Weckel v. Cole + Russell Architects, Inc.

2024 Ohio 5111, 255 N.E.3d 221
CourtOhio Court of Appeals
DecidedOctober 25, 2024
DocketC-210425, C-230535, C-230543
StatusPublished
Cited by4 cases

This text of 2024 Ohio 5111 (Weckel v. Cole + Russell Architects, Inc.) is published on Counsel Stack Legal Research, covering Ohio Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Weckel v. Cole + Russell Architects, Inc., 2024 Ohio 5111, 255 N.E.3d 221 (Ohio Ct. App. 2024).

Opinion

[Cite as Weckel v. Cole + Russell Architects, Inc., 2024-Ohio-5111.]

IN THE COURT OF APPEALS FIRST APPELLATE DISTRICT OF OHIO HAMILTON COUNTY, OHIO

FREDERIC C. WECKEL, : APPEAL NOS. C-210425 C-230535 Plaintiff-Appellee/Cross- : C-230543 Appellant, TRIAL NO. A-1805234 : vs. : COLE + RUSSELL ARCHITECTS, INC., O P I N I O N. : Defendant-Appellant/Cross- Appellee. :

Civil Appeals From: Hamilton County Court of Common Pleas

Judgment Appealed From Is: Affirmed in Part, Reversed in Part, and Cause Remanded; Appeal Dismissed in Part in C-230535 and C-230543

Date of Judgment Entry on Appeal: October 25, 2024

Tobias, Torchia & Simon and David Torchia, for Plaintiff-Appellee/Cross-Appellant,

Keating Meuthing & Klekamp PPL and Kasey L. Bond, for Defendant- Appellant/Cross-Appellee. OHIO FIRST DISTRICT COURT OF APPEALS

BOCK, Presiding Judge.

{¶1} Defendant-appellant/cross-appellee Cole + Russell Architects, Inc.

(“C+R”) fired its employee, plaintiff-appellee/cross-appellant Frederic C. Weckel,

more than 20 years ago. After nearly 14 years of litigation, the failure of his claims for

wrongful termination, and unsuccessful attempts to enforce various settlement

agreements, Weckel sued C+R again in 2018, asserting a claim for breach of a

shareholder agreement. This time, Weckel prevailed. The trial court awarded him

more than a million dollars in damages.

{¶2} C+R appeals the trial court’s judgment, assigning as error the court’s

granting of Weckel’s summary-judgment motion, denying C+R’s summary-judgment

and Civ.R. 60(B) motions, and incorrectly calculating prejudgment interest. Weckel

also appeals, asserting that the trial court failed to award him contractual interest, to

properly calculate statutory prejudgment interest, and to award attorney fees.

{¶3} We overrule C+R’s first and second assignments of error and hold that

the trial court properly granted summary judgment to Weckel. The record did not

establish that Weckel’s claims were barred by res judicata or that Weckel repudiated

the Shareholder Agreement when he rejected C+R’s attempted tender of payments.

{¶4} We decline to review the merits of C+R’s third assignment of error. The

trial court lacked jurisdiction to rule on C+R’s Civ.R. 60(B) motion because doing so

was outside the scope of our 2021 limited remand.

{¶5} Next, we hold that the trial court properly determined that prejudgment

interest began to accrue in 2018. But the trial court set an improper interest rate

because the Shareholder Agreement provided that the interest rate would be set on the

date that C+R first became obligated to make payments to Weckel. We therefore

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sustain in part and reverse in part C+R’s fourth assignment of error, and sustain

Weckel’s second and third assignments of error. We remand the cause for the trial

court to determine, consistent with this opinion, the correct interest rate.

{¶6} As with C+R’s third assignment of error, we decline to review Weckel’s

first assignment of error. The trial court lacked jurisdiction to consider Weckel’s Civ.R.

60(B) motion, which asked the trial court to award Weckel contractual interest.

Weckel filed his motion while C+R’s notice of appeal was pending and it was outside

the scope of our limited remand.

{¶7} Finally, we overrule Weckel’s fourth assignment of error. The trial court

did not abuse its discretion in denying Weckel’s motion for attorney fees.

I. Facts and Procedure

A. Facts

{¶8} This is the fourth appeal between these parties. See Weckel v. Cole +

Russell Architects, 2013-Ohio-2718, (1st Dist.) (“Weckel I”); Weckel v. Cole + Russell

Architects, 2017-Ohio-7491 (1st Dist.) (“Weckel II”); Weckel v. Cole + Russell

Architects, 2019-Ohio-3069 (1st Dist.) (“Weckel III”).

1. The Shareholder Agreement and the ESOP

{¶9} C+R, an architectural firm based in Cincinnati, hired Weckel in 1994.

Weckel served in many roles at C+R and sat on C+R’s board of directors. In 1995,

Weckel paid $153,000 for 115 shares of C+R’s stock under a Shareholder Agreement.

When Weckel’s employment ended, he had accumulated 1,104 shares of C+R stock.

{¶10} The Shareholder Agreement provided that after Weckel’s employment

ended, Weckel would sell his shares back to C+R. The value of the shares would be

3 OHIO FIRST DISTRICT COURT OF APPEALS

determined based on a “valuation date,” which varied depending on why C+R ended

Weckel’s employment.

{¶11} In 2001, C+R formed an Employee Stock Ownership Plan (“ESOP”).

Upon his retirement, Tom Cole, a founder of C+R, sold his shares to the ESOP instead

of redeeming them under the Shareholder Agreement. Weckel stated in his affidavit

that it was anticipated that he and John Russell, the other founder of C+R, would also

be able to sell their shares to the ESOP rather than redeem them through the

Shareholder Agreement.

2. Weckel’s termination, the 2004 Agreement, and Weckel’s alleged repudiation of the Shareholder Agreement

{¶12} In 2004, C+R ended Weckel’s employment. David Arends, C+R’s CEO,

asserted, “although [C+R] believed it had a legitimate business justification for

terminating [Weckel’s] employment, [C+R] chose to not exercise its right to terminate

[Weckel] for cause . . . Instead, the Company allowed [Weckel] the opportunity to

resign and gave him numerous benefits to which he was not otherwise entitled.”

{¶13} In May 2004, the parties mediated and reached a settlement (“the 2004

Agreement”) under which Weckel would resign and sell his shares to the ESOP rather

than selling the shares under the Shareholder Agreement. The settlement terms were

memorialized in an “Outline of Settlement Terms.” The Outline of Settlement Terms

stated that Weckel would resign and the ESOP would purchase Weckel’s shares “in the

same manner” as Cole’s shares. When Weckel received the finalized 2004 Agreement

from C+R in June 2004, he claimed C+R had added terms not previously discussed,

including a requirement that he personally guarantee the loan to the ESOP used to

purchase his shares. Weckel objected and C+R suggested that he negotiate with the

4 OHIO FIRST DISTRICT COURT OF APPEALS

bank. In mid-August 2004, C+R imposed a September deadline for Weckel to

conclude his negotiations with the bank and sign the 2004 Agreement.

{¶14} Weckel did not sign the 2004 Agreement and on September 4, 2004,

C+R sent Weckel a letter stating that it considered Weckel in breach of the 2004

Agreement. As such, C+R stated that it would purchase Weckel’s shares under the

Shareholder Agreement and enclosed the first of ten annual payments for a total value

of $677,480.64. Weckel rejected the payment and his attorney returned the check with

a letter stating, “The payment is inconsistent with the settlement.”

{¶15} In April 2005, C+R communicated with Weckel about sending an

additional check and Weckel’s attorney responded, “There is no need to tender the

check, since it will be returned for the reasons stated in my letter.” C+R did not attempt

to tender any other checks to Weckel under the Shareholder Agreement after this. At

this point, C+R considered Weckel’s shares “retired.”

3. The 2004 lawsuit

{¶16} In late September 2004, Weckel sued C+R to enforce the 2004

Agreement.

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Bluebook (online)
2024 Ohio 5111, 255 N.E.3d 221, Counsel Stack Legal Research, https://law.counselstack.com/opinion/weckel-v-cole-russell-architects-inc-ohioctapp-2024.