Interadd of NH v. Foreign Motors

CourtDistrict Court, D. New Hampshire
DecidedFebruary 2, 1995
DocketCV-94-560-SD
StatusPublished

This text of Interadd of NH v. Foreign Motors (Interadd of NH v. Foreign Motors) is published on Counsel Stack Legal Research, covering District Court, D. New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Interadd of NH v. Foreign Motors, (D.N.H. 1995).

Opinion

Interadd of NH v. Foreign Motors CV-94-560-SD 02/02/95 UNITED STATES DISTRICT COURT FOR THE

DISTRICT OF NEW HAMPSHIRE

Interadd of New Hampshire, Inc.

v. Civil No. 94-560-SD

Foreign Motors, Inc.; MBPA Corp.; Herbert G. Chambers

O R D E R

In this diversity action, plaintiff Interadd of New

Hampshire, Inc., seeks to recover monies it is allegedly owed

under a Consulting and Non-Competition Agreement entered into

between Interadd and defendants Foreign Motors, Inc., and MBPA

Corporation, and guaranteed by defendant Herbert G. Chambers.

Presently before the court are (1) defendants' motion to

dismiss this action for lack of personal jurisdiction or, in the

alternative, to dismiss or stay the action because of an

agreement to arbitrate, and (2) plaintiff's motion to file an

amended complaint. Objections to each motion have been filed.

Background

Prior to 1986, Lutz N. Wallem and his wife, Waltraud A. Wallem, were the owners of Foreign Motors, Inc., an automobile

dealership in Boston, Massachusetts, authorized to sell Mercedes-

Benz, BMW, Porsche, and Audi automobiles.

In December 1985 Foreign Motors entered into an Asset

Purchase Agreement with Bahig Bishay. Pursuant to said

agreement. Foreign Motors agreed to sell Bishay certain assets,

including its four foreign car franchises. Said agreement was

contingent upon the franchisors' approval of the sale.

Declaration of Herbert G. Chambers 5 3.1 In March 1986,

Mercedes-Benz refused to approve the transfer of Foreign Motors'

Mercedes-Benz franchise to Bishay. Id. As a result. Foreign

Motors and Bishay entered into an Extension Agreement which gave

Bishay an additional two years to obtain Mercedes-Benz's

approval. Id.

Defendant Herbert G. Chambers states.

In September 1986, I was contacted on behalf of Foreign Motors and was informed that Foreign Motors was in serious financial difficulty and was threatened with loss of its inventory or "floor plan" financing, without any replacement financing in place. Bishay's dispute with Mercedes remained unresolved at this time. I agreed to enter

Chambers' "declaration" is an unsworn statement signed under penalty of perjury. Under 28 U.S.C. § 1746, such a statement "may be used, in lieu of a sworn statement or affidavit" to support defendants' motion. Goldman, Antonetti, Ferraiuoli, Axtmaver & Hertell v. Medfit Int'l, Inc., 982 F.2d 686, 689 (1st Cir. 1993).

2 into a series of agreements with Foreign Motors and the Wallems intended to address Foreign Motors' financial problems. I formed MBPA, a Massachusetts corporation, in connection with these transactions.

Id. 5 4.

On October 15, 1986, the following agreements were entered

into with respect to Foreign Motors:

(1) a financing agreement under which MBPA agreed to loan

$1,030,000 to Foreign Motors and to guarantee Foreign Motors'

floor plan in exchange for li^ percent of the dealership's stock;

(2) an Option to Purchase Stock Agreement (Defendants'

Exhibit A) between the Wallems, Foreign Motors, and MBPA, under

which MBPA or its designee received an option to purchase the

remaining percent of Foreign Motors' stock; and

(3) an Indemnity Agreement between the Wallems, Foreign

Motors, and MBPA (Defendants' Exhibit B) addressing, inter alia,

the parties' responsibility for any expenses and liability

associated with litigation involving Bishay.

MBPA subseguently exercised its option to purchase the

remaining Foreign Motors stock owned by the Wallems, and named

Chambers as its approved designee to receive transfer of the

stock. See Memorandum Re: Tentative, Closing and Final Book

Value at 1 (Defendants' Exhibit D). The sale of stock took place

on November 6, 1987. Chambers Declaration 1 8.

3 In connection with this sale. Interadd, a New Hampshire

corporation formed by the Wallems, entered into a Consulting and

Non-Competition Agreement with Foreign Motors and MBPA

(Defendants' Exhibit E) (the Consulting Agreement). Under said

agreement. Interadd was to be paid $108,000 "each year for ten

years payable monthly in arrears . . . ." Consulting Agreement

at 1. In return. Lutz Wallem and Interadd agreed, inter alia, to

provide consulting services to Foreign Motors and MBPA and not to

compete with said companies over the ten-year period covered by

the agreement. Id. at 1-2. Payment of the amounts due to

Interadd under the Consulting Agreement was guaranteed by

Chambers. See Guaranty of Non-Competition and Confidentiality

Payments (Defendants' Exhibit F).

In December 1986 Bishay filed suit against the Wallems,

Foreign Motors, MBPA, and Chambers in Massachusetts Superior

Court. Chambers Declaration 1 7. Pursuant to the terms of the

Indemnity Agreement, the Wallems are obligated to indemnify MBPA

for a portion of the expenses incurred by MBPA as a result of

this litigation. See Indemnity Agreement at 2- 2 (a) . The

Indemnity Agreement also grants MBPA and Foreign Motors the

following right of offset:

MBPA and/or the Company [Foreign Motors] shall have the right to offset any unpaid sum due under this Indemnity from the Indemnitors or either of them against the Five Thousand

4 ($5,000.00) Dollars per week and the incentive bonus of 50% of the net operating profits otherwise due to the Indemnitors or either of them under the Wallem Employment Agreement and Wallem Consulting and Non­ competition Agreement of even date herewith, upon notice of offset to the Indemnitors.

Id. at 4 .

Relying on this right of offset, the defendants subseguently

offset amounts that were purportedly due to them under the

Indemnity Agreement against the amounts due to Interadd under the

Consulting Agreement. The Wallems disputed both the right of the

defendants to make such an offset and the amount defendants

claimed to be due under the Indemnity Agreement. Wallem

Affidavit I 13.

In an agreement dated March 12, 1993, the parties resolved

their differences as to the offset issue and as to other related

issues for all payments due under the various contracts between

them prior to February 18, 1993. Said agreement provides, inter

alia, that.

The parties to this Agreement hereby agree that prior to any future offsets (after February 18, 1993) by MBPA or Foreign Motors, MBPA or Foreign Motors shall notify Interadd, in writing, of its intention to offset and shall furnish Interadd with detailed backup data of the amount to be offset. Interadd shall respond within ten (10) days of receipt of said written notice and data as to any offsets that are in dispute. Upon any dispute of the propriety and/or amount of offset the parties hereby agree to submit the

5 dispute to a single arbitrator with said procedure being set forth in paragraph (15) fifteen of the Memorandum re: Tentative, Closing and Final Book Value of November 6, 1987. The terms and conditions of paragraph (15) fifteen of Memorandum re: Tentative, Closing and Final Book Value of November 6, 1987, are hereby incorporated herein by reference.2

Agreement of March 12, 1993, 5 7 (Defendants' Exhibit G) .

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