I am writing today to announce the closure of the New Mexico Independent. After three and a half years of operation in New Mexico, the board of the American Independent News Network, has decided to shift publication of its news…
Teague faces lawsuit for alleged unpaid loans
Rep. Harry Teague, D-N.M., and the four companies that he owns are facing a multi-million dollar lawsuit, Politico reports.
The lawsuit, by SunTrust Equipment Finance & Leasing Corp., alleges Teague’s companies (Eunice Well Servicing, ABC Rental, Teaco Drilling and Teaco Energy Services) did not pay off loans that were issued in 2006.
When contacted by Politico, Teague said that he did not know about the lawsuit. Teague told Politico in a statement through his office, “When I was elected to Congress, I turned over all day-to-day management of the company’s operations.”