ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC and Jeffrey Allen, Inc.

CourtCourt of Chancery of Delaware
DecidedMarch 1, 2026
DocketC.A. No. 2026-0173-PAF
StatusPublished

This text of ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC and Jeffrey Allen, Inc. (ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC and Jeffrey Allen, Inc.) 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
ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC and Jeffrey Allen, Inc., (Del. Ct. App. 2026).

Opinion

COURT OF CHANCERY OF THE STATE OF DELAWARE PAUL A. FIORAVANTI, JR. LEONARD L. WILLIAMS JUSTICE CENTER VICE CHANCELLOR 500 N. KING STREET, SUITE 11400 WILMINGTON, DELAWARE 19801-3734

Date Submitted: February 26, 2026 Date Decided: March 1, 2026

Tyler J. Leavengood, Esquire Timothy Jay Houseal, Esquire Jaclyn C. Levy, Esquire Colin A. Keith, Esquire Charles P. Wood, Esquire Young Conaway Stargatt Megan R. Thomas, Esquire & Taylor, LLP Joshua S. Almond, Esquire Rodney Square Potter Anderson & Corroon LLP 1000 North King Street 1313 N. Market Street Wilmington, DE 19801 Hercules Plaza, 6th Floor Wilmington, DE 19801

Jason J. Rawnsley, Esquire Gabriela Z. Monasterio, Esquire Richards, Layton & Finger, P.A. One Rodney Square 920 North King Street Wilmington, DE 19801

RE: ECO Cap., Inc. v. Nivel Parts & Mfg. Co., LLC et al., C.A. No. 2026-0173-PAF

Dear Counsel:

This letter decision resolves plaintiff ECO Capital, Inc.’s (“ECO”) motion

challenging defendant Jeffery Allen, Inc.’s (“JAI”) designation of “Highly

Confidential” discovery material (the “Motion”). 1 The court grants the Motion. As

1 Dkt. 74. ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC, et al., C.A. No. 2026-0173-PAF March 1, 2026 Page 2 of 26

a result, all documents that JAI has designated as Highly Confidential shall lose that

designation and are deemed Confidential under the terms of the confidentiality order

governing this case.

I. FACTUAL BACKGROUND

This is a dispute over the sale and distribution of lithium golf cart batteries.

In 2023, defendant Nivel Parts & Manufacturing Co., LLC (“Nivel”) became the

exclusive wholesale distributor of ECO batteries. That arrangement is documented

in a “Distribution Agreement,” under which Nivel agreed to “not distribute or sell

another lithium battery primarily intended for use in” golf carts and other personal

transportation vehicles.2 Prior to its specified expiration date, the Distribution

Agreement allows either party to terminate the agreement without cause or for

cause.3 A termination without cause would become effective 180 days following

the delivery of a notice of termination.4 A termination for cause could be invoked

in the event of breach and a failure to cure within a specified period. A termination

for cause, which is available to a non-breaching party, is effective immediately.5

2 Dkt. 81 (“Am. Compl.”) Ex. 1 (“Distribution Agreement”) § 2.2. 3 Id. § 9.2. 4 Id. § 9.2(a). 5 Id. § 9.2(b)(ii). ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC, et al., C.A. No. 2026-0173-PAF March 1, 2026 Page 3 of 26

On September 24, 2025, Nivel notified ECO that it was terminating the

Distribution Agreement without cause. The termination notice acknowledged that

Nivel would continue to perform for another 180 days, through March 24, 2026.6

Unbeknownst to ECO at that time, Nivel had been negotiating to acquire ECO’s

competitor, Bolt Energy USA, LLC (“Bolt”), which sold batteries under the Bolt

label. On November 12, 2025, Nivel publicly announced that it had acquired Bolt

and that it would be selling Bolt batteries.

A. The Prior Litigation

On November 20, 2025, ECO filed suit in this court alleging Nivel breached

the Distribution Agreement and requesting an injunction to prevent Nivel from

selling Bolt batteries during the 180-day tail period.7 Later that evening, Nivel

purported to terminate the Distribution Agreement for cause, which Nivel claimed

was effective immediately, and relieved it from complying with the 180-day tail

period.8

After briefing and argument, the court granted ECO’s motion for a temporary

restraining order preventing Nivel from selling Bolt batteries. The court entered the

6 Am. Compl. ¶ 27. 7 See C.A. No. 2025-1356 (the “First Action”) Dkt. 1. 8 Am. Compl. ¶ 18. ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC, et al., C.A. No. 2026-0173-PAF March 1, 2026 Page 4 of 26

TRO on December 3, 2025, at 4:52 p.m.9 The TRO was conditioned on ECO posting

a $100,000 bond.10 ECO deposited the bond amount with the court the next morning

and filed a letter on the docket at 12:36 p.m. confirming that the bond requirement

had been satisfied.11 The parties then engaged in further expedited discovery and

briefing on ECO’s motion for a preliminary injunction. At the start of the December

12 hearing on that motion, the court informed the parties that it was scheduling a

trial for December 29–30, 2025. On December 16, 2025, the court granted ECO’s

motion for a preliminary injunction, having concluded that “absent an injunction,

the Defendant’s ability to sell Bolt batteries, which directly compete with ECO

batteries, will continue to cause harm” to ECO.12

B. The Settlement

On December 21, 2025, Nivel and ECO advised the court that they had

reached an agreement in principle to settle the litigation, and one day later, the court

granted the parties’ stipulated order to vacate the trial schedule.13 ECO and Nivel

executed their settlement agreement on New Year’s Eve (“Settlement Agreement”).

9 First Action Dkt. 22; Am. Compl. ¶ 21. 10 First Action Dkt. 22; see Am. Compl. ¶ 21. 11 First Action Dkt. 24; see Am. Compl. ¶ 21. 12 First Action Dkt. 112 at 45:18–23. 13 First Action Dkt. 102. ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC, et al., C.A. No. 2026-0173-PAF March 1, 2026 Page 5 of 26

It required ECO and Nivel to “continue to abide by the Distribution Agreement,” and

specified that:

Nivel and anyone acting on Nivel’s behalf, including its subsidiaries and affiliates, shall not distribute or sell any lithium batteries that were not manufactured by ECO and which are primarily intended for use in golf cars, personal transportation vehicles, and low-speed vehicles . . . through March 24, 2026, as contemplated by Section 2.2 of the Distribution Agreement.14

Nivel also agreed to pay ECO’s attorney’s fees in the litigation.15 The Settlement

Agreement contained mutual releases and an anti-reliance provision stating that:

THE PARTIES ACKNOWLEDGE THE CONTESTED AND ADVERSARIAL NATURE OF THE DISPUTE AND STIPULATE THAT IN EXECUTING THIS SETTLEMENT AGREEMENT THEY ARE NOT RELYING ON ANY REPRESENTATION BY ANY OTHER PARTY OR ITS AGENTS, REPRESENTATIVES, OR ATTORNEYS WITH REGARD TO (1) FACTS UNDERLYING THE DISPUTE; (2) THE SUBJECT MATTER OR EFFECT OF THIS SETTLEMENT AGREEMENT, AND (3) ANY OTHER FACTS OR ISSUES WHICH MIGHT BE DEEMED MATERIAL TO THE DECISION TO ENTER INTO THIS SETTLEMENT 16 AGREEMENT.

In accordance with the Settlement Agreement, ECO and Nivel filed a

stipulated order dissolving the preliminary injunction and dismissing each party’s

14 Am. Compl. Ex. 2 (“Settlement Agreement”) § 1.1(b). 15 Id. § 1.3. 16 Id. § 7.3. ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC, et al., C.A. No. 2026-0173-PAF March 1, 2026 Page 6 of 26

claims with prejudice.17 The court entered the stipulated judgment on January 6,

2026.18

C. The New Action

On February 12, 2026, ECO filed the present action, based upon information

that it learned after executing the Settlement Agreement. ECO claims that the

Settlement Agreement was the product of fraud and that Nivel has breached both the

Settlement Agreement and the Distribution Agreement. ECO also asserts that JAI,

a retail and wholesale distributor of Bolt batteries, conspired with Nivel to commit

fraud. Specifically, ECO alleges that in the lead up to Nivel’s acquisition of Bolt,

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ECO Capital, Inc. v. Nivel Parts & Manufacturing Co., LLC and Jeffrey Allen, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/eco-capital-inc-v-nivel-parts-manufacturing-co-llc-and-jeffrey-delch-2026.