Dinosaur Merchant Bank Limited v. Bancservices International LLC

District Court, E.D. Missouri·Decided September 3, 2021·No. 1:19-cv-00084·Unknown

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF MISSOURI SOUTHEASTERN DIVISION

DINOSAUR MERCHANT BANK LIMITED, ) ) Plaintiff, ) ) v. ) Case No. 1:19 CV 84 ACL ) BANCSERVICES INTERNATIONAL LLC, ) ) Defendant. )

MEMORANDUM AND ORDER

This matter is before the Court following the Eighth Circuit Court of Appeals’ dismissal of Defendant Bancservices International LLC’s (“BSI”) appeal. I. Procedural Background On December 6, 2019, this Court granted Plaintiff Dinosaur Merchant Bank Limited’s (“Dinosaur”) Motion for Judgment on the Pleadings. (Doc. 33.) Specifically, the undersigned held that Dinosaur was entitled to judgment on the pleadings as to its breach of contract claim, and directed BSI to return the funds at issue to Dinosaur along with interest, costs, and attorney’s fees. Because Dinosaur requested the same relief as to its remaining claims of conversion and breach of good faith and fair dealing, the Court indicated that it “need not reach these additional claims.” Id. at p. 19. The Court granted Dinosaur’s request for the entry of final judgment under Rule 54(b), and entered final judgment in favor of Dinosaur in the amount of $3,469,718.26 “on Plaintiff’s Complaint.” (Doc. 49.) BSI appealed this judgment. (Doc. 59.) Following oral argument, the Eighth Circuit Court of Appeals sua sponte asked the parties to address the following issues: (1) the status of Dinosaur’s claims of conversion and breach of good faith and fair dealing; (2) if the claims are still pending, does the Court’s decision in Outdoor Central, Inc. v. GreatLodge.com, Inc., 643 F.3d 1115 (8th Cir. 2011), require the Court to dismiss the appeal for lack of judication? (Doc. 194.) In an opinion dated August 6, 2021, the Eighth Circuit held that Outdoor Central required the dismissal of BSI’s appeal because the two related claims were still pending. (Doc. 199.)1

On August 6, 2021, this Court directed the parties to provide a status report within fourteen days informing the Court how the parties wished to proceed in light of the Eighth Circuit’s decision. (Doc. 201.) On August 13, 2021, BSI and Non-Parties Glenn Ault, Jr.; The Bancservices Group, Inc.; Javier Goicochea; Thompson International, Ltd, Inc; and BSI Group LLC filed a “Motion to Dismiss [Dinosaur’s] Motion for a Creditor’s Bill and for Other Relief & Motion to Vacate & Quash all Postjudgment Proceedings.” (Doc. 202.) Non-Party Linda Jeanne Ault subsequently joined in the Motion of BSI and the other Non-Parties. (Doc. 208.) On August 20, 2021, Dinosaur filed a Status Report in response to this Court’s August 6, 2021 Order. (Doc. 204.) Dinosaur contemporaneously filed a “Motion of Plaintiff for an Order

to Resolve the Status of Certain Claims in Connection with the Judgment on the Pleadings Motion, to Hold Certain Pending Motions in Abeyance, and to Mandate the Payment of Sanctions Previously Ordered” (Doc. 205), along with a combined Memorandum in support of its Motion and Memorandum in opposition to BSI’s Motion to Dismiss (Doc. 206). BSI and the Non-Parties filed a Status Report pursuant to the Court’s Order on August 20, 2021. (Doc. 207.) They filed a combined Reply in support of their Motion to Dismiss and Response in opposition to Dinosaur’s Motion on August 30, 2021. (Doc. 211.)

1The formal mandate was issued on August 30, 2021. (Doc. 210.) II. Discussion A. Dinosaur’s Pending Claims The Eighth Circuit found that Dinosaur’s conversion and breach of the covenant of good faith and fair dealing claims were still pending when this Court granted judgment on the

pleadings to Dinosaur on the breach of contract claim. Because the pending claims stem from the same factual allegations and raise similar legal issues as the breach of contract claim, the Eighth Circuit held that the Rule 54(b) certification was inappropriate. There was, therefore, no final decision to appeal. As previously noted, the parties have filed separate status reports following the Eighth Circuit’s decision. Dinosaur argues that, to the extent that this Court has not dismissed the two related claims, it is appropriate for the Court to now reach them in connection with the prior judgment on the pleadings motion. (Doc. 204.) Dinosaur contends that further briefing is not required. Dinosaur argues in the alternative that, if the “Eighth Circuit was not correct and this Court dismissed those claims then this Court should simply enter a judgment accordingly.”

(Doc. 206 at p. 3.) BSI argues that the litigation on Dinosaur’s conversion and breach of good faith and fair dealing claims remains pending pursuant to the Eighth Circuit’s opinion. (Doc. 207.) Given the subsequent events in this case since Dinosaur filed its Motion for Judgment on the Pleadings, Dinosaur argues that it would be beneficial to the parties and the Court to provide supplemental briefing focusing on the conversion and breach of good faith and fair dealing claims. BSI proposes a briefing schedule of September 9, 2021 for BSI to provide additional briefing and September 24, 2021 for Dinosaur to provide any response. BSI further advises that it intends to file a motion for reconsideration of the Court’s judgment on the pleadings with respect to the breach of contract claim, along with a motion for leave to file an amended answer and affirmative defenses. The Eighth Circuit is unequivocal in its finding that Dinosaur’s conversion and breach of good faith and fair dealing claims were pending at the time this Court granted Dinosaur’s Motion

for Judgment on the Pleadings. Because Dinosaur has not subsequently dismissed these claims, they remain pending at this time. As such, this Court must reach the merits of those claims in connection with Dinosaur’s Motion for Judgment on the Pleadings. The Court agrees with Dinosaur that the issue of whether Dinosaur is entitled to judgment on the pleadings on its conversion and breach of good faith and fair dealing claims has already been fully briefed. Although a significant amount of time has passed and dozens of motions have been filed, none of these subsequent developments impact the Court’s resolution of these issues. Allowing for additional briefing would only result in further delay. Accordingly, BSI’s request for additional briefing on Dinosaur’s conversion and breach of good faith and fair dealing claims is denied. The Court will determine whether Dinosaur is

entitled to judgment on the pleadings on its conversion and breach of good faith and fair dealing claims based on the previously filed pleadings (Docs. 21, 31, 32) in due course. B. Post-Judgment Proceedings BSI argues that, in light of the Eighth Circuit’s decision that there was no final judgment, the April 17, 2020 Judgment entered by this Court was improperly certified as final and is therefore vacated. (Doc. 202.) Because no final judgment existed, BSI argues that Dinosaur is not entitled to a creditor’s bill or to enforce a judgment, and all post-judgment proceedings are a nullity. BSI therefore argues that Dinosaur’s pending motions should be dismissed, and all post- judgment orders should be vacated and all post-judgment writs should be quashed. Dinosaur agrees that an application for a creditors’ bill requires a judgment, but requests that the Court hold this motion in abeyance rather than dismiss it. (Doc. 206.) Dinosaur argues that its efforts to enforce the judgment were permissible notwithstanding the Eighth Circuit’s finding that the order was unappealable.

The Court will address these issues in turn. 1. Dinosaur’s Pending Motion for Creditor’s Bill Presently pending before this Court is Dinosaur’s Motion for a Creditor’s Bill and Other Relief with respect to the Court’s April 17, 2020 Judgment against BSI. (Doc.

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