Matt Winn has resigned as executive vice president of Luken Communications, which recently filed for bankruptcy.
A motion has been filed in Bankruptcy Court David to employ Byron Dagley, C.P.A. and USAdmin
Services, LLC to handle the finances of the Chattanooga-based firm.
The bankruptcy was filed in June after a federal jury in Arkansas returned a $47.4 million verdict against CEO Henry Luken for "fraudulent transfer."
Henry Luken launched Luken Communications in 2008 after he earlier made a fortune in the phone business.
A conflict between Equity Media and Mr. Luken occurred in early 2009, and the lawsuit was filed against him in 2010.
Mr. Luken also heads Luken Holdings with over 40 properties in Chattanooga, including the former extensive properties of U.S. Senator Bob Corker.
The Luken networks include RetroTV, The Nashville Network, MyCarTV, Frost Great Outdoors (FGO), TUFF TV, PBJ and My Family TV.