Aileron Investment Management, LLC v. American Lending Center, LLC

District Court, M.D. Florida·Decided February 22, 2022·No. 8:21-cv-00146·Unknown

Opinion

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF FLORIDA TAMPA DIVISION

AILERON INVESTMENT MANAGEMENT, LLC, a Florida limited liability company,

Plaintiff, v. Case No.: 8:21-cv-146-MSS-AAS

AMERICAN LENDING CENTER, LLC, a California limited liability company,

Defendants. ______________________________________/

ORDER Plaintiff American Lending Center, LLC (ALC) moves for leave to serve a supplemental expert report. (Doc. 113). Defendant Aileron Investment Management, LLC (Aileron) moves to seal two exhibits ALC attaches to its motion. (Doc. 117). The parties oppose each other’s motions. (Doc. 119, 124). ALC’s motion (Doc. 113) is GRANTED in part and DENIED in part and Aileron’s motion (Doc. 117) is GRANTED. I. BACKGROUND Aileron and ALC “partnered to develop a loan product that utilizes construction job creating to utilize EB-5 funding.” (Doc. 1, ¶ 7). Aileron was the 1 exclusive fund manager for ALC’s EB-5 investors.1 (Id.). Joseph Bonora and Michael Maguire were co-managing directors at Aileron. (Id. at ¶¶ 19–20). Aileron used Justin Blackhall and his law firm as legal counsel, but Justin Blackhall also worked for ALC in an executive level position. (Id. at ¶¶ 22, 24).

Aileron alleges Mr. Bonora, Mr. Maguire, and Mr. Blackhall created a shell company that collected millions of dollars in fees that ALC should have paid to Aileron. (Id. at ¶¶ 28–44). As a result, Aileron sued ALC for: (1) aiding and abetting Mr. Maguire’s

breach of fiduciary duty; (2) aiding and abetting Mr. Bonara’s breach of fiduciary duty; (3) aiding and abetting Mr. Blackhall’s breach of fiduciary duty; (4) tortious interference with business relationship; and (5) breach of fiduciary duty. (Id. at ¶¶ 46–73). ALC moved to dismiss Aileron’s complaint and to strike

the special damages demand for attorney’s fees. (Doc. 18). A July 12, 2021 order denied ALC’s motion to dismiss but granted ALC’s motion to strike special damages demand for attorney’s fees. (Doc. 25). ALC now requests leave to serve a supplemental expert report. (Doc.

113). ALC claims leave should be granted because the expert report was

1 The EB-5 Immigrant Investor Program “permits noncitizens to apply for permanent residence in the United States by investing in approved commercial enterprises.” Liu v. SEC, 140 S. Ct. 1936, 1941 (2020). 2 supplemented to include information from settlement agreements “[Aileron] produced after [ALC’s Damages Expert, Kenneth Mathieu] prepared his initial report.” (Id. at 10). Aileron claims the expert report discusses information not relevant until postjudgment. (Doc. 119, p. 5). Aileron further argues the expert

report is untimely, unnecessary, and too expansive under Federal Rule of Civil Procedure 26(e). (Id. at 5–13). Aileron in turn moves to seal two exhibits attached to ALC’s motion. (Doc. 117). Aileron argues Exhibit A (ALC’s supplemental expert report) and

Exhibit C (portions of the deposition of Aileron’s corporate representative) discuss confidential business information from third parties through “settlement agreements for prior litigation in which [Aileron] was involved.” (Id. at 2–3). ALC opposes Aileron’s motion, arguing the presumption of a public

right of access and the Middle District of Florida’s local rules preclude Aileron from sealing ALC’s exhibits. (Doc. 124). II. LEGAL STANDARD Parties are obligated under Federal Rule of Civil Procedure 26(e) to

supplement an expert report “in a timely manner if the party learns that in some material respect the disclosure . . . is incomplete or incorrect, and if the additional or corrective information has not otherwise been made known to the

3 other parties during the discovery process or in writing.” Guevara v. NCL (Bahamas) Ltd., 920 F.3d 710, 718 (11th Cir. 2019) (quoting Fed. R. Civ. P. 26(e)(1)(A)). Rule 26(e) “permits supplemental reports only for the narrow purpose of correcting inaccuracies or adding information that was not available

at the time of the initial report.” Companhia Energetica Potiguar v. Caterpillar Inc., No. 14-cv-24277-JEM, 2016 WL 3102225, at *6 (S.D. Fla. June 2, 2016). An expert report thus “may not be supplemented in order to cure a major omission or to remedy an expert’s inadequate or incomplete preparation.”

Lincoln Rock, LLC v. City of Tampa, No. 8:15-cv-1374-JSM-JSS, 2016 WL 6138653, at *2 (M.D. Fla. Oct. 21, 2016). III. ANALYSIS ALC requests leave to serve a supplemental expert report from its

damages expert, Kenneth Mathieu. (Doc. 113). Mr. Mathieu’s supplemental report contains four opinions: one “quantif[ying] his initial opinion that [Aileron’s] damages in this matter must be reduced by the consideration it received” from several legal settlements Aileron reached prior to its entering

into litigation with ALC; and three opinions “build[ing] upon, without changing, the opinions in Mr. Mathieu’s Initial Report.” (Doc. 113, p. 1–2). ALC argues leave should be granted because Mr. Mathieu’s supplemental report

4 includes analysis responding to the rebuttal report of Aileron’s damages expert and “information that [Aileron] produced after Mr. Mathieu issued his initial report.” (Id. at 8–9). ALC claims it is substantially justified in serving Mr. Mathieu’s

supplemental report because it “rel[ies] upon evidence that was not available to ALC when he issued his Initial Report.” (Doc. 113, p. 18). ALC also claims granting leave to serve Mr. Mathieu’s supplemental report in this instance is harmless because ALC notified Aileron of its intent to serve a supplemental

expert report, “Mr. Mathieu prepared his Supplemental Report well in advance of the deadline for supplementation under Rule 26(e)(2),” and “there is no risk that the Supplemental Report will disrupt the trial.” (Id. at 14–17). Aileron argues ALC’s request should not be granted because ALC seeks

only to supplement its expert report to include information “undisputedly related to ALC’s affirmative defense of set-off, a determination which is not proper until after judgment, if at all.” (Doc. 119, p. 6). Aileron argues ALC was aware of the settlements Mr. Mathieu utilized in drafting his supplemental

expert report “long before filing his Initial Report. . . [e]ven though he did not know the specific amounts paid under the terms of the Prior Settlements.” (Id. at 9). Aileron further claims ALC cannot freely be given leave to supplement

5 its expert report because the report does not address “the type of additional or corrective information contemplated by Rule 26.” (Id. at 10–11). Aileron further claims ALC’s request is untimely and Aileron will thus be prejudiced because the filing of a supplemental expert report would necessitate the

extension of multiple impending deadlines, including the dispositive motion deadline. (Id. at 12). As a preliminary matter, ALC has timely moved for leave to serve a supplemental expert report. “The extent to which an expert’s supplement is

deemed ‘timely’ under Rule 26(e) is generally tied to the discovery and expert disclosure deadlines set forth in a court’s scheduling order, In re 3M Combat Arms Earplug Prods. Liab. Litig., 2021 WL 246224, at *3 (N.D. Fla. Jan. 25, 2021), although—absent a directive from the court to the contrary—Rule 26(e)

permits Rule 26(a)(2)(B) expert witnesses to supplement their disclosures up until the pretrial disclosure deadline.” SFR Services LLC v. Electric Ins. Co., 8:19-cv-2013-CPT, 2021 WL 1193284, at *4 (M.D. Fla.

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