Temporary Agreement Reached Between Waide and Business Partners

Published 03/07 2014 09:17PM

Updated 03/07 2014 10:28PM

A temporary agreement has been reached in a case involving Kentucky State Rep. Ben Waide and his business partners at Liberty Rehabilitation in Madisonville. The business partners claim Waide charged the company for personal and campaign expenses.

John Whitfield, attorney for Lawrence Holmes and Jason Myers, said Waide has spent $300-400,000 of the company's money on things like massages, iTunes and baseball tickets.

Waide's attorney, Todd P'Poole, said his client is the founder and majority shareholder of the company and has a right to use company credit cards for personal use.

The two sides met privately after four hours of testimony. Whitfield said Waide and his attorney agreed to employ a custodian to monitor the company's finances and agreed to immediately stop paying Waide his $100,000 salary.

Whitfield said the case will 'definitely' go to trial. P'Poole said he plans to prove Myers and Holmes benefitted more from the company than Waide.

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