BT Stone Hill, LP v. Ashley Development Corp.

CourtSuperior Court of Pennsylvania
DecidedDecember 21, 2021
Docket970 EDA 2021
StatusUnpublished

This text of BT Stone Hill, LP v. Ashley Development Corp. (BT Stone Hill, LP v. Ashley Development Corp.) is published on Counsel Stack Legal Research, covering Superior Court of Pennsylvania primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
BT Stone Hill, LP v. Ashley Development Corp., (Pa. Ct. App. 2021).

Opinion

J-A26031-21

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT I.O.P. 65.37

BT STONE HILL, LP : IN THE SUPERIOR COURT OF : PENNSYLVANIA Appellant : : : v. : : : ASHLEY DEVELOPMENT : No. 970 EDA 2021 CORPORATION :

Appeal from the Judgment Entered April 14, 2021 In the Court of Common Pleas of Lehigh County Civil Division at No(s): 2019-C-0322

BEFORE: BOWES, J., STABILE, J., and McCAFFERY, J.

MEMORANDUM BY McCAFFERY, J.: FILED DECEMBER 21, 2021

BT Stone Hill, LP (Appellant) appeals from the judgment entered in the

Lehigh County Court of Common Pleas, after a non-jury trial, in favor of Ashley

Development Corporation (Appellee) in the amount of $0.00.1 Appellant ____________________________________________

1 On April 14, 2021, the trial court entered an order announcing its verdict in favor of Appellee. On the same day — and thus before the 10-day period for filing a post-trial motion expired — the court also entered judgment. See Shonberger v. Oswell, 530 A.2d 112, 115 (Pa. Super. 1987) (an “initial[ ] and erroneously labelled[ ] judgment[,] entered before the filing and denial of post-verdict motions, . . . was premature and void”). On April 23rd, Appellant filed a post-trial motion and, before the trial court ruled on it, a notice of appeal on May 14th. On May 19th, the court filed an order, staying the post- trial motion pending this appeal.

On July 9, 2021, this Court issued a per curiam rule to show cause on Appellant as to whether this Court had jurisdiction to hear the appeal. See Melani v. Nw. Eng’g, Inc., 909 A.2d 404, 406 (Pa. Super. 2006) (“The entry of an appropriate judgment is a prerequisite to this Court’s exercise of jurisdiction and ‘an appeal filed while a post-trial motion is pending before (Footnote Continued Next Page) J-A26031-21

alleges the trial court erred when it found: (1) it did not suffer actual damages;

(2) Appellee did not breach its indemnity agreement with Appellant; and (3)

Appellant’s unjust enrichment claim was precluded because “the relationship

between Appellant and Appellee was governed by a contract[.]” Appellant’s

Brief at 27. For the following reasons, we affirm.

Appellant, a real estate development company in Altoona, Pennsylvania,

is owned by its sole managing member, Bruce Thaler. Appellee, a land

planning and development firm in Bethlehem, Pennsylvania, is owned by its

sole shareholder, Louis Pektor.

____________________________________________

[the] trial court will be considered premature . . . .’”). Appellant responded that although it had filed the post-trial motion, “in an abundance of caution, and given that the Trial Court’s Order went as far as to enter judgment in favor of Appellee, Appellant thought it appropriate to adequately preserve its appeal rights by timely filing an appeal within 30-days of the Trial Court’s Order[.]” Appellant’s Show Cause Brief at 14-15. Appellant argued this Court has jurisdiction over this matter, where “the Trial Court failed to take any action within the 30-day time period following the entry of judgment that would toll the . . . time for appeal[.]” Id. at 15-16.

In light of the foregoing, including Appellant’s lack of objection to the trial court’s not ruling on its post-trial motion, as well as the lack of any objection by Appellee, we deem Appellant’s May 14, 2021, notice of appeal timely filed. See, e.g., Eichman v. McKeon, 824 A.2d 305, 310, n.1 (Pa. Super. 2003) (“As judgment was properly entered on February 21, 2001, we will regard as done what ought to have been done and treat this appeal as if properly filed from the judgment.”).

While counsel for Appellant purports to appeal from the order docketed on April 14, 2021, we note the appeal properly lies from the judgment entered in favor of Appellee docketed the same day. We have corrected the caption accordingly.

-2- J-A26031-21

The trial court made the following findings of facts. In May 2007,

Appellee obtained a $561,000 loan from Embassy Bank, secured by the

“Bergstresser” and “406-408 East Third Street” properties.2 Trial Ct. Op.,

4/14/21, at 6. The maturity date of the loan was February 28, 2013. First

Omnibus Amendment to the Indemnity Agreement, 3/25/13, at 1.

On March 25, 2013, Appellant, Appellee, and Embassy Bank signed an

Omnibus Agreement, wherein they agreed to shift the collateral from

Appellee’s Embassy Bank loan to a property Appellant owned in Lower

Macungie Township in Lehigh County, Pennsylvania. First Omnibus

Amendment to the Indemnity Agreement at 1; Trial Ct. Op. at 6-7.

Additionally, the maturity date of Appellee’s Embassy Bank loan was extended

approximately three years, to March 30, 2016. Id. Appellant signed this

agreement as Limited Guarantor. Trial Ct. Op. at 7.

On the same day, Appellee signed an Indemnity Agreement with

Appellant. Trial Ct. Op. at 7. In relevant part, the indemnity agreement

provided:

3. In consideration of the execution by [Appellant] of the Mortgage and Guaranty, [Appellee] agrees to pay [Appellant] an annual fee equal to 1% of the outstanding balance of the Loan payable upon execution of this Agreement and upon each anniversary thereafter until the Loan is paid in full. The outstanding balance of the Loan shall be determined as of the close of business the day prior to the date upon which the payment is due.

2 The record does not indicate where these properties are located.

-3- J-A26031-21

4. [Appellee] agrees to indemnify [Appellant] from and against any claims, demands, losses, damages, liabilities, costs and expenses, including attorneys’ fees, which [Appellant] may incur in connection with the Guaranty or the Mortgage or which are in any way related to Embassy’s or its successor’s exercise of their rights and remedies under the Mortgage, the Guaranty, or the Loan against [Appellant], including, without limitation, any amounts [Appellant] may pay in compromise or settlement of any of the foregoing.

5. In the event [Appellee] fails or refuses to pay any amounts due to [Appellant] pursuant to this agreement within ten (10) days of written demand therefor from [Appellant, Appellant] shall be entitled to all rights and remedies available in law or in equity to collect such amounts shall accrue interest at the rate of ten (10%0 percent per annum until paid.

Indemnity Agreement, 3/25/13, at 1-2 (unpaginated).

In September 2015, Appellant sought financing from Malvern Bank “to

move forward with construction at [its property] encumbered by the $561,000

Mortgage held by Embassy Bank as collateral for” Appellee’s Embassy Bank

loan.3 Trial Ct. Op. at 8 (footnote omitted); N.T. Non-Jury Trial, 12/3/20, at

54. However, Malvern Bank required the Embassy Bank loan be satisfied, paid

off, or “moved”4 because Malvern Bank would not “permit any subordinate

debt.” Trial. Ct. Op. at 9; N.T. Non-Jury Trial, at 34, 54.

On September 16, 2015, Embassy Bank approved Thaler and his wife,

Phyllis, in their individual capacities, for a “personal commercial” loan for

3 The trial court stated Thaler obtained financing from Malvern Bank, however the notes of testimony clarify it was Appellant who sought financing. Trial Ct. Op. at 8 (footnote omitted); N.T. Non-Jury Trial, 12/3/20, at 54.

4Throughout his testimony, Thaler stated the loan must be “moved,” but did not provide further explanation. See N.T. Non-Jury Trial, at 34, 54.

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BT Stone Hill, LP v. Ashley Development Corp., Counsel Stack Legal Research, https://law.counselstack.com/opinion/bt-stone-hill-lp-v-ashley-development-corp-pasuperct-2021.