Printer Friendly

Looking Back.

Those payments stem from a 1997 settlement agreement the last time Imperato dragged Wallace to court over unpaid debt associated with the Iver Johnson Arms deal.

In that dispute, Imperato forced the once high-profile lawyer and businessman to sell his interest in four real estate investments to pay off part of a $1.1 million settlement agreement dating back to 1994.

Imperato also sold Wallace's Mercedes convertible after U.S. marshals seized it as part of his collection on the bad debt.

Marshals also confiscated Wallace's expensive office furnishings as part of the court-ordered collection effort. Imperato later returned the furniture to get Wallace to sign another settlement agreement, now in dispute.
COPYRIGHT 1999 Journal Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Arkansas Business
Article Type:Brief Article
Geographic Code:1U7AR
Date:Dec 6, 1999
Previous Article:Imperato Returns.
Next Article:Just For Feet Not Walking Away.

Related Articles
NET Gain.
On Looking Back.
From Dr. Janice Campbell. (Letters to the Editor).
NYSCC newsletter looks for contributors.
Two steps forward, one step back.
Terror in the Skies: Why 9/11 Could Happen Again.
Whole language teaching, whole-hearted practice; looking back, looking forward.
Economics and the social sciences; boundaries, interaction and integration.
The finance officer's role in disaster management.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters