Ivey, Jr. v. King
Annotate this CaseGarfield W. Ivey, Jr. appealed circuit court judgment in favor of James C. King. In 2007, King sued Dollar & Eads, P.C., Rhonda Dollar, and Phillip Eads ("Dollar & Eads"), Peggy G. Northcutt a/k/a Peggy G. Fannin ("Northcutt"), who was employed by Dollar & Eads, P.C., and Al Northcutt, asserting various claims related to an alleged embezzlement of funds belonging to dissolved entities in which King and Ivey were members. King and Ivey entered into a settlement agreement with Dollar & Eads, which settled King's and Ivey's respective claims against Dollar & Eads for $627,684. King and Ivey agreed to divide the settlement amount between them based on their ownership interests in the various dissolved entities. A dispute over the split of the settlement proceeds was the subject of this appeal: Ivey claimed King was entitled to a certain amount based on Ivey's computation of King's ownership interest in each of the dissolved entities. But the parties' disagreement over how to split the settlement was the subject of a series of motions and circuit court orders in an attempt to resolve the dispute. The last order from the circuit court denying Ivey's motion to alter, amend or vacate an April 11, 2012 judgment was denied, and that was appealed to the Supreme Court. Upon review, the Court found no error or abuse of discretion in denying Ivey's motion. Accordingly, the Supreme Court affirmed the circuit court's judgment.
Some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on it for legal research purposes.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.