Christopher Coelho v. Saul Wertzer

CourtCourt of Appeals of Georgia
DecidedJune 25, 2025
DocketA25A0045
StatusPublished

This text of Christopher Coelho v. Saul Wertzer (Christopher Coelho v. Saul Wertzer) is published on Counsel Stack Legal Research, covering Court of Appeals of Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Christopher Coelho v. Saul Wertzer, (Ga. Ct. App. 2025).

Opinion

THIRD DIVISION DOYLE, P. J., MARKLE and PADGETT, JJ.

NOTICE: Motions for reconsideration must be physically received in our clerk’s office within ten days of the date of decision to be deemed timely filed. https://www.gaappeals.us/rules

June 25, 2025

In the Court of Appeals of Georgia A25A0045. COELHO v. WERTZER.

DOYLE, Presiding Judge.

Saul Wertzer sued Christopher Coelho for specific performance and a

preliminary injunction regarding the sale of units of Coelho’s ownership interest in

Rent Recovery Solutions, LLC (“RRS”), to Wertzer. After the trial court entered an

order in favor of Wertzer on Coelho’s declaratory judgment counterclaim, Coelho

appealed, which appeal we initially dismissed.1 On motion for reconsideration, this

Court reinstated the appeal but directed the parties to brief the issue of whether

Coelho’s counterclaim was properly construed as a counterclaim for a declaratory

judgment such that the trial court’s order denying the counterclaim was directly

1 See Coelho v. Wertzer, Case No. A25A0045 (order dated Aug. 6, 2024). appealable while Wertzer’s claims remained pending below. For the reasons that

follow, we dismiss the appeal.

The record shows that RRS is a Georgia limited liability company, conducting

business subject to an Amended & Restated Member Restriction Agreement

(“Restriction Agreement”). RRS has outstanding 10,000 preferred units and 10,000

common units, of which Coelho owned 800 preferred units and 2,300 common units,

and of which Wertzer owned 5,225 preferred units and 4,400 common units. Collete

Peta, a third owner who is not a party to this litigation, owned 3,975 preferred units

and 3,300 common units.

The Restriction Agreement provided that owners could sell their units only

upon prior consent of RRS and the other owners or upon notice to RRS and the other

owners, giving them the opportunity to exercise the right of first refusal to purchase

the units. The right of first refusal provision stated that

[t]he Notice [of intention to sell units] shall contain and fully describe all terms and conditions of the proposed transfer by the [Selling] Member[,] shall also include the identity of the proposed transferee[,] . . . and shall constitute an offer from the Selling Member to sell all or a portion of his or her [u]nits . . . to the Company, or, if the Company declines to so

2 purchase, to the remaining Member on the terms and conditions stated in the Notice.

Additionally, the Restriction Agreement provided for a procedure for exercise

of the right of first refusal. The procedure provided that in the event RRS did not

exercise its right of first refusal, the non-selling members

shall have all the rights conferred upon [RRS] to purchase the Offered Interest and each Remaining Member shall have the right to purchase his or her pro rata portion of the Offered Interest (determined with reference to the number of [u]nits held by such Remaining Member relative to all of the [u]nits held by the Remaining Members). If there is only one electing Remaining Member, such Remaining Member shall be entitled to purchase, to the extent he or she so elects, all of the Offered Interest. . . .

In September 2023, Coelho provided notice to RRS and Wertzer that he

intended to sell his units to “Prescott Group, its subsidiary Dyck O’Neal, Inc. or other

affiliate” for the purchase price of $1,957,000. The notice contained a number of

conditions of sale, including that the sale was conditioned on the simultaneous

purchase of Peta’s units for $2,500,000. Pursuant to the Restriction Agreement, RRS

had 30 days to agree to purchase Coelho’s units, which it declined to do. This

triggered the “Remaining Members’ Option Period,” giving the remaining members 3 of RRS a 30-day period during which Wertzer contended that the remaining members

had to agree to purchase a pro rata amount of the selling member’s units, and Wertzer

notified Coelho that he was going to purchase his pro rata portion of Coelho’s units.

Wertzer calculated his pro rata portion of Coelho’s units to be 1,314.29 common units

and 457.14 preferred units (57.14% of the Offered Interest), and Wertzer notified

Coelho that he would purchase the units for $1,118,285.71 cash at a closing to be held

within 30 days. On November 8, Wertzer’s counsel provided Coelho with a simple

purchase agreement to be executed at a closing on November 15, but Coelho refused

to sell to Wertzer. Coelho contended that Wertzer had to agree to purchase all of his

units and agree to simultaneously purchase Peta’s units as stated in the notice.

Wertzer sued Coelho for breach of contract, requesting specific performance

of his pro rata percentage purchase of Coelho’s units, and he requested that the trial

court enter a preliminary injunction preventing Coelho from selling the shares to other

parties during the pendency of the litigation. Coelho answered and asserted

counterclaims for breach of contract, slander of title, and declaratory judgment.

Specifically, Coelho requested that the trial court declare:

a. The Notice of Right of First Refusal requires, as partial consideration, that any acceptance of an offer of his Offered Interest is expressly

4 conditioned contained therein, that is, that “Closing is Expressly conditioned on the simultaneous [c]losing of the purchase by the Proposed Transferee of all of [Peta]’s Units[;”]

b. The . . . Restriction Agreement requires . . . that in the event of a Member accepting the Right of First Refusal as an Offer, inter alia, that “[t]he purchase price of the Offered Interest and the terms and conditions of the sale of such offered interest shall be the same price, terms and conditions stated in the Notice, including the date for the closing of the sale and method of payment[; and”]

c. The p[ro]posed “acceptance” . . . is not a valid legally binding acceptance of an offer but is, to the contrary, a counteroffer not authorized by the . . . Restriction Agreement or the Notice of Right of First Refusal.

Wertzer moved to dismiss Coelho’s counterclaims for breach of contract and

slander of title. Prior to the hearing, Coelho voluntarily dismissed without prejudice

his claim for slander of title; at the hearing on the motion, Coelho voluntarily

dismissed his counterclaim for breach of contract. The trial court then heard argument

regarding Coelho’s claim for declaratory judgment. Thereafter, the trial court entered

judgment in favor of Wertzer on Coelho’s counterclaim for declaratory judgment,

finding that (1) Coelho improperly attempted to prevent Wertzer from exercising his

5 right of first refusal to purchase a pro rata percentage of Coelho’s units as allowed

through the Restriction Agreement through application of contract terms that were

not contained in the Restriction Agreement; and (2) the right-of-first-refusal provision

of the Restriction Agreement was “valid and enforceable.”

“This Court has a duty to raise the question of its jurisdiction in all cases in

which there may be any doubt regarding the existence of such jurisdiction.”2

OCGA § 5-6-34 (a) (1) authorizes direct appeals to be taken from all final judgments, that is to say, where the case is no longer pending in the court below. An order is considered a final judgment within the meaning of OCGA § 5-6-34

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