Fed Cetera LLC v. National Credit Services Inc

CourtCourt of Appeals for the Third Circuit
DecidedSeptember 27, 2022
Docket21-3037
StatusUnpublished

This text of Fed Cetera LLC v. National Credit Services Inc (Fed Cetera LLC v. National Credit Services Inc) is published on Counsel Stack Legal Research, covering Court of Appeals for the Third Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fed Cetera LLC v. National Credit Services Inc, (3d Cir. 2022).

Opinion

NOT PRECEDENTIAL

UNITED STATES COURT OF APPEALS FOR THE THIRD CIRCUIT _____________

No. 21-3037 _____________

FED CETERA LLC, A New Jersey limited liability company, Appellant

v.

NATIONAL CREDIT SERVICES, INC., A Washington Corporation ________________

On Appeal from the United States District Court for the District of New Jersey (Case No. 1-17-cv-02809) District Judge: Honorable Robert B. Kugler ______________

Submitted Pursuant to Third Circuit L.A.R. 34.1(a) September 23, 2022 _____________

Before: CHAGARES, Chief Judge, MCKEE, and PORTER, Circuit Judges

(Opinion filed: September 27, 2022) ____________

OPINION * _____________

* This disposition is not an opinion of the full Court and, pursuant to I.O.P. 5.7, does not constitute binding precedent. CHAGARES, Chief Judge.

At issue in this case is whether appellant Fed Cetera is owed a finder’s fee for a

federal contract between appellee National Credit Services (“National Credit”) and the

Department of Education. The District Court read the agreement to not require a fee and

granted summary judgment for National Credit. We will reverse for the reasons set forth

below.

I.

We write for the parties and recite only the facts necessary for disposition of this

case. National Credit is a debt collection agency. In 2010, National Credit entered into

an agreement with Net Gain, a consulting company, to help National Credit secure

federal contracts in debt collection. Net Gain later assigned its rights under the

agreement to Fed Cetera, a New Jersey limited liability company.

Net Gain helped National Credit to secure a subcontract with another collection

agency, for which Net Gain received a finder’s fee. Thereafter, the Department of

Education (“DOE”) invited National Credit to compete for a general contract with the

agency. National Credit and the DOE signed a contract in 2014, although National Credit

did not begin performing work on the contract until late 2016.

National Credit refused to pay Fed Cetera a finder’s fee for this contract, and Fed

Cetera filed a lawsuit in the District of New Jersey. National Credit argued that even

though it signed a contract with the DOE while the agreement with Net Gain/ Fed Cetera

2 was still in place, it did not become eligible to receive work orders or start performing

until after the agreement expired in 2016, and so the contract had not been

“consummated” for purposes of the agreement during the applicable period. The District

Court agreed and granted a motion for judgment on the pleadings for National Credit.

Fed Cetera appealed, and this Court reversed. See Fed Cetera, LLC, v. Nat’l

Credit Servs., Inc., 938 F.3d 466 (3d Cir. 2019). We held that the contract had been

“consummated” when it was formed in 2014 and remanded to the District Court for

further proceedings. Id. at 471, 473. On remand and after discovery, the court granted

summary judgment for National Credit, this time based on a different provision of the

agreement. Fed Cetera timely appealed.

II. 1

This agreement is governed by New Jersey law. In interpreting contracts, New

Jersey courts “consider the contractual terms, the surrounding circumstances, and the

purpose of the contract.” Marchak v. Claridge Commons, Inc., 633 A.2d 531, 535 (N.J.

1993). Where the “language of a contract is plain and capable of legal construction, the

language alone must determine the agreement’s force and effect.” Manahawkin

Convalescent v. O’Neill, 85 A.3d 947, 958–59 (N.J. 2014) (quotation marks omitted).

1 The District Court had jurisdiction under 28 U.S.C. § 1332, and we have appellate jurisdiction under 28 U.S.C. § 1291. We review the District Court’s grant of summary judgment de novo and apply the same standard as that court. See Nicini v. Morra, 212 F.3d 798, 805–06 (3d Cir. 2000). Summary judgment is appropriate if “there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law.” Fed. R. Civ. P. 56(a).

3 However, “[e]ven in the interpretation of an unambiguous contract, [courts] may consider

all of the relevant evidence that will assist in determining its intent and meaning.” Id. at

959 (quotation marks omitted).

The agreement between National Credit and Net Gain specifies that a finder’s fee

is owed whenever a “Fee Transaction is consummated.” Appendix (“App.”) 20. The

term “Fee Transaction” is further defined in two parts. First, a “‘Fee Transaction’ means

the consummation, with any Federal contractor, of any transaction related to ‘teaming’ or

‘subcontracting’ . . . during the Applicable Period.” App. 20. Second, and as relevant

here:

The term “Fee Transaction” also means the subsequent consummation of any contract with any Federal government agency for which [National Credit] has been invited to compete, and is later awarded a contract to perform, which both parties herein expressly agree shall have arisen due to any “teaming” or “subcontracting” engagement Finder may have facilitated in advance of any such award of a contract by a Federal government agency. Id.

We previously discussed the interaction of these clauses, explaining that “[t]o win

a student debt collection contract from the federal government, a debt collector typically

must follow a convoluted but – within the industry – well-known path.” Fed Cetera, 938

F.3d at 468. The company must first work as a subcontractor, and “[i]f that subcontract

goes well, then the company may have an opportunity to receive a direct federal contract

the next time around.” Id. With this background, we read the two clauses above to

provide that “Net Gain agreed to introduce National Credit to a federal contractor” in the

hopes of securing a subcontract with that contractor. Id. “That subcontract,” in turn

4 “could ultimately lead National Credit to win a direct federal contract of its own.” Id. In

such a case, “National Credit would owe Net Gain a 2.5% finder’s fee for both

contracts.” Id.

The District Court read the clause at issue to “unambiguously” require that in

order for Net Gain to earn a finder’s fee on a general contract between National Credit

and a federal agency, “said general contract must have arisen due to subcontracting or

teaming that Net Gain facilitated.” App. 7. The court went on, however, to analyze

whether Net Gain “facilitated” the general contract with the DOE and concluded that it

did not. This was not the proper inquiry. Requiring “facilitation” by Net Gain of the

general contract eliminates language from the clause and changes its meaning. Under the

plain language of the contract, and as explained by our previous decision in this case, the

inquiry should focus on whether the general federal contract has “arisen due to” the

previous subcontract facilitated by Net Gain. App.

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Related

Kampf v. Franklin Life Insurance
161 A.2d 717 (Supreme Court of New Jersey, 1960)
Kotkin v. Aronson
815 A.2d 962 (Supreme Court of New Jersey, 2003)
Marchak v. Claridge Commons, Inc.
633 A.2d 531 (Supreme Court of New Jersey, 1993)
Manahawkin Convalescent v. Frances O'neill (071033)
85 A.3d 947 (Supreme Court of New Jersey, 2014)
Nicini v. Morra
212 F.3d 798 (Third Circuit, 2000)
Fed Cetera LLC v. National Credit Services Inc
938 F.3d 466 (Third Circuit, 2019)

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Fed Cetera LLC v. National Credit Services Inc, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fed-cetera-llc-v-national-credit-services-inc-ca3-2022.