Business , Legal

Nov. 15 hearing scheduled in lawsuits against former Osage LLC management

In the ongoing litigation against the former Osage Limited Liability Company CEO and business associates, the Osage Nation is requesting a $1 million default judgment against one business group named as defendants in the first case. 

The motion is now subject to a Nov. 15 hearing in the Osage County District Court case against former LLC CEO Carol Leese and various business associates including those referred to as the “New Market defendants,” subject to the $1 million default judgment motion made by attorneys representing the Nation in this case.

Three separate cases are pending against Leese after an investigation of the former LLC operations turned up activities that investigating attorneys, with the support of ON government officials, believed warranted legal action.

In the default judgment motion against certain defendants filed on Oct. 4, attorneys Amanda Proctor and David Jorgenson argue the New Market defendants had not taken any actions as prescribed in a previous court order and therefore, the court should enter a judgment against the New Market defendants.  

The New Market defendants named in the motion are New Market Technology Fund I, LLC; New Market Technology Fund LLC; TeraDact Solutions, LLC; Howard C. Hill and Christopher K. Schrichte. 

The other defendants not subject to the Nation’s default judgment filing are Leese, Yancy Red Corn and Betsy Brown of Red Eagle Feather Distributing LLC.

Also on Nov. 15, the court will also consider a motion for summary judgment against the Nation filed in the second separate LLC-related case against Leese. That case involves a 2010 investment with now-defunct EquityStation.

Pansy Moore-Shrier, a Tulsa attorney representing Leese, filed the Sept. 22 motion seeking a summary judgment against the Nation arguing the Nation has no standing to sue in the case.

Leese resigned as CEO in March 2014 and the LLC subsidiaries created under Leese’s management eventually ceased and those business activities also were investigated by Proctor and other attorneys after the Standing Bear administration took office in July 2014.