Thomas H. Kramer, Member and Manager of Domus Property Investments, LLC v. Mark Kramer, and Domus Property Investments, LLC
This text of 27 N.E.3d 270 (Thomas H. Kramer, Member and Manager of Domus Property Investments, LLC v. Mark Kramer, and Domus Property Investments, LLC) is published on Counsel Stack Legal Research, covering Indiana Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Opinion
Brothers Mark and Thomas Kramer were 50/50 members in Domus Property Investments, LLC. Domus engaged in the business of buying, renovating, and leasing residential rental properties. The Domus operating agreement contained a noncom-petition clause whereby each brother agreed not to engage in similar activities outside of their joint business. Thomas brought this action alleging, among other things, that Mark breached the agreement by independently purchasing three properties. Mark answered and asserted several counterclaims.
After a bench trial, the trial court determined Mark committed certain breaches of the agreement, and awarded Thomas damages in the amount of $33,043.49 plus prejudgment interest. Thomas appealed, contending in part the trial court erred because it did not explicitly find a separate breach for each of the three property purchases. Thomas also contended the trial court did not award him enough damages. The Court of Appeals affirmed in part, reversed in part, and remanded to the trial court with instructions “to find Mark in breach of the Operating Agreement’s noncompetition clause as to all three of [t]he [properties and to award [Thomas] $333,156 in damages therefor.” Kramer v. Kramer, No. 71A04-1305-PL-261, slip op. at 21, 2014 WL 2446618 (Ind.Ct.App. May 30, 2014), reh’g denied. Mark seeks transfer, contending the Court of Appeals improperly determined damages.
We grant transfer, and now summarily affirm the Court of Appeals’ conclusion that Mark breached the noncompetition agreement with respect to all three properties. See Ind. Appellate Rule 58(A)(2). We remand to the trial court with instructions to determine damages.
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27 N.E.3d 270, 2015 Ind. LEXIS 199, 2015 WL 1222652, Counsel Stack Legal Research, https://law.counselstack.com/opinion/thomas-h-kramer-member-and-manager-of-domus-property-investments-llc-v-ind-2015.