Gregory C. Walbridge v. JP Morgan Chase Bank, N.A.

CourtIndiana Court of Appeals
DecidedAugust 28, 2012
Docket02A03-1112-CC-589
StatusUnpublished

This text of Gregory C. Walbridge v. JP Morgan Chase Bank, N.A. (Gregory C. Walbridge v. JP Morgan Chase Bank, N.A.) is published on Counsel Stack Legal Research, covering Indiana Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gregory C. Walbridge v. JP Morgan Chase Bank, N.A., (Ind. Ct. App. 2012).

Opinion

Pursuant to Ind. Appellate Rule 65(D), this Memorandum Decision shall not be FILED regarded as precedent or cited before any Aug 28 2012, 8:55 am court except for the purpose of establishing the defense of res judicata, collateral CLERK of the supreme court, estoppel, or the law of the case. court of appeals and tax court

ATTORNEYS FOR APPELLANT: ATTORNEYS FOR APPELLEE:

ROBERT L NICHOLSON MICHAEL A. TRENTADUE DIANA C. BAUER ONI HARTON Carson Boxberger LLP Bose McKinney & Evans LLP Fort Wayne, Indiana Indianapolis, Indiana

IN THE COURT OF APPEALS OF INDIANA

GREGORY C. WALBRIDGE, ) ) Appellant-Defendant, ) ) vs. ) No. 02A03-1112-CC-589 ) JP MORGAN CHASE BANK, N.A., ) ) Appellee-Plaintiff. )

APPEAL FROM THE ALLEN SUPERIOR COURT The Honorable Nancy Eshcoff Boyer, Judge Cause No. 02D01-1010-CC-1470

August 28, 2012

MEMORANDUM DECISION - NOT FOR PUBLICATION

KIRSCH, Judge Gregory C. Walbridge (“Walbridge”) sought and obtained from JP Morgan Chase

Bank, N.A. (“Chase”) a line of credit, secured by a mortgage and pledge agreement

(collectively “the Note”). After Walbridge defaulted on the Note, Chase filed a complaint for

judgment on the Note and later sought summary judgment. The trial court granted final

judgment in Chase’s favor, and Walbridge appeals, raising several issues, of which we find

the following restated issue to be dispositive: whether the trial court abused its discretion

when it denied Walbridge’s motion for leave to file an amended answer to assert a time-

barred counterclaim of setoff against Chase.

We affirm.

FACTS AND PROCEDURAL HISTORY

In September 2007, Walbridge executed and delivered to Chase the Note in the

principal sum of $1,400,000.00. Walbridge defaulted on the Note. In June 2010, Chase

exercised its option to declare the indebtedness due and owing and sent Walbridge a notice of

acceleration. On October 28, 2010, Chase filed a complaint on the Note, seeking judgment in

its favor against Walbridge. On December 30, 2010, Walbridge filed his answer. On August

31, 2011, Chase filed a motion for summary judgment, asserting that there were no genuine

issues of material fact precluding judgment in its favor. On October 7, 2011, Walbridge filed

his response to Chase’s motion for summary judgment and a Motion for Leave to Amend

Answer to Assert Affirmative Defense of Setoff (“Motion to Amend”). Appellant’s App. at

52. Walbridge’s response to summary judgment asserted that genuine issues of material fact

existed with regard to the amount he owed Chase because, as asserted in his Motion to

2 Amend, he was entitled to reduce or setoff Chase’s damages under the Note.

Specifically, Walbridge’s Motion to Amend asserted that from 1997 to 2001, NBD

Bank, N.A., who was a predecessor to Chase, provided negligent investment advice to

Walbridge, and as a result, the value of his investment portfolio decreased by over

$500,000.00. He claimed that, therefore, he was entitled to assert “an affirmative defense

and/or permissive counterclaim” of setoff against Chase’s complaint because of this

negligent investment advice and loss in investment value. Id. at 53. Recognizing that the

negligent investment advice occurred years prior, and thus any claim would be time-barred

by the relevant statute of limitations, Walbridge asserted he was entitled to bring the claim

pursuant to Indiana Trial Rule 13(J) which states in relevant part:

The statute of limitations, a nonclaim statute or other discharge at law shall not bar a claim asserted as a counterclaim to the extent that:

(1) it diminishes or defeats the opposing party’s claim if it arises out of the transaction or occurrence that is the subject-matter of the opposing party’s claim, or if it could have been asserted as a counterclaim to the opposing party’s claim before it (the counterclaim) was barred[.]

Ind. Trial Rule 13(J)(1).

Following a hearing, the trial court denied Walbridge’s Motion to Amend, finding that

the two-year negligence statute of limitations ran two years after the bad advice ceased in

2001,1 which was “long before” Walbridge executed the Note with Chase in September 2007.

Id. at 12. The trial court determined that because Walbridge “never had a viable

1 As Chase notes, Walbridge’s claim for negligent investment advice accrued, at the latest, in or around 2001, with the statute of limitations for that claim expiring two years later, in 2003. Appellee’s Br. at 13 n.3, 16-17.

3 counterclaim/setoff to assert against Chase,” Indiana Trial Rule 13(J) did not save

Walbridge’s permissive counterclaim.2 Id. The trial court then granted Chase’s summary

judgment motion, finding no genuine issue of material fact existed, and entered judgment in

favor of Chase and against Walbridge on the Note.3 Walbridge now appeals.

DISCUSSION AND DECISION

In his appeal, Walbridge asks us to decide, among other things, whether the trial court

erred in its determination that, because Walbridge’s permissive counterclaim for setoff had

expired years before Chase’s claim on the Note had accrued, Indiana Trial Rule 13(J) was not

applicable. However, in our view, that is not the determinative issue, and we need not decide

it today. Even if, as Walbridge claims, Indiana Trial Rule 13(J)(1) permits him to pursue his

expired counterclaim – and we expressly make no decision on that today – the trial court

nevertheless retained the discretion under Indiana Trial Rule 15 to either allow or not allow

the counterclaim.

Indiana Trial Rule 15 governs the amendment of pleadings. Trial Rule 15(A) permits

a party to “amend his pleading once as a matter of course” and thereafter by leave of court

“when justice so requires.” Although amendments to pleadings are to be liberally allowed,

the trial court retains broad discretion in deciding whether to permit amendments to

pleadings, and we will reverse only when the trial court has abused that discretion. Gordon

In reaching its decision, the trial court relied on this court’s review and analysis of Trial Rule 13(J) in 2

Bacompt Sys., Inc. v. Ashworth, 752 N.E.2d 140, 143-45 (Ind. Ct. App. 2001), trans. denied (2002). 3 Walbridge does not dispute that he is liable on the Note or that summary judgment is proper on the issue of liability. His only issue is with regard to the trial court’s decision concerning his claim of setoff, which he asserted to reduce Chase’s claimed damages.

4 v. Purdue Univ., 862 N.E.2d 1244, 1253 (Ind. Ct. App. 2007); MAPCO Coal Inc. v. Godwin,

786 N.E.2d 769, 777 (Ind. Ct. App. 2003). Abuse of discretion occurs when the trial court’s

ruling is clearly against the logic and effect of the facts and circumstances before it. Hilliard

v. Jacobs, 927 N.E.2d 393, 398 (Ind. Ct. App. 2010), trans. denied. In deciding whether to

grant or deny a motion to amend, the trial court may consider factors such as undue delay,

bad faith or dilatory motive on the part of the movant, repeated failure to cure deficiencies by

previous amendments, undue prejudice to the opposing party, and futility of amendment.

Gordon, 862 N.E.2d at 1253 (quotations omitted).

Here, Chase filed its complaint in 2010, Walbridge filed his answer in December

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Related

Gordon v. Purdue University
862 N.E.2d 1244 (Indiana Court of Appeals, 2007)
Hilliard v. Jacobs
927 N.E.2d 393 (Indiana Court of Appeals, 2010)
MAPCO Coal Inc. v. Godwin
786 N.E.2d 769 (Indiana Court of Appeals, 2003)
Bacompt Systems, Inc. v. Ashworth
752 N.E.2d 140 (Indiana Court of Appeals, 2001)

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