Rfactr, Inc. v. McDowell

2023 NCBC 8
CourtNorth Carolina Business Court
DecidedJanuary 27, 2023
Docket18-CVS-12299
StatusPublished

This text of 2023 NCBC 8 (Rfactr, Inc. v. McDowell) 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
Rfactr, Inc. v. McDowell, 2023 NCBC 8 (N.C. Super. Ct. 2023).

Opinion

rFactr, Inc. v. McDowell, 2023 NCBC 8.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION MECKLENBURG COUNTY 18 CVS 12299

RFACTR, INC., RICHARD BRASSER, and GREG GENTNER, ORDER AND OPINION ON Plaintiffs, DEFENDANTS’ MOTION FOR SUMMARY JUDGMENT AND v. DEFENDANTS’ MOTION TO STRIKE OR PRECLUDE RELIANCE ON CHRIS MCDOWELL and CERTAIN STATEMENTS OF THE CAROLINE MCDOWELL, DECLARATION OF LUIS GOMEZ Defendants.

1. THIS MATTER is before the Court upon Defendants Caroline McDowell

(“Caroline”) and Chris McDowell’s (“Chris”) (together, “Defendants” or the

“McDowells”) Motion for Summary Judgment on Plaintiffs’ Affirmative Claims (the

“SJ Motion”), (ECF No. 202), and Defendants’ Motion to Strike or Preclude Reliance

on Certain Statements of the Declaration of Luis Gomez (“Gomez”), (the “Motion to

Strike”), (ECF No. 215), (together, the “Motions”) in the above-captioned case.

2. After considering the Motions, the briefs and related materials submitted in

support of and in opposition to the Motions, and the arguments of counsel at the

hearing on the Motions, the Court hereby GRANTS in part and DENIES in part

each Motion.

Lincoln Derr PLLC, by Sara R. Lincoln and Phoebe Norton Coddington, for Plaintiffs Richard Brasser and Greg Gentner.

James, McElroy & Diehl, P.A., by John R. Buric and John R. Brickley, for Plaintiff rFactr, Inc.

Rosenwood, Rose & Litwak, PLLC, by Erik M. Rosenwood, for Defendants Caroline McDowell and Chris McDowell. Bledsoe, Chief Judge.

I.

FACTUAL AND PROCEDURAL BACKGROUND

A. Factual Background

3. This litigation arises out of Caroline’s October 2017 telephone call to Jackson

National Life Insurance Company (“Jackson National”), in which Plaintiffs allege

that Caroline falsely represented that Plaintiff rFactr, Inc. (“rFactr” or the

“Company”), a company with outstanding Internal Revenue Service (“IRS”) liabilities

and with which Jackson National was negotiating a contract, was financially

unstable. Soon after the call, Jackson National informed rFactr that it no longer

wished to pursue negotiations or enter into a contract with the Company. Plaintiffs

subsequently filed suit against the McDowells, asserting claims based on Caroline's

call and contending that the call was the sole reason that Jackson National did not

enter a contract with rFactr.

4. The McDowells have asserted counterclaims in response, alleging, among

other things, that Plaintiffs misrepresented the Company’s financial condition to

induce the McDowells’ investment in the Company and that Plaintiffs Richard

Brasser (“Brasser”) and Greg Gentner (“Gentner”) breached their fiduciary duties to

the McDowells by misrepresenting rFactr’s financial condition, paying themselves

excessive and unreasonable salaries, and otherwise diverting corporate resources for

their personal benefit. 5. The Court does not make findings of fact when deciding a motion for

summary judgment. The Court previously considered and ruled upon three motions

for summary judgment in this action on 8 December 2020 (the “2020 Opinion”). 1

Because the parties rely extensively upon the prior summary judgment record on the

current Motions, the Court incorporates by reference the factual and procedural

background set forth in paragraphs 6–19 of the 2020 Opinion to provide context for

the Court’s analysis and ruling here.

6. Of particular relevance, it is undisputed that Brasser and Gentner were

executive officers, directors, and shareholders of rFactr and ran its day-to-day

operations. 2 Chris sat on rFactr’s board of directors beginning in 2015, but his wife,

Caroline, did not. 3

1 See rFactr, Inc. v. McDowell, 2020 NCBC LEXIS 144 (N.C. Super. Ct. Dec. 8, 2020) (resolving the following motions: (i) Brasser and Gentner’s Motion for Summary Judgment on Plaintiffs’ Affirmative Claims, (ECF No. 76); (ii) Brasser and Gentner’s Motion for Summary Judgment on Defendants’ Counterclaims, (ECF No. 78); (iii) rFactr’s Motion for Summary Judgment on rFactr’s Claims and Defendants’ Counterclaims, (ECF No. 84); and (iv) Defendants’ Amended Motion to Strike and/or Preclude Reliance on Affidavit of Luis Gomez, (ECF No. 96)).

2 (Aff. Richard Brasser, dated June 1, 2020, at ¶¶ 5–6 [hereinafter “Brasser Aff.”], ECF No.

79; Aff. Greg Gentner, dated June 1, 2020, at ¶¶ 5–6 [hereinafter “Gentner Aff.”], ECF No. 80.)

3 (Pls. Richard Brasser and Greg Gentner’s Br. Supp. Mot. Summ. J. Pls.’ Affirmative Claims

[hereinafter “Officers’ 2020 Br.”] Ex. 1, Dep. James Christopher McDowell, dated June 4, 2019, at 15:21–16:1 [hereinafter “Chris Dep.”], ECF No. 82.1.) Excerpts of Chris’s deposition appear across various docket entries in this action. Therefore, the Court will provide a docket number each time it cites to his deposition. 7. While Chris sat on the board, he often worked from home, and had business

calls on speakerphone that Caroline could sometimes hear. 4 Caroline also had access

to Chris’s email account, and frequently read his work emails without his knowledge. 5

8. In 2015, rFactr began negotiations for a multi-year software license with

Jackson National that continued into the autumn of 2017. 6 Plaintiffs contend, and

Defendants dispute, that by October 2017, rFactr and Jackson National had reached

an agreement on services and pricing, and the finalization of a contract awaited only

a review by Jackson National’s legal department. 7

9. Before and during these negotiations, it is undisputed that rFactr had

incurred significant losses and struggled to pay its creditors or business expenses, 8

and that the IRS had filed sizable tax liens against the Company. 9

4 (Chris Dep. 14:2–15:4, ECF No. 82.1.)

5 (Chris Dep. 13:11–14:1, ECF No. 82.1; Officers’ 2020 Br. Ex 2, Dep. Caroline McDowell,

dated June 3, 2019, at 146:2–13 [hereinafter “Caroline Dep.”], ECF No. 82.2.) Excerpts of Caroline’s deposition also appear across several different docket entries in this action. The Court will therefore provide a docket number each time it cites to her deposition.

6 (Aff. Chris McDowell, dated June 29, 2020, at ¶ 18 [hereinafter “Chris Aff.”], ECF No. 94;

Gentner Aff. ¶¶ 14, 20.)

7 (Brasser & Gentner’s Mem. Law Opp’n Defs.’ Mot. Summ. J. [hereinafter “Officers’ Opp’n

Br.”] Ex. 8, Decl. Luis Gomez, dated Dec. 19, 2022 at ¶¶ 6–8 [hereinafter “Gomez Decl.”], ECF No. 209.9.)

8 (See Chris Aff. Ex. A.5 at CONFIDENTIAL_MCDOWELL_PRODUCTION_000000533–37

[hereinafter “rFactr Investor Update”], ECF No. 94.5.)

9 (Gentner Aff. ¶¶ 11–12; Chris Aff. ¶ 17.)Brasser and Gentner did not disclose rFactr’s IRS liability to its board members until June 2017, when rFactr owed over $900,000 to the IRS, and to rFactr’s investors until August 2017, when rFactr owed approximately $720,000. (Chris Aff. ¶¶ 14–16; rFactr Investor Update at CONFIDENTIAL_MCDOWELL_PRODUCTION_000000533.) 10. On 26 October 2017, Caroline placed the phone call to Jackson National that

lies at the center of Plaintiffs’ claims (the “Call”). It is undisputed that she posed as

a former rFactr employee named “Susan,” and that she made several representations

about rFactr to Jeffrey Mitchell (“Mitchell”), a senior human resources consultant for

Jackson National, including that rFactr and its owners were in financial difficulty,

that rFactr was in trouble with the IRS, that rFactr’s owners were being investigated

for arson, and that rFactr’s owners had withdrawn their children from school and

were moving out of the country.

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2023 NCBC 8, Counsel Stack Legal Research, https://law.counselstack.com/opinion/rfactr-inc-v-mcdowell-ncbizct-2023.