Phillips & Jordan, Inc. v. Bostic; Yates Constr. Co. v. Bostic Am. Mech., Inc. v. Bostic

2016 NCBC 95
CourtNorth Carolina Business Court
DecidedDecember 9, 2016
Docket11-CVS-53, 12-CVS-977,12-CVS-1384
StatusPublished

This text of 2016 NCBC 95 (Phillips & Jordan, Inc. v. Bostic; Yates Constr. Co. v. Bostic Am. Mech., Inc. v. Bostic) is published on Counsel Stack Legal Research, covering North Carolina Business Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Phillips & Jordan, Inc. v. Bostic; Yates Constr. Co. v. Bostic Am. Mech., Inc. v. Bostic, 2016 NCBC 95 (N.C. Super. Ct. 2016).

Opinion

Phillips & Jordan, Inc. v. Bostic; Yates Constr. Co. v. Bostic; Am. Mech., Inc. v. Bostic, 2016 NCBC 95.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION GRAHAM COUNTY 11 CVS 53

PHILLIPS AND JORDAN, INC.,

Plaintiff, ORDER AND OPINION ON v. DEFENDANT JEFFREY L. BOSTIC’S MOTIONS FOR ATTORNEYS’ FEES JOSEPH E. BOSTIC, JR., and JEFFERY L. BOSTIC,

Defendants.

ROCKINGHAM COUNTY 12 CVS 977

YATES CONSTRUCTION COMPANY, INC.,

Plaintiff,

v.

JOSEPH E. BOSTIC, JR.,

Defendant.

RANDOLPH COUNTY 12 CVS 1384

AMERICAN MECHANICAL, INC.,

Defendant. 1. THESE MATTERS are before the Court upon Defendant Jeffrey L.

Bostic’s (“Defendant” or “Bostic”) Motions for Attorneys’ Fees and Costs (“Motions”

or “Motions for Attorneys’ Fees”) in the above-captioned cases. Having considered

the Motions, the briefs in support of and in opposition to the Motions, supporting

documents, and the arguments of counsel at the hearing on July 28, 2016, the Court

concludes, in the exercise of its discretion, that Bostic’s Motions for Attorneys’ Fees

under N.C. Gen. Stat. §§ 6.21.5 and 75-16.1 should be DENIED and Bostic’s request

for costs under N.C. Gen. Stat. § 6-20 should be GRANTED.

McKinney Law Firm, P.A., by Zeyland G. McKinney, Jr., Stiles Law Office, PLLC, by Eric W. Stiles, and Hedrick Gardner Kincheloe & Garofalo, LLP, by Patricia P. Shields and Joshua D. Neighbors, for Plaintiffs Phillips and Jordan, Inc., Yates Construction Company, Inc., and American Mechanical, Inc.

Nexsen Pruet, PLLC, by David S. Pokela and Christine L. Myatt, for Defendant Jeffrey L. Bostic.

Bledsoe, Judge.

I.

FACTUAL BACKGROUND

2. For the purpose of resolving the present Motions, the Court recites a

summary of the material and uncontroverted facts from the record that were set

forth in the Order and Opinion on Defendant’s Motions for Summary Judgment in

the above-captioned cases. See Yates Constr. Co. v. Bostic, 2014 NCBC LEXIS 19

(N.C. Super. Ct. May 12, 2015); Phillips and Jordan, Inc. v. Bostic, 2014 NCBC

LEXIS 17 (N.C. Super. Ct. May 12, 2015); Am. Mech., Inc. v. Bostic, 2014 NCBC

LEXIS 18 (N.C. Super. Ct. May 12, 2015). 3. American Mechanical, Inc. (“American Mechanical”), Phillips and Jordan,

Inc. (“Phillips and Jordan”), and Yates Construction Company, Inc. (“Yates”)

(collectively, “Plaintiffs”) are subcontractors that rendered services on construction

projects to companies in which Bostic had at least an ownership interest, in

particular, to Bostic Construction, Inc. (“BCI”) and Bostic Development, LLC

(collectively, the “Affiliated Companies”). (Am. Mech. Compl. ¶¶ 3, 20; Phillips and

Jordan Compl. ¶¶ 3, 21; Yates Compl. ¶¶ 3, 20.)

4. In operating the Affiliated Companies, Bostic and Melvin Morris

(“Morris”) typically formed a “Project LLC,” which was funded by third-party equity

investors, to take out a construction loan and enter into a construction contract with

BCI, as the general contractor for the project. (Am. Mech. Compl. ¶ 57; Phillips and

Jordan Compl. ¶ 58; Yates Compl. ¶ 57.) BCI would then contract with

subcontractors, including Plaintiffs, to obtain services and materials for the

development of the real property involved in each project. (Am. Mech. Compl. ¶ 57;

Phillips and Jordan Compl. ¶ 58; Yates Compl. ¶ 57.)

5. Plaintiffs contended in this litigation, among other things, that Bostic and

Morris used the Project LLCs to “commingle, misuse, and misappropriate the

construction loans provided to finance the construction projects” to further their

interests in other companies that they owned and to make preferential payments

for their own benefit rather than to pay the debts relating to the specific projects the

construction loans were intended to fund. (Am. Mech. Compl. ¶¶ 83, 89–91; Phillips

and Jordan Compl. ¶¶ 85, 91–93; Yates Compl. ¶¶ 85, 91–93.) 6. Plaintiffs further alleged that Bostic and Morris acted wrongfully by

engaging in such activity when BCI’s circumstances amounted to dissolution or

winding up. (Am. Mech. Compl. ¶ 97; Phillips and Jordan Compl. ¶ 95; Yates

Compl. ¶95.)

7. On January 17, 2005, a Chapter 7 involuntary bankruptcy petition was

filed against BCI. Phillips and Jordan, Inc. v. Bostic, 2012 NCBC LEXIS 36, at *6

(N.C. Super. Ct. June 1, 2012); Yates Constr. Co. v. Bostic, 2013 NCBC LEXIS 4, at

*4 (N.C. Super. Ct. Jan. 18, 2013); Am. Mech., Inc. v. Bostic, 2013 NCBC LEXIS 3,

at *4 (N.C. Super. Ct. Jan. 18, 2013).

8. Plaintiffs were not compensated in full for the work they performed and

subsequently initiated these actions. (Am. Mech. Compl. ¶¶ 78–106; Phillips and

Jordan Compl. ¶¶ 78–109; Yates Compl. ¶¶ 79–109.)

II.

PROCEDURAL BACKGROUND

9. Phillips and Jordan initiated Civil Action No. 11-CVS-53 in Graham

County Superior Court on April 1, 2011 alleging claims against Bostic and Morris

for constructive fraud, against Tyler Morris, Michael Hartnett, and Joseph E.

Bostic, Jr. (collectively with Morris and Bostic, “Defendants”) for aiding and

abetting constructive fraud, and against all Defendants for unfair and deceptive

trade practices under N.C. Gen. Stat. § 75-1.1 (“Phillips and Jordan Action”).

(Phillips and Jordan Compl. ¶¶ 80–143.) On June 1, 2012, this Court (Murphy, J.)

dismissed Phillips and Jordan’s claims for aiding and abetting constructive fraud and unfair and deceptive trade practices. Phillips and Jordan, 2012 NCBC LEXIS

36, at *32. Subsequently, Phillips and Jordan dismissed its action against Morris

with prejudice on May 24, 2013. (Phillips and Jordan Stipulation of Dismissal of

Melvin Morris, May 24, 2013.)

10. American Mechanical initiated Civil Action No. 12-CVS-1384 in Randolph

County Superior Court on June 4, 2012, also alleging claims against Bostic and

Morris for constructive fraud and against Tyler Morris, Michael Harnett, and

Joseph E. Bostic, Jr. for aiding and abetting constructive fraud (the “American

Mechanical Action”). (Am. Mech. Compl. ¶¶ 78–126.) American Mechanical did not

assert a Chapter 75 claim against any Defendant. On January 18, 2013, this Court

(Murphy, J.) dismissed American Mechanical’s claims for aiding and abetting

constructive fraud. Am. Mech., 2013 NCBC LEXIS 3, at *6. Subsequently, on May

24, 2013, American Mechanical dismissed its action against Morris with prejudice.

(Am. Mech. Stipulation Dismissal Melvin Morris, May 24, 2013).

11. Yates initiated Civil Action No. 12-CVS-977 in Rockingham County

Superior Court on June 6, 2012 (the “Yates Action”), two days after American

Mechanical filed its action. Yates’s claims were identical to those advanced by

American Mechanical: constructive fraud against Bostic and Morris, and aiding

and abetting constructive fraud against Tyler Morris, Michael Harnett, and Joseph

E. Bostic, Jr. (Yates Compl. ¶¶ 80–129.) As in the American Mechanical Action,

this Court (Murphy, J.) dismissed Yates’s claims for aiding and abetting

constructive fraud on January 18, 2012. Yates, 2013 NCBC LEXIS 4, at *6. Thereafter, Yates dismissed its action against Morris with prejudice on May 24,

2013. (Yates Stipulation of Dismissal of Melvin Morris, May 24, 2013.)

12. Bostic, as the only remaining defendant in all three cases, filed nearly

identical motions for summary judgment on December 17, 2013 in the Phillips and

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