NextEngine Inc. v. NextEngine, Inc.

CourtDistrict Court, C.D. California
DecidedSeptember 3, 2021
Docket2:19-cv-00249
StatusUnknown

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

Bluebook
NextEngine Inc. v. NextEngine, Inc., (C.D. Cal. 2021).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 CENTRAL DISTRICT OF CALIFORNIA 10 NextEngine Inc., Case No. 2:19-CV-00249-AB (MAA) 11 Plaintiff, 12 FINDINGS OF FACT AND 13 v. CONCLUSIONS OF LAW TRIAL DATE: STIPULATED 14 NextEngine, Inc., et al., and Mark S. FACTS TRIAL Knighton, 15 Defendants. 16

17 This matter was submitted to this Court, sitting without a jury, on April 9, 2021. 18 Marc Reich of Reich Radcliffe and Hoover LLP and Peter Moroh of Peter K. 19 Moroh Law Offices represented Plaintiff NextEngine Inc. (“Plaintiff”). Johnny Kim 20 of J. Kim, APLC represented Defendants NextEngine, Inc. and Mark S. Knighton 21 (“Defendants”). 22 Plaintiff has asserted claims for direct, indirect, and contributory patent and 23 trademark infringement, as well as unfair competition. The dispositive issue is the 24 effect of several agreements on ownership of the subject intellectual property. The 25 parties waived jury trial, agreed that the material facts were undisputed, and elected to 26 proceed with a bench trial in order for the Court to determine the legal effect of the 27 stipulated facts. The parties filed Joint Stipulated Facts for Stipulated Jury Trial (Dkt. 28 1 No. 80), along with trial briefs (Dkt. Nos. 81–82) and proposed findings of fact and

2 conclusions of law (Dkt. Nos. 86–87). Given the parties’ stipulation, the foregoing are

3 the only materials the Court considered in resolving this case. The Court makes the

4 following findings of fact and conclusions of law pursuant to Federal Rule of Civil

5 Procedure 52.

6 FINDINGS OF FACT

7 The Parties and Related Entities and Individuals

8 1. Plaintiff is a New York based corporation. Joint Stipulated Facts

9 (“JSF”), ¶ 1 (Dkt. No. 80).

10 2. Defendants are a California based corporation and an individual who is a

11 chief agent of that corporation. JSF, ¶ 2. The individual, Defendant Marc S.

12 Knighton (“Knighton”), is the Founder, Chairman, Chief Executive Officer, and

13 largest shareholder of Defendant NextEngine (“Defendant”).1 JSF, ¶ 3.

14 3. Bigfoot Ventures Ltd. (“Bigfoot”) is a foreign company formed in the

15 British Virgin Islands and based in Hong Kong, S.A.R. JSF, ¶ 4.

16 4. NextPat Ltd. (“NextPat”) is a foreign company formed and also based in

17 Hong Kong. JSF, ¶ 5. Upon NextPat’s formation, Bigfoot owned 51 of Nextpat’s 100

18 shares and Defendant owned the other 49. JSF, ¶ 5.

19 5. Michael Gleissner is one of the Defendant’s largest shareholders a nd is 20 the owner and operator of Plaintiff, Bigfoot, and NextPat. JSF, ¶ 6. 21 The Intellectual Property-In-Suit 22 6. Defendant is involved in research, development, manufacturing, and sale 23 of three-dimensional laser scanners. JSF, ¶ 7. 24 7. In the course of its business, Defendant obtained numerous patent and 25 trademark registrations (“NextEngine IP”, or “the IP”), listing Knighton as an 26 27 1 Henceforth, Defendant will refer specifically to Defendant NextEngine unless 28 otherwise stated. 1 inventor, in order to protect the technology, character mark, and logos of Defendant’s

2 flag shift product (the “3D Ultra HD” laser scanner, or “the Scanner”). JSF, ¶¶ 7–9.

4 The 2008 Secured Loan and its Subsequent Restructuring

5 8. Between 2002 and 2005, Bigfoot made a series of loans to Defendant in

6 secured promissory notes and security agreements, wherein Defendant pledged the IP

7 to Bigfoot as collateral. JSF, ¶ 10.

8 9. On June 2, 2008, Defendant and Bigfoot agreed to restructure the

9 security loan pursuant to six agreements concurrently prepared and executed, which

10 collectively constituted one secured loan and security agreement (collectively, the

11 “2008 Loan Agreements”). This agreement included (i) a 2008 Promissory Note

12 (“2008 Note”), (ii) an Assignment and License Agreement, (iii) a Share Mortgage

13 Agreement, (iv) a Shareholders Agreement, (v) a Mutual Release Agreement, and (vi)

14 the Pledge Agreement. (Id.)

15 10. The restructuring did not disturb Bigfoot’s first place security interest in

16 the IP, rather, it simply required that the collateral be assigned to and held by a third

17 party custodian or escrow entity (NextPat), which was created by Defendant and

18 Bigfoot solely for that purpose. JSF, ¶ 12.

19 i. The Promissory Note 20 11. The Promissory Note required Defendant to assign its IP to NextPat via 21 the Assignment and License Agreement. JSF, ¶ 13(a). 22 12. It defines “Collateral” as “all of NextPat’s right, title, and interest in and 23 to” all of the IP Rights, and that “[IP] Rights” shall have the meaning set forth in 24 section 1 of the Assignment and License Agreement. JSF, ¶ 13(b–c). 25 ii. The Assignment and License Agreement 26 13. The Assignment and License Agreement (“A&L Agreement”) reflected 27 that “[i]n order [to] facilitate the [Promissory] Note restructuring NextEngine and 28 NextPat each desire that NextPat receive ownership of all of the [IP] Rights currently 1 held by [Defendant] and that [Defendant] receive an exclusive license back to such

2 [IP] Rights.” JSF, ¶ 14.

3 14. Section 1 of the A&L Agreement assigned NextPat “all of [Defendant’s]

4 rights, title and interest in and to the [IP] Rights,” including the IP. JSF, ¶ 15.

5 15. Section 2(a) of the A&L Agreement granted Defendant an exclusive

6 license (the “License”) to freely use the IP Rights “subject to certain revocation rights,

7 including if Defendant defaulted under the Promissory Note.” JSF, ¶ 16. Section 2(b)

8 provides that, notwithstanding an event of default, the License would remain

9 irrevocable if Defendant paid the monthly interest and quarterly fees. JSF, ¶ 17. The

10 irrevocable license would prohibit NextPat from selling the IP or attaching any other

11 encumbrances to it. (Id.) Section 2(c) provides that if the License becomes revocable,

12 “NextPat may, upon written Notice to [Defendant], terminate the license” granted by

13 the A&L Agreement. JSF, ¶ 18.

14 16. Section 4 of the A&L Agreement limits each party’s total liability to the

15 other party, relating to this agreement, to fifty dollars. JSF, ¶ 19. This limitation is

16 applicable even if any remedy provided in the agreement is found to have failed its

17 essential purpose. (Id.)

18 iii. The Share Mortgage Agreement

19 17. For the Share Mortgage Agreement (“SM Agreement”), Defendan t 20 deposited share certificates with Bigfoot, evidencing Defendant’s 49 shares in NextPat 21 as security for BigFoot’s loan ( “Mortgaged Shares”). JSF, ¶ 20. 22 18. The SM agreement provided that, if Defendant defaulted under the 2008 23 Note, “the security would become enforceable.” JSF, ¶ 21. However, if Defendant 24 paid the monthly interest and certain quarterly fees, Bigfoot and its affiliates 25 (including NextPat) retained all of the Mortgaged Shares, with NextPat retaining the 26 IP collateral assigned by Defendant. (Id.) In the absence of default, Bigfoot also 27 agreed to defer any sale, solicitation for sale, or other disposition or encumbrance of 28 the IP. (Id.) 1 19. The SM Agreement states that, subject to the conditions above (in ¶ 18)

2 and the rest of the agreement, if a default occurs, “Bigfoot could exercise any rights

3 with respect to the Mortgaged Shares and the [IP] Rights, including without

4 limitation, (i) the transfer to, and retention by, Bigfoot of the Mortgages Shares, (ii)

5 the sale, disposition or licensing of the [IP] Rights, or (iii) the sale of the Mortgaged

6 Shares ([citing SM] Agreement, p. 8, ¶ 10). JSF, ¶ 22.

7 20. Paragraph 11 of the SM Agreement states that, “for the avoidance of

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