Tuesday, November 24, 2009
The probate court of Alabama is currently hearing an accounting dispute over the Estate of Harold Ruttenberg, former CEO of Just for Feet. The personal representatives of the estate seek approval of their actions and over $15 million dollars in their petition for final settlement. Two Ruttenberg estate beneficiaries contest the claimed expenses, asserting that money was misappropriated in violation of Alabama Code and that a conflict of interest among lawyers essentially caused the estate to overpay on a $15 million settlement agreement.
In re Estate of Harold Ruttenberg, Probate Court of Jefferson Country, Alabama.