Broke, Not Broken: Homer Maxey's Texas Bank War (BOK)

Broadus Spivey, Jesse Sublett

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Homer Maxey was a war hero, multimillionaire and pillar of the Lubbock, Texas, community. During the post-World War II boom, he filled the West Texas horizon with new apartment complexes, government buildings, hotels, banks, shopping centres and subdivisions.

On the afternoon of February 16, 1966, executives of Citizens National Bank of Lubbock met to launch foreclosure proceedings against Maxey. In a secret sale, more than 35,000 acres of ranch land and other holdings were divided up and sold for pennies on the dollar. By closing time, Maxey was penniless.

Maxey sued the bank and every member of the board of directors, including long-time friends and business partners. Almost fifteen years, two jury trials and nine separate appeals later, the case was settled on September 22, 1980.

Broke, Not Broken, the story of this record-breaking, precedent-setting legal case, illuminates a community and a self-styled go-getter who refused to back down, even when his opponents were old friends, well-heeled leaders of the community, a bank backed by powerful Odessa oil men and the most formidable attorneys in West Texas.

Produktfakta

Språk Engelsk Engelsk Innbinding Innbundet
Utgitt 2014 Forfatter Broadus Spivey, Jesse Sublett
Forlag
Turpin DEDS Orphans
ISBN 9780896728554
Antall sider 352 Dimensjoner 15,2cm x 22,9cm x 3,3cm
Vekt 717 gram Leverandør Bertram Trading Ltd
Emner og form History of the Americas, Bankruptcy & insolvency, Banking law