Caserta v. Parker, No. Cv 036 32 75 S (Feb. 28, 2000)

2000 Conn. Super. Ct. 2893
CourtConnecticut Superior Court
DecidedFebruary 28, 2000
DocketNo. CV 036 32 75 S
StatusUnpublished

This text of 2000 Conn. Super. Ct. 2893 (Caserta v. Parker, No. Cv 036 32 75 S (Feb. 28, 2000)) is published on Counsel Stack Legal Research, covering Connecticut Superior Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Caserta v. Parker, No. Cv 036 32 75 S (Feb. 28, 2000), 2000 Conn. Super. Ct. 2893 (Colo. Ct. App. 2000).

Opinion

[EDITOR'S NOTE: This case is unpublished as indicated by the issuing court.]

MEMORANDUM OF DECISION RE: MOTION TO CERTIFY AS A CLASS (DOCKET ENTRY NO. 101)
Before the court is the plaintiffs' motion seeking class certification. The plaintiffs, James Caserta individually, James Caserta DDS IRA and James Caserta on behalf of First Trust Corporation,1 bring this nine count amended complaint against the defendants, Robert Parker, Investmark Capital, Inc. (Investmark Capital), Fairfield Resources Management, Inc. (Fairfield Resources), Rock Acquisition Limited Partnership (Rock Acquisition) and Fairfield Income Business Partners Limited Partnership (Fairfield Income Business Partners). In his complaint, Caserta alleges vexatious litigation (counts one and two), abuse of process (count three), negligent infliction of emotional distress (count four), conversion of partnership assets (count five), breach of fiduciary duty (count six), breach of contract (count seven), civil conspiracy (count eight) and violations of CUTPA (count nine). Caserta now moves for certification as the authorized representative of a class known as "The Limited Partners of Fairfield Income Business Partners Limited Partnership and Rock Acquisition Limited Partnership"2 for purposes of prosecuting counts five through nine.

Caserta alleges the following facts. Parker is a principal of Investmark Capital and/or Fairfield Resources, corporations that act as general partner(s) of Rock Acquisition and/or Fairfield Income Business Partners. Caserta is the owner and manager of an account known as James Caserta DDS IRA. Caserta placed funds in the account under the guidance of Parker, and is the account's sole beneficiary. First Trust Corporation (First Trust) is the legal custodian of the account.

During or after 1984, in response to Parker's solicitations, Caserta directed First Trust to purchase a limited partnership interest in Rock Acquisition and/or Fairfield Income Business CT Page 2894 Partners for $50,000. There are 129 limited partners in the partnership(s). All correspondence from the partnership(s) is addressed and mailed by Parker directly to Caserta as "James Caserta DDS IRA." All tax returns are sent directly to Caserta and all gains or losses in the IRA are taxed to Caserta. First Trust has delegated its right to sue in the present matter to Caserta and, in his amended complaint, Caserta added "James Caserta on behalf of First Trust Corporation" as a plaintiff in this action.

After becoming a limited partner, Caserta questioned and sought to investigate numerous partnership expenditures made by Parker and Investmark Capital and/or Fairfield Resources. In 1997, Parker instituted a civil action against Caserta. In 1998, the court granted Caserta's motion to strike the complaint for failure to state a cause of action. Thereafter, Caserta filed the present complaint against Parker alleging that, in exercising his duties as general partner, Parker mismanaged and continues to mismanage the partnership(s) to the detriment of the limited partners and for his own personal benefit and that of his corporations; has failed to disclose the true status of his interest in the partnership(s); has failed to disclose funds removed by him or his corporations from the limited partnership(s) for his personal use and enjoyment; has failed to properly and fully account for the activities, income and expenses of the limited partnership(s) has failed to disclose the adverse results of lawsuits or misrepresented their status; has failed to pay profits to the limited partners; and has sold the limited partners an interest in water which they already had a right to receive free of additional payment. The complaint seeks damages and temporary and permanent injunctive relief.

A
Standing
Parker argues that Caserta, both individually and as a beneficiary of First Trust, lacks standing to bring a class certification action because First Trust, not Caserta, was the entity that invested in the limited partnership(s). Parker argues that the only proper plaintiff is "First Trust Corporation for the benefit of James Caserta, DDA IRA," and that Caserta may not use the procedural device of a class action to bootstrap himself into the standing he lacks. CT Page 2895

Caserta replies that he has standing to sue because Parker's actions benefit or injure him directly, as James Caserta DDS IRA, and indirectly, as James Caserta. Caserta also argues that First Trust assigned him its right to sue in this matter and that, after amending his complaint to add "James Caserta on behalf of First Trust Corporation" as a plaintiff, the issue of standing became moot.

"Standing is the legal right to set judicial machinery in motion. One cannot rightfully invoke the jurisdiction of the court unless he has, in an individual or representative capacity, some real interest in the cause of action, or a legal or equitable right, title or interest in the subject matter of the controversy." (Internal quotation marks omitted.) NationwideMutual Ins. Co. v. Pasion, 219 Conn. 764, 768, 594 A.2d 468 (1991). "Standing is established by showing that the party claiming it is authorized by statute to bring suit or is classically aggrieved." (Internal quotation marks omitted.) Gillv. Diorio, 51 Conn. App. 140, 145, 720 A.2d 526 (1998). Aggrievement requires a showing that the party has "a specific personal and legal interest in the subject matter of the decision, as distinguished from a general interest . . . [and] that the specific personal and legal interest has been specially and injuriously affected by the decision. . . ." (Internal quotation marks omitted.) Light Rigging Co. v. Department ofPublic Utility Control, 219 Conn. 168, 173, 592 A.2d 386 (1991).

General Statutes § 52-106 provides: "An executor, administrator, or trustee of an express trust may sue or be sued without joining the persons represented by him and beneficially interested in the action." Consequently, the right of a beneficiary to bring an action at law or equity on its own behalf is limited. See §§ 281 and 282, 2 Restatement (Second), Trusts Trustees, pp. 42, 44 (1959). For example, "[w]here the trustee could maintain an action at law or suit in equity or other proceeding against a third person if the trustee held the trust property free of trust, the beneficiary cannot maintain an action at law against the third person, except . . . [i]f the beneficiary is in possession of the subject matter of the trust . . . ." 2 Restatement (Second), supra, § 281, p. 42. Similarly, "the beneficiary cannot maintain a suit in equity against the third person, except . . . [i]f the trustee improperly refuses or neglects to bring an action against the third person, the beneficiary can maintain a suit in equity against the trustee and the third person. . . .

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Fetterman v. University of Connecticut
559 A.2d 246 (Connecticut Superior Court, 1988)
Campbell v. New Milford Board of Education
423 A.2d 900 (Connecticut Superior Court, 1980)
Bradford v. Brennan
631 A.2d 1165 (Connecticut Superior Court, 1992)
Governors Grove Condominium Ass'n v. Hill Development Corp.
404 A.2d 131 (Connecticut Superior Court, 1979)
Owner-Operators Independent Drivers Ass'n of America v. State
553 A.2d 1104 (Supreme Court of Connecticut, 1989)
Light Rigging Co. v. Department of Public Utility Control
592 A.2d 386 (Supreme Court of Connecticut, 1991)
Nationwide Mutual Insurance v. Pasion
594 A.2d 468 (Supreme Court of Connecticut, 1991)
Arduini v. Automobile Insurance
583 A.2d 152 (Connecticut Appellate Court, 1990)
Gill v. Diorio
720 A.2d 526 (Connecticut Appellate Court, 1998)
Malchman v. Davis
761 F.2d 893 (Second Circuit, 1985)
Patrykus v. Gomilla
121 F.R.D. 357 (N.D. Illinois, 1988)

Cite This Page — Counsel Stack

Bluebook (online)
2000 Conn. Super. Ct. 2893, Counsel Stack Legal Research, https://law.counselstack.com/opinion/caserta-v-parker-no-cv-036-32-75-s-feb-28-2000-connsuperct-2000.