A lawsuit against Quad-Cities' developer Rodney Blackwell alleges he misappropriated funds from an aviation company in which he was a partner and seeks more than $1 million in damages.
RKA, LLC, and Blackwell Aviation, LLC, both Iowa limited liability companies, filed suit against Mr. Blackwell on Oct. 28, in Scott County District Court.
According to the lawsuit, Blackwell Aviation was formed on Sept. 8, 2008. An operating agreement effective Jan. 1, 2009 says Mr. Blackwell and RKA are each 50 percent members in Blackwell Aviation, an entity wherein Mr. Blackwell and Gregg Ontiveros are the two managers.
The sole business of Blackwell Aviation is ownership and operation of a 2006 Cessna Model 560XL aircraft and ownership and operation of an aircraft hangar facility and association improvements located at the Quad Cities International Airport in Moline, with an address of 6225 74th Ave., Milan.
According to the lawsuit, on Aug. 1, 2014, Mr. Ontiveros took over management and control of the bank accounts of Blackwell Aviation.
The lawsuit alleges Mr. Blackwell breached his contractual obligations, oral agreements and fiduciary duties owing to RKA and Blackwell Aviation.
The lawsuit alleges Mr. Blackwell is indebted to RKA and Blackwell Aviation for $1,061,612 and other further sums, "as may be determined as a consequence of RKA's and Aviation's ongoing investigation into Blackwell's acts and omissions to act."
Among the allegations is Mr. Blackwell misappropriated to his own use approximately $165,000 from Blackwell Aviation, along with unpaid aircraft use of $72,730 for 2013 and 2014, and unpaid monthly operating expenses of $171,600 related to the aircraft and hangar facility.
The lawsuit alleges Mr. Blackwell is also indebted to RKA and Blackwell Aviation $500,771 for aircraft maintenance.
In an unrelated lawsuit, a Muscatine man is suing Mr. Blackwell for an alleged delinquent loan and unpaid property taxes in Rock Island County.
Roy J. Carver Jr., is suing Mr. Blackwell for $323,375, which includes principal and accrued interest.
The lawsuit, filed Nov. 25 in the Iowa District Court for Scott County, alleges Mr. Carver and Mr. Blackwell agreed the loan would bear interest at five percent per annum from and after Jan. 29, 2013.
"There have been no payments on the loan," the lawsuit said. "Plaintiff (Carver Jr.) has demanded repayment of the loan and payment has been refused."
Mr. Blackwell had no comment on the lawsuits, saying, "we will need to reserve comments during (the) litigation process."
- Source: http://www.qconline.com
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