Palmetto State Bank and PMPED set up with Satterfields
A party named in a civil lawsuit against former South Carolina attorney Richard “Alex” Murdaugh agreed to settle out of court, and another unnamed party also settled. The recent settlements by Palmetto State Bank and Peters Murdaugh Parker Eltzroth and Detrick, PA, with the Satterfield estate are the latest repairs to the ongoing Mudaugh saga.
Several settlements of many parties have been made for the heirs of Gloria Ann Satterfield, Murdaugh’s housekeeper who died after an accident at Murdaugh’s home in Colleton County, SC
To date, Bland Richter, LLP, attorneys for the Satterfield heirs, have negotiated more than $ 6.5 million in settlements for their clients, with the most recent settlements coming from Palmetto State Bank and the former firm of Murdaugh’s attorneys, PMPED. The Palmetto Bank settlement was announced late last week, shortly after the conclusion of the PMPED settlement.
“We are very proud of the work we have done on this case, but we are far from done,” Satterfield lawyer Eric Bland said. “These boys didn’t deserve this, and when you have deserving clients, it makes it a whole lot easier.”
On February 2, 2018, Satterfield, a longtime Murdaugh housekeeper, fell and hit her head in the Colleton County estate of Murdaugh at 4147 Moselle Road. This is the same property where Murdaugh’s wife, Maggie, and her youngest son, Paul, were shot and killed on June 7, 2021, in an ongoing homicide case without arrest. While hospitalized since the fall, Satterfield suffered a stroke, went into cardiac arrest and died on February 26, 2018.
After his death, Murdaugh reportedly arranged for his housekeeper’s heirs, Brian Harriott and Michael “Tony” Satterfield, to sue his insurance company. Murdaugh, who reportedly worked through his banker friend Chad Westendorf and lawyer friend Cory Fleming, negotiated a $ 4.3 million insurance settlement, but the heirs never received the money.
On September 15, 2021, attorneys for the heirs filed a civil action in Hampton County against Murdaugh, Fleming, Westendorf, Palmetto State Bank in Hampton and the law firm of Fleming, Moss, Kuhn & Fleming, PA, of Beaufort , SC. alleges conversion, civil conspiracy and breach of fiduciary duty in relation to the processing of the Satterfield settlement.
While lawyers said they could not disclose the exact amount of the settlement, Bland, speaking on behalf of himself and his partner, Ronnie Richter, added that not only did Satterfield’s estate resolve their differences with the Palmetto State Bank, “We have recovered a total of over $ 6.5 million from multiple sources.”
These sources, he added, include Westendorf, Fleming, Moss, Kuhn & Fleming, several insurance companies and PMPED.
Bland said that after Murdaugh allegedly stole the settlement from the Satterfield heirs, one of Satterfield’s sons was in financial difficulty and lost his family home through repossession.
âAlex knew about it and let it go, and it was absolutely despicable,â Bland said. “It caused Brian, the vulnerable adult, to be thrown out onto the streets. That fact alone keeps my oven hot every day.”
Bland said his company will continue to pursue other parties potentially involved in the case, including Bank of America and in particular Murdaugh.
“We won’t stop until the last person involved is held accountable, including Alex Murdaugh,” Bland said. “The gig is on Alex Murdaugh – whatever power he had before, and the relationships he had before, are toast.”
On October 16, 2021, Murdaugh, while in custody on charges related to a Labor Day weekend suicide insurance program, was issued warrants by the Enforcement Division of the SC Act and charged with two counts of obtaining property under false pretenses in connection with the Satterfield insurance plan.
On Thursday, November 11, Bland Richter and Palmetto State Bank attorneys released the following joint statement:
Palmetto State Bank and the law firm Bland Richter, LLP are pleased to announce that a settlement has been reached between the bank and the estate of Gloria Satterfield, Tony Satterfield and Brian Harriott which ends the pending lawsuit between them .
“Although Palmetto State Bank never managed the settlement funds and was not responsible for the alleged actions of Alex Murdaugh, Palmetto State Bank and its board of directors made the business decision to prioritize the ending this business for the mutual benefit of Mrs. Satterfield’s sons, her clients and shareholders, and the Hampton community at large.
“The Satterfield family appreciates the Palmetto State Bank decision, agrees it has acted responsibly, and confirms that Palmetto State Bank continues to be a good corporate citizen in Hampton County and throughout South Carolina.”
Palmetto State Bank is represented by G. Trenholm Walker and Thomas P. Gressette, Jr. of Walker Gressette Freeman & Linton, LLC.
While Murdaugh also faces a wrongful death lawsuit related to a fatal 2019 boating accident allegedly caused by his late son, Paul, and a lawsuit involving embezzled funds from PMPED, a South Carolina judge has last week approved a petition to freeze and monitor all assets until these civil cases are resolved.
Murdaugh’s attorneys did not respond to emails seeking comment.
Murdaugh argues 5th Amendment in PMPED lawsuit
On Friday, November 12, Murdaugh’s lawyers asserted their client’s 5th Amendment right not to self-incriminate in response to a lawsuit filed by his former law firm.
PMPED, a Hampton, SC-based law firm, sued former partner Murdaugh on October 6 in state court to recover money he allegedly stole from the firm and the firm’s clients over the course of several years.
“Defendant asserts his privilege against self-incrimination guaranteed by the constitutions of the United States and South Carolina and respectfully refuses not to respond to the allegations,” said the brief legal file to the Court of Pleas Colleton County Commons.
In early September, before his trial, PMPED issued the following statement:
âOn Friday September 3, 2021, Alex Murdaugh resigned from the law firm. It is no longer associated with PMPED in any way. His resignation came after PMPED discovered that Alex had embezzled funds in violation of PMPED standards and policies. accounting firm will be retained to conduct a thorough investigation. The police and the bar of the SC were informed by the PMPED. ”
Murdaugh is at the center of several ongoing and ongoing criminal and civil cases, even as he awaits his days in court without bail at the Richland County Detention Center in Columbia, SC