LTRAC LLC v. Wayne

CourtDistrict Court, D. Idaho
DecidedApril 21, 2025
Docket1:23-cv-00336
StatusUnknown

This text of LTRAC LLC v. Wayne (LTRAC LLC v. Wayne) is published on Counsel Stack Legal Research, covering District Court, D. Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
LTRAC LLC v. Wayne, (D. Idaho 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF IDAHO

LTRAC LLC D/B/A PROSPECTNOW, Case No. 1:23-cv-00336-AKB Plaintiff/Counterdefendant, MEMORANDUM DECISION AND ORDER v.

STEVEN WAYNE, Defendant/Counterclaimant.

STEVEN WAYNE, Third-Party Plaintiff, v. BUILDOUT, INC., Third-Party Defendant.

Pending before the Court are three motions: Defendant/Counterclaimant Steve Wayne’s (Wayne) Motion for Partial Summary Judgment (Dkt. 44); Plaintiff/Counterdefendant LTRAC, LLC (LTRAC) and Third-Party Defendant Buildout, Inc.’s (Buildout) Cross-Motion for Partial Summary Judgment (Dkt. 45); and LTRAC and Buildout’s Motion to Defer Summary Judgment under Rule 56(d) of Federal Rules of Civil Procedure (Dkt. 46). Having reviewed the record and the parties’ submissions, the Court finds that the facts and legal arguments are adequately presented and that oral argument would not significantly aid its decision-making process, and it decides the motions on the parties’ briefing. Dist. Idaho Loc. Civ. R. 7.1(d)(1)(B); see also Fed. R. Civ. P. 78(b) (“By rule or order, the court may provide for submitting and determining motions on briefs, without oral hearings.”). For the reasons set forth below, the Court concludes that the Employment Agreement is fully integrated, barring consideration of extrinsic evidence to interpret it; any bonus is a wage under the Idaho Wage Claim Act (IWCA), Idaho Code §§ 45-601 - 621; and LTRAC has not asserted a viable claim for breach of fiduciary duty. Further, the Court concludes that genuine issues of material fact preclude summary judgment for either party regarding whether LTRAC owes severance pay and whether

Wayne breached the covenant of good faith and fair dealing. BACKGROUND Buildout “is a web platform designed to assist commercial real estate brokers in highly competitive markets” by providing them with various services and management tools. (Dkt. 20 at ¶ 11). Buildout is the sole owner of LTRAC, which Buildout acquired in December 2021, under a Membership Interest Purchase Agreement (MIPA). (Dkt. 39-1 at ¶ 3; Dkt. 44-3 at ¶ 2). Wayne was one of LTRAC’s founders and an owner of LTRAC at the time of its sale to Buildout. (Dkt. 45-1 at ¶¶ 1, 3). After the sale, LTRAC employed Wayne under an Employment Agreement as an employee and LTRAC’s President. (Dkt. 20-1 at ¶ 2). John McKernan, Buildout’s Vice President and

Secretary, executed the Agreement on LTRAC’s behalf. (Id. at p. 13). As an LTRAC employee, Wayne had management discretion over LTRAC’s operations, including over its sales, its invoicing and the “format or substance of [its] contracts.” (Dkt. 45-1 at ¶¶ 32-33). Meanwhile, Buildout retained high-level supervisory authority over Wayne’s work. (Id. at ¶ 32; Dkt 39-3 at ¶ 7, Ex. 4). At issue in this case is whether Wayne is entitled to compensation under two separate provisions of the Employment Agreement, including those governing his right to receive six months of severance pay (Severance) and a bonus (Bonus). (Dkt. 20-1 at ¶¶ 3(b), 5(a)). The Agreement provides Wayne is entitled to the Bonus if he remains employed through December 31, 2022, and if LTRAC receives an identified minimum amount of revenue in 2022 (2022 Revenue). (Id. at ¶ 3(b)). The Agreement defines 2022 Revenue as: [T]he aggregate amount of actual revenue and committed revenue (i.e., bookings, whether or not collected in 2022) . . . actually generated or booked by LTRAC, LLC or its affiliates and properly invoiced in 2022 from the sale of any product or service offered by the company prior to December 31, 2022 . . . .

(Id.). The Agreement, however, does not define “properly invoiced.” The Employment Agreement also provides Wayne is entitled to Severance if certain conditions are met. (Id. at ¶ 5(a)). One of those conditions is that Wayne sign a release waiving “all current or future claims” against LTRAC within twenty-one days of his termination. (Id. at ¶ 5(c)). Attached to the Agreement as Exhibit A is a “Form of Release” (Exhibit A Release). (Id. at Ex. A). The Agreement requires Wayne to execute a release “in substantially the form attached hereto as Exhibit A” in consideration for Severance; otherwise LTRAC is not obligated to pay Severance. (Id. at ¶¶ 5(b), (c)). LTRAC contends that “as of June 2022, it was obvious [it] was not on track to meet the 2022 Revenue threshold required for Wayne to earn the Bonus.” (Dkt. 44-2 at ¶ 9). Further, it asserts that around June 2022, “Wayne unilaterally began modifying the format” of customers’ “Annual Term Monthly Payment Contracts,” which provide that a customer is “obligated only to pay a monthly amount for each month the contract was in force.” (Id. at ¶ 10). Specifically, Wayne began “including a legend [or stamp] on top of the contract that included the word ‘invoice’” and listed the total amount that either reflected the full contractual amount or the amount “Wayne could claim towards” the Bonus. (Id.). LTRAC was aware of Wayne’s invoicing practices and does not claim the contracts themselves were improper. (Dkt. 45-1 at ¶ 16) (“LTRAC and Buildout have never disputed that the Annual Term Monthly Payment Contracts are proper contracts or that the portion of revenue from such contracts . . . should count towards 2022 Revenue”). LTRAC, however, informed Wayne in October 2022 that it disputed his invoicing practices complied with the Employment Agreement, and it alleges Wayne’s invoicing practices constitute improper invoicing. Further, around this same time, LTRAC demanded Wayne fully integrate LTRAC’s sales team with Buildout’s, but Wayne

delayed doing so. (Dkt. 44-2 at ¶¶ 18-19; Dkt. 45 at p. 22). LTRAC terminated Wayne effective December 31, 2022, and the parties disputed whether Wayne was entitled to the Bonus. (Dkt. 49-2 at pp. 1-9). After Wayne notified McKernan that he could not “sign any release” unless it “carved out [the parties’] bonus dispute” (Dkt. 39-3 at p. 19), McKernan proposed a release, to which the parties refer as the January 2023 Release. (Id. at pp. 5- 11). This revised January 2023 Release added the language that Wayne “forfeited” the Bonus: [Wayne] acknowledges and agrees that [LTRAC] did not achieve the specified 2022 Revenue (as defined in the Employment Agreement) threshold, and that in accordance with the terms of the Employment Agreement, the Bonus (as defined in the Employment Agreement) was therefore not earned and is forfeited.

(Id. at Ex. 1, ¶ 2(b)). In response to the proposed January 2023 Release, Wayne affirmed that he was willing “to sign a release substantially in the same format” as the Exhibit A Release; however, he declined to release his claim to the Bonus, stating that he would “carve out an exception” for the Bonus. (Id. at Ex. 2). McKernan, however, stated LTRAC would not pay Severance unless Wayne waived all his claims “without any carve outs.” (Id.). Ultimately, Wayne did not execute any release, and LTRAC did not pay Wayne either the Bonus or Severance. (Dkt. 49-2 at ¶ 17). In July 2023, LTRAC filed this action seeking declaratory relief that Wayne is not entitled to the Bonus under the Employment Agreement. (Dkt. 1). In response, Wayne asserted counterclaims against LTRAC and a third-party complaint against Buildout alleging violations of the IWCA for failure to pay the Bonus and Severance, breach of contract, breach of the implied covenant of good faith and fair dealing, fraudulent inducement, and unjust enrichment. (Dkt. 12).

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