John F. Schwegmann, John F. Schwegmann, as the Trustee of the John F. Schwegmann Trust 2 and a & S 2, L.L.C. v. H. Hunter White, III, M. Walker Baus, White III, LLC F/K/A Jlh, L.L.C., Nassau Partners LLC, as Successor to Worthmore Capital, LLC, K-Low, LLC and Schwegmann Westside Expressway, Inc.

CourtLouisiana Court of Appeal
DecidedApril 20, 2022
Docket2021-CA-0556
StatusPublished

This text of John F. Schwegmann, John F. Schwegmann, as the Trustee of the John F. Schwegmann Trust 2 and a & S 2, L.L.C. v. H. Hunter White, III, M. Walker Baus, White III, LLC F/K/A Jlh, L.L.C., Nassau Partners LLC, as Successor to Worthmore Capital, LLC, K-Low, LLC and Schwegmann Westside Expressway, Inc. (John F. Schwegmann, John F. Schwegmann, as the Trustee of the John F. Schwegmann Trust 2 and a & S 2, L.L.C. v. H. Hunter White, III, M. Walker Baus, White III, LLC F/K/A Jlh, L.L.C., Nassau Partners LLC, as Successor to Worthmore Capital, LLC, K-Low, LLC and Schwegmann Westside Expressway, Inc.) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
John F. Schwegmann, John F. Schwegmann, as the Trustee of the John F. Schwegmann Trust 2 and a & S 2, L.L.C. v. H. Hunter White, III, M. Walker Baus, White III, LLC F/K/A Jlh, L.L.C., Nassau Partners LLC, as Successor to Worthmore Capital, LLC, K-Low, LLC and Schwegmann Westside Expressway, Inc., (La. Ct. App. 2022).

Opinion

JOHN F. SCHWEGMANN, * NO. 2021-CA-0556 JOHN F. SCHWEGMANN, AS THE TRUSTEE OF THE JOHN * F. SCHWEGMANN TRUST #2 COURT OF APPEAL AND A & S #2, L.L.C. * FOURTH CIRCUIT VERSUS * STATE OF LOUISIANA H. HUNTER WHITE, III, M. ******* WALKER BAUS, WHITE III, LLC F/K/A JLH, L.L.C., NASSAU PARTNERS LLC, AS SUCCESSOR TO WORTHMORE CAPITAL, LLC, K-LOW, LLC AND SCHWEGMANN WESTSIDE EXPRESSWAY, INC.

APPEAL FROM CIVIL DISTRICT COURT, ORLEANS PARISH NO. 2017-08377, DIVISION “G-11” Honorable Robin M. Giarrusso, Judge ****** Judge Daniel L. Dysart ****** (Court composed of Judge Daniel L. Dysart, Judge Tiffany Gautier Chase, Judge Pro Tempore Lynn M. Luker)

Dayal Reddy 2901 Ridgelake Drive, Suite 105 Metairie, LA 70002

Richard E. Anderson 2901 Ridgelake Drive, Suite 105 Metairie, LA 70002

COUNSEL FOR PLAINTIFF/APPELLANT

Kyle D. Schonekas SCHONEKAS EVANS McGOEY & McEACHIN, L.L.C. 909 Poydras Street, Suite 1600 New Orleans, LA 70112 Ian L. Atkinson SCHONEKAS, EVANS McGOEY & McEACHIN, L.L.C. 909 Poydras Street, Suite 1600 New Orleans, LA 70112

COUNSEL FOR DEFENDANT/APPELLEE

AFFIRMED April 20, 2022 DLD This case, which arises out of a bankruptcy, involves claims for breach of TGC LML contract and breach of fiduciary duty. The plaintiffs (John F. Schwegmann, John

F. Schwegmann, as the trustee of the John F. Schwegmann Trust #2 and A&S #2,

L.L.C. (“the Schwegmann interests”)) appeal the trial court’s granting of a

peremptory exception of prescription in favor of the defendants (H. Hunter White,

III, M. Walker Baus, White III, LLC F/K/A JLH, L.L.C., Nassau Partners LLC, as

successor to Worthmore Capital, LLC, K-Low, LLC and Schwegmann Westside

Expressway, Inc.). For the reasons that follow, we affirm.

FACTS AND PROCEDURAL HISTORY

John G. Schwegmann, Jr. opened the first Schwegmann Bros. Giant Super

Market on St. Claude Avenue in New Orleans in 1946 with the help of his brother,

Paul, and friend, Wilfred Meyer.

Beginning in 1977 and 1978, John G. Schwegmann, Jr. transferred control of

the grocery store chain to his son, John F. Schwegmann. In 1979, John F.

Schwegmann purchased his father’s stock in Schwegmann Giant Super Markets,

1 Inc. and Schwegmann Westside Expressway, Inc. (“Schwegmann Westside”),

becoming its majority stockholder and chief executive officer. Schwegmann

Westside owned much of the real estate on which the Schwegmann Giant Super

Markets were located.

In 1997, the Schwegmann grocery business was sold to Kohlberg & Co.

(“Kohlberg”), a private equity firm headquartered in New York. Most of the real

estate upon which the Schwegmann’s grocery stores were located, and certain

other related real estate parcels, were not included in the sale to Kohlberg, but

retained in a limited liability company called JLH, L.L.C. (“JLH”), which was

organized by John F. Schwegmann in 1997. Schwegmann Westside owned

70.28% of JLH.

Within a relatively short period of time after the sale of Schwegmann’s

grocery business to Kohlberg, the subsidiary that acquired the grocery business

went into bankruptcy. This adversely affected the financial condition of JLH and

other Schwegmann related entities that relied on the cash flow from the leases of

the grocery store real estate. JLH entered bankruptcy proceedings in 1999.

On February 22, 2000, Schwegmann Westside filed a petition for relief

under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy

Court for the Eastern District of Louisiana.1 Entities controlled by H. Hunter

White and Walker Baus (the White interests) had acquired the vast majority of

Schwegmann Westside’s unsecured debt. The Bankruptcy Court confirmed a

1 In re Schwegmann Westside Expressway, Inc., No. 00-11040 (E.D. La.).

2 bankruptcy plan that required the White interests to issue warrants to the

Schwegmann interests (Mr. Schwegmann and entities under his control) that would

allow them to buy back the unsecured debt for roughly twenty-nine million dollars.

Under the plan, the Schwegmann interests were required to pay this amount and

exercise their warrants by September 1, 2007. This did not happen.

On August 30, 2017, the Schwegmann interests filed a lawsuit against the

White interests, contending that the White interests breached the plan by

frustrating the Schwegmann interests’ ability to exercise their warrants. The

Schwegmann interests also accused the White interests of breaching specific plan

terms requiring the White interests to timely prepare the warrants, pay distributions

to lower the unsecured debt, and provide financial information necessary to

evaluate whether to exercise the warrants and obtain financing for the large sum

required. The Schwegmann interests also maintain that the White interests

breached a fiduciary duty owed to the Schwegmann interests.

On March 21, 2021, the White interests filed peremptory exceptions of

prescription/peremption and no cause of action. The White interests contended

that it was clear on the face of the petition that any alleged breach of the plan or

fiduciary duty occurred on or before August 28, 2007, more than ten years before

the lawsuit was filed on August 30, 2017.

The exceptions came before the trial court for a hearing on June 3, 2021. At

the hearing, the White interests relied on their pleadings, while the Schwegmann

interests offered the testimony of John F. Schwegmann and his sister Melba

3 Margaret Brown. Following the hearing, the trial court granted the White

interests’ exception of prescription and dismissed the Schwegmann interests’

claims with prejudice; the White interests’ exception of no cause of action was

denied as moot. The Schwegmann interests now appeal the trial court’s judgment.2

DISCUSSION

On appeal, the Schwegmann interests raise numerous assignments of error.

However, the vast majority of them involve the issue of whether the trial court

erred in granting the White interests’ peremptory exception of prescription.

“When an exception of prescription is filed, ordinarily, the burden of proof

is on the party pleading prescription.” Eastin v. Entergy Corp., 2003-1030, p. 5

(La. 2/6/04), 865 So.2d 49, 54 (citing Lima v. Schmidt, 595 So.2d 624, 628 (La.

1992). “However, if prescription is evident on the face of the pleadings, as it is in

the instant case, the burden shifts to the plaintiff to show that the action has not

prescribed.” Id.; see also Campo v. Correa, 2001-2707, p. 7 (La. 6/21/02), 828

So.2d 502, 508; Primus v. Touro Infirmary, 2005-0662, p. 2 (La. App. 4 Cir.

1/25/06), 925 So.2d 609, 610.

Under Louisiana law, a confirmed Chapter 11 bankruptcy plan is a contract.

Denham Homes, L.L.C. v. Teche Federal Bank, 2014-1576, p. 16 (La. App. 1 Cir.

9/18/15), 182 So.3d 108, 118. “Unless otherwise provided by legislation, a

personal action is subject to a liberative prescription of ten years.” La. C.C. art.

2 On June 3, 2021, the trial court granted the defendants’ exception of prescription in open court.

Both the defendants and the plaintiffs submitted judgments, which were both signed by the trial court and that were substantively similar, on June 14, 2021 and June 17, 2021, respectively. On December 7, 2021, the trial court determined that the June 17, 2021 judgment was moot.

4 3499. Accordingly, the prescriptive period on a breach of contract claim is ten

years. Hotard’s Plumbing, Elec. Heating & Air, Inc. v. Monarch, 2015-0180, p. 5

(La.

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John F. Schwegmann, John F. Schwegmann, as the Trustee of the John F. Schwegmann Trust 2 and a & S 2, L.L.C. v. H. Hunter White, III, M. Walker Baus, White III, LLC F/K/A Jlh, L.L.C., Nassau Partners LLC, as Successor to Worthmore Capital, LLC, K-Low, LLC and Schwegmann Westside Expressway, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/john-f-schwegmann-john-f-schwegmann-as-the-trustee-of-the-john-f-lactapp-2022.