Ferrum victims may get one centralized place to file claims depending on how a judge in San Antonio rules.
Royal Lea, the attorney for Ferrum receiver John Patrick Lowe, filed a request in one of the Ferrum lawsuits to create claim forms and a process for paying them. The matter goes up for a court hearing on May 19.
Special note: If the claims process is approved, LubbockLights.com will publish copies of the claim forms and instructions in a follow-up story. Keep an eye on this page for updates.
If you’re new to the Ferrum story
Lubbock-based Ferrum Capital was accused of stealing millions of dollars from hundreds of people while it was under the control of Lubbock businessmen Joshua Allen and Michael Cox. Both are under indictment by a grand jury in San Antonio and their San Antonio business affiliate Brooklynn Chandler Will accepted a plea deal in March with sentencing to happen in September…