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Case No. 18-1145

Iowa Farm Bureau Federation v. Daden Group, Inc.

Iowa Farm Bureau Federation, An Iowa Non-Profit Corporation, Plaintiff/Counterclaim Defendant-Appellee

vs.

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

vs.

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

Opinion Number:
18-1145
Date Published:
Mar 04, 2020
Summary

            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.

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