Olsen v. Warren

CourtSuperior Court of Maine
DecidedFebruary 11, 2010
DocketCUMcv-09-380
StatusUnpublished

This text of Olsen v. Warren (Olsen v. Warren) is published on Counsel Stack Legal Research, covering Superior Court of Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Olsen v. Warren, (Me. Super. Ct. 2010).

Opinion

STATE OF MAINE SUPERIOR COURT CUMBERLAND, ss CIVIL ACTION DOCKET NO. CV-09-38Q, / ' ~6 V-C[}/Y) - d.jl1!J..ctO COLLEEN and CHRIS OLSEN, • Plaintiffs ORDER ON THE K\;V DEFENDANTS' v. MOTION TO DISMISS

KAILE WARREN, K\;Y ENTERPRISES, INC, RENT-A-HUSBAND, LLC, (THE KW DEFENDANTS)

SHAWN P. LYDEN, and

COASTAL REALTY, LLC, Defendants

BEFORE THE COURT

Before the court is a Motion to Dismiss pursuant to M.R. Civ. P. 12(b)(6)

filed by Defendants Kaile Warren, KW Enterprises, [nc., and Rent-A-Husband,

LLC, collectively known as the "K\;Y Defendants."

BACKGROUND

This suit pertains to financing arrangements the Plaintiffs, husband and

wife Chris and Colleen Olsen (the Olsens), entered into with the KW Defend,1I1ts

and Defendants Shawn Lyden and Coastal Realty Capital, LLC. Defendant

Warren resides in Windham, Maine. \;Yarren is the CEO of Rent-A-Husband,

LLC, LInd is also ,111 officer and shareholder of K\V Enterprises, Inc. Rent-A-

Husband, LLC is a Delaware Corporation. Lyden is a member of Coastal Realty

Capital, a Maine limited liability company.

The Olsens live in Windham, Maine. Warren became acquainted with the

Olsens while serving on the Windham Town Council. \;Yarren approached the Olsens about investing in his company Rent-A-Husband. On March 28, 2008, the

Olsens agreed to tender two parcels of land (one of which included their

personal residence) and another $5,000 in cash to Rent-A-Husband in exchange

for a "Non-Negotiable, Convertible Prom.issory Note," which promised to pay

the Olsens $199,650 with interest of 10% per year by March 28, 2010. The Olsens

never deeded their property to Rent-A-Husband and it appears that this deal

was not executed. However, Warren signed the Convertible Note as the CEO of

Rent-A-Husband. The Olsens clairn that Warren represented that the

Convertible Note gave them an interest in Rent-A-Husband. The Olsens later

tendered two short-ternl10ans to Warren, one for $5,000 and one for $10,000.

The Olsens claim that these loans have not been paid back.

A year lilter, on or around March 4,2009, the Olscns al1mved Warren to

use their properties as collateral for a $45,000 loan he needed for Rcnt-A­

Husband. The Olsens claim \;\Tarren engaged Shawn Lyden of Coastal Realty

Capital, LLC to help put the deal together. On March 4, 2009, the Olsens'

properties were mortgaged to Coastal Realty Capital to secure the loan for

$45,000 (the Coastal Loan) to KW Enterprises. The Olsens claim that Warren

represented that they were obligated by the Convertible Note to pledge their

house. The Convertible Note vvas signed by Rcnt-A-HusbClnd in 200R, and was

not signed by KW Enterprises. Accordingly, the Olsens claim that no document

exists showing that, prior to the Coastal Loan, the Olsens owed any duties to

either K\'V Enterprises, Inc. or Warren, because neither \Varren nor K\V

Enterprises was a party to the Convertible Note. The 01sen5 claim that Rent-A­

Husband's authority to do business in Maine was revoked on or before

September 5, 2008. The 015en5 allege that Warren never advised them that

2 almost all of the Rent-A-I-Iusband subsidiaries in Maine had either been

dissolved or had their authority to do business in Maine revoked by the Maine

Secretary of State.

The Olsens claim that during all discussions about transferring their

properties or encumbering them, they made it clear to VVarren that they did not

want their residence at risk in any way. The Olsens claim that both Warren and

Lyden reassured them that their residence would not be at any risk of

foreclosure. According to the Olsens, on March 4th , 2009, Lyden advised them of

their rights as they pertained to pledging their real estate. The Olsens claim they

have not received any consideration in exchange for mortgaging their property

to secure the Coastal Loan.

According to the Olsens, as a result of the Coastal Loan transaction, KW

Enterprises and/ or Warren received

properties were encumbered to Coastal, and the 01sens received no

consideration and no documentation. The Olsens do not know if Warren or KvV

Enterprises arc in dcfaul t on a note secured by the Coastal mortgage, and they do

not know if their properties will be foreclosed upon by Coastal.

The Olsens filed suit on June 25,2009 alleging the following claims: (1)

Count I alleges that Defendants Wi:wren, K"'V Enterprises, Lyden, and CO('lstal

Realty Capital violated the Unfair Trade Pr,lctices Act by making

misrepresentations about the status of Rent-A-Husb(lnd and the Convertible

Promissory Note in order to secure the Coastal Loan; (2) Count II claims that

Defendants \,yarren, KW Enterprises, Lyden, and Coastal Realty Capital made

false representations of material facts, which the Olsens relied on, in order to

induce them to make the short term loans and to allO'v a mortgage to be placed on their home; (3) Count lIT clairns that Lyden and Coastal Realty Capital

breached their fiduciary duty to the Olsens; (4) Count IV is a negligence claim,

which alleges that the Defendants breached their duty of good fai th and fair

dealing, and as a result the Olsens suffered economic and non-economic harm;

and (5) Count V alleges Defendants Warren, KW En terprises, Lyden, and Coastal

committed conversion by convincing the Olsens to mortgage their house to

Coastal. Counts VI, VH, and VIn allege Lyden and Coastal Realty Capital

violated the Federal Truth in Lending Act, the Maine Truth in Lending Act, and

the Maine Consumer Credit Code.

The KW Defendants filed a Motion to Dismiss on August 20, 2009.

Specifically, they challenge Counts I, If, IV, and V. The court addresses the

Motion to Dismiss below.

DISCUSSION

I. Standard of Review

A Motion to Dismiss pursuant to M.R. Civ. [~. 12(b)(6) "tests the legal

sufficiency of the complaint and, on such a chaJJenge, 'the rnaterial allegations of

the complaint rnust be taken as admitted.'" Shaw v. SOlltllent Aroostook COI/IlII.

Sell. Dist., 683 A.2d 502, 503 (Me. 1996) (quoting lv1cAfc(, v. Cole, 637 A.2d 463, 465

(Me.1994)). When reviewing a Motion to Dismiss, this Court examines "the

complaint in the light most favorable to the plaintiff to determine whether it sets

forth elements of a cause of action or alleges facts that would entitle the plaintiff

to relief pursuant to some legal theory." lrf. A dismissal under M.R. Civ. P.

12(b)(6) will be granted only '''.vhen it appears beyond a doubt that the plaintiff is

entitled to no relief under any set of facts that he might prove in support of his

4 claim." Td. (quoting Hall v. Bd. of Ellvt/. Pro!.! 498 A.2d 260! 266 (Me. 1985)). This

is a question of law. Bcnll v. Clllllll1ings! 2008 ME 18! 9I 7! 939 A.2d 676! 679.

II. Unfair Trade Practices Act Claim

The KW Defendants claim. that the Olsens have failed to allege the factual

elements needed to assert a private claim under the Maine Unfair Trade Practices

Act. 5 M.R.5. § 205-A cf sci].

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