Mancinelli v. Momentum Research, Inc.

2012 NCBC 4
CourtNorth Carolina Business Court
DecidedJanuary 12, 2012
Docket09-CVS-1383
StatusPublished

This text of 2012 NCBC 4 (Mancinelli v. Momentum Research, Inc.) 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
Mancinelli v. Momentum Research, Inc., 2012 NCBC 4 (N.C. Super. Ct. 2012).

Opinion

Mancinelli v. Momentum Research, Inc., 2012 NCBC 4.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION COUNTY OF DURHAM 09 CVS 1383

KAREN L. MANCINELLI, ) Plaintiff ) ) v. ) OPINION AND ORDER ON MOTION ) FOR SUMMARY JUDGMENT MOMENTUM RESEARCH, INC., ) Defendant )

THIS CAUSE, designated a complex business case by Order of the Chief Justice

of the North Carolina Supreme Court, pursuant to N.C. Gen. Stat. § 7A-45.4(b)

(hereinafter, all references to the North Carolina General Statutes will be to "G.S."), and

assigned to the undersigned Chief Special Superior Court Judge for Complex Business

Cases, comes before the court upon Defendant’s Motion for Summary Judgment (the

"Motion"), pursuant to Rule 56, North Carolina Rules of Civil Procedure ("Rule(s)"); and

THE COURT, after considering the Motion, briefs in support of and opposition to

the Motion, affidavits, other submissions of counsel and appropriate matters of record,

CONCLUDES that the Motion should be GRANTED in part and DENIED in part, as

reflected herein.

Glenn, Mills, Fisher and Mahoney, PA, by Carlos E. Mahoney, Esq. for Plaintiff.

Jordan Price Wall Gray Jones & Carlton, PLLC, by Paul T. Flick, Esq. and Lori P. Jones, Esq. for Defendant.

Jolly, Judge. PROCEDURAL BACKGROUND

[1] On November 4, 2009, Plaintiff Karen L. Mancinelli ("Mancinelli") filed her

amended Complaint, in which she alleges three (3) claims for relief ("Claim(s)"): First

Claim (Breach of Contract – Employment Agreement), Second Claim (Breach of

Contract – Shareholder Agreement or Pre-Incorporation Agreement) and Third Claim

(Violations of the North Carolina Wage and Hour Act).

[2] Defendant has answered timely and raised certain affirmative defenses.

Defendant's Motion has been fully briefed and argued, and is ripe for determination.

FACTUAL BACKGROUND

Unless otherwise indicated herein, the material facts reflected in paragraphs 3

through 31 of this Opinion and Order exist, are undisputed 1 and are pertinent to the

issues raised by the Motion.

[3] At times material to this action, Plaintiff was a Director of Program

Management of Clinical Research and Trials ("Director of Program Management") with

Defendant Momentum Research, Inc. ("Momentum"), a Delaware corporation that is

duly licensed to conduct business in North Carolina. 2

[4] Momentum is engaged in the business of managing and directing clinical

trials involving cardiovascular drugs and products. 3

[5] Gadi Cotter, M.D. ("Cotter"), at times material, was President and Chief

Executive Officer of Momentum. 4

1 It is not proper for a trial court to make findings of fact in determining a motion for summary judgment under Rule 56. However, it is appropriate for a Rule 56 order to reflect material facts that the court concludes exist and are not disputed, and which support the legal conclusions with regard to summary judgment. Hyde Ins. Agency v. Dixie Leasing Corp., 26 N.C. App. 138 (1975). 2 Amd. Compl. ¶¶ 7, 2. 3 Id. ¶ 3. 4 Id. ¶ 8a. [6] Phillip W. Lemons, II ("Lemons"), at times material, was Vice President of

Momentum. 5

[7] Beth D. Weatherly ("Weatherly"), at times material, was Vice President of

Biometrics of Momentum. 6

[8] Michele Rund ("Rund"), at times material, was Director of Global Program

Management of Momentum. 7

[9] Prior to joining Momentum, Plaintiff was employed by the Duke Clinical

Research Institute ("DCRI") as a senior project leader in clinical trials. 8

[10] In or around late March 2007, Cotter, then also employed by DCRI, told

Plaintiff that Cotter, Lemons, Weatherly and Rund were beginning Momentum and that

they would like for Plaintiff to join them as an owner of Momentum. 9 Plaintiff contends

that Cotter offered her a fifteen percent (15%) ownership interest in Momentum. 10

Cotter also informed Plaintiff that if she agreed to join Momentum, she would be

employed as a senior project manager and her starting salary would be the same as at

DCRI. 11

[11] Plaintiff decided to leave DCRI and joined Momentum some time in April

2007. 12 On April 9, 2007, Momentum was incorporated. 13

[12] On April 10, 2007, Momentum’s Board of Directors met and issued a

resolution (the "Resolution") that authorized Momentum’s officers to sell and issue 520

5 Id. ¶ 8b. 6 Id. ¶ 8c. 7 Id. ¶ 8d. 8 Id. ¶ 13. 9 Id. ¶ 20. 10 Id. ¶ 21. 11 Id. ¶ 23. 12 Id. ¶ 25. 13 Id. ¶ 29. of the 1000 shares in the company for the purchase price of $.01 per share. 14 The

Resolution authorized Momentum’s Board to sell and issue ninety (90) of the 520

Momentum shares to Plaintiff for $.90, which amounted to fifteen percent (15%) of the

total shares in the company. 15 Momentum also adopted bylaws during the April 10,

2007 meeting. 16

[13] Momentum contends that the directors subsequently reconsidered the

immediate offering of stock and formally rescinded the Resolution on July 10, 2007. 17

Momentum alleges that the issuance and sale of stock was deferred to see how the

company financially progressed before confirming the ownership structure. 18

[14] In early June 2007, Lemons asked Plaintiff to sign an employment

agreement (the "Employment Agreement") setting forth the terms of her employment at

Momentum. 19 Plaintiff signed and executed the Employment Agreement on May 30,

2007. 20 The Employment Agreement was for a one-year term beginning on June 1,

2007, and ending May 31, 2008. 21

[15] The Employment Agreement contains termination provisions for (a) cause,

(b) without cause and (c) disability. 22 With regard to for cause termination, section 5(a)

of the Employment Agreement provides in pertinent part:

Termination by the Company for Cause. During Employee’s employment with the Company, at any time, the Company may terminate this Employee’s employment immediately and without prior notice if such termination is for "Cause." For

14 Id. ¶ 32. 15 Id. ¶ 33. 16 Id. ¶ 35. 17 Def. Mem. Law Supp. Mot. Summ. J. 7; G. Cotter Dep. 67-78. 18 Id. 19 Id. ¶ 48. 20 Id. ¶ 50. 21 Id. ¶ 52. 22 Lemons Dep. Ex. 9. purposes of this Agreement, "Cause" means: (i) Employee’s gross negligence or willful and wanton misconduct which in either case results in material harm to the financial condition, business, reputation, assets, or prospects of the Company; (ii) Employee’s fraud, misappropriation, embezzlement relating to the Company; (iii) Employee’s commission of any felony or any other offense that results in an active sentence of imprisonment; (iv) Employee’s failure or refusal to perform his or her job duties or other breach of a material term of this Agreement; (v) Employees failure to carry out directions (consistent with his/her position with the Company) of the Company’s management or Board of Directors of the Company; and/or (vi) Employee’s death. If the Company terminates Employee’s employment for Cause at any time, the Company will pay Employee (or his/her heirs or successors) only for Employee’s accrued base salary at the then-current rate through the termination date (payment for any accrued, unused paid time off will be paid in accordance with the Company’s policies.) 23

[16] The termination without cause provision of the Employment Agreement,

section 5(b), provides in pertinent part:

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Bluebook (online)
2012 NCBC 4, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mancinelli-v-momentum-research-inc-ncbizct-2012.