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Weekly Updates... for Gene Cauley, that is.
A final judgment was entered May 21 in the sad case of Matt Johnson, a 22-year-old employee of Cauley's billboard business who was electrocuted in an accident in Benton in July 2005.
Seco--that's Stephen Eugene Cauley Co., get it?--Outdoor Advertising Corp. didn't have the workers compensation insurance it was supposed to have, so a circuitous lawsuit made its way through a jury trial and a bench trial and various other legal adventures.
In the end, Johnson's parents and sisters were awarded some $3 million, of which $570,000 is the personal responsibility of Cauley. The rest is supposed to be paid by a collection of corporations Cauley formed to buy and operate billboards.
Will Bond, who with Bruce McMath represented the Johnsons, said his clients have tried to garnish any of the money that Cauley--a lawyer until last week--has been scraping together to pay the $9.3 million he misappropriated from clients in a New York securities case.
(Cauley's set to plead guilty to that on Monday afternoon in U.S. District Court in New York.)
"We've seen several places that his representatives are liquidating assets even at a loss in order to come up with that money," Bond said. "We think we're entitled to an accounting."
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