Phoenix Colvard, a local company owed by Eric and JocelynHunter, claims in a complaint filed in Ashe County court that ithired Sheldon Good to market 477 acres of local property, calledPhoenix Mountain. In a widely distributed news release, PhoenixColvard states it was referred to Sheldon Good by JP Morgan ChasePrivate Client Services and paid the firm for real estateadvertisements in the Wall Street Journal and New York Times.

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Phoenix Colvard claims to have supporting documentation ofcharges for a number of ads that were never placed, adding thatSheldon Good did not respond to numerous requests for tear sheetsover a nine-month period. The company's release refers to SheldonGood as the "largest Wall Street Journal real estateadvertiser."

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Norman Berger, a Chicago attorney representing Sheldon Good,says the company submitted every element of the marketing programfor the Phoenix Mountain auction to the seller for review andsupplied status reports as the ads were published. He adds thatSheldon Good satisfactorily handled the sale of the Jeffersonproperty three years ago, but only last week did Phoenix Colvardrequest ad tear sheets.

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"Their charges are categorically denied and completelybaseless," Berger tells GlobeSt.com. He says Sheldon Good willvigorously defend the lawsuit filed last Friday, adding thatPhoenix Colvard's principals "will be held accountable for it."

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In its press release, Phoenix Colvard identifies John A.McAllister Jr., a property broker from Columbia, SC, asrepresenting Sheldon Good in the North Carolina property deal.McAllister tells GlobeSt.com that he performed all duties andresponsibilities to the satisfaction of both parties. "It's just acurious situation," he adds.

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Andrew Miller, vice president of New York-based MillerAdvertising, says the ads in question did in fact appear in bothpapers and that tear sheets are available in both hard copy andelectronic form. "We have in our possession all of the supportingdocuments necessary not only to challenge the Phoenix Colvardallegation, but to reflect our flawless stewardship of thisaccount," Miller said in a prepared statement.

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Efforts to reach Phoenix Colvard by telephone have beenunsuccessful this week.

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