Kelley v. Charlotte Radiology, P.A.

2019 NCBC 14
CourtNorth Carolina Business Court
DecidedFebruary 27, 2019
Docket18-CVS-12279
StatusPublished

This text of 2019 NCBC 14 (Kelley v. Charlotte Radiology, P.A.) is published on Counsel Stack Legal Research, covering North Carolina Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kelley v. Charlotte Radiology, P.A., 2019 NCBC 14 (N.C. Super. Ct. 2019).

Opinion

Kelley v. Charlotte Radiology, P.A., 2019 NCBC 14.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION MECKLENBURG COUNTY 18 CVS 12279

MICHAEL J. KELLEY,

Plaintiff,

v. ORDER AND OPINION ON DEFENDANT’S MOTION TO DISMISS CHARLOTTE RADIOLOGY, P.A.,

Defendant.

1. Plaintiff Michael J. Kelley worked for Defendant Charlotte Radiology, P.A.

for 30 years, where he was also a shareholder. In 2017, Kelley took his first steps

toward retirement, continuing to work for Charlotte Radiology but in a reduced role.

During the transition, Charlotte Radiology informed Kelley that, as a result of his

new role, he could no longer be a shareholder—a decision Kelley now disputes. In

this action, Kelley alleges that Charlotte Radiology wrongfully barred him from

participating in a transaction that resulted in substantial payments to its

shareholders. He has sued for breach of contract, breach of fiduciary duty, and

violations of the North Carolina Securities Act.

2. This Opinion addresses two other claims added to the complaint by a later

amendment. At the time the original complaint was filed, Kelley and Charlotte

Radiology were negotiating an extension of his employment contract. Upon seeing

the complaint, Charlotte Radiology withdrew its offer and decided to part ways with

Kelley when the existing term expired. Kelley alleges that the withdrawn offer

amounts to unlawful retaliation, and he amended his complaint to include claims for

wrongful discharge and violation of the Retaliatory Employment Discrimination Act. Charlotte Radiology has now moved to dismiss these new claims under Rule 12(b)(6)

of the North Carolina Rules of Civil Procedure. For the following reasons, the Court

GRANTS the motion.

Erwin, Bishop, Capitano & Moss, P.A., by J. Daniel Bishop, for Plaintiff Michael J. Kelley.

Robinson, Bradshaw & Hinson, P.A., by Robert W. Fuller, Amanda P. Nitto, and Kristin L. Hendrickson, for Defendant Charlotte Radiology, P.A.

Conrad, Judge. I. BACKGROUND

3. The Court does not make findings of fact on a Rule 12(b)(6) motion to

dismiss. The following factual summary is drawn from relevant allegations in the

amended complaint and attached exhibits. (ECF No. 22 [“Am. Compl.”].)

4. Kelley joined Charlotte Radiology in 1987. (Am. Compl. ¶ 4.) His original

employment contract gave him the right to purchase shares of Charlotte Radiology

after three years of employment, subject to certain conditions, “including the

execution of a stock redemption agreement.” (Am. Compl. Ex. 9 § 19.) When the

three-year mark passed, Kelley purchased 100 shares. (See Am. Compl. ¶¶ 4, 9.)

5. Kelley would go on to stay with Charlotte Radiology for 30 years. In

mid-2015, Kelley gave notice that he intended to retire at the end of 2016. (Am.

Compl. ¶ 15.) As his retirement date approached, though, Kelley had a change of

heart and opted instead for semi-retirement. (See Am. Compl. ¶¶ 12, 15.) He agreed

to continue working for Charlotte Radiology in a reduced role through the first six

months of 2017, all under the terms of a new Retiree Employment Agreement. (Am. Compl. ¶ 12, Ex. 3.) The agreement was later extended by a year, through June 2018.

(Am. Compl. ¶ 12, Ex. 4.)

6. Although Kelley continued to be an employee, Charlotte Radiology informed

him that he would no longer be a shareholder. In a letter dated March 21, 2017,

Charlotte Radiology announced that Kelley’s “status as a shareholder terminated on

December 31, 2016” as a result of his 2015 retirement notice. (Am. Compl. ¶ 14, Ex.

5.) This “change in shareholder status” entailed a number of administrative odds and

ends—for example, how to treat unused sick days and whether to rollover balances

in a profit-sharing plan. (Am. Compl. Ex. 5.) And, according to Charlotte Radiology,

Kelley’s “retirement” triggered the mandatory redemption of his shares. (Am. Compl.

¶¶ 14, 16, Ex. 5.) Kelley apparently saw no reason to question this and cashed the

$1,000 check that Charlotte Radiology tendered as the redemption price. (Am.

Compl. ¶ 21, Ex. 5.)

7. Shortly after cashing the check, Kelley’s view began to change. He learned

that Charlotte Radiology was planning a “refinance transaction” that would

financially benefit shareholders. (Am. Compl. ¶¶ 22, 23.) When Kelley asked to be

included, Charlotte Radiology declined. (See Am. Compl. ¶ 25.) Before the

transaction closed, Kelley pressed his claim again—this time through counsel—and

argued that he continued to have rights as a shareholder. (See Am. Compl. ¶ 26.)

Kelley argued that the contract governing his shareholder rights mandated

redemption of his shares only if he “terminates his employment with [Charlotte

Radiology] or is discharged, with or without cause.” (Am. Compl. ¶¶ 8, 9, Ex. 1 § 4.) This condition was never met, Kelley asserted, because his employment continued

without interruption when the Retiree Employment Agreement took effect. (See Am.

Compl. ¶¶ 10, 12, 15.) In communications with Charlotte Radiology, Kelley insisted

that he deserved his pro rata share of any consideration that would flow to

shareholders as a result of the anticipated transaction. (See Am. Compl. ¶ 26.)

8. Charlotte Radiology again declined and, in January 2018, closed the

refinance transaction. (See Am. Compl. ¶¶ 5, 26.) The details of the transaction are

unclear, but Kelley alleges that it took the form of a merger and that Charlotte

Radiology’s shareholders received substantial cash payouts as consideration. (Am.

Compl. ¶ 5.) Kelley, on the other hand, received nothing. (See Am. Compl. ¶ 23.)

9. Kelley brought this suit in June 2018, asserting claims for breach of

contract, breach of fiduciary duty, and violations of the North Carolina Securities Act.

(See Compl. ¶¶ 30, 35–36, 44, ECF No. 3.) In his original complaint, Kelley alleged

that Charlotte Radiology wrongfully redeemed or purported to redeem his shares at

a time when it knew that the refinance transaction would occur and that shares in

Charlotte Radiology held great value. (See Compl. ¶¶ 22, 23.) He also alleged that

his pro rata share of the merger consideration would have dwarfed the $1,000 that

Charlotte Radiology tendered as the redemption price for his shares. (See Compl.

¶ 23.)

10. At the time the original complaint was filed, Kelley and Charlotte Radiology

were negotiating another extension of the Retiree Employment Agreement.

Charlotte Radiology had initially offered Kelley a new six-month contract. (See Am. Compl. Ex. 6.) Kelley then filed his complaint and, the next day, sent a letter through

counsel expressing interest in the employment offer while also seeking clarification

on a number of points, including assurances that no provision in the new agreement

would act as a waiver or release of Kelley’s just-filed claims. (See Am. Compl. Ex. 7.)

After receiving the complaint, Charlotte Radiology withdrew the offer “pending [a]

review of the lawsuit and its allegations against the practice and its staff, etc.” (Am.

Compl. Ex. 8.) The offer was not reinstated.

11. Kelley alleges that Charlotte Radiology withdrew the offer of employment

in retaliation for “the filing of this action to vindicate [his] rights as a shareholder.”

(Am. Compl. ¶ 49.) He amended his complaint to assert two new claims, one for

wrongful discharge and another for violation of North Carolina’s Retaliatory

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2019 NCBC 14, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kelley-v-charlotte-radiology-pa-ncbizct-2019.