435 Elm Invest., L.L.C. v. CBD Invest. Ltd.

2025 Ohio 4606
CourtOhio Court of Appeals
DecidedOctober 3, 2025
DocketC-230599 & C-240596
StatusPublished

This text of 2025 Ohio 4606 (435 Elm Invest., L.L.C. v. CBD Invest. Ltd.) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
435 Elm Invest., L.L.C. v. CBD Invest. Ltd., 2025 Ohio 4606 (Ohio Ct. App. 2025).

Opinion

[Cite as 435 Elm Invest., L.L.C. v. CBD Invest. Ltd., 2025-Ohio-4606.]

IN THE COURT OF APPEALS FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

435 ELM INVESTMENT, LLC, : APPEAL NOS. C-230599 C-240596 Plaintiff-Appellee, : TRIAL NO. A-1603148

vs. :

CBD INVESTMENTS LIMITED, et al., : JUDGMENT ENTRY Defendants, :

and :

RONALD GOLDSCHMIDT, :

Defendant-Appellant. :

This cause was heard upon the appeals, the record, the briefs, and arguments. For the reasons set forth in the Opinion filed this date, the appeals are dismissed. Further, the court orders that costs be taxed under App.R. 24. The court further orders that (1) a copy of this Judgment with a copy of the Opinion attached constitutes the mandate, and (2) the mandate be sent to the trial court for execution under App.R. 27.

To the clerk: Enter upon the journal of the court on 10/3/2025 per order of the court.

By:_______________________ Administrative Judge [Cite as 435 Elm Invest., L.L.C. v. CBD Invest. Ltd., 2025-Ohio-4606.]

IN THE COURT OF APPEALS FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

435 ELM INVESTMENT, LLC, : APPEAL NOS. C-230599 C-240596 Plaintiff-Appellee, : TRIAL NO. A-1603148

CBD INVESTMENTS LIMITED, et al., : OPINION Defendants, :

Civil Appeals From: Hamilton County Court of Common Pleas

Judgments Appealed From Are: Appeals Dismissed

Date of Judgment Entry on Appeal: October 3, 2025

Taft, Stettinius & Hollister LLP, Philip D. Williamson, Sonya Jindal Tork, Russell S. Sayre and Nicholas J. Pieczonka, for Plaintiff-Appellee,

Statman, Harris, LLC, Alan J. Statman and William B. Fecher, for Defendant- Appellant. OHIO FIRST DISTRICT COURT OF APPEALS

ZAYAS, Presiding Judge.

{¶1} This case concerns the issuance of a charging order to recover on an

unpaid judgment. This is the second time this matter has appeared before this court.

The first charging order—issued by the trial court under the now repealed R.C.

1705.19(A)—was reversed by this court in 435 Elm Invest., LLC v. CBD Invest. Ltd.

Partnership, 2020-Ohio-943 (1st Dist.) for—in essence—exceeding the bounds of the

statute. Now, the instant appeal arises from the issuance of a new charging order by

the trial court under the recently enacted R.C. 1706.342 (effective Apr. 12, 2021).

{¶2} Defendant-appellant Ronald J. Goldschmidt appeals from the new

charging order, raising several assignments of error for this court’s review. However,

for the reasons more fully explained below, we hold that the appeals are moot due to

certain intervening bankruptcy orders—issued during the pendency of the appeal—

that discharged the debt and avoided “any and all judgment liens” in favor of

substituted-plaintiff-appellee 435 Elm Investment, LLC (“435 Elm”). Consequently,

we dismiss the appeals.

I. Background

{¶3} Initiated by a complaint in May 2016, the underlying dispute—

concerning money owed on a loan—ultimately culminated in—among other things—a

2018 judgment against Goldschmidt and defendant CBD Investments, Inc.—

guarantors of the loan—and in favor of 435 Elm in the amount of $1,553,253.26.

{¶4} Shortly after judgment was entered, 435 Elm moved for a charging

order against Goldschmidt’s membership interest in several entities under former R.C.

1705.19. The trial court granted the motion for the charging order, but—as mentioned

above—the order was ultimately reversed by this court for exceeding the bounds of the

statute. See 435 Elm, 2020-Ohio-943 (1st Dist.).

3 OHIO FIRST DISTRICT COURT OF APPEALS

{¶5} Several years later, 435 Elm filed a motion for Goldschmidt to appear

for a judgment-debtor examination. At a subsequent hearing held in front of the

magistrate, counsel for the parties presented arguments regarding whether

Goldschmidt was medically able to attend the debtor’s exam. Counsel for 435 Elm

opined that Goldschmidt presented nothing from a medical professional stating that

he could not appear for an examination. On the other hand, counsel for Goldschmidt

opined that, based on his knowledge, Goldschmidt did not “have the ability to sit for a

judgment debtor’s exam.” Ultimately, the magistrate entered an order on July 24,

2023, requiring Goldschmidt to appear for the judgment-debtor examination on

August 24, 2023.

{¶6} Just prior to the scheduled examination, Goldschmidt requested a

continuance based on a recent diagnosis. Counsel for the parties appeared before the

magistrate on August 24, 2023, and presented arguments as to whether this diagnosis

called for a continuance. The magistrate ultimately found that Goldschmidt could

appear for the judgment-debtor examination and issued a citation for Goldschmidt to

appear on September 7, 2023.

{¶7} Goldschmidt filed a motion to set aside the citation order and to

continue the debtor’s examination.

{¶8} Nevertheless, on September 7, 2023, counsel for the parties appeared

before the magistrate. The transcript suggests that the parties received an email from

the trial court to proceed with the hearing in front of the magistrate “accordingly,”

which they did. Counsel for 435 Elm requested that the magistrate hold Goldschmidt

in contempt for not appearing but provide him with an opportunity to purge the

contempt by remotely appearing at the debtor’s exam the following week and paying

435 Elm’s attorney fees. Counsel for Goldschmidt indicated agreement to appear

4 OHIO FIRST DISTRICT COURT OF APPEALS

remotely for the debtor’s exam but opposed all matters of contempt.

{¶9} The magistrate granted the contempt request, finding that Goldschmidt

should have appeared that day since no stay was issued pending his motion to set

aside. Because Goldschmidt did not appear, the magistrate said that he was “going to

hold [Goldschmidt] in contempt and issue a bench warrant in this matter.” However,

since there was an agreement for Goldschmidt to appear remotely for the debtor’s

exam, the magistrate said that Goldschmidt could purge the contempt by participating

in the debtor’s exam at that time. The magistrate further said, “And, at that point, I

will take into consideration any motion for sanctions for attorney fees for the previous

three [missed dates].” The magistrate suggested that it would enter a contempt order

that day. However, no such order appears in the record.

{¶10} Goldschmidt appeared at the debtor’s exam on September 13, 2023. At

the exam, he testified to having a 100 percent ownership interest in RSJJ Investments

Limited LLC (“RSJJ”) and RJG Investments Limited LLC (“RJG”) and a 95 percent

ownership interest in Elm Street Deli LLC (“Elm Street”) and Lunar Lounge LLC

(“Lunar Lounge”), with the five percent remaining interest being held by his son, Ryan.

{¶11} After the examination, 435 Elm filed an “emergency motion” for a

charging order. After responsive briefing, counsel for the parties again appeared

before the magistrate on September 27, 2023. At the hearing, the magistrate said that

he was going to grant the request for a charging order. Further, the magistrate said

that the prior contempt, related to Goldschmidt not appearing for the judgment-

debtor exam, “has been purged at this point.” However, the magistrate also stated,

I’m finding you in contempt. And at a future date, if there is a

motion for any fees or fines as it relates to that contempt, we’ll do that.

But he’s appeared.

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2025 Ohio 4606, Counsel Stack Legal Research, https://law.counselstack.com/opinion/435-elm-invest-llc-v-cbd-invest-ltd-ohioctapp-2025.