Pearson v. Wadleigh, Starr

CourtDistrict Court, D. New Hampshire
DecidedSeptember 24, 1998
DocketCV-97-363-JD
StatusPublished

This text of Pearson v. Wadleigh, Starr (Pearson v. Wadleigh, Starr) is published on Counsel Stack Legal Research, covering District Court, D. New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pearson v. Wadleigh, Starr, (D.N.H. 1998).

Opinion

Pearson v. Wadleigh, Starr CV-97-363-JD 09/24/98 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEW HAMPSHIRE

In re John E. Pearson John E. Pearson

v. Civil No. 97-363-JD

Wadleigh, Starr, Peters, Dunn & Chiesa, et al.

O R D E R

John E. Pearson was the debtor in a Chapter 7 bankruptcy

proceeding that arose after the collapse of his real estate

ventures in the early 1990's. In the course of the bankruptcy

proceedings, Pearson's claims against others involved in his

failed business ventures were resolved by settlement. Pearson

appeals the bankruptcy court's denial of his motion for relief

from its approval of a compromise of claims against First New

Hampshire Bank.

Background1

John Pearson invested in real estate development during the

1980's including a condominium project in Merrimack, New

Hampshire, developed by Bradford Woods, Inc., which was owned by

1The background facts are taken from the bankruptcy court's order. In re Pearson, 210 B.R. 500 (Bankr. D.N.H. 1997) and the record filed on appeal. Pearson and members of the Tamposi family ("the Tamposis"). The

construction loan for the project was provided by First New

Hampshire Bank ("the Bank"). While the project prospered at

first, it stalled in 1989 with the general downturn in the real

estate market. The resulting financial difficulties set Pearson

and the Tamposis at odds leading to law suits filed by both

sides.

In 1990, the Bank notified Bradford Woods that it would

foreclose on the real estate. The Tamposis, according to

Pearson, negotiated a deal with the Bank without Pearson's

knowledge whereby the Tamposis' new company. Spring Pond

Development Corporation, bought Bradford Woods' condominium units

at the foreclosure sale and assigned its interest to a subsidiary

of the Bank's parent company, which then sold the units back to

Spring Pond with financing from the Bank to complete the

development. The Bank assigned Pearson's deficiency owed on the

Bradford Woods development loan to the Tamposis for collection.

Pearson alleges that the Tamposis arranged the deal in violation

of their duties of loyalty to Bradford Woods and to him.

During this time, William Gannon of the law firm of

Wadleigh, Starr, Peters & Chiesa, represented Pearson in many

matters including his business dealings and his disputes with the

Tamposis. Robert Murphy of the Wadleigh firm also represented

2 Pearson. William Tucker, another partner at the Wadleigh firm,

sat on the board of directors and loan committee of the financing

arm of the Bank that made the refinancing deal with the Tamposis.

Another attorney in the Wadleigh firm was listed as the

incorporator of the Spring Pond corporation.

The Tamposis, represented by John Rachel with the Law Office

of Daniel Sklar, and William Tucker raised a guestion of a

conflict of interest in Gannon's representation of Pearson in his

litigation against the Tamposis. In a letter dated October 23,

1990, Pearson acknowledged the potential conflicts in

representation:

Apparently Bill Tucker of your firm has been representing the Tamposis on the Bradford Woods matter and has formed Spring Pond Development Corp. which is now the vehicle they are using to dispose of the Bradford Woods property to my detriment. Further, Bob Murphy has been having an ongoing relationship representing the Tamposis' interest in connection with a zoning matter . . . in Nashua and Hollis.

In the same letter, however, Pearson urged Gannon to move ahead

with his litigation against the Tamposis as guickly as possible.

In November of 1990, the Tamposis moved to disgualify the

Wadleigh firm from representing Pearson in his suit against them

on grounds that nine members of the Wadleigh firm, including

Robert Murphy, had represented members of the Tamposi family in

their business and financial affairs involving ten different

3 entities. Robert Murphy responded on behalf of Pearson that

before the case was filed, the parties and their counsel met,

discussed the conflict issues, and agreed that the Wadleigh firm

could represent Pearson in the litigation. The court denied the

motion to disgualify counsel. In a letter dated January 11,

1991, Gannon wrote to Pearson that the Wadleigh firm could not

represent him in suits brought against him by the Tamposis

because of a conflict of interest.

In April of 1992, Pearson, represented by William Gannon,

filed a Chapter 7 bankruptcy petition. At the time of filing,

Pearson was involved in sixty-one law suits. Three suits

involving the Tamposis and the Bank (separate from the suit in

which the conflict issue arose) pertained to Pearson's guaranty

of the loan from the Bank for the Bradford Woods project and the

Tamposis' subseguent dealings with the Bank on their Spring Pond

project. One suit was removed to federal court while the other

two closely related suits remained in state court.2

In September of 1994, the trustee for the bankruptcy estate,

Victor Dahar ("the Trustee"), gave notice to all creditors that

2Ihe two state court suits were a pro se action by Pearson to enjoin the Bank, the Tamposis, and other entities involved in the Bradford Woods project financing from proceeding against him on any of the outstanding loans and the Bank's action against Pearson to recover on the loan to Bradford Woods guaranteed by Pearson.

4 he was filing an application to employ William Gannon as special

counsel to handle Pearson's litigation. In October, the Trustee

moved for authority to sell to the Bank's parent company all of

the estate's claims in Pearson's three suits with the Bank along

with all of Pearson's stock and other interests in the Bradford

Woods project. The Trustee also sought authority to sell the

estate's claims against the Tamposis and other loan guarantors.

Pearson objected, and the Trustee withdrew the motion.

On November 22, 1994, William Gannon was appointed to

represent the estate in all of Pearson's litigation, including

the Tamposi cases, except cases involving the Bank. Gannon

disclosed a conflict preventing him from representing the estate

in the Bank litigation. A hearing on the appointment was held on

November 17, 1994, at which no one objected to Gannon's appoint­

ment to represent the estate in litigation other than the Bank

cases. The estate settled Pearson's claims with the Tamposis

with approval of all parties including Pearson.

Apparently believing that his conflict was resolved once the

Tamposis were removed from the litigation, Gannon filed an

application to represent the estate in the remaining litigation

with the Bank. On October 12, 1995, the Trustee filed an ex

parte motion to allow Gannon to represent the estate to settle

the Bank litigation, which the court approved. Behind the

5 scenes, Pearson was pressing Gannon to get involved in settling

the Bank litigation. The Bank advised the Trustee that it

objected to Gannon's appointment on grounds of a conflict of

interest. Gannon then withdrew his application and the court

vacated the appointment. The Trustee handled settlement

negotiations on behalf of the estate for the Bank litigation.

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