Date: 12-06-2011

Case Style: Transportation Alliance Bank, Inc. v. Arrow Trucking Co.

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Court: United States District Bankruptcy Court for the Northern District of Texas

Plaintiff's Attorney: Andrew G Deiss, Jeffery Weston Shields, Rick L Knuth, Troy J Aramburu, John David Dale, Billie Jean Siddoway, Randall Gene Vaughan, Robert J Winter, Brock N Worthen and Patrick Ryan Busby

Defendant's Attorney: Ryan A Loosvelt, Joseph J Aronica, Jo Lynn Jeter and G Calvin Sharpe for James Douglas Pielsticker

Stanley Dwight Monroe and Trevor Lee Reynolds for Jonathan Moore

Joel L Wohlgemuth and Ryan A Ray and James M Sturdivant for Megan Corp.

Description: Transportation Alliance Bank of Ogden sued Arrow Trucking Co., James Douglas Pielsticker, Megan Corporation, Piel Corporation and Carol Pielsticker on breach of contract and fraud theories relating to a loans totaling $15.1. million loaned to Arrow Trucking Co.

Outcome: Agreed judgment in the amount of $500,000 with an agreement not to execute on the judgment if Piesticker pays interest at 7 percent on $250,000 of the judgment until December 31, 2018 and a balloon payment of $292,881.

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Defendant's Experts:

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