Clark v. Burnette

2020 NCBC 7
CourtNorth Carolina Business Court
DecidedJanuary 28, 2020
Docket2019CVS8565
StatusPublished

This text of 2020 NCBC 7 (Clark v. Burnette) is published on Counsel Stack Legal Research, covering North Carolina Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Clark v. Burnette, 2020 NCBC 7 (N.C. Super. Ct. 2020).

Opinion

Clark v. Burnette, 2020 NCBC 7.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION WAKE COUNTY 19 CVS 8565

ANDREW CLARK,

Plaintiff, v. ORDER AND OPINION ON MOTION TO DISMISS JARED BURNETTE and JBAC PROPERTIES, LLC

Defendants.

THIS MATTER comes before the Court on Defendants Jared Burnette and

JBAC Properties, LLC’s (collectively, “Defendants”) Motion to Dismiss. (“Motion to

Dismiss,” ECF No. 13.)

THE COURT, after considering the Motion to Dismiss, the briefs in support of

and in opposition to the Motion to Dismiss, the arguments of counsel at the hearing,

and other appropriate matters of record, CONCLUDES that the Motion to Dismiss

should be DENIED for the reasons set forth below.

Barker Richardson, PLLC, by Ian Richardson, Esq. and Daniel T. Barker, Esq. for Plaintiff Andrew Clark.

Williams Mullen, by Caitlin M. Poe, Esq. and Camden R. Webb, Esq. for Defendants Jared Burnette and JBAC Properties, LLC.

McGuire, Judge.

I. PROCEDURAL BACKGROUND

1. Plaintiff Andrew Clark (“Clark”) initiated this action by filing his

Complaint on June 25, 2019. (ECF No. 3.) On July 26, 2019, this matter was designated as a complex business case (Designation Order, ECF No. 1) and assigned

to the undersigned (Assignment Order, ECF No. 2).

2. In the Complaint, Clark alleges: a claim against Jared Burnette

(hereinafter “Burnette”) for breach of contract (First Claim); in the alternative, a

claim against Burnette for quantum meruit (Third Claim); and in the alternative,

claims against both Burnette and JBAC Properties, LLC (hereinafter “JBAC”) for

declaratory judgment (Second Claim) and judicial dissolution pursuant to N.C.G.S. §

57D-6-02 (Fourth Claim). (“Complaint,” ECF No. 3.)

3. On August 20, 2019, Defendants filed the Motion to Dismiss (ECF No.

13) and a Memorandum in Support of Motion to Dismiss (ECF No. 14). On September

6, 2019, Clark filed a Response in Opposition to Defendants’ Motion to Dismiss. (ECF

No. 19.) Defendants did not file a reply brief.

4. The Court held a hearing on the Motion to Dismiss on October 29, 2019,

at which the Court heard oral arguments from counsel. The Motion to Dismiss is now

ripe for disposition.

II. FACTS

5. The Court does not make findings of fact on a motion to dismiss under

Rule 12(b)(6) of the North Carolina Rules of Civil Procedure (“Rules”), but only recites

those facts that are relevant to the Court’s determination of the Motion to Dismiss.

See, e.g., Concrete Serv. Corp. v. Inv’rs Grp., Inc., 79 N.C. App. 678, 681, 340 S.E.2d

755, 758 (1986). The Court may consider documents which are the subject of the

complaint and to which the complaint specifically refers, including the contract that forms the subject matter of the action. Oberlin Capital, L.P. v. Slavin, 147 N.C. App.

52, 60, 554 S.E.2d 840, 847 (2001). The facts relevant to determination of the Motion

to Dismiss are drawn from the Complaint and those documents referred to in the

Complaint.

6. Plaintiff Clark is a citizen and resident of Wake County, North Carolina.

7. Defendant Burnette is a citizen and resident of Wake County, North

Carolina.

8. On December 8, 2011, Clark and Burnette formed Defendant JBAC, a

North Carolina limited liability company. (ECF No. 3, at ¶¶ 3, 7.) Clark and Burnette

are the only members of JBAC. JBAC is in the business of owning and operating

rooming houses and other rental properties in Raleigh, North Carolina. (Id. at ¶ 21.)

9. Between December 8, 2011 and November 16, 2012, JBAC acquired 21

parcels of real property. (Id. at ¶ 9.)

10. On November 16, 2012, Clark and Burnette executed a written

operating agreement for JBAC (“Operating Agreement”). (Id. at ¶ 8; Operating

Agreement, ECF No. 14.1.) The Operating Agreement states that Clark is

“[p]rimarily responsible for Collections, Property Maintenance and day to day

operations,” and that Burnette is “[p]rimarily responsible for Acquiring, Financing,

and Strategic Direction of Investments.” (ECF No. 3, at ¶¶ 10–11; ECF No. 14.1, at

Art. 5.03(h).)

11. Article 13.04 of the Operating Agreement provides, in relevant part, as

follows: Jared Burnette . . . has taken on a greater amount of personal loans to purchase real property for the benefit of the Company as outlined on the attached Exhibit “A”. Andrew Clark . . . has also contributed capital to the Company as outlined in Exhibit “A”. . . . As Burnette has a greater upfront investment in the Company, Burnette and Clark agree that in the event Clark withdraws or is otherwise removed as a Member-Manager as described herein and/or the Company dissolves, then Clark shall be entitled to a share of the assets of the Company as described in paragraph Article 16 herein.

(ECF No. 14.1, at Art. 13.04.)

12. Article 16 of the Operating Agreement addresses the winding up,

liquidation, and distribution of assets upon the dissolution of JBAC. Article

16.03(b)(3) provides:

In the event Clark elects to dissolve [JBAC]: Burnette shall have at his sole election the rights to keep all existing real estate. In determining the amount to be allocated to Clark, the Members agree that Clark shall receive one-half (1/2) of the value of the properties listed on Exhibit “A” at the acquisition price (initial value) shown on Exhibit “A” (after deducting any and all liens or mortgage or Deeds of Trust that encumber the properties or any other debts of [JBAC]) and NOT of the current fair market value “FMV” of the properties at the time of the Withdrawel [sic] or Dissolution as described in this Operating Agreement.

(ECF No. 3, at ¶ 29; ECF No. 14.1, at Art. 16.03(b)(3).) Even though Article

16.03(b)(3) references a list of properties and their values that are supposedly

enumerated in Exhibit A, Exhibit A to the Operating Agreement is actually a

document purporting to list Clark and Burnette’s respective initial contributions to

and ownership units in JBAC—it does not list any properties or values. (ECF No. 3, at ¶¶ 30–31; ECF No. 14.1, at Ex. A.) The Operating Agreement does not have an

attachment listing any properties or values.

13. Despite the terms of Article 16.03(b)(3), Clark alleges that both before

and after executing the Operating Agreement, Burnette stated that he and Clark

were “50/50 partners” in JBAC. (ECF No. 3, at ¶¶ 18–20.) Burnette also stated that

he and Clark would “shar[e] in risk and gain” in JBAC. (Id. at ¶ 18.)

14. Clark “has devoted the majority of his time [ ] working” for JBAC since

February 2012. (Id. at ¶ 13.) Clark “has continuously performed his duties under

the [O]perating [A]greement by, amongst other things” leasing JBAC’s properties,

collecting rent from tenants, performing maintenance and repairs on JBAC’s

properties and arranging for outside vendors to provide maintenance and repairs

when needed, and providing a variety of services to tenants. (Id. at ¶ 12.)

15. On the other hand, Burnette “has devoted little effort to JBAC since

October, 2013 that has resulted in any tangible benefit to JBAC.” (Id. at ¶ 14.)

Burnette “has not caused JBAC to acquire property since 2013.” (Id. at ¶ 26.) As a

result, “JBAC is currently losing money,” “many of its properties are in need of

repair,” and “the business is not operating at capacity.” (Id. at ¶ 22.) Clark alleges

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