Judge weighing imposition of $3.1 million ruling


LOUISVILLE, Ky. (AP) — A federal bankruptcy judge is weighing whether to reinstate a $3.1 million judgment against a Kentucky businessman and disbarred attorney after finding the pair used fraud to take control of a tool and machine fabricating business.

U.S. Bankruptcy Judge Joan Lloyd in Louisville is weighing objections from businessman Randall Scott Waldman and several companies to the damages being awarded to businessman Ronald B. Stone. Lloyd also sanctioned disbarred attorney Bruce Atherton of Louisville.

Lloyd's decision to reinstate damages comes two months after the U.S. 6th Circuit Court of Appeals overturned a similar decision, finding that Lloyd overstepped her bounds. The appeals court ordered Lloyd to issue a finding of facts and legal conclusions to back up the damage award.

A hearing is set for Jan. 8 in Louisville.

View article comments Leave a comment