The investors who sued Lubbock businessman Joshua Allen over a failed Walk-On’s venture in Amarillo got their money. Last week State District Judge John Grace approved a request to bring collection efforts to a close.
The judgement, interest, attorney fees and the cost of a court-ordered receivership totaled $835,000.
Raiderland Holdings (owned by Chance Brit) and Jeffrey Tait Crow sued Allen and Johnny Qubty in 2023. Raiderland and Crow claimed money was taken out of the restaurant for other purposes leading to its failure. Allen’s response in court records said it was the impact of COVID that drove down profits.
The Walk-On’s corporate office took over the Amarillo location and it stayed open. Qubty settled out of court, but Allen went to trial in 2025 and lost.
When Allen did not pay, Judge Grace appointed Lubbock attorney Max Tarbox as a receiver to take control of Allen’s non-exempt assets including his ownership interest in various businesses.
Tarbox made a deal with David Neufeld Sr., David Neufeld Jr., Ramon Neufeld and William “Billy” Neufeld. They agreed to buy out Allen’s share in nine companies in exchange for $835,000 (which we covered here).
Tarbox collected the money, and asked Grace for permission to shut down the receivership on May 7.
Meanwhile, Allen remains under a federal indictment related to a company he co-founded with Michael Cox – Ferrum Capital. Ferrum is accused in multiple lawsuits of running a Ponzi scheme costing hundreds of investors millions of dollars.
Allen and Cox are scheduled for trial in August in San Antonio. Their business affiliate Brooklynn Chandler Willy pleaded guilty in March and will be sentenced in September.
Click here to see our Ferrum Capital coverage.
