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MAYS v. VIVA LA VEGAN GROCERY, INC.

No. CV-21-614.

700 S.W.3d 750 (2024)

2024 Ark. App. 513

Richard MAYS, Jr.; Mays, Byrd & Associates, P.A.; Derrick Stephens; D. Stephens Management & Consulting, LLC; and Olena "Lola" Korneevets, Appellants v. VIVA LA VEGAN GROCERY, INC., Appellee.

Court of Appeals of Arkansas, DIVISION IV.

Rehearing Denied December 4, 2024.

Attorney(s) appearing for the Case

Malone Law Firm, by: Jerry L. Malone, for separate appellant Richard L. Mays, Jr.

Gill Ragon Owen, P.A., by: Christopher L. Travis, Little Rock; and Kenya G. Davenport, for separate appellant Mays, Byrd & Associates, P.A.

Charlie Cunningham, North Little Rock and Dustin A. Duke, for separate appellants Derrick Stephens, D. Stephens Management & Consulting, LLC, and Olena "Lola" Korneevets.

James, House, Swann & Downing, P.A., by: Matthew R. House, Little Rock and Kayla M. Applegate, Maumelle, for appellee.

This appeal is about an investment deal gone bad. Viva La Vegan Grocery, Inc. ("VLV"), agreed to invest $290,000, and D. Stephens Management & Consulting, LLC ("DSMC"), promised to use VLV's funds to obtain a standby letter of credit ("SBLC"), which DSMC, in turn, would "monetize" by using the SBLC as leverage to obtain a...

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