Busbice v. Troutman Sanders, LLC

2021 IL App (1st) 200848-U
CourtAppellate Court of Illinois
DecidedMarch 26, 2021
Docket1-20-0848
StatusUnpublished

This text of 2021 IL App (1st) 200848-U (Busbice v. Troutman Sanders, LLC) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Busbice v. Troutman Sanders, LLC, 2021 IL App (1st) 200848-U (Ill. Ct. App. 2021).

Opinion

2021 IL App (1st) 200848-U Order filed: March 26, 2021

FIRST DISTRICT FIFTH DIVISION

No. 1-20-0848

NOTICE: This order was filed under Supreme Court Rule 23 and is not precedent except in the limited circumstances allowed under Rule 23(e)(1). ______________________________________________________________________________

IN THE APPELLATE COURT OF ILLINOIS FIRST JUDICIAL DISTRICT ______________________________________________________________________________

BILL A. BUSBICE, JR., an individual, ) Appeal from the OLLAWOOD PRODUCTIONS, LLC, a ) Circuit Court of limited liability company, and ECIBSUB, LLC, ) Cook County a limited liability company, ) ) Plaintiffs-Appellants, ) ) v. ) No. 2019 L 11459 ) TROUTMAN SANDERS, LLP, ROBERT E. ) BROWNE, JR., Individually, MICHAEL D. ) FRIEDMAN, Individually, and PAUL L. ) GALE, Individually, ) Honorable ) Margaret A. Brennan, Defendants-Appellees. ) Judge, presiding. ______________________________________________________________________________

JUSTICE ROCHFORD delivered the judgment of the court. Presiding Justice Delort and Justice Hoffman concurred in the judgment.

ORDER

¶1 Held: We affirmed the dismissal of plaintiffs’ legal malpractice complaint, finding that it was filed after the relevant two-year limitations period had expired.

¶2 Plaintiffs, Bill Busbice, Jr. and his companies Ollawood Productions, LLC and Ecibsub,

LLC, filed a three-count legal malpractice action against their former attorneys, defendants, No. 1-20-0848

Troutman Sanders, LLP, and three of Troutman’s partners Robert E. Browne, Jr., Michael D.

Friedman, and Paul L. Gale. The circuit court granted defendants’ motion to dismiss plaintiffs’

legal malpractice action pursuant to section 2-619(a)(5) of the Illinois Code of Civil Procedure

(Code) (735 ILCS 5/2-619(a)(5) (West 2018)), finding the claims time-barred under section 13-

214.3(b) of the Code (735 ILCS 5/13-214.3(b) (West 2018)). Plaintiffs appeal. We affirm.1

¶3 We set forth the pleadings in detail because the facts alleged therein and the various

attachments to those pleadings are dispositive to the circuit court’s disposition of the motion to

dismiss and to our resolution of the appeal.

¶4 In their legal malpractice action filed on October 16, 2019, plaintiffs alleged that beginning

in April 2013, a group of co-conspirators, led primarily by Steven J. Brown, James David

Williams, and Gerald Seppala approached Busbice and held themselves out as experienced film

industry insiders who had deals in place to fund the production or marketing of three feature films,

Made in America, The Letters, and Left Behind. One or more of the co-conspirators falsely

represented that they had already invested millions of their own monies on each film, that more

capital was needed, and that plaintiffs could take advantage of the “lucrative deal” by investing

their own money. Pursuant to these representations, plaintiffs invested about $5 million with the

co-conspirators.

¶5 The co-conspirators subsequently informed Busbice of an opportunity to invest an

additional $2 million in a fourth film, Angels Sing. In October 2013, plaintiffs retained defendants

based on their expertise in entertainment law, to investigate and obtain documentation regarding

1 In adherence with the requirements of Illinois Supreme Court Rule 352(a) (eff. July 1, 2018), this appeal has been resolved without oral argument upon the entry of a separate written order stating with specificity why no substantial question is presented. -2- No. 1-20-0848

the investments that plaintiffs had already entered into with the co-conspirators, and to “perform a

due diligence for any further investments.” As part of their due diligence, defendants were to verify

that the co-conspirators were actually investing their own money in each of the films in which they

asked plaintiffs to invest.

¶6 Defendant Friedman requested that the co-conspirators provide documents showing the

existence of a bank account holding the funds that Williams claimed to have invested in Angels

Sing. On October 29, 2013, Williams’ attorney, Barry Reiss, sent Friedman a purported October

28, 2013, screenshot of a Chase bank account showing a balance of $1,903,150.24. The first page

of the screen shot shows an account name of “Moment Factory, LLC.” The second page shows a

different account name, “Luxe One, Inc.” Friedman failed to immediately recognize the “obvious”

discrepancy in the account names, failed to request any actual bank statements, and failed to

contact Chase to verify the existence of the account. Despite the obvious phoniness of the Chase

screen shot, neither Friedman nor any of the other defendants informed plaintiffs that the

documentation provided by Williams was incomplete or false nor did they advise plaintiffs against

making any additional investments with the co-conspirators. Accordingly, plaintiffs invested

$2 million with the co-conspirators into Angels Sing as well as an additional $4 million into The

Letters.

¶7 Plaintiffs alleged that defendants learned in the Spring of 2014 that the co-conspirators had

“swindled” plaintiffs out of a total of almost $11 million by “using fake bank records, fake

agreements, fictitious people, and scores of audacious lies and misrepresentations” to induce them

to invest in the bogus films.

¶8 Defendants recommended that plaintiffs file a lawsuit against the co-conspirators in federal

court in California and sent Busbice three draft complaints. On May 28, 2014, defendants filed a -3- No. 1-20-0848

complaint on behalf of plaintiffs against the co-conspirators in the United States District Court for

the Central District of California alleging violations of federal securities law, common law fraud,

and conspiracy to defraud.

¶9 On September 10, 2014, defendants filed a complaint on behalf of plaintiffs against Barry

Reiss, Williams’ attorney, alleging violations of federal securities laws, common law fraud,

conspiracy to defraud, and aiding and abetting fraud and conversion. Defendants emailed Busbice

a draft of the complaint the day before and asked him to review it; Busbice responded the same

day, stating “it is the truth and the way it happened so I agree that we should file ASAP.”

¶ 10 Plaintiffs entered into a settlement agreement with the co-conspirators and with Reiss on

July 30, 2015, pursuant to which two of the co-conspirators, Williams and Brown, were to pay

plaintiffs $4.2 million. Williams and Brown did not make the requisite payments and plaintiffs

subsequently obtained a judgment on February 12, 2016, against all the co-conspirators in the

amount of $10.9 million on which they have collected about $3.3 million.

¶ 11 On November 15, 2016, defendants filed a complaint on behalf of plaintiffs against another

of the co-conspirators’ attorneys, Adrian Vuckovich, alleging civil conspiracy, negligence, breach

of fiduciary duty, and aiding and abetting fraud, conversion, and fraudulent transfers. The case

against Vuckovich was ultimately transferred to the Northern District of Illinois. The jury returned

a verdict in favor of Vuckovich and against plaintiffs on December 14, 2018.

¶ 12 Plaintiffs subsequently filed their legal malpractice action against defendants in October

2019. Count I alleged that Friedman committed legal malpractice by failing to: immediately

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Bluebook (online)
2021 IL App (1st) 200848-U, Counsel Stack Legal Research, https://law.counselstack.com/opinion/busbice-v-troutman-sanders-llc-illappct-2021.