Fayette judge: Assets of Lexington Blue owner, wife will remain frozen
AI-generated summary reviewed by our newsroom.
- Judge Minnifield converted a temporary restraining order into a temporary injunction.
- Court froze Bradley and Courtney Pagel’s bank accounts and other financial assets.
- State alleges Lexington Blue took deposits, left $2M in unfinished roof work.
The financial assets of Brad Pagel, the owner of failed roofing company Lexington Blue, and his wife will remain frozen, a Fayette Circuit Court judge ruled Thursday.
Judge Dianne Minnifield on Oct. 9 converted a temporary restraining order into a temporary injunction that keeps in place a freeze on assets in bank accounts and elsewhere at the request of the Kentucky Attorney General’s office.
The state is investigating Lexington Blue and Brad Pagel under the Kentucky Consumer Protection Act after receiving multiple complaints about the company. Lexington Blue closed abruptly in April, with more than $2 million in roof repairs either not completed properly or never begun for hundreds of clients who paid deposits.
The company has filed for bankruptcy protection. According to testimony and court records, the Pagels and their company received nearly $400,000 in the year before Lexington Blue closed.
The Pagels have disputed that they have attempted to “conceal ... ill-gotten funds,” the judge noted. They sought to lift the asset freeze.
The injunction also prohibits the Pagels from engaging in the construction or roofing business in Kentucky.
