Steelhead Townhomes, L.L.C. v. Clearwater 2008 Note Program, LLC

Clearwater 2008 Note Program, LLC, appeals from the circuit court’s judgment awarding Steelhead Townhomes, LLC, $650,000 on its claims for breach of fiduciary duty and unjust enrichment. Clearwater contends that the circuit court erred (1) in entering judgment for Steelhead on its claim for breach of fiduciary duties because, as a lender, Clearwater owed no fiduciary duties to Steelhead as a borrower; (2) in entering judgment for Steelhead on its claim for unjust enrichment because an express contract between the two parties precluded recovery on a claim of unjust enrichment; and (3) in…