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

Steelhead Townhomes, LLC and its principals sued Clearwater 2008 Note Program, LLC and other affiliated persons and entities in the Circuit Court of Cass County. Steelhead’s petition alleged that Clearwater and its affiliates had engaged in misconduct which resulted in the unjustified foreclosure of real property' owned by Steelhead. Following a bench trial with an advisory jury, the circuit court entered judgment in Steelhead’s favor on its claims for breach of fiduciary duty and - unjust enrichment, and awarded it $650,000 in compensatory damages.

Clearwater appeals. We affirm.

Factual…