TABFG is a limited liability corporation. It brought a lawsuit against Richard Pfeil, claiming that among other things that Pfeil had tortuously interfered with a contract. After a bench trial, the district judge entered judgment in favor of TABFG in the amount of $957,659.68, comprised of a principal of $674,121.87 plus prejudgment interest of $279,530.36 and costs of $4,007.45. Pfeil appealed that judgment.
In April 2003, a joint venture was formed between the limited liability companies TABFG and NT Prop Trading (NT Prop). The purpose of the joint venture was trading securities for financial gain.
TABFG was made up of three individual members and managers whose responsibilities were all of the securities trading for the joint venture. NT Prop was tasked with funding the joint venture and included two members who were also limited liability corporations. The sole member, manager and owner of one of the limited liability corporations of NT Prop were Pfeil Commodity Fund, in which Richard Pfeil was known as the “money man” for the joint venture.