Businessman sued for allegedly defaulting on promissory notes worth $60K

By Kyle Barnett | Jan 17, 2014

Brandon Bennett

GRETNA – A group of companies are suing a business partner who they claim defaulted on a promissory note.

AJKT LLC, Meatdude LLC, Pearly Girl LLC and Anne-SSG LLC filed suit against Henry R. Albert III in the 24th Judicial District Court on Jan. 6.

AJKT LLC, Meatdude LLC, Pearly Girl LLC and Anne-SSG LLC allege that on April 18, 2013, they owned 60 percent of outstanding membership of Rare Cuts LLC, which they sold to Albert who at the time owned 40 percent of the company. Each of the four plaintiffs claims the defendant provided them with a promissory note in the amount of $10,000 for one lump payment for a total of $40,000 to be due by July 31, 2013 with a late fee of $1,000 per promissory note per month. The plaintiffs assert that Albert never made the necessary payments.

The defendant is accused of breach of contract.

Damages in the amount of $15,000 per plaintiff, a total of $60,000, plus $1,000 per each extra late month and attorney’s fees and legal costs are sought.

The plaintiffs are represented by Brandon Bennett of Metairie-based Chehardy, Sherman, Ellis, Murray, Recile, Griffith, Stakelum & Hayes LLP.

The case has been assigned to Division M Judge Henry G. Sullivan Jr.

Case no. 734-310.

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