January 13, 2014. Last week, the Iowa Supreme Court addressed an issue of first impression: whether an assignor’s contacts with the State of Iowa are imputed to the assignee of a contract for purposes of obtaining personal jurisdiction over the assignee. In the case, Ostrem v. PrideCo Secure Loan Fund, LP, the Supreme Court ruled that an assignor’s contacts are not automatically imputed to the assignee. However, the Court did ultimately find the assignee, PrideCo, subject to personal jurisdiction (i.e., subject to being sued in Iowa) because its own contacts with the State of Iowa were sufficient. A copy of the decision can be found here. To contact Goosmann Law, email info@goosmannlaw.com or call 712.226.4000.