SouthEast Waffles sues former CFO

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SouthEast Waffles sues former CFO

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Sunday, 02 May 2010 12:23

The bankruptcy estate has a limited liability company based in Nashville, waffles Southeast filed a lawsuit against Becky Sullivan, who served as chief financial officer even before the Waffle House operator collapsed in August 2008.

The lawsuit, filed in the embassy Davidson County Court a month and available to the past in this link, and a conclusion by the directors of the company disbanded now that the former CEO Jim Shaub was not responsible for financial irregularities that preceded the fall - in contrast to accusations made by the creditors during the year and a half years.

Waffle House franchise and Company and SunTrust Bank, all that is involved in the scheme Shaub 3.7 million check kiting, which helped to flood the restaurant company. Lawsuit against both SunTrust Shaub Sullivan and June last, and blamed each other in the responses provided to the lawsuit, which is still pending.

The new lawsuit, however, does not mention Shaub at all. This fact has raised her lawyer, Peter Strianse of Tune, Entrekin and White.

"It is ironic really," said Strianse. "He is the person who ends up with all the money, and then sue Becky Sullivan, did not get one cent out of any alleged activity going on in Southeast waffles. I'm disappointed they would choose to prosecute them and not include him in the lawsuit, since it provided assistance to the SunTrust Bank, South-East waffles. It makes no sense to me. "

The lawsuit Sullivan, of Brentwood, derived benefit from the exercise of slow sellers and the payment of the tax authorities, as well as the selection system, and it is still used by the company. It is seeking unspecified damages
.

Sullivan was not criminal charges. In the filing last November in the case of SunTrust, however, that the States Strianse "The office of the United States Attorney General for the Middle District of Tennessee and identified the defendant Sullivan as 'aim' to investigate bank fraud going by the Internal Revenue Service, Criminal Investigation Division, Office of Investigations Fed. "

Presented Bob Mendez, Batts Allison and Cheyanne Mahoney MGLaw complaint on behalf of the embassy waffles southeast. Can not be Mendes, who previously worked as an adviser to a committee of unsecured creditors of the company, arrived yesterday or today to comment on the lawsuit.

Southeast waffles in the process of reducing its affairs after Waffle House restaurants acquired through the bankruptcy court.

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