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Editorial Results (free)

1. Ag Tourism Touted as Way to Boost Rural Economies -

CHARLES TOWN, W.Va. (AP) – With its sweet fruit-flavored liqueurs, a working farm and eccentric cast of characters – including a dancing lemon – Bloomery Plantation Distillery has attracted tourists from every U.S. state and countries as far away as Laos and Iceland.

2. FedEx Founder Highlights Economic Club Fall Slate -

FedEx founder Fred Smith will make a rare public speaking appearance in Memphis Nov. 6, as part of the fall 2014 lineup of speakers planned for the Economic Club of Memphis.

3. Cushman & Wakefield Adds Yates to Capital Markets Team -

Alex Yates has joined the Cushman & Wakefield/Commercial Advisors Capital Markets team as vice president, assisting and executing investment sales, debt/equity placement and development advisory projects. Yates’ efforts will be heavily concentrated in multifamily and retail, but he will focus on other product types as well.

4. Commission Takes Up Family Planning Contract -

Shelby County commissioners Monday, March 24, take up an attempt to end the county’s contract for federally funded family planning and related health services with Christ Community Health Services.

5. Wells Joins Evans Petree as Associate -

Julie Wells has joined Evans Petree PC as an associate in the East Memphis office, focusing her practice in health care law and general business matters. She previously worked at Baptist Medical Group, where she played an integral role in physician practice acquisitions and contractual-related matters.

6. Smith & Nephew to Buy ArthroCare in $1.5B Deal -

British medical technology company Smith & Nephew plans to buy U.S. medical device maker ArthroCare in a $1.5 billion deal that it says will strengthen its sports medicine business.

Smith & Nephew said Monday it will pay $48.25 in cash for each share of ArthroCare Corp., which is based in Austin, Texas.

7. Smith & Nephew to Buy ArthroCare in $1.5 Billion Deal -

British medical technology company Smith & Nephew plans to buy U.S. medical device maker ArthroCare in a $1.5 billion deal that it says will strengthen its sports medicine business.

Smith & Nephew said Monday it will pay $48.25 in cash for each share of ArthroCare Corp., which is based in Austin, Texas.

8. Smith & Nephew to Buy ArthroCare in $1.5 Billion Deal -

British medical technology company Smith & Nephew plans to buy U.S. medical device maker ArthroCare in a $1.5 billion deal that it says will strengthen its sports medicine business.

Smith & Nephew said Monday it will pay $48.25 in cash for each share of ArthroCare Corp., which is based in Austin, Texas.

9. Events -

The Downtown Memphis Commission board will meet Thursday, Dec. 19, at noon in the commission conference room, 114 N. Main St. Visit downtownmemphiscommission.com.

10. Van Vliet Takes on Roles at UT Medical, The MED -

Dr. Michael M. Van Vliet has joined the department of plastic surgery at UT Medical Group, has been named assistant professor at the University of Tennessee Health Science Center and has been appointed director of burn critical care for the Firefighters Regional Burn Center at The Regional Medical Center at Memphis.

11. Events -

Talk Shoppe will hold a citywide networking party Wednesday, Dec. 18, from 9 a.m. to 10 a.m. at DeVry University, 6401 Poplar Ave., sixth floor. Cost is free. Visit talkshoppe.biz.

12. Events -

The Downtown Memphis Commission will hold the Downtown Howl-iday pet and family parade Saturday, Dec. 14, at 3 p.m. from Court Square to AutoZone Park. Registration begins at 2 p.m. at Court Square. Cost is free. Visit downtownmemphis.com.

13. Events -

Talk Shoppe will hold a citywide networking party Wednesday, Dec. 18, from 9 a.m. to 10 a.m. at DeVry University, 6401 Poplar Ave., sixth floor. Cost is free. Visit talkshoppe.biz.

14. Memorial Service for 3 Killed in Helicopter Crash -

MEMPHIS (AP) – Nearly 2,000 people attended a memorial service for a pilot and two hospital workers killed in a medical helicopter crash in Tennessee.

Le Bonheur Children's Hospital officials say the memorial took place Tuesday at Hope Presbyterian Church in Memphis.

15. Transportation Safety Board Looks for Cause Of Crash -

Investigators returned Wednesday to the scene of a medical helicopter crash that killed three people in West Tennessee, but an official said the preliminary cause of the crash was not expected for more than a week.

16. Hospital: 3 Dead in Medical Helicopter Crash -

Two hospital workers and a pilot were killed when a medical helicopter crashed in Tennessee as the aircraft was headed to pick up an ailing child.

Le Bonheur Children’s Hospital President and CEO Meri Armour says the Hospital Wing helicopter was cleared for both weather and flight plans when it took off Tuesday morning..

17. Boyle Sells More Lots at Spring Creek Ranch -

After an initial offering went so well earlier this year, a group of area homebuilders has acquired 17 more lots at The Village at Spring Creek Ranch from Boyle Investment Co.

18. Grizz Claw Into Conference Finals -

His team had just overcome a 17-point first-half deficit and beaten Oklahoma City in overtime to win Game 4 and take a commanding 3-1 lead in their best-of-seven Western Conference semifinal series. So someone asked Grizzlies coach Lionel Hollins if he was impressed.

19. Taxing Decision -

Local medical device manufacturers like Smith & Nephew, Medtronic Inc. and Wright Medical Group Inc. are crossing their fingers that Congress will follow through on a repeal of the 2.3 percent medical device excise tax enacted in January.

20. Masson Named Senior Director at Caissa -

Rick Masson has joined Caissa Public Strategy as senior director. Masson, former chief administrative office for the city of Memphis, was also recently named special master to oversee the city-county schools merger. (For details, see the Monday, March 11, edition of The Daily News.) In his new role at Caissa, Masson will provide consultation and leadership on business development and project management.

21. Forecasting 2013 in Sports -

2013 Sports Forecast by the numbers: 1. The Grizzlies swing a deal before the trade deadline but are fined by the NBA when, out of habit, they try to trade O.J. Mayo.

2. The Memphis Airport is invited to join the Big East.

22. Uniquely Creative -

The freshly painted walls at Paradigm Marketing & Creative include the definition of creativity spelled out to serve as a constant reminder of the 20-year old firm’s mantra.

“The ability to transcend traditional ideas and to create meaningful new ideas,” the wall leading into the newly refurbished kitchen area reads.

23. Gammon Joins Methodist in Business Development -

Myra Gammon has joined Methodist Le Bonheur Healthcare as a business development account manager for Community Care Associates. In her new role, Gammon is responsible for the development and management of the Occupational Health and Wellness Services program.

24. Local Logistics Firms Expand Medical Real Estate Offerings -

Memphis area industrial brokers are reporting an increase in activity with third-party and proprietary logistics companies involved in distribution of medical/pharma-related product.

During the second half of this year, several local companies have inked new leases that will expand their overall space in the Memphis area, creating new jobs in the process.

25. Bioventus Inks Deal for 40,000 Square Feet -

A Durham, N.C.-based biologics company is relocating its Memphis presence, signifying a boon to the Northeast office submarket.

Bioventus LLC has inked 38,880 square feet of office and manufacturing space in Goodlett Farms Business Campus, 1900 Charles Bryan Road, in Cordova.

26. Nightmare Election Scenarios Worry Both Parties -

WEST PALM BEACH, Fla. (AP) – Here in a county that knows a thing or two about Election Day meltdowns, both parties are fretting over what might go seriously wrong before, during or just after the Nov. 6 presidential election.

27. Senior Care Management Solutions Promotes Williams -

Darla Williams has been promoted to health care administrator at Senior Care Management Solutions. In her new role, Williams will play a critical role in overseeing and customizing clients’ daily care plans to fit their specific needs.

28. Evans Joins American Esoteric as Vice President -

Dr. Jess Evans has joined American Esoteric Laboratories as vice president of technical operations. In his new role, Evans is responsible for instrumentation, personnel, operational performance and quality assurance for the Memphis laboratory.

29. Starting Up -

Shawn Flynn and Ryan Ramkhelawan have, both literally and figuratively, come a long way in a few months.

They moved to Memphis recently to bring their medical industry-focused startup here and take it through the inaugural round of a new startup accelerator program, ZeroTo510. Since the end of that program – a boot camp-style mix of mentorship, networking and related instruction that came with an infusion of cash – their startup Restore Medical Solutions got a term sheet and an invitation to negotiate for a Series A round of venture capital funding.

30. Aerotropolis Brand Slow To Catch On -

The president of the company that helped give Alliance, Texas, the country’s first 100 percent cargo airport said he and others in the project had the advantage of working with a relatively blank slate.

31. Celebrating Law -

The Memphis legal community is poised to kick off its annual weeklong celebration of the profession that will include a party in Downtown’s Court Square, a naturalization ceremony for new citizens and a remembrance of the dozens of lawyers and judges who died over the past 12 months.

32. Tradition of Secret Budget Meetings Alive in Tenn. -

NASHVILLE (AP) – Tennessee lawmakers' long tradition of meeting secretly to hash out budget plans is alive and well.

House Majority Leader Gerald McCormick confirmed to The Associated Press that key legislators met for several hours at a Nashville restaurant on Sunday to work through budget amendments.

33. Law Career Event Planned for U of M -

Students from area high schools, colleges and youth organizations will get an opportunity to learn about the legal profession from a diverse group of professionals April 24 at “Legal Careers Forum: The ABCs – Advocates, Barristers and Counselors.”

34. FedEx Buys Polish Carrier Opek -

FedEx Corp. has added another existing domestic ground network in Europe with the announcement of an agreement Thursday, April 5, for the Memphis-based cargo giant to acquire Polish courier Opek Sp.z.o.o.

35. Thomison Joins PGM/Trumbull -

Dr. John Thomison has joined Pathology Group of the Mid-South/Trumbull Labs LLC.

Hometown: Nashville

36. Minority Biz Council Presents Awards -

Memphis Light, Gas and Water Division outshined co-finalists FedEx Express and Smith & Nephew to win Corporation of the Year Friday during the 26th annual Robert R. Church Achievement Awards Luncheon.

37. Eason Joins Obsidian As Account Executive -

Kelli Eason has joined Obsidian Public Relations as an account executive.

Hometown: Lake Charles, La.

38. iPhone Launch Turns Into Remembrance for Jobs -

NEW YORK (AP) – It wasn't just the latest iPhone that drew people to Apple stores Friday.

Many consumers waited in lines for hours – sometimes enduring chilly temperatures and overnight thunderstorms – to remember Steve Jobs, Apple's visionary who died last week.

39. Brucker Joins McManus Reilly As Investment, Insurance Adviser -

Edward Brucker III has joined McManus Reilly Financial Foresight as investment and insurance adviser.

Hometown: Tucson, Ariz.

Education: Master of business administration from University of Phoenix

40. Back into the Fold -

Before there was South Bluffs, there was French Fort.

Before the Hernando DeSoto Bridge was built and city zoning regulations placed more distance between commercial, industrial and residential areas, this neighborhood by the trio of older Mississippi River bridges south of Downtown survived in one of the most historic and isolated parts of the city.

41. ‘We’re OK’ -

For decades, a residential area called French Fort, near the Metal Museum and Interstate 55, has thrived in isolation and anonymity.

The larger area is now poised to return to its one-time role as a gateway. But the owner of two key pieces of property told homeowners not to expect much movement for several years.

42. Wal-Mart: A Year of Taking Stock to Regain Footing -

NEW YORK (AP) – Wal-Mart is in a race against time to give the people what they want before they get comfortable shopping elsewhere.

Shoppers who switched to other stores when Wal-Mart decided to ditch best-selling toothbrush brands, craft supplies and bolts of fabric may be hard to win back.

43. Tenn. has Troubled History With Medical Examiners -

NASHVILLE (AP) – The court battle to get records of beleaguered former Knox County medical examiner Sandra Elkins provides another glimpse into Tennessee's storied history with some of its top death investigators.

44. Memphians Among Those Receiving State Arts Awards -

NASHVILLE (AP) – Tennessee's highest honor in the arts will be awarded Tuesday in Nashville for exemplifying the state's finest cultural traditions.

Winners are the Blues Foundation of Memphis; buck dancer Thomas Maupin of Murfreesboro; Charles Towler of Cleveland, a Southern gospel convention singer; Patrick W. Halloran III of Memphis, who helped preserve the Orpheum Theatre; the W.O. Smith Music School in Nashville; Estelle Condra of Nashville, an actor and writer; Johnny Maddox of Gallatin, a ragtime pianist; and Dolph Smith of Ripley, an artist.

45. Conference Pits MEM At Center of Aviation World -

For five years Memphis International Airport executives and other civic leaders have worked on developing the city’s aerotropolis – the concept of an airport serving as a region’s economic engine.

The idea will be as public as ever – at least here – Tuesday, the second day of the Airport Cities World Conference & Exhibition at The Peabody hotel. That’s when FedEx Corp. founder Frederick W. Smith and Delta Air Lines Inc. CEO Richard Anderson share the stage with University of North Carolina professor John Kasarda, the originator of the aerotropolis concept.

46. Paris Trade Pact Comes As Conference Begins -

The Airport Cities World Conference & Exhibition begins its three-day run Monday at The Peabody with Memphis and Paris leaders signing a trade pact.

The economic development part of the agreement links businesses around Paris’ Charles de Gaulle Airport to businesses around Memphis International Airport now and in the future.

47. French Delegation Looks to Memphis for Biz Strategy -

A trio of visitors to Memphis from France last week spiced their conversation with words instantly familiar to a group of Memphians working to promote the medical and biosciences sector of the Memphis economy.

48. Nevels Takes Reins of BMHC Foundation -

Jenny Nevels has been promoted to executive director of the Baptist Memorial Health Care Foundation.

49. MMBC Honors Minority Business Achievements -

The new chairman of the Greater Memphis Chamber told attendees at the annual Mid-South Minority Business Council awards luncheon that minority business is about more than “the spend.”

The term came up frequently at last week’s luncheon where the organization presented the 25th annual Robert R. Church Achievement Awards.

50. MMBC Honors Minority Biz Achievements -

The new chairman of the Greater Memphis Chamber told those at the annual Mid-South Minority Business Council awards luncheon that minority business is about more than “the spend.”

The term came up frequently at Friday’s luncheon where the organization presented the 25th annual Robert R. Church Achievement Awards.

51. B&B Bounce Back -

Bonne Terre Country Inn & Café has dealt with more than a recession in the past two years. However, new owners Emily and Robert Rygg have worked to navigate Bonne Terre through tough times and into a period of new life.

52. Oldham Fills Top Sheriff's Positions -

Shelby County Sheriff Bill Oldham has named William S. Cash as his chief deputy and Robert L. Moore as interim director of the Shelby County Jail.

53. Canale Sells Property to Hand for $4 Million -

The D. Canale Beverages LLC property at 45 E.H. Crump Blvd. has formally sold for $4 million to The Hand Family Realty Co. LLC, an affiliate of Clarksville, Tenn.-based The Hand Family Beverage Co.

54. Lasting Legacies -

Consider the continent as it was when Memphis was founded in 1819. No railroads crisscrossed the land and Tennessee roads would not be paved until after World War I.

For a city to thrive and prosper, transportation would be paramount. For Memphis, the Mississippi River, an integral artery of commerce and communication in America, would be its gateway to greatness.

55. Events -

Baker, Donelson, Bearman, Caldwell & Berkowitz PC will present “Workforce Expense Reductions” Thursday from 8 a.m. to 9 a.m. at Baker Donelson’s office, 165 Madison Ave., 20th floor. For more information or to register, contact Nicolette Thomas at 577-2328 or nthomas@bakerdonelson.com.

56. Salvaggio Files Permit for Germantown’s Brownstone -

The Salvaggio Group LLC has filed a $639,400 permit with the city-county Office of Construction Code Enforcement to perform “shell and core” work on The Brownstone, a Class A office building at 7695 Poplar Pike in Old Germantown.

57. Towns’ MED Job Proves You Can Go Home Again -

Tish Towns has just finished her first year at one of the most challenging jobs in the city – spearheading the effort to secure funding for The Regional Medical Center at Memphis.

It is a mission that brought her back home after 28 years.

58. Fuhrman Joins Investec Realty Services -

Eric Fuhrman has joined Investec Realty Services. Fuhrman is a Certified Commercial Investment Member and a six-year veteran in commercial sales and leasing.

Hometown: Born in Des Plaines, Ill., a suburb of Chicago
Work Experience: One of my favorite work experiences was training police divers in underwater search and recovery with the National Academy of Police Diving. Later I worked as an estimator/project manager for a commercial construction firm and most recently transferred to Investec Realty Services after five-plus years with Crye-Leike Commercial.
Family: My wife, Joanna, is a local and we have five children – Gabe, 11; Audrey, 10; Sam, 8; Ellie, 4; and Molly, three weeks.
Favorite quote: “A man can succeed at almost anything for which he has unlimited enthusiasm,” Charles M. Schwab.
Activities you enjoy outside of work? I love running with the family. We try to hit most of the 5Ks around town. As of one week ago, I am the director of the SYS Golden Saints Track & Field Team. Go Saints!
Why did you pursue a career in real estate? I believe that God never wastes life experiences on us. This field seemed like a blend of many of my life experiences.
What do you consider your greatest professional accomplishments? Earning my designation as a Certified Commercial Investment Member was a proud moment although I feel that it is an equally great accomplishment anytime I am able to meet a need for one of my clients through a commercial real estate transaction.
What do you most enjoy about your work? I really like the team concept promoted at Investec. I couldn’t be happier to work alongside Jon Albright and tackle some of the amazing projects we have coming down the pipeline.

59. Medical Clinic to Occupy Brownstone’s First Floor -

Memphis Radiological and Memphis Vascular Center have paid $1.6 million for the first floor of The Brownstone, a Class A office building that will soon rise at 7695 Poplar Pike in Old Germantown.

60. Inside The Priest Files: Documents reveal 50 years of abuse, cover-ups in Memphis diocese -

John Doe and his family watched 1999 change to the year 2000 in Memphis.

They were visitors to the city, here for a family medical emergency.

Looking back on it seven years later, Doe would remember “mentally trying to see if the world was going to end because everybody was scared something was going to happen.”

61. 50 Years of Secrets -

Catholic priests accused of child sexual abuse in Memphis moved to different parishes and cities without parishioners or authorities being alerted, according to recently opened Circuit Court records.

62. French Officials in Town For Aerotropolis Summit -

A contingency from Charles de Gaulle International Airport in Paris is in town this week to learn about the Memphis aerotropolis initiative and to share its own practices for promoting a city’s airport as an economic engine.

63. Medical Office Owner Files Loan on Property -

Munn Investment Properties LLC has filed a $715,000 loan through Metropolitan Bank on its 5,372-square-foot office building at 6750 Summer Oaks Cove in Bartlett.

64. Glankler Brown Names Bradley Chief Manager -

William R. Bradley Jr. has been named chief manager of Glankler Brown PLLC.

Bradley’s primary practice areas include intellectual property, maintenance and litigation, antitrust counseling and litigation, business litigation, and construction litigation.

65. Smith & Nephew Lawsuit Moved Back to Texas -

The lawsuit between Smith & Nephew and three former sales agents stemming from a visit to a Texas strip club is no longer in Memphis federal court.

A Texas federal judge in January ordered the lawsuit moved to Memphis, but the lawyer for the salesmen last week submitted a “notice of dismissal” here after filing an amended complaint back in Texas.

66. New FDA Rules Could Tighten Medical Device Pipeline -

Memphis makers of medical devices are keeping a close watch on the U.S. Food and Drug Administration as it considers tightening the rules that allow a faster approval track for some products.

For almost 35 years, “substantial equivalency” has been the test for what is known as 510k approval. If a product is similar enough to one already on the market and proven to be safe, it can gain approval without clinical trials.

67. Outlook Unsure -

Last week’s Commercial Property Forecast Summit painted a dour picture of the local real estate market, but the January numbers show that the commercial sector has a detectable pulse – at least for now.

68. Poor January Home Starts Blamed on Inclement Weather -

January’s foul weather wreaked havoc on homebuilders, as the barrage of snow, ice and cold temperatures severely limited the ability to start homes.

Shelby County builders filed just 36 new home permits last month, half of December’s 72, but a slight increase from the January 2009 total of 31, according to the latest data from real estate information company Chandler Reports, www.chandlerreports.com.

69. Memphis Medical Society Names Officers, Board Members -

The Memphis Medical Society has announced the election of new officers and three new members to its board of directors.

Dr. James K. Ensor Jr., an internist at Memphis Internal Medicine, has replaced Dr. Clarence B. Watridge as the 133rd president of the society.

70. Smith & Nephew ‘Gentlemen’s Club’ Lawsuit Moved -

A lawsuit filed by three former Smith & Nephew Inc. sales agents has been moved to Memphis federal court. The agents filed suit in Texas last year alleging they were wrongfully fired after visiting a strip club with a physician client.

71. Somerset Park Sells For $2.1M After Foreclosure -

The 496-unit Somerset Park Apartment Homes on Winchester Road in the Oakhaven/Parkway Village area sold on the steps of the Shelby County Courthouse last month for $2.1 million following a foreclosure. The sprawling multifamily complex is comprised of four parcels – 3443 and 3474 Winchester Road, 3649 Lake Park Drive and 6431 Arrowbrook.

72. Byrd Joins Wyatt’s Health Care Service Team -

Robert C. Byrd Jr. recently joined Wyatt, Tarrant & Combs LLP as a member of the firm’s Health Care Service team. He focuses his practice on health care and litigation.

73. Ethics Sanctions Must Be Followed By Full Disclosure for Maximum Deterrence -

In some ways, the rules by which Smith & Nephew and the other orthopedics giants must abide are more exacting than the ones for local elected officials.

The public interest in both cases is readily apparent. But whether it is served by the rules that guide the conduct of these corporations with doctors is questionable.

74. Joint Venture -

Charles Redden remembers getting the call in April.

A sales associate for Smith & Nephew, Redden worked hospitals and clinics in Dallas – among the most lucrative regions for the British medical device maker whose U.S. headquarters is in Memphis. On the other end of the phone line was Redden’s boss, Jon Hebel, a former minor league baseball player and an area sales manager for Smith & Nephew.

75. Herenton Prepares For Next Political Chapter -

Retirement may be upon him, but he won’t be spending hours at the golf course, adding Hawaiian shirts to his wardrobe or hitting the road for long delayed vacations.

Now that Willie Herenton has driven out of the City Hall garage for the last time, he’s preparing to channel all his stamina, his unique status as the city’s first black mayor and a deep competitive streak into a new brand of politics.

76. Events -

The Shelby County Commission Ad Hoc Committee on Reappraisals will meet today at 9 a.m. in the fourth floor committee room of the Shelby County Administration Building, 160 N. Main St. The “Reinventing Government Tour” meeting, hosted by commission Chairwoman Deidre Malone, will meet at 10 a.m. For more information, call Steve Summerall at 545-4301.

77. U of M Law School Appoints Kritchevsky to Director of Advocacy -

Barbara Kritchevsky has been appointed to the newly created position of director of advocacy at the University of Memphis Cecil C. Humphrey’s School of Law.

Kritchevsky has been a law professor at the university since 1983, and for the past 20 years has served as a faculty adviser to the school’s Moot Court Board and also served as the school’s associate dean for academic affairs.

78. Priest Abuse Case Goes to Higher Court -

Attorneys for a man who claims he was abused by a Catholic priest more than 30 years ago are expected to file their answer this week to an appeal by the local diocese to the Tennessee Court of Appeals.

79. Priest Sex Suit Hangs on With Latest Ruling -

The last pending civil lawsuit alleging child sexual abuse by a Memphis priest remained alive this week.

Circuit Court Judge D’Army Bailey denied a motion Monday by the Catholic Diocese of Memphis to dismiss the lawsuit filed against it by Norman Redwing. Redwing alleges, in the lawsuit filed last October, that he was abused by the Rev. Milton Guthrie in the 1970s.

80. Judge to Weigh Priest Abuse Revelations -

Circuit Court Judge Charles McPherson will determine what details should be made public in court records from a civil lawsuit involving the sexual abuse of a teenager by a Memphis priest.

81. UPDATE: McPherson To Review Priest Court Records For Public Release -

Circuit Court Judge Charles McPherson will determine what details should be made public in court records from a civil lawsuit involving the sexual abuse of a teenager by a Memphis priest.

82. Court Dismisses Priest Abuse Case -

One of several civil lawsuits alleging child sexual abuse by a Memphis Catholic priest has been dismissed the same week the Tennessee Supreme Court refused to hear an appeal in a similar case from Memphis.

83. $2 Million Paid To Priest Sex Abuse Victim -

The Catholic Diocese of Memphis and the Dominican religious order have settled a lawsuit claiming a Memphis priest sexually abused a teenager, with a $2 million payment to the victim.

The dollar figure is the largest publicly disclosed in any of the lawsuits alleging child sexual abuse by Memphis Catholic priests.

84. Memphis Catholic Diocese and Dominicans Settle Priest Abuse Case For $2 Million -

The Catholic Diocese of Memphis and the Dominican religious order have settled a lawsuit claiming a Memphis Priest sexually abused a teenager with a $2 million payment to the victim.

The dollar figure is the largest publicly disclosed in any of the lawsuits filed alleging child sexual abuse by Memphis Catholic priest.

85. Diocese Settles With Man Abused as Teen -

The Catholic Diocese of Memphis has come to a legal settlement with a man sexually abused as a teenager nine years ago by a Dominican priest.

The settlement was announced Monday in Circuit Court at the start of the last hearing on motions before the John Doe lawsuit goes to trial.

86. Memphis Catholic Diocese Settles Priest Sexual Abuse Civil Case -

The Catholic Diocese of Memphis has reached a legal settlement with a teenager sexually abused by a Dominican priest nine years ago.

The settlement was announced Monday in Circuit Court at the start of the last hearing on motions before the John Doe lawsuit goes to trial.

87. STANFORD SHOCKER -

The U.S. Securities and Exchange Commission has charged a Texas billionaire whose family of companies has deep ties to Memphis with an $8 billion securities fraud.

Asking for “emergency relief to halt a massive, ongoing fraud,” a complaint issued by the SEC Tuesday alleges the businessman, R. Allen Stanford – chairman of the Stanford Financial Group of companies – schemed to sell about $8 billion worth of certificates of deposit that promise higher returns than would have been available with genuine CDs offered by traditional banks.

88. Stanford Financial Chairman Charged With $8B Fraud - The U.S. Securities and Exchange Commission has charged a Texas billionaire whose family of companies has deep ties to Memphis with an $8 billion securities fraud.

Asking for "emergency relief to halt a massive, ongoing fraud," a complaint issued by the SEC Tuesday alleges the businessman, R. Allen Stanford – chairman of the Stanford Financial Group of companies – schemed to sell about $8 billion worth of certificates of deposit that promise higher returns than would have been available with genuine CDs offered by traditional banks.

Also named in the Texas complaint are James Davis, the chief financial officer of Stanford Financial Group Inc. who works in East Memphis’ Crescent Center, as well as Laura Pendergest-Holt, the chief investment officer of Stanford Financial Group. She supervises a group of analysts in Memphis, among other places, according to the SEC.

"Stanford and Davis have wholly failed to cooperate with the commission's efforts to account for the $8 billion of investor funds purportedly held by SIB (Stanford International Bank, the banking unit of the family of companies)," the SEC's complaint reads. "In short, approximately 90 percent of SIB's claimed investment portfolio resides in a 'black box' shielded from any independent oversight."

The particulars

Stanford's banking unit claims $8.5 billion in assets, and its brokerage unit reportedly has about $50 billion in assets. The SEC alleges the bulk of the banking unit’s investment portfolio was monitored by two people – Stanford and Davis.

The company and its executives cast a long shadow in Memphis, as does the sprawling complaint unveiled this week.

Law enforcement personnel Tuesday entered Stanford offices in the U.S. in more than one city, including Memphis. Memphis FBI officials could not be reached Tuesday afternoon, but were believed to be seizing records there.

The day before the SEC’s allegations were unveiled, a Stanford Financial Group spokesman told The Daily News the company was cooperating with investigators.

“Both FINRA (the Financial Industry Regulatory Authority) and the SEC have stated to us that their recent visits to our offices were part of a routine examination,” said Brian Bertsch. “We have provided U.S. regulators with the information requested and intend to comply fully with any findings or recommendations they may issue.”

Bertsch would not confirm if the company’s Memphis office was one of six locations visited in January by the SEC and FINRA.

Far-reaching operation

More than three dozen police officers and other law enforcement officials entered two Stanford Group office buildings in Houston Tuesday morning, according to The New York Times.

Several key aspects of the case, meanwhile, point to activities of the company that unfolded in Memphis or are related to the Bluff City.

"SIB's multi-billion (dollar) portfolio of investments is purportedly monitored by SFG's chief financial officer in Memphis, Tenn.," according to the SEC. That executive, James Davis, refused to appear and give testimony in the SEC investigation.

Meanwhile, “The bank's (senior investment officer) was trained by Ms. Pendergest-Holt to tell investors that the bank's multi-billion (dollar) portfolio was ‘monitored’ by the analyst team in Memphis,” the SEC’s complaint reads. “In communicating with investors, the SIO followed Pendergest's instructions, misrepresenting that a team of 20-plus analysts monitored the bank’s investment portfolio. In so doing, the SIO never disclosed to investors that the analysts only monitor approximately 10 percent of SIB's money.

“In fact, Pendergest-Holt trained the SIO ‘not to divulge too much’ about oversight of the bank's portfolio because that information ‘wouldn’t leave an investor with a lot of confidence.’”

One spark that may have added fuel to the fire concerns allegations from former Stanford employees.

D. Mark Tidwell and Charles Rawl last year filed a wrongful termination suit in state court in Texas alleging “various unethical and illegal business practices, including overstating the asset value of individuals in a manner designed to mislead potential investors and purging electronic data from computers in response to an investigation by the Securities and Exchange Commission,” according to a court filing in the Texas case. “According to Tidwell and Rawl, they left the company after realizing that they could possibly be implicated in the alleged illegal acts.”

Wellspring of support

The charges cast a dark cloud over a company that has been a generous benefactor of several causes in Memphis.

In the most recent edition of the Stanford Eagle, the in-house magazine of Stanford Financial Group, Stanford is shown seated among a quartet of children who all appear to be patients of St. Jude Children’s Research Hospital. All of them are smiling, and one is sitting on the businessman’s knee, cradled in his arm.

St. Jude is among the many local causes supported by Stanford's business interests. The annual Stanford St. Jude Championship alone has raised more than $19 million for the hospital since 1970. Stanford signed on as the major sponsor in 2007 after FedEx shifted its involvement.

The Houston-based financial services company, which operates an investment brokerage office in Memphis, provides financial support to the hospital as its “corporate charity of choice,” according to the magazine.

In the most recent edition of the magazine, Tony Thomas, the son of St. Jude founder Danny Thomas, said Stanford’s chairman “has been a blessing for us and for the children and patients of St. Jude. … His support has resulted in $15 million in the last three years.”

Among the Memphis causes it supports, the Houston company is a corporate sponsor of the National Civil Rights Museum and a contributor to the Greater Memphis Arts Council, the Boys and Girls Club of Memphis and the Ave Maria Foundation of Memphis, according to a report from Stanford about its community investments. Stanford’s charitable foundation also is based in Memphis.

A reception several years ago to celebrate the company’s growth in Memphis was held at the home of local fashion designer Pat Kerr Tigrett, with guests including Memphis Mayor Willie Herenton and FedEx founder Frederick W. Smith, according to news accounts of the event.

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89. Group to Interview Priest in Sex Abuse Case -

This morning, a group of attorneys and a court reporter are to meet at the Nashville home of a retired and suspended Catholic priest to talk about his time in Memphis.

The Rev. Paul St. Charles, who served in Memphis from the 1960s to the 1980s, is accused in six civil lawsuits of sexually abusing teenagers.

90. New Info Surfaces in Priest Sex Cases -

Fifteen priests in the Catholic Diocese of Memphis have been accused of sexually abusing children since the diocese was formed in 1971.

That was among the disclosures made in a Circuit Court hearing late last week to set the ground rules for the pending civil trial of a lawsuit against the diocese and the Dominican religious order. The hearing continues Thursday.

91. Expert: Ortho Firms, Surgeons Forgot Ethics for Perks -

A lapse in ethics and professionalism by surgeons, who accepted financial rewards and other perks from orthopedics firms, compromised patient care before the government stepped in to stop the practice, Dr. Charles A. Rockwood said Monday night during a lecture.

92. Citi Shares Fall Despite Talks with Morgan Stanley -

NEW YORK (AP) - Citigroup Inc.'s stock sank Monday to its lowest levels since November as investors wondered how much more cash the troubled bank will need.

93. McDowell Named Radiology Director At Methodist University Hospital -

Tina McDowell has been promoted to director of radiology at Methodist University Hospital. She served as the manager of diagnostic radiology at MUH for the past six years.

94. Memphis Drum Shop Named ‘Independent Retailer of the Year’ -

The students mix with the masters at Memphis Drum Shop.

One recent day saw Tony Coleman, who tours with B.B. King and Bobby Blue Bland, shake hands with some of the aspiring drummers as they trotted past cymbals, congas, djembes, timpanis and toms toward the back of the store.

95. Renasant Names Wiegert VP, Mortgage Production Manager -

Michael Wiegert has been named vice president and mortgage production manager for Renasant Bank in Memphis.

96. Both Parties Expect Democratic Senate Pickups -

WASHINGTON (AP) - Democrats counted on solidifying their thin leadership grip on the Senate as voters flocked to the polls Tuesday to fill 35 Senate seats. Embattled Republicans braced for losses but hoped they would be modest ones.

97. Rawson Named President Of Benefit Recover Inc. -

Win Rawson has been named president of Memphis-based Benefit Recover Inc.

Rawson joined the company as general counsel in June 2007. Previously, he worked at Lawrence & Russell LLP, where he developed and managed employment and benefits litigation for several Fortune 100 clients.

98. Another Suit Filed Against Diocese -

A Catholic priest who led youth groups in the 1970s has been accused in another civil lawsuit alleging child sexual abuse, according to The Daily News Online, www.memphisdailynews.com.

Father Paul W. St. Charles is accused in the latest John Doe lawsuit filed Tuesday against the Catholic Diocese of Memphis.

99. Fair Headed To Tunica’s Bright Lights -

Access, incentives and nearby attractions were the factors that moved the 152-year-old Mid-South Fair south of the state line this week.

The board and certificate holders of the nonprofit event voted this week to move the Memphis institution to Tunica County starting with the 2009 fair. The 2008 event will be held in September at the Mid-South Fairgrounds in Midtown.

100. Black Business Expo In the Works -

During their inaugural event later this month, organizers of the Memphis Black Business Expo and Showcase hope to provide a venue for local minorities to spotlight their entrepreneurial endeavors as well as allowing them to network with other business owners with similar concerns.