Johnson v. Stone

2021 Ohio 894
CourtOhio Court of Appeals
DecidedMarch 22, 2021
Docket1-20-31
StatusPublished
Cited by1 cases

This text of 2021 Ohio 894 (Johnson v. Stone) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Johnson v. Stone, 2021 Ohio 894 (Ohio Ct. App. 2021).

Opinion

[Cite as Johnson v. Stone, 2021-Ohio-894.]

IN THE COURT OF APPEALS OF OHIO THIRD APPELLATE DISTRICT ALLEN COUNTY

JERRY M. JOHNSON,

PLAINTIFF-APPELLEE, CASE NO. 1-20-31

v.

R. JEFFREY. STONE, ET AL., OPINION DEFENDANTS-APPELLANTS.

Appeal from Allen County Common Pleas Court Trial Court No. CV 2019 0244

Judgment Affirmed

Date of Decision: March 22, 2021

APPEARANCES:

Steven L. Diller and Adam J. Motycka for Appellant

J. Alan Smith and Dalton J. Smith for Appellee Case No. 1-20-31

SHAW, J.

{¶1} Defendants-Appellants, R. Jeffrey Stone, et al., appeal the July 1, 2020

judgment of the Allen County Court of Common Pleas granting the motion for

summary judgment filed by Plaintiff-Appellee, Jerry M. Johnson (“Johnson”). On

appeal, Appellants claim the trial court erred in granting Johnson’s motion for

summary judgment prior to them filing a reply to Johnson’s response to their cross-

motion for summary judgment.

Procedural Background

{¶2} On July 25, 2019, Johnson filed a complaint seeking a creditor’s bill,

pursuant to R.C. 2333.01, individually against R. Jeffery Stone (“Stone) and against

two entities affiliated with Stone, R.J. Stone Development Group, Inc. (“RJSDG”)

and Logan Landing Development Group (“Logan Landing”), to satisfy a judgment

Johnson had previously obtained against Stone in the amount of $663,656.11.1

1 “[A] creditor’s bill is an action in equity by which a judgment creditor seeks to subject an interest of the judgment debtor that cannot be reached on execution to the payment of the creditor’s existing judgment.” In re Estate of Mason, 109 Ohio St. 3d 532, 2006-Ohio-3256, ¶ 18. Moreover, R.C. 2333.01 states:

When a judgment debtor does not have sufficient personal or real property subject to levy on execution to satisfy the judgment, any equitable interest which he has in real estate as mortgagor, mortgagee, or otherwise, or any interest he has in a banking, turnpike, bridge, or other joint-stock company, or in a money contract, claim, or chose in action, due or to become due to him, or in a judgment or order, or money, goods, or effects which he has in the possession of any person or body politic or corporate, shall be subject to the payment of the judgment by action.

There are three elements to a claim for a creditor’s bill under R.C. 2333.01: (1) the existence of a valid judgment against a debtor, (2) the existence of an interest in the debtor of the type enumerated in the statute, and (3) a showing that the debtor does not have sufficient assets to satisfy the judgment against him. See Capital One Bank (USA), N.A. v. Caspary, 7th Dist. Mahoning No. 17 MA 0092, 2018-Ohio-358, ¶ 11.

-2- Case No. 1-20-31

Johnson alleged that Stone did not have sufficient real or personal property to satisfy

Johnson’s judgment. Johnson claimed that Stone had repeatedly represented that

he was a 50% shareholder of Logan Landing. Johnson alleged that this was an

uncertified stock, and Stone’s interest could not be physically levied upon by a writ

of execution. Therefore, Johnson sought to have the value of the stock applied to

the payment of his judgment via a creditor’s bill.

{¶3} Stone subsequently filed an answer asserting that he is not a shareholder

of Logan Landing, but that the entity is 100% owned by Bay Point Properties, LLC

(“Bay Point”), of which Stone holds 50% of the membership interests, “and which

as a result holds only equitable interest of 50% in Logan Landing Development

Group, Inc.” (Doc. No. 13 at ¶ 2).

{¶4} Thus, at issue between the parties in this litigation is the nature of

Stone’s ownership interest in Logan Landing and whether the value of that interest

could be reached to satisfy Johnson’s judgment against Stone through a creditor’s

bill. Notably, Stone consented to a creditor’s bill against RJSDG, however, this

asset was insufficient to satisfy Johnson’s judgment.

{¶5} On May 1, 2020, the parties filed a Joint Motion for Extension of Time

to File Summary Judgment, requesting the trial court grant them an additional thirty

days to file motions for summary judgment. The trial court subsequently granted

the motion.

-3- Case No. 1-20-31

{¶6} On June 1, 2020, Johnson filed a motion for summary judgment

asserting that there is no genuine issue of material fact that he is entitled to collect

his judgment against the equity of Stone’s shares in Logan Landing via a creditor’s

bill. Specifically, Johnson maintained that Stone owned stock in Logan Landing

based upon Stone’s previous admissions, stipulations, and other documentation.

{¶7} On June 2, 2020, Stone filed a cross-motion for summary judgment in

support of his position that Johnson is not entitled to a creditor’s bill to reach the

equity in Logan Landing because Stone is not a shareholder in Logan Landing,

therefore, does not have any legal interest in the entity’s assets.

{¶8} On June 17, 2020, Stone filed a response in opposition to Johnson’s

motion for summary judgment, asserting arguments identical to the ones stated in

his cross-motion for summary judgment.

{¶9} On June 23, 2020, Johnson filed a reply in support of his motion for

summary judgment.

{¶10} On June 29, 2020, Johnson filed a response in opposition to Stone’s

cross-motion for summary judgment.

{¶11} On July 1, 2020, the trial court issued an order granting Johnson’s

motion for summary judgment and denying Stone’s cross-motion for summary

judgment.

{¶12} Specifically, the trial court found that:

-4- Case No. 1-20-31

There is no genuine issue of fact regarding whether or not plaintiff has a valid judgment against defendants in the amount of $663,656.11. Defendants admitted as much. Defendant Stone also admitted that he was a shareholder in Stone Development and admitted that he held an equitable interest of 50% in Logan Landing Development Group, Inc. (Logan Landing) by virtue of holding 50% of the membership interests of Bay Point Properties, LLC. Defendants pointed to evidence (tax returns) that showed Logan Landing was owned by Bay Point Properties, LLC. Stone admitted he was a member of Bay Point Properties, LLC and Bay Point Villas, LLC. Plaintiff pointed out that Stone acknowledged in his answer to the complaint in this case that he (Stone) was not in possession of any stock certificates for Logan Landing.

Defendants argued that since Logan Landing is wholly owned by Bay Point Properties LLC, plaintiff is not entitled to a creditor’s bill versus Logan Landing. Defendants filed for a summary judgment in their favor that Stone had no interest in Logan Landing.

In this case, there was no deposition testimony. The testimony of Stone in another court case was filed and considered and reference was made to various statements made by Stone in pleadings. An affidavit from Stone that was filed in CV 2018 0427 was attached to plaintiff’s response to defendants’ motion. In that affidavit, Stone stated he held 50% of the equity interests in Bay Point Properties, LLC and Bay Point Villas, LLC and by virtue of such ownership that he also possessed the same interest in Logan Landing. Defendants have not sufficiently explained the contradictions made by Stone as to what he owns.

After reviewing the pleadings and proper Civ. R.

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