Claim: Dippin' Dots owes nearly $11 million to bank
PADUCAH — Even today, people still call it the "ice cream of the future".
Now the company behind re-inventing a popular treat finds itself in financial trouble.
Dippin' Dots, Inc. help put Paducah, Kentucky, on the map, attracting national and worldwide attention. People can buy the unique ice cream in some local shops, at a number of amusement parks across the country, theatres and malls.
But Regions Bank is taking the locally-based company to court, claiming it defaulted on loans to the tune of nearly $11 million. The bank filed the initial complaint in January. This week, new motions were filed to speed up the process and the case heads to court in April.
The company denies the bank's allegations that it defaulted on loan payments.
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