re. Rylan Investments, that was a Canadian firm that sold Wallace a restaurant in Phoenix, and financed the sale with a loan, or note. The buyer was not actually Wallace himself, but the William Wallace Trust. He defaulted on the note, and Rylan sued.
During the course of the suit, Rylan's attorney subpoened Jeanette Wilcher. At that point, Wallace settled. He apparently did not want his mom to become involved. Rylan also wanted to settle, because they suspected the Trust did not have much money.
That's what I was told by the plaintiff's attorney, when I phoned about two months ago.
I wasn't told anything about co-defendant Kirschner, though, so it is interesting to hear that you say he has a record.
Changing the subject, are they going to file a 10Q or not? It is midnight eastern time, and I don't see anything yet. If they don't file by tomorrow morning, they will be delinquent. |
