Kbx, Inc. Steven Michael Keith, Sr., Individually Steven Michael Keith, Jr., Individually Jeffrey Shay Sebree, Individually v. Zero Grade Farms, a Partnership, Also D/B/A Isbell Farms Mark Isbell, Individually Chris Isbell, Individually Shane Isbell, Individually Judy Isbell, Individually Jeremy Jones, Individually K&K Farm Service, Inc., Also D/B/A K&K Farm Services Edward Schafer & Sons, a Partnership Ronald Schafer and Roger Schafer, as Trustees of the Edward Burnard Schafer Q-Tip Trust Ronald Schafer, Individually Dee Anne Schafer, Individually Clifford Schafer, Individually Rachel Schafer, Individually Roger Schafer, Individually Pamela Schafer, Individually Donald Schafer, Individually Donna Schafer, Individually Gary Hardke Farms, a Partnership Gary Hardke, Individually Melodie Hardke, Individually, and Bigfoot Ag, Inc.

2022 Ark. 42, 639 S.W.3d 352
CourtSupreme Court of Arkansas
DecidedFebruary 24, 2022
StatusPublished
Cited by11 cases

This text of 2022 Ark. 42 (Kbx, Inc. Steven Michael Keith, Sr., Individually Steven Michael Keith, Jr., Individually Jeffrey Shay Sebree, Individually v. Zero Grade Farms, a Partnership, Also D/B/A Isbell Farms Mark Isbell, Individually Chris Isbell, Individually Shane Isbell, Individually Judy Isbell, Individually Jeremy Jones, Individually K&K Farm Service, Inc., Also D/B/A K&K Farm Services Edward Schafer & Sons, a Partnership Ronald Schafer and Roger Schafer, as Trustees of the Edward Burnard Schafer Q-Tip Trust Ronald Schafer, Individually Dee Anne Schafer, Individually Clifford Schafer, Individually Rachel Schafer, Individually Roger Schafer, Individually Pamela Schafer, Individually Donald Schafer, Individually Donna Schafer, Individually Gary Hardke Farms, a Partnership Gary Hardke, Individually Melodie Hardke, Individually, and Bigfoot Ag, Inc.) is published on Counsel Stack Legal Research, covering Supreme Court of Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kbx, Inc. Steven Michael Keith, Sr., Individually Steven Michael Keith, Jr., Individually Jeffrey Shay Sebree, Individually v. Zero Grade Farms, a Partnership, Also D/B/A Isbell Farms Mark Isbell, Individually Chris Isbell, Individually Shane Isbell, Individually Judy Isbell, Individually Jeremy Jones, Individually K&K Farm Service, Inc., Also D/B/A K&K Farm Services Edward Schafer & Sons, a Partnership Ronald Schafer and Roger Schafer, as Trustees of the Edward Burnard Schafer Q-Tip Trust Ronald Schafer, Individually Dee Anne Schafer, Individually Clifford Schafer, Individually Rachel Schafer, Individually Roger Schafer, Individually Pamela Schafer, Individually Donald Schafer, Individually Donna Schafer, Individually Gary Hardke Farms, a Partnership Gary Hardke, Individually Melodie Hardke, Individually, and Bigfoot Ag, Inc., 2022 Ark. 42, 639 S.W.3d 352 (Ark. 2022).

Opinion

Cite as 2022 Ark. 42 SUPREME COURT OF ARKANSAS No. CV-20-728

KBX, INC.; STEVEN MICHAEL KEITH, SR., Opinion Delivered: February 24, 2022 INDIVIDUALLY; STEVEN MICHAEL KEITH, JR., INDIVIDUALLY; JEFFREY APPEAL FROM THE LONOKE SHAY SEBREE, INDIVIDUALLY COUNTY CIRCUIT COURT [NO. 43CV-14-410] APPELLANTS HONORABLE SANDY HUCKABEE, V. JUDGE

ZERO GRADE FARMS, A PARTNERSHIP, ALSO D/B/A ISBELL FARMS; MARK ISBELL, INDIVIDUALLY; CHRIS ISBELL, INDIVIDUALLY; SHANE ISBELL, INDIVIDUALLY; JUDY ISBELL, INDIVIDUALLY; JEREMY JONES, INDIVIDUALLY; K&K FARM SERVICE, INC., ALSO D/B/A K&K FARM SERVICES; EDWARD SCHAFER & SONS, A PARTNERSHIP; RONALD SCHAFER AND ROGER SCHAFER, AS TRUSTEES OF THE EDWARD BURNARD SCHAFER Q-TIP TRUST; RONALD SCHAFER, INDIVIDUALLY; DEE ANNE SCHAFER, INDIVIDUALLY; CLIFFORD SCHAFER, INDIVIDUALLY; RACHEL SCHAFER, INDIVIDUALLY; ROGER SCHAFER, INDIVIDUALLY; PAMELA SCHAFER, INDIVIDUALLY; DONALD SCHAFER, INDIVIDUALLY; DONNA SCHAFER, INDIVIDUALLY; GARY HARDKE FARMS, A PARTNERSHIP; GARY HARDKE, INDIVIDUALLY; MELODIE HARDKE, REVERSED AND DISMISSED IN PART; INDIVIDUALLY, AND BIGFOOT AG, INC. AFFIRMED IN PART; REVERSED AND REMANDED IN PART. APPELLEES JOHN DAN KEMP, Chief Justice

Appellants KBX, Inc. (“KBX”); Steven Michael Keith, Sr., individually (“Steven”);

Steven Michael Keith, Jr., individually (“Michael”); Jeffrey Shay Sebree, individually (“Shay”)

(collectively “appellants”) (Steven, Michael, and Shay collectively as “the KBX Individuals”)

appeal a Lonoke County Circuit Court order reflecting a jury verdict awarding

$5,954,198.57 in compensatory damages, jointly and severally, against KBX, the KBX

Individuals, Turner Grain, Inc. (“TGI”), and the estate of Jason Coleman (“Coleman” and

“Coleman’s estate”), and $6,074,196.00 in punitive damages, jointly and severally, against

Steven, TGI, and Coleman to appellees Zero Grade Farms, a partnership, also d/b/a Isbell

Farms (“Zero Grade”); Mark Isbell, individually; Chris Isbell, individually; Shane Isbell,

individually; Judy Isbell, individually; Jeremy Jones, individually; K&K Farm Service, Inc.,

also d/b/a K&K Farm Services (“K&K”); Edward Schafer & Sons, a partnership (“Schafer”);

Ronald Schafer and Roger Schafer, as trustees of the Edward Burnard Schafer Q-Tip Trust;

Ronald Schafer, individually; Dee Anne Schafer, individually; Clifford Schafer, individually;

Rachel Schafer, individually; Roger Schafer, individually; Pamela Schafer, individually;

Donald Schafer, individually; Donna Schafer, individually; Gary Hardke Farms, a

partnership (“Hardke”); Gary Hardke, individually; Melodie Hardke, individually; and

Bigfoot Ag, Inc. (collectively “the farmers”).1 For reversal, appellants raise four arguments,

1 KBX and the KBX Individuals are the only appellants in this case. TGI, Coleman’s estate, and the other named defendants did not appeal. Coleman died during the course of the litigation on January 7, 2019.

2 but only two are necessary to dispose of this case. We reverse and dismiss the judgment as to

KBX and the KBX Individuals. We affirm the circuit court’s dismissal of KBX’s

counterclaims. We also reverse the circuit court’s award of attorney’s fees and remand for

recalculation of an award consistent with this opinion.

I. Background

A. Factual History

This case involves the farmers’ dispute with KBX, a grain exporter and merchandiser,

and the KBX Individuals over a series of written contracts (“Farmers Grain Contracts”) for

the purchase of rice.

By 2014, TGI, a grain merchandiser,2 had established a business practice of quoting

rice prices that were well above the market value in order to procure business. TGI had

engaged in the practice of offering its customers above-market prices and then would use the

profits from its corn and freight contracts to cover the losses from its rice transactions.

Certain individuals in the rice industry had alerted KBX of TGI’s business practice. In 2014,

TGI arranged to purchase the farmers’ rice.

In July 2014, the farmers entered into the Farmers Grain Contracts with TGI to sell

their rice at a specified price per bushel. Pursuant to the Farmers Grain Contracts, the

farmers were designated as the “Seller,” TGI was designated as the “Broker,” and an

undisclosed third party was designated as the “Purchaser.” The Farmers Grain Contracts

2 Coleman, Dale Bartlett, and Christopher Taylor worked for TGI.

3 stated that “[t]his agreement is entered into between Turner Grain, Inc. (Broker) and Seller

of rice (Seller).” The farmers executed their contracts “F.O.B. farm,” “F.O.B. Delivered West

Memphis,” or “F.O.B. Bins Carlisle.” The farmers agreed to deliver specified quantities of

rice, and in exchange, TGI agreed to pay the farmers a collective amount totaling

$5,954,198.57. The majority of the farmers’ rice was delivered to Consolidated Grain and

Barge Company (“CBG”) in West Memphis where the rice was placed on barges. KBX was

not a party to the Farmers Grain Contracts.

While TGI was listed as a broker in the Farmers Grain Contracts, TGI was also

known in the industry as a “simultaneous” or “back-to-back” dealer or merchandiser. Once

TGI took possession of the rice, it then sold the farmers’ rice to KBX. The record reveals, in

a spreadsheet trial exhibit, that at least 39 separate contracts existed between KBX and TGI

concerning the farmers’ rice. During the summer of 2014, KBX paid TGI in excess of $28

million in the form of wire transfers and checks, and $5,954,198.57 of that $28 million was

allocated as payment in full for the farmers’ rice. Ultimately, TGI collapsed on August 12,

2014. While KBX had paid TGI for the rice, TGI in turn had failed to pay the farmers in

full.

On August 18, 2014, after TGI’s collapse and prior to filing the lawsuit, the farmers

served preservation letters on KBX and Steven and instructed appellants to preserve all

written and electronic documentation about the rice-sales transactions for purposes of

discovery. The preservation letters covered all documentation and communications from

May 15, 2014, through August 18, 2014.

4 B. Procedural History

On August 22, 2014, the farmers filed suit in Lonoke County Circuit Court seeking

payment for the delivery of their respective rice in July and August 2014. In their sixth

amended complaint (“operative complaint”), dated November 26, 2019, the farmers named

the following parties as defendants: Agri-Petroleum Sales, LLC; Agribusiness Properties,

LLC; Brinkley Truck Brokerage, LLC; Christopher Taylor, individually; Coleman Duck

Club, LLC; Coleman Transportation, LLC; Dale Bartlett, individually, Gerald W. Loyd;

Ivory Rice, LLC; Anna Hurst, special administrator of the estate of Jason Coleman, deceased;

Jeffrey Shay Sebree, individually; KBX, Inc.; LJTC, LLC; NEA Truck Brokers, LLC;

Neauman Coleman, individually; Neauman Coleman & Co. LLC; Rice America, Inc.; Rice

Arkansas, Inc.; Steven Michael Keith, Jr., individually; Steven Michael Keith, Sr.,

individually; Turner Commodities, Inc.; Turner North, LLC; and Turner Grain, Inc., d/b/a

Turner Grain.3

In their operative complaint, the farmers alleged that TGI had acted as a broker

between the farmers and KBX. According to the farmers, TGI and KBX created a business

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