THETA, TN – In yet another jaw-dropping development, Regions Bank has pulled its corporate sponsorship of the Tennessee Walking Horse National Celebration.
Regions is one of the top bank holding companies in the United States. It operates in 16 states, has $118 billion in assets and is the largest corporation in the State of Alabama.
Regions has apparently decided it no longer wants to nor can it afford to be associated with the “Animal Cruelty” represented by the sore Big Lick Tennessee Walking Horse championed by the Celebration Chairman David L. Howard and TWHBEA President Steve Smith.
And at 1:00 p.m., Thursday, June 26, 2014, in Putnam County Circuit Court in Cookeville, Steve Smith’s TWHBEA (Tennessee Walking Horse Breeders & Exhibitors Association) will come before the bar of justice.
Pat Stout’s attorney has asked Circuit Judge Amy Hollars to grant a Motion For A Temporary Injunction in Pat Stout vs. TWHBEA and John Does, I-X. If Judge Hollars grants the Motion For Temporary Injunction against TWHBEA, then Pat Stout’s TWHBEA membership privileges will be restored until her $1 Million lawsuit is either tried or settled.
Pat Stout is represented by the capable Henry Fincher, Esq. of Cookeville.
At the May 2014 semi-annual TWHBEA meeting, the question was asked of President Steve Smith by several TWHBEA directors:
Does TWHBEA have liability insurance which will pay for defending TWHBEA against Pat Stout’s claim for damages due to Steve Smith’s Executive Committee’s alleged acts of malice perpetrated against Pat Stout?
The sore Big Lick irrationally blames Pat Stout for polling the TWHBEA members to obtain their opinion regarding passage of the PAST ACT. No one has ever had the courage to file a written Complaint against Stout alleging any wrongdoing.
An overwhelming 63% of the TWHBEA members voted “YES” to passing the PAST ACT. Things have been the same since 6,950 post card ballots arrived in the mail boxes of TWHBEA members, and there was not a thing that Steve Smith or David L. Howard could do about it.
Neither President Steve Smith or Sr. VP Walt Chism has provided a clear on the record answer to the question.
It is interesting to note that the attorney defending TWHBEA is Jacob Mathis, Esq. who is employed by attorney Kevin Kennedy of Clarksville, Tennessee. Neither Mathis nor Kennedy are known for insurance defense work, which is a specialized area of law. Insurance companies normally hire practitioners who do this kind of work on a regular basis.
Respected sources believe that:
- TWHBEA’s insurance does not cover the alleged acts of malice that Steve Smith and his crowd may have carried out against Pat Stout. And the insurance company may have informed Smith and company that it would defend the lawsuit, but TWHBEA would have to pay them.
- TWHBEA is using Kennedy’s Law Firm to hold down costs, and plans on settling tomorrow on terms favorable to them.
Please stay tuned for the latest on developments in Cookeville, Tennessee
And then there is the sound of a train a comin’.