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Cobb EMC Board Summoned Before Judge

Judge Stephen Schuster, Cobb Co. Cobb County Superior Court Judge Steve Schuster reacts to attorneys Wednesday as they try to persuade him to allow Cobb EMC to rehire its indicted former chief executive officer, Dwight Brown. 5/18/2011 (Vino Wong, AJC)
(Vino Wong, AJC)

The board that runs Cobb EMC is due in court Friday, for a hearing on whether they have met the terms of a four-year-old legal settlement.

In June, Cobb Superior Court Judge Stephen Schuster told the board they could not rehire former CEO Dwight Brown, since the 2007 settlement specifically said he had to go.  The lawsuit against Brown and the cooperative's board members alleged â€œgross mismanagement, breach of fiduciary duty, self-enrichment and a waste of corporate assets."

Brown has since been reindicted on charges of looting the EMC's assets via its for-profit spinoff, Cobb Energy, for his own enrichment.

Judge Schuster will also discuss elections for board members.  There have been none since 2007.

A group of ratepayers called the Cobb EMC Owners Association has drawn up a list of possible candidates for the board.

Friday's hearing is expected to last at least a couple of hours.  Schuster wrote in June that the board had been dragging "its collective feet" in implementing the terms of the agreement.

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