Last week Jeff Jenkins, one of Bernhard Capital Partners’ founders, told The Current the company’s plans for LUS include making it part of what will ultimately be a Fortune 500 company headquartered in Lafayette. This week, his partner Jim Bernhard confirms that Lafayette has out-of-state competition for that proposed corporate headquarters, a city Bernhard says has an “advantage” over Lafayette because that contemplated transaction has not leaked to the press.
As part of its plan to take over management of LUS’s electric division, Bernhard Capital Partners is presenting a vision of creating a Fortune 500 company headquartered in Lafayette.
Longtime Cajundome Director Greg Davis didn’t think it was right that he hold onto his $160,000 a year job while having to deliver news to seven other employees that their positions were being eliminated. So the 63-year-old, who has worked for the Cajundome since it opened in 1985 — 25 years as director — announced he’ll retire at the end of October, three years earlier than he’d planned.
Much of the City-Parish Council, already disillusioned that it was left in the dark during negotiations, appears unified in opposition to LUS’s electrical division changing hands.
Talks between the Robideaux administration and Bernhard Capital Partners over the potential purchase of Lafayette Utilities System have been ongoing since at least the beginning of the year.
The gist: It’s now clear that Mark Knight is the big fish prosecutors want in the Knight Oil Tools racketeering case. As our May reporting indicated was likely to happen, court records now reveal that former Lafayette Parish Sheriff’s Deputy Jason Kinch pleaded guilty in late June to one count of public bribery and one […]
[UPDATE: Chris Williams has resigned. Read The Advertiser’s June 8 story here.] ▸ The gist: SMILE Community Action Agency remains in a state of utter chaos. With Williams at the helm, the agency last year lost $14 million in federal funding to operate Head Start and Early Head Start learning classes in Iberia, Lafayette and St. Martin […]
▸ The gist: Former Stabil Drill executive Chris Russo suffered a major setback a few days ago when a Texas appellate panel shot down his attempt to invoke the Fifth Amendment to avoid turning over a cache of emails to Superior Energy Services. Superior sued Russo and another top executive in 2016 for tens of millions of dollars, alleging […]
A U.S. district court ruling could ultimately hamper a key legal strategy in Marshal Brian Pope’s pending criminal trial.