Aurora Hill, Ltd. v. Bremner

2023 Ohio 3766, 226 N.E.3d 555
CourtOhio Court of Appeals
DecidedOctober 16, 2023
Docket2023-P-0005
StatusPublished
Cited by2 cases

This text of 2023 Ohio 3766 (Aurora Hill, Ltd. v. Bremner) 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
Aurora Hill, Ltd. v. Bremner, 2023 Ohio 3766, 226 N.E.3d 555 (Ohio Ct. App. 2023).

Opinion

[Cite as Aurora Hill, Ltd. v. Bremner, 2023-Ohio-3766.]

IN THE COURT OF APPEALS OF OHIO ELEVENTH APPELLATE DISTRICT PORTAGE COUNTY

AURORA HILL, LTD., CASE NO. 2023-P-0005

Plaintiff-Appellant, Civil Appeal from the - vs - Court of Common Pleas

JOHN BREMNER, Trial Court No. 2021 CV 00185 Defendant-Appellee.

OPINION

Decided: October 16, 2023 Judgment: Affirmed

Joseph P. Szeman, Hennig, Szeman & Klammer Co., LPA, The Matchworks Building, 8500 Station Street, Suite 245, Mentor, OH 44060 (For Plaintiff-Appellant).

Gerrit M. denHeijer, Giulitto Law Office, 222 West Main Street, P.O. Box 350, Ravenna, OH 44266 (For Defendant-Appellee).

ROBERT J. PATTON, J.

{¶1} Appellant, Aurora Hill, Ltd. (“Aurora Hill”), appeals from the judgment of the

Portage County Court of Common Pleas, granting summary judgment in favor of

appellee, John Bremner, on Aurora Hill’s claim seeking recovery of partnership funds

which it claims were improperly retained by appellee in violation of the limited partnership

agreement to which the parties were subject. At issue is whether the trial court properly

determined there is no genuine issue of material fact to be litigated on Aurora Hill’s underlying complaint alleging it was entitled to restitution such that appellee is entitled to

judgment as a matter of law. We affirm.

{¶2} The facts in this matter are in large part undisputed. Appellee is a resident

of Illinois who is a commodities trader. Argo Wealth Management, Inc. (“Argo”) is the

general partner of appellant. Aurora Hill is governed by a partnership agreement.

{¶3} On January 16, 2019, appellee executed a subscription agreement to

become a limited partner of Aurora Hill. The partnership agreement provides, in pertinent

part:

After the Partnership begins operations, an investor will become a Limited Partner in the Partnership on the first day of the month following receipt by the Partnership of the investor’s capital contribution and acceptance by the General Partner of such investor’s executed Limited Partnership Agreement, Subscription Agreement/Power of Attorney, Purchaser Questionnaire and any other documents required by the General Partner (collectively, the “subscription documents”) no less than five (5) days preceding the first day of the month.

{¶4} On February 1, 2019, Aurora Hill sent a letter to appellee accepting him as

a limited partner. Appellee invested $200,000 into the partnership. Notwithstanding the

above, Argo did not admit appellee into the limited partnership until March 1, 2019.

Appellee was made aware by Argo he was not admitted to the partnership in mid-

February. Apparently, appellee was contacted by the president of Argo who advised him

that, due to advice from Argo’s attorney, Argo did not invest his funds on February 1, 2019

for failure to disclose a specific fund in the limited partnership. According to appellee,

Argo’s president represented that appellee would become a participating member of the

limited partnership starting March 1, 2019.

Case No. 2023-P-0005 {¶5} Aurora Hill experienced significant losses in the month of February 2019

which caused a substantial drawdown in the partnership’s capital. According to Aurora

Hill, had appellee’s funds been properly accounted for as of February 1, 2019, his capital

account would have been negatively adjusted to reflect the losses incurred for that month.

{¶6} In July 2019, appellee ended his participation in the limited partnership and

submitted a request for redemption. Appellee redeemed $95,993.78 of his original

investment. Appellee would ultimately file an arbitration claim with the National Futures

Commission based on this transaction. That claim was unsuccessful, but the conduct of

Argo was found to be improper by the Commission.

{¶7} On April 7, 2021, Aurora Hill filed a complaint that sought recovery of

partnership funds to which it alleged appellee owed due to his technical admission to the

limited partnership on February 1, 2019. Aurora Hill essentially alleged appellee received

improper preferential treatment, of which he was aware and to which he acquiesced, by

Argo when it bumped appellee’s membership back to March 1, 2019. In doing so, Aurora

Hill alleged appellee was extended special treatment in order to avoid the losses

sustained by other limited partners during the month of February. Although not

specifically pleaded, Aurora Hill alleges its complaint stated a claim for restitution.

{¶8} Appellee filed a motion to dismiss to which Aurora Hill duly opposed. The

trial court denied the motion, concluding Aurora Hill sufficiently stated a restitution claim

to withstand a Civ.R.12(B)(6) challenge. The parties subsequently filed joint stipulations

and, in December 2022, filed their respective motions for summary judgment. The parties

additionally filed memoranda in opposition to the respective motions for summary

judgment.

Case No. 2023-P-0005 {¶9} On January 27, 2023, the trial court granted appellee summary judgment,

concluding that Aurora Hill’s complaint alleged a claim for unjust enrichment. And,

because the matter at issue was derivative of the partnership agreement, it was governed

by an express contract. The court therefore concluded there was no genuine issue of

material fact to support a claim for unjust enrichment and appellee was entitled to

judgment as a matter of law. Aurora Hill now appeals and assigns the following as error:

{¶10} “The trial court erred in granting the defendant-appellee summary

judgment.”

{¶11} Under its sole assignment of error, Aurora Hill asserts the trial court erred

in concluding that its cause of action was an unjust enrichment claim; instead, it insists

the complaint stated a cause of action in restitution and therefore genuine issues of

material fact remain for litigation. We do not agree.

{¶12} We review a trial court’s entry of summary judgment de novo, i.e.,

“‘independently and without deference to the trial court’s determination.’” Johnson v.

North Kingsville, 11th Dist. Ashtabula No. 2020-A-0031, 2021-Ohio-1012, ¶ 10, quoting

Brown v. Scioto Cty. Bd. of Commrs., 87 Ohio App.3d 704, 711, 622 N.E.2d 1153 (4th

Dist.1993) (citation omitted).

{¶13} Civ.R. 56(C) provides that summary judgment is proper when:

(1) [n]o genuine issue as to any material fact remains to be litigated;

(2) the moving party is entitled to judgment as a matter of law; and

(3) it appears from the evidence that reasonable minds can come to but one

conclusion, and viewing such evidence most strongly in favor of the party against whom

Case No. 2023-P-0005 the motion for summary judgment is made, that conclusion is adverse to that

party. Temple v. Wean United, Inc., 50 Ohio St.2d 317, 327, 364 N.E.2d 267 (1977).

{¶14} “[T]he moving party bears the initial responsibility of informing the trial court

of the basis for the motion, and identifying those portions of the record before the trial

court [e.g., pleadings, depositions, answers to interrogatories, etc.] which demonstrate

the absence of a genuine issue of fact on a material element of the nonmoving party’s

claim.” Dresher v. Burt, 75 Ohio St.3d 280, 292, 662 N.E.2d 264 (1996), citing Civ.R.

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