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Update 2/26/2012: The Sun News reports that local endontist Wade Nichols was awarded a judgement of $8.6 million in his suit against Jack Divine.
Nichols has also filed against attorney Ross Lindsay who managed Nichols' pension fund in addition to advising Jack Divine. According to testimony in court documents, Lindsay was the key coordinator in the investment from Nichols to Divine that had originally been proposed at $10 million. The Sun News has more information about the whole story here.
First Report: Jack Divine of Divine Dining Group has been targeted in various lawsuits and judgements regarding non-payment for loans and investments.
The most recent is a disagreement between Divine and a local endodontist over whether $5 million was a loan or investment. The Sun News' investigative reporter David Wren has an in-depth report. Read it here.
The most surprising part of the story is the amount of debt Divine has piled on (over $25 million according to the story). Divine Dining operates some very popular local eateries:
- Ultimate California Pizza
- River City Cafe
- Nacho Hippo
- Bubba's Fish Shack
- Blue Crab
- Divine Fish House
- Divine Prime