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Graduate’s Novel to Be Published

Contact: Ralph Derickson

Photo of Phillip Allen
Phillip Allen

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Allen attributes a lot of his “tremendous interest in literature” to the professors who taught him in the English department in UK’s College of Arts and Sciences. He had particular praise for the teachings of professors Art Wrobel and Steven Weisenburger.

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August 19, 2003 (Lexington, Ky.) -- A book, written by 1994 University of Kentucky English graduate Phillip Allen titled “Play Money,” will be published in September by SOHO Press in New York City, N.Y. The book examines and satirizes the big-money mania of the 1990s dot-com era.

Allen, who has a law degree from Duke University, practiced corporate law in New York City during that high-tech-fueled stock market craze.

Because of a few similarities between himself and the protagonist in the novel, Allen said the first third of his book might be considered “a little bit autobiographical.” The essential plot and the great majority of the book, however, are “strictly creative” and “it is definitely not my life story,” Allen said.

“For one thing,” he pointed out, “the central character is a native North Carolinian rather than a native Kentuckian.” Allen said his research for the novel included some extensive studying of venture capitalists, Wall Street analysts, and the technology behind companies like the one he creates in his book.

Allen will be available to sign his new book at 7 p.m. Monday, Sept. 29, at Joseph-Beth Booksellers in the Lexington Green and at 7 p.m. Tuesday, Sept. 23, at Hawley Cooke on Shelbyville Road in Louisville.

Allen attributes a lot of his “tremendous interest in literature” to the professors who taught him in the English department in UK’s College of Arts and Sciences. He had particular praise for the teachings of professors Art Wrobel and Steven Weisenburger.

“One of the important things about learning to write,” he said, “is learning how – and what – to read and my undergraduate English classes were very instrumental in doing that for me.”

In the novel, Tim Fletcher, a young lawyer, is irresistibly drawn to the now well-publicized shortcut to financial success of launching a new high-tech, dot-com company in the hopes of capitalizing on an initial public offering of the company’s stock. “You've got to read the book to find out whether the effort is successful,” the first-time author suggested in an interview.

Publishing a new book is not the only excitement Allen and his wife, Teri, who holds both a finance degree and a master’s in business administration from UK’s Gatton College of Business and Economics, have experienced in the past year.

After leaving New York City last December where Allen had worked at the law firm of Cadwalader, Wickersham and Taft, the couple decided to take a cross-country car trip before settling down in Louisville.

On a stop in San Luis Obispo, Calif., their son, John Phillip “Jack” Allen, was born four months prematurely. The infant remained in the neonatal intensive care unit in a San Louis Obispo hospital for three months before he was flown back to Louisville’s Kosair Children’s Hospital in Louisville where he remained another month. He has been released from Kosair and is now home and doing well.

For a preview of the book, “Play Money,” click here.


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