Horbal, A. v. Giant Eagle, Inc.

CourtSuperior Court of Pennsylvania
DecidedJanuary 17, 2018
Docket1454 WDA 2016
StatusUnpublished

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

Bluebook
Horbal, A. v. Giant Eagle, Inc., (Pa. Ct. App. 2018).

Opinion

J-A18013-17

NON-PRECEDENTIAL DECISION - SEE SUPERIOR COURT I.O.P. 65.37

ANTHONY HORBAL AND HERC IN THE SUPERIOR COURT OF MANAGEMENT SERVICES, LLC. PENNSYLVANIA

v.

GIANT EAGLE, INC., GIANT EAGLE OF DELAWARE INC., DANIEL SHAPIRA, DAVID SHAPIRA AND LAURA KARET

Appellants No. 1454 WDA 2016

Appeal from the Order June 30, 2016 In the Court of Common Pleas of Allegheny County Civil Division at No(s): GD-14-013654

BEFORE: BOWES, LAZARUS, AND OTT, JJ.

MEMORANDUM BY BOWES, J.: FILED JANUARY 17, 2018

Giant Eagle, Inc., Giant Eagle of Delaware, Inc., Daniel Shapira, David

Shapira, and Laura Karet (collectively “Giant Eagle”), appeal from the June

30, 2016 order sustaining in part, and overruling in part, their preliminary

objections to the second amended complaint filed by Anthony Horbal and

HERC Management Services, LLC (“Horbal”).1 We reverse in part, affirm in

part, and remand for proceedings consistent herewith.

____________________________________________

1 As set forth in the text, infra, Giant Eagle successfully petitioned for review of this interlocutory order. J-A18013-17

Horbal commenced this action against Giant Eagle by filing a complaint

on August 6, 2014. The complaint alleged the following. Horbal and Giant

Eagle were both investors in an automated guided vehicle company, Seegrid

Corporation (“Seegrid”). Seegrid achieved some success, but failed to

sustain the revenue necessary to continue operations without regular

infusions of capital. In addition to providing capital, Horbal and Giant Eagle

also purchased debt from the corporation, eventually becoming Seegrid’s

two largest creditors. However, by late 2013, Horbal could no longer

continue investing additional capital in Seegrid. Horbal alleged that, in

November 2013, Giant Eagle began taking steps to ensure that Seegrid

remained undercapitalized so that it could increase its stake in the company

at Horbal’s expense.

Horbal contended that, in furtherance of this endeavor, Giant Eagle

denied Seegrid the opportunity to raise capital from outside investors,

fraudulently removed Anthony Horbal from the Board of Directors, prepared

term sheets to provide Seegrid with added capital which inured solely to

Giant Eagle’s benefit, presented those offers at the last possible instant to

preclude the Board from properly scrutinizing them, and prepared, if

necessary, to force Seegrid into bankruptcy. Horbal averred that Giant

Eagle pursued this course of action in order to gain full control over Seegrid

while diluting Horbal’s ownership interest. Horbal maintained that Giant

-2- J-A18013-17

Eagle, as Seegrid’s controlling shareholder, breached its fiduciary duties to

the other minority shareholders.

In addition, Horbal contended that Giant Eagle tortiously interfered

with Anthony Horbal’s consulting and management services agreement with

Seegrid. Anthony Horbal was the company’s President, and then its CEO,

from 2010 until July 2014. Horbal alleged that Giant Eagle exerted undue

influence over the Board of Directors not only to facilitate its fraudulent

conduct, but also to remove Anthony Horbal from his management position

and seat on the Board of Directors.

On August 8, 2014, two days after filing the instant complaint, Horbal

filed a derivative complaint on behalf of Seegrid raising substantially the

same claims in the Court of Chancery of the State of Delaware. Thereafter,

on October 21, 2014, Seegrid commenced a Chapter 11 bankruptcy case in

the Bankruptcy Court for the District of Delaware, and this Pennsylvania

case and the Delaware action were stayed pending the resolution of the

bankruptcy case. Before the Bankruptcy Court, Seegrid sought confirmation

of its prepackaged reorganization plan wherein, inter alia, Giant Eagle would

purchase $10 million in Series A preferred shares for a 40% interest in a

new company (“New Seegrid”), to which Seegrid would convey all of its

operating assets. In exchange for conveying its operating assets, Seegrid

would acquire shares of New Seegrid common stock amounting to a 45%

interest. The remaining 15% interest would be reserved for management

-3- J-A18013-17

and employees of New Seegrid. Additional Series A shares beyond Giant

Eagle’s initial $10 million would be offered to Seegrid’s other stockholders

and convertible debt holders.

On November 17, 2014, Horbal instituted a complaint in adversary

action in the Bankruptcy Court on behalf of itself and other creditors and

non-controlling shareholders seeking subordination of Giant Eagle’s claims

against Seegrid. That complaint raised substantially similar allegations as

those outlined above regarding Giant Eagle’s conduct prior to the

commencement of the bankruptcy action, including alleged breaches of

fiduciary duties owed to Seegrid’s minority shareholders. Horbal

subsequently withdrew its complaint for equitable subordination.

Nevertheless, it retained its objection to the reorganization plan, and it

raised allegations against Giant Eagle in its objections to Seegrid’s disclosure

statement as to the valuation utilized in that statement and the one-sided

benefit that Giant Eagle positioned itself to receive for its participation in the

plan.

Subsequently, the Bankruptcy Court held a combined disclosure

statement and confirmation hearing in which multiple witnesses testified.

On January 20, 2015, the Bankruptcy Court filed its final order approving

Seegrid’s disclosure statement and confirming its reorganization plan. In so

finding, the Bankruptcy Court determined that, pursuant to 11 U.S.C. §

-4- J-A18013-17

1129(a)(3), Seegrid proposed the plan in good faith, and that the plan was

the product of arm’s length negotiation with Giant Eagle.

Following this determination, Horbal began litigating its shareholder

derivative suit before the Delaware Chancery Court. After a hearing on July

14, 2015, the Chancery Court found that the Bankruptcy Court’s ruling

collaterally estopped Horbal from asserting the factual complaints regarding

Giant Eagle’s purported misconduct, and dismissed the matter with

prejudice. Horbal v. Shapira, 2015 WL 4401337 (Del.Ch. 2015), aff’d 133

A.3d 201 (Del. 2016).

Meanwhile, the Pennsylvania litigation resumed. Prior to the

commencement of the bankruptcy case, Giant Eagle had filed preliminary

objections to Horbal’s initial complaint. Horbal filed an amended complaint

on October 28, 2014, before the matter was stayed. On November 17,

2014, Giant Eagle filed preliminary objections to Horbal’s first amended

complaint. Thereafter, on January 29, 2015, Giant Eagle filed a reply brief in

support of its preliminary objections to Horbal’s first amended complaint

asserting, for the first time, that the Bankruptcy Court’s factual findings in

confirming Seegrid’s reorganization plan collaterally estopped Horbal from

pursuing claims against it in Pennsylvania. Horbal argued that collateral

estoppel was an affirmative defense, and thus, could not be raised in

preliminary objections. Nonetheless, by order dated February 6, 2015, the

trial court noted that Horbal had waived its procedural objection to Giant

-5- J-A18013-17

Eagle’s preliminary objections on the basis of collateral estoppel and

scheduled a hearing on the issue.

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