A suit brought by Gold Club against partner Jerry Golding, who allegedly routed money away from the company and depleted its assets, has been dismissed.
Fannett Entertainment, doing business as the Gold Club, filed a lawsuit June 14, 2012, in Jefferson County District Court against Golding.
Court records show Judge Milton Shuffield, 136th District Court, granted a joint motion to dismiss all remaining claims on Feb. 11.
The case was set to go to trial sometime in April.
Court records further show that on Aug. 1, 2013, Fannett Entertainment filed a motion for entry of default judgment, stating that Golding failed to answer the suit on or before July 23, 2013.
Judge Shuffield granted the motion on Aug. 7, 2013, awarding Fannett Entertainment a judgment of $344,000.
However, on Sept. 5, 2013, Golding filed a motion for new trial, claiming that he lives out of state, never received the lawsuit and simply did not know he was being sued.
Two weeks later, Judge Shuffield granted Golding’s motion for new trial, court papers say.
According to the complaint, Fannett Entertainment claims Golding did not properly record the company’s profits and losses in addition to routing money away from the business.
When Fannett Entertainment made attempts to obtain the complete record keeping books for the company, Golding refused to return them to the company, according to the complaint.
Fannett Entertainment claims Golding breached his contract with the company.
Anthony Malley III of Moore Landrey in Beaumont represented it.
Golding was represented by Daniel Mabry, attorney for the Beaumont law firm Strong Pipkin Bissell & Ledyard.
Case No. D192-567
Gold Club partner dismissed from embezzlement suit
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