Gao v. Sinova Specialties, Inc.

2018 NCBC 51
CourtNorth Carolina Business Court
DecidedMay 29, 2018
Docket16-CVS-6709
StatusPublished

This text of 2018 NCBC 51 (Gao v. Sinova Specialties, Inc.) 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
Gao v. Sinova Specialties, Inc., 2018 NCBC 51 (N.C. Super. Ct. 2018).

Opinion

Gao v. Sinova Specialties, Inc., 2018 NCBC 51.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION MECKLENBURG COUNTY 16 CVS 6709

JIANXUN “BILL” GAO, individually, and derivatively on behalf of Sinova Specialties, Inc.,

Plaintiff,

v.

SINOVA SPECIALTIES, INC., a ORDER AND OPINION ON North Carolina Corporation; PLAINTIFF’S MOTION TO ENFORCE JOHANNES HECKMANN; MEDIATED MEMORANDUM OF YAN “ELLEN” LIU; NEW SHORE, UNDERSTANDING AND INC., a North Carolina Corporation, DEFENDANTS’ MOTION TO STRIKE

Defendants,

SINOVA SPECIALTIES, INC., a North Carolina Corporation,

Nominal Defendant.

1. THIS MATTER is before the Court on Plaintiff’s motion to enforce

mediated memorandum of understanding (the “Motion to Enforce”) and Defendants’

motion to strike the Affidavit of Andrew J. Enschedé (the “Motion to Strike”). For the

reasons set forth below, the Court DENIES the motions.

Brooks, Pierce, McLendon, Humphrey & Leonard, L.L.P., by Jeffrey E. Oleynik, Jessica Thaller-Moran, and Ryan C. Fairchild, and Greenberg Traurig, LLP, by Gabriel Aizenberg, Andrew J. Enschedé, and Lucia Marker-Moore, for Plaintiff.

Erwin, Bishop, Capitano & Moss, P.A., by Joseph W. Moss, Jr., for Defendant/Nominal-Defendant Sinova Specialties, Inc.

Essex Richards, PA, by Marc E. Gustafson, for Defendants Johannes Heckmann and New Shore, Inc. Higgins & Owens, PLLC, by Sara W. Higgins, for Defendant Yan “Ellen” Liu.

Robinson, Judge.

I. PROCEDURAL AND FACTUAL BACKGROUND

2. Plaintiff Jianxun “Bill” Gao (“Plaintiff” or “Gao”) filed his complaint on

April 8, 2016, (ECF No. 1), and an amended complaint on July 8, 2016, (ECF No.

56.1). The amended complaint asserts direct claims for judicial dissolution of

Defendant/Nominal-Defendant Sinova Specialties, Inc. (“Sinova”), inspection of

Sinova’s corporate records, breach of fiduciary duty, constructive fraud, and unjust

enrichment.1 (Verified Am. Compl. 37, 40, 43, 45, 47.) The amended complaint

asserts derivative claims on behalf of Sinova for breach of fiduciary duty, constructive

fraud, corporate waste, unjust enrichment, and breach of contract. (Verified Am.

Compl. 41, 44, 46−48.)

3. This action was designated as a mandatory complex business case by order

of the Honorable Mark Martin, Chief Justice of the Supreme Court of North Carolina,

dated April 11, 2016, (ECF No. 4), and assigned to the Honorable Louis A. Bledsoe,

III by order of Chief Business Court Judge James L. Gale dated April 14, 2016, (ECF

No. 5). This case was later reassigned to the undersigned by order dated July 5, 2016.

(ECF No. 54.)

1 The Amended Complaint also asserts a direct claim for corporate waste, which the

Court dismissed with prejudice by order and opinion dated December 21, 2016. (ECF No. 188.) 4. All Defendants answered the amended complaint. (ECF Nos. 97, 195, 215,

221.) Defendants Yan “Ellen” Liu (“Liu”), Johannes Heckmann (“Heckmann”), and

Sinova each assert counterclaims against Plaintiff for breach of contract and fraud.

(Liu’s Am. Countercls. 18, 20, ECF No. 268; Heckmann’s Am. Countercls. 18, 20, ECF

No. 267; Sinova’s Second Am. Countercls. 24, 26, ECF No. 266.) Sinova asserts

additional counterclaims for breach of fiduciary duty, constructive fraud, unfair and

deceptive trade practices, and unjust enrichment. (Sinova’s Second Am. Countercls.

22−23, 29−30.)

5. The parties participated in mediation on January 10, 2018, at which

Plaintiff, Liu, and Heckmann, and their respective counsel, executed a handwritten

document titled “Mediated MOU” (the “MOU”). (Aff. Andrew J. Enschedé ¶ 7, Ex. 3,

ECF No. 311; Aff. Sara W. Higgins ¶ 3, ECF No. 320; Aff. Joseph W. Moss, Jr. ¶ 2,

ECF No. 321.) The MOU provides as follows:

The parties agree to negotiate in good faith to reach a definitive agreement embodying payment up to $7.3 million to Gao as follows: 1. $2,000,000 upon execution (guaranteed) 2. $500,000 in 1/19 (guarantee [sic]) 3. Balance on non-guaranteed basis over 10 years from 2. [sic] based on Co. profit Gao returns shares Global resolution (including dismissals w [sic] prejudice of all litigation world [sic]) Mutual covenant not to compete or impair mutual obligations Mutual releases

(Enschedé Aff. Ex. 3.)

6. On January 11, 2018, the mediator, Jonathan R. Harkavy, advised the

Court by e-mail, with the parties’ consent, that the parties signed the MOU at mediation. (Enschedé Aff. Ex. 4.) Mr. Harkavy’s e-mail states, in part, that the

parties signed the MOU “that obligates them to negotiate in good faith definitive

documentation of an agreement embodying the overall financial terms to which they

assented during the mediation.” (Enschedé Aff. Ex. 4.) Neither Mr. Harkavy nor

counsel for the parties provided the Court with a copy of the MOU at that time.

7. In light of Mr. Harkavy’s e-mail, and without having reviewed the MOU,

on January 12, 2018, the Court e-mailed all counsel requesting that the parties either

jointly or unilaterally file a motion to stay. (Enschedé Aff. Ex. 5.)

8. On January 19, 2018, the parties filed a motion requesting a 45-day stay of

all proceedings and deadlines in this action in order to permit the parties to complete

their settlement negotiations and to reduce any final and binding settlement to

writing. (ECF No. 303.) On January 22, 2018, the Court granted the motion and

stayed all proceedings and deadlines to and including March 8, 2018. (ECF No. 304.)

9. On January 30, 2018, Gabriel Aizenberg (“Aizenberg”), counsel for Plaintiff,

e-mailed a draft settlement agreement to Defendants’ counsel. (Enschedé Aff. Ex. 6.)

The draft spanned approximately twenty-one pages and included the terms set forth

in the MOU and numerous other terms, some of which were open and required

further discussion. (See Enschedé Aff. Ex. 6.)

10. On February 2, 2018, Sara W. Higgins (“Higgins”), counsel for Liu,

responded to Aizenberg’s e-mail stating, in part, “I’d like to highlight some

outstanding substantive issues from the defense perspective to see if we can agree on

those, before we turn to the detailed review of the language itself.” (Enschedé Aff. Ex. 7.) The issues identified by Higgins pertained to Sinova’s common projects and

operating budget, the individual parties’ pursuit of non-common projects, clarification

of all pending litigation between the parties, the non-compete provision, the profit

measure on which the earn-out payments to Plaintiff were to be based, and the overall

payment schedule. (Enschedé Aff. Ex. 7.) With respect to the payment schedule,

Higgins stated that Defendants understood the agreed payment schedule to be $2

million upon execution of the agreement; $500,000 by January 31, 2019; and, by

January 31, 2020 and each year thereafter for a total of ten years, 30% of net profit.

(Enschedé Aff. Ex. 7.)

11. On February 5, 2018, Aizenberg and Andrew J. Enschedé (“Enschedé”), co-

counsel for Plaintiff, discussed all pending litigation with Higgins by telephone.

(Enschedé Aff. ¶ 42.)

12. On February 6, 2018, Aizenberg e-mailed Defendants’ counsel copies of the

lawsuits Plaintiff had filed in China and the proposed dismissal forms therefor.

(Enschedé Aff. Exs. 8−9.)

13. On February 28, 2018, Joseph W. Moss, Jr. (“Moss”), counsel for Sinova, e-

mailed Plaintiff’s counsel a revised draft settlement agreement. (Enschedé Aff. Ex.

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