Mutual of Omaha Bank must repay Sarpy real estate firms, high court rules

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Posted: Saturday, February 2, 2013 12:00 am

LINCOLN — After 13 years of court action, Omaha businessmen Robert C. Schropp and Leo E. Dahlke may finally recover some of the money they lost when their partnership with real estate developer James V. McCart imploded in 2000.

The Nebraska Supreme Court on Friday upheld a multimillion-dollar judgment in favor of Brook Valley Limited Partnership and Brook Valley II Ltd., two partnerships that had worked with McCart's company, Prime Realty Inc., to develop real estate in the Omaha area.

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