Former investors recovered the judgment, interest and legal expenses through a court-approved sale of Allen’s interests in nine companies.
Collection efforts against Lubbock businessman Joshua Allen have concluded after a court-appointed receiver recovered $835,000 for two former investors in an Amarillo Walk-On’s Sports Bistreaux venture.
State District Judge John Grace approved a request to end the receivership after attorney Max Tarbox reported that he had collected the money required to cover the judgment, interest, attorney fees and receivership expenses, according to court-record reporting by Lubbock Lights.
The resolution closes the collection phase of a civil lawsuit brought by Jeffrey Tait Crow and Raiderland Holdings, a company owned by Chance Britt. It does not resolve separate civil and criminal proceedings involving Allen and Ferrum Capital.
Dispute began with Amarillo restaurant investment
Crow and Raiderland sued Allen, Johnny Qubty and related business interests in 2023 after the partnership that operated the Amarillo Walk-On’s became insolvent.
The plaintiffs alleged that money was removed from the restaurant operation and used for other purposes without the knowledge of other investors. Allen disputed allegations of wrongdoing and argued in court filings that the COVID-19 pandemic hurt the restaurant’s profitability.
Walk-On’s opened its Amarillo restaurant in 2020. The company’s corporate office later took control of the location, which remained in operation after the local ownership group’s financial problems.
Qubty reached an out-of-court settlement before the claims against Allen went to trial.
Following a 2025 trial, Grace found that Allen and his company, WTX WO, had breached duties owed to the investors. The judge awarded Crow and Raiderland a combined net judgment of $575,000, plus interest and other costs.
The court’s judgment awarded Crow $150,000, reduced by a previous $35,000 settlement, for a net award of $115,000. Raiderland received a $600,000 award, reduced by an earlier $140,000 settlement, leaving a net award of $460,000. Prejudgment interest added more than $80,000 to those amounts.
Although the investors also accused Allen of securities fraud, Grace found that the evidence did not support that part of their case. The civil judgment was based on the court’s finding that Allen breached his duties to the investors.
Receiver turned to Allen’s ownership interests
When the judgment remained unpaid, Grace appointed Tarbox as receiver over Allen’s nonexempt property and certain assets belonging to WTX WO.
A judgment receiver can take control of property that is legally available to satisfy a court award. Texas law protects some assets, including certain homestead property, from collection.
The receivership order authorized Tarbox to identify, take possession of and sell Allen’s nonexempt assets. That authority included Allen’s ownership or partial ownership in several businesses.
Tarbox ultimately negotiated an agreement with David Neufeld Sr., David Neufeld Jr., Ramon Neufeld and William “Billy” Neufeld. Under the agreement, the Neufeld parties paid $835,000 to purchase Allen’s interests in nine companies:
- Allneu Ranch LLC
- Allneu Storage LLC
- Allneu Petroleum LLC
- Profit Ran Enterprises Inc.
- Workout Unit 64 LLC
- 1150 Holdings LLC
- Neufeld-Allen Farms LLC
- NFRV Park LLC
- ANE 34th & Chicago LLC
Grace considered the proposed settlement at an April 1 hearing and signed an order approving it on April 6. Allen and his wife, Chanda Allen, participated through their attorney.
While most of the agreement’s details remained confidential, court filings identified the $835,000 payment as consideration for Allen’s ownership interests.
After collecting the money, Tarbox asked the judge on May 7 for permission to close the receivership. Grace subsequently approved the request, completing the investors’ effort to enforce the Walk-On’s judgment.
Ferrum proceedings remain separate
The end of the Walk-On’s receivership does not settle Allen’s separate legal disputes connected to Ferrum Capital.
A different court-appointed receiver is pursuing assets for people who say they lost money through Ferrum. In June, a judge approved restrictions intended to prevent Allen and related businesses from disposing of certain assets while those recovery efforts continue. The judge found that Allen and two related companies were probably insolvent and that the Ferrum receiver was likely entitled to pursue relief, according to the court’s temporary-injunction proceedings.
Allen and Ferrum co-founder Michael Cox also face federal criminal charges, including allegations involving securities and wire fraud. Their trial was scheduled to begin Aug. 10 in San Antonio after a federal judge denied Allen’s request for another delay.
Those charges remain allegations. Allen and Cox are presumed innocent unless proven guilty in court.
