Elhulu v. Alshalabi

2021 NCBC 28
CourtNorth Carolina Business Court
DecidedApril 29, 2021
Docket20-CVS-12827
StatusPublished

This text of 2021 NCBC 28 (Elhulu v. Alshalabi) 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
Elhulu v. Alshalabi, 2021 NCBC 28 (N.C. Super. Ct. 2021).

Opinion

Elhulu v. Alshalabi, 2021 NCBC 28.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION MECKLENBURG COUNTY 20 CVS 12827

MARWAN ELHULU; KHALID ALNABULSI; and MOHAMMED SAQQA,

Plaintiffs, ORDER AND OPINION v. ON DEFENDANTS’ MOTIONS TO DISMISS FADEL ALSHALABI; OMNI HOLDING GROUP, LLC; and CRESTAR LABS, LLC,

Defendants.

1. This Order and Opinion addresses two motions to dismiss filed by the

defendants in this action. For the following reasons, the Court GRANTS in part

and DENIES in part each motion.

The Law Office of William L. Sitton, Jr., by William L. Sitton, Jr., for Plaintiffs Marwan Elhulu, Khalid Alnabulsi, and Mohammed Saqqa.

Parry Law, PLLC, by Jonah A. Garson and K. Alan Parry, for Defendants Fadel Alshalabi and Crestar Labs, LLC.

Jerry Meek, PLLC, by Gerald F. Meek, for Defendant Omni Holding Group, LLC.

Conrad, Judge.

I. BACKGROUND

2. The following background assumes that the allegations of the complaint are

true.

3. Marwan Elhulu, Khalid Alnabulsi, and Mohammed Saqqa (together,

“Plaintiffs”) claim that they were duped by Fadel Alshalabi to invest in his medical laboratory business. In 2016, Alshalabi began pitching them a plan to expand his

business through a company called Omni Holding Group, LLC (“Omni”). (See Compl.

¶ 14, ECF No. 3.) Alshalabi allegedly made a host of promises, including that their

“short-term” investments in Omni would earn substantial returns. (Compl. ¶¶ 15,

18, 19.) For example, at a meeting in January 2016, Alshalabi offered Plaintiffs and

others the opportunity to invest in Omni at $80,000 per share. (Compl. ¶ 15(a).) He

assured Plaintiffs that their entire investment would be repaid by the end of the year

and, moreover, that they would begin receiving distributions 1 of $15,000 per share

within six months. (See Compl. ¶ 15(b), (c).) Two months later, Alshalabi promised

that, for an additional $20,000 per share, Plaintiffs could also acquire an interest in

two other laboratory companies, Crestar Labs, LLC (“Crestar”) and Clio Laboratory,

LLC (“Clio”). (See Compl. ¶ 15(d), (e).) According to Plaintiffs, Alshalabi told them

“that the risk of loss was basically nonexistent and, at worst, no more than five

percent.” (Compl. ¶ 15(f).)

4. So Plaintiffs invested. Elhulu invested $500,000, and Alnabulsi and Saqqa

each invested $200,000. (See Compl. ¶ 16.) Their investments were supposed to

procure not only membership in Omni but also an interest in Crestar. (See Compl.

¶¶ 15(e), 17.) All told, Alshalabi allegedly raised $8.8 million from Plaintiffs and

others that year. (Compl. ¶ 32.) He then allegedly promised Plaintiffs that they

1 Plaintiffs’ complaint and briefs oscillate between the term “dividend” and “distribution,”

although context indicates that both terms mean the same thing. For consistency, the Court will use the term “distribution” throughout. would receive a distribution by the end of the year and that their investments would

be repaid in full by early 2017. (Compl. ¶ 18.)

5. According to the complaint, Alshalabi failed to live up to his promises. To

date, Plaintiffs have received only two distributions: one in April 2017 and another

in January 2018. (Compl. ¶ 19.) They have not received the full repayment of their

initial investments, let alone the regular returns they expected. (See Compl. ¶¶ 19,

26, 33, 36–38.)

6. Since investing, Plaintiffs have asked many times for documentation to

show how their funds have been used and to clarify their interests in the various

entities at play. (See Compl. ¶ 25.) But these requests were met with delays, vague

assurances, and then ultimately silence. At first, Alshalabi convened meetings with

Plaintiffs and other investors, promising that distributions and repayments were

imminent. (See, e.g., Compl. ¶¶ 26, 36, Ex. 4.) At one point, he told them that he had

used some of the funds to invest in Clio, but then he backtracked and said that they

no longer had any ownership interest in that company. (See Compl. ¶¶ 27, 30.) By

mid-2018, Alshalabi stopped meeting and communicating with Plaintiffs. (Compl.

¶ 35.)

7. Plaintiffs state that they have made “repeated attempts” to account for their

investments. (Compl. ¶ 34.) Eventually, they obtained legal counsel and made a

written demand on Alshalabi for financial statements and other documents for each

entity in which they might own an interest. (See Compl. ¶¶ 10, 31, Ex. 1.) Alshalabi,

Omni, and Crestar ignored the request. (Compl. ¶ 31.) 8. Now, Plaintiffs have brought this suit against Alshalabi, Omni, and Crestar

(together, “Defendants”). They seek a declaratory judgment to ascertain the extent

of their interests in Omni, Crestar, and Clio; to declare the validity of a document

that may be Omni’s operating agreement; and to ascertain what Defendants did with

Plaintiffs’ funds and whether Alshalabi has personally profited from them. (See

Compl. ¶¶ 44–49, Prayer for Relief.) They have also brought claims for accounting,

breach of contract, unfair or deceptive trade practices, and breach of fiduciary duty.

(Compl. ¶¶ 50–77.)

9. Omni has filed a motion to dismiss, (ECF No. 9), and Alshalabi and Crestar

have filed a joint motion to dismiss, (ECF No. 11). The motions have been fully

briefed, and the Court held a hearing on 4 March 2020. The motions are now ripe for

resolution.

II. LEGAL STANDARD

10. Defendants have moved to dismiss the complaint pursuant to Rules 12(b)(1),

12(b)(6), and 12(b)(7) of the North Carolina Rules of Civil Procedure.

11. Rule 12(b)(1) permits dismissal for lack of subject matter jurisdiction.

Subject matter jurisdiction is the “indispensable foundation upon which valid judicial

decisions rest, and in its absence a court has no power to act.” In re T.R.P., 360 N.C.

588, 590 (2006). Lack of subject matter jurisdiction necessitates dismissal at any

stage of litigation. See N.C. R. Civ. P. 12(b)(1), 12(h)(3); Azure Dolphin, LLC v.

Barton, 2017 NCBC LEXIS 90, at *13 (N.C. Super. Ct. Oct. 2, 2017), aff’d, 371 N.C. 579 (2018). When assessing its jurisdiction, the Court “may consider matters outside

the pleadings.” Harris v. Matthews, 361 N.C. 265, 271 (2007) (citations omitted).

12. Other issues before the Court are raised under Rule 12(b)(6) for failure to

state a claim. A Rule 12(b)(6) motion “tests the legal sufficiency of the complaint.”

Isenhour v. Hutto, 350 N.C. 601, 604 (1999) (citation and quotation marks omitted).

The motion should be granted only when “(1) the complaint on its face reveals that

no law supports the plaintiff’s claim; (2) the complaint on its face reveals the absence

of facts sufficient to make a good claim; or (3) the complaint discloses some fact that

necessarily defeats the plaintiff’s claim.” Corwin v. Brit. Am. Tobacco PLC, 371 N.C.

605, 615 (2018) (citation and quotation marks omitted).

13. In deciding a Rule 12(b)(6) motion, the Court must treat the well-pleaded

allegations of the complaint as true and view the facts and permissible inferences in

the light most favorable to the nonmoving party. See Sykes v. Health Network Sols.,

Inc., 372 N.C. 326, 332 (2019); CommScope Credit Union v. Butler & Burke, LLP, 369

N.C. 48, 51 (2016). But the Court need not accept as true any “conclusions of law or

unwarranted deductions of fact.” Wray v. City of Greensboro, 370 N.C. 41, 46 (2017)

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