Full Text and Excerpts from the Hunt Trustee Lawsuit Against Hyperion's Huddleston
I emerge from my hiatus with some interesting news on the Hunt Trustee litigation against Hyperion’s Albert Huddleston. I have obtained a copy of the Texas lawsuit (click here for .pdf 
4-29-08 Original Petition re Vranac v. Legacy, Inc. et al.pdf) as well as a listing of major players in Hyperion from the Texas Secretary of State’s Office (click here Hyperion Mgt team.mht).
The lawsuit is interesting reading, with some literary flourishes not always found in often dry petitions (complaints).
For example:
“… Since his marriage to Mary (Huddleston), Albert has pursued a variety of businesses—always unsuccessfully. Although he holds the title of chief executive officer of Legacy (the Hunt trust’s corporation that produces most of its income), his efforts in that position have been unproductive, expensive, and self-aggrandizing… . “
“… Albert (Huddleston) is well-known for his failed business ventures… . “
“… Albert (Huddleston) also requested that a distribution of an additional $20 million be made to Mary (Huddleston) to fund other misquided projects in Iraq and South Dakota. When Plaintiff informed him he was not agreeable to a distribution for these proposed expenditures, Albert became upset and threatened Plaintiff with a lawsuit… . “
Well, so much for Big Al having the Golden Touch. This is who Gov. Mike Rounds has climbed into bed with on this project.
I’m just sayin’.
Technorati Tags: Albert Huddleston, Mary Huddleston, Gorilla Project, Hyperion, Mary Hunt, Texas, refinery, lawsuits
Todd Epp
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Reader Comments (3)
Assuming that you accept as fact all the statements made by the people who are SUING him. In my experience, that kind of document can be "a little one-sided."
Skippy, Jr.:
Indeed. But the level of detail in the complaint gives it some credibility. Perhaps Mr. Huddleston is somewhere between a snake in the grass and the Savior of South Dakota.
I'm just sayin'.
Skippy, Sr.
The statements in this lawsuit are consistent with the research a few Union County residents have found when searching for information about the Huddleston family, past business ventures (all of which have been unsuccessful) and visiting with those who have had direct experience with Mr. Huddleston in the past.
It also might explain why Hyperion was recently in Washington asking for federal money to finance the proposed refinery in Union County. Albert Huddleston's money comes from his wife's trust fund, not from successful business ventures of his own. It's becoming obvious that he does NOT have the money or financial backing to pull of this project.
It is interesting to note that Vranac, who filed the lawsuit has been with Hyperion/Legacy Investments since 1995-plenty of time to have a true feel for Albert and Mary Huddleston's character and business tactics.