Banq, Inc. v. Purcell

CourtDistrict Court, D. Nevada
DecidedJuly 14, 2025
Docket2:22-cv-00773
StatusUnknown

This text of Banq, Inc. v. Purcell (Banq, Inc. v. Purcell) is published on Counsel Stack Legal Research, covering District Court, D. Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Banq, Inc. v. Purcell, (D. Nev. 2025).

Opinion

2 UNITED STATES DISTRICT COURT 3 DISTRICT OF NEVADA 4 * * * 5 Banq, Inc., a Florida Corporation, Case No. 2:22-cv-00773-APG-DJA 6 Plaintiff, 7 Order v. 8 Scott Purcell, an individual; George 9 Georgiades, an individual; Kevin Lehtiniitty, an individual; Fortress NFT Group, Inc. dba 10 Fortress Block Chain Technologies, a Delaware corporation; and Planet NFT, Inc., a 11 Delaware corporation,

12 Defendants.

13 14 This action arises out of Defendants Scott Purcell, George Georgiades, and Kevin 15 Lehtiniity’s former executive employment with—and subsequent departure from—Plaintiff Banq, 16 Inc. Banq alleges that Purcell, Georgiades, and Lehtiniitty stole Banq’s trade secrets, intellectual 17 properties, and business opportunities before they departed and used those assets to form Fortress 18 NFT and Planet NFT, which companies are also Defendants in this action. Banq now sues 19 Defendants for the business decline it has experienced since their departure. Defendants defend 20 against this action on the theory that Banq’s chairman John Jiles was really the one responsible 21 for Banq’s decline. They assert that, after they left, Jiles focused the company on vindictively 22 litigating claims against Defendants, which caused the company to decline. 23 Before Defendants left Banq, non-party N9 Advisors, LLC extended millions of dollars in 24 credit to Banq through a promissory note. When Banq’s business declined, Banq defaulted on the 25 note and N9 sued Banq in a Florida action. Banq later filed for bankruptcy, which bankruptcy N9 26 challenged as being brought in bad faith. 27 N9 now moves to quash and for a protective order over the subpoena Banq has served on 1 overbroad, unduly burdensome, seeks irrelevant information, seeks confidential and privileged 2 information, and is really an attempt by Banq to stall or impede N9’s efforts to collect on its note. 3 N9 also argues that Banq either has the information it seeks in its possession or can obtain that 4 information from Defendants. 5 Banq argues that the information it seeks is relevant to its theory that Defendants caused 6 the company to decline. Banq asserts that it is entitled to explore whether Defendants used the 7 money N9 loaned Banq to pursue Planet NFT and Fortress NFT and whether N9 knew about that. 8 Banq adds that it is not seeking privileged information and cannot obtain this information from 9 other sources because, when Defendants left Banq, Banq alleges that they stole or destroyed 10 documents. Because the Court finds that N9 has not carried its burden of showing why the Court 11 should quash the subpoena or enter a protective order, it denies N9’s motion to quash and motion 12 for protective order. 13 I. Legal standard. 14 Rule 45 governs the issuance of subpoenas requiring non-parties to produce designated 15 documents and to testify. See Fed. R. Civ. P. 45(a)(1)(A)(iii); see Millenium Drilling Co., Inc. v. 16 Beverly House-Meyers Revocable Trust, No. 2:12-cv-00462-MMD-CWH, 2015 WL 13940564, at 17 *1 (D. Nev. Jan. 8, 2015) (“A Rule 45 subpoena is required to obtain testimony or documents 18 from one who is not a party to the action or controlled by a party to the action.”). A court must 19 grant a timely motion to quash or modify a subpoena that fails to allow reasonable time to 20 comply, requires a person to comply beyond the geographical limits specified in Rule 45(c), 21 requires disclosure of privileged or other protected matter, if no exception or waiver applies, or 22 subjects a person to undue burden. See Fed. R. Civ. P. 45(d)(3)(A). The movant seeking to 23 quash a subpoena bears the burden of persuasion. Green v. Baca, 226 F.R.D. 624, 653 (C. D. 24 Cal. 2005). 25 Rule 26(c) permits courts to issue a protective order upon a showing of good cause to 26 “protect a party or person from annoyance, embarrassment, oppression, or undue burden or 27 expense.” Torres v. Rothstein, No. 2:19-cv-00594-APG-EJY, 2020 WL 3808899, at *5 (D. Nev. 1 demonstrating harm or prejudice that will result from the discovery.” Wells Fargo Bank, N.A. v. 2 Iny, No. 2:13-cv-01561-MMD-NJK, 2014 WL 1796216, at *3 (D. Nev. May 6, 2014) (internal 3 citation and quotation marks omitted). The moving party can satisfy its burden by showing that 4 the discovery requested is irrelevant, overly broad, burdensome, or oppressive. Heyman v. Nev. 5 ex rel. Bd. of Regents of Nev. Sys. of Higher Educ., No. 2:15-cv-01228-RFB-GWF, 2018 WL 6 10323384, at *1 (D. Nev. Apr. 20, 2018). 7 II. Discussion. 8 N9 seeks to quash or for a protective order over Banq’s subpoena on five grounds: (1) that 9 Banq has issued the subpoena for an improper purpose; (2) that the subpoena is burdensome; 10 (3) that the subpoena seeks irrelevant information; (4) that the subpoena seeks confidential 11 information; and (5) that the subpoena seeks privileged information. The Court finds that N9 has 12 not carried its burden of showing that the Court should quash the subpoena or to issue a protective 13 order protecting N9 from the subpoena on any of these grounds. So, the Court denies N9’s 14 motion to quash and motion for protective order. 15 A. Improper purpose. 16 N9 predominantly objects to Banq’s subpoena on the grounds that N9 believes that Banq 17 has issued the subpoena for the improper purpose of harassing N9. N9 outlines the history of the 18 various litigations in which Banq is involved and asserts that Banq’s behavior in those actions 19 indicate that Banq is really trying to relieve itself and Jiles from their liabilities, including to N9. 20 In response, Banq confines its arguments to the subpoena and argues that its motives in seeking 21 the subpoena are legitimate. 22 Ultimately, the Court cannot determine whether Banq has issued its subpoena for an 23 improper purpose without potentially opining on the merits of this case and others, which are 24 ongoing and strongly contested by the parties. The Court declines N9’s invitation to delve into 25 the weeds of these ongoing cases. So, the Court denies N9’s motion to quash and motion for 26 protective order on this ground. 27 1 B. Burdensomeness. 2 N9 argues that deposition topics 1, 2, 3, 4, 5, 6, and 12, and document requests 1, 2, 3, and 3 9 are burdensome because Banq can obtain the information it seeks through these topics and 4 requests from the parties to the litigation. Banq has argued that it cannot seek this information 5 from the parties to the litigation because Banq claims that Defendants stole this information. 6 Under Federal Rule of Civil Procedure 45(d)(3)(A)(iv), a court may quash or modify a subpoena 7 that subjects a person to an undue burden. Under Federal Rule of Civil Procedure 26(b)(2)(C)(i), 8 the court must limit discovery that “can be obtained from some other source that is more 9 convenient, less burdensome, or less expensive.” 10 N9 has not advanced a compelling argument that Banq is not permitted to obtain 11 information from N9 simply because Defendants might also have that information. This is 12 because, while N9 believes that Banq may also be in possession of this information, Banq has 13 indicated that it cannot obtain the documents from its own records because Defendants took or 14 destroyed them. And, because Banq alleges that Defendants destroyed documents, and so needs 15 to reconstruct the record of the loan transaction with documents from N9, it is not clear that it 16 would be more convenient for Banq to obtain the documents from the very Defendants it asserts 17 destroyed them.

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Related

Green v. Baca
226 F.R.D. 624 (C.D. California, 2005)

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Banq, Inc. v. Purcell, Counsel Stack Legal Research, https://law.counselstack.com/opinion/banq-inc-v-purcell-nvd-2025.