Ridge Corporation v. Altum LLC

District Court, S.D. Ohio·Decided July 5, 2023·No. 2:21-cv-05915·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF OHIO EASTERN DIVISION

RIDGE CORPORATION,

Plaintiff, Civil Action 2:21-cv-5915 Judge Sarah D. Morrison v. Magistrate Judge Elizabeth P. Deavers

ALTUM LLC, et al.,

Defendants.

OPINION AND ORDER This matter is before the Court for consideration of Defendant Dominic Grandominico’s Motion for Advancement of Litigation Expenses. (ECF No. 42 (the “Motion”).) For the reasons discussed below, the Motion (ECF No. 42) is GRANTED IN PART. I. BACKGROUND. Defendant Dominic Grandominico (“Grandominico”) is a former director of Plaintiff Ridge Corporation (“Ridge”). In this action, Ridge generally alleges that Grandominico, along with Defendants Kyle Thomas Gaines (“Gaines”) and Greg Karst (“Karst”), “orchestrated the formation of [Defendant Altum LLC (“Altum”)], which is a competitor of [Ridge], and which is marketing a product improperly using proprietary information and technology created while all three individual defendants were employed at [Ridge].” (ECF No. 1 at PAGEID # 2.) Ridge’s Complaint asserts six causes of action against Defendants as follows:  Count One (against all Defendants): Misappropriation and Use of Trade Secrets Under The Federal Defend Trade Secrets Act, 18 U.S.C. § 1836, et seq.;  Count Two (against all Defendants): Misappropriation and Use of Trade Secrets Under The Ohio Uniform Trade Secrets Act, R.C. 1333.61, et seq.;  Count Three (against Defendants Grandominico, Gaines, and Karst): Breach of Patent Assignment;  Count Four (against all Defendants): Conversion;  Count Five (against Defendant Grandominico): Breach of Fiduciary Duty; and  Count Six (against Defendants Grandominico, Gaines, and Karst): Conspiracy. (ECF No. 1 at PAGEID ## 13-20.) On December 22, 2022, Grandominico moved for an order directing Ridge to pay his expenses, including attorney’s fees, incurred in defending this action pursuant to Ohio Revised Code (“O.R.C.”) Section 1701.13(E)(5)(a). (ECF No. 42.) Grandominico argues that “[a]s a former director being sued for actions allegedly taken while acting in that capacity . . . [he] is entitled to advancement of all of his legal expenses.” (Id.) In response, Ridge maintains that

“there is no obligation for a corporation to subsidize the litigation expenses of a competitor corporation against whom it is in litigation.” (ECF No. 53.) Ridge argues that Grandominico “fails to meet the three statutory requirements for advancing litigation expenses to a former director,” because “he has not personally incurred any litigation expenses and there is also no evidence that he has personally paid the expenses.” (Id.) Ridge maintains that because Altum is paying for the defense of this lawsuit, Grandominico’s request “runs far afoul of the intent of the statute, which is supposed to ensure that directors are not financially penalized for legal matters that they are pulled into due to their role as a director.” (Id.) Alternatively, Ridge also disputes the allocation of fees Grandominico seeks. (Id.) In his Reply brief, Grandominico argues that “there is absolutely no support for Ridge’s position,” and that courts “routinely reject” Ridge’s

position about whether Grandominico or Altum ultimately pays the legal bills which Grandominico has incurred. (ECF No. 54.) The matter is thus fully briefed and ripe for judicial review. 2 II. ANALYSIS. Ridge requests the advancement of litigation expenses under O.R.C. § 1701.13(E)(5)(a), which provides as follows: (5)(a) Unless at the time of a director's act or omission that is the subject of an action, suit, or proceeding referred to in division (E)(1) or (2) of this section, the articles or the regulations of a corporation state, by specific reference to this division, that the provisions of this division do not apply to the corporation and unless the only liability asserted against a director in an action, suit, or proceeding referred to in division (E)(1) or (2) of this section is pursuant to section 1701.95 of the Revised Code, expenses, including attorney's fees, incurred by a director in defending the action, suit, or proceeding shall be paid by the corporation as they are incurred, in advance of the final disposition of the action, suit, or proceeding, upon receipt of an undertaking by or on behalf of the director in which the director agrees to do both of the following: (i) Repay that amount if it is proved by clear and convincing evidence in a court of competent jurisdiction that the director's action or failure to act involved an act or omission undertaken with deliberate intent to cause injury to the corporation or undertaken with reckless disregard for the best interests of the corporation; (ii) Reasonably cooperate with the corporation concerning the action, suit, or proceeding. O.R.C. Code. § 1701.13(E)(5)(a) (emphasis added). The Supreme Court of Ohio has interpreted this to mean that “when a corporation has received the undertaking described in O.R.C. § 1701.13(E)(5)(a), the corporation is required to advance expenses to a director unless the corporation’s articles or regulations specifically state that O.R.C. § 1701.13(E) does not apply to the corporation.” Miller v. Miller, 2012-Ohio-2928, ¶ 42, 132 Ohio St. 3d 424, 435, 973 N.E.2d 228, 238-239. Here, Grandominico has produced undisputed evidence which confirms that Ridge’s regulations require “[e]xpenses, including attorney’s fees . . . may be paid by [Ridge] as they are incurred.” (ECF No. 42 at PAGEID # 343.) Thus, Ridge’s regulations clearly permit the application of O.R.C. § 1701.13(E)(5)(a). Miller, 132 Ohio St. 3d at 435; see also Tafeen v. 3 Homestore, Inc., No. CIVA. 023-N, 2004 WL 556733, at *10 (Del. Ch. Mar. 22, 2004), aff'd, 888 A.2d 204 (Del. 2005) (“[T]there is no case precedent, nor good reason, to interfere with the decision of the bylaw drafters simply because the bylaws might cause the company financial hardship.”). The only remaining issue is therefore whether Ridge “has received the undertaking described in O.R.C. § 1701.13(E)(5)(a).” Miller, 132 Ohio St. 3d at 435. If so, then it “is

required to advance expenses.” Id. And the record is clear on this point, as Ridge affirmatively concedes that Grandominico “provided [the] undertaking.” (ECF No. 53 at PAGEID # 417; see also ECF No. 42-3 at PAGEID # 373 (“Undertaking of Dominic Grandominico”).) This should end the analysis, but Ridge tries to add a roadblock by arguing that “[t]here is no evidence . . . that [Grandominico] has incurred any expenses,” because Altum has paid Defendants’ attorney fees to date. (Id. at PAGEID ## 417-419.) This argument is not well taken. While Ridge wants the Court to focus on who is paying for the litigation expenses, the statute does not impose such a requirement. Indeed, as discussed above, the statute merely requires that “expenses, including attorney’s fees . . . shall be paid by the corporation as they are

incurred[.]” Ohio Rev. Code. § 1701.13(E)(5)(a). The statute does not require, as Ridge suggests, Grandominico to demonstrate that he has paid any attorney fees – it only requires that he incurred such fees.1 Id.

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