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Posts Tagged ‘Michael Litz’


Shaun Hayes may have taken down another bank – Excel Bank now Simmons Bank.  Hayes was the largest stockholder and used the bank for himself and Michael Litz.  So goes three banks and counting: Sun Securities; Truman and Excel – you kidding me?. . .Apple has introduced a 7.9-inch iPad Mini tablet. ..Monday’s presidential debate broke all Fox News ratings with 11.5 viewers topping all its cable competition. . .In the DC Comics’ “Superman” (due in comic book stores today), the man of steel’s alter ego, Clark Kent, resigns from the Daily Planet and is speculated to be creating a blog similar to Huffington Post/Drudge Report. . .Yesteryore St. Louis Symph maestro Leonard Slatkin will take to the podiums special guest pianist at 7 p.m., Jan.14 for The Chamber Music Society at the Sheldon. . .Syndicated radio guy George Noory will intro Georgio Tsoukalos at 7 p.m., Sunday at the Sheraton City Center Hotel. Both Georges have worked together on The History Channel’s “Ancient Aliens”. . .The Grove remains the most edgy, creative, diverse and inclusive part of town where seven new storefront businesses have blossomed.  Among the newbies: Sameem Afghan Restaurant; Urban Breath Yoga; O’Shay’s Pub; Layla Lebanese; SoHo Restaurant and Lounge; City Boutique and Joyia Tapas.


Demos and Caesar Investment, LLC has sued Excel Bank, Shaun Hayes, Eighteen Investments, Inc., and the notorious Michael Litz. In July, Excel Bank sued Hayes and Litz and McKnight Man LLC, a company owned by Hayes, for a default on a $1 million loan. Truman Bank is also suing Hayes’ trust.


The 700 South Brentwood Condo Association has filed a lawsuit against Shaw Credit Investments and Shaun Hayes, its director and registered agent, for breach of contract concerning a settlement the two made in November, court documents show. The association is also seeking an injunction from St. Louis County Judge Michael Jamison, that would prevent a scheduled August tax sale on six of the units at 8054 Davis Drive and 700 South Brentwood in Clayton. 700 South Brentwood Association says Hayes has failed to make payments for all unpaid and delinquent taxes on the units he agreed to make under the November agreement. The association also alleges in the court documents that Hayes breached his fiduciary duty by undercapitalizing Shaw Credit investments and stripping the Shaw Credit of its assets to avoid creditors. The association is asking for a judgment of $40k plus any additional taxes levied on or after Dec. 31. In addition, the association is asking the court to find that it is the equitable owner of the units as of Dec. 1 and to appoint a receiver to manage Shaw Credit. Donna Webster is president of the association, which is represented by Todd Billy of the offices of Marvin Nodiff. Hayes has been involved in a litany of litigation in regard to his association with Michael Litz and Bellington Realty.

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