The owner of a DirecTV installation company must use his mother’s house, a life insurance policy and his 16-year-old Lexus as security for judgments totaling more than $10 million, a federal judge ruled Feb. 5 (Perez v. Bruister, 2016 BL 33363, S.D. Miss., 3:13-cv-01001-DPJ-FKB, 2/5/16).
The ruling was an attempt to balance the Department of Labor’s interest in collecting from defendant Herbert C. Bruister and the fact that his personal finances weren’t sufficient to pay all the debts he incurred through mismanaging his company’s employee stock ownership plan, the judge found.
Bruister’s dispute with the DOL stems ...
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