NextEngine Inc. v. NextEngine, Inc.

District Court, C.D. California·Decided September 3, 2021·No. 2:19-cv-00249·Unknown

Opinion

NextEngine Inc., Case No. 2:19-CV-00249-AB (MAA) Plaintiff, v. CONCLUSIONS OF LAW TRIAL DATE: STIPULATED NextEngine, Inc., et al., and Mark S. FACTS TRIAL Knighton, Defendants.

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

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

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

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

Procedure 52.

The Parties and Related Entities and Individuals

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

(“JSF”), ¶ 1 (Dkt. No. 80).

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

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

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

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

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

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

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

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

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

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

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

The 2008 Secured Loan and its Subsequent Restructuring

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

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

to Bigfoot as collateral. JSF, ¶ 10.

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

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

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

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

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

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

the Pledge Agreement. (Id.)

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

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

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

Bigfoot solely for that purpose. JSF, ¶ 12.

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

[IP] Rights.” JSF, ¶ 14.

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

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

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

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

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

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

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

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

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

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

the A&L Agreement. JSF, ¶ 18.

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

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

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

essential purpose. (Id.)

iii. The Share Mortgage Agreement

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

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

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

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

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

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

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

doubt, in the event of a permitted sale of the NextPat shares of IP, the proceeds must

be applied towards the satisfaction or partial satisfaction of the Note without prejudice

to [Bigfoot’s right] to sue for any deficiency of the Note.” JSF, ¶ 23.

21. Once all obligations have been paid, Bigfoot’s security interest would be

“discharged and extinguished.” JSF, ¶ 24.

iv. The Shareholders Agreement

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

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

NextEngine Inc. v. NextEngine, Inc. (NextEngine Inc. v. NextEngine, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

Waterman v. MacKenzie
138 U.S. 252 (Supreme Court, 1891)
Lujan v. Defenders of Wildlife
504 U.S. 555 (Supreme Court, 1992)
United States v. Hays
515 U.S. 737 (Supreme Court, 1995)
Paradise Creations, Inc. v. Uv Sales, Inc.
315 F.3d 1304 (Federal Circuit, 2003)
United States v. Mousli
511 F.3d 7 (First Circuit, 2007)
Glow Industries, Inc. v. Lopez
252 F. Supp. 2d 962 (C.D. California, 2002)
Great Minds v. Office Depot, Inc.
945 F.3d 1106 (Ninth Circuit, 2019)
Teamsters, Local 396 v. Nasa Services, Inc.
957 F.3d 1038 (Ninth Circuit, 2020)
Prima Tek II, L.L.C. v. A-Roo Co.
222 F.3d 1372 (Federal Circuit, 2000)
Novalogic, Inc. v. Activision Blizzard
41 F. Supp. 3d 885 (C.D. California, 2013)