Patrick Grayson, Graygull Holdings, L.L.C., and Class Act Transit, L.L.C. v. Alan Jefferey Gulledge, Kelly Aldy, and J&K Operations, L.L.C.

CourtLouisiana Court of Appeal
DecidedSeptember 27, 2023
Docket55,214-CA
StatusPublished

This text of Patrick Grayson, Graygull Holdings, L.L.C., and Class Act Transit, L.L.C. v. Alan Jefferey Gulledge, Kelly Aldy, and J&K Operations, L.L.C. (Patrick Grayson, Graygull Holdings, L.L.C., and Class Act Transit, L.L.C. v. Alan Jefferey Gulledge, Kelly Aldy, and J&K Operations, L.L.C.) is published on Counsel Stack Legal Research, covering Louisiana Court of Appeal primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Patrick Grayson, Graygull Holdings, L.L.C., and Class Act Transit, L.L.C. v. Alan Jefferey Gulledge, Kelly Aldy, and J&K Operations, L.L.C., (La. Ct. App. 2023).

Opinion

Judgment rendered September 27, 2023. Application for rehearing may be filed within the delay allowed by Art. 2166, La. C.C.P.

No. 55,214-CA

COURT OF APPEAL SECOND CIRCUIT STATE OF LOUISIANA

*****

PATRICK GRAYSON, Plaintiffs-Appellees GRAYGULL HOLDINGS, L.L.C., AND CLASS ACT TRANSIT, L.L.C.

versus

ALAN JEFFEREY GULLEDGE, Defendants-Appellants KELLY ALDY, AND J&K OPERATIONS, L.L.C.

Appealed from the Second Judicial District Court for the Parish of Jackson, Louisiana Trial Court No. 36,055

Honorable Charles Glenn Fallin, Judge

THE PESNELL LAW FIRM, APLC Counsel for Appellants By: J. Whitney Pesnell

LAW OFFICES OF RUSSELL A. Counsel for Appellees WOODARD, JR. LLC By: Russell A. Woodard, Jr.

Before COX, ROBINSON, and MARCOTTE, JJ. COX, J.

This case arises out of the Second Judicial District Court, Jackson

Parish, Louisiana. Patrick Grayson, individually and on behalf of Class Act

Transit, LLC (“CAT”) and Graygull Holdings, LLC (“GGH”) (collectively

referred to as the “Plaintiffs”), filed suit against Alan Jefferey Gulledge,

Kelly Aldy, and J&K Operations, L.L.C. (“J&K”) (collectively referred to as

the “Defendants”). The trial court granted the Plaintiffs’ motion for partial

summary judgment against Gulledge on the issue of breach of fiduciary

duty. Defendants now appeal the trial court’s judgment. For the following

reasons, we affirm the trial court’s judgment.

FACTS

On August 30, 2018, Grayson and Gulledge formed CAT and GGH in

order to operate a commercial trucking business. They each have 50 percent

ownership in CAT, which is registered in Nebraska. Grayson owns 85

percent of GGH and Gulledge owns the remaining 15 percent. GGH is

registered in Louisiana. CAT and Reserve Equipment, Inc. (“Reserve”)

entered into a transportation services agreement on September 13, 2018.

On October 15, 2019, Grayson filed a criminal complaint against

Gulledge with the Jackson Parish Sheriff’s Office alleging that Gulledge had

embezzled or stolen funds or property from CAT/GGH. On July 9, 2020,

Grayson filed a criminal complaint with the Louisiana State Police making

the same allegations of embezzlement/stolen funds and adding allegations of

drug trafficking. Criminal charges were never filed against Grayson.

On December 9, 2019, Gulledge resigned as manager of CAT/GGH.

On December 10, 2019, Gulledge was employed by Steven White to manage

SS7, LLC (“SS7”). On January 6, 2020, Grayson, individually and on behalf of CAT and

GGH, filed a petition for damages against Gulledge. The Plaintiffs asserted

that Gulledge breached his fiduciary duties of trust, loyalty, and candor

owed to them through various acts and omissions, including but not limited

to self-dealing and mismanagement. According to the Plaintiffs, from June

2018 through November 2019, Gulledge incurred between $128,000 and

$400,000 in expenses that were not reasonably attributable to CAT/GGH

and grossly mismanaged the companies. They alleged that Gulledge’s

expenses were used for his personal benefit in the following ways: Gulledge

withdrew over $70,000 in cash without receipts; Gulledge spent over

$17,000 at Wal-Mart, Sam’s Club, sporting goods stores, clothing stores,

restaurants, liquor stores, and a strip club; Gulledge transferred $16,500

from CAT/GGH to his personal account and $14,650 from CAT/GGH to

another business owned by Gulledge; Gulledge used company funds for

dog-sitting fees, PayPal transfers, and CashApp transfers to individuals not

associated with CAT/GGH; Gulledge used a CAT/GGH account to purchase

a boat; Gulledge purchased approximately $10,000 in unleaded fuel, but the

company vehicles do not use unleaded fuel; Gulledge wire-transferred large

sums of money to a ComData1 account without receipts to explain why the

funds were disbursed; CAT/GGH accounts were overdrawn when Gulledge

resigned; and, Gulledge spent CAT/GGH money on himself, his family, and

friends, which caused multiple overdraft and insufficient funds fees.

The Plaintiffs alleged that Gulledge mismanaged CAT/GGH in the

following ways: Gulledge failed to properly hire, train, and supervise

1 ComData provides cash payments to drivers. 2 employees; Gulledge exhibited purposeful lack of upkeep on federally

mandated electronic log equipment; Gulledge failed in multiple federal and

state reporting requirements, including the federally mandated International

Fuel Tax Agreement (“IFTA”); when Gulledge resigned, all company

equipment loans were past due; Gulledge did not submit quarterly IRS

payments or reports timely; Gulledge withdrew approximately $4,400 on his

last day as “a portion of his capital investment,” but Gulledge had not put

any capital investment into the companies; Gulledge left all trucks dirty and

with empty fuel tanks; Gulledge removed necessary chains, straps, and

binders from the trucks; Gulledge switched good front tires from one truck

with old, bald, dangerous tires; televisions and microwaves were missing

from the large trucks; Gulledge left one Peterbilt 579 tractor sitting near

Orlando, Florida, and one reefer trailer sitting outside Birmingham,

Alabama, unattended and with no plan on returning them to the Quitman,

Louisiana, area; Gulledge retained one Volvo tractor and a 3-car “wedge”

trailer until “an appropriate arrangement has been made for his portion of the

business to be negotiated”; and, Gulledge left the Plaintiffs’ remaining

vehicles on a lot owned by White in Simsboro, Louisiana, who was going to

have the equipment impounded if it was not removed.

The Plaintiffs claimed that Gulledge concealed his self-dealing and

mismanagement from Grayson; therefore, Grayson did not suspect any

problems until August 2019. They stated that as a result of Gulledge’s

actions, Grayson’s credit score has dropped from the high 800s to the 600s,

which directly affects his personal and professional ability to obtain credit.

They listed their damages as stolen funds, lost profits and earning capacity,

attorney fees as authorized by law, court costs and legal interest, bad-faith 3 damages, and any other relief to which they may be entitled. The Plaintiffs

asserted that they have causes of action against Gulledge for breach of

fiduciary duty, fraud, unfair trade practices under LUTPA, conversion/theft,

and breach of contract.

On February 25, 2020, Gulledge filed a separate action to dissolve and

liquidate CAT and GGH in Jackson Parish. On February 26, 2016, Gulledge

filed exceptions of vagueness and ambiguity, no right of action, no cause of

action, and prescription. He asserted that the Plaintiffs’ petition was vague

and ambiguous because they did not plead the times or places where the

alleged acts of malfeasance or breach of fiduciary duties occurred. He also

stated that they did not distinguish between CAT and GGH, which are

located in different states. He argued that the Plaintiffs do not clearly state

who was defrauded, with whom the self-dealing occurred, the substance of

the misrepresentations, and when the misrepresentations were made.

Gulledge argued that the petition does not state a right of action in

favor of Grayson individually because a shareholder has no separate or

individual right of action against third persons, including directors and

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Patrick Grayson, Graygull Holdings, L.L.C., and Class Act Transit, L.L.C. v. Alan Jefferey Gulledge, Kelly Aldy, and J&K Operations, L.L.C., Counsel Stack Legal Research, https://law.counselstack.com/opinion/patrick-grayson-graygull-holdings-llc-and-class-act-transit-llc-lactapp-2023.