Is Greenwood & The Gathering Spot’s Reputation at Stake? Former CFO, TK Petersen Files Lawsuit Against Greenwood CEOs
The lawsuit claims that Greenwood failed to fulfill their obligation to make post payments as agreed upon, leading Wilson to seek damages in excess of millions of dollars and the return of the business to its former owners.
Atlanta, GA – In a shocking turn of events, Ryan Wilson, the former owner of The Gathering Spot, a popular Atlanta-based private membership club, has filed a lawsuit against Greenwood CEO Ryan Glover and Dr. Paul Judge, alleging fraud and deception. The lawsuit, filed in Fulton County Superior Court, accuses Greenwood of failing to fulfill their sales agreement, specifically pertaining to post payments. Additionally, this lawsuit follows the termination of former CFO T’Keel Petersen by Greenwood.
The Gathering Spot, known for its exclusive events, networking opportunities, and dedicated community, became a prominent destination for the city’s elite under Wilson’s ownership. However, the recent lawsuit sheds light on a dispute between Wilson and the current owners of Greenwood, which is headed by Ryan Glover (former owner of Bounce TV) and Dr. Paul Judge.
According to legal documents filed in Fulton County Superior Court, the lawsuit claims that Greenwood has reneged on their obligation to make the necessary post payments as agreed upon in their sales agreement. Wilson, who relinquished ownership of The Gathering Spot to Greenwood, is seeking damages in excess of millions of dollars, along with the return of the business to its former owners.
Further complicating matters, the termination of former CFO TKeel Peterson by Greenwood raises questions about the internal operations and financial stability of the company. Peterson, who reportedly played a vital role in managing the financial affairs of The Gathering Spot, was abruptly removed from his position. The circumstances surrounding his termination remain undisclosed.
Legal experts suggest that this lawsuit could have serious implications for both parties involved. If the court finds in favor of Wilson and determines that Greenwood committed fraud or engaged in deceptive practices, the financial consequences could be significant for Glover and Judge, as well as their associated businesses.
The Gathering Spot, once a thriving hub for entrepreneurs, industry leaders, and creatives in Atlanta, now faces an uncertain future. Many members have expressed concerns over the legal proceedings and the potential impact on the club’s operations. The fallout from this lawsuit could have lasting effects on the reputation and sustainability of The Gathering Spot.
Greenwood, a prominent firm associated with Ryan Glover and Dr. Paul Judge, has gained attention in recent years for its focus on economic empowerment within the Black community. However, this lawsuit casts a shadow on their business practices and threatens to undermine their reputation.
Instagram poster wrote the following @justeldredge
“It’s all over…although the doors of TGS are still open the spirit in which it existed will never be the same. Ryan @spotonrw and TK @spotontk built something beautiful that almost everyone in Atlanta has experienced. Maybe you were a member, maybe you attended an event, etc somehow or someway this space was special.
Like any space or atmosphere the wrong energy can ruin it. It’s no secret I was NOT a fan of Paul Judge @pauljudge becoming a part of The Gathering Spot. His reputation proceeded him and I have yet to meet a founder who worked with him come out better. Where we are today proves his reputation and rumors of his presence is true.
For that reason is why I was always skeptical of Greenwood. The truth is the entire play was completely deceptive because they took a very emotional time (George Floyd Era) for our people and leveraged our desire for more Black unity as a way to take our money.
Greenwood is not a black-owned bank. Greenwood is a financial Trojan horse created by Black leaders with influence and trust over our people. If you put your money in it you are banking with Coastal Community Bank a white-owned bank with very little to none Black leadership. Those who own Greenwood are responsible for telling us the truth and explaining why they lied. Unfortunately, Greenwood is owned by Paul Judge, Ryan Glover, and one of our talented and most popular leaders (Killer Mike) @killermike as well as one of our most historic icons (Andrew Young) and they both played a part in this betrayal.
Now Greenwood which is really a front for a white institution acquired @thegatheringspots and they are now allegedly replacing the original Black leadership with a white man. Disappointing is an understatement this is a direct attack on Black people, young Black men, and the spirit of entrepreneurship overall.
The last Fresh Prince pose…a representation that it’s time to move on and prepare for a new chapter. I want to give encouragement to Ryan and TK and thank them for what they did for us. I’m sorry you are going through this but just know the Arc of the Moral Universe is Long but it Bends Toward Justice.”
Both parties involved have refrained from making public statements regarding the litigation. While efforts to obtain comments from Greenwood CEO Ryan Glover and Dr. Paul Judge have been unsuccessful, it is expected that they will mount a vigorous defense against the allegations put forth by Wilson.
As the legal proceedings continue, industry insiders and members of the Atlanta community will closely monitor the developments in this high-stakes lawsuit. The outcome has the potential to reshape the landscape of Atlanta’s private membership club scene and will undoubtedly leave a lasting impact on all involved parties.
This is a developing story first reported by Hip Hip Enquirer
Disclaimer: This article is a product of investigative journalism and does not represent any final judgments or legal conclusions concerning the ongoing lawsuit.
