GI DI Rushmore Parent, LP v. Donald E Stoops, Jr.

CourtCourt of Chancery of Delaware
DecidedJune 10, 2026
DocketC.A. No. 2026-0505-JTL
StatusPublished

This text of GI DI Rushmore Parent, LP v. Donald E Stoops, Jr. (GI DI Rushmore Parent, LP v. Donald E Stoops, Jr.) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
GI DI Rushmore Parent, LP v. Donald E Stoops, Jr., (Del. Ct. App. 2026).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

GI DI RUSHMORE PARENT L.P.,

Plaintiff,

v. C.A. No. 2026-0505-JTL

DONALD E. STOOPS, JR.,

Defendant.

OPINION DENYING PRELIMINARY INJUNCTION

Date Submitted: May 22, 2026 Date Decided: June 10, 2026

Travis S. Hunter, Gabriela Z. Monasterio, RICHARDS, LAYTON & FINGER, P.A., Wilmington, Delaware; Jeremy Ben Merkelson, Patrick T. Wilson, DAVIS WRIGHT TREMAINE LLP, Washington, D.C.; Attorneys for Plaintiff. James D. Taylor, Jr., Allison M. Neff, SAUL EWING LLP, Wilmington, Delaware; John A. Basinger, SAUL EWING LLP, New York, New York; Attorneys for Defendant. LASTER, V.C. GI DI Rushmore Parent L.P. (“Holdco”) is a holding company controlled by a

private equity firm. Holdco owns 100% of the equity of non-party Clarity Telecom

LLC, which does business as Bluepeak.

Donald E. Stoops, Jr. has spent his life living and working in Oklahoma.

Bluepeak recruited Stoops to become its Vice President for New Market Activity.

Stoops resigned from his former employer and started working at Bluepeak based on

a term sheet that contemplated an equity award. Six weeks later, Bluepeak presented

Stoops with an Incentive Unit Grant Agreement (the “Unit Agreement”). The terms

were non-negotiable. He had two options: sign the Unit Agreement or relinquish the

equity that induced him to join Bluepeak. It was a take-it-or-leave-it deal.

The Unit Agreement contains restrictive covenants that would appear

customarily in an employment agreement. They include a competition restriction, a

personnel-solicitation restriction, a disparagement restriction, and a confidentiality

restriction. The covenants applied during Stoops’ employment and for two years

after.1

The Unit Agreement specifies that Delaware law governs its terms. The Unit

Agreement does not contain a Delaware forum selection provision, but it incorporates

by reference Holdco’s limited partnership agreement (the “Partnership Agreement”).

Holdco insists that the equity award constituted the consideration that 1

supports the covenants, yet the Unit Agreement allows Holdco to cancel the equity award if Stoops violates the covenants, at which point the covenants continue to apply. The Unit Agreement thus sets up a double-downside situation for Stoops in which he can lose the equity that justified the covenants even while the covenants continue to constrain him. That agreement contains a Delaware forum selection provision (the “Delaware Forum

Clause”).

Stoops never saw the Partnership Agreement. When presented with the Unit

Agreement, Stoops was not given a copy of the Partnership Agreement. Nor was he

told where he could find it. No one told him he could request it. He nevertheless asked

for it several times and was refused. He did not see the Partnership Agreement until

this litigation.

It turns out that Holdco treats the Partnership Agreement as confidential such

that only three C-suite executives have seen it. Unlike Stoops, at least one of those

C-suite executives had actual bargaining power. He used it to secure an employment

agreement that contracted around the Delaware Forum Clause, the Delaware choice-

of-law provision, and the standard-form restrictive covenants.

The Incentive Units are a form of incentive compensation. Oklahoma has a

significant interest in how businesses operating within its borders compensate

Oklahomans. Oklahoma likewise has a significant interest in the extent to which

businesses can impose restrictive covenants on Oklahomans. To protect its citizens,

Oklahoma has enacted legislation regulating restrictive covenants and restricting the

effectiveness of choice-of-law and choice-of-forum provisions.

Stoops resigned from Bluepeak and took a position with a competitor. Relying

on the Delaware Forum Clause in the never-before-revealed Partnership Agreement,

Holdco sued Stoops in Delaware. Stoops has no ties to Delaware except through the

Unit Agreement’s incorporation by reference of the never-before-revealed

2 Partnership Agreement and its Delaware Forum Clause. If the Delaware Forum

Clause cannot support this court’s exercise of personal jurisdiction over Stoops, this

action cannot proceed.

Holdco sought a preliminary injunction barring Stoops from working for his

new employer pending trial. That application is denied because Holdco has not

established a reasonable likelihood that this court can exercise personal jurisdiction

over Stoops.

Oklahoma law, not Delaware law, controls the employment-related features of

the Unit Agreement. Oklahoma law, not Delaware law, controls the extent to which

the Delaware Forum Clause can bind Stoops for purposes of enforcing the

employment-related features of the Unit Agreement. Under Oklahoma law, the

Delaware Forum Clause is invalid.

Assuming Delaware law applies, the court will not enforce the Delaware

Forum Clause on the facts presented. Parties can freely agree to incorporate

documents and other agreements by reference, and those incorporated materials can

contain a forum selection clause. But a party in Stoops’ position must receive the

incorporated materials, understand their contents, or be told clearly where they can

be found. That is particularly true for a contract of adhesion like the Unit Agreement.

Holdco is trying to enforce a secret forum selection clause. That is unreasonable.

Regardless of whether Oklahoma law or Delaware law applies, the Delaware

Forum Clause cannot support the exercise of personal jurisdiction over Stoops.

Holdco’s application is denied on that basis.

3 I. FACTUAL BACKGROUND

The facts are drawn from the record developed in connection with Holdco’s

application for a preliminary injunction.2 What follows are the facts as they are likely

to be found after trial, based on the current record. The court must attempt to predict

what the factual findings eventually will be. The findings of fact after trial may be

different.

A. Bluepeak and Holdco

Bluepeak is a Delaware company headquartered in Colorado that provides

fiber-optic services to residential and commercial customers in South Dakota,

Minnesota, North Dakota, Wyoming, Texas, and Oklahoma. Bluepeak does not

conduct business in Delaware.

Holdco claims to be “a single-purpose Delaware limited partnership formed to

hold and administer Bluepeak’s equity incentive plan.”3 That is not true. Holdco is a

holding company, controlled by a general partner affiliated with the private equity

firm GI Partners.4 Although the record on this issue is sparse, GI Partners appears

to have acquired a controlling interest in Bluepeak and used Holdco as one of the

entities in the ownership structure. Holdco is not a single-purpose vehicle for an

equity compensation plan. It is the holding company through which GI Partners

2 The parties helpfully numbered their exhibits in a single sequence. Citations

in the form “Ex. __” refer to those exhibits. Citations in the form “[Name] Dep. __” refer to deposition transcripts.

3 Dkt. 52 (“OB”) at 6.

4 The General Partner is GI DI Rushmore GP LLC. See Ex. 9 (“PA”).

4 controls Bluepeak. Holdco’s internal affairs are governed by the Partnership

Agreement.

The Partnership Agreement weighs in at 123 pages, without schedules or

exhibits. It is easily recognizable as the constitutive document that a private equity

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Petrowski v. Hawkeye-Security Insurance
350 U.S. 495 (Supreme Court, 1956)
National Equipment Rental, Ltd. v. Szukhent
375 U.S. 311 (Supreme Court, 1964)
The Bremen v. Zapata Off-Shore Co.
407 U.S. 1 (Supreme Court, 1972)
Edgar v. Mite Corp.
457 U.S. 624 (Supreme Court, 1982)
Burger King Corp. v. Rudzewicz
471 U.S. 462 (Supreme Court, 1985)
Stewart Organization, Inc. v. Ricoh Corp.
487 U.S. 22 (Supreme Court, 1988)
Carnival Cruise Lines, Inc. v. Shute
499 U.S. 585 (Supreme Court, 1991)
Blair & Co., Inc. v. Gottdiener
462 F.3d 95 (Second Circuit, 2006)
Eads v. Woodmen of the World Life Insurance Society
1989 OK CIV APP 19 (Court of Civil Appeals of Oklahoma, 1989)
Phillips v. Audio Active Ltd.
494 F.3d 378 (Second Circuit, 2007)
Ryan v. Gifford
935 A.2d 258 (Court of Chancery of Delaware, 2007)
Consolidated Realty Group v. Sizzling Platter, Inc.
930 P.2d 268 (Court of Appeals of Utah, 1996)
Sternberg v. O'NEIL
550 A.2d 1105 (Supreme Court of Delaware, 1988)
Graham v. State Farm Mutual Automobile Insurance
565 A.2d 908 (Supreme Court of Delaware, 1989)
Ingersoll-Rand Co. v. El Dorado Chemical Co.
283 S.W.3d 191 (Supreme Court of Arkansas, 2008)
Cantor Fitzgerald, L.P. v. Cantor
724 A.2d 571 (Court of Chancery of Delaware, 1998)
J.S. Alberici Construction Co. v. Mid-West Conveyor Co.
750 A.2d 518 (Supreme Court of Delaware, 2000)

Cite This Page — Counsel Stack

Bluebook (online)
GI DI Rushmore Parent, LP v. Donald E Stoops, Jr., Counsel Stack Legal Research, https://law.counselstack.com/opinion/gi-di-rushmore-parent-lp-v-donald-e-stoops-jr-delch-2026.