Pacific 5000, L.l.c., V. Kitsap Bank

CourtCourt of Appeals of Washington
DecidedJune 7, 2022
Docket55558-1
StatusPublished

This text of Pacific 5000, L.l.c., V. Kitsap Bank (Pacific 5000, L.l.c., V. Kitsap Bank) is published on Counsel Stack Legal Research, covering Court of Appeals of Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pacific 5000, L.l.c., V. Kitsap Bank, (Wash. Ct. App. 2022).

Opinion

NOTICE: SLIP OPINION (not the court’s final written decision)

The opinion that begins on the next page is a slip opinion. Slip opinions are the written opinions that are originally filed by the court. A slip opinion is not necessarily the court’s final written decision. Slip opinions can be changed by subsequent court orders. For example, a court may issue an order making substantive changes to a slip opinion or publishing for precedential purposes a previously “unpublished” opinion. Additionally, nonsubstantive edits (for style, grammar, citation, format, punctuation, etc.) are made before the opinions that have precedential value are published in the official reports of court decisions: the Washington Reports 2d and the Washington Appellate Reports. An opinion in the official reports replaces the slip opinion as the official opinion of the court. The slip opinion that begins on the next page is for a published opinion, and it has since been revised for publication in the printed official reports. The official text of the court’s opinion is found in the advance sheets and the bound volumes of the official reports. Also, an electronic version (intended to mirror the language found in the official reports) of the revised opinion can be found, free of charge, at this website: https://www.lexisnexis.com/clients/wareports. For more information about precedential (published) opinions, nonprecedential (unpublished) opinions, slip opinions, and the official reports, see https://www.courts.wa.gov/opinions and the information that is linked there. For the current opinion, go to https://www.lexisnexis.com/clients/wareports/. Filed Washington State Court of Appeals Division Two

June 7, 2022

IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON

DIVISION II PACIFIC 5000, L.L.C., a Washington Limited No. 55558-1-II Liability Company; and PACIFIC 5000 LLC, a Washington Limited Liability Company;

Respondent,

v. PUBLISHED OPINION KITSAP BANK, A Washington Bank Corporation; JAMES LEON DAVIS, a.k.a. JIM DAVIS and JANE DOE DAVIS, husband and wife, and the marital community comprised thereof,

Respondents,

MAXA, J. – Pacific 5000, LLC (Pacific) appeals the trial court’s dismissal of its lawsuit

against Kitsap Bank and James Davis under CR 12(b)(6) and the imposition of CR 11 sanctions

based on a finding that the lawsuit was baseless.

In its complaint filed in 2020, Pacific alleged that Kitsap Bank’s predecessor, Fife

Commercial Bank (FCB), and Davis, FCB’s president, conspired with Carl Haglund to engineer

a complicated scheme that forced Pacific to sell commercial property Pacific owned for below its

market value. Pacific asserted claims for violation of the Consumer Protection Act (CPA),

chapter 19.86 RCW, and conspiracy in restraint of trade.

Pacific previously had filed a lawsuit against Haglund, asserting various causes of action

including CPA violations and conspiracy in restraint of trade. In 2017, Pacific obtained a For the current opinion, go to https://www.lexisnexis.com/clients/wareports/. No. 55558-1-II

judgment against Haglund for $313,447, which was the equity that Pacific had in the subject

property in May 2015 when Haglund’s malfeasance began. That amount was trebled to

$940,341 under the statutory trespass statute and under the CPA provision prohibiting a

conspiracy in restraint of trade. Haglund subsequently satisfied the judgment.

The trial court in the Haglund lawsuit found that Pacific’s property was worth $575,000

on May 2015. But in November 2018 the property sold for $1,075,000. Pacific now seeks to

recover from Kitsap Bank and Davis the property’s appreciation in value above the $313,447

previously recovered.

We hold that (1) the judgment in the Haglund lawsuit and Haglund’s satisfaction of that

judgment precludes Pacific from claiming additional damages from Kitsap Bank and Davis

based on postjudgment appreciation of property value, and (2) Pacific cannot recover the same

treble damages from Kitsap Bank and Davis that it already recovered from Haglund. However,

we hold that the trial court erred in imposing CR 11 sanctions against Pacific because Pacific’s

claims were not baseless.

Accordingly, we affirm the trial court’s dismissal of Pacific’s complaint against Kitsap

Bank and Davis, but we reverse the trial court’s imposition of CR 11 sanctions against Pacific.

FACTS

Background

Because this case was dismissed under CR 12(b)(6), the background facts are recited as

alleged in Pacific’s complaint. Most of the same facts are contained in the findings of fact

entered in the Haglund lawsuit, which was incorporated by reference and attached as an exhibit

to the complaint.

2 For the current opinion, go to https://www.lexisnexis.com/clients/wareports/. No. 55558-1-II

In 2002, Pacific owned an 11-unit apartment building in Tacoma. To finance the

building, Pacific took out a loan with FCB that was secured by a deed of trust against the

property. Pacific’s owner and manager, George Humphrey, personally guaranteed the loan.

In 2012, Pacific had to remove its tenants and renovate after a break-in occurred. After

repairs were done, Pacific chose not to re-lease the building pending further developments.

Pacific continued to make its monthly payments against the loan during and after repairs. By

June 2015, the total balance on the loan was $232,476.64.

In May 2015, FCB entered into an agreement with Kitsap Bank in which FCB would be

acquired through a merger. Davis, FCB’s president, had millions of dollars riding on a

successful merger. Because of the merger, FCB was anxious to get any nonconforming loans off

its books, which included Pacific’s non-income producing property. Davis contacted another

FCB borrower, Haglund, about acquiring the bank’s note and deed of trust.

On May 20, Haglund entered the property without permission from Humphrey,

ostensibly as part of his due diligence before acquiring the note and deed of trust. When FCB

learned of the trespass, it implicitly encouraged Haglund to trespass again at his own risk.

Haglund trespassed on the property a second time during the week of May 25. He

sabotaged the building’s electrical system by cutting holes in the ceiling of each room and

severing electrical conduits and by damaging several electrical panels. He also cut holes in the

dry wall between apartment units so he could gain access to other units and commit widespread

damage. Even though FCB was aware that Haglund had entered the property a second time, it

did not inform Humphrey of Haglund’s trespass.

On June 3, Haglund entered into an agreement with FCB to acquire Pacific’s note and

deed of trust for $232,476.64. Haglund made a payment of $50,000 and FCB financed the rest

3 For the current opinion, go to https://www.lexisnexis.com/clients/wareports/. No. 55558-1-II

of the transaction. And FCB retained power to collect on the note and to foreclose on the deed of

trust. Davis informed Humphrey that FCB had sold the note to Haglund, but he did not tell him

that FCB remained a secured party.

After acquiring the note, Haglund met with Humphrey to discuss his interest in buying

the building. Humphrey offered to sell the property in exchange for a cash payment of $70,000,

assumption of tax liability, and satisfaction of the existing debt even though the building was

worth substantially more.

Haglund arranged a walkthrough of the building with Humphrey. At this time Humphrey

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Pacific 5000, L.l.c., V. Kitsap Bank, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pacific-5000-llc-v-kitsap-bank-washctapp-2022.