Core Techs, Inc. v. Advanced Fraud Sols., LLC

2018 NCBC 46
CourtNorth Carolina Business Court
DecidedMay 10, 2018
Docket18-CVS-2523
StatusPublished

This text of 2018 NCBC 46 (Core Techs, Inc. v. Advanced Fraud Sols., LLC) 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
Core Techs, Inc. v. Advanced Fraud Sols., LLC, 2018 NCBC 46 (N.C. Super. Ct. 2018).

Opinion

Core Techs, Inc. v. Advanced Fraud Sols., LLC, 2018 NCBC 46.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION GUILFORD COUNTY 18 CVS 2523

CORE TECHS, INC.,

Plaintiff,

v. ORDER AND OPINION ON ADVANCED FRAUD SOLUTIONS, DEFENDANTS’ MOTION TO LLC; ALLEGACY SERVICES, LLC; DISMISS and PROFESSIONAL LEAGUE RESOURCES, INC. f/k/a CREDIT UNION SERVICES CORPORATION,

Defendants.

1. THIS MATTER is before the Court on Defendants’ Motion to Dismiss (the

“Motion”). Having considered the Motion, the briefs, and the arguments of counsel

at a hearing on the Motion1, the Court DENIES the Motion.

Brooks, Pierce, McLendon, Humphrey & Leonard, L.L.P., by Jennifer K. Van Zant, Clint S. Morse, and Jessica Thaller-Moran, for Plaintiff.

Spilman Thomas & Battle, PLLC, by Jeffrey D. Patton, Kevin B. Cartledge, Ashlee A. Webster, and Carrie M. Harris, for Defendants.

Robinson, Judge.

I. PROCEDURAL HISTORY

2. The Court sets forth here only those portions of the procedural history

relevant to its determination of the Motion.

1 At the hearing, the Court also heard arguments of counsel on Plaintiff’s motion for

summary judgment. The Court will issue a separate order and opinion on Plaintiff’s motion. 3. On November 30, 2017, Advanced Fraud Solutions, LLC (“AFS”), a

Defendant in this action, filed a Verified Complaint against Core Techs, Inc. (“Core

Techs”), Plaintiff in this action, in the Middle District of North Carolina, Case No.

1:17-cv-01080 (the “Federal Action”). (Defs.’ Br. Supp. Renewed Mot. Dismiss Ex. D

[“Fed. Compl.”], ECF No. 24.4.)

4. On January 8, 2018, Core Techs initiated this action against AFS, Allegacy

Services, LLC (“Allegacy”), and Professional League Resources, Inc. (“PLR”)

(collectively, the “Defendants”) by filing its Complaint. (ECF No. 3.) Core Techs filed

its First Amended Complaint on February 2, 2018. (ECF No. 13.)

5. This action was designated as a mandatory complex business case by order

of Chief Justice Mark Martin of the Supreme Court of North Carolina dated January

10, 2018, (ECF No. 1), and assigned to the undersigned by order of Chief Business

Court Judge James L. Gale that same day, (ECF No. 2).

6. On March 2, 2018, Defendants filed the Motion seeking dismissal of Core

Techs’s First Amended Complaint pursuant to Rules 12(b)(6) and 13(a) of the North

Carolina Rules of Civil Procedure and the prior pending action doctrine, contending

that Core Techs’s claims are compulsory counterclaims in the Federal Action and the

Federal Action abates this subsequently filed action by Core Techs. (ECF No. 23.)

7. Following full briefing on the Motion, the Court held a hearing on April 23,

2018. After the hearing, at the invitation of the Court, the parties filed supplemental

briefs on the issue of whether Core Techs’s claims are compulsory counterclaims under Rule 13(a) of the Federal Rules of Civil Procedure (“Federal Rule(s)”). (ECF

Nos. 38−39.)

8. The Motion is now ripe for resolution.

II. THE PARTIES

9. Core Techs is a North Carolina corporation with its principal place of

business in Forsyth County, North Carolina. (First Am. Compl. ¶ 2.)

10. Allegacy is a North Carolina limited liability company with its principal

place of business in Forsyth County, North Carolina. (First Am. Compl. ¶ 4.)

11. PLR is a North Carolina corporation with its principal place of business in

Wake County, North Carolina. (First Am. Compl. ¶ 5.)

12. AFS is a North Carolina limited liability company with its principal place

of business in Guilford County, North Carolina. (First Am. Compl. ¶ 3.) In 2007,

Core Techs, Allegacy, and PLR formed AFS for the purpose of marketing

TrueChecks® and TrueCards® fraud software programs to other credit unions. (First

Am. Compl. ¶¶ 6−7.) Core Techs owns a twenty percent interest in AFS, and Allegacy

and PLR each own a forty percent interest in AFS. (First Am. Compl. Ex. 1, at 16,

ECF No. 13.1.)

III. THE STATE ACTION

13. In this action, Core Techs alleges that Core Techs, Allegacy, and PLR

executed an Operating Agreement on July 25, 2007 (the “2007 Operating

Agreement”). (First Am. Compl. Ex. 1, at 15.) In the event a member wanted to

transfer its interest in AFS, section 11.4 of the 2007 Operating Agreement provided AFS with “a right of first offer” to purchase the member’s interest for a price equal to

the member’s capital account as adjusted for debits and credits then due. (First Am.

Compl. Ex. 1, § 11.4.) Further, section 12.2 of the 2007 Operating Agreement

provided that if a member dissociated from AFS, the dissociating member was

entitled to an amount equal to the value of the member’s capital account. (First Am.

Compl. Ex. 1, § 12.2b.)

14. Core Techs contends, and Defendants dispute, that sections 11.4 and 12.2

of the 2007 Operating Agreement were amended in 2012. (First Am. Compl.

¶¶ 26−27, Ex. 3, ECF No. 13.3.) According to Core Techs, section 11.4 was amended

such that AFS had a right of first offer to purchase the member’s interest for a price

equal to the confirmed offer by the proposed buyer, rather than to the amount of the

member’s capital account. (First Am. Compl. Ex. 3, § 11.4.) Core Techs further claims

that, pursuant to amended section 12.2, a dissociating member was entitled to an

amount equal to the fair market value of the member’s interest in AFS, rather than

to the amount of the member’s capital account. (First Am. Compl. Ex. 3, § 12.2b.)

15. By May 2017, the relationship between Core Techs, Allegacy, and PLR had

been irreparably strained. (First Am. Compl. ¶ 58.) From June 2017 through August

2017, discussions ensued between AFS and Core Techs regarding the purchase of

Core Techs’s interest in AFS; however, the parties were unable to reach an

agreement. (See First Am. Compl. ¶¶ 59−65.)

16. Core Techs alleges that in November 2017, Allegacy and PLR further

amended the Operating Agreement to strip Core Techs of the value of its interest in AFS. (First Am. Compl. ¶ 94.) Under the 2017 amendments, AFS’s right of first offer

and the rights of a dissociating member are substantially the same as they were

under the 2007 Operating Agreement. (See First Am. Compl. ¶ 80d, g.) Further,

under amended section 12.2g, the dissociation of a member is deemed to occur upon

a determination, by Super Majority consent of the Members, that a Member should be removed in the event there is a final judgment of a court of competent jurisdiction that the relevant Member is found to have breached this Agreement . . . or to have acted fraudulently, in bad faith or with gross negligence, and such loss, claim, damage, liability or action has resulted therefrom.

(First Am. Compl. Ex. 10, § 12.2g, ECF No. 13.10.)

17. In this action, Core Techs contends that Allegacy and PLR have attempted

to exercise their power as majority members of AFS to bully Core Techs into a bargain

sale of its interest in AFS. (First Am. Compl. ¶ 66.) Core Techs asserts claims against

AFS, Allegacy, and PLR for (1) breach of AFS’s Operating Agreement, (2) breach of

the duty of loyalty, (3) judicial dissolution of AFS, and, (4) alternative to its first three

claims, a claim for a declaratory judgment that the 2017 amendments to AFS’s

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