Lowry v. Beardsley

CourtSuperior Court of Maine
DecidedSeptember 29, 2015
DocketCUMcv-14-372
StatusUnpublished

This text of Lowry v. Beardsley (Lowry v. Beardsley) is published on Counsel Stack Legal Research, covering Superior Court of Maine primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lowry v. Beardsley, (Me. Super. Ct. 2015).

Opinion

c:;c·, ~ '- -':: OF '·/LI_INE STATE OF MAINE Cumber 3':o ss Ciuk s ~WERIOR COURT CUMBERLAND, SS. ~docket No. CV-2014-372 1 SEP 2 9 2015 DONALD GREY LOWRY, ) RECEIVED Plaintiff, ) ORDER ON PLAINTIFF'S MOTION ) FOR SUMMARY JUDGMENT v. ) ) JAMES C. BEARDSLEY & JCB ) CORPORATION, P.A., ) ) Defendants. )

Plaintiff Donald G. Lowry moves for summary judgment on Count I ofhis

Complaint for breach of contract against Defendants James C. Beardsley and JCB

Corporation, P .A. Mr. Lowry argues summary judgment is warranted because there is no

dispute that the full payments required under the contract between Messrs. Beardsley and

Lowry have not been made. Defendants respond that summary judgment should not be

granted because there is at least a disputed factual issue as to how the payments under the

Agreement should be characterized. As discussed in greater detail below, the Court

denies Mr. Lowry's motion because there are genuine issues of material fact.

I. Background

A. The Agreement and Payments Thereunder

Mr. Lowry entered into a contract with Mr. Beardsley on September 3, 2013

(hereinafter, the "Agreement"). (Pl.'s S.M.F. ~ 1.) Mr. Lowry drafted the Agreement.

(Def.'s A.S.M.F. ~ 16.) Pursuant to paragraph 1 of the Agreement, Mr. Lowry

transferred 100% of the stock in Lowry & Associates Attorneys, P.A. (the "Law Firm" or

"Firm") to Mr. Beardsley. (!d. at~ 3.) Pursuant to paragraph 5(a), the Firm was to pay

1 On July 21,2015, this Court consolidated CV-2014-372 with CV-2014-390.

1 Mr. Lowry $5,000 on the last day of each month for the period of September 2013

through December 2015. (ld. at~ 5.) Specifically, the Agreement provides that "Lowry

shall be compensated as follows:

a. The corporation [i.e. the Law Firm] agrees to pay monthly the sum of $5,000.00 to Lowry on the last day of each month for the period September, 2013 through December, 2015.

(Pl.'s Ex. A, the Agreement,~ 5(a).) The Law Firm paid Mr. Lowry $5,000 at the end of

September, October, November, and December 2013. (Id. at~ 6.) Subsequently, all

monthly payments to Mr. Lowry have been in the amount of $5,000 minus certain

withholdings for tax purposes pursuant to state and federal employment law. (ld. at~ 7;

Def.'s O.S.M.F. ~ 7.)

Pursuant to paragraph 5(b) of the Agreement, the Law Firm is obligated to pay

Mr. Lowry 8% of the total fees in excess of $850,000 received by the Firm for the year

ending December 31,2014, payable no later than the end of January 2015. (Pl.'s S.M.F.

~ 8.) Specifically, the Agreement provides that Mr. Lowry shall be compensated as

follows:

b. The corporation agrees to pay Lowry, in addition to the amount stated in paragraph a above, 8% of the total fees in excess of $850,000.00 received by the firm in each of the years ending December 31, 2013, December 31, 2014 and December 31, 2015, payable no later than the end ofthe following January.

(Agreement~ 5(b).) In the payment Mr. Lowry received pursuant to paragraph 5(b), the

Law Firm withheld money as if Mr. Lowry were an employee of the Law Firm. (See

Pl.'s S.M.F. ~ 9; Def.'s O.S.M.F. ~ 9.)

Paragraph 10 of the Agreement provides that in the event the Law Firm fails to

make any of the payments required, Mr. Beardsley shall have 30 days written notice of

2 the default to cure and bring the Firm into full compliance. (Pl.'s S.M.F. ~ 11.) On May

29, 2014, Lee Bals, counsel for Mr. Lowry, sent Roy Pierce, then counsel for Mr.

Beardsley, an email declaring Mr. Beardsley in breach of the Agreement. (Id. at~ 12.)

On June 9, 2014, Mr. Bals sent Mr. Pierce a letter advising that Mr. Beardsley was in

default of the Agreement and providing an opportunity to cure. (Jd. at~ 13.) Since June

9, 2014, Mr. Beardsley-through JCB Corporation, P.A.-has continued with the same

payment practices complained of by Mr. Lowry. (See id. at~ 14.) On June 10, Mr. Pierce

sent a letter to Mr. Bals requesting he identify what "other things" were being claimed as

grounds for the alleged default. (Def.'s A.S.M.F. ~ 39.) Mr. Bals did not respond to the

request for further information. (!d. at~ 40.)

B. Disputed Factual Contentions Regarding the Alleged Intent.ofthe Agreement

Mr. Beardsley asserts that in drafting the agreement, Mr. Lowry ensured that all

payments to him were to come from the Law Firm, not Mr. Beardsley personally. (411/15

Beardsley Aff. ~ 7.) He claims that the two discussed how this would result in Mr.

Lowry's payments being tax-deductible expenses for the Law Firm. (!d.) This, Mr.

Beardsley claims, was part of the reason he provided a personal guarantee of the Firm's

obligations to Mr. Lowry. (!d.) Mr. Beardsley also asserts that he understood the

payments under the Agreement were for services rendered by Mr. Lowry, not as a capital

contribution based on a document included with the initial drafts of the Agreement,

which states, "The provisions for transfer of shares of the corporation make it possible for

[Mr. Beardsley] to attain ownership without the necessity of making any capital

contribution .... " (Jd. at~ 8 and Exhibit 1 attached thereto.) In addition, Mr. Beardsley

asserts that Mr. Lowry characterized the payments he would be receiving as being

3 derived from profits and understood that profits could vary year to year, preventing any

sum certain of amounts to be paid. (!d. at~ 9.) Mr. Beardsley further asserts that Mr.

Lowry stressed that the Firm had no market value before entering the Agreement and

supported this assertion with a personal financial statement and handwritten notes

evidencing this assertion. (!d. at~ 11 and Exhibit 2 attached thereto.)

Mr. Lowry counters that permitting the payments to come from the Law Firm was

offered as a courtesy to Mr. Beardsley so he could make payments from the Firm, rather

than his personal funds. (4/9/15 Lowry Aff. ~ 5.) He also asserts that he did not discuss

the tax implications of the Agreement with Mr. Beardsley during the negotiations thereof.

(!d. at~ 6.) Mr. Lowry further claims that the parties understood Mr. Beardsley was

paying Mr. Lowry for the stock of the Firm and that it was never intended for him to be

employed by the Firm after the sale. (ld. at~ 7.) He also downplays the relevance of the

pre-Agreement document alluded to by Mr. Beardsley and contends that at the time,

various methods of payment were under consideration, which was ultimately resolved in

the Agreement. (Id.) As to the valuation that the Firm had no market value, Mr. Lowry

asserts that he always thought the Firm had great potential because of good will, brand

recognition, and reputation, but was concerned an outside appraisal would be negative in

light of a low recent earnings history. (ld. at~ 8.)

After the Agreement was executed, Mr. Beardsley claims Mr. Lowry began

questioning the characterization ofthe payments. (411115 Beardsley Aff. ~13.) This

questioning allegedly stemmed from conversations with his accountant about tax

implications and was designed to make the Agreement more beneficial to Mr. Lowry.

(Id. at~ 14.) In an apparent attempt at compromise, Mr. Beardsley asserts that he told Mr.

4 Lowry the Firm would pay his wages with a 1099, as an independent contractor. (!d.)

Shortly after this discussion, Mr. Lowry allegedly changed his mind and claimed that he

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Bouchard v. American Orthodontics
661 A.2d 1143 (Supreme Judicial Court of Maine, 1995)
Department of Environmental Protection v. Emerson
563 A.2d 762 (Supreme Judicial Court of Maine, 1989)
Rogers v. Jackson
2002 ME 140 (Supreme Judicial Court of Maine, 2002)
BROWN DEVELOPMENT CORP. v. Hemond
2008 ME 146 (Supreme Judicial Court of Maine, 2008)
Levine v. R.B.K. Caly Corp.
2001 ME 77 (Supreme Judicial Court of Maine, 2001)
Perkins v. Blake
2004 ME 86 (Supreme Judicial Court of Maine, 2004)
Bates v. Department of Behavioral & Developmental Services
2004 ME 154 (Supreme Judicial Court of Maine, 2004)
Lougee Conservancy v. Citimortgage, Inc.
2012 ME 103 (Supreme Judicial Court of Maine, 2012)

Cite This Page — Counsel Stack

Bluebook (online)
Lowry v. Beardsley, Counsel Stack Legal Research, https://law.counselstack.com/opinion/lowry-v-beardsley-mesuperct-2015.