Lancaster v. Harold K. Jordan & Co.

2014 NCBC 22
CourtNorth Carolina Business Court
DecidedJune 5, 2014
Docket08-CVS-883
StatusPublished

This text of 2014 NCBC 22 (Lancaster v. Harold K. Jordan & Co.) is published on Counsel Stack Legal Research, covering North Carolina Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lancaster v. Harold K. Jordan & Co., 2014 NCBC 22 (N.C. Super. Ct. 2014).

Opinion

Lancaster v. Harold K. Jordan & Co., 2014 NCBC 22.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION COUNTY OF NEW HANOVER 08 CVS 883

JULIE LANCASTER and BRANNON ) LANCASTER, ) Plaintiffs ) ) v. ) OPINION AND ORDER ) ON MOTION FOR HAROLD K. JORDAN AND CO., INC. ) SUMMARY JUDGMENT WITHERS & RAVENEL, INC., ARTHUR R. ) COGSWELL, and LIGHTHOUSE ) ENGINEERING, PA, ) Defendants )

THIS CAUSE, designated a mandatory complex business case by Order of the

Chief Justice of the North Carolina Supreme Court, pursuant to N.C. Gen. Stat. § 7A-

45.4(b) (hereinafter, references to the North Carolina General Statutes will be to "G.S."),

and assigned to the undersigned Chief Special Superior Court Judge for Complex

Business Cases, comes before the court upon Defendant Harold K. Jordan and Co.,

Inc.'s Motion for Summary Judgment Based Upon Res Judicata and Collateral Estoppel

("Motion"), pursuant to Rule 56 of the North Carolina Rules of Civil Procedure

("Rule(s)"); and

THE COURT, after reviewing the Motion, briefs in support of and in opposition to

the Motion, arguments of counsel and other appropriate matters of record,

CONCLUDES that the Motion should be GRANTED, for the reasons stated herein.

Shipman & Wright, L.L.P., by Gary K. Shipman, Esq. and Stubbs & Perdue, P.A., by Matthew W. Buckmiller, Esq. for Plaintiffs Julie and Brannon Lancaster. Hedrick, Gardner, Kincheloe & Garofalo, L.L.P. by Thomas M. Buckley, Esq. and Bugg & Wolf, P.A., by William J. Wolf, Esq. for Defendant Harold K. Jordan and Co., Inc.

Jolly, Judge.

PROCEDURAL HISTORY

[1] On February 26, 2008, Plaintiffs Julie Lancaster and Brannon Lancaster

filed a Complaint against Defendants Harold K. Jordan and Co., Inc. ("HKJ"), Withers &

Ravenel, Inc. ("W&R"), Arthur R. Cogswell ("Cogswell") and Lighthouse Engineering,

P.A ("Lighthouse"). Plaintiffs' action was designated as civil action Number 08 CVS 883

by the Clerk of Superior Court of New Hanover County.

[2] On December 15, 2009, Plaintiffs filed an Amended Complaint. In the

Amended Complaint, Plaintiffs allege the following claims for relief ("Claim(s)"): First

Claim for Relief (Fraud – Defendant HK Jordan); Second Claim for Relief (Unfair and

Deceptive Trade Practices – HKJ); Third Claim for Relief (Negligent Misrepresentation –

Defendants HK Jordan, Cogswell, W&R); Fourth Claim for Relief (Negligence –

Defendants HK Jordan and Cogswell); Fifth Claim for Relief (Breach of Contract –

Defendant W&R).

[3] Plaintiffs subsequently filed voluntary dismissals as to W&R, Cogswell,

and Lighthouse.1 Consequently, HKJ is the only remaining Defendant in this action.

[4] On April 25, 2013, Defendant HKJ filed the Motion, seeking Summary

Judgment as to counts I through IV, pursuant to Rule 56.

1 Notice of Voluntary Dismissal with Prejudice as to Pls.' Claims Against Def. Arthur R. Cogswell (May 26, 2011); Notice of Voluntary Dismissal with Prejudice as to Pls.' Claims Against Defendant Withers & Ravenel, Inc. (May 1, 2012); Notice of Voluntary Dismissal, Without Prejudice as to Pls.' Claims Against Lighthouse Engineering, P.A. (Aug. 11, 2008). [5] The Motion has been fully briefed and argued and is ripe for

determination.

FACTUAL BACKGROUND

Among other things, the Amended Complaint alleges:

[6] Defendant HKJ is a North Carolina corporation with a place of business in

New Hanover County, North Carolina.2

[7] In 1997, Plaintiffs purchased land located in the Town of Leland in

Brunswick County, North Carolina ("Subject Property"). The purchase was financed in

part by Plaintiffs' execution of a promissory note and deed of trust to secure a loan from

Coastal Federal Bank, with the balance coming from Plaintiffs' personal funds.3

[8] In 2003, Plaintiffs formed Village Landing, LLC ("Village Landing"), a North

Carolina Limited Liability Company. Plaintiffs at all times were Village Landing's sole

member-managers.4 Plaintiffs then transferred the Subject Property to Village Landing

by quitclaim deed. Plaintiffs remained personally responsible for the promissory note

and debt and deed of trust to Coastal Federal Bank.5 At all times relevant to this action,

Village Landing was only able to borrow money with the personal guarantee of

Plaintiffs.6

[9] In 2005, Plaintiffs met with HKJ regarding the possibility of constructing

apartments on the Subject Property. HKJ referred Plaintiffs to Cogswell, an architect in

Chapel Hill, North Carolina.7 Plaintiffs then decided that they wanted to construct and

2 Am. Compl. ¶ 2. 3 Id. ¶ 6. 4 Ex. AAA026 to Wiggins Aff. ("Arbitration Transcript") at 581; see also Compl. ¶ 10, Am. Compl. ¶¶ 7-8. 5 Am. Compl. ¶ 7. 6 Id. ¶ 8. 7 Id. ¶¶ 12-13. sell townhomes as opposed to managing apartments.8 Under the Town of Leland's

Residential Building Code ("Code"), the requirements for townhouse construction

differed from those applicable to apartment or condominium construction.9 Unlike

townhouses, condominiums are not constructed under the Code.10 HKJ understood

that it was tasked with building townhouses under the Code.11

[10] Plaintiffs sought and obtained additional financing from Cooperative Bank

in Wilmington, North Carolina. Plaintiffs and Lumina Mortgage Company, an affiliate of

Cooperative Bank, both felt that a townhouse project was a better option than the

alternatives, and both parties operated under the assumption that townhomes would be

built.12

[11] In 2005, Plaintiffs acquired additional property adjoining the Subject

Property, which was necessary for the development of the Subject Property as a

townhouse community.13

[12] In February 2006, HKJ prepared and submitted to Plaintiffs a "proposal for

the construction of 60 condos." When Plaintiffs inquired as to the use of the term

"condos" rather than "townhouses," they were informed by HKJ that the difference was

immaterial.14

[13] Plaintiffs and HKJ then formed Shady Grove Development, Inc. ("Shady

Grove") with the goal of proceeding with the project as a joint venture, on the condition

8 Id. ¶ 16. 9 Id. ¶ 18. 10 Id. ¶ 51, 53. 11 Id. ¶ 58. 12 Id. ¶ 20. 13 Id. ¶ 28. 14 Id. ¶ 41. that Harold K. Jordan, President of HKJ ("Jordan"),15 would not be personally liable for

any debts incurred. When Plaintiffs and HKJ were made aware of Cooperative Bank's

requirement that all shareholders of the developing entity submit personal financial

information and personally guarantee any loan, Plaintiffs and Jordan abandoned the

joint venture. 16

[14] Shady Grove and HKJ were the only signatories to the original

development contract. No written contract ever existed between Village Landing and

HKJ, despite Plaintiffs' request that a new contract be prepared.17

[15] In reliance on HKJ's representations that townhouses would be

constructed, Plaintiffs accepted Cooperative Bank's commitment letters to fund the

project, thereby personally guaranteeing the payment of Village Landing's debt for the

construction and development of the project.18

[16] When HKJ provided project plans to the Town of Leland in June and July

2006, HKJ was informed that the plans prepared by Cogswell did not qualify for

townhouse construction under the Residential Building Code and that the project had

not been approved by the Town.19 HKJ failed to notify Plaintiffs about this issue and

began construction regardless.20

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2014 NCBC 22, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lancaster-v-harold-k-jordan-co-ncbizct-2014.