Meadaa, et al. v. K.A.P. Enterprises, L.L.C., et al.
Defendants appealed the grant of partial summary judgment in favor of seven investors. The court concluded that it had jurisdiction to review all of the orders listed in defendants' notice of appeal; the district court did not abuse its discretion in striking a certified public accountant's affidavit where he lacked personal knowledge of the conclusions he was asserting; and the district court did not err in granting plaintiffs' motion for partial summary judgment where there had been a failure of consideration as a matter of law. In regards to the district court's holding that all defendants were liable for the return of $3.5 million, the district court did not err in finding SaiNath liable based on a failure of consideration; the district court did not err in holding K.A.P liable under a theory of unjust enrichment; but, because the district court did not have the benefit of Ogea v. Merritt when it analyzed "piercing of the veil," the court remanded for the district court to consider the application of the Louisiana court's analysis as to the facts of this case. Accordingly, the court affirmed partial summary judgment as to SaiNath and K.A.P. The court vacated and remanded as to the Karsans in their individual capacities. View "Meadaa, et al. v. K.A.P. Enterprises, L.L.C., et al." on Justia Law