Meanwhile, Basham's legal battle with Grillo represents a power struggle over who will be calling the shots at WMPI.
The true owner of WMPI will have a legal claim to whatever can be salvaged in the aftermath of this real estate brawl.
WMPI has a direct interest in three west Little Rock developments, The Colonnade Shopping Center, West Markham Shopping Center and Hinson Corners Office Building.
Backed by a 50 percent claim in WMPI, Grillo brought his fraud suit against Charles Basham.
His suit claims that Basham was using WMPI as a conduit to funnel money to and from other projects.
For example, money might come to WMPI from its West Markham Shopping Center project and go to the Sherwood Oaks Shopping Center, in which Basham has part ownership.