Punitive damages sought in dispute

Print Article

COOLIN — The stakes could be elevating in a civil suit involving former NBA standout John Stockton.

Counsel for Tricore Investments is moving to seek punitive damages against the famed Utah Jazz point guard and timber executive Todd Brinkmeyer, who are accused of buying a piece of property out from under the Coeur d’Alene development company

Tricore’s attorney contends Stockton and Brinkmeyer turned down offers to purchase the Warren Beach property in 2014 and 2015, before it was listed for sale. Stockton, according to a deposition, did not believe the parcel could be developed due to the presence of wetlands on the property and therefore saw no need to acquire it.

The defendants’ interest in the property was renewed, however, when Brinkmeyer was shown Tricore’s plan for developing the property, Tricore’s Spokane attorney Kevin Roberts said in court documents.

“Stockton and Brinkmeyer apparently needed to know there was something of value to take before he and Stockton intentionally interfered in the sale,” Roberts wrote in court documents.

Tricore was in the process of acquiring the $2.4 million Warren Beach property when the estate which owned it pivoted and sold to Stockton and Brinkmeyer, who transferred the purchase to a limited-liability corporation called PLMB, which is also a defendant in the suit filed by Tricore. Tricore argues Brinkmeyer and Stockton directed the estate to repudiate the pending sale and hid their acquisition of the property by concealing the transaction from the real estate broker for the property, court documents say.

Stockton and Brinkmeyer are further accused of conspiring with the Selkirk Conservation Alliance to gain control of the property by creating a “phantom entity” or persuading other Warren Beach landowners to file an easement across the property in order to cloud the title, which was meant to slow or kill the Tricore transaction, according to court documents.

“As the court can see from the pleadings, the defendants are taking the position that they should be allowed to intentionally destroy Tricore’s business opportunity with impunity and have argued that lost profits are not available as a remedy. That position confirms that conduct like this should be deterred and the court should consider punitive damages after hearing all the evidence at trial,” Roberts said in the motion.

A hearing on the motion is set for Oct. 3 in 1st District Court.

Keith Kinnaird can be reached by email at kkinnaird@bonnercountydailybee.com and follow him on Twitter @KeithDailyBee.

Print Article

Read More Local News

Help light up the Fourth

June 19, 2019 at 5:00 am | Bonner County Daily Bee PRIEST RIVER — The Fourth would not be the same without the community’s annual fireworks show. To help ensure the show takes place, the Priest River Chamber of Commerce is seeking the community’s hel...

Comments

Read More

NRCS announces new CIG grant application period

June 19, 2019 at 5:00 am | Bonner County Daily Bee The United States Department of Agriculture’s Natural Resource Conservation Service in Idaho has announced a second application period for grants to support innovative ideas for conservation strateg...

Comments

Read More

Lakes meeting is being held today

June 19, 2019 at 5:00 am | Bonner County Daily Bee PRIEST RIVER — The Idaho Lakes Commission meeting is being held today at the Priest River Event Center. The meeting starts at 10 a.m. It features presentations on local watercraft inspection station...

Comments

Read More

Pend Oreille nets weed control grant

June 19, 2019 at 5:00 am | Bonner County Daily Bee Pend Oreille County Commissioners Stephen Kiss, Karen Skoog, and Mike Manus recently signed a Department of Ecology grant supporting $49,999.50 worth of weed control efforts in the Pend Oreille River...

Comments

Read More

Contact Us

(208) 263-9534
PO Box 159
Sandpoint, ID 83864

©2019 Bonner County Daily Bee Terms of Use Privacy Policy
X