C-Suite Impact v. Treehouse Technology Group

CourtDistrict Court, D. Massachusetts
DecidedAugust 14, 2025
Docket1:24-cv-12640
StatusUnknown

This text of C-Suite Impact v. Treehouse Technology Group (C-Suite Impact v. Treehouse Technology Group) is published on Counsel Stack Legal Research, covering District Court, D. Massachusetts primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
C-Suite Impact v. Treehouse Technology Group, (D. Mass. 2025).

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS

) C-SUITE IMPACT, ) ) Plaintiff, ) ) v. ) ) No. 1:24-cv-12640-JEK TREEHOUSE TECHNOLOGY GROUP, ) PHILIP WESS, DARTON ROSE, and ) CHADWICK ROSE, ) ) Defendants. ) )

MEMORANDUM AND ORDER ON DEFENDANTS’ MOTION TO DISMISS

In this breach of contract action, plaintiff C-Suite IMPACT alleges that defendant Treehouse Technology Group refused to pay C-Suite a fee in accordance with the terms of the parties’ contract. Under the contract, C-Suite alleges, it served as a financial advisor to Treehouse in connection with a financial transaction between Treehouse and non-party Wolf and Company, P.C. C-Suite claims that Treehouse has impermissibly withheld the fee C-Suite earned for its work to facilitate that transaction. C-Suite also brings claims against Philip Wess, former Chief Executive Officer (“CEO”) of Treehouse; Darton Rose, former President of Treehouse; and Chadwick Rose, former Managing Partner of Treehouse. The defendants move to dismiss the complaint. They contend that the contract is unenforceable under Massachusetts law, because C-Suite acted as a broker-dealer in providing financial advice to Treehouse pursuant to the contract, but was not, at the time, registered with the Commonwealth as a broker-dealer. The defendants also contend that C-Suite’s unjust enrichment and quantum meruit claims are foreclosed by its other claims, and that its claim under M.G.L. c. 93A must be dismissed for failure to state a claim. For the reasons that follow, the motion will be granted in part and denied in part. Neither the contract nor the allegations in the complaint compel the conclusion that C-Suite was required to register as a broker-dealer, and the Court will not, accordingly, dismiss C-Suite’s claims on the basis that the contract was unenforceable. C-Suite’s allegations also adequately state a chapter 93A claim, but because C-Suite’s breach of

contract and chapter 93A claims afford it an adequate remedy at law, its unjust enrichment and quantum meruit claims will be dismissed. BACKGROUND The Court recounts the facts based on the allegations in the complaint and “the content of documents . . . sufficiently referenced in the complaint.” Bazinet v. Beth Israel Lahey Health, Inc., 113 F.4th 9, 15 (1st Cir. 2024). I. The Engagement Agreement. On September 7, 2023, C-Suite and Treehouse entered into an Engagement Agreement, pursuant to which C-Suite agreed to act as Treehouse’s “financial advisor” and “investment banker to consult with and advise” Treehouse on a possible transaction. ECF 1, ¶ 20; ECF 1-1, at 1 & ¶ 2.

The Agreement defined a “Transaction” as “any sale, transfer or conveyance of substantially all of the assets or ownership of [Treehouse], a [Treehouse subsidiary], or any division of either”; “any purchase of a business or any division thereof”; and “any merger, consolidation, strategic alliance, joint venture or other similar transaction involving [Treehouse] or any [s]ubsidiary.” ECF 1, ¶ 22; ECF 1-1, ¶ 3(b). Under the Agreement, C-Suite agreed to provide Treehouse the following services: (1) “reviewing [Treehouse’s] financial condition, operations, competitive environment, prospects and related matters for potential investors”; (2) preparing the information package or confidential information memorandum in conjunction with [Treehouse]”; (3) “soliciting, coordinating and evaluating indications of interest and proposals regarding a Transaction”; (4) “advising [Treehouse] as to the structure of a Transaction”; and (5) “providing such other financial advisory and investment banking services reasonably necessary to accomplish the foregoing.” ECF 1, ¶ 21; ECF 1-1, ¶ 2. In exchange for these services, Treehouse agreed to pay C-Suite a “Success Fee” if

Treehouse closed a Transaction, subject to certain conditions. ECF 1, ¶ 23. For Transactions executed with a “Referred Party,” the Success Fee would be 10% of the consideration in the Transaction for the first $2,000,000, and 6% of the consideration for amounts exceeding $2,000,000. Id. ¶ 24; ECF 1-1, ¶¶ 3(a)(i)(1), 5. A “Referred Party” was any entity or person “introduced by” C-Suite to Treehouse “as a potential acquirer” of Treehouse or any of its subsidiaries in a Transaction. ECF 1-1, ¶ 5. C-Suite would earn a Success Fee calculated at a lower percentage if Treehouse closed a Transaction with a company on Treehouse’s existing contact list, and no fee would be due if Treehouse consummated a deal with a company on its non-referred party list. Id. ¶¶ 3(a)(i)(2), 3(c). The Agreement stated that the Success Fee would be “due and payable immediately upon

the closing of the Transaction,” and that upon the consummation of any Transaction in which C-Suite was owed a Success Fee, Treehouse would provide C-Suite with “a copy of the Transaction document and a statement setting forth in detail the basis on which the Success Fee is calculated.” Id. ¶ 3(c). The “Term” of the Agreement was to last for twelve months, unless terminated upon thirty days’ advance notice. ECF 1, ¶ 25; ECF 1-1, ¶ 5. The twelve months following the Term was designated as the “Tail Period.” ECF 1, ¶ 26; ECF 1-1, ¶ 5. Treehouse agreed that if it entered into or consummated a Transaction with a Referred Party or a third party on Treehouse’s existing contact list during either the Term or Tail Period, it would pay C-Suite a Success Fee. ECF 1, ¶ 26; ECF 1-1, ¶ 5. II. The Parties’ Performance Under the Agreement. On November 16, 2023, C-Suite met with the CEO of Wolf and pitched the idea of a transaction between Treehouse and Wolf. ECF 1, ¶ 29. The next day, C-Suite and Wolf entered into a Mutual Confidentiality and Non-Disclosure Agreement to share information with Wolf regarding

a potential deal, and C-Suite introduced Treehouse CEO Philip Wess to Wolf’s CEO by email. Id. ¶¶ 30-31. Over the next four days, C-Suite sent Wolf more information about Treehouse, including “overview materials regarding [Treehouse’s] primary solution InsightOut, customer success stories, and a presentation regarding [Treehouse’s] focus on ‘Growth Opportunities for the Buyer.’” Id. ¶ 34. C-Suite also arranged a December 7, 2023 in-person meeting among C-Suite, Treehouse, and Wolf representatives in Boston. Id. ¶¶ 35-36. For this meeting, C-Suite provided Treehouse with an outline of topics and prepared the Treehouse principals. Id. ¶ 36. During the three months following the meeting, C-Suite continued to advise Treehouse on the merger and acquisition process, modeled potential deal frameworks, and facilitated discussions and in-person

meetings between Treehouse and Wolf. Id. ¶ 37. On February 29, 2024, C-Suite met with Wolf to discuss a potential framework for the transaction between Treehouse and Wolf, and then spent the following weekend building deal models and discussing them with Wolf. Id. ¶¶ 39-40. Through the first week of March 2024, C-Suite worked with Wolf on the “final parameters” of the deal, including the “401k plans, pensions, salaries and benefits, as well as other financial information in advance of circulating a finalized merger overview and pre-opening valuation.” Id. ¶ 41. C-Suite circulated the merger overview and pre-opening valuation to Wolf on March 6, 2024, and communicated with Wolf regarding its counterproposal. Id. ¶¶ 42-43. This work was done with Treehouse’s knowledge and consent, and at no time did Treehouse claim that Wolf was not a Referred Party under the Agreement between Treehouse and C-Suite. Id. ¶¶ 46-47; see ECF 1-1, Exhibit A, at 10-12 (Wolf not included on existing contact list); ECF 1-1, Exhibit B, at 13 (Wolf not included on non-referred party list).

On March 27, 2024, Treehouse sent a notice of termination to C-Suite. ECF 1, ¶ 44. At this point, the deal between Treehouse and Wolf was all but finalized. Id.

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C-Suite Impact v. Treehouse Technology Group, Counsel Stack Legal Research, https://law.counselstack.com/opinion/c-suite-impact-v-treehouse-technology-group-mad-2025.