Mississippi Law Firm Loses Arbitration Bid in Timber Ponzi Case

Sept. 13, 2019, 6:14 PM

Butler Snow LLP and a related company can’t force arbitration in a dispute stemming from an $85 million timber Ponzi scheme, a federal judge in Mississippi said.

The Jackson, Miss.-based law firm sought to compel the court-appointed receiver to arbitrate claims related to the Madison Timber scam. But Butler Snow’s contract with the timber firm isn’t clear on arbitration, the U.S. District court for the Southern District of Mississippi said Sept 12.

Arthur Lamar Adams, who owned Madison Timber, hired the law firm and its advisory service to draft a private placement memorandum and pitch his purported timber rights company ...

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