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Cornerstone Finance Company, Inc. v. Steve Standridge Insurance, Inc.
6:11-cv-06082
W.D. Ark.
Aug 9, 2012
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Docket
Case Information

{.JNI.T.f D $TA'I"ES DTSTRICT' {:OTJ RT FOR THN WN$TSRj\ PIST'I{ICT Uli ARKAN$AS ['lNAfiCn {jOMPAIi}'o INC. P I , A I N ' I ' I F F CORNURS'I'ONFl CASF: N0. 6:l l-cv-060112-R'I'D v .

S'f nVn $T;\N D Il,InG A f I\i$U ILAN Cli, I f\ {1.;

ID;lBE,L R An'lAN' INC.;

w0()t) l,utv"IBaR c0.. lNCl

SOU'I'Hf,AS]' MACHTNH OF INAB[:L. TI{C"I

cus't'OM l.,tivltillR w0RK, [NC.;

S'IUVE ST"AI'llRlDGS,I and I}fi:ITNNNAN'TS

rlAtiNY woOt) {r(}N$RNruguGMEll (As Ag*inst tdabcl Remanr lnc.: Wood l,umhcr Co". lnc.; and Danny Waod)

Now ;rcndir:rg llefarc this C]ourt is fhu rcquest lbr entry af'this {.'onsent .lutlgrncnt in flrvor of Plaintil'l'C'onrrrstonc liinance {)ornpan}r, Inc. ("Cornerst$ne") ancl against Separ:ate l)*Jcndaltl IbabelReman.lnc. ("[dabel"); Scparatc D*fbndantWnod LunrberC'o.,lnc. {"Wttod l.,umber'"); an<l I)anny Woud ("Wootl"). Afier full and clu* corrsitleration ol'the plcadings and cxhihils {ilecl h*rein, stitt*lnents antl representatives r:{'counssl" agreement of thc pitrties, a:rd other mattcrs of pro*f'and larv. this Court hercby F'lNDti and OlttltilRii as tirllor.vs: This Court. has jurisdiction over thc subjcct nlatter urcl parties of this action. Venue

1. is prope'r hefore this Court. Ccrner:st*nc antl ldabel. Wo*d Lurntrer. and Wood lravc agreed to entry o1'this

2. Consent -!urlgment. Iiurdrer. l-he parties stipulate ancl ugrcc thtf thc clcbt re{lected in tlris (lonserlt Judgrnent sh*ll bc non-discharge;rble. pilrsuant tc I I U.S.CI. $ 533 and other applicablc prrrvisitltts

* l - of the, []ankruptcy {]ode. in the evgrt that ldahel. Wooci l..umber, andiar Wood file li:r pr(}tcction tuncler the [Janknrptcy Cocle.

T'ttb.RI.:F'ORI|,IT lS C{)NSIDA:RIID, ORDER$D AND At}JtJD{;Htr} that Cornerstonc l" inancc Ciompany, Inc. is hereby grantsd in ytersonanr .iuclgmenl ilguinst hlabel l{r:tnan" lnc.; W*od Lunrber Co., lnc.; and l)alrny !Vootl,.irintly and severn.lly, in the amount o{'Onr; }'lundrcd }ilty'l"rvo 'l'housanti Four I'lunchccl fwerrty-Fivs ancl 04llOtJ Dollars ($ I 52,425.04), witlr interest itcct'uing ott the judgrrrent li'om and a{ler Octohcr ?6, 201 I, at a per dicm nc*rual ol"flrirly-l\inc anel tlli 100 Dr,rllars t53q.8l) until the judgrncnl is paicl in lirll, together rvith i*ll its costs iterein cxpcnelccl, inclr,rtling attonl*y's.i ltes in ths amount r:lf llifieen Thnr:snntl and {}0i l0{) l"}allars {$ 15,000.00), filirrg l'ee in the amount ol'S-l5t).00. nnd sei'vicc of process flees ot'$512.00. all o1'rvhiclt cxecution and garnislmrent nlay issuc.

IT IS F:UR'['Hf,R CONSIDERED" ORDEll.t:I), ANt) Al).tlJtlGHI) that thc parties stipulate and agrcc that ths deht reflectcrJ in this Clonsent "ludgmerrt slrall he non-dischargeablc, trlursu*nt to I I LI.S.(-:. $ 53.] mrd either applicable provisions o{'tlrc 13anknrptcy Coclc, irr tlre evcnt tlrnt lclabel, WoocJ Lumber, and"or Waod Ille Jbr protectioll uncler tltc Rankrtrptcy {lncle.

tT IS $'{,jRT'H []R C(}l\SIIXf RHI], ORI]ERE,D, ANI] At].f Li DCID that, as con$icleration o{'cntry o1'this Consent.luclgnrcnt. Cornerstone Finarrce Cornptny, lnc. hureby w$ives its rig}rts itr soek punitive clarnages against ldabel Reman. Inc.; Wood l,utnber Co., lrtc.; and Danny Wt:od.

I'l' l$i SQ OIttlHI{h,D ou tlris gfr ,lry ot' W-,2012 ,ffih, us DISTRIC'I coLIItl . ^ wESrdFN ffi;anrenses l . r \ . r r r \ _ t t r i ur\ r'r'!:D s'r'A'I"$ls Dtli'I'RIC'r' JIJD$F, AUG 0I 2012

CHRISR. JOHNSON, Clerk -?- Bv

DePutYCle*

APPROVIT} AI\iD EI{'TRY REQUHT|T'h]D ItY:

HOFKTNS I,AW FIRi\{

A Profsssional Association

Atttrrneys at l,aw

1000 West Seconcl Str:eet

I-itt.lc l{.ilck. AR 72201

wrvw. hopk i nslawfl rnr.conr 'l'ele phone: (501 ) 37.5- l5 I 7

Facunri$:,,tp0 l ; 375-02"3 1

L r/a i | : rchs,ts{cc I frr rhopkins I au' fl nn. cortr

/ r r l \ , ? e a ' i i

llv: i

\, RyaY.\{aststeel '\ Arkans&s }3ar No. ?$U7712

. , '

\ j

Stcw*rt lee

Arkansas Rar No. 2{}03091

I t n r n4's .fit r {) o r n ers tt.t n e l' i n un t' e t' o m p u n _\', I n t.:.

a

JIiFF POTTIi I,AW OPF{CT;

l 5 l 5 [ a s t O k m u l s e e

MLrskrigce. OF.7{-103- ': ' / \ i " 1

Rv: W' '' --- ----.'-*- - -frt-*-"' Jcff pp$s. t_sq.

' . . . , , , 1 . /

A tk)rile)'.fbr l)unn.v Wood ;

Idabel |lenwn, lnc:.; and l,t'oad Inmtte:r Co., Ine.:., I}ANNY WOOD

!'... ; \ t - #

jr,;i*i*'iuu* iLl'..t*,.'td

Danny lVoocl {

TDAS[,T, REMAN, INf:. {''t i..L: d'''r-.-,* i-.'. ,,.,$

lly,

Danny wofrT

Chief [,]xecutive Oflicer

\}'(X}D I,T]MBER CO.. IN(J.

Danny Wood

(llticf !,xccutive ()llice r

[4]

Case Details

Case Name: Cornerstone Finance Company, Inc. v. Steve Standridge Insurance, Inc.
Court Name: District Court, W.D. Arkansas
Date Published: Aug 9, 2012
Docket Number: 6:11-cv-06082
Court Abbreviation: W.D. Ark.
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