Kelly v. Nolan

2022 NCBC 37
CourtNorth Carolina Business Court
DecidedJuly 19, 2022
Docket21-CVS-2015
StatusPublished

This text of 2022 NCBC 37 (Kelly v. Nolan) 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
Kelly v. Nolan, 2022 NCBC 37 (N.C. Super. Ct. 2022).

Opinion

Kelly v. Nolan, 2022 NCBC 37.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION HARNETT COUNTY 21 CVS 2015

JOEL KELLY, DPM, individually and as former partner and minority shareholder in Piedmont Foot Clinic, P.A.; ELIZABETH BASS DAUGHTRY, DPM, individually and as former partner and minority shareholder in Piedmont Foot Clinic, P.A., and as owner of Dunn Foot and Ankle Center, P.A.; and DUNN FOOT AND ANKLE CENTER, P.A., ORDER AND OPINION ON Plaintiffs, DEFENDANTS’ MOTION TO DISMISS v. AMENDED COMPLAINT JASON NOLAN, DPM, individually and as former partner and majority shareholder in Piedmont Foot Clinic, P.A.; and RICHARD HAUSER, DPM, individually and as former partner and majority shareholder in Piedmont Foot Clinic, P.A.,

Defendants.

THIS MATTER comes before the Court on Defendants’ Motion to Dismiss

Amended Complaint. (“Motion to Dismiss,” or “Motion,” ECF No. 16.)

THE COURT, having considered the Motion, the briefs of the parties, the

arguments of counsel, and all applicable matters of record, CONCLUDES that the

Motion should be GRANTED, in part, and DENIED, in part, for the reasons set forth

below.

Timothy C. Morris, PA, by Timothy C. Morris, and the Buzzard Law Firm, by Robert A. Buzzard and Tracy A. Berry, for Plaintiffs Joel Kelly, DPM; Elizabeth B. Daughtry, DPM; and Dunn Foot and Ankle Center, P.A.

Adams, Howell, Sizemore & Adams, P.A., by Ryan J. Adams and Jeremy Jackson, for Defendants Jason Nolan, DPM; and Richard Hauser, DPM. Davis, Judge.

INTRODUCTION

1. This action involves various claims by two minority shareholders in a

professional corporation against the majority shareholders of the company. With

regard to the present motion, the Court must determine whether Plaintiffs’ claims in

their Amended Complaint (ECF No. 11) are subject to dismissal for lack of standing

pursuant to Rule 12(b)(1) of the North Carolina Rules of Civil Procedure and for

failure to state a claim upon which relief can be granted based on Rule 12(b)(6).

2. The Court notes that its job has been made more difficult by the fact

that the Amended Complaint at times fails to specify which claims are being asserted

on behalf of which of the named Plaintiffs. Similarly, throughout the Amended

Complaint, the two Defendants—Jason Nolan and Richard Hauser—are referred to

generically as “Defendants” without any attempt made to differentiate between them

as to the acts alleged therein.

FACTUAL AND PROCEDURAL BACKGROUND

3. The Court does not make findings of fact on motions to dismiss under

Rule 12(b)(6) of the North Carolina Rules of Civil Procedure and instead recites

pertinent facts contained in Plaintiffs’ Amended Complaint and in documents

attached to, referred to, or incorporated by reference in the Amended Complaint that

are relevant to the Court’s determination of the Motion.

4. Plaintiffs Joel Kelly and Elizabeth Bass Daughtry (collectively, the

“Individual Plaintiffs”), along with Defendants Nolan and Hauser (collectively, “Defendants”)—all physicians of podiatric medicine—were shareholders in a

professional corporation, Piedmont Foot Clinic, P.A. (“Piedmont”), from 1 January

2017 until 28 February 2020. 1 In 2020, Piedmont was sold to U.S. Foot and Ankle

Specialists, LLC (“USFAS”), Foot and Ankle Specialists of the Mid-Atlantic, LLC

(“FASMA”), and U.S. Foot and Ankle Specialists Holdings, LLC (“USFASH”). 2 (ECF

No. 3, at ¶¶ 1–6, 10–12, 35.)

5. Kelly and Daughtry were each ten percent (10%) shareholders of

Piedmont. 3 (Id. at ¶¶ 17, 19–20.) Defendants—Nolan and Hauser—owned the

remaining eighty percent (80%) interest in Piedmont, each owning forty percent

(40%) of the total shares. (Id. at ¶ 18.) Nolan served as Vice President and Secretary

of Piedmont, and Hauser served as President and Treasurer. (Id. at ¶ 37.)

6. Generally, the Amended Complaint alleges that since January 2017,

Defendants Nolan and Hauser have conspired and engaged in various wrongful

conduct toward the Individual Plaintiffs. (Id. at ¶ 67.) These alleged wrongful acts

relate to three topics: (a) Piedmont’s use and subsequent sale of equipment belonging

to a separate entity, Plaintiff Dunn Foot and Ankle Center, P.A. (“Dunn Foot”) that

was owned by Daughtry; (b) the allocation among the Shareholders of certain

disputed expenses of Piedmont; and (c) certain issues relating to the proceeds of the

1 Throughout this Opinion, Kelly, Daughtry, Nolan, and Hauser are at times referred to

collectively as the “Shareholders.”

2 USFAS, FASMA, and USFASH are not parties to this lawsuit.

3 Prior to becoming shareholders of Piedmont, Kelly and Daughtry worked for Piedmont as

associates. (ECF No. 3, at ¶¶ 19–20.) sale of Piedmont. Plaintiffs’ allegations pertaining to these topics are set out more

fully below.

7. Prior to joining Piedmont, Daughtry was the sole owner of Dunn Foot.

(Id. at ¶ 20.) Piedmont acquired Dunn Foot in 2015, after which Daughtry began

working for Piedmont as an associate. (Id. at ¶¶ 21, 24.)

8. As part of her practice at Dunn Foot, Daughtry “owned all the

equipment necessary to practice podiatric medicine including a client management

system, charts, and equipment, including five (5) podiatry exam tables and chairs, a

casting table, all surgical equipment, an X-Ray unit and processor, and all office

furniture and office supplies.” (Id. at ¶ 25.) Plaintiffs assert that the “total value of

the equipment [ ] Daughtry owned at the time Piedmont acquired her practice was

approximately one hundred thousand dollars ($100,000.00).” (Id. at ¶ 26.)

9. Plaintiffs allege that a “Piedmont-Bass Daughtry agreement” regarding

the purchase of Dunn Foot by Piedmont contained the following provision:

[Daughtry] would begin practicing as an associate with Piedmont, and Piedmont would pay her salary as an associate, Piedmont would assume all administrative duties of the office, and the equipment would remain the property of Dunn Foot until she was paid for them [sic] by Piedmont while [ ] Daughtry personally assumed any personal debt associated with Dunn Foot in addition to making personal payments for access to Dunn Foot [ ] to maintain records at a personal cost to [ ] Daughtry of two hundred fourteen dollars ($214.00) per month.

(Id. at ¶ 27 (emphasis added).)

10. Despite this provision, Plaintiffs allege, Daughtry has “[a]t no time prior

to or after becoming a shareholder . . . [been] compensated by Piedmont for her

equipment.” (Id. at ¶ 30.) Furthermore, Plaintiffs assert that as a part of the eventual sale of Piedmont, this equipment was listed as an asset of Piedmont. (Id. at

¶ 58.)

11. Plaintiffs also allege the existence of an agreement between the

Shareholders “that expenses would be shared equally in spite of the disparate

ownership percentages and the [Shareholders] would keep the profits that they

brought to the business after deducting business expenses.” (Id. at ¶ 36.) Piedmont’s

bylaws “required a majority of shareholders to agree on most matters,” and therefore

Kelly and Daughtry—as minority shareholders—were unable “to vote [that] their

expenses [ ] be proportioned according to their ownership percentage” (instead of

being shared equally among the Shareholders). (Id. at ¶ 38.)

12. Consequently, from 2017 through 2020, Kelly and Daughtry were

required to share equally in certain expenses that they contend were not valid

business expenses of Piedmont. (Id.

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Bluebook (online)
2022 NCBC 37, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kelly-v-nolan-ncbizct-2022.