Fournier v. Flats Industrial, Inc.

CourtSuperior Court of Maine
DecidedOctober 15, 2018
DocketCUMbcd-cv-17-37
StatusUnpublished

This text of Fournier v. Flats Industrial, Inc. (Fournier v. Flats Industrial, Inc.) is published on Counsel Stack Legal Research, covering Superior Court of Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fournier v. Flats Industrial, Inc., (Me. Super. Ct. 2018).

Opinion

.,

STATE OF MAINE BUSINESS AND CONSUMER DOCKET Cumberland, SS LOCATION: Portland DOCKET NO. BCD-CV-17-37 /

BRIAN J. FOURNIER, ) ) Plaintiff, ) ) v. ) ORDER PARTIALLY GRANTING ) PLAINTIFF'S MOTION FOR FLATS INDUSTRIAL, INC. f/k/a ) SUMMARY JUDGMENT FLATS INDUSTRIAL RAILROAD ) CORPORATION, ) ) Defendant. )

Based on a one count Complaint filed in May 2017, this matter came before the Court

approximately eighteen months later upon the Motion for Summary Judgment filed by Plaintiff

Brian Fournier ("Fournier"). In its Memorandum of Law in Opposition, Defendant Flats

Industrial Railroad Corporation ("Flats") does not contest Fournier's right under 8 Del. C. § 220

to inspect information and documents responsive to 40 out of 4 7 specific requests. At oral

argument on October 11, 2018, the Court confirmed that despite resisting Fournier' s inspection

efforts for approximately a year and half, Flats was not contesting 40 out of 4 7 requests for

inspection. Accordingly, the Court ruled from the Bench on the uncontested portion of

Fournier's Motion, and issues this Order to memorialize the Court's ruling from the Bench.

As to the uncontested requests for inspection, the Court finds that the undisputed material

facts establish as a matter of law that Fournier is a stockholder of Flats, that Fournier complied

with all requirements of 8 Del. C. § 220 in making demand to inspect corporate documents, and that Mr. Fournier made the demand for a proper purpose, specifically to value his ownership

interest in Flats. 1

The Court further finds that undisputed material facts establish as a matter of law that the

records identified in the affidavit of Fournier's valuation expert, Vanessa Claiborne, as Request

Nos. 1-6, 8-26, 28, 30-35, 37-38, and 42-47 (the uncontested 40 requests) are essential and

sufficient to valuing Fournier's interest in Flats. The Court, however, takes under further

advisement the question whether the records identified in Ms. Claiborne's affidavit as Request

Nos. 7, 27, 29, 36, 39, 40 and 41 (the contested 7 requests) are likewise essential and sufficient to

valuing Mr. Fournier's interest in Flats.

Accordingly, the Court grants Fournier's motion for summary judgment, in part, and, in

part, reserves ruling on that motion. In addition, the Court reserves ruling on Fournier's request

for attorney fees and costs. The Court will issue an order addressing the issues on which it has

reserved ruling at a later date.

Section 220 provides that the Court in its discretion can prescribe conditions with

reference to inspection. 8 Del. C. § 220(c). Having found that Fournier is legally entitled to the

documents responsive to Request Nos. 1-6, 8-26, 28, 30-35, 37-38, and 42-47 in Ms. Claiborne's

affidavit, and given the umeasonable length of time it has taken Flats to announce it does not

contest 40 out of 47 inspection requests, the Court in its discretion further orders as follows:

1 At oral argument, although no( contesting inspection of the 40 requests F lats' counsel hedged somewhat with regard to proper purpose, saying that Flats had 'qualified" the tatement of Material Facts with regard to proper purpose. Defendant's Memorandum of Law in Opposition, however, does not challenge Foumier's proper puipose, and limits its attack to the permissible scope of inspection. Moreover Flats' attempted "qualification" by questioning whether Foumier's desire to value his shares is bona fide neither qualifies nor controverts Foumier's proper purpose. It is well established that a stockholder's desire to value his or her shares in a corporation is a proper purpose, regardless of the reasons. Mack/owe v. Planet Hollywood, 1994 Del. Ch. LEXIS 182, *12-14; CM & MGroup, 453 A.2d 788, 792-793.

2 I •

1. Flats shall prepare, ready, assemble, and make available for inspection by

Fournier and/or his counsel all records responsive to Request Nos. 1-6, 8-26, 28, 30-35,

37-38, and 42-47 by the close of business on November 1, 2018.

2. The records produced shall be organized in a readily accessible fashion - in

particular, the records shall be tabbed to respond to each individual request as numbered

in Ms. Claiborne's affidavit. For example, all records responsive to Request No. 1 shall

be organized and tabbed as responsive to Request No. 1.

3. Flats shall take all measures to ensure that it meets the Court's deadline including

retaining additional staff if necessary. No extension of the Court's deadline shall be

permitted except under extraordinary circumstances.

4. After reviewing the records produced by Flats, Fournier, through his counsel or

other designated representative, shall inform Flat's counsel which record he wishes to

have copied, including that he wishes all records to be copied. Flats is to make such

copies without any further request or delay.

5. Flats shall bear all costs of complying with this Order and shall not pass any costs,

including, but not limited to, any copying costs, along to Fournier.

6. The Court will not entertain any further objection from Flats to producing the

records responsive to Request Nos. 1-6, 8-26, 28, 30-35, 37-38, and 42-47.

7. Flats may not designate any of the records produced as confidential without

Fournier's consent.

8. Failure to strictly comply with this Order will expose Flats and its officers,

managers, and directors personally to being held in contempt by this Court and to the full

exercise of this Court's contempt powers.

3 Should Flats fail to comply with this Order in any respect, Fournier is directed to notify

the Court of that fact promptly, in response to which the Court will promptly schedule a show

cause hearing.

The Clerk shall incorporate this Order on the docket by reference pursuant to M.R. Civ.

P. 79(a).

SO ORDERED.

Date: Oct. 12, 2018.

Entered on the ocJ:et: _LO::.J..2:-.J_I'. Copies sent via Mail_ Electrnnlc Olly' ?'

4 STATE OF MAINE BUSINESS & CONSUMER DOCKET CUMBERLAND, ss. LOCATION: PORTLAND DOCKET NO. BCD-CV-17-37 ~

BRIAN J. FOURNIER, ) ) Plaintiff, ) ) v. ) ORDER GRANTING MOTION FOR ) SUMMARY JUDGMENT FLATS INDUSTRIAL, INC., ) f/k/a FLATS INDUSTRIAL ) RAILROAD CORPORATION, ) ) Defendant. )

This matter involves a single count for inspection of documents under

Delaware corporation law, 8 Del. C. § 220. Plaintiff Brian J. Fournier ("Fournier") is a

shareholder in Defendant Flats Industrial Railroad Corporation ("Flats"). Flats is a

Delaware corporation. In order to value his shares in Flats, Fournier seeks inspection

of information and documents described in forty-seven separately enumerated

requests. In response to Fournier's Motion for Summary Judgment, Flats indicated it

does not object to providing inspection in response to forty of the forty-seven

requests. Accordingly, on October 12, 2018, the Court issued a prior order governing

disclosure of information and documents responsive to the uncontested forty

requests. Flats does object to providing disclosures in response to seven of the forty­

seven requests, on the grounds that information and documents responsive to those

seven requests are not essential to valuing Fournier' shares.

1 Oral argument on Fournier's Motion for Summary Judgment was held on

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