Internet Auction to be Held for Eagle Industries

About two months ago, things didn't look very good for Larry Gammons.

He lost his job and was given no notice by his former employer Eagle Industries LLC.

"We were later on told on around March 22nd that bank receivers had now taken control of eagle industries. I found out that knowledge through going up to eagle to retain my tools. Even as of this day, we've never been given formal knowledge that Eagle Industry has officially closed," said former Eagle Industries employee Larry Gammons.

In May, Warren Circuit Judge Steve Wilson has officially signed a judgment in favor of Citizens First Bank.

It all began when Citizens First Bank filed a civil suit back in mid-March against Eagle Industries for defaulting on a loan.

Even when Eagle Industries let go of several employees abruptly, Gammons said there was quite a response.

"When you have 300 people actually lose a job, the way the community, the city, the county and even the state all came together to help us. It was very assuring to see that it still matters," said Gammons.

Michael Bratcher served as the attorney for Eagle Industries and said they don't plan on any sort of an appeal.

He said there have been multiple people interested in specific assets of the company including machinery and sales contacts.

After everything now, for Gammons his road to a new future, he said for him was fortunately short.

"I went and filed my unemployment and then within a matter of a week, two weeks at most I was called by Akebono Brakes in Glasgow, Kentucky. They were very interested in trades which I had and I went for an interview," said Gammons.

And that interview landed him a job which he said he really likes.

Attorney Michael Bratcher also said there will be an internet auction starting at the beginning of July for materials formerly owned by Eagle Industries.


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