Wednesday, October 12, 2011

Business briefs: Tim McGraw, Curb Records hearing scheduled

A Nov. 29 court hearing here will decide whether country music star Tim McGraw can record any new albums during an ongoing legal dispute with Curb Records.

Curb Records filed suit against McGraw in May, alleging breach of contract by the singer whose career was launched by the label two decades ago.

McGraw counter-sued, seeking a ruling that would release him from his contract with Curb entirely.

A trial date in the contract dispute has been set for July 9, 2012.

The Nov. 29 hearing, which is expected to last two days, will “first make a final determination on whether or not Curb is entitled to prevent Mr. McGraw, by injunction or otherwise, from recording for other entities other than Curb,” court records state.

— Anita Wadhwani

Woman sentenced in fraud case

A Kentucky woman has been sentenced to six years in prison for her role in an investment scam that federal prosecutors said defrauded more than 50 victims of nearly $3 million.

Federal prosecutors said 66-year-old Ann Scarborough was sentenced in federal court in Nashville for her October 2010 conviction for wire fraud and money laundering.

Prosecutors said she and others sought investors for non-existent real estate projects involving strip malls in Las Vegas, a Disney theme park in Middle Tennessee, a medical center in Arizona, new land for the Bonnaroo music festival near Manchester, Tenn., and others.

— Associated Press

Company to pay back wages

Mid-Continental Restoration Co. Inc. has agreed to pay $99,093 in back wages to 47 employees at its Murfreesboro location after a probe by the U.S. Department of Labor’s Wage and Hour Division found violations of the Fair Labor Standards Act.

In addition to paying back wages, the company has agreed to change its business practices so that all hours worked, including travel time, will be accurately recorded and paid at least at the applicable minimum wage, and overtime payments will be calculated according to appropriate provisions, the labor department said.

Mid-Continental Restoration Co. is headquartered in Fort Scott, Kan., and has additional offices in Indiana, Oklahoma, South Dakota, Tennessee and Texas.

— Staff reports

Investor buys McKendree Village

The McKendree Village retirement community in Hermitage has been sold to an Atlanta-based investor for $17.6 million. Covington Senior Living LLC acquired the community through its Nashville Healthcare Investors LLC unit, according to Davidson County property records.

McKendree Village is Covington’s fourth such retirement community. Molly Morand, vice president of Covington Senior Living, said the buyer plans to keep McKendree Village a faith-based community and retain a chaplain. Morand said the firm is evaluating renovations to the campus and possible expansion of services.

— Getahn Ward