First Federal Savings Bank v. Jefferson Savings & Loan Ass'n

640 F. Supp. 47, 1986 U.S. Dist. LEXIS 29431
CourtDistrict Court, E.D. Tennessee
DecidedFebruary 11, 1986
DocketNo. CIV-4-85-118
StatusPublished

This text of 640 F. Supp. 47 (First Federal Savings Bank v. Jefferson Savings & Loan Ass'n) is published on Counsel Stack Legal Research, covering District Court, E.D. Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First Federal Savings Bank v. Jefferson Savings & Loan Ass'n, 640 F. Supp. 47, 1986 U.S. Dist. LEXIS 29431 (E.D. Tenn. 1986).

Opinion

[48]*48MEMORANDUM AND ORDER

HULL, Chief Judge.

This action arises out of the sale of loan participations by a Virginia savings and loan to a Tennessee bank. The Virginia savings and loan, Jefferson, initially purchased the loans from Congressional Mortgage Corporation, where the loans originated. The loans were made on a condominium development project in Dallas, Texas.

The Tennessee bank, First Federal, claims that Jefferson, the Virginia savings and loan, made certain material misrepresentations regarding the loans which induced First Federal to buy its participation interest in the loans; that if First Federal had known the actual facts about these loans it would not have purchased the participation interest; and, that as a result of these misrepresentations as well as Jefferson's failure to comply with certain provisions of the participation agreement (hereinafter “the contract”), First Federal stands to suffer considerable losses. In its complaint, First Federal has asserted intentional or negligent misrepresentation, fraud and deceit, breach of fiduciary duty and breach of contract. The gist of this action is twofold: First Federal claims that Jefferson fraudulently induced it to purchase the loan participation; and, that Jefferson is not complying with the terms of the contract.

First Federal claims that someone from Jefferson telephoned First Federal in Tullahoma, Tennessee, with an offer to sell a participating interest in certain loans; that the oral communication was followed with a written offer in letter form dated June 24, 19831; that First Federal accepted the offer by executing the acceptance provision of the offer in Tullahoma and mailing it back to Jefferson; that the agreement was thereafter documented by an “Adjustable Loan Participation Agreement,” drafted and executed by Jefferson in Virginia, then mailed to First Federal in Tennessee where it was executed by First Federal.

No representative of Jefferson ever came to Tennessee, and no representative of First Federal ever went to Virginia. The making of this agreement, and the minimal negotiations that preceded it, occurred in interstate communications by mail and/or telephone. The contract provided that it was “made in the State of Virginia,” see Exhibit “B” to plaintiff’s complaint, and under its terms Jefferson was to service the loans for First Federal during their duration. This would include remitting payments, monthly reports, loan delinquency reports, etc. to First Federal in Tennessee over a thirty-year period.

Jefferson has moved to dismiss or for summary judgment on the basis that it has not established the minimum contacts necessary to permit the exercise of personal jurisdiction over it in this forum.

Service of process was procured on this defendant under Tennessee’s long arm statute, which permits the exercise of jurisdiction to the maximum extent allowed under the Fourteenth Amendment. Nicholstone Book Bindery, Inc. v. Chelsea House Publishers, 621 S.W.2d 560 (Tenn. 1981). The issue presented then, is whether in personam jurisdiction can be exercised over Jefferson under the aforementioned facts within the bounds of due process.

A three-part test has emerged in Tennessee to determine whether sufficient minimum contacts exist to justify in personam jurisdiction based on a single act:

“First, the defendant must purposefully avail himself of the privilege of acting in the forum state or causing a consequence in the forum state. Second, the cause of action must arise from the defendant’s activities there. Finally, the acts of the defendant or consequences caused by the defendant must have a substantial connection with the forum state to make the exercise of jurisdiction over the defendant reasonable.”

Southern Machine Company v. Mohasco Industries, Inc., 401 F.2d 374, 381 (6th Cir.1968).

[49]*49If the three-part test is satisfied we must then consider whether the exercise of jurisdiction based upon the defendant’s contacts comport with “traditional notions of fair play and substantial justice.” International Shoe Co. v. Washington, 326 U.S. 310, 316, 66 S.Ct. 154, 158, 90 L.Ed. 95 (1945). In such a consideration we will balance the interest of the state in adjudicating the dispute “against the defendant’s burden in defending himself in the forum state.” Nicholstone, supra, at 565, see also, Burger King Corporation v. Rudzewicz, 471 U.S. 462, -, 105 S.Ct. 2174, 2182, 2184, 85 L.Ed.2d 528, 543 (1985).

The entire analysis is somewhat complicated in this case by the fact that the complaint contains both tort and contract claims. As to the tort claim, jurisdiction over Jefferson seems easily found. Personal jurisdiction may be predicated upon T.C.A. § 20-2-214(a)(2) which subjects an out of state defendant to jurisdiction when the claim for relief arises from “any tortious act or omission within this state.” Id. Plaintiff claims that Jefferson fraudulently induced it to purchase the loan participation. There is no question that the fraudulent inducement occurred in Tennessee when Jefferson made certain representations regarding the loans in its offer to First Federal. Likewise, there is no question that these misrepresentations have caused (or will cause) injury in Tennessee.2 There is no doubt that the mere “doing of an act or the causing of a consequence in the forum state by the defendant can satisfy the requirements of the ‘minimum contacts’ test, (footnote omitted)”. Mohasco, supra, at 380. When a tortious injury has been inflicted within this state, personal jurisdiction lies in Tennessee, Jasper Aviation, Inc. v. McCollum Aviations, Inc., 497 S.W.2d 240 (Tenn.1972), so long as the contact with Tennessee is not fortuitous. See, World-Wide Volkswagen Corp. v. Woodson, 444 U.S. 286, 100 S.Ct. 559, 62 L.Ed.2d 490 (1980). It would indeed seem odd if we were to allow an out of state entity, whose sole contact with the state was a fraudulent act to escape jurisdiction for the reason that it did not have sufficient contacts with the forum. Although the contact in such a case is minimal, it is nonetheless purposeful. The cause of action arises from the defendant’s contact with the forum; and, the forum state has a substantial interest in affording its citizens convenient and effective redress in these circumstances. As to the tort claim, this analysis makes clear that the three-part test of Mohasco is satisfied, and jurisdiction is proper.

In Jasper Aviation, supra, the Tennessee Supreme Court faced a similar situation. An out of state defendant placed an advertisement for the sale of a certain aircraft in a trade publication which was circulated in Tennessee and throughout the United States.

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Related

International Shoe Co. v. Washington
326 U.S. 310 (Supreme Court, 1945)
World-Wide Volkswagen Corp. v. Woodson
444 U.S. 286 (Supreme Court, 1980)
Burger King Corp. v. Rudzewicz
471 U.S. 462 (Supreme Court, 1985)
Beal v. Caldwell
322 F. Supp. 1151 (E.D. Tennessee, 1970)
Nicholstone Book Bindery, Inc. v. Chelsea House Publishers
621 S.W.2d 560 (Tennessee Supreme Court, 1981)
Jasper Aviation, Inc. v. McCollum Aviation, Inc.
497 S.W.2d 240 (Tennessee Supreme Court, 1972)

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Bluebook (online)
640 F. Supp. 47, 1986 U.S. Dist. LEXIS 29431, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-federal-savings-bank-v-jefferson-savings-loan-assn-tned-1986.