Pearson v. Zaehringer

2023 IL App (1st) 220561-U
CourtAppellate Court of Illinois
DecidedMay 5, 2023
Docket1-22-0561
StatusUnpublished

This text of 2023 IL App (1st) 220561-U (Pearson v. Zaehringer) is published on Counsel Stack Legal Research, covering Appellate Court of Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Pearson v. Zaehringer, 2023 IL App (1st) 220561-U (Ill. Ct. App. 2023).

Opinion

2023 IL App (1st) 220561-U

SIXTH DIVISION May 5, 2023

No. 1-22-0561

NOTICE: This order was filed under Supreme Court Rule 23 and is not precedent except in the limited circumstances allowed under Rule 23(e)(1).

IN THE APPELLATE COURT OF ILLINOIS FIRST JUDICIAL DISTRICT

RICHARD T. PEARSON, Individually and on Behalf of ) His IRA, ) ) Plaintiff, ) Appeal from the ) Circuit Court of v. ) Cook County. ) RICHARD ZAEHRINGER, ) ) No. 20 L 011647 Defendant and Third-Party Plaintiff-Appellee, ) ) v. ) Honorable ) James E. Snyder, UPSTATE LAW GROUP, LLC; CANDY KERN ) Judge Presiding. FULLER; and HOWARD E. SUTTER III, ) ) Third-Party Defendants-Appellants. )

PRESIDING JUSTICE MIKVA delivered the judgment of the court. Justices C.A. Walker and Tailor concurred in the judgment.

ORDER

¶1 Held: Where third-party defendants’ motion to dismiss appears to have been ruled on prematurely, we reverse the circuit court’s order denying it and remand this matter for a ruling following the completion of discovery and briefing on the issue of personal jurisdiction. No. 1-22-0561

¶2 This is an interlocutory appeal by permission from the circuit court’s denial of a motion to

dismiss for lack of personal jurisdiction. The plaintiff in the underlying suit, Richard Pearson, is a

Pennsylvania resident who alleged he was convinced by defendant and third-party plaintiff

Richard Zaehringer, a resident of Illinois, to invest his savings in an annuity scam. Mr. Zaehringer

sued third-party defendants Upstate Law Group (ULG), Candy Kern, and Howard Sutter, all based

in South Carolina, for contribution, alleging that it was they who perpetrated and promoted the

investment scheme.

¶3 Third-party defendants deny that Illinois courts can lawfully exercise jurisdiction over

them in this matter, and accordingly moved to dismiss the claims against them under section 2-301

of the Code of Civil Procedure (Code) (735 ILCS 5/2-301) (West 2020)). The circuit court allowed

limited discovery on the question of personal jurisdiction and set a briefing schedule on the motion.

Briefing was delayed, however, as the parties became embroiled in discovery disputes, and the

circuit court ultimately denied the motion to dismiss before those disputes were resolved and

before a response or reply had been filed.

¶4 For the reasons that follow, we reverse the circuit court’s order denying third-party

defendants’ motion to dismiss and remand this matter for completion of discovery and resolution

of the issue of personal jurisdiction based on a more complete record.

¶5 I. BACKGROUND

¶6 A. The Underlying Complaint

¶7 Mr. Pearson alleged in his complaint, filed on October 30, 2020, that in 2015 and 2016 Mr.

Zaehringer, an Illinois insurance agent, visited him at his home in Pennsylvania and “aggressively

solicited” him to invest his savings, totaling nearly $800,000, in a “multi-generational legacy plan”

offered by Penn Life Mutual Insurance Company (Penn Life). Mr. Zaehringer promoted the plan

2 No. 1-22-0561

as a safe investment that would be “96% liquid from day one” and tax free. Mr. Pearson’s IRA

savings would be held by an entity called IRA Services, and Mr. Zaehringer would be authorized

to draw from that account to make monthly premium payments on a $2 million Penn Life insurance

policy naming Mr. Pearson as beneficiary.

¶8 Mr. Pearson alleged that, unbeknownst to him, his funds were disbursed from IRA Services

to a second entity, Performance Arbitrage Company, Inc. (PAC), which provides high-interest

loans to veterans and other cash-poor beneficiaries of federal pensions. These loans are supposed

to be repaid out of pension payments. Mr. Pearson believed that his signature was forged on a

number of agreements to make these loans in return for pension payments. When the pension

payments were not sufficient to make the full payment due to Mr. Pearson, the IRA Services

account did not pay the full amount of Mr. Pearson’s monthly premiums. Mr. Pearson alleged that

he had to liquidate the insurance policy at a loss of over $600,000, as a result of this scheme. Mr.

Pearson brought claims against Mr. Zaehringer for breach of fiduciary duty, violation of

Pennsylvania’s consumer fraud law, fraudulent misrepresentation, and negligence.

¶9 Mr. Zaehringer unsuccessfully moved to dismiss the complaint against him for failure to

state a cause of action on which relief could be granted. In his answer to the complaint, he denied

every material allegation except that he had explained a “multi-generational legacy” plan offered

by Penn Life to Mr. Pearson and asserted affirmative defenses not relevant to this appeal.

¶ 10 B. The Third-Party Complaint

¶ 11 On May 24, 2021, Mr. Zaehringer filed the third-party complaint that is the subject of this

appeal, seeking contribution from ULG, a South Carolina law firm organized as a limited liability

company, and its principals, Candy Kern and Howard Sutter, both citizens and residents of South

Carolina. Mr. Pearson alleged that “through various agents”—including PAC, Life Funding

3 No. 1-22-0561

Options, and Financial Products Distributors, LLC—Ms. Kern and Mr. Sutter “devised and

operated the pension income stream program at issue in this case.” According to Mr. Zaehringer,

third-party defendants used “their firm’s IOLTA account as the conduit through which the other

parties channel[ed] their monies” and served as the “legal muscle,” facilitating the scheme by

assisting in the execution of the pension-income purchase contracts, suing defaulting pensioners

to enforce those agreements, and opposing attempts to discharge debt through bankruptcy.

¶ 12 Mr. Zaehringer maintained that he “had no dealings” with ULG, Ms. Kern, or Mr. Sutter

and “did not participate in any way in preparing the marketing materials, approving applications,

drafting, or executing any of the contracts associated with the pension stream transactions or

facilitating the exchange of funds.” According to his complaint, his role in the pension-stream

contracts “was limited to referring prospective applicants to M. David Woodard and Financial

Products Distributors, LLC.” Mr. Zaehringer alleged that once he “identified and referred a

prospective applicant, he had no further involvement in the transaction.”

¶ 13 As bases for the court’s personal jurisdiction over third-party defendants, Mr. Zaehringer

alleged that they knew or should have known that he resided in the State of Illinois and transacted

business here, that they themselves transacted business in the State of Illinois, that they breached

fiduciary duties in the State of Illinois, and that they committed torts in the State of Illinois. He

alleged that third-party defendants “made material omissions and false representations in the

marketing materials” by, among other things:

“a. failing to disclose that the other parties they were involved with had been the

subject of multiple enforcement actions and cease-and-desist orders issued by several state

regulatory authorities;

b. failing to disclose that the pension income stream contracts were of questionable

4 No. 1-22-0561

legality;

***

e. falsely representing that the due diligence process ensured that only sellers most

able to maintain their financial commitment were approved; and

f. failing to disclose that up to 80 or 90 percent of sellers defaulted on their

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2023 IL App (1st) 220561-U, Counsel Stack Legal Research, https://law.counselstack.com/opinion/pearson-v-zaehringer-illappct-2023.