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HOMELAND ENERGY SOLUTIONS v. RETTERATH

No. 18-0950.

938 N.W.2d 664 (2020)

HOMELAND ENERGY SOLUTIONS, LLC, Appellee, v. Steve J. RETTERATH, Appellant, v. Jason Retterath and Annie Retterath, Intervenors-Appellants, and Patrick Boyle, Maurice Hyde, Christine Marchand, Leslie Hansen, Chad Kuhlers, Walter Wendland, Matthew Driscoll, Edward Hatten, Robert Sieracki, Keith Eastman, Stephen Eastman, Barney Retterath, Randy Bruess, Steven Core, Nick Bowdish, and RSM US LLP (f/k/a McGladrey LLP), Third-Party Defendants.

Supreme Court of Iowa.

Rehearing Denied February 26, 2020.

Attorney(s) appearing for the Case

Jason W. Miller of Patterson Law Firm L.L.P., Des Moines, for appellants Jason Retterath and Annie Retterath.

William J. Miller and Kirk W. Schuler of Dorsey & Whitney LLP, Des Moines, David Hirsch of Harding Law Office, Des Moines, Brian J. Brislen and Adam R. Feeney of Lamson, Dugan & Murray, LLP, Omaha, Nebraska, and Allen H. Libow , Boca Raton, Florida, for appellant Steve J. Retterath.

Michael A. Dee and Brant D. Kahler of Brown, Winick, Graves, Gross, Baskerville & Schoenebaum, P.L.C., Des Moines, for appellee.

This is a breach of contract case involving the repurchase of all of a limited liability company's (LLC) member's membership interests (units). In June 2013, the member and the LLC executed an agreement where the LLC would buy back all of the member's units. Four days after the execution, the LLC's board approved the agreement...

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