"...If FDIC lawyers need a road map to pursue fraud claims against Gary Bradley to collect on a $73 million debt, they would likely turn to the lawsuit that First Gibraltar Savings Bank brought against James Gressett in 1995...."
"...Until just a few weeks ago, the more cynical folks keeping tabs on Gary Bradley's bankruptcy were giving odds that the high-rolling developer would coast through the process, win a dismissal of his $73 million debt to the taxpayers, and be back in action the very next day. End of story...."
"...Moffett and Bradley began cooperating in 1992, when Bradley was trying to stave off foreclosure on the 3,200-acre Circle C Ranch, which he has been working on since 1981. First Gibraltar Bank of Dallas, representing the Resolution Trust Corp., wanted to foreclose on the property because Bradley and his partners defaulted on $118 million in development loans..."
"...Before getting into the details of Bradley's latest litigation, here's a quick review of his other flirts with Lady Justice: In 1990, Bradley and James Gressett were sued by First Gibraltar Federal Savings Bank for non-payment of four loans they received from the failed Gibraltar Savings Association of Houston. The suit also sought repayment of a fifth loan, a $15 million personal note..."