MEDICAL INDICATORS, INC. VS. MOSHE LAVID (C-000032-16, MERCER COUNTY AND STATEWIDE)

CourtNew Jersey Superior Court Appellate Division
DecidedOctober 4, 2021
DocketA-0656-19
StatusUnpublished

This text of MEDICAL INDICATORS, INC. VS. MOSHE LAVID (C-000032-16, MERCER COUNTY AND STATEWIDE) (MEDICAL INDICATORS, INC. VS. MOSHE LAVID (C-000032-16, MERCER COUNTY AND STATEWIDE)) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
MEDICAL INDICATORS, INC. VS. MOSHE LAVID (C-000032-16, MERCER COUNTY AND STATEWIDE), (N.J. Ct. App. 2021).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited . R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0656-19

MEDICAL INDICATORS, INC.,

Plaintiff-Respondent,

v.

MOSHE LAVID,

Defendant-Appellant. ____________________________

Argued March 8, 2021 – Decided October 4, 2021

Before Judges Hoffman, Suter, and Smith.

On appeal from the Superior Court of New Jersey, Chancery Division, Mercer County, Docket No. C-000032-16.

Bruce I. Afran argued the cause for appellant.

Mary Sue Henifin argued the cause for respondent (Buchanan Ingersoll & Rooney, PC, attorneys for respondent; Mary Sue Henifin, of counsel and on the brief).

The opinion of the court was delivered by

SUTER, J.A.D. Defendant Moshe Lavid appeals the trial court's September 5, 2019 order

that limited his ownership interest in plaintiff Medical Indicators, Inc . (MII) to

100,000 shares of common stock. He argues the order was not supported by

substantial, credible evidence and that it relied on the erroneous admission

under New Jersey Rule of Evidence 804(b)(6) of business journal entries by a

deceased declarant. Defendant argues the trial court erred as a matter of law

by finding his claims were barred by the statute limitations for contracts and

by the equitable doctrine of laches. We affirm the September 5, 2019 order

largely for reasons expressed by Judge Paul Innes, P.J. Ch., in his

comprehensive, written decision of August 14, 2019.

I.

A. 1 The case involves a dispute over the number of MII shares that

defendant owns. In June 2016, MII filed an order to show cause and verified

complaint in the Chancery Division seeking injunctive and declaratory relief

against defendant. Count One sought to enjoin defendant from claiming he

was entitled to more than 100,000 shares in MII. Count Two alleged

defendant's material breach of an agreement excused MII from issuing any

1 On April 15, 2019, MII was acquired by Medical Indicators Holding, Inc. A-0656-19 2 more shares to him. Count Three alleged defendant's claim was barred by the

six-year statute of limitations for contracts, while Count Four claimed it was

barred by the doctrine of laches. Counts Five and Six requested declaratory

relief barring additional shares because defendant breached an agreement and

failed to make required payments. Count Seven claimed defendant did not

participate in required research. Count Eight claimed there was an accord and

satisfaction.

On August 1, 2016, defendant filed an answer that included

counterclaims. In Count One, he requested a declaratory judgment that he

owned twelve-and-a-half percent of the shares of MII. Count Two requested a

judgment dismissing MII's verified complaint.

The case was tried over multiple days. On August 14, 2019, the trial

court issued a written decision granting "judgment in favor of [MII] on its

complaint and against defendant on his counterclaim." The court found

defendant owned 100,000 shares of MII. On September 5, 2019, it entered an

order granting relief to MII on Counts One (injunction), Two (breach of

agreement), Three (statute of limitations), Four (laches) and Six (failure to

pay). The court found the remaining claims were moot in light of its decision

on the other counts.

A-0656-19 3 Defendant appealed the September 5, 2019 order. The value of these

shares — which is $1,831,809.63 — remains on deposit with the Superior

Court Clerk's office by consent of the parties.

B.

MII was incorporated in New Jersey in 1984 by Robert J. Witonsky

("Witonsky"). He was MII's president and chief executive officer. MII

manufactured clinically accurate disposable thermometers. Witonsky passed

away in 2002.

On June 7, 1988, MII and defendant entered into a written shares

agreement (the Shares Agreement). Pursuant to the Shares Agreement,

defendant agreed to invest $25,000 in MII payable as follows: $10,000 on or

before June 13, 1988, and $15,000 on or before September 30, 1988. He

agreed to assist MII in "[s]mall [b]usiness [i]novation (sic) [r]esearch

[p]rograms" and to submit applications to the State for additional funding that

MII might be able to obtain because of these small business contracts. In

exchange, the Shares Agreement provided defendant was granted common

stock in MII "equivalent to ownership of ten . . . percent of all shares," which

were protected against "dilution" for a year. He also would receive common

stock "at a rate of one . . . percent of the total authorized shares for every

A-0656-19 4 twenty thousand . . . dollars of contracts awarded to MII on which [defendant]

is a participant of record." If defendant did not pay $15,000 on or before

September 30, 1988, the Shares Agreement provided "the terms [sic] of this

agreement shall become null and void; however, [defendant] shall retain one

hundred thousand (100,000) shares of MII common stock." Witonsky signed

the Shares Agreement for MII; defendant signed it individually.

The parties do not dispute that defendant paid $10,000 and that he is a

shareholder of MII holding 100,000 shares. What is disputed is whether

defendant paid the second payment of $15,000 and thus, whether he owns

twelve-and-a-half percent of the shares of MII.

Defendant owned M.L. Energia, Inc. (Energia). He alleges he paid

Witonsky the additional $15,000 by entering into a sham "consulting

agreement" with Witonsky through Energia. MII contends the consulting

agreement was a valid agreement and that the $15,000 payment to Witonsky

was for consulting services he performed and not for additional shares.

The Consulting Agreement, dated October 1, 1987, was signed by

Witonsky as "consultant" and by defendant for Energia. Under the Consulting

Agreement, Witonsky agreed to provide the services of a consultant in certain

specialized areas, which were handwritten into the Consulting Agreement.

A-0656-19 5 The term of the Consulting Agreement was October 1, 1987 to September 30,

1988. Under it, Witonsky would be paid at a rate of $62.50 per hour. He was

to provide Energia with an invoice of the work he performed, and Energia

would compensate Witonsky within sixty days after receipt of the invoice.

The Consulting Agreement "constitute[d] the entire understanding between the

parties" and was not to be modified unless in writing "executed by both

parties."

In a "Consulting Retainer," which was not dated, but was signed by

Witonsky and by defendant for Energia, Energia retained Witonsky as an

independent contractor for a total of fifty days from October 1, 1987, to

September 30, 1988, for $500 per day. Witonsky was to provide written

reports when requested. The parties' signatures reflected this was the parties'

"total understanding of this Retainer."

In an invoice to Energia dated May 16, 1988, Witonsky requested

compensation for his consulting services from "Oct. 1, 1987 through May 15,

1988" for a total of thirty consulting days at the rate of $500 per day, totaling

$15,000. Energia paid this invoice by a check dated July 1, 1988, to

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MEDICAL INDICATORS, INC. VS. MOSHE LAVID (C-000032-16, MERCER COUNTY AND STATEWIDE), Counsel Stack Legal Research, https://law.counselstack.com/opinion/medical-indicators-inc-vs-moshe-lavid-c-000032-16-mercer-county-and-njsuperctappdiv-2021.