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Wednesday, May 14, 2008

Lawsuit Against Hyperion CEO Huddleston Makes Sioux City Paper

Dave Dreeszen of the Sioux City Journal gives the lawsuit against Hyperion CEO Albert Huddleston and his wife Mary some welcome mainstream media attention:

Trustees for the Hunt family trust denied a request from Albert Huddleston and his wife, Mary, to spend trust funds on a proposed oil refinery in Union County, S.D., a lawyer for one of the trustees said Tuesday.

The trustee, Miro Vranac Jr., thought it was a "dumb idea,'' to use the funds for such a speculative project, said Vranac's attorney, Bill Brewer of Dallas.

"Mr. Vranac's take on it was it was not the type of operation the trust should be investing in,'' Brewer said [Dave Dreeszen, "Lawsuit: Hyperion CEO, Wife Misused Trust Funds," Sioux City Journal, 2008.05.14].

I'd be curious to hear Vranac's opinion of using federal funds to guarantee loans for such a speculative project.

Unless I've missed something, still not a whisper of the story from the big South Dakota media, just the blogs.

Update 13:49 CDT: Gripe and ye shall receive: that Sioux Falls paper posts Dreeszen's report on the Huddleston lawsuit, as of 45 minutes ago.

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