David Griffin of Nashville, Tenn., filed a complaint on Feb. 28 in U.S. District Court Western District of Kentucky in Paducah against Charles Jones, Sarah Jones and five companies.
The companies include CA Jones Management Group, LLC; Integrated Computer Solutions, Inc.; Blackrock Investments, LLC; South Eastern Book Company, LLC; and College Book Rental Company, LLC, all of which are based in Murray.
Charles Jones serves as chief executive officer of CA Jones Management Group while Sarah Jones serves as president of the company.
The civil suit lists 11 counts as follows:
1. Appointment of a receiver against Integrated Computer Solutions, Blackrock Investments, South Eastern Book Company, College Book Rental, and CA Jones Management;
2. Securities fraud, violation of 15 U.S.C. section 78j against Charles Jones, Sarah Jones and CA Jones Management;
3. Breach of fiduciary duties against Charles Jones, Sarah Jones and CA Jones Management;
4. Fraud against Charles Jones, Sarah Jones and CA Jones Management;
5. Misappropriation against Charles Jones, Sarah Jones and CA Jones Management;
6. Breach of contract against Integrated Computer Solutions;
7. Breach of contract against Blackrock Investments;
8. Breach of contract against South Eastern Book Company;
9. Breach of contract against College Book Rental Company;
10. Unjust enrichment against Charles Jones, Sarah Jones and CA Jones Management;
11. Constructive trust against Charles Jones, Sarah Jones and CA Jones Management.
According to the complaint, Griffin and Charles Jones are business partners. The complaint states, “With Griffin committed financially to those companies by late 2008, C. Jones realized the potential for how lucrative the businesses could be for him if he had completely control and the ability to cause Griffin to provide even more money to make the businesses more valuable.”
The complaint goes on to state that Griffin was misinformed about business operations and that he would have acted differently if he had been privileged to accurate information.
Griffin’s attorney has not returned phone calls.
When contacted, Charles Jones issued a statement via email.
“David Griffin and I are 50-50 partners in several companies managed by C.A. Jones Management Group,” Jones’ statement reads. “Around a year ago, Mr. Griffin decided he deserved to own more than 50 percent. After several months of trying to negotiate a suitable resolution to his wishes, he was still not satisfied unless he owned substantially more of the businesses than me. When he determined I was unwilling to give into his demand he decided to file this suit. In my opinion it is baseless and has no merit. I believe that we will prevail in this suit.”
An answer to the complaint has not been filed in court, said Kelly Harris, deputy-in-charge/case manager for the Paducah office. The defendants have 21 days from the time the original complaint was filed to enter a response.