- Associated Press - Thursday, September 29, 2016

JACKSON, Miss. (AP) - A Jackson developer does not need to post up-front money while trying to overturn a ruling that ordered him to pay more than $600,000 for securities violations.

The Mississippi Court of Appeals ruled Tuesday that David Watkins won’t have to post an appeal bond. His attorney, Brad Pigott, argued Sept. 14 that Watkins was financially ruined by Secretary of State Delbert Hosemann’s “three years of crusading.”

Hosemann attorney Jim Smith argued an appeal bond would protect taxpayers.

In an administrative proceeding brought by Hosemann, a hearing officer found Watkins committed financial misdeeds involving redevelopment of Metrocenter Mall in Jackson and renovation of a Meridian police building.

The appeals court ruled in June that Watkins must repay $587,000 in misused bond money, plus $75,000 in fines. Watkins seeks a rehearing.



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