Niemi v. Lasshofer, No. 13-1256 (10th Cir. 2014)
Annotate this CasePlaintiffs-appellees John Niemi, Robert Naegele, III, and Jesper Parnevik claimed that defendants-appellants Erwin Lasshofer and three companies affiliated with him, along with other co-conspirators, perpetrated a fraudulent financing scheme that caused the collapse of Plaintiffs’ large-scale real estate development project in Breckenridge, Colorado. The district court rejected Defendants’ challenges to standing, jurisdiction, and venue, and entered a default judgment of approximately $185 million in favor of Plaintiffs. Upon review of that judgment, the Tenth Circuit affirmed the district court with two exceptions: (1) the Court reversed as to personal jurisdiction over Innovatis Immobilien GmbH; and (2) vacation of the district court's contempt order.
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