Tag: jr media

More on the Verde Renfroe Dispute

Earlier this week, Billboard Insider wrote about a Verde Outdoor (“Verde”) lawsuit alleging fraud against JR Media, John “Jed” Renfroe, Christa Hurley (Jed Renfroe’s sister) and Marcus Ben Jones (collectively “Sellers”. It appears that legal difficulties between the parties commenced with a Petition for Declaratory Judgement filed over a year ago […]

Verde Sues Jed Renfroe for Fraud

Incentives matter.  A post-closing performance based payout on an out of home acquisition provides incentive for a seller to artificially boost revenues.  That’s the lesson of the Verde Outdoor Media (“Verde”)  versus JR Media, John “Jed” Renfroe, Christa Hurley (Jed Renfroe’s sister) and Marcus Ben Jones (collectively “Sellers”).  Here’s the […]