Curonix LLC v. Laura Tyler Perryman

CourtCourt of Chancery of Delaware
DecidedJanuary 30, 2026
DocketC.A. No. 2019-1003-BWD
StatusPublished

This text of Curonix LLC v. Laura Tyler Perryman (Curonix LLC v. Laura Tyler Perryman) 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
Curonix LLC v. Laura Tyler Perryman, (Del. Ct. App. 2026).

Opinion

COURT OF CHANCERY OF THE STATE OF DELAWARE BONNIE W. DAVID COURT OF CHANCERY COURTHOUSE VICE CHANCELLOR 34 THE CIRCLE GEORGETOWN, DE 19947

Date Submitted: January 8, 2026 Date Decided: January 30, 2026

Matthew F. Davis, Esq. Laura Tyler Perryman Justin T. Hymes, Esq. c/o Hazelton SFF BOP Potter Anderson & Corroon LLP PO Box 3000 1313 N. Market St. Bruceton Mills, WV 26525 Wilmington, DE 19801

RE: Curonix LLC v. Laura Tyler Perryman, C.A. No. 2019-1003-BWD

Dear Counsel and Litigants:

This letter opinion resolves Ms. Perryman’s motion to dismiss the operative

second amended complaint in this action. For the reasons explained below, the

motion is denied.

I. BACKGROUND1

A. Perryman Founds Stimwave And Then Later Resigns As CEO. In 2010, defendant Laura Tyler Perryman founded Stimwave Technologies

Incorporated (“Stimwave” or the “Company”), a Delaware corporation, to develop,

manufacture, and commercialize neurostimulators that treat patients suffering from

1 The following facts are taken from the Verified Second Amended and Supplemented Complaint (the “Second Amended Complaint”) and the exhibits attached thereto. Verified Second Am. and Suppl. Compl. [hereinafter SAC], Dkt. 642. Curonix LLC v. Laura Tyler Perryman, C.A. No. 2019-1003-BWD January 30, 2026 Page 2 of 16

chronic pain. SAC ¶¶ 10, 19–20. In 2013, Perryman also founded several other

entities that operated as subsidiaries in the Company’s corporate structure, including

Micron Devices, LLC (“Micron”), a Delaware limited liability company, and StimQ

Medical LLC (“StimQ”), a Bahamian entity. Id. ¶¶ 18, 20. Perryman caused the

Company to transfer patents and other intellectual property (“IP”) to Micron, which

then licensed the IP back to the Company and StimQ under certain contracts. Id.

¶ 21.

On March 25, 2018, on behalf of the Company’s subsidiaries, Perryman

executed the Stimwave Technologies Incorporated Contribution Agreement (the

“Contribution Agreement”), under which Micron transferred its ownership interests

in StimQ to the Company. Id. ¶ 31; id., Ex. A. Then, on December 31, Perryman

orchestrated additional equity transfers that increased the Company’s ownership

stake in StimQ through another agreement (the “Security Exchange Agreement”).

SAC ¶¶ 34–35; id., Ex. B. Because some of the subsidiaries that executed the

transfers under the Contribution Agreement and the Security Exchange Agreement

are organized under Bahamian law, certain administrative documents were required

to effectuate them (the “Bahamian Registration Documentation”). See SAC ¶ 131. Curonix LLC v. Laura Tyler Perryman, C.A. No. 2019-1003-BWD January 30, 2026 Page 3 of 16

To consolidate the Company’s corporate structure, Perryman caused Micron

to assign its IP and related contracts to the Company in late 2018 and early 2019,

signing several patent and asset assignments on behalf of Micron and the Company

(the “Micron Assignment Agreements”). Id. ¶¶ 40–42, 47; id., Exs. C–D, H; see id.,

Ex. G at 28. After the Micron Assignment Agreements, Micron served no remaining

purpose, and on December 28, 2018, Perryman executed and filed a Certificate of

Cancellation for Micron with the Delaware Secretary of State. SAC ¶ 43; id., Ex. E.

Less than a year later, in October 2019, the Company received a civil

investigation demand from the United States Department of Justice. SAC ¶ 55. In

response to the demand, the Company undertook an internal investigation into

allegations that Perryman improperly used Company assets and hid these activities

by ordering accounting staff to forge invoice references on customers’ checks. Id.

¶¶ 55–59. On November 14, the Company’s board of directors placed Perryman on

leave, after which she resigned as CEO. Id. ¶¶ 62–63, 73; id., Ex. M.

After her resignation, Perryman allegedly engaged in a series of actions to

undermine the Company and take back control. For example, Perryman advanced

“a false narrative that Micron [] never transferred” its IP to the Company.

SAC ¶ 79. To facilitate this narrative, Perryman filed a Certificate of Correction for

Micron’s Certificate of Cancellation with the Delaware Secretary of State, which Curonix LLC v. Laura Tyler Perryman, C.A. No. 2019-1003-BWD January 30, 2026 Page 4 of 16

purported “to render the Certificate of Cancellation ‘null and void’ on the basis that

‘[d]ue to a clerical error, [Micron] was voluntarily cancelled when it should not have

been.’” Id. ¶ 84. Perryman then purported to cause Micron to assign the IP

previously assigned to the Company to a different entity. Id. ¶¶ 89–92.

B. The Company And Perryman Engage In Protracted Litigation Across Multiple Courts.

On December 16, the Company initiated this action through the filing of a

Verified Complaint (the “Initial Complaint”), alleging claims against Perryman, her

husband Gary Perryman, Micron, and Stimguard Medical Corporation. Verified

Compl. [hereinafter Initial Compl.] ¶¶ 186–222, Dkt. 1.

The Company amended the Initial Complaint on February 21, 2020 (the “First

Amended Complaint”), adding additional defendants. Verified Am. Compl.,

Dkt. 88. On March 6, the defendants, including Perryman, filed an answer and

counterclaims, which they amended on July 21 and August 28.2

On December 7, Perryman caused Micron to initiate bankruptcy proceedings

in the United States Bankruptcy Court for the Southern District of Florida (the

2 Defs.’ Answer to the Verified Am. Compl. and Verified Countercls. [hereinafter Countercls.], Dkt. 106; Defs.’ Answer to the Verified Am. Compl. and Am. Verified Countercls., Dkt. 166; Defs.’ Answer to the Verified Am. Compl. and Second Am. Verified Countercls. [hereinafter Second Am. Countercls.], Dkt. 257. Curonix LLC v. Laura Tyler Perryman, C.A. No. 2019-1003-BWD January 30, 2026 Page 5 of 16

“Micron Bankruptcy”). SAC ¶ 111; Suggestion of Bankr., Dkt. 395; see In re

Micron Devices LLC, Case No. 20-23359 (LMI) (Bankr. S.D. Fla.). Following an

evidentiary hearing, on May 20, 2021, the United States Bankruptcy Court for the

Southern District of Florida approved a settlement among the Company, creditors,

and the bankruptcy trustee which provided that (among other things) the

Contribution Agreement and the Micron Assignment Agreements were valid and

enforceable agreements (the “Settlement Approval Order”). SAC ¶ 114.3

On June 15, 2022, the Company initiated bankruptcy proceedings in the

United States Bankruptcy Court for the District of Delaware. See In re Stimwave

Tech. Inc., et al., Case No. 22-10541 (KBO) (Bankr. D. Del.); SAC ¶ 124. Perryman

continued to assert that the Contribution Agreement and the Micron Assignment

Agreements were unenforceable such that the Company did not own the IP it

claimed, nor the ownership interests in StimQ. SAC ¶¶ 124–25. On September 30,

the United States Bankruptcy Court for the District of Delaware approved an Asset

Purchase Agreement (the “APA”) under which the Company sold assets to Curonix

LLC (“Plaintiff”), a Delaware limited liability company, over an objection by an

3 Perryman opposed the Settlement Approval Order, and the United States Bankruptcy Court for the Southern District of Florida later sanctioned her “bad faith conduct,” which included “frivolous and baseless pleadings.” SAC ¶¶ 116–18. Curonix LLC v. Laura Tyler Perryman, C.A. No. 2019-1003-BWD January 30, 2026 Page 6 of 16

entity controlled by Perryman. Id. ¶ 126.

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Bluebook (online)
Curonix LLC v. Laura Tyler Perryman, Counsel Stack Legal Research, https://law.counselstack.com/opinion/curonix-llc-v-laura-tyler-perryman-delch-2026.