Kohn v. Glenmede Trust Co.

2025 Ohio 1058
CourtOhio Court of Appeals
DecidedMarch 27, 2025
Docket113863
StatusPublished
Cited by1 cases

This text of 2025 Ohio 1058 (Kohn v. Glenmede Trust Co.) 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
Kohn v. Glenmede Trust Co., 2025 Ohio 1058 (Ohio Ct. App. 2025).

Opinion

[Cite as Kohn v. Glenmede Trust Co., 2025-Ohio-1058.]

COURT OF APPEALS OF OHIO

EIGHTH APPELLATE DISTRICT COUNTY OF CUYAHOGA

ADAM KOHN, ET AL., :

Plaintiff-Appellant, : No. 113863 v. :

GLENMEDE TRUST : COMPANY, N.A., ET AL., :

Defendants-Appellees. :

JOURNAL ENTRY AND OPINION

JUDGMENT: AFFIRMED IN PART, REVERSED IN PART, AND REMANDED RELEASED AND JOURNALIZED: March 27, 2025

Civil Appeal from the Cuyahoga County Court of Common Pleas Case No. CV-23-973271

Appearances:

Law Office of Jaye M. Schlachet and Jaye M. Schlachet, for appellant.

Reminger Co., L.P.A., Brian D. Sullivan, Brian P. Nally, and Brianna M. Prislipsky, for appellees.

EILEEN T. GALLAGHER, J.:

Plaintiff-appellant, Adam Kohn (“Kohn”), appeals an order granting

judgment on the pleadings in favor of defendants-appellees, Glenmede Trust Company (“Glenmede”) and Robert Siewert (“Siewart”). He claims the following

errors:

1. The trial court committed error in granting appellees’ motion for reconsideration for judgment on the pleadings in contravention of Civ.R. 6 and Civ.R. 12.

2. The trial court committed error when granting appellees’ motion for judgment on the pleadings through a misinterpretation of the Ohio savings statute (R.C. 2305.19) and Civ.R. 41 statute and by determining that appellant’s claims were barred by the applicable statute of limitations.

We affirm in part, reverse in part, and remand the case to the trial court

for further proceedings consistent with this opinion.

I. Facts and Procedural History

In 2014, Kohn was a search consultant for CTPartners, an international

executive search firm and publicly traded company on the New York Stock

Exchange. In May 2014, he held 629,698 shares in CTPartners and, according to

the complaint, these shares represented a large portion of his personal wealth. In

July 2014, Kohn, as trustee of the Adam P. Kohn Declaration of Trust, executed an

investment management agreement (“management agreement”) with Glenmede

(“Glenmede”), a wealth-management firm. Pursuant to the parties’ agreement,

Kohn transferred 432,279 CTPartners shares to a Glenmede account to allow

Siewert, an investment advisor with Glenmede, to liquidate the CTPartners shares

and reinvest the proceeds according to a new investment plan.

On November 5, 2014, Kohn asked Siewert to sell 150,000 shares of

CTPartners stock at $24 per share. According to Kohn’s complaint, no one at

Glenmede sold the shares because they thought that Kohn was trading based on insider information. As a result, Kohn transferred the shares to an account at

Charles Schwab, another wealth-management firm, but Glenmede continued to give

Kohn investment advice regarding the shares. Kohn alleges that Siewart failed to

advise him to sell the CTPartners shares before the share price fell from $24.00 per

share to $2.00 per share. As a result of the reduction in sale price, Kohn allegedly

lost millions of dollars.

On November 2, 2016, Kohn, individually and in his capacity as the

trustee of the Adam P. Kohn Declaration of Trust, filed a complaint against

Glenmede and Siewart (collectively “defendants”), asserting claims for breach of

contract, gross negligence, negligent supervision and mismanagement, promissory

estoppel, and fraud. The complaint alleged, among other things, that the defendants

breached a fiduciary duty owed to Kohn pursuant to the management agreement.

On September 15, 2017, Kohn voluntarily dismissed the complaint

pursuant to Civ.R. 41(A)(1)(a) because he failed to produce an expert necessary to

establish his claims. He refiled the complaint on September 11, 2018, but the court

later dismissed the case without prejudice pursuant to Civ.R. 41(A)(2), on August 2,

2022, because Kohn again failed to produce the necessary expert. Kohn refiled the

complaint a second time on January 3, 2023. This was the third filing of the

complaint.

Defendants filed a motion for judgment on the pleadings on August 4,

2023, arguing that Kohn could not rely on Ohio’s saving statute to refile the

complaint a second time and that his claims were barred by the applicable statutes of limitations. Kohn filed a brief in opposition to defendants’ motion on August 25,

2023, and the trial court denied the motion on September 11, 2023. In its judgment

entry, the court explained that it “declined to take judicial notice of the

unauthenticated exhibits that were attached to defendants’ [request for judicial]

notice.” However, the court further cautioned:

Nothing in this ruling prohibits the court, in its discretion, from taking judicial notice of appropriate matters in considering defendants’ motion, including prior proceedings in the immediate case to establish the fact of such litigation. The court “is not required to suffer from institutional amnesia.” Industrial Risk Insurers v. Lorenz Equip. Co. (1994), 69 Ohio St.3d 576, 580[.]

(Sept. 11, 2023, judgment entry).

On March 25, 2024, the defendants filed a motion for reconsideration,

asking the court to reconsider its denial of their motion for judgment on the

pleadings. The trial court granted the motion for reconsideration the next day,

March 26, 2024, and granted the motion for judgment on pleadings. In making its

ruling, the trial court considered Kohn’s two previously filed and dismissed actions

against the defendants and concluded that Kohn’s third complaint was barred by

Ohio’s saving statute and the applicable statutes of limitations. Kohn now appeals

the trial court’s judgment.

II. Law and Analysis

A. Reconsideration

In the first assignment of error, Kohn argues the trial court erred in

granting the defendants’ motions for reconsideration and for judgment on the pleadings. He argues the court’s judgment granting reconsideration violates

Civ.R. 6.

Kohn argues the court’s judgment violates Civ.R. 6 because the court

ruled on the motion for reconsideration before his response deadline and before he

had an opportunity to respond. Civ.R. 6(C)(1) provides that “[r]esponses to a

written motion, other than motions for summary judgment, may be served within

fourteen days after the service of the motion.” Ordinarily, a trial court’s failure to

allow a full and fair response before ruling on a motion implicates the nonmoving

party’s right to due process and constitutes reversible error. See, e.g., Bank of New

York v. Goldberg, 2019-Ohio-3998, ¶ 8 (11th Dist.). A fundamental requirement of

due process includes an opportunity to be heard. In re R.M., 2024-Ohio-1885, ¶ 19

(8th Dist.).

However, in ruling on the motion for reconsideration, the trial court

reconsidered its prior ruling on defendants’ motion for judgment on the pleadings.

The motion for reconsideration did not raise any new issues or arguments that were

not previously argued in the motion for judgment on the pleadings. And, Kohn filed

a brief in opposition to the motion for judgment on the pleadings when it was

originally filed. Therefore, Kohn was afforded an opportunity to be heard on the

issues raised in the motion for judgment on the pleadings, and there was no due-

process violation.

Furthermore, “‘Civ.R. 54(B) allows for reconsideration of an

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Bluebook (online)
2025 Ohio 1058, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kohn-v-glenmede-trust-co-ohioctapp-2025.