Iron Mound, LLC v. Nueterra Healthcare Mgmt., LLCAnnotate this Case
Iron Mound, LLC and ASC Group, LLC entered into an operating agreement for the creation of ASC Midwest, LLC. Neuterra Healthcare Management, LLC was the successor-in-interest to the ASC Group. After ASC Midwest was dissolved, Iron Mound brought this breach of contract action against Nueterra, alleging that under the operating agreement, Iron Mound was entitled to receive a percentage of the gross fees earned by Nueterra under a management agreement entered into after the operating agreement had expired. The district court granted summary judgment in favor of Nueterra. The court of appeals reversed. The Supreme Court reversed the court of appeals and affirmed the district court, holding that the unambiguous terms of the operating agreement rendered it inapplicable to the fees received by Nueterra under the management agreement.