Fritscher v. Fritscher, II

CourtUnited States Bankruptcy Court, M.D. Louisiana
DecidedFebruary 13, 2025
Docket24-01005
StatusUnknown

This text of Fritscher v. Fritscher, II (Fritscher v. Fritscher, II) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, M.D. Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Fritscher v. Fritscher, II, (La. 2025).

Opinion

UNITED STATES BANKRUPTCY COURT MIDDLE DISTRICT OF LOUISIANA

IN RE:

MARK PATRICK FRITSCHER, II CASE NO. 23-10794 DEBTOR CHAPTER 7

JENNA SMITH FRITSCHER PAMELA SMITH MICHAEL SMITH PLAINTIFFS

VERSUS ADVERSARY NO. 24-1005

MARK PATRICK FRITSCHER, II DEFENDANT

MEMORANDUM OPINION This adversary proceeding was filed by Michael and Pamela Smith (sometimes “the Smiths”) and Jenna Smith Fritscher (“Jenna”) (collectively, “Plaintiffs”), seeking separate money judgments for damages associated with the demise of a business and declaratory relief that those claims, if any, should be excepted from the discharge of Mark Patrick Fritscher, II (“Patrick” or “Defendant”). With the consent of the parties, the related Objections to the Proofs of Claims of Plaintiffs filed by Patrick in the underlying case were consolidated at trial.1 Trial was held over three days on December 5, 6, and 10, 2024. The parties were afforded time to file post-trial briefs, and the court took the matter under advisement upon those filings being timely made on January 8, 2025. Shortly thereafter, Defendant filed a Motion to Strike2 with respect to an exhibit attached to Plaintiffs’ post-trial brief and certain arguments made in the brief alleged to be beyond the record of the case. Plaintiffs objected, and a hearing was held on February 5, 2025. The court granted the

1 Case no. 23-10794, P-71.

2 P-135. motion. As a result, the exhibit is disregarded in its entirety, and the following opinion expressly avoids drawing any inferences, negative or otherwise, concerning Patrick’s failure to explain what happened. Simply put, the Plaintiffs have the burden of proof. I. Jurisdiction, Venue, and Core Status

This court has subject matter jurisdiction over this matter pursuant to 28 U.S.C. §§ 1334 and 157. Venue is proper pursuant to 28 U.S.C. §§ 1408 and 1409. The matter largely constitutes a core proceeding pursuant to 28 U.S.C. §§ 157(b)(2)(B) and (I). With respect to issues non-core in nature, the parties expressly consented to this court’s power and authority to render a final money judgment.3 As explained in detail below, however, the court declines, on abstention grounds, to render a final money judgment with respect to the alleged damage claims of Jenna. These issues, in the court’s view, are intricately linked to the partition of former community property pending in the state court proceeding. II. Facts The court’s recitation of facts and its rulings in this case are heavily dependent on the

credibility of the witnesses. After hearing all four parties testify, the court found the Plaintiffs’ testimony credible and the Defendant’s less so. The background is particularly important in this case. Patrick holds a bachelor’s degree in business administration and worked as an operations consultant at Smoothie King’s corporate headquarters for six years after college. He married Jenna on April 5, 2014. The Smiths are Jenna’s parents. In the summer of 2014, Sean Cangelosi (“Sean”), who was already operating several successful Smoothie King franchise locations, approached Patrick about going into business with

3 P-17. him. Patrick testified that he believed this happened because of Patrick’s position and high regard with Smoothie King’s headquarters. Indeed, Patrick boasted that he had helped Sean’s “stores become more profitable.”4 On September 15, 2014, Patrick and Sean organized Lake Mall, LLC (“Company”), a Louisiana limited liability company, for the purpose of owning and operating two Smoothie King stores: one in the Mall of Louisiana (“Mall Store”) and the other at

Our Lady of the Lake Regional Medical Center (“OLOL Store”).5 The plan, according to Patrick’s testimony, was to grow the business beyond the two original stores (sometimes collectively, “the Stores”).6 Patrick borrowed $50,000 from the Smiths to use as part of his initial contribution to the Company.7 It is undisputed that Patrick paid the Smiths back all but $6,740 on that loan.8 Patrick and Sean each held a 50% membership interest in the Company and jointly managed the Stores.9 According to Patrick, the Stores did very well and were named “King’s Club” stores by Smoothie King, which means they were in the top 10 percent of stores regarding operations.10

By October 2017, Patrick wanted to buy out Sean’s interest and go it alone. He could not truly go it alone however, leaning on the Smiths and his own father for the money necessary to

4 Trial Transcript, 12/05/24, P-128, p. 30.

5 Joint Exhibit F – Articles of Organization dated September 15, 2014.

6 Trial Transcript, 12/05/24, P-128, p. 110.

7 Mark also borrowed funds from Red River Bank. Trial Transcript, 12/05/24, P-128, p. 31.

8 Mark listed the Smiths as an unsecured creditor on Schedule E/F in the amount of $6,740. Case no. 23-10794, P-5, p. 15.

9 Joint Exhibit H – Joint Stipulation of Testimony of Sean Cangelosi if Called to Testify.

10 Trial Transcript, 12/05/24, P-128, pp. 34, 36. buy out Sean’s 50% membership interest. Patrick and Sean agreed that the 50% interest was worth $286,000.11 For the remainder of this ruling, the court views the value of the Company as being at least $572,000 as of October of 2017.12 The buy-out was funded, in part, with $80,000 contributed by the Smiths.13 In exchange for the contribution, the Smiths received an undivided 10% interest in the Company.14 The Smiths were not involved in day-to-day operations. Patrick

was its manager,15 and at that time, received a monthly salary of $6,000.16 Mr. Smith testified that the total amount of distributions the Smiths received from the Company for their 10% interest was $5,700.17 This testimony was not refuted or challenged on cross examination. A. The Mall Store The Mall Store was profitable, at least until a shooting at the Mall of Louisiana. Patrick testified that the shooting occurred in the second or third quarter of 2019.18 The court takes judicial notice of the local newspaper article in The Advocate, which indicates that the shooting took place consistent with Patrick’s testimony on June 29, 2019.19 Patrick testified the shooting

11 Joint Exh. C, - Act of Sale of LLC Interest. The Act of Sale of Sean’s 50% membership interest to Mark is dated 10/4/17, but the uncontested facts in the joint pretrial order provide that it was 10/14/17. P-95, p. 5.

12 No evidence was adduced at trial regarding whether a 100% interest was worth more than two 50% interests.

13 Plaintiffs’ Exhibit 11. Mark also borrowed funds from Gulf Coast Bank. Trial Transcript, 12/05/24, P-128, p. 39.

14 Joint Exh. E – Act of Sale of LLC Interest. The Act of Sale of a 10% membership interest from Mark to the Smiths is effective October 12, 2017; however, it was not signed until March 31, 2019.

15 Trial Transcript, 12/05/24, P-128, p. 85.

16 Trial Transcript, 12/05/24, P-128, p. 255.

17 Trial Transcript, 12/05/24, P-128, pp. 234-35.

18 Trial Transcript, 12/5/24, P-128, p. 115.

19 “14-year-old girl shot near Mall of Louisiana in Baton Rouge, police say; 4th shooting in 24 hours.” The Advocate. https://www.theadvocate.com/baton_rouge/news/crime_police/14-year-old-girl-shot-near-mall-of- louisiana-in-baton-rouge-police-say-4th/article_5ac46c50-9adf-11e9-a423- e79b923ad288.html?utm_medium=social&utm_source=email&utm_campaign=user-share.

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