Alisa K Wright v. Kathryn S Eddy

Indiana Court of Appeals·Decided September 24, 2025·No. 24A-PL-02291·Published

Opinion

IN THE

Court of Appeals of Indiana BioConvergence LLC and Alisa K. Wright, FILED Appellants-Defendants / Counterclaim-Plaintiffs Sep 24 2025, 9:27 am

CLERK

Indiana Supreme Court

v. Court of Appeals and Tax Court

Kathryn S. Eddy,

Appellee-Plaintiff / Counterclaim-Defendant

September 24, 2025

Court of Appeals Case No.

24A-PL-2291

Appeal from the Marion Superior Court The Honorable Heather A. Welch, Senior Judge Trial Court Cause No.

49D01-1211-PL-45456

Opinion by Judge Mathias

Judges May and Bradford concur.

Mathias, Judge.

[1] BioConvergence, LLC (“BioC”) and Alisa K. Wright appeal the trial court’s orders on attorneys’ fees in favor of Kathryn S. Eddy. We affirm and remand with instructions.

Facts and Procedural History [2] This dispute between the parties has been ongoing since 2012. As we

summarized in a prior appeal:

This case involves a plethora of discovery disputes, violations, requests for contempt findings and sanctions, and gamesmanship that ensued after the employer-employee relationship of the parties soured. The relevant facts are as follows: Wright is the majority owner and chief executive officer of BioC, headquartered in Bloomington, Indiana. Wright’s ex-husband, Lance, was BioC’s chief operating officer. In 2004, Eddy contracted to provide consulting advice to BioC and, in 2006, Eddy began serving on BioC’s board of advisors.

In December 2010 or January 2011, Eddy purchased 371.429 ownership shares of BioC for $52,000.00, or $140.00 per share, the unit price that was designated by [BioC and Wright] and approved by BioC’s accounting firm. In March 2011, Eddy accepted a position as BioC’s chief financial officer. That [f]all, [BioC and Wright] tasked Eddy with performing a new stock valuation. Eddy concluded that the unit price of the ownership shares should be $70.00; however, [BioC and Wright] elected to maintain the $140.00 unit price. In December 2011, Eddy bought seventy-one more ownership shares at the $140.00 unit price.

In May 2012, [BioC and Wright] terminated Eddy’s employment, which triggered BioC’s option to repurchase Eddy’s ownership shares pursuant to BioC’s operating agreement. In July 2012, [BioC and Wright] repurchased Eddy’s ownership shares for $15.50 per share. On November 27, 2012, Eddy sued [BioC and Wright] for actual and constructive fraud; breach of contract; breach of fiduciary duty; criminal deception;

defamation per se; defense and indemnification; specific performance; violations of the Indiana Uniform Securities Act;

and willful misconduct and recklessness. On January 18, 2013, [BioC and Wright] counterclaimed for breach of contract;

conversion; criminal deception; defamation; intentional infliction of emotional distress; and negligence.

BioConvergence, LLC v. Eddy, No. 18A-PL-1351, 2019 WL 2181187, at *1 (Ind. Ct. App. May 21, 2019) (mem.) (footnotes omitted), trans. denied.

[3] As relevant to the issues in this appeal, BioC operated in accordance with an Operating Agreement, which provided in part that BioC would indemnify its officers and members “against expenses (including attorney fees) actually and reasonably incurred . . . in connection” with that person’s successful defense of “any claim, issue, or matter” related to that person’s relationship with BioC. Appellants’ App. Vol. 5, pp. 211-12. Further, Eddy’s employment with BioC, which ended approximately six months before she filed her complaint, was in accordance with an Employment Agreement. The Employment Agreement provided in relevant part as follows:

Breach of Agreement and Remedies. Employee acknowledges and agrees that Employee’s actual or threatened breach of this Agreement may cause or threaten irreparable injury to the Company that cannot adequately be measured in money damages. The Company shall therefore be entitled to obtain injunctive relief with respect to any such actual or threatened breach by Court of Appeals of Indiana | Opinion 24A-PL-2291 | September 24, 2025 Page 3 of 12

Employee in addition to and not in lieu of any other available remedies. Employee shall also pay any and all costs, damages[,] and other expenses, including without limitation all attorneys’ fees, witness fees[,] and other legal expenses which are incurred by the Company in successfully enforcing this Agreement. Employee further acknowledges and agrees that the existence of any claim or cause of action by Employee against the Company, whether or not predicated upon Employee’s employment relationship with the Company, shall not relieve Employee of Employee’s obligations under this Agreement.

Appellants’ App. Vol. 90, p. 183 (emphases added).

[4] Eventually, the trial court entered default judgment for Eddy and against BioC and Wright on their counterclaims, which judgment this Court affirmed on appeal. Thereafter, Eddy sought to hold BioC to the indemnity provision of the Operating Agreement, and the trial court agreed that BioC had an obligation to indemnify Eddy for her costs spent in defending herself against the counterclaims as well as her attorneys’ fees spent in seeking to hold BioC to the indemnity provision. Eddy later voluntarily dismissed her remaining claims against BioC and Wright with prejudice. BioC and Wright likewise sought to recover their attorneys’ fees.

[5] After a lengthy evidentiary hearing, the trial court entered extensive findings of fact and conclusions thereon in which it awarded attorneys’ fees to Eddy and denied the claim for fees brought by BioC and Wright. After BioC and Wright filed a motion to correct error, the trial court amended its findings and conclusions but kept the monetary bottom lines.

[6] This appeal ensued.

Standards of Review [7] BioC and Wright (hereafter referred to collectively as “BioC”) appeal various

orders of the trial court awarding attorneys’ fees to Eddy and denying their claims for fees. According to our Supreme Court:

[We] review[] an award of attorney’s fees for an abuse of discretion. An abuse of discretion occurs when the court’s decision either clearly contravenes the logic and effect of the facts and circumstances or misinterprets the law. To make this determination, this Court reviews any findings of fact for clear error and any legal conclusions de novo. Where a trial court’s decision involves an issue of statutory interpretation, the standard of review is de novo.

Nardi v. King, 253 N.E.3d 1098, 1103 (Ind. 2025) (citations and quotation marks omitted).

Fees under the Operating Agreement [8] We initially address BioC’s arguments on appeal that the trial court erred when

it awarded both $832,578 and $259,963.50 in attorneys’ fees to Eddy under the Operating Agreement. Section 13.2 of the Operating Agreement provides in relevant part as follows:

To the extent that a Director, Officer[,] or Member has been successful, on the merits or otherwise, in the defense of any action, suit[,] or proceeding referred to in Section 13.1 [regarding lawsuits involving Officers or Members], or in the defense of any claim, issue[,] or matter therein, [BioC] shall indemnify such person against expenses (including attorney fees) actually and reasonably incurred . . . in connection therewith. . . .

Appellants’ App. Vol. 5, pp. 211-12.

[9] We first consider the trial court’s award of $832,578 in attorneys’ fees to Eddy. The court awarded this amount to Eddy on the ground that it was a reasonable assessment of Eddy’s attorneys’ fees spent in defending Eddy against BioC’s counterclaims. BioC does not dispute that Eddy was entitled to some amount of attorneys’ fees here; instead, it asserts that the $832,578 award is excessive. There is no dispute that Eddy had spent more than $1.5 million in total for her attorneys’ fees by the time our Court’s decision affirming the entry of default judgment on the counterclaims was certified.

Free access — add to your briefcase to read the full text and ask questions with AI

Alisa K Wright v. Kathryn S Eddy, (Ind. Ct. App. 2025).

Alisa K Wright v. Kathryn S Eddy (Alisa K Wright v. Kathryn S Eddy) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.