Thursday, August 27, 2015
Bankruptcy trustee seeks info on shell company that bought Joplin Coca-Cola building
In documents filed Friday in U. S. Bankruptcy Court for the Southern District of Texas, the Diamond McCarthy law firm of Houstin, representing trustee Rodney Tow, asked that Judge Jeff Bohm order former Wallace-Bajjali President Bill Ewing to turn over the documents for Virginia Acqusitions, a limited liability company formed by Wallace-Bajjali for the express purpose of buying the Coca-Cola building at 1301 Virginia Avenue. The court documents indicate Ewing is a 50 percent owner of Virginia Acquisitions.
After Wallace reached out to Ewing in a July 15 e-mail, Richard Walters, with the Springfield law firm of Spencer Fane, which served as the registered agent for Virginia Acquisitions told the trustee on July 23 that he had searched his records located the following items:
Articles of Organization – Virginia Acquisitions, LLC (signed and filed with the Missouri Secretary of State)
Operating Agreement - Virginia Acquisitions, LLC (signed by the members).
Employer Identification Number issued by the Internal Revenue Service.
Real Estate Purchase Agreement between Virginia Acquisitions, LLC, as Seller, and the Trustee of the Cynthia D. Neal Trust, as Buyer (draft form only).
E-mail from Bruce Anderson to our Firm requesting the formation of Virginia Acquisitions, LLC.
(Note: Anderson was Wallace-Bajjali's finance director and is currently suing Wallace and Costa Bajjali in Jasper County Circuit Court for breach of contract.)
As of August 20, the trustee had not received the Virginia Acquisitions documents.
The Coca-Cola building was the only property Wallace-Bajjali ever purchased from the Joplin Redevelopment Corporation.
The hearing on the motion to compel documents is scheduled for 10 a.m. Friday.