U.L.G., Inc. v. Guerrero

CourtSuperior Court of Guam
DecidedJanuary 4, 2022
DocketCV0776-20
StatusUnknown

This text of U.L.G., Inc. v. Guerrero (U.L.G., Inc. v. Guerrero) is published on Counsel Stack Legal Research, covering Superior Court of Guam primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
U.L.G., Inc. v. Guerrero, (superctguam 2022).

Opinion

• FILED SUPERIOR COURT OF GUAM

1 2022 JAN — PH 3: 14 CLERK OF COURT/ 2

4 IN THE SUPERIOR COURT OF GUAM

U.LG., NC., a Guam corporation, et al., Civil Case No. CV0776-20 6 Plaintiffs, 7 vs. $ DECISION AND ORDER MARY S.N. LEON GUERRERO, et al., 9 Defendants. 10

11 INTRODUCTION 12 This matter came before the Honorable Arthur R. Barcinas upon the Amended Motion 13 to Dismiss filed by Defendants Mary S.N. Leon Guerrero and Collin Leon Guerrero. The

14 Plaintiffs in this matter — U.L.G., a Guam corporation, Peter U. Leon Guerrero, Rita LG. 15 Toves, and the Estate of Bernadette L.G. Vandergrift’ — are represented by Attorney David 16 Lu] an. Defendants Mary S.N. Leon Guerrero and Collin Leon Guerrero (“Mary” and “Collin”)

17 are represented by Attorney Joseph B. McDonald. Defendant Columbus Development

18 Corporation (“Columbus”) is represented by Attorney Anita Arriola. Defendants Phillip

19 Schrage and Alex D.B. Lim (“Phillip” and “Alex”) are represented by Attorneys Richard L.

20 Johnson and Martin Deinhart. Attorney Bill R. Mann represents Defendant and Cross-claimant

21 Lourdes P. San Nicolas (“Lourdes”) and Defendant, Cross-claimant and Counterclaimant

22 Pacific American Title Insurance and Escrow Company (“PATICO”). Defendants Pamela L.G.

24 On April 2, 2021, the Court issued an order to substitute the late Bernadette L.G. Vandergrift with the Estate of Bernadette L.G. Vandergrift, following her death on December 22, 2021. Page lof 14 1 Sahagun and Anthony I. Leon Guerrero (“Pamela” and “Anthony”) are represented by

2 Attorney Georgette Bello Concepcion.

3 Having considered the arguments, pleadings and applicable law, the Court hereby

4 GRANTS the dismissal of all claims in this matter against Defendants Pamela L.G. Sahagun

5 and Anthony J. Leon Guerrero, with prejudice. The Court further DENIES the Amended

6 Motion to Dismiss with respect to all other Defendants.

7 FACTUAL AND PROCEDURAL BACKGROUND

8 This case arises out of the alleged unlawful selling of corporate assets for personal gain

9 by Defendant Mary S.N. Leon Guerrero with the aid of all other Defendants. Mary is the

10 widow of the late Gregory Leon Guerrero (“Gregory”), and together Mary and Gregory had a

11 son named Collin Leon Guerrero. Compi. fi 2 1-22 (Oct. 19, 2020). Gregory had three siblings,

12 to include Plaintiffs Peter, Rita, and Bernadette. Id. ¶ 23. Bernadette is deceased, and her Estate

13 has been substituted in her place as Plaintiff. Gregory’s father, Pedro Leon Guerrero (“Pedro”),

14 owned a one-third interest in three real properties located in Tumon Bay (the “Properties”),

15 which are subject to a 90-year lease. Id. ¶ 24. Plaintiffs allege that Pedro and his wife, Vicenta

16 Leon Guerrero (“Vicenta”), intended that all four children would share the income generated

17 by the Properties. Id. ¶ 25.

1$ One year before his parents passed away, Gregory formed U.L.G., and title to the

19 Properties was assigned to U.L.G. Id. ¶ 26. Ownership of the Properties was transferred to

20 U.L.G. on February 2, 1993, via quitclaim deed. Id. ¶ 30. Gregory was issued 1,498 of

21 U.L.G.’s 1,500 authorized shares, while his first cousins Pamela and Anthony were issued one

22 share each. Id. ¶ 27. Gregory, Pamela, and Anthony were appointed as its first Directors and

23 Gregory was elected President. Id. ¶ 29. After his parents’ death, Gregory, through U.L.G.,

24 retained the rental income from the Properties from 1994 until his death in 2014. Id. ¶ 31.

Page2ofl4 1 After Gregory’s death, Mary allegedly desired to “make things right” with Peter, Rita,

2 and Bernadette by including them in the affairs of U.LG. Id. ¶ 32. In October 2018, Peter,

3 Rita, Bernadette, Mary, Collin, Pamela, and Anthony executed a series of documents,

4 including assignments of shares of capital stock, which resulted in U.L.G.’s 1,500 shares being

5 owned 25% each by Peter, Rita, Bernadette, and Mary. Id. ¶ 33. Peter, Rita, Bernadette, and

6 Mary were each appointed as Director, with Peter being elected as President and Treasurer, and

7 Mary elected as Secretary. Id. The stock transfers were effectuated through the following

$ documents, which were effective on October 15, 2018:

9 a) an Assignment by Anthony of his one share of U.LG. stock to Mary and Collin; b) an Assignment by Pamela of her one share of U.LG. stock to Mary and Collin; 10 c) an Assignment by Collin of his 750 shares of U.LG. stock to Mary; d) an Assignment by Mary of 75% of her 1,500 shares of U.L.G. stock, 25% each to Peter, 11 Rita, and Bernadette, or 375 shares each; e) Resolutions of the Stockholders of U.L.G., by Consent to Action Without Meeting, 12 consenting to the foregoing Assignments of U.L.G.’s shares; electing Peter, Rita, Bernadette, and Mary as U.LG. directors; and approving U.L.G.’s First Amended 13 Articles of Incorporation and First Amended Bylaws; and t’) Resolutions of the U.L.G. Directors, by Consent to Action Without Meeting, 14 consenting to the Assignments of U.L.G.’s shares; electing Peter as U.L.G.’s President and Treasurer and Mary as its Secretary; and approving U.LG.’s First Amended 15 Articles of Incorporation and first Amended Bylaws.

16 Id. ¶ 34. U.L.G. filed its 2018 Annual Report with the Department of Revenue and Taxation

17 (“DRT”) on October 31, 2018, indicating that Peter, Mary, Rita, and Bernadette each own 375

18 ULG. shares. Id. ¶ 39. The First Amended Articles of Incorporation and first Amended

19 Bylaws were also filed with DRT on October 18, 201$. Id. ¶ 35. The First Amended Articles of

20 Incorporation state that the Guam Business Corporation Act applies to U.L.G. Id. 91 7.

21 On November 29, 2019, Mary signed and filed the 2019 Annual Report, which stated

22 that U.L.G.’s shares are owned 749 each by Mary and Collin, and one each by Pamela and

23 Anthony. Id. ¶ 39. The 2019 Annual Report also stated that Mary was U.L.G.’ s President and

24 Treasurer, and Collin its Secretary. Id. Peter, Rita, and Bernadette did not consent to their

Page3ofl4 1 shares of U.LG. stock being transferred to Mary, Collin, Pamela, and Anthony, nor did they

2 elect Mary as U.L.G.’s President and Treasurer or Collin as its Secretary. Id. ¶ 40.

3 On December 13, 2019, Mary executed a Warranty Deed purporting to transfer title to

4 U.LG.’s interest in the Properties to Defendant Columbus Development Corporation. Id. ¶ 41.

5 Peter, Rita, and Bernadette did not approve or consent to the transfer. Id. ¶ 43. Columbus paid

6 approximately $2 million for U.L.G.’s one-third interest, and Mary kept the proceeds for

7 herself. Id. ¶J1 47-48. The Complaint alleges that Phillip and Alex executed the Warranty Deed

8 as the “Duly Authorized Representatives” of Columbus, although they knew that Mary did not

9 have authority to execute the warranty deed. Id. ¶1[ 42, 45. Plaintiffs also claim Columbus

10 failed to conduct a proper inquiry into the ownership of U.LG. Id. ¶ 44. PATICO, acting

11 through its representative Lourdes and Doe Insurance Company, is alleged to have also known

12 that Mary did not have authority to transfer the Properties, but to have assisted and conspired

13 with her to transfer the Properties in breach of her fiduciary duties. Id. ¶9[ 46, 67.

14 On October 19, 2020, Plaintiffs filed a Complaint with the Superior Court of Guam

15 alleging five counts: (1) Rescission of the Transfer of the Properties and Restitution to U.L.G.

16 (U.L.G. against Mary and Columbus); (2) Breach of Fiduciary Duty (U.L.G. against Mary); (3)

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