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Case No. 21-0973

For summaries from opinions prior to August, 2018, view PDF versions here

Flanagan Corporation
v.
Lake Cabin Partners, LLC

Appellants

Flanagan Corporation

Appellee

Lake Cabin Partners, LLC

Attorneys for Appellants

Matthew M. Sahag
Angela L. Campbell
Megan C. Flynn

Attorneys for Appellee

Fred L. Dorr

Court of Appeals

Court of Appeals Opinion

Opinion Number:
21-0973
Date Published:
Jul 20, 2022
Summary

            Appeal from the Iowa District Court for Polk County, Jeanie K. Vaudt, Judge.  AFFIRMED.  Heard by Bower, C.J., and Schumacher and Ahlers, JJ.  Opinion by Schumacher, J.  (13 pages)

            Flanagan Corporation contends the district court wrongly dismissed the corporation from the lawsuit.  Tim Flanagan argues the district court improperly denied his motion for default judgment against Peter Cannon, one of the members of Lake Cabin Partners, LLC (LCP).  Flanagan Corporation and Flanagan appeal the district court’s ruling that LCP and its members did not fraudulently transfer funds from LCP and Cannon did not fraudulently convey his interest.  Lastly, Flanagan alleges the district court wrongly denied his requests for punitive damages and attorney fees.  OPINION HOLDS: We find the court properly dismissed Flanagan Corporation from the proceedings.  We determine the district court did not abuse its discretion in denying Flanagan’s motion for default against Cannon.  On our de novo review, we find Cannon and the Boltons did not fraudulently convey funds from LCP, nor did Cannon fraudulently convey his interest in LCP to the Boltons.  The district court properly denied the request for punitive damages and attorney fees.  Accordingly, we affirm. 

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