Perkins Rowe sued over non-payments for security system

Perkins Rowe and its developer, Tommy Spinosa, have been hit with another lawsuit, this one for nearly $1.5 million. Michigan-based De Lage Landen Financial Services, which financed the security and surveillance system at the mixed-use development, filed suit last week in U.S. District Court in Baton Rouge claiming Spinosa defaulted on his lease agreement with the global financing company and owes $1.36 million plus $131,000 in interest for equipment, goods, software and services utilized in the security system. According to the lawsuit, Spinosa and two of his companies—Echelon Construction Services and JTS Realty—each guaranteed payment for the cameras, cables, monitors and other components that make up the high-tech security system. But last June, after failing to make any payments, De Lage Landen declared Perkins Rowe to be in default of its agreement. Besides the money it says it is owed, De Lage Landen is also seeking to foreclose on the equipment and software used in the system. An attorney for De Lage Landen said he could not discuss the lawsuit. Perkins Rowe’s lawyer did not return a call for comment.—Stephanie Riegel