Red Cat Holdings Inc v. Autonodyne LLC

CourtSuperior Court of Delaware
DecidedFebruary 6, 2025
DocketN24C-04-082-SKR
StatusPublished

This text of Red Cat Holdings Inc v. Autonodyne LLC (Red Cat Holdings Inc v. Autonodyne LLC) is published on Counsel Stack Legal Research, covering Superior Court of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Red Cat Holdings Inc v. Autonodyne LLC, (Del. Ct. App. 2025).

Opinion

IN THE SUPERIOR COURT OF THE STATE OF DELAWARE

RED CAT HOLDINGS, INC., a ) Nevada corporation; TEAL ) DRONES, INC., a Delaware ) corporation, ) ) Plaintiffs, ) ) v. ) C.A. No. N24C-04-082-SKR ) AUTONODYNE LLC, a Delaware ) limited liability company; DANIEL ) SCHWINN, an individual, ) ) Defendants. )

Submitted: November 8, 2024 Decided: February 6, 2025

Upon Defendant Daniel Schwinn’s Motion for Judgment on the Pleadings

GRANTED

MEMORANDUM OPINION AND ORDER

Robert D. Weber, Esq., SHEPPARD, MULLIN, RICHTER & HAMPTON, LLP, Los Angeles, California, David S. Eagle, Esq., KLEHR HARRISON HARVEY BRANZBURG LLP, Wilmington, Delaware. Attorneys for Plaintiffs Red Cat Holdings, Inc. and Teal Drones, Inc.

Kevin M. Coen, Esq., Jacob M. Perrone., Esq. Wilmington, Delaware, MORRIS, NICHOLS, ARSHT & TUNNELL LLP. Attorneys for Defendant Daniel Schwinn.

Rennie, J. I. INTRODUCTION

This dispute stems from Defendant Autonodyne LLC’s (“Autonodyne” or

“the Company”) termination of its software licensing agreement with Plaintiff Teal

Drones, Inc. (“Teal Drones”). Teal Drones and its holding company, Red Cat

Holdings, Inc. (“Red Cat”) (collectively “Plaintiffs”) originally brought suit in the

Court of Chancery, asserting claims for breach of contract, breach of implied

covenant, declaratory judgment, and injunctive relief. Plaintiffs also asserted a

tortious interference claim and a declaratory judgment claim against Daniel

Schwinn, an equity holder of Autonodyne, for his alleged involvement in the

termination. The Court of Chancery dismissed the claims against Autonodyne for

failure to state a claim, and later, dismissed the claims against Schwinn for lack of

subject matter jurisdiction. The case was subsequently transferred to this Court.

Presently before the Court is Schwinn’s motion for judgment on the pleadings

related to Plaintiffs’ claim against him for tortious interference (Count III). For the

reasons discussed below, this claim is dismissed. Accordingly, Defendant’s Motion

is hereby GRANTED.

2 II. FACTUAL BACKGROUND 1

Because Plaintiffs’ Complaint alleges the same set of facts as their Verified

First Amended Complaint in the Court of Chancery, 2 this opinion recites the facts,

mostly verbatim, as stated in the Court of Chancery’s letter opinion. 3

A. THE PARTIES

Plaintiff, Teal Drones, is a subsidiary of Plaintiff Red Cat.4 This case arises

from a Software Licensing Agreement (the “SLA”) that Teal Drones entered with

Autonodyne in May 2022. 5 Plaintiffs allege that Defendant Daniel Schwinn is the

principal equity holder and de facto manager of Defendant Autonodyne.6 Plaintiffs

further allege that Schwinn serves on the board of the Company, participates in its

daily operations, and oversees its staff. 7

1 The following facts are derived from the Complaint and the documents incorporated therein. See Compl. (D.I. No. 1). Plaintiffs attached the Court of Chancery docket in the case as an exhibit. Thus, this Court considers the original exhibits attached to the pleadings in the Court of Chancery as if incorporated in the pleadings here. See Ex.: Court of Chancery Docket (D.I. No. 2). 2 Other than the “Jurisdiction and Venue” section, Plaintiff’s Complaint here is almost identical to its Verified First Amended Complaint in the Court of Chancery action. See Verified 1st Am. Compl., Red Cat Holdings, Inc. v. Autonodyne LLC, et al., C.A. No. 2022-0878-NAC, Transaction ID: 68509341, Dkt. 23. 3 Red Cat Holdings, Inc. v. Autonodyne LLC, 2024 WL 342515, at *1–3 (Del. Ch. Jan. 30, 2024). 4 Compl. ¶ 1. 5 Compl. ¶ 22; see also Verified 1st Am. Compl. Ex. 1 (Software Agreement), Red Cat Holdings, Inc. v. Autonodyne LLC, et al., C.A. No. 2022-0878-NAC, Transaction ID: 68509341, Dkt. 23 (hereinafter “SLA”). 6 Compl. ¶¶ 9, 12. 7 Compl. ¶ 9. 3 B. THE SOFTWARE LICENSING AGREEMENT

The SLA was birthed from a professional collaboration between Teal Drones

and Autonodyne that had been ongoing since 2020.8 The SLA was crafted to

regulate Teal Drones’s use of the Company’s avionics software.9 Through the SLA,

Teal Drones received a non-exclusive license to use certain avionics software and a

limited exclusive license “to certain functionality in the avionics software[.]” 10 This

enabled the Company to continue servicing other customers, to the extent doing so

did not conflict with the functionality that it exclusively licensed to Teal Drones.11

Three sections of the SLA are of particular significance here: Sections 15.3,

9, and 14.3 (b)–(c).

Section 15.3 restricts public announcements relating to the SLA. 12 It provides

that “[n]either party shall issue or release any announcement, statement, press

release, or other publicity or marketing materials relating to this Agreement . . . in

each case, without the prior written consent of the other party, which consent shall

not be unreasonably withheld or delayed.”13

8 Compl. ¶ 18. 9 Compl. ¶¶ 22–23. 10 Compl. ¶ 23; see also SLA § 2.1 (describing the software license). 11 See, e.g., SLA § 7.4(a) (contemplating that the Company will release software updates to Teal Drones at the same time as its “other customers”). 12 See SLA § 15.3. 13 Id. 4 Section 9 governs confidentiality.14 Section 9.1 defines “Confidential

Information” as “all Specifications and unpublished Documentation.”15 This section

further provides that “the terms of this Agreement are and will remain the

Confidential Information of both parties.”16

Section 9.3 restricts the parties’ use of Confidential Information. 17 It states:

“As a condition to being provided with any disclosure of or access to Confidential

Information, the Receiving Party shall: (a) not access or use Confidential

Information other than as necessary to exercise its rights or perform its obligations

under and in accordance with this Agreement[.]”18

Section 14.3(b) grants the Company an express right to terminate the SLA if

Teal Drones breaches Section 9.19 It provides that: “[Autonodyne] may terminate

this Agreement, effective on written notice to [Teal Drones], if . . . [Teal Drones]

breaches any of the terms or conditions of Section 2.3, Section 3, Section 9, or

Section 10[.]” 20

14 See SLA § 9.1. 15 Id. 16 Id. 17 See SLA § 9.3. 18 SLA § 9.3. Section 9.3(d) is also relevant. It states that the Receiving Party shall “ensure its Representatives’ compliance with, and be responsible and liable for any of its Representatives’ non-compliance with, the terms of this Section.” Id. The parties do not dispute that Red Cat is Teal Drones’s “Affiliate,” as that term is defined in the SLA. The SLA also defines “Representatives” as including a parties’ Affiliates’ “employees, officers, directors, agents, and legal advisors.” Id. § 1. 19 See SLA § 14.3(b). 20 Id. § 14.3(b), Preamble (defining “Licensor” as “Autonodyne” and “OEM” as “Teal Drones”). 5 Finally, Section 14.3(c) gives either party the right to terminate the SLA in the

event of a counterparty’s uncured or uncurable material breach.21 It provides that:

[E]ither party may terminate this Agreement, effective on written notice to the other party, if the other party materially breaches this Agreement, and such breach: (i) is incapable of cure; or (ii) being capable of cure, remains uncured 30 days after the nonbreaching party provides the breaching party with written notice of such breach[.]22

C. THE EMAIL EXCHANGE

On August 21, 2022, Jeff Thompson from Teal Drones emailed Autonodyne’s

CEO, Steve Jacobson.

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Red Cat Holdings Inc v. Autonodyne LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/red-cat-holdings-inc-v-autonodyne-llc-delsuperct-2025.