Justia Daily Opinion Summaries

White Collar Crime
May 10, 2024

Table of Contents

SBFO Operator No. 3, LLC v. Onex Corporation

Business Law, Contracts, Criminal Law, White Collar Crime

US Court of Appeals for the Eighth Circuit

Free Featured Webinar

White Collar Crime Opinions

SBFO Operator No. 3, LLC v. Onex Corporation

Court: US Court of Appeals for the Eighth Circuit

Docket: 23-1786

Opinion Date: May 8, 2024

Judge: Kobes

Areas of Law: Business Law, Contracts, Criminal Law, White Collar Crime

The case involves a group of grocery store owner-operators and their related company, Anchor Mobile Food Markets, Inc. (AMFM), who sued Onex Partners IV, Onex Corporation, Anthony Munk, and Matthew Ross (collectively, Onex) for violations of Missouri common law and the Racketeer Influenced and Corrupt Organizations Act (RICO). The owner-operators had invested in the discount grocery chain Save-A-Lot and its independent licensee program, which turned out to be a disastrous investment. They alleged that Onex, which had acquired Save-A-Lot, had fraudulently induced them into the investment.

The United States District Court for the Eastern District of Missouri had granted summary judgment to Onex. The court found that the owner-operators had signed multiple contractual releases and anti-reliance disclaimers before opening their stores, which barred their claims. The owner-operators and AMFM argued that these releases and disclaimers were fraudulently induced.

The United States Court of Appeals for the Eighth Circuit affirmed the district court's decision. The court found that the owner-operators failed to raise a genuine dispute of material fact that they were fraudulently induced to enter the releases. The court also found that the releases were valid and barred the owner-operators' claims. The court further found that AMFM's claims against Onex failed, as neither Save-A-Lot nor Onex had contracted with AMFM. Finally, the court affirmed the district court's denial of the owner-operators and AMFM's request for leave to amend their complaint.

Read Opinion

Are you a lawyer? Annotate this case.

About Justia Daily Opinion Summaries

Justia Daily Opinion Summaries is a free newsletter service with over 65 newsletters covering every federal appellate court and the highest court in each U.S. state.

Justia also provides weekly practice area newsletters in 60+ different practice areas. All daily and weekly Justia Newsletters are free. You may request newsletters or modify your preferences by visiting daily.justia.com.

Please note that some case metadata and case summaries were written with the help of AI, which can produce inaccuracies. You should read the full case before relying on any summary for legal research purposes.

You may freely redistribute this email in whole.

About Justia

Justia’s mission is to make law and legal resources free for all.

More Free Upcoming Webinars

Please visit individual webinar pages for more information about CLE accreditation.

New on Justia Onward

Want instant updates? Get Notified

Justia CLE & Webinars: How AI Impacts Small & Solo Firms

Justia Team

onward post

Artificial Intelligence (AI): the two words that just a few years ago seemed like a distant future, but are now slowly becoming a part of everyday life. However, even as people and businesses increasingly use AI for everyday use, there are still a lot of questions to be had. Stay ahead of the curve and get your questions answered in our upcoming webinar about AI and its effect on your firm!

Read More

Justia

Contact Us| Privacy Policy

Facebook Twitter LinkedIn LinkedIn Justia

Unsubscribe from this newsletter

Justia | 1380 Pear Ave #2B, Mountain View, CA 94043


Unsubscribe from all Justia Newsletters