Marsh v. Wallace

MEMORANDUM OPINION AND ORDER

TOM S. LEE, District Judge.

In 2006, plaintiffs Kirk David Marsh, Kirk Russel Marsh and Marsh Investment Group, LLP entered into a $4.9 million transaction with defendant Aden “Bubber” Wallace for the purchase of approximately 150 residential rental properties which Wallace owned in Meridian and Quitman, Mississippi. Ater their purchase, plaintiffs came to believe they had been duped into purchasing the properties based on misrepresentations by Bubber Wallace, his wife Priscilla “Missy” Wallace, and by defendant Richard O’Dom, as to the historical monthly income of…