First Horizon Corporation v. Karl Hoefer, ET AL.

CourtDistrict Court, M.D. Louisiana
DecidedMay 29, 2026
Docket3:26-cv-00182
StatusUnknown

This text of First Horizon Corporation v. Karl Hoefer, ET AL. (First Horizon Corporation v. Karl Hoefer, ET AL.) is published on Counsel Stack Legal Research, covering District Court, M.D. Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First Horizon Corporation v. Karl Hoefer, ET AL., (M.D. La. 2026).

Opinion

UNITED STATES DISTRICT COURT MIDDLE DISTRICT OF LOUISIANA

FIRST HORIZON CORPORATION CIVIL ACTION VERSUS

KARL HOEFER, ET AL. NO. 26-00182-BAJ-EWD

RULING AND ORDER

Before the Court is Plaintiff’s Application for Preliminary Injunction (Doc. 9). Plaintiff asks the Court to enjoin Defendants Karl Hoefer and DMMS Holdings LLC (“DMMS”) from recruiting employees of First Horizon through May 12, 2027. For the reasons stated herein, Plaintiff’s Motion is DENIED. I. FACTUAL BACKGROUND Defendant Hoefer was employed as Executive Vice President and Regional Manager at First Horizon Corporation (“Plaintiff”) from July 2020 until his resignation on December 30, 2025. (Doc. 1 ¶ 18; Doc. 9 at 2). This case addresses whether financial awards First Horizon gave Hoefer prohibit Hoefer and his new employer, DMMS, from recruiting First Horizon employees. Defendant Hoefer received and accepted various financial awards from First Horizon while in its employ. (Doc. 1 ¶ 20). These financial awards were provided through “Grant Notices” drafted by First Horizon. (Id. ¶ 21; Doc. 29 at 22). The Grant Notices list a Grant Date (the date the award was given to Defendant Hoefer), a Vesting Date (the date Defendant Hoefer would gain full ownership of the award), and the following language regarding the solicitation of First Horizon employees: [T]his award will be forfeited, or if already vested you must pay in cash to [First Horizon] the gross pre-tax value of this award measured at vesting, if during the restriction period applicable to this award . . . you, either on your own behalf or on behalf of any other person or entity, in any manner directly or indirectly solicit, hire, or encourage any person who is then an employee or customer of [First Horizon] or any and all of its subsidiaries or affiliates to leave the employment of, or to end, diminish, or move any of his, her, or its accounts or relationships with, [First Horizon] or any and all of its subsidiaries or affiliates. The restriction period for each portion of this award begins on the Grant Date and ends on the second anniversary of the applicable Vesting Date. (Doc. 1-1 at 1 (emphasis added)). The Grants Notices also contain a choice of law provision: This award is governed by the substantive laws of Tennessee, without regard to conflicts of laws principles.

(Id.). The Grant Notices provide that the restriction period begins on the Grant Date and ends on the second anniversary of the applicable Vesting Date. (Doc. 1-1 at 1). Under the terms of the most recent Grant Notices, the solicitation provision above applies through May 12, 2027. (Doc. 1 ¶¶ 24–27). Defendant Hoefer received a sum totaling over $1 million in financial awards from First Horizon through these Grant Notices. (Id. ¶ 28; Doc. 30 at 1). Shortly after his resignation from First Horizon on December 30, 2025, Defendant Hoefer began working for Defendant DMMS, a competitor of First Horizon (Doc. 1 ¶¶ 30–31). According to First Horizon, Defendant Hoefer began recruiting 2 First Horizon employees to DMMS as early as January 3, 2026. (Id. ¶ 46). First Horizon alleges that Defendants Hoefer and DMMS have formulated and exercised a scheme by which: a DMMS principal makes a brief initial phone call to a

targeted First Horizon employee to inform them of the opportunity to work for DMMS; the principal directs the First Horizon employee to call Hoefer for more information, with virtually all contact from that point on between Hoefer and the First Horizon employee; and once the employee calls Hoefer, Hoefer persuades the employee to work for DMMS by offering an above-market salary, bonuses, and other benefits. (Id. ¶ 36). As of February 2026, DMMS has recruited at least 27 employees from First Horizon. (Id. ¶ 17). Hoefer has not returned the Grant Notice financial

awards to First Horizon. (Doc. 21 at 16). First Horizon sent a letter to Defendant Hoefer in early January 2026 reminding him of the non-solicitation language contained in the Grant Notices. (Doc. 1 ¶ 36). First Horizon sent Defendant Hoefer a second similar letter in early February 2026. (Id. ¶ 53). In response to the second letter, Defendant Hoefer’s counsel sent First Horizon a letter denying that Defendant Hoefer solicited First Horizon’s

employees; rather, the letter states, First Horizon’s employees left of their own accord. (Id. ¶ 54). Defendants Hoefer and DMMS have agreed to pause recruitment efforts of First Horizon employees until the Court issues this Ruling. (Doc. 29 at 51).

3 II. PROCEDURAL HISTORY Plaintiff asserts multiple claims against Defendants in its Complaint. Specifically, Plaintiff’s Complaint alleges the following:

(1) Defendant Hoefer is actively breaching the non-solicitation agreement in bad faith in violation of Louisiana Civil Code article 1997 with the assistance of DMMS; (2) Defendant Hoefer, individually and as an agent of DMMS, is engaging in unfair methods of competition and unfair or deceptive acts or practices in the conduct of his business, in violation of the Louisiana Unfair Trade Practices Act (“LUTPA”);

(3) Defendant DMMS induced Defendant Hoefer to breach his contract, in violation of Tennessee common law and Tennessee Code Section 47-50-109; and (4) Defendants Hoefer and DMMS engaged in a civil conspiracy to violate LUTPA, in violation of Louisiana law. Plaintiff then brought the instant Application for Preliminary Injunction.

Plaintiff contends that it is substantially likely to prevail on the merits of two of the aforementioned claims: its bad faith breach of contract claim against Defendant Hoefer with the assistance of Defendant DMMS, and its LUTPA claim against Defendants Hoefer and DMMS. (Doc. 9-1 at 8, 11). The Magistrate Judge held a conference with the parties ahead of the hearing

4 to discuss a discovery schedule. (Doc. 20). At Defendants’ request, the parties stipulated that no expedited discovery for the Preliminary Injunction Application would be necessary if the Court ruled on the following narrow legal issue:

[Whether the] “Grant Notices,” which [First Horizon] contends restrict Hoefer from soliciting [First Horizon’s] employees, create an enforceable obligation on Hoefer to refrain from soliciting [First Horizon’s] employees. According to Defendants, this legal question is ripe for determination at the April 13, 2026 hearing as part of [First Horizon’s] burden to establish its entitlement to an injunction. If the Court finds that the Grant Notices create an enforceable non- solicitation obligation on Hoefer, Defendants will stipulate to an injunction, prohibiting Hoefer and DMMS from soliciting [First Horizon’s] employees, subject to Defendants’ right to appeal the ruling to the U.S. Fifth Circuit Court of Appeals.

(Id. at 2).

Defendants filed an Opposition to Plaintiff’s Application for a Preliminary Injunction and Plaintiff filed a Reply. (Doc. 21; Doc. 23). The Court held a hearing on the Application for Preliminary Injunction on April 13, 2026. (Doc. 28). The parties filed post-hearing briefing. (Doc. 30; Doc. 31). III. LEGAL STANDARD A. Preliminary Injunction. “A preliminary injunction is an extraordinary and drastic remedy; it is never awarded as of right.” Munaf v. Geren, 553 U.S. 674, 689–90 (2008) (internal citations and quotations omitted); see also Allied Mktg. Grp., Inc. v. CDL Mktg., Inc., 878 F.2d 806, 809 (5th Cir. 1989) (preliminary injunctive relief “is an extraordinary remedy and should be granted only if the movant has clearly carried the burden of persuasion with respect to all four factors”); Miss. Power & Light Co. v.

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Bluebook (online)
First Horizon Corporation v. Karl Hoefer, ET AL., Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-horizon-corporation-v-karl-hoefer-et-al-lamd-2026.