in 1973. He stopped performing with AC/DC in 2014 after being diagnosed with dementia.

    Young co-founded the rock back with his brother in 1973. He stopped performing with AC/DC in 2014 after being diagnosed with dementia.

  • Trump campaign created own rules on sexual harassment

    Trump campaign created own rules on sexual harassment

    Saturday, November 18 2017 3:09 AM EST2017-11-18 08:09:31 GMT
    Saturday, November 18 2017 10:51 AM EST2017-11-18 15:51:46 GMT

    While allegations of sexual harassment topple the careers of some men, Trump moves ahead unscathed as he writes his own rules.

    While allegations of sexual harassment topple the careers of some men, Trump moves ahead unscathed as he writes his own rules.

  • Trump delays new policy on importing elephant parts

    Trump delays new policy on importing elephant parts

    Friday, November 17 2017 2:02 PM EST2017-11-17 19:02:57 GMT
    Saturday, November 18 2017 10:51 AM EST2017-11-18 15:51:35 GMT

    The top Republican on the House Foreign Affairs Committee says the Trump administration's decision to allow the importation of body parts from African elephants shot for sport is the "wrong move at the wrong time.".

    The top Republican on the House Foreign Affairs Committee says the Trump administration's decision to allow the importation of body parts from African elephants shot for sport is the "wrong move at the wrong time.".

Powered by Frankly