Money Tree Execs Owe $3M Damages To Creditors, Jury Says

Law360, Los Angeles (October 26, 2016, 9:00 PM EDT) -- A Georgia federal jury on Wednesday awarded creditors of defunct payday lender Money Tree Inc. more than $3 million in actual and punitive damages, finding that relatives of the company’s late founder and its former chairman did not act in the best interests of the creditors.

After a three-week trial and nearly two days of deliberations, the jury determined that the estate of Money Tree founder Vance “Rudy” Martin, his two sons who served as company directors, and former Money Tree chairman Bradley D. Bellville breached...
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