Matthew J. Gerber v. James C. Justice Companies, Inc.

Court of Appeals of Virginia·Decided September 8, 2026·No. 0871252·Unpublished

Opinion

COURT OF APPEALS OF VIRGINIA Record No. 0871-25-2

MATTHEW J. GERBER

v.

JAMES C. JUSTICE COMPANIES, INC., ET AL.

Present: Judges Causey, Raphael and Duffan Argued at Lexington, Virginia Opinion Issued September 8, 2026*

FROM THE CIRCUIT COURT OF ALBEMARLE COUNTY Cheryl V. Higgins, Judge

Evan D. Mayo (Daniel R. O. Long; Payal C. Sampat; Mayo Law Group PLLC, on briefs), for appellant.

Aaron B. Houchens (Aaron B. Houchens, P.C., on brief), for appellee James C. Justice Companies, Inc.

MEMORANDUM OPINION BY

JUDGE KEVIN M. DUFFAN

Matthew J. Gerber appeals the Albemarle County Circuit Court’s order granting James C.

Justice Companies, Inc.’s (JCJC) “Post-Trial Motion for Enforcement of Settlement Credit and Reduction of Pre-Judgment Interest” under Code § 8.01-35.1. The circuit court’s order mandated that JCJC’s judgment be completely offset by Gerber’s settlement with previous co-defendant, Carey Douglas Kessler & Ruby, PLLC (CDKR). The issues on appeal are: (1) whether JCJC and CDKR caused the “same injury” to Gerber, (2) whether JCJC met its burden in its motion for the offset, (3) whether the circuit court was required to apportion CDKR’s settlement, and (4) whether Gerber waived his computer fraud claim against CDKR. For the following reasons, we affirm.

*

This opinion is not designated for publication. See Code § 17.1-413(A).

BACKGROUND

I. The Underlying Commission Transaction At the beginning of his career as a financial investment manager, Matthew J. Gerber met James (Jay) C. Justice, III through a mutual friend. Gerber began working with JCJC, a holding company of real estate and mineral interests, in 2008. The scope of his arrangement1 was to manage the sale of companies owned by the Justices to “build out [their] family investment office.” At the time of trial, Jay Justice was the president and chief executive officer of JCJC. Jay Justice thought of Gerber as a “contractor” for JCJC by the time Gerber was terminated.

JCJC owned property called the Presidential Estates. In 2018, JCJC was interested in preserving building rights on the property and maximizing the value of a potential conservation easement on the land.2 The reason being that, once the easement was assessed, appraised, recorded, and then donated, the owner would qualify for a federal tax deduction, and the Commonwealth of Virginia would issue JCJC a tax credit for the donated easement. After issuance, the Commonwealth allowed JCJC to sell the credits to third parties. For his work on this project, Gerber expected to receive “two percent compensation” of all proceeds coming from the tax credit sales.

The conservation easement was recorded in 2019. JCJC sold three tranches of tax credits it received from the donation of the easement. Around 2020, Gerber received his first payment from the sale of the first tranche of tax credits. JCJC sold the second tranche in 2022, but instead of Gerber’s commission being sent directly to him, Todd Hochrein, a tax credit broker at the

1 Gerber testified that he never received a “formal written employment agreement with anybody that worked for [the] Justice family,” but that he negotiated his compensation with Jay Justice through e-mail. Jay Justice testified the same.

2 The purpose in creating a conservation easement was to conserve or “ensure [the property’s] protection from commercial development activities.”

Virginia Conservation Credit Exchange (VCCE), sent Gerber’s “fee . . . [to] an escrow account for outside counsel for [JCJC].” JCJC’s outside counsel at CDKR, Steve Ruby, directed Hochrein to put Gerber’s commission into CDKR’s escrow account.

Jay Justice testified that JCJC took issue with Gerber’s assurance to it that the conservation easement was worth $20 million because the Commonwealth’s valuation came out to be only $4 million. Because of this significant difference, JCJC pursued litigation against the Commonwealth in the Richmond City Circuit Court. In response to that litigation, Ruby advised that “[JCJC was] better off . . . escrow[ing] [Gerber’s commission] and deal[ing] with it down the road.”

In February 2021, JCJC terminated its relationship with Gerber. Jay Justice testified that JCJC had already “paid [Gerber] for the work that he had done on the first tranche.” (Emphasis added). And so, “there were no tax credits owed, and [Gerber] wasn’t paid anything, based on that.” As explained above, JCJC sold the second tranche of tax credits in 2022, after termination of the relationship with Gerber.3 In total, Gerber was supposed to receive approximately $190,0004 in commission. By the time of trial, September 2024, his commission was still being held in CDKR’s escrow account.

II. Gerber’s Complaints and Settlement with CDKR On June 17, 2022, Gerber filed his initial complaint against JCJC, Jay Justice, James C.

Justice, II (collectively JCJC), and subsidiary companies5 owned in some capacity by JCJC.

3 Jay Justice testified that he and Gerber never discussed whether Gerber would still be entitled to commissions from tax credit sales in the event that he was terminated.

4 The exact amount is $192,078.

5 The defendant corporations affiliated with JCJC are: Bluestone Resources, Inc., Bluestone Coal Sales Corporation, the Greenbrier Hotel Corporation, and Blackstone Energy, Ltd.

Gerber filed an amended complaint on September 8, 2023, adding new claims against JCJC, as well as adding CDKR as a defendant. The court granted Gerber’s motion to amend.

Relevant to this appeal—for the unpaid commissions from the Presidential Estates conservation easement—Gerber pursued the following claims against the respective defendants: (1) Count IV for breach of contract against JCJC, (2) Count VII for computer fraud against CDKR, (3) Count IX for tortious interference with contract or business expectancy against JCJC and CDKR, and (4) Count X6 for conversion against CDKR. Gerber sought compensatory damages, punitive damages, prejudgment interest, attorney fees and costs, and any other relief the court found appropriate.

On November 20, 2023, Gerber served process on CDKR, but it did not respond timely in violation of Rule 3:8(a). Accordingly, on February 15, 2024, Gerber moved for default judgment against CDKR pursuant to Rule 3:19(a), which was subsequently granted by the Albemarle County Circuit Court.

In response to the default judgment, on August 28, 2024, Gerber and CDKR executed a “Settlement Agreement and Release of All Claims” (Settlement Agreement).7 As denoted in the Settlement Agreement, the “Basis for [Gerber’s] Claims” against CDKR was tortious interference with a contract or business expectation and conversion. Pursuant to the Settlement Agreement, Gerber agreed to join CDKR’s motion to vacate the default judgment, and agreed

6 There is a typographical error in the amended complaint listing two Count IXs for two separate causes of action. The first is for tortious interference against JCJC and CDKR, the second is for conversion against CDKR. The first will be referred to as Count IX and the second will be referred to as Count X, hereinafter.

7 “Although parts of the record are sealed, this appeal requires unsealing certain portions to resolve the issues raised by [the appellant]. To the extent that certain facts are found in the sealed portions of the record, we unseal those portions only as to those specific facts mentioned in this opinion.” Khine v. Commonwealth, 75 Va. App. 435, 442 n.1 (2022). “The rest remains sealed.” Id.

that he would withdraw all claims against CDKR. Furthermore, in consideration of Gerber’s withdrawal of the claims, CDKR paid Gerber $205,000; this amount was not paid with the $190,000 in CDKR’s escrow account.

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