Douglas Coder & Linda Coder Family LLLP v. RNO Exhibitions, LLC

CourtDistrict Court, D. Nevada
DecidedOctober 9, 2020
Docket3:19-cv-00520
StatusUnknown

This text of Douglas Coder & Linda Coder Family LLLP v. RNO Exhibitions, LLC (Douglas Coder & Linda Coder Family LLLP v. RNO Exhibitions, LLC) is published on Counsel Stack Legal Research, covering District Court, D. Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Douglas Coder & Linda Coder Family LLLP v. RNO Exhibitions, LLC, (D. Nev. 2020).

Opinion

3 UNITED STATES DISTRICT COURT

4 DISTRICT OF NEVADA

5 * * *

6 DOUGLAS CODER & LINDA CODER Case No. 3:19-cv-00520-MMD-CLB FAMILY LLLP, 7 ORDER Plaintiff, 8 v.

9 RNO EXHIBITIONS, LLC, et al.,

10 Defendants.

11 12 I. SUMMARY 13 Plaintiff Douglas Coder and Linda Coder Family LLLP sued Defendants RNO 14 Exhibitions, LLC (“RNO”) and Vincent L. Webb (RNO’s alleged alter ego) after Plaintiff 15 lent some money to RNO, but RNO never repaid Plaintiff. (ECF No. 37 (“FAC”).)1 Before 16 the Court are Webb’s motion to dismiss all of Plaintiff’s claims against him (ECF No. 42), 17 and RNO’s motion to dismiss all but one of Plaintiff’s claims against it (ECF No. 43).2 As 18 further explained below, the Court will grant in part, and deny in part, Defendants’ motions 19 to dismiss. The Court finds Plaintiff sufficiently pleaded Webb is RNO’s alter ego, and that 20 Plaintiff’s breach of contract claims should procced against both Defendants. And while 21 the Court agrees with Defendants that Plaintiff’s breach of the implied covenant of good 22

23 1Defendants moved to dismiss and for a more definite statement as to Plaintiff’s initial complaint. (ECF Nos. 10, 11.) After those motions were fully briefed, Plaintiff filed a 24 motion for leave to file an amended complaint. (ECF No. 29.) Then, after a hearing before U.S. Magistrate Judge Carla L. Baldwin (ECF No. 32), the parties conferred and stipulated 25 to both allow Plaintiff to file an amended complaint, and Defendants to withdraw their motions (ECF No. 35). The Court granted the parties’ stipulation. (ECF No. 36.) Plaintiff 26 subsequently filed the FAC (ECF No. 37), which is now the operative complaint in this case. 27 2Plaintiff filed responses (ECF Nos. 46, 47), and Defendants filed replies (ECF 28 Nos. 52, 53). The parties subsequently stipulated to stay this case pending the Court’s resolution of these motions to dismiss (ECF No. 54), and the Court granted their 2 finds Plaintiff’s remaining claims should proceed. 3 II. BACKGROUND 4 The following allegations are adapted from the FAC. Defendant Webb sent Plaintiff 5 a business plan for RNO in 2014 representing RNO would be significantly profitable in 6 2015. (ECF No. 37 at 2-3.) Without correcting this rosy projection, Webb contacted 7 Plaintiff again in 2015, seeking a “short term bridge loan that was 80% funded and Over 8 Secured.” (Id. at 3 (internal quotation marks omitted).) Based on Webb’s representations, 9 Plaintiff entered into an “agreement entitled a ‘Term Sheet,’ which consisted of two parts: 10 a 2 Year Promissory Note, and a Buy/Sell Agreement” (collectively, the “Agreement”). 11 (Id.; see also ECF No. 37-1 (Agreement).) Webb signed the Agreement on RNO’s behalf, 12 and held himself out to both be an executive of RNO, and Plaintiff’s contact for any 13 questions. (ECF No. 37 at 3.) 14 RNO was supposed to repay Plaintiff the money Plaintiff lent RNO under the 15 Agreement, but RNO did not repay all of the money in the timeframe specified in the 16 Agreement. (Id. at 4.) RNO’s financial situation was much worse than Webb had 17 represented to Plaintiff. (Id.) If Plaintiff had known RNO’s true financial situation, it would 18 not have entered into the Agreement. (Id.) In filing this suit, Plaintiff wants its money back 19 from RNO and Webb, plus interest, and attorneys’ fees and costs. (Id. at 5-6.) 20 Plaintiff asserts six claims against Defendants: (1) breach of contract; (2) breach 21 of the covenant of good faith and fair dealing; (3) unjust enrichment; (4) accounting; (5) 22 intentional misrepresentation; and (6) alter ego—alleging that Webb is essentially 23 inseparable from RNO, so should be held equally as liable. (Id. at 6-12.) 24 III. LEGAL STANDARD 25 A court may dismiss a plaintiff’s complaint for “failure to state a claim upon which 26 relief can be granted.” Fed. R. Civ. P. 12(b)(6). A properly pleaded complaint must provide 27 “a short and plain statement of the claim showing that the pleader is entitled to relief.” 28 Fed. R. Civ. P. 8(a)(2); Bell Atlantic Corp. v. Twombly, 550 U.S. 544, 555 (2007). While 2 conclusions” or a “formulaic recitation of the elements of a cause of action.” Ashcroft v. 3 Iqbal, 556 U.S. 662, 678 (2009) (citing Twombly, 550 U.S. at 555). “Factual allegations 4 must be enough to rise above the speculative level.” Twombly, 550 U.S. at 555. Thus, to 5 survive a motion to dismiss, a complaint must contain sufficient factual matter to “state a 6 claim to relief that is plausible on its face.” Iqbal, 556 U.S. at 678 (quoting Twombly, 550 7 U.S. at 570). 8 In Iqbal, the Supreme Court clarified the two-step approach district courts are to 9 apply when considering motions to dismiss. First, a district court must accept as true all 10 well-pleaded factual allegations in the complaint; however, legal conclusions are not 11 entitled to the assumption of truth. See id. at 678. Mere recitals of the elements of a cause 12 of action, supported only by conclusory statements, do not suffice. See id. Second, a 13 district court must consider whether the factual allegations in the complaint allege a 14 plausible claim for relief. See id. at 679. A claim is facially plausible when the plaintiff’s 15 complaint alleges facts that allow a court to draw a reasonable inference that the 16 defendant is liable for the alleged misconduct. See id. at 678. Where the complaint does 17 not permit the Court to infer more than the mere possibility of misconduct, the complaint 18 has “alleged—but it has not show[n]—that the pleader is entitled to relief.” Id. at 679 19 (alteration in original) (internal quotation marks and citation omitted). That is insufficient. 20 When the claims in a complaint have not crossed the line from conceivable to plausible, 21 the complaint must be dismissed. See Twombly, 550 U.S. at 570. 22 IV. DISCUSSION 23 Defendant Webb moves to dismiss all six of the claims Plaintiff asserts against 24 him, and Defendant RNO moves to dismiss five of the six claims Plaintiff asserts against 25 it. (ECF Nos. 42, 43.) The Court thus addresses Defendants’ motions as to each of 26 Plaintiff’s six asserted claims below. The Court then addresses whether it will grant 27 Plaintiff leave to amend the claims it agrees with Defendants should be dismissed. 28 /// 2 While Webb seeks to dismiss this claim, RNO does not. (ECF Nos. 42 at 2-3, 43.) 3 Webb argues this claim should be dismissed because Plaintiff failed to identify a contract 4 Webb (as opposed to RNO) entered into, or actions he took to breach that contract 5 beyond otherwise alleging RNO is an alter ego of Webb. (ECF No. 42 at 2-3.) Plaintiff 6 responds it “plausibly alleged claims against Webb as an alter ego of RNO[.]” (ECF No. 7 47 at 3.) Webb replies that Plaintiff’s breach of contract claim against Webb must fail 8 because Plaintiff’s alter ego theory also fails. (ECF No. 53 at 2.) The Court thus addresses 9 the parties’ arguments regarding breach of contract and alter ego together—especially 10 considering that Plaintiff relies on its alter ego theory to bring its other claims against 11 Webb as well.

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Douglas Coder & Linda Coder Family LLLP v. RNO Exhibitions, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/douglas-coder-linda-coder-family-lllp-v-rno-exhibitions-llc-nvd-2020.