Novi Footwear International Co. Limited v. Earth OpCo LLC

District Court, D. Massachusetts·Decided November 2, 2022·No. 1:22-cv-10952·Unknown

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF MASSACHUSETTS

CIVIL ACTION NO. 22-10952-RGS

NOVI FOOTWEAR INTERNATIONAL CO. LIMITED, Plaintiff

v.

EARTH OPCO LLC, WINDSONG CAPITAL MANAGEMENT LLC, and WILLIAM SWEEDLER, Defendants, and

SECOND AVENUE CAPITAL PARNTERS LLC, Intervenor Defendant.

MEMORANDUM AND ORDER ON DEFENDANTS’ MOTION TO DISMISS

November 2, 2022

STEARNS, D.J. Novi Footwear International Co. Limited (Novi) brought this action against Earth OpCo LLC (Earth); Windsong Capital Management LLC (Windsong), an affiliate of Earth’s private equity owner; and William Sweedler, the CEO of Windsong and Earth. Novi seeks to hold defendants liable for the alleged breach of contracts for the purchase of specialty footwear. The Complaint is set out in five Counts against all defendants: breach of contract (Count I), goods sold and delivered (Count II), unjust enrichment (Count III), conversion (Count IV), and a claim for injunctive relief (Count V). Defendants now move to dismiss Counts I and II as to Windsong and Sweedler, and Counts III, IV, and V as to all defendants. After careful review of the parties’ arguments, the court will ALLOW IN

PART and DENY IN PART the motion to dismiss. BACKGROUND The court recited the facts of the case in its preliminary injunction order (Dkt # 40) and its Summary Judgment order (Dkt # 104), and,

assuming the parties’ familiarity with those opinions, will simply recite the Complaint’s core allegations. Novi manufactures and sources footwear products for shoe brands,

including Earth. In June of 2020, Earth entered into a Product Exclusivity Agreement with Novi for the purchase of seasonal and specially made footwear bearing Earth’s trademarks. The parties entered a subsequent agreement (the November 1, 2020 Letter Agreement) granting Novi an

option to sell the footwear products directly under the Earth label should Earth default on its payment obligations. Windsong Global LLC acquired Earth in 2021. Following the acquisition, Earth unilaterally determined that it would extend the time

during which it would make payments on Novi’s invoices. In November of 2021, Earth informed Novi that it would not make payments in full and asked

2 to defer the payment of outstanding invoices. The parties entered into a Letter Agreement on December 21, 2021, in which Earth acknowledged its

debt to Novi and authorized Novi to sell Earth-labeled footwear products once Earth’s debt exceeded $3 million. That arrangement did not endure. On January 3, 2022, after Earth remained in default, Novi cancelled pending shipments and demanded that

Earth enter a more tangible payment plan. Those negotiations culminated in the February 13, 2022 Letter Agreement, in which Earth agreed to an installment payment plan covering the $9.6 million it then owed Novi for

Earth’s spring/summer 2022 product line. The agreement further provided that in the event of another default, Novi would retain title to the footwear products and/or would have the right to sell the products directly to third parties. Earth also agreed to pay Novi the $4.9 million it owed for

the fall/winter 2021 product line by September 30, 2022. Novi resumed shipments to Earth shortly after the execution of the February 13, 2022 Letter Agreement. Earth promptly defaulted on the payment plan, refused to make payments on the outstanding invoices, and

declined to return the footwear products to Novi. Novi alleges that Sweedler is now deliberately bankrupting Earth by using Windsong to

3 extract management service fees from Earth. DISCUSSION

To survive a motion to dismiss, a complaint must plead “enough facts to state a claim to relief that is plausible on its face.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 570 (2007). The plausibility standard invites a two-step inquiry. First, “the court must separate the complaint’s factual

allegations (which must be accepted as true) from its conclusory legal allegations (which need not be credited).” Morales-Cruz v. Univ. of P.R., 676 F.3d 220, 224 (1st Cir. 2012). Second, the court “must determine

whether the ‘factual content . . . allows the court to draw the reasonable inference that the defendant is liable for the misconduct alleged.’” Id., quoting Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009). A. Breach of Contract (Count I) and Goods Sold and Delivered (Count II) Defendants assert that Novi’s breach of contract and goods sold and delivered claims should be dismissed as to Windsong and Sweedler because

the Complaint alleges that Earth alone was party to the contractual relationships that figure in the dispute. For its part, Novi seeks to hold Sweedler and Windsong liable on a theory of piercing the corporate veil.

Under Massachusetts law, there is a strong presumption of corporate 4 separateness. See Scott v. NG U.S. 1, Inc., 450 Mass. 760, 766 (2008). Thus, courts will look beyond the corporate form “[o]nly in rare instances, in

order to prevent gross inequity.” Spaneas v. Travelers Indem. Co., 423 Mass. 352, 354 (1996). It is insufficient for a parent to exercise “some form of pervasive control” over the subsidiary; there must be “some fraudulent or injurious consequence of the intercorporate relationship,” or “a confused

intermingling of activity of two or more corporations engaged in a common enterprise with substantial disregard of the separate nature of the corporate entities, or serious ambiguity about the manner and capacity in

which the various corporations and their respective representatives are acting.” Scott, 450 Mass. at 767. In determining whether to pierce the corporate veil, the court looks to twelve factors: (1) common ownership; (2) pervasive control; (3) confused intermingling of business activity assets, or management; (4) thin capitalization; (5) nonobservance of corporate formalities; (6) absence of corporate records; (7) no payment of dividends; (8) insolvency at the time of the litigated transaction; (9) siphoning away of corporate assets by the dominant shareholders; (10) nonfunctioning of officers and directors; (11) use of the corporation for transactions of the dominant shareholders; (12) use of the corporation in promoting fraud. Evans v. Multicon Constr. Corp., 30 Mass. App. Ct. 728, 733 (1991), citing Pepsi-Cola Metro. Bottling Co. v. Checkers, 754 F.2d 10, 14-16 (1st Cir. 1985). Applying these factors, the court concludes that Novi has not alleged 5 sufficient facts in support of its corporate veil theory. Novi primarily relies on the allegations that Sweedler was CEO of both Earth and Windsong, was

responsible for Earth’s default on its payments to Novi, and used his control of Earth to extract management fees. See Opp’n (Dkt # 51) at 11-12. Sweedler’s control of both Earth and Windsong is not however, by itself, probative of fraud or the looting of corporate assets. Further, the allegation

that Sweedler has caused Earth to pay a “management fee” to Windsong, leaving it “substantially undercapitalized and unable to pay its debts,” is too conclusory to support disregard of the corporate form. Compl. (Dkt # 1)

¶ 37. Novi, in sum, has failed to plead its way over the high bar for veil- piercing under Massachusetts law. Consequently, the court will dismiss Novi’s breach of contract claim and the goods sold and delivered claim as to Windsong and Sweedler without prejudice.

B.

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