Gilberg v. Power Architects Corp. CA6

CourtCalifornia Court of Appeal
DecidedFebruary 17, 2026
DocketH052611
StatusUnpublished

This text of Gilberg v. Power Architects Corp. CA6 (Gilberg v. Power Architects Corp. CA6) is published on Counsel Stack Legal Research, covering California Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Gilberg v. Power Architects Corp. CA6, (Cal. Ct. App. 2026).

Opinion

Filed 2/17/26 Gilberg v. Power Architects Corp. CA6 NOT TO BE PUBLISHED IN OFFICIAL REPORTS California Rules of Court, rule 8.1115(a), prohibits courts and parties from citing or relying on opinions not certified for publication or ordered published, except as specified by rule 8.1115(b). This opinion has not been certified for publication or ordered published for purposes of rule 8.1115.

IN THE COURT OF APPEAL OF THE STATE OF CALIFORNIA

SIXTH APPELLATE DISTRICT

LARRY GILBERG, H052611 (Santa Clara County Plaintiff and Appellant, Super. Ct. No. 20CV368701)

v.

POWER ARCHITECTS CORPORATION,

Defendant and Respondent.

Larry Gilberg, Alexander Kolchinsky, Alexander Mednik, and Mark Kesel all hold shares in Power Architects Corporation. The five parties arbitrated a complex dispute concerning the company. The arbitration resulted in an award that required Gilberg and Kolchinsky to pay Power Architects, declared that they held fewer shares than they claimed, and rejected their affirmative claims. Gilberg and Kolchinsky separately moved to vacate or correct the award and now separately appeal the trial court’s judgment confirming the award. Here, we will affirm the judgment against Gilberg. I. BACKGROUND A. Commencement and Consolidation of Arbitration In 2020, Gilberg commenced two actions against Power Architects, Mednik, and Kesel. In the first, Gilberg alleged that he was unlawfully terminated from Power Architects. In the second, Gilberg and Kolchinsky alleged claims for a declaration of shareholder rights, removal of directors, and injunctive relief. Gilberg withdrew his claims from the second action and Kolchinsky amended the complaint to assert only a claim for declaratory relief concerning his shareholder status. Power Architects, Mednik, and Kesel successfully moved to compel Gilberg to arbitrate his claims in the first action. Later, Mednik and Kesel successfully moved to compel Kolchinsky to arbitrate his claims in the second action. Three separate arbitration demands were submitted, one by Mednik and Kesel against Gilberg and Kolchinsky, one by Power Architects against Gilberg and Kolchinsky, and one by Gilberg against Power Architects, Mednik, and Kesel. The three demands generated a consolidated arbitration. After being compelled to arbitrate, Kolchinsky appeared in the arbitration as a respondent and additional counterclaimant. The arbitration was conducted by a three-judge panel of the American Arbitration Association (AAA). B. AAA’s Findings and Award1 Power Architects sells configurable and custom power supplies. Power Architects was founded by Gilberg and Mednik. Kolchinsky, Gilberg’s close friend, helped set up the business. Power Architects was first incorporated in Delaware in 1997 but reincorporated in California in 1998. Commencing in 1998, Gilberg, Mednik, and Kesel were all members of the Power Architects board. Gilberg was also the company’s Chief Executive Officer (CEO) and secretary from 1998 until February 2019, when Mednik and Kesel voted to remove Gilberg as a director and eliminated the CEO position. Mednik was the company’s president from its founding until December 2019. Kolchinsky served as a director to represent Gilberg’s interests from the date of Gilberg’s removal until 2021. In 2020,

1 We draw this background from the AAA award.

2 Power Architects reinstated the CEO position and appointed Vlad Pystin in that role. Pystin was not a shareholder. In 2021, Pystin replaced Kolchinsky on the board. Three successive shareholders’ agreements were entered in 1998, the “ ‘May Agreement,’ ” “ ‘July Agreement,’ ” and “ ‘August Agreement.’ ” The May Agreement, signed by Gilberg, Mednik, and Kolchinsky, allocated 45,000 shares each to Gilberg and Mednik and 10,000 shares to Kolchinsky. It appointed Gilberg as CEO, Mednik as president, and Kolchinsky as vice-president and secretary. The July Agreement, entered in conjunction with receipt of funding from three individuals comprising an investor group, identified five shareholders: Gilberg with 55,000 shares, Mednik with 45,000 shares, Kesel with 15,300 shares, Oleg Sagodeev with 15,300 shares, and Boris Kesil with 3,400 shares. The five identified shareholders signed the July Agreement. Kolchinsky was not mentioned in the July Agreement and did not sign it. The August Agreement was executed by the five signatories to the July Agreement. The August Agreement was substantially the same as the July Agreement, except that Gilberg and Mednik each were allocated 50,000 shares. The August Agreement made Gilberg and Mednik officers—for “as long as [each] remain[ed] a shareholder and perform[ed] faithfully, efficiently, and competently for the Corporation.” If they “cease[d] to be a shareholder in the Corporation” they were required to submit their “resignation as an officer when [they] transfer[ed] [their] shares.” As for governance of Power Architects, the August Agreement specified that “[t]he Shareholders shall control the Corporation and all its affairs and shall have proportionate rights in the management and conduct of Corporation investments and activities.” Although “[t]he CEO and the President shall be responsible for the day-to-day management and ministerial acts of the Corporation,” the August Agreement provided that “major decisions should be decided by majority vote.” But “if any action [is] taken at a meeting of the shareholders or directors of the Corporation by a vote of less than (76%) of the shareholders or directors,

3 as the case may be, the dissenting shareholder may require the Corporation or directors within 90 days either to” rescind the action or purchase the shares owned by the dissenter. Gilberg was responsible for Power Architects’ financial matters. In this capacity, “he actively engaged in schemes to avoid taxes and generate funds for himself and family members.” In that capacity, Gilberg unilaterally sold his shares back to Power Architects at self-determined prices but continued to distribute profits to himself as if he had retained all his shares. He did this without board knowledge or approval. In a lengthy interim award addressing numerous claims and counterclaims, AAA ruled that: (1) Gilberg retained only 2,445 shares of Power Architects stock; (2) Power Architects sustained over $1.4 million in compensatory damages based on three schemes: (a) Gilberg took dividends as though he had sold no shares back to Power Architects; (b) he inflated his own dividends by adding an unauthorized bonus; and (c) he caused Power Architects to pay his family members for work they did not perform; and (3) Power Architects was entitled to treble damages under Penal Code section 496, subdivision (c), bringing the total to almost $4.3 million. In the final award, AAA added awards for attorney fees, costs, arbitrator compensation, and AAA administrative fees. The total award is nearly $5.3 million. AAA also ordered Kolchinsky to pay Power Architects $35,786 in costs. C. Motions to Vacate and Appeal After arbitration, the two trial court cases were consolidated. Power Architects moved to confirm the AAA award. Gilberg and Kolchinsky separately moved to vacate and correct the awards. In a single order, the trial court granted Power Architects’ motion and denied the motions filed by Gilberg and Kolchinsky. The trial court entered judgment declaring that Gilberg retained only 2,445 Power Architects shares and awarding Power Architects almost $5.3 million from Gilberg, including prejudgment interest. Gilberg timely appealed.

4 II.

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Gilberg v. Power Architects Corp. CA6, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gilberg-v-power-architects-corp-ca6-calctapp-2026.