Adam Rosen v. Harvey Rosen

CourtCourt of Appeals of Washington
DecidedNovember 19, 2019
Docket52945-9
StatusUnpublished

This text of Adam Rosen v. Harvey Rosen (Adam Rosen v. Harvey Rosen) is published on Counsel Stack Legal Research, covering Court of Appeals of Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Adam Rosen v. Harvey Rosen, (Wash. Ct. App. 2019).

Opinion

Filed Washington State Court of Appeals Division Two

November 19, 2019 IN THE COURT OF APPEALS OF THE STATE OF WASHINGTON

DIVISION II ADAM ROSEN, an individual; DAVID No. 52945-9-II ROSEN, an individual; and MATTHEW ROSEN, an individual; individually and derivatively on behalf of ROSEN SUPPLY COMPANY, INC., a Washington Corporation,

Appellants,

v.

HARVEY ROSEN, an individual; and DIANNE ARENSBERG, an individual,

Respondents,

ROSEN SUPPLY COMPANY, INC., a Washington corporation, UNPUBLISHED OPINION Defendants.

WORSWICK, J. — Adam, David, and Matthew Rosen (the nephews) appeal the trial

court’s order denying their motion for summary judgment and granting summary judgment and

awarding attorney fees and costs to their aunt and uncle, Harvey Rosen and Dianne Arensberg.

The nephews argue that the trial court erred by concluding that Rosen Supply Company Inc.’s

(RSC) articles of incorporation did not sufficiently rebut the statutory presumption that

shareholders vote on a per share basis. The nephews further argue that the trial court erred by

concluding that Harvey and Dianne were entitled to mandatory indemnification and by awarding

attorney fees and costs. No. 52945-9-II

We hold that the trial court did not err by denying the nephews’ motion for summary

judgment and granting summary judgment in favor of Harvey and Dianne and that Harvey and

Dianne are entitled to mandatory indemnification. However, we also hold that the trial court

erred by awarding Harvey and Dianne attorney fees without segregating expenses incurred in

defense of the nephews’ claims from expenses incurred in prosecution of Harvey and Dianne’s

counterclaims. Accordingly, we affirm the trial court’s order granting summary judgment and

remand to the trial court for entry of findings and conclusions addressing the issue of fee

segregation.

FACTS

RSC is a plumbing supply company operating in the Puget Sound area. Max and Sara

Rosen, who were Harvey and Dianne’s parents, formed RSC as a general partnership in 1946.

When RSC was incorporated in 1978, there were five shareholders—Max, Sara, and their three

children Harvey, Dianne, and Byron. All five shareholders served on the board of directors.

Byron died in 1979. RSC remains a family business, owned by Harvey, Dianne, Harvey’s son

Devin, and Byron’s sons Adam, David, and Matthew.

RSC’s original articles of incorporation have never been amended. Art. II § 3(C) of

RSC’s articles of incorporation provides in part, “The corporation shall not be entitled to vote,

either directly or indirectly, on any shares of its own stock which it may hold.” Clerk’s Papers

(CP) at 66. Art. VIII § 4 provides:

Any contract, transaction, or act of the corporation or of the directors or of any officers of the corporation which shall be ratified by a majority or a quorum of the stockholders of the corporation at any annual meeting or any special meeting called for such purpose, shall insofar as permitted by law, be as valid and as binding as though ratified by every stockholder of the corporation.

2 No. 52945-9-II

CP at 70 (emphasis added).

When RSC incorporated, it issued 1,000 outstanding shares of stock: 150 shares each to

Max and Sara, 250 shares each to Harvey and Byron, and 200 shares to Dianne. After Byron

passed away in 1979, RSC bought back his 250 shares and later reissued the shares pro rata to

the remaining shareholders. As a result, Max and Sara each owned 200 shares, Harvey owned

333.333 shares, and Dianne owned 266.667 shares.

In 1989 the four shareholders signed a revised stock purchase agreement (1989 SPA)

providing that if a shareholder wanted to sell her shares, or if a shareholder died, the remaining

shareholders or RSC must purchase those shares. The 1989 SPA expressed a “desire to preserve

a majority shareholder position in the Corporation” for Harvey and Dianne. The 1989 SPA

provided that Harvey and Dianne “shall have the right to purchase from each other, or from their

respective estates, all or a portion of the stock owned by the other,” with the stated purpose being

“to assure HARVEY ROSEN and DIANNE ARENSBERG a fifty-one (51%) percent

shareholder position in the Corporation throughout the remainder of their lives.” CP at 79. The

1989 SPA also permitted Max and Sara to gift a portion of their shares to their grandchildren.

Max and Sara established a grandchildren’s stock ownership trust, naming Harvey and

Dianne as the co-trustees of the trust. As co-trustees they held “the voting rights to the stock

held in trust,” entitling them each “to vote one-half of the stock.” CP at 388. The trust provided

for distribution of 50 shares to each of Max and Sara’s grandchildren, conditioned on the

grandchild’s completion of four years of continuous service with RSC. Byron’s son, Adam,

immediately qualified and received his gift of 50 shares. Eventually, four other grandchildren

3 No. 52945-9-II

qualified to receive a gift of 50 shares from the trust—Aaron, David, Matthew, and Devin.1

When the trust was ultimately terminated, the 150 remaining shares were distributed pro rata to

Adam, Aaron, David, Devin, and Matthew, resulting in each of them owning 80 shares.

In 2012, Aaron chose to have RSC redeem his 80 shares. As a result, six people currently

own the 920 outstanding shares: Harvey owns 333.333 shares (36.2% interest), Dianne owns

266.667 shares (29% interest), and Adam, David, Matthew, and Devin each own 80 shares (8.7%

interest).

In 2012, Harvey and Dianne, who were in their 70s, began expressing a desire to exit

RSC and sell their portion of the company to Adam, David, Matthew, and Devin. In May 2017,

Harvey and Dianne sent an offer for the purchase of Harvey and Dianne’s shares. But the

nephews rejected the offer. Harvey and Dianne ultimately revoked their offer and began to

explore a third-party sale of RSC’s assets or a potential merger. In November 2017, the nephews

made an offer to buy Harvey and Dianne’s shares, but Harvey and Dianne rejected the offer as

too low.

In November 2017, Harvey and Dianne called a special joint meeting of the board of

directors and shareholders. The notice called for consideration of the following proposals:

(i) To remove three directors from the Board of Directors of the Company;

(ii) To consider and vote on a resolution . . . by the shareholders to approve amended and restated Bylaws of the Company, including but not limited to setting the number of directors of the Company at three (3);

(iii) To elect three (3) directors to the Company’s Board of Directors.

1 Aaron and Devin are Harvey’s sons.

4 No. 52945-9-II

CP at 204.

At the special meeting, Harvey and Dianne disagreed with the nephews as to the proper

voting scheme. Harvey and Dianne contended that voting would be on a per share basis,

consistent with the Washington Business Corporation Act, Title 23B RCW. The nephews

maintained that voting should occur per capita. The meeting proceeded to vote on directors, with

the nephews abstaining. As a result of the votes, Matthew and David were removed from the

board. The shareholders also voted to amend RSC’s bylaws. The nephews again abstained in

protest of the per share vote.

At the conclusion of the special meeting, the nephews served Harvey and Dianne with a

summons and complaint for a lawsuit. The nephews subsequently filed a lawsuit against Harvey

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