Battle Between Kemp, Investment Firm Over $500K Loan Continues In Court
A firm, RLP Investments, says Georgia gubernatorial candidate Brian Kemp guaranteed a company he invested in, Hart Agstrong LLC, would repay a loan. The investment firm claims it is still owed $500,000.
John Amis / Associated Press file
Attorneys for Georgia gubernatorial candidate Brian Kemp appeared in court Wednesday.
It’s part of an ongoing legal battle between Kemp and an investment firm, which says he owes them $500,000.
The firm, RLP Investments, says Kemp guaranteed a company he invested in, Hart Agstrong LLC, would repay a loan — money that never came.
“Show me the money. Where’s the $500,000?” said the plaintiff’s attorney, Patrick O’Brien, who called the case “simple.”
But attorneys for Kemp and Hart Agstrong described the case as “messy.”
Matthew Reeves, an attorney for the defendant, argued that the loan was complicated by RLP Investments, which, he said, failed to finish paperwork needed to complete the loan. Now, the defense said the terms of the loan have expired.
They also accused RLP Investment’s attorneys of throwing a “tantrum” and politicizing the case to hurt Kemp’s campaign.
The night before the hearing, Georgia Democrats sent out a press release that said Kemp “is now trying to default on his responsibilities, hurting those who trusted him most.”
In the past, Kemp has criticized his opponent in the governor’s race, Stacey Abrams, for owing money to the IRS.
After hearing the arguments, Superior Court Judge George Hutchinson said he will decide on the case “shortly.”
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