After I published yesterday’s post on the arrest of prominent class action lawyer William H “Hugh” Sibley a reader sent me some court docs from Louisiana’s Eastern District that lent some needed context to why an otherwise highly successful class action lawyer would allegedly become mixed up with Mexican drug runners. The answer is simple – massive debts. Before I get to David Mitchell’s comprehensive article in today’s Advocate we’ll start with the court docs I was sent yesterday evening and Mr Sibley’s $1.3 million dollar unpaid debt to Harrah’s:
On February 2, 2004, this Court rendered a judgment in favor of Harrah’s and against William Hugh Sibley (“Sibley”) in the amount of $1,357,332.50, plus late fees $203,599.86 together with interest accruing from the date ofjudicial demand until paid, attorney’s fees in the amount of $8,775.92, and all costs of these proceedings, as fully set forth in the record of the captioned matter (the “Judgment”).
Harrah’s desires to re-examine Sibley upon all matters pertaining to assets and liabilities, estate or property, pursuant to Fed. R. Civ. P. 69(a) and La. Code ofCiv. Proc. Ann. art. 2451.
The time for appeal of this judgment has run, no appeal has been taken, and the judgment has not been satisfied.
To secure payment of the Judgment, Harrah’s perfected a UCC security interest in certain contingency fee agreements held by Sibley or The Sibley Law Firm in the following legal actions:
1. In Re: Bayou Sorrel Class Action, USDC, WDLA, Civil Action No.6:04CV1101;
2. Noretta Thomas and Demetrice Butler, each indiVidually, and on behalf of all others similarly situated versus A. Wilbert & Sons, 1.1. C. and XYZ Insurance Company, 18th IDC – Parish of Iberville, Suit No. 55,127 and all consolidated matters, Division B;
3. In Re: New Orleans Tank Care Leakage Fire Litigation, Civil District Court Parish of Orleans, Suit No. 02-13675;……
Harrahs was unable to collect from those legal settlements over the next 4 years when they took Mr Sibley back to court last year. Continue reading “The Advocate lends background on Hugh Sibley’s unshareable need”