Anthony C. Lustig v. AzGen Scientific Holdings PLC

CourtDistrict Court, N.D. California
DecidedMay 21, 2020
Docket4:18-cv-07503-HSG
StatusUnknown

This text of Anthony C. Lustig v. AzGen Scientific Holdings PLC (Anthony C. Lustig v. AzGen Scientific Holdings PLC) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Anthony C. Lustig v. AzGen Scientific Holdings PLC, (N.D. Cal. 2020).

Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 ANTHONY C. LUSTIG, Case No. 18-cv-07503-HSG

8 Plaintiff, ORDER GRANTING IN PART AND DENYING IN PART MOTION FOR 9 v. DEFAULT JUDGMENT

10 AZGEN SCIENTIFIC HOLDINGS PLC, Re: Dkt. No. 47, 48 11 Defendant.

12 13 Plaintiff Anthony Lustig (“Lustig”) filed a motion (“Motion”) for entry of default 14 judgment against Defendant AzGen Scientific Holdings PLC (“AzGen”), Dkt. No. 47. Paul Gray 15 and Luis Siemens, directors of AzGen, filed a purported opposition “pro se.”1 (“Opp.,” Dkt. No. 16 53). The Court held a hearing on the motion on January 9, 2020. Dkt. No. 54. On January 16, 17 2020, Plaintiff filed a supplemental memorandum in support of the Motion, as requested by the 18 Court. (“Supp. Mot.,” Dkt. No. 55). Gray and Siemens filed a response to that supplemental memorandum, again purporting to act in a pro se capacity. (“Supp. Reply,” Dkt. No. 57). For the 19 reasons set forth below, the Court GRANTS in part and DENIES in part the Motion. 20 21 BACKGROUND 22 A. Procedural Background Plaintiff Lustig filed this action on December 13, 2018, alleging that AzGen breached its 23 employment contract with Plaintiff by failing to pay certain compensation, including an AzGen 24 stock award. AzGen, founded by Paul Gray, is a company that invests in life sciences and other 25 26

27 1 The Court cannot consider corporate pro se pleadings, since these officers were not sued and a 1 emerging technologies in North America, Europe, and Asia. First Amended Complaint ¶ 7 (Dkt. 2 No. 11, “AC”); Declaration of Anthony C. Lustig (Dkt. No. 47-2, “Lustig Decl.”) ¶ 4. AzGen is a 3 corporation organized under the laws of Ireland, with its principal place of business in Dublin. 4 AC ¶ 3. At the outset of this litigation, AzGen retained the law firm Duane Morris LLP (“Duane 5 Morris”), and Duane Morris partner James S. Brown executed a Waiver of Service of Summons. 6 Dkt. No. 12. The form provides that AzGen waives “any objections to the absence of a summons 7 or of service.” Id. Duane Morris represented AzGen until March 22, 2019, when the Court 8 allowed Duane Morris to withdraw due to AzGen’s failure to pay and insolvency issues. Dkt. No 9 15 at 3; Dkt. No. 26. 10 Upon AzGen being unable (or unwilling) to obtain new counsel, the Court allowed 11 Plaintiff to seek entry of default, and the clerk entered default on April 24, 2019. Dkt. No. 34. 12 Duane Morris then notified the Court on June 12, 2019 of its inability to comply with the Court’s 13 order to electronically forward documents to AzGen because emails to the email addresses counsel 14 could identify were bouncing back as undeliverable. Dkt. No. 36. The Court held a telephonic 15 case management conference on July 24, 2019, and relieved Duane Morris of its obligation to 16 serve AzGen. Dkt. No. 42. 17 B. Plaintiff’s Employment with AzGen 18 AzGen hired Plaintiff in August 2017 to serve as its Chief Investment Officer. AC ¶ 8. 19 The parties entered into a revised employment agreement on December 29, 2017, which set forth 20 the conditions of Plaintiff’s employment. Id., Ex. A (“Agreement”). According to the Agreement, 21 Plaintiff would be based in San Francisco, receive a daily rate of $1,000 per day worked 22 ($250,000 yearly), be promptly reimbursed for approved travel expenses upon submission of 23 receipts, be issued four million shares with a time dependent “Value Share” component, and 24 receive an annual minimum potential bonus of $100,000 “based on the completion of defined 25 milestones.” Id. at 5.2 AzGen’s board of directors approved the allotment for “4,000,000 ordinary 26 shares … in the capital of [AzGen] for a relatively nominal consideration of €4,000.” AC ¶ 10. 27 1 These shares were transferred to Lustig “in a single tranche” and without a requirement 2 that the shares vest over time. Id. The 4,000,000 shares represented “10% of the issued share 3 capital” of AzGen. Lustig Decl. ¶ 3, Ex. D. The Agreement also provided that the company may 4 “terminate your consulting engagement on giving you not less than one months’ notice.” Id. This 5 was subject to the following conditions: (1) if Plaintiff’s relationship with the company ended, the 6 shares would come back to the company’s control, and “[d]epending on when or in what 7 circumstances this may come to pass, different price considerations would apply”; (2) if Plaintiff 8 left before 3 years of service starting from August 1, 2017, Plaintiff would receive only the market 9 value for a portion of the shares (“Value Shares”) and the subscription price for the remainder; (3) 10 the market value would be determined by a panel of three independent experts; (4) if Plaintiff was 11 terminated by the Board by “reason of any fraud, dishonesty, gross negligence, willful 12 misconduct, bad faith or failure to disclose a conflict of interest,” then Plaintiff had to retransfer all 13 the shares in exchange for the subscription price; and (5) if Plaintiff was terminated by the 14 company for any other reason other than improper behavior or a change in control, Plaintiff was 15 obligated to retransfer all or some of the shares in exchange for a price “equal to their then 16 ‘Market Value.’” Id. at 3. The number of “value shares” was to be determined by the number of 17 months Plaintiff worked divided by 36, then multiplied by the four million shares. Id. 18 On June 12, 2018, Defendant sent Plaintiff a letter terminating the Agreement, effective 19 July 12, 2018. AC ¶ 15. The letter stated that Plaintiff acted in “bad faith and/or failed to disclose 20 a conflict of interest in [his] dealings with CEEK VR,” and that Defendant “regards this as an 21 Improper Behavior” for purposes of Plaintiff’s interest in the stock. Id. ¶ 16. According to the 22 letter, Plaintiff was obligated to retransfer control of the 4,000,000 shares in exchange for the 23 subscription price and not the market value. Id. Plaintiff alleges that there “is no truth to the 24 allegation that Lustig acted in bad faith or failed to disclose a conflict of interest.” Id. ¶ 18. 25 The AC alleges that AzGen breached the Agreement by failing to pay the following: (1) 26 monthly salary from April 2018 through July 12, 2018 ($70,563), id. ¶ 21; (2) travel 27 reimbursements in excess of $7,000, id. ¶ 22; (3) bonus in the amount of $100,000, id.; and (4) 1 Based on the allegations of the complaint, Plaintiff brings breach of contract and California Labor 2 Code claims. Id. ¶¶ 19–32. 3 LEGAL STANDARD 4 When a party has failed to plead or defend against a complaint, the clerk “must enter the 5 party’s default.” Fed. R. Civ. P. 55(a). Following an entry of default, the Court may enter a 6 default judgment upon request. Fed. R. Civ. P. 55(b)(2). However, the Court’s decision to enter a 7 default judgment is “discretionary.” Aldabe v. Aldabe, 616 F.2d 1089, 1092 (9th Cir. 1980). 8 When default has been entered, the “factual allegations of the complaint, except those relating to 9 the amount of damages, will be taken as true.” TeleVideo Sys., Inc. v. Heidenthal, 826 F.2d 915, 10 917–18 (9th Cir. 1987). In assessing a request for default judgment, the Court has an “affirmative 11 duty” to examine its jurisdiction over “both the subject matter and the parties.” In re Tuli, 172 12 F.3d 707, 712 (9th Cir. 1999). The Court must also determine whether service of process on the 13 Defendant was proper. Craigslist, Inc. v. Naturemarket, Inc.,

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Bluebook (online)
Anthony C. Lustig v. AzGen Scientific Holdings PLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/anthony-c-lustig-v-azgen-scientific-holdings-plc-cand-2020.