Carpets of Dalton, Bank, Working on Settlement

Dalton, GA, Aug. 3, 2011 -- Both sides of a breach of contract lawsuit involving Carpets of Dalton have agreed to continue to work toward a settlement, according to a story in the Dalton Daily Citizen.

Attorneys for the plaintiff First Tennessee Bank and defendants Carpets of Dalton, Inc. were in U.S. District Court in Rome Tuesday and said they were working toward a settlement, but asked for another hearing in October.

First Bank of Tennessee filed the lawsuit in January, alleging that Carpets of Dalton defaulted on a $12.4 million loan.