Terry & Thweatt attorney Lee Thweatt was co-counsel with attorney Daniel Goforth in the representation of a seller of a trust company who sued a federally chartered bank for post-closing adjustments and contingency payments arising from a stock purchase agreement. After a nine-day arbitration hearing, the panel awarded the seller $152,000 cash consideration and one-half of deferred payments from a subsequent resale of the trust company at issue, ultimately totaling $348,646.97. Attorney fees and expenses totaled $178,598.86.
$348,000