Lawsuit against Hannibal Cavemen owners delayed
Fri, 03 Feb 2012 22:49:05 GMT —
Thereâ??s been another delay in a lawsuit involving former Hannibal Cavemen owner Larry Owens and current owner Robert Hemond.
The case has been continued indefinitely while a new judge is found. The request was made at a hearing Friday.
F & M Bank and Trust of Hannibal is asking that Owens and Hemond pay back more than 700 thousand dollars in loans and interest it claims they owe.
The bank claims the defendants owe 707 thousand 328 dollars and 28 cents of a two-point-two million dollar loan dated August 17th of 2009.
It also wants to foreclose on land at the west side of the Clemens Field complex that it says Hannibal Sports and Entertainment Group deeded to Clemens Field Development. The lawsuit claims Owens and Hemond executed a deed of trust on the land as security for the loan.
The Hannibal City Council in May authorized F & M to sell off team assets. Owens then filed lawsuits of his own to dissolve the companies that controlled the team at the time and asked a judge to appoint a receiver to run the Cavemen. The request was denied.
A new ownership group called Hannibal Cavemen Baseball LLC was announced in June. It included Hemond, Hannibal nursing home executive Rick DeStefane and former Major League Baseball players Ryan Klesko and Woody Williams.
The bankâ??s lawsuit was filed in August.
(Story by Brent Engel.)