Daily Progress, Jacksonville, TX

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December 12, 2012

UPDATED: Texas Attorney General comments (1:37 p.m.)

LMC bankruptcy estate investigating potential claims against former president and auditor

(Continued)

JACKSONVILLE —

In a previous interview, McCall said the college is the one that owes him money. He said he is a creditor listed in the bankruptcy due to a personal loan he made to the college during the "difficult time."

"I loved both the challenges and successes during my time at LMC and still hope and pray that there will be some educational future for the campus, students in East Texas, and the community of Jacksonville," McCall said in an email.

In a response emailed to the Jacksonville Daily Progress at 2:31 p.m. Wednesday, attorney Gary S. Kessler of the Dallas law firm Kessler Collins, P.C., wrote that he had read that section of the proposed liquidation plan.

"The following is the statement of Acker & Company," he said. "'Acker & Company has fully cooperated with the attorneys for the Estate. We do not believe there is any merit to a claim against the firm or any of its members. The matters that are being investigated by the Estate were known by the members Board of Trustees of the College and all standards applicable to the conduct of the firm’s services for the College were met."

Thomas Kelley, spokesman for Texas Attorney General said Thursday his office is not in any way opposing the disbursement of the money to former Lon Morris College employees.



"Just so we’re clear on this issue, we will not be objecting to the motion to allow this Tennessee Methodist Foundation to provide funds to pay $130,000 to former Lon Morris College employees just before Christmas," he said. "We’re not sure where this concern came from. ...  We have not objected at all."

 

 

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