Iceberg Associates LLP v. Dynamic Data Technologies, LLC

CourtDistrict Court, S.D. California
DecidedJune 7, 2023
Docket3:22-cv-01084
StatusUnknown

This text of Iceberg Associates LLP v. Dynamic Data Technologies, LLC (Iceberg Associates LLP v. Dynamic Data Technologies, LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Iceberg Associates LLP v. Dynamic Data Technologies, LLC, (S.D. Cal. 2023).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 SOUTHERN DISTRICT OF CALIFORNIA 10 11 ICEBERG ASSOCIATES LLP, Case No.: 3:22-cv-01084-RBM-DDL

12 Plaintiff, ORDER GRANTING IN PART AND 13 v. DENYING IN PART DEFENDANT DYNAMIC DATA TECHNOLOGIES, 14 DYNAMIC DATA TECHNOLOGIES, LLC’S MOTION TO DISMISS LLC AND MAXLINEAR, INC., 15 PLAINTIFF’S CLAIMS AGAINST Defendants. DYNAMIC DATA TECHNOLOGIES, 16 LLC 17

18 [Doc. 14] 19 20 On July 25, 2022, Plaintiff Iceberg Associates LLP (“Plaintiff”) filed the instant 21 action (“Complaint”) against Defendants Dynamic Data Technologies, LLC (“Dynamic 22 Data”) and MaxLinear, Inc. (“MaxLinear”) (collectively, the “Defendants”). (Doc. 1.) On 23 September 23, 2022, Dynamic Data filed a Motion to Dismiss Plaintiff’s Claims against 24 Dynamic Data pursuant to Federal Rule of Civil Procedure 12(b)(6) (“Motion”). (Doc. 25 14.) Plaintiff filed a response in opposition on October 10, 2022 (Doc. 22), and Dynamic 26 Data filed a reply on November 14, 2022 (Doc. 29). For the reasons discussed below, 27 Dynamic Data’s Motion is GRANTED IN PART and DENIED IN PART. 28 / / / 1 I. BACKGROUND 2 Plaintiff is a limited liability partnership specializing in patent brokerage. (Doc. 1 3 at 2–3.) Dynamic Data is a limited liability company and is in the business of purchasing 4 patents for purposes of “threatening or filing enforcement proceedings” for revenue, rather 5 than marketing or using the inventions covered by the patents. (Id. at 2.) MaxLinear is a 6 publicly traded corporation that “builds and sells networking and communications 7 technology.” (Id.) 8 The facts alleged in the Complaint are as follows. On November 30, 2016, Plaintiff 9 and MaxLinear entered into a written agreement titled Transaction Representation 10 Agreement (“TRA”) in which Plaintiff agreed to act “as MaxLinear’s exclusive worldwide 11 representative to facilitate and promote the sale, assignment and/or licensing” of specific 12 patents (the “Patents”) that MaxLinear wanted to sell or license. (Id. at 3–4.) In exchange 13 for Plaintiff’s services, MaxLinear agreed to pay Plaintiff a designated amount1 14 immediately upon executing the TRA and a percentage of any amount obtained by or due 15 to MaxLinear “resulting from any license, assignment or any other transfer of the Patents.” 16 (Id. at 4.) Plaintiff and MaxLinear “extended the TRA’s initial six-month term on May 11, 17 2017 for another six months to November 30, 2017.” (Id.) The TRA included a provision 18 that stated MaxLinear would be required to pay Plaintiff its full commission for any patent 19 transaction Plaintiff was retained to promote so long as it was completed within twelve 20 months after the expiration of the term. (Id.) Thus, “if MaxLinear was able to sell or 21

22 23 1 On August 19, 2022, Dynamic Data filed a Motion to Seal the Complaint and File a Redacted Public Version which requested the Court seal confidential information related 24 to Dynamic Data’s “pricing information relating to both patent acquisition pricing and 25 patent licensing pricing.” (Doc. 10.) Similarly, on August 23, 2022, Dynamic Data filed a Motion to Seal the Unredacted Version of the Memorandum of Points and Authorities in 26 Support of its Motion for the same reason. (Doc. 12.) The Court granted both requests on 27 October 7, 2022. (Doc. 19.) In an effort to preserve the sealed information, the Court will use vague references to the percentages and dollar amounts which are the subject of this 28 1 license its specific Patents listed in the TRA [any time] before November 2018, or if it 2 continued to receive commissions from the sale or licensing of Patents thereafter, 3 MaxLinear was still obligated to pay [Plaintiff] its commission.” (Id.) After executing the 4 TRA, Plaintiff contends it spent “significant time and resources performing its duties 5 marketing and ultimately selling MaxLinear’s Patents.” (Id.) 6 On April 18, 2018, MaxLinear entered into a written Patent Purchase Agreement 7 (“PPA”) with Dynamic Data in which Dynamic Data agreed to purchase patents from 8 MaxLinear. (Id. at 5.) Under the PPA, Dynamic Data agreed to pay MaxLinear and 9 Plaintiff an increasing proportion of the revenue Dynamic Data was able to generate from 10 the patents (“Buyer Proceeds”). (Id.) The percentage Dynamic Data was obligated to pay 11 MaxLinear and [Plaintiff] under the PPA “increased as the amount of Buyer Proceeds 12 increased” with defined limits. (Id.) The Complaint alleges that “[f]or each increased step, 13 [Dynamic Data] was always obligated to pay [Plaintiff]” a specific percentage of what it 14 paid to MaxLinear. (Id.) Therefore, Plaintiff contends that pursuant to the terms of the 15 TRA and PPA, Plaintiff is “entitled to be paid from MaxLinear” a percentage of the 16 commission of any money MaxLinear receives from Dynamic Data, and separately receive 17 from Dynamic Data a percentage of the proceeds Dynamic Data paid to MaxLinear. (Id.) 18 Moreover, Plaintiff explains that on or about Apil 20, 2018, Dynamic Data paid 19 Plaintiff directly an Upfront Guaranteed Payment as set forth in the PPA. (Id.) However, 20 Plaintiff believes that as of June 2019, Dynamic Data was able to generate a certain amount 21 in Buyer Proceeds “monetizing and enforcing the Patents.” (Id. at 6.) Accordingly, 22 [Dynamic Data’s] receipt of such Buyer Proceeds resulted in [Dynamic Data] paying 23 MaxLinear” a certain amount. (Id.) “However, despite that payment, and despite 24 [Dynamic Data]’s obligation to pay [Plaintiff] its separate proportionate share of the same 25 Buyer Proceeds, [Dynamic Data] has refused and failed to do so despite multiple 26 demands.” (Id.) Moreover, Plaintiff contends that “[a]s a result of its receipt of its portion 27 of Buyer Proceeds from [Dynamic Data], MaxLinear also became obligated to pay 28 [Plaintiff]” a specific amount of separate commission under the TRA.” (Id.) 1 Thus, on July 25, 2022, Plaintiff filed the instant action against MaxLinear and 2 Dynamic Data alleging the following causes of action: (1) breach of the TRA against 3 MaxLinear, (2) breach of the PPA against Dynamic Data, and (3) an accounting claim 4 against both Defendants. (See Doc. 1.) The Complaint also requests compensatory 5 damages and attorneys’ fees and costs. (Id. at 9.) On September 23, 2022, Dynamic Data 6 filed the instant Motion arguing that Plaintiff’s claims against Dynamic Data should be 7 dismissed because they fail to allege “plausible breach of contract and accounting claims 8 under controlling New York law.” (Doc. 14–1 at 8.) MaxLinear filed an answer to 9 Plaintiff’s Complaint on September 26, 2022. (Doc. 15.) 10 II. LEGAL STANDARD 11 Pursuant to Federal Rule of Civil Procedure (“Rule”) 12(b)(6), an action may be 12 dismissed for failure to allege “enough facts to state a claim to relief that is plausible on its 13 face.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007). “A claim has facial 14 plausibility when the plaintiff pleads factual content that allows the court to draw the 15 reasonable inference that the defendant is liable for the misconduct alleged. The 16 plausibility standard is not akin to a ‘probability requirement,’ but it asks for more than a 17 sheer possibility that a defendant acted unlawfully.” Ashcroft v. Iqbal, 556 U.S. 662, 678 18 (2009) (internal citations omitted). For purposes of ruling on a Rule 12(b)(6) motion, the 19 Court “accept[s] factual allegations in the complaint as true and construe[s] the pleadings 20 in the light most favorable to the nonmoving party.” Manzarek v. St. Paul Fire & Marine 21 Ins.

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Iceberg Associates LLP v. Dynamic Data Technologies, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/iceberg-associates-llp-v-dynamic-data-technologies-llc-casd-2023.