Iowa Farm Bureau Federation v. Daden Group, Inc.
Iowa Farm Bureau Federation, An Iowa Non-Profit Corporation, Plaintiff/Counterclaim Defendant-Appellee
Daden Group, Inc., an Iowa Corporation; Dana Rupe, individually; and William Gansen, Individually, Defendants/Counterclaim Plaintiffs-Appellants
Daden Group, Inc., Dana Rupe, and William Gansen, Third-Party Plaintiffs-Appellants
Adam Koppes, Third-Party Defendant-Appellee
Attorney for Appellants
Eric W. Johnson and Kate B. Mitchell
Attorney for Appellee
Roger W. Stone, Jeffrey A. Stone, and Gail Brashers-Krug
Court of Appeals
Court of Appeals Opinion
Appeal from the Iowa District Court for Linn County, Christopher L. Bruns, Judge. AFFIRMED. Heard by Vaitheswaran, P.J., Mullins, J., and Potterfield, S.J. Opinion by Vaitheswaran, P.J. (13 pages)
We must decide whether a subrogation agreement was enforceable, whether a company and its principals waived certain defenses, and whether a director of the company breached a fiduciary duty. OPINION HOLDS: Because the subrogation agreement was valid under the basic tenets of subrogation law, the waivers were enforceable, and Adam Koppes made decisions in the appellants’ best interests, we affirm.