The litigation between Johnelle Hunt’s BHL Financing LLC and Little Rock’s One Bank & Trust is no more.
The federal case was dismissed on June 23 after a settlement was reached.
You might recall the lawsuit got rolling after BHL Financing landed a $14.7 million default judgment in September against One Bank’s holding company, OneFinancial Corp.
That action represented a second lawsuit to collect on financial guarantees made by former One Bank CEO Layton “Scooter” Stuart, who died in March 2013.
The guarantees were tied to an October 2002 reworking of $30 million of debt amassed by Stuart in business dealings with Hunt’s late husband, J.B. Hunt, founder of J.B. Hunt Transport Services Inc. of Lowell.
A chunk of that debt reflected money owed to the Hunt family for selling One Bank to Stuart.