Hancock Park Capital, III, L.P. v. Locke Lord, L.L.P.

87 Va. Cir. 99, 2013 Va. Cir. LEXIS 163
CourtMartinsville County Circuit Court
DecidedSeptember 13, 2013
DocketCase No. CL 13-126
StatusPublished

This text of 87 Va. Cir. 99 (Hancock Park Capital, III, L.P. v. Locke Lord, L.L.P.) is published on Counsel Stack Legal Research, covering Martinsville County Circuit Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Hancock Park Capital, III, L.P. v. Locke Lord, L.L.P., 87 Va. Cir. 99, 2013 Va. Cir. LEXIS 163 (Va. Super. Ct. 2013).

Opinion

By Judge G. Carter Greer

In this legal malpractice action, Hancock Park Capital, III, LP (“Hancock Capital” or “plaintiff’), which is the grandparent entity of American of Martinsville, Inc. (“AMI”) and Barcolounger Corporation (“BC”) (collectively “the subsidiaries”), alleges that Locke Lord, L.L.P. (“Locke Lord” or “defendant”), a law firm that the subsidiaries retained in connection ' with their bankruptcy and restructuring, was negligent by failing properly to advise Hancock Capital of the requirements of the Worker Adjustment and Retraining Notification Act (“WARN Act”), 29 U.S.C. §§2101, et seq. Specifically, the plaintiff avers that, “[a]s Locke Lord held itself out as being competent to practice in the area of labor and employment law, Locke Lord knew, or should have known, that, under the WARN Act, Hancock Capital had potential liability as under a ‘single employer’ theory____” Complaint, ¶ 38. The plaintiff further alleges that the defendant “did not offer any advice as to the specific requirements for a WARN Act notice in order to bring it in under the ‘faltering company’ or the ‘unforeseen circumstances’ exceptions to the sixty day notice requirement,” Complaint, ¶ 69, and that, “[sjince Locke Lord did not advise that WARN notices be issued, no WARN Act notices were issued at the time of the plant closure on April 16, 2010.” Complaint, ¶ 71. The plaintiff further alleges that, as a result of the failure to give a legally sufficient WARN Act notice, displaced workers filed a class action lawsuit against Hancock Capital, which eventually settled the case for the sum of $429,992.34, excluding attorney’s fees of $262,429.04. In the alternative, the plaintiff pleads that, “[bjecause Hancock Capital, as the 100% owner of the [subsidiaries was the only party that stood to gain or lose from [the efforts to recapitalize and/or liquidate the subsidiaries], Hancock Capital was clearly and definitely intended to be a third-party beneficiary of the retention agreement....” Complaint, ¶ 85.

[100]*100The defendant has filed a motion craving oyer of the retention agreement (“retention agreement” or “engagement agreement”) between Locke Lord and the subsidiaries. Since the plaintiff does not oppose the motion craving oyer, the court grants the motion and will consider the retention agreement in ruling on the demurrer. See Ward’s Equipment v. New Holland North Am., 254 Va. 379, 382, 493 S.E.2d 516 (1997) (“When a demurrant’s motion craving oyer has been granted, the court in ruling on the demurrer may properly consider the facts alleged as amplified by any written agreement added to the record on the motion.”).

The defendant has also filed a demurrer asserting that, “[a]s evidenced by the [engagement [agreement, Locke Lord did not have an attorney-client relationship with Hancock Capital,” and that “Hancock Capital is not identified, expressly or impliedly, in the [engagement [ajgreement as being a client of Locke Lord.” Demurrer, ¶ 3.

Citing various rules of professional conduct, the defendant further states that “[t]he mere fact that Hancock Capital (a) is the corporate grandparent of AMI and BC, (b) alleges that it paid Locke Lord’s fees on behalf of AMI and BC, and (c) has its officers on the boards of directors of AMI and BC does not create an attorney-client relationship between Locke Lord and Hancock Capital.” Demurrer, ¶ 4. The defendant implies in its memorandum that, under the Rules of Professional Conduct, a lawyer may not simultaneously represent a corporation and its constituents. Reply Memorandum in Support of Demurrer at 3. It is true that “[a] lawyer employed or retained by an organization represents the organization acting through its duly authorized constituents.” See Va. R. Prof. Conduct 1.13(a). However, Rule 1.13(e) states that “[a] lawyer representing an organization may also represent any of its directors, officers, employees, members, shareholders, or other constituents, subject to the provisions of Rule 1.7.”

In addition, the defendant points to the facts of the subsidiaries’ bankruptcy cases: (1) that Locke Lord performed a conflicts check in which it “determined that it did not currently represent and had not previously represented Hancock Capital,” (2) and that, in their application to employ Locke Lord, the debtors stated that the partners, associates, and employees of Locke Lord have no connection with any of their creditors and are “disinterested persons,” within the meaning of the Bankruptcy Code. Demurrer, ¶¶ 6-7. The defendant further states that “[t]he Bankruptcy Court specifically found that Locke Lord did not hold or represent an interest adverse to the bankruptcy estates of AMI and BC,” and that “[t] he Bankruptcy Court could not have made this finding if Locke Lord had represented Hancock Capital as Hancock Capital now claims.” Demurrer, ¶ 8.

Lastly, the defendant maintains that the third-party beneficiary claim must fail as a matter of law because the plaintiff has failed to allege that the [101]*101contracting parties “executed the [engagement [agreement with the intent of conferring a direct benefit on [Hancock Capital].” Demurrer, ¶ 12.

The law pertaining to the consideration of a demurrer is well-settled. “A demurrer accepts as true all facts properly pleaded, as well as reasonable inferences from those facts.” Steward v. Holland Family Properties, 284 Va. 282, 286, 726 S.E.2d 252, 252-54 (2012). In another recent case, the Supreme Court of Virginia stated that, “[a]t the demurrer stage, it is not the function of the trial court to decide the merits of the allegations set forth in a complaint, but only to determine whether the factual allegations pleaded and the reasonable inferences drawn therefrom are sufficient to state a cause of action.” Friends of the Rappahannock v. Caroline County, 286 Va. 38, 44 (2013). See also Fun v. Virginia Military Inst., 245 Va. 249, 252, 427 S.E.2d 181 (1993) (a demurrer “tests the sufficiency of factual allegations to determine whether the motion for judgment states a cause of action”). In ruling on a demurrer, the court may not take into account matters beyond the allegations of the aggressive pleading. Consequently, the court will not consider the defendant’s statements in its demurrer as to the specific facts of the subsidiaries’ bankruptcy cases, for the complaint does not mention those facts, nor are they fairly implied from the allegations of the complaint.

Accordingly, the court must accept as true the following facts, which are alleged in the complaint.

Hancock Capital, a private equity firm, owns 100% of the shares of Martinsville Holding Corporation, which, in turn, owns 100% of the shares of AMI. Complaint, ¶ 5. Hancock Capital also owns 100% of the shares of Recliner Holding Corporation, which, in turn, owns 100% of the shares of BC. Complaint, ¶ 7. Hancock Park Associates IV, L.L.C. (“HPA”) is the general partner of Hancock Capital and manages Hancock Capital on behalf of the limited partners. Complaint, ¶ 4. Mike Fourticq, Sr., Mike Fourticq, Jr., and Kevin Listen (“Hancock directors”) were officers of HPA and at the same time directors of the subsidiaries, and they comprised a majority on the board of directors of each of the subsidiaries. Complaint, ¶ 9.

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Cite This Page — Counsel Stack

Bluebook (online)
87 Va. Cir. 99, 2013 Va. Cir. LEXIS 163, Counsel Stack Legal Research, https://law.counselstack.com/opinion/hancock-park-capital-iii-lp-v-locke-lord-llp-vaccmartinsvill-2013.