Blue Pointer Gesture, LLC v. Samuel Schrade

CourtCourt of Chancery of Delaware
DecidedNovember 19, 2025
Docket2024-0820-DG
StatusPublished

This text of Blue Pointer Gesture, LLC v. Samuel Schrade (Blue Pointer Gesture, LLC v. Samuel Schrade) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Blue Pointer Gesture, LLC v. Samuel Schrade, (Del. Ct. App. 2025).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

BLUE POINTER GESTURE, LLC, ) 2112 GROUP LLC, and RUSH ) EQUIPMENT II, LLC, ) ) Plaintiffs, ) C.A. No. 2024-0820-DG ) v. ) ) SAMUEL SCHRADE, ) ) Defendant. )

ORDER STAYING LITIGATION1

WHEREAS:2

A. This action is a contract dispute. Plaintiffs Blue Pointer Gesture,

LLC, 2112 Group, LLC, and Rush Equipment II, LLC seek to remove

defendant Samuel Schrade as a member of 2112 Group under the 2112 Group

Operating Agreement (“Operating Agreement”) for allegedly breaching the

Operating Agreement.3

1 In this order, I cite to docket items as “Dkt.,” Plaintiffs’ exhibits as “PX,” and Defendant’s exhibits as “DX.” 2 The factual findings are generally drawn from Pls.’ Verified Compl. (“Compl.”), Dkt. 1, the attached exhibits and documents it incorporates by reference. See, e.g., Richardson v. New Residential Mortg. Loan Tr. 2019RPL3, 2025 WL 2491199, at *4 (Del. Ch. Aug. 29, 2025) (quoting Fitzgerald v. Fitzgerald Home Farm, LLC, 2024 WL 1071970, at *2 (Del. Ch. Mar. 12, 2024)). 3 See generally Compl.; Pls.’ Ans. Br. in Opp’n to Def.’s Mot. to Dismiss (“AB”), Dkt. 10. B. Plaintiffs also seek specific performance, compelling Defendant

to transfer certain assets to Plaintiffs pursuant to a separate, but related, Asset

Purchase Agreement (“APA”) the parties executed in connection with the

Operating Agreement.4

C. Plaintiff Blue Pointer Gesture, LLC (“Blue Pointer”) is a

Wyoming limited liability company. 5 Plaintiffs 2112 Group, LLC (“2112

Group”) and Rush Equipment II, LLC (“Rush”) are Delaware limited liability

companies with their principal places of business in Texas.6 Blue Pointer

holds a 60% ownership interest in 2112 Group, which, in turn, wholly owns

Rush.7

D. On September 1, 2023, Blue Pointer and Defendant executed the

Operating Agreement.8 Under the Operating Agreement, Blue Pointer agreed

to contribute $750,000 as an initial capital investment into 2112 Group, and

Defendant agreed to transfer approximately $500,000 of business equipment

to 2112 Group in place of a monetary contribution.9

4 See Compl. ¶ (c) (prayers for relief); AB at 15, 24–26; Def.’s Reply Br. in Supp. of his Mot. to Dismiss (“RB”), Dkt. 15 at 7–9. 5 Compl. ¶ 12. 6 Compl. ¶¶ 11, 13. 7 Compl. ¶¶ 11, 13. 8 Compl. ¶16; Compl., PX A (“OA”) at *1 (OA cover page, dated Sep. 1, 2023). 9 Compl. ¶¶ 18–20; OA, Ex. A (appendix titled “Members and Unit Ownership”).

–2– E. Section 15.3 of the Operating Agreement is a forum selection and

governing law provision.10 Section 15.3 requires that

[a]ny Proceeding arising out of or relating to [the Operating Agreement] or [2112 Group’s] activities or properties may be brought only in the Delaware Court of Chancery as provided in [Delaware Limited Liability Company Act], in the state courts of the county where [2112 Group’s] principal office is located, or if it has or can acquire jurisdiction, in the United States District Court for the district in which [2112 Group’s] principal office is located.

Each Member . . . irrevocably submits to the exclusive jurisdiction in any such Proceeding, waives any objection it may now or hereafter have to venue or to convenience of forum, agrees that all claims in respect of the proceeding shall be heard and determined only in any such court, and agrees not to bring any such Proceeding in any other court.11

F. On March 25, 2024, Defendant filed suit against Plaintiffs in

Texas (“Texas Action”).12 Defendant asserted claims for Breach of Contract

(related to the Operating Agreement and APA), Fraudulent Inducement,

10 See OA § 15.3. 11 OA § 15.3 (paragraph break added for readability). 12 See OB, DX 1 (“TX Compl.”) at subheadings A–G. The court may take judicial notice of documents whose contents are “capable of accurate and ready determination by resort to sources whose accuracy cannot reasonably be questioned.” D.R.E. 201(b). “If the accuracy of the subject document’s contents is disputed, the Court may take judicial notice to discern . . . what was said therein . . . but may not take judicial notice to establish the truth of its contents.” Indemnity Insur. Corp., RRG v. Cohen, 2018 WL 487246, at *1 (Del. Ch. Jan. 18, 2018).

–3– Breach of Fiduciary Duty, Conversion, Declaratory Judgment, Unjust

Enrichment, and to produce an accounting.13 Plaintiffs appeared and filed

responsive pleadings in the Texas Action.14

G. On August 2, 2024, Plaintiffs brought suit in Delaware. 15

Plaintiffs asserted similar claims, raising two counts for breaches of contract

against Defendant; one for breach of the Operating Agreement and one for

breach of the APA.16

H. Plaintiffs allege Defendant materially breached both agreements

by failing to transfer assets free and clear of liens and to satisfy his capital

contribution obligations. 17 Plaintiffs contend these acts justify Defendant’s

removal as a member of 2112 Group.18 They further argue that, although the

Operating Agreement did not expressly require Defendant to obtain lien

waivers, the obligation arises from the APA and the implied covenant of good

faith and fair dealing.19

13 See generally TX Compl. 14 See generally OB, DX 2 (“TX Ans.”). 15 See generally Compl. 16 See Compl. ¶¶ 64–95. 17 Compl. ¶¶ 21–61. 18 Compl. ¶ (b) (prayer for relief clauses); AB at 15, 22–26. 19 AB at 30–31. The Operating Agreement does not discuss lien waivers. See OA §§ 3.1, 14.1, Ex. A (capital contribution provisions). See also OB at 30–31; RB at 11–12.

–4– I. On October 11, Defendant filed his Motion to Dismiss or, in the

alternative, Motion to Stay this Action in lieu of answering under Court of

Chancery Rules 12(b)(1), 12(b)(3) and the first-filed rule, and 12(b)(6). 20

J. Defendant argues that the forum selection clause in the Operating

Agreement permits suit in jurisdictions other than Delaware21 and contends

the Court should dismiss this action in favor of the earlier-filed Texas action.22

Defendant also maintains that dismissal is proper under Court of Chancery

Rule 12(b)(6) because 2112 Group is not a party to the APA, which disclaims

third-party beneficiaries.23

K. On August 5, 2025, the Court held a hearing on Defendant’s

motion and took the motion under advisement. 24

IT IS ORDERED, this 19th day of November, 2025, that:

1. Defendant’s motion is GRANTED IN PART and DENIED IN

PART. This litigation is STAYED pending the final disposition of the Texas

Action.

20 See Dkt. 8; OB at 3. 21 OB at 19–20; RB at 2–4. 22 OB at 3. 23 OB at 28–31; RB at 9–10. 24 See Dkt. 22.

–5– 2. Defendant moved to dismiss the complaint under Court of

Chancery Rules 12(b)(1), 12(b)(3) and 12(b)(6).25 First, Defendant contends

that the Court should dismiss or stay this action under the first-filed rule.26

Next, Defendant asserts that Plaintiffs’ claims are overripe, which precludes

Plaintiffs from bringing their claims here.27 Finally, Defendant argues that

Plaintiffs failed to state a viable claim.28 Because I find that this action should

be stayed under the first-filed rule, I need not address Defendant’s other

contentions.

This action should be stayed under the first-filed doctrine.

3. Defendant argues that I should apply the Supreme Court’s

holding in McWane Cast Iron Pipe Corp. v. McDowell-Wellman Engineering

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Blue Pointer Gesture, LLC v. Samuel Schrade, Counsel Stack Legal Research, https://law.counselstack.com/opinion/blue-pointer-gesture-llc-v-samuel-schrade-delch-2025.