On June 2, 2022, the Receiver filed a complaint against Gary Property Management, LLC, for declaratory judgment that it is not entitled to proceeds from the Receivership Estate’s sale of property formerly owned by Oxford Springs.
Lamar Adams, through Oxford Springs, purchased 100 acres of undeveloped land in Lafayette County, Mississippi, from the Gary family in 2016. He suspiciously paid $1,000,000 for the property, more than four times what he paid per acre for adjacent property the previous year. In addition to grossly overpaying for the property, he committed Oxford Springs to build a road on the property for the Gary family’s benefit.
The Gary family, through its representative Brad Walsh, objected to the Receivership Estate’s sale of the 100 acres last year because the buyer was not required to build the road that Adams said he would build. The Court overruled Walsh’s objections, but he asserts that the Gary family is entitled to proceeds from the sale.
The complaint alleges the Gary family’s sale of the 100 acres to Adams was fraudulent, the sale unjustly enriched the Gary family at the expense of Madison Timber’s victims, and the Gary family has no claim against the Receivership Estate.
The following are select filings (most recent first) from the federal civil case Alysson Mills vs. Gary Property Management, LLC, No. 3:22-cv-00296 (S.D. Miss.):
2023-05-02 [28] Gary Property Management’s Motion for Partial Summary Judgment
2023-05-02 [26] Receiver’s Motion for Partial Summary Judgment
2023-03-22 [20] Order reassigning case to Magistrate Judge Bradley Rath