SJB sues Carlson

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Case 2:09-cv-01149-RLH-GWF Document 1 Filed 06/25/09 Page 13 of 72

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O R I G I N A LSUMT hom as O . R yanN evada B ar N o. 9.378L is a Wo ng L ac kla ndN evada B ar N o. 9 934Lew is an d Roca LLP39 93 H ow ard H ug he s P ark wa ySuite 600 .Las Vegas, Nevada 89 169(702) 949-8200A tto rn eys fo r P la in tiff S JB In ve stm en ts, L LC

D IST RIC T C OURTC LA RK C OU NT Y, NEVADA

CaseN0-!J,,07-591 205 ,.-Dept.No. ~

SJB IN VE STMENT S, L LC , a Nev ada limited )liability company , ))Plaintiff, ))

VS. ~GERMAINE TOJvILINSON INSURANCE )TRUST t DATED JANUARY.: 2 6, 2 006, It )De lawar e T ru st ; m CARLSON (aka Jason C . )Bo l t) , i ndi vi dually and as T rustee of the )G erm aine T om linso n Insurance T rust; T HE JB }CARLSON CORPORATION , an Indiana )corporation 'f l e a The Carl son Co rpo r at ion; and )the C AR LSO N M ED IA G RO UP, INC ., a )Delaw are corporation, ))Defendants. )

SUMMONS

TO; CARLSON MEDIA GROUP, INC.NOTICE! yOU HAVE BEEN SUED. THE COURT MAY DECIDE AGAINST YOUWITHOUT YOUR BEING HEARD UNLESS YOU RESPOND WITHIN 20 DAYS. READTHE INFORMATION BELOW.

TO THE DEFENDANT: A C OM PL AIN T has been filed by the plaintiff against you for the reliefset forth in th e COMPLAINT.1. If you intend to defend this lawsuit , within 20 days after this Summons is servedupon you,exclu sive o f the day o f service, you m ustd o th e fo llo win g:

a. File w ith the Clerk of this Court. whose address is show n below , a form elwrittenresponse to the C om plaint in accordance w ith the rules of the Court,w ith th e a pp ro pria te filin g fe e.

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b . Serve a copy of your response upon the atto rney w hose nam e and address iss how n b elow .2 . Unless you respond, your defau lt w ill be en tered upon application of the P laintiffand this C ourt m ay enter a judgm ent against you for the relief dem anded in the C om plain t, w hichcou ld resu lt in th e takin g of m on ey o r prop erty or o th e r r el ie f r eq u es te d in t he Comp la in t.3. If y ou in te nd to seek the advice of an atto rney in th is m atter. you should do sop ro mp tly so that your response m ay be filed o n tim e .4. The State of Nevada its p olitic al s ub div is io ns , a ge nc ie s, o ff ic ers , em plo ye es , b oa rdm em bers, com mission m em bers and legislators, each have 45 days after service of th is Sum monsw ith in which to file an Answer or o ther responsive plead ing to the Co . t.

Subm it te d b y :LEW IS AND ROCA LLP

BY~R~NevadaBar No. 9378L - is aWong La ck la n d'N e va da B a r No. 99343993H ow ard H ug he s P ark wa y, Suite 60 0L as V egas, N ev ada 89169A t to rn e ys f or P la in ti ff

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COMPThom as G . Ryan.Nevada B ar No. 9378L isa W on g L ack landN evada B ar N o. 9934L ew is and R oca lLP3993 H ow ard H ughes P arkw aySuite600 .Las V egas, N evada 89169( 702) 9 4 9- 82 00

H A l 2 ? 4 l& ~ r M litU~

e lE B K O F TH e C O U R T1A tto rneys for P lilin tiff S .JB Investments . LLC

DISTRICI' COURTCLARK COUNTY , NEVADA89

10 Case No. } + - O C r / 591 20 5 --C ..Dep~NO. I X .SJB INVESTMENTS, LLC , aNevada lim ited )liab ility company , ))Plai n tiff, ~~GER.MAnm TOMLINSON INSURANCE )TRUST, DATED 1ANUARY 26,2006, a )De lawar e T ru st; 1B CARLSON (aka Jason C . )15 Bolt), individually and as Trustee of the )G erm ain e T om lin son In su ran ce T ru st; TIlE 18 )16 CARLSON CORPORATION ,. an Ind iana )corporation :f k aThe Ca rl son Corporation; and )17 . the CARLSON MEDIA GROUP , INC a )

D elaw are corporation , )18 )Defendants . )

vs .COMPLAINT14

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PlalntiffSm Investm ents, LL C ("SJB ',) alleges:Nature of Adion

1. This is a n a ctio n seeking monetary d am ag es a ga in st d efe nd an ts based OD theirfailure to m ak e payment as called for under a prom issory note.

ThePartles2 . sra is and w as at al l'relevant times a.Nevada limited lia bili ty c om p an y with it s

2 6 ' p rincip al p lace of b usiness in C larlc C oun ty , N evad a..2728

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3. O n i nform ation and belief defendan t Germaine Tom li ns on I ns ur an ce T r os t, DatedJ an ua ry 2 6~2 00 6 (th e " Tru st" ), is a nd w a s a t a ll n ::le va nt tim e s 8. tr us t e sta blis he d u nd er th e la w s o fDelaware ,

4. On in fo rma ti on a n d belief defendant JB Carlson (aka Jason C. Bolf) is and was ata ll re le va nt tim e s a n a du lt in div id ua l re sid in g in Ma rio n C o un ty , I nd ia na , a nd a t rus t ee .o f theTrost .

5 . O n i nform ation and .b elie f, d efe nd an tT h e JB C ar ls on C o zp ora tio n (flea The Ca rls o nC orp ora tio n) is a nd w as at a ll relev an t tim es a n In dian a c orp oratio n w ith its p rin cip al p la ce o fb u si ne ss i n I nd ia na .

6. On informat ion and b eli~ d efend an t C arlson M ed ia G rou p, In c., is an d w as at a llr ele va nt tim e s a D e law ar e c or pc ra tio n w ith its p tjn cip al p la ce o f b us in es s in In dia na,

Jurisdiction and V enue7. This Cou rt h as ju ris di cti on o v er this a ctio n u nd er A rtic le 6 , 6 of the Nevada

C o ns titu tio n. V e nu e is proper in th is d istrict p urs ua nt to th e te rm s o f th e p artie s' p rom is so ry n otean d NRS 13.040.

General Allegations8. In eatly O ctober 2008, the T rust w as in d ire need of a short-term bridge loan to pay

Q ff a m atu re d eb t a nd tb ere by p re se rv e its s ta tu s a s th e sole b en ef ic ia ry o f a lif e in su ra nc e policy(Amer ic an G e n er al L if e I ns u ra n ce Po lic y #UMOO36 20 6L ) (th e " Po lic y" ). T h e d ea th b en ef itunder the P olicy is $15 m illion . T he T rust had borrow ed m oney to pay the prem ium due on theP olic y a nd th e T ru st's in ab ility to p ay o fftb e d eb t j eo pa rd ize d its e ntitle me nt to th e d ea th b en efit

9 . On o r a bo ut O cto be r 3, 2 008 , 8m ag ree d. to h elp th e T ru st o bta in fin an cin g fo r as ho rt-te rm b rid ge lo an to m ee t th e T ro st's o blig atio ns . In co ns id era tio n o f S JB 's c omm itm en t, a ndto e v id e nc e d ef en d an ts ' o b lig a ti on s i ne onn ec tio n t he rew it h, d efe nd an ts e xe cu te d a Ma ,s te rP ro misso ry N ote (th e "N ote"), a co py o f w hich is a ttach ed as E xh ib it 1.

10. D efen dan ts, co llectiv ely referred to as "D ebto rs," ex ecu ted th e N ote, w hereb y eacha gr ee d, jo in tly a nd s ev er ally , to p ay 8m th e sum o fSl.85 m illio n acco rd in g to the term s o f th eN ote . T he N ote p ro vid es that it.sh all b e g ov ern ed b y N ev ad a law , an d th e D ebto rs co nsen t to

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j u ri sd ic t ion and VeJl1.1en th e s ta te o r fe de ra l c ou rts in L as V e ga s, N ev ad a. In a dd itio n, D eb to rsa gre e u nd er th e N o te to p ay a ny c ou rts c os ts a nd a tto rn ey s' fe es in cu rre d bysm in a ny le ga la ctio n a risin g o ut o f a ny d efa ult b yD e bto rs o n their ob l iga t ions thereunder ,

11. C ontem po ra ne ou s w ith e xec utio n o f th e N ot-e, th e T ru st assign ed sm an i nt er e st i nits c la im s , o ptio ns , p riv ile ge s, rig hts , title a nd in te re st in , to a nd u nd er th e P olic y a s security f o r i tso blig atio ns u nd er th e N o te . A c op y o f th e A ssig nm e nt o f L ife In su ra nc e P olic y a s C olla te ra l a ndSecur it y i s a tt ach ed as E xhibit 2 . T o f ur th er s ec ur e th e o blig atio ns u nd er th e N o te , uee f inancings ta tem en ts w e re f ile d w ith th e S ec re ta rie s o f S ta te o f D e law are a nd In dia na , id en tifY in g sm a s th es ec ure d p arty a nd d efe nd an ts a s th e d eb to r. C op ie s o f th es e fin an cin g sta te m en ts a re a tta ch ed a sExlnoi t3.

12. The N o te , b y its te rm s , m a tu re s a nd becomes imm e dia te ly d ue a nd payable uponthe e arlie r o f tw o e ve nts: (a ) th e d is tn ou tio n o f d ea th b ec efits u nd er th e P olic y, o r (b ) 1 80 d ay sfo llo w in g th e d ate (O c to be r 10 , 2 0 08 ) o f th e N ote - i.e., A pril 10, 2 009 . T he N ote p ro vid es th at8m m ay a dd 5% p er m on th o n an y ou tsta nd in g ba la nc e un til th e balance is paid in f u n .

13. sm p ro ce ed ed to c on ta ct O p po rtu nity B rid ge F in sn cin g a nd a ssiste d in a rra ng in g a ;b rid ge lo an fo r the T ru st an d, o n o r a bou t O cto ber 11, 2 008 F th e T ro st e xe cu te d a p ro m iss ory n otefo r a b rid ge lo an in f av or o f O p po rtu nity B rid ge F in an cin g.14 . A3 o f A p ril 1 1 , 2 0 09 , n o d ea th b en efits b ad b ee n d is trib ute d u nd er th e P olic y, a nd ,a cc ording ly . th e N o te ba s m atured an d th e S l.85 m illio n is n ow d ue a nd o wing .

15. D eb to rs have not m ade paym en t to SJB as requited under the term s of the N ote anda re in b re ac h o f th eir o blig atio ns u nd er th e N ote .

16. 8m bas complied. w ith a ny a nd a ll c on ditio ns .p re ce de nt a nd c on eu rre at to th ema in te n an c e o f thi, act ion.

CLAIM FOR RELIEF(Breach of Contract/Note)

17. sm r ea lle ge s p ara gra ph s 1 th ro ug h 1 6 a bo ve .18. B y v irtue o f the fo rego ing conduct, defendan ts , and each of them , have breached

th e ir o b li ga ti on s u n de r t he No te .-3 - aull.l


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19. A s a consequence of the foregoing , sm has sustained a nd w ill c on tin ue to s us ta indamages in a n am ou nt in e xc es s o f$ 10 ,OOO .

20. A s a result o f defendants ' b re ac h o f th e.Note , sm has. been forced to r eta in th eservices of counsel to pm su c th is c la im a nd is e ntitle d to an aw ard of at torneys ' fees a n d c o st s

5 mcur red h e re in u n de r t he t e rms o f th e N ote an d o th erw ise .WHEREFORE , Plaintiff sm I nves tmen t s r e que st s j udgmen t against Defendants . jointly

a nd s ev er ally . a s fol lows:1. For c om pensatory damages in a n am oun t in ex cess o f $10,000, a s ca lle d fo r u nde r

th e Note , togethe.rwit1x i n te r es t t hereon ;2 . Fo r a tt omey s ' fees a n d c o sts i nc u rr ed h e re in ;3. Fo r such fu rther relie f as deem ed approp ria te by t he C o u rt.D A TED th is~-day o f M a y, 2 009 . L EW IS A ND ROCA LLP

BY.~~ ThomasG.RN ev ad a B ar N o. 9 37 8L is a Wo n g L a ck :1 an dN ev ada B arN o. 99 383 99 3 H ow ar d H u gh es ParkwaySu it e 600L as V eg as. N ev ad a 89 169At to rney s fo r P la in t if f sm I nv es tm e n ts , LLC

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SJB sues Carlson