Judge not entirely letting go of Beakley case - KCBD NewsChannel 11 Lubbock

Judge not entirely letting go of Beakley case

LUBBOCK, TX (KCBD) -

A federal judge in Lubbock refuses to completely let go of allegations against Lubbock businessman John W. Beakley.  Lawyers for and against the idea made their case Wednesday before U.S. District Judge Sam Cummings. 

While Cummings has put certain aspects of the case on hold, he was very clear that he's not giving up all jurisdiction.  Earlier this month Timothy Douglass and other Douglass family members sued Beakley, and accused him of investment fraud.  Other investors have come forward recently.

Cummings ordered a Receivership Trustee to confiscate Beakley's businesses which include no less than 71 Dairy Queen locations.  But Beakley filed for bankruptcy just prior to the appointment of a Receiver.  So, it is a bankruptcy judge in East Texas, not the Receiver who is overseeing Beakley's assets.

Beakley faces civil allegations, not criminal charges.

On Wednesday Beakley's lawyers requested that the Receiver be taken off the case entirely.  Cummings said no.  However, Cummings did unfreeze bank accounts of five Beakley family members including Dallas-based attorney Amy Beakley.

All Dairy Queen locations in the city of Lubbock are owned by Brady's Dairy Queen, Inc. and are not affiliated with Beakley's company.

Copyright 2012 KCBD. All rights reserved.

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