Haire v. Overseas Holdings Ltd. Partnership

LaROSE, Judge.

Ernest B. Haire, III, appeals the trial court’s sua sponte order vacating a $2.3 million jury verdict and final judgment entered in his favor and dismissing, with prejudice, his lawsuit against Overseas Holdings Limited Partnership (OHLP). The trial court concluded that it lacked subject matter jurisdiction because of a related federal receivership proceeding in Washington, D.C. We reverse the trial court’s order. The trial court had jurisdiction to enter a final judgment for damages against OHLP.

In June 2000, a local bank demanded that Mr. Haire pay a $1 million loan he had…