Wednesday, November 19, 2008
News Lawsuit against mayor's daughter settled
Posted by Mara Shalhoup on Wed, Nov 19, 2008 at 10:50 PM
A lawsuit against Kai Franklin Graham, who was supposed to go on trial Monday in federal bankruptcy court, has been settled, according to documents filed today in federal bankruptcy court.
Free At Last Bail Bonds had sued Graham in late 2005 to recover $185,000 the company lost after her then-husband, major cocaine trafficker Tremayne “Kiki” Graham, cut his ankle monitor and went on the run. Kai Franklin Graham, the daughter of Atlanta Mayor Shirley Franklin, had filed for bankruptcy in early 2005 to avoid having to repay the bond.
According to court documents, Free At Last settled for a fraction of what it sought — just $6,000.
As of last month, it had appeared all but certain that the case would go to trial. “We’ve talked about [a settlement] many times,” Cameron McCord, an attorney for Free At Last Bail Bonds, said during an October hearing. “I just think we’re too far apart.”
Free At Last had claimed Graham misled authorities about her financial situation and her knowledge of her then-husband’s whereabouts, and therefore shouldn’t be allowed to receive bankruptcy protection.
Comments (3)
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Awww Mara, aren't you so upset you didn't have anything to report on this case? Too bad you aren't impartial enough to state the obvious - that Free At Last's allegations were baseless. Anybody that would settle a $185,000 lawsuit for $6,000 is clearly trying to pick up pocket change on the way out the door. Good luck sensationalizing on your next BMF story...this one didn't have legs.
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