Ballast Advisors, LLC v. Scott A. Peterson, Melinda M. Bradley, MMX Wealth Partners, LLC, MMX WP, LLC, MMX Management, LLC, and Mark Marxer; Scott A. Peterson v. Ballast Advisors, LLC and Paul Parnell

District Court, D. Minnesota·Decided May 1, 2026·No. 0:23-cv-03769·Unknown

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA

Ballast Advisors, LLC, Case No. 23-CV-3769 (PJS/JFD) Plaintiff, v. REPORT AND RECOMMENDATION ON Scott A. Peterson, Melinda M. Bradley, PLAINTIFF’S MOTION FOR MMX Wealth Partners, LLC, MMX WP, SANCTIONS LLC, MMX Management, LLC, and Mark Marxer, Defendants, and Scott A. Peterson, Counter-Plaintiff, v. Ballast Advisors, LLC and Paul Parnell, Counter-Defendants. This matter is before the Court on Plaintiff Ballast Advisors, LLC's (“Ballast”) Motion to Sanction Defendant Scott A. Peterson under Fed. R. Civ. P. 37(e) for failing to preserve relevant electronically stored information (“ESI”) (Dkt. No. 148). The Court heard oral argument on the Motion on March 13, 2026. Matthew T. Boos appeared for the Plaintiff, while Joel Andersen and Christopher T. Ruska appeared for the Defendants. (Hr’g Mins., Dkt. No. 197 (listing all appearances of counsel).) After hearing oral argument and

studying the parties’ briefs, the Court recommends granting the motion in part but, because some issues require the resolution of questions of fact, and those factual questions concern the conduct of the trial, deferring resolution of those factual questions to the district court

judge. I. Background According to Plaintiff’s Complaint, Ballast is a national financial services firm based in Minnesota. (Third Am. Compl. ¶ 1, Dkt. No. 125.) Ballast Advisors brought this action against former employees Scott Peterson and Melinda Bradley, as well as against MMX WP, LLC (Mr. Peterson's current employer) and MMX Wealth Partners, LLC (Ms.

Bradley's current employer). (Id. at ¶¶ 2–7.) Generally, Ballast alleges that Mr. Peterson violated his non-solicitation agreement after his employment ended and solicited Ballast’s clients in his new role with other named defendants. (Id. at ¶¶ 91–95, 123–24.) A. Relevant Pre-Litigation Conduct Though the facts underlying this motion are in dispute, the legal issue is a simple

one. Ballast alleges that Mr. Peterson intentionally left his phone on auto-delete even after he had a duty to retain evidence in anticipation of litigation. (See Pl.’s Mem. in Supp. 19– 20, 22, Dkt. No. 150.) It also alleges that Mr. Peterson manually deleted potentially discoverable emails from relevant time periods. (Id. at 12–13, 22.) Mr. Peterson admits that the auto-delete function on his accounts was left on and that some emails and text messages

from relevant time periods were deleted from his phone. (See Defs.’ Mem. in Opp. 1–2, 8, Dkt. No. 179.) He argues that this was, at worst, negligent destruction of evidence and should not warrant sanctions. (See id.) The following facts are undisputed. Mr. Peterson began working for Ballast as an investment advisor in 2017. (Id. at ¶ 18.) At that time, he signed an employment agreement

that included a non-compete provision. (Id. at ¶ 22.) This agreement was updated in September 2022 and included a non-solicitation provision that lasted two years beyond the end of Mr. Peterson’s employment. (Id. at ¶¶ 30, 34–35.) That provision states: Non solicitation. Employee agrees that, during the Restricted Period, Employee will not, directly or indirectly: a. Call upon, solicit, or attempt to solicit or divert any Client to do business with any Competing Business, or provide or sell to any Client any service or product that competes with, or is the same or substantially similar to, any service or product offered or provided by the Company, its subsidiaries or affiliates during Employee’s employment with Company or its subsidiaries or affiliates.

(Id. at ¶ 34.) By November 9, 2022, while still working for Ballast, both Mr. Peterson and Ms. Bradley signed agreements with Advisory Services Network, a competing investment firm. (Id. at ¶ 53, 68.) “[Mr.] Peterson [then] took a paid leave of absence from Ballast beginning in December 2022 and continuing until sometime in January 2023.” (Dec. 11, 2024 Order 3, Dkt. No. 46.) On December 2, 2022, Mr. Peterson formed MMX WP in Florida. (Third Am. Compl. ¶ 52, Dkt. No. 125.) Around that time, Mr. Peterson emailed at least two clients telling them to call his personal phone number, a practice Ballast characterizes as unusual and discouraged within Ballast. (Id. at ¶ 71–72.) On February 3, 2023, Mr. Peterson submitted a letter of resignation to Ballast, (id. at ¶ 42), and his last day of employment was around February 23, 2023. (Dkt. No. 125 at ¶ 49; see also Third Am. Compl. Ex. D, Dkt. No. 125-4 (cease-and-desist letter); but see Defs.’ Answer to Third Am. Compl. ¶ 49, Dkt. No. 129 (denying the specific end dates of Mr. Peterson’s employment).) On February 23, 2023, when Ballast learned that Mr. Peterson helped form

MMX on December 2, 2022, Ballast sent Mr. Peterson a cease-and-desist letter. (Dkt. No. 125 at ¶ 52, 55; see also Dkt. No. 129 at ¶ 52.) In that letter, Ballast informed Mr. Peterson that it believed he was soliciting his former Ballast clients and notified him of his duty to retain any records pertaining to the dispute, including: [E]lectronic files and other data generated by and/or stored on a computer, smart phone, cell phone. . . that might in anyway relate [to] your work with Ballast. This means that [Mr. Peterson] may not alter or delete in any way – any documents, electronic data, tangible items or evidence, including but not limited to any and all e-mail communication, that relates in any way to this matter.

(Third Am. Compl. Ex. D, Dkt. No. 125-4 (emphasis added).) B. Procedural History Ballast filed this motion for Rule 37(e) Sanctions against Mr. Peterson, alleging that he “delet[ed] . . . hundreds of text messages and numerous emails with direct relevance to this case.” (Pl.’s Mot. for Sanctions 1, Dkt. No. 148.) Ballast alleges that Mr. Peterson failed to disable a text message auto-delete function on his phone and that text messages from 2022 and 2023 were destroyed or lost. (Defs.’ Mem. in Opp. 1–2, 3, Dkt. No. 179; see also Peterson Dep. 31:14–32:15, Dkt. No. 183-1.) The fact that these deletions occurred is undisputed, but Mr. Peterson claims that his personal e-mail had an auto-delete setting turned on “long before this litigation became a possibility,” and thus emails from that time period were also lost. (Defs.’ Mem. in Opp. 8, Dkt. No. 179.) Mr. Peterson and his counsel attempted to ameliorate the information loss by obtaining copies of text messages from relevant parties, but some of them also had auto-

delete functions activated or otherwise could not produce responsive messages. (Id. at 6.) Of the texts and emails known to exist, Mr. Peterson has failed to produce 139 text messages sent to Ballast clients between December 15, 2022, and October 24, 2023, and 8 emails sent between April 2022, and February 8, 2023. (See Pl.’s Mem. in Supp. 6–7, Dkt. No. 150; Defs.’ Mem. in Opp. 8–10, Dkt. No. 179.) The parties have been before the Court on issues related to these messages before.

(See Order on Mot. to Compel 9–10, Dkt. No. 108.) Six months ago, in a previous order, the Court granted Ballast’s motion to compel with respect to: 1. All non-privileged emails (including attachments) to, from, or including the email accounts listed in Defendants’ post-hearing letter for all of 2022 and 2023, regardless of content or recipients;

2. All non-privileged emails (including attachments) between Mr. Peterson and Ms. Bradley for all of 2022 and 2023 to, from, or including the email accounts listed in Defendants’ post-hearing letter, regardless of content, and including third parties;

3. All text messages between Mr. Peterson and Ms. Bradley from 2022 and 2023, regardless of content and whether they include third parties;

. . .

6. Mr. Peterson’s 2022 cell phone records.

(Id.

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Ballast Advisors, LLC v. Scott A. Peterson, Melinda M. Bradley, MMX Wealth Partners, LLC, MMX WP, LLC, MMX Management, LLC, and Mark Marxer; Scott A. Peterson v. Ballast Advisors, LLC and Paul Parnell, (mnd 2026).

Ballast Advisors, LLC v. Scott A. Peterson, Melinda M. Bradley, MMX Wealth Partners, LLC, MMX WP, LLC, MMX Management, LLC, and Mark Marxer; Scott A. Peterson v. Ballast Advisors, LLC and Paul Parnell (Ballast Advisors, LLC v. Scott A. Peterson, Melinda M. Bradley, MMX Wealth Partners, LLC, MMX WP, LLC, MMX Management, LLC, and Mark Marxer; Scott A. Peterson v. Ballast Advisors, LLC and Paul Parnell) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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