Sm Corrigan, LLC v. 6428 Church Street, LLC

CourtCourt of Appeals of Georgia
DecidedOctober 4, 2019
DocketA19A0963
StatusPublished

This text of Sm Corrigan, LLC v. 6428 Church Street, LLC (Sm Corrigan, LLC v. 6428 Church Street, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Sm Corrigan, LLC v. 6428 Church Street, LLC, (Ga. Ct. App. 2019).

Opinion

FIRST DIVISION BARNES, P. J., MERCIER and BROWN, JJ.

NOTICE: Motions for reconsideration must be physically received in our clerk’s office within ten days of the date of decision to be deemed timely filed. http://www.gaappeals.us/rules

September 24, 2019

In the Court of Appeals of Georgia A19A0930. 6428 CHURCH STREET, LLC et al. v. SM CORRIGAN, LLC et al. A19A0931. JAMES J. CORRIGAN, AS TRUSTEE OF THE JAMES J. CORRIGAN 1989 TRUST v. 6428 CHURCH STREET, LLC et al. A19A0963. SM CORRIGAN, LLC et al. v. 6428 CHURCH STREET, LLC et al.

MERCIER, Judge.

These related appeals arise from a business dispute involving James Corrigan

(“James”), Shannon Corrigan (“Shannon”), Kenneth Downing (“Downing”), and their

corporations. In 2011, James, as the Trustee of the James J. Corrigan 1989 Trust, sued

Downing, 6428 Church Street, LLC (“6428 Church”), and C&S 1, LLC (“C&S”)

(collectively, “the defendants”) for numerous claims, including breach of contract and

fraud. The next year, Shannon and her company, SM Corrigan, LLC (“SMC”), brought a separate suit against Downing and 6428 Church, alleging claims for, among

other things, breach of contract and fraud. In response to the second suit, Downing

and 6428 Church filed counterclaims for breach of contract and litigation expenses.

The two lawsuits were consolidated in 2013, and the various parties moved for

summary judgment. In a single order, the trial court granted summary judgment to the

defendants on the fraud claims brought by James, Shannon, and SMC.1 It also granted

Shannon and SMC summary judgment on Downing and 6428 Church’s

counterclaims.

In Case No. A19A0930, the defendants appeal the trial court’s order granting

Shannon and SMC summary judgment on their counterclaims.2 In Case No.

A19A0931, James (as Trustee of the James J. Corrigan 1989 Trust) challenges the

trial court’s grant of summary judgment to the defendants on his fraud claim. Finally,

in Case No. A19A0963, Shannon and SMC appeal the trial court’s fraud

determination as to them. For reasons that follow, we affirm in part and reverse in

1 Other claims alleged by James, Shannon, and SMC – including for breach of contract – remain pending below. 2 Although it appears that only Downing and 6428 Church are impacted by the trial court’s ruling in Case No. A19A0930, all three defendants are included in the notice of appeal, so we will refer to them as “the defendants.”

2 part the trial court’s ruling in Case No. A19A0930, and we affirm the rulings in Case

No. A19A0931 and Case No. A19A0963.

Summary judgment is appropriate when “the pleadings, depositions, answers

to interrogatories, and admissions on file, together with the affidavits, if any, show

that there is no genuine issue as to any material fact and that the moving party is

entitled to a judgment as a matter of law.” OCGA § 9-11-56 (c). We review the grant

of summary judgment de novo, construing the evidence and all reasonable inferences

in favor of the non-moving party. See Pacrim Assoc. v. Turner Home Entertainment,

235 Ga. App. 761, 762 (510 SE2d 52) (1998).

So viewed, the evidence shows that James and Downing began working

together in the 1980s, brokering and investing in real estate. In 2006, the two entered

into a joint venture to purchase, refurbish, and refinance and/or sell Riverdale Villas,

an apartment complex located in Riverdale, Georgia.3 The property was acquired

using money loaned by James, and ownership was placed within 6428 Church, a

limited liability corporation of which Downing was the manager and sole member.

3 James alleges that his actions in the various business deals at issue here were undertaken on behalf of the James J. Corrigan 1989 Trust.

3 James subsequently informed Downing that his sister, Shannon, wanted to

participate in the Riverdale Villas venture, and they negotiated her participation, with

James acting as her agent throughout the transaction. On June 21, 2006, Shannon

purchased a 70 percent ownership interest in the property for approximately $1.2

million. As part of the acquisition, she made an immediate capital investment of

$590,000 that was to be used to refurbish the property and to repay James a portion

of the money he had loaned to the venture. She also signed notes and guarantees for

the remainder of the purchase price. Shannon and 6428 Church executed a co-tenancy

agreement that governed their ownership interests and established 6428 Church as the

manager of the property. Shannon then transferred her 70 percent interest to SMC, her

limited liability corporation.

According to Downing, “it[] [was] always . . . my understanding that this was

a buy and refi, or buy-and-sell situation with the property, that it would be a one to

two-year type of investment.” Shannon also expected a maximum two-year

investment that would provide her a guaranteed rate of return and tax benefits. After

renovating Riverdale Villas, however, the joint venture continued to own and operate

the property well beyond this two-year time frame. No refinancing ever occurred, and

Downing testified that the property did not generate any profit and declined in value.

4 Shortly after the Riverdale Villas venture commenced, James took part in

another venture with Downing and several others to purchase the Sheraton House

Apartments, an apartment complex located in Forest Park, Georgia. On September 14,

2006, James wired Downing $400,000 for the down payment on Sheraton House.

Although a portion of the money was later repaid to James, the venture retained

$100,000, giving James a stake in the Sheraton House profits and losses. Downing

testified that James was not a party to the co-tenancy agreement governing the

Sheraton House venture, but the partnership “worked out some sort of creative deal

where he would share in the profits and losses.” Title to Sheraton House was placed

in C&S, another limited liability corporation of which Downing was the manager and

sole member.

Within a few months, James began asking Downing questions about the

parties’ respective financial stakes in the Sheraton House venture. He posed further

questions to all of the partners regarding finances and the day-to-day operation of the

business. In reply, Downing asked James to direct all questions to him, rather than to

the other Sheraton House partners, since James was not a party to the co-tenancy

agreement.

5 Eventually, James became frustrated with what he viewed as a lack of response

to his inquiries. James demanded return of the funds he had invested in the Sheraton

House venture, plus interest. No funds were returned. At the time of Downing’s

deposition, C&S still owned Sheraton House, but the property was on the verge of

foreclosure. Although the property had a positive cash flow, two of the venture’s

other partners had removed $60,000 from the operating account without consulting

Downing or James.

With both ventures struggling financially, James, Shannon, and SMC sued the

defendants for breach of contract, fraud, and other claims. 6428 Church filed a

counterclaim against Shannon for breach of the co-tenancy agreement. Downing and

6428 Church also alleged a counterclaim against Shannon and SMC for litigation

expenses. The defendants moved for summary judgment on the fraud allegations, and

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