Serviz, Inc. v. ServiceMaster Company, LLC

CourtSuperior Court of Delaware
DecidedApril 19, 2022
DocketN20C-03-070 PRW CCLD
StatusPublished

This text of Serviz, Inc. v. ServiceMaster Company, LLC (Serviz, Inc. v. ServiceMaster Company, 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
Serviz, Inc. v. ServiceMaster Company, LLC, (Del. Ct. App. 2022).

Opinion

SUPERIOR COURT OF THE STATE OF DELAWARE PAUL R. WALLACE LEONARD L. WILLIAMS JUSTICE CENTER JUDGE 500 N. KING STREET, SUITE 10400 WILMINGTON, DELAWARE 19801 (302) 255-0660

Date Submitted: April 14, 2022 Date Decided: April 19, 2022

Steven L. Caponi, Esquire John P. DiTomo, Esquire Matthew B. Goeller, Esquire Miranda N. Gilbert, Esquire K&L GATES MORRIS, NICHOLS, ARTSHT & TUNNEL 600 N. King Street, Suite 901 1201 N Market Street, Suite 1600 Wilmington, Delaware 19801 Wilmington, Delaware 19801 Roger R. Crane, Esquire Lynn K. Neuner, Esquire Joanna A. Diakos, Esquire Rachel S. Sparks Bradley, Esquire Kodey M. Haddox, Esquire SIMPSON THACHER & BARTLETT Thomas A. Warns, Esquire 425 Lexington Avenue K&L GATES New York, New York 10017 599 Lexington Avenue New York, New York 10022

RE: Serviz, Inc. v. The ServiceMaster Company, LLC, et al. C.A. No. N20C-03-070 PRW CCLD

Dear Counsel,

This letter order resolves the Plaintiff’s Motion to Dismiss Defendants’

Counterclaims (D.I. No. 113) that the Court heard last week. For the reasons

explained below, that motion is DENIED.

I. FACTUAL AND PROCEDURAL BACKGROUND

A. PRIOR MOTION PRACTICE AND PLEADINGS

The Court detailed the background of this case in its memorandum opinion Serviz, Inc. v. The ServiceMaster Company, LLC, et al. C.A. No. N20C-03-070 PRW CLLD April 19, 2022 Page 2 of 25

and order dated December 6, 2021.1 To summarize, Plaintiff Serviz, Inc. and

Defendants The ServiceMaster Company, LLC and American Home Shield

Corporation (“AHS”) signed a Letter of Intent in 2018. The LOI contemplated that

Defendants would acquire Serviz and they “shall endeavor to Close the Acquisition

by the end of the Exclusivity Period” defined in the LOI. In its First Amended

Complaint, Serviz alleged Defendants breached the LOI by calling a halt to the

acquisition on May 3, 2018.2 The acquisition was never finalized, allegedly forcing

Serviz out of business.

The Court’s December 6th decision addressed three motions: (1) Defendants’

motion for leave to amend its Answer to include certain counterclaims;

(2) Defendants’ motion to compel; and (3) Serviz’s motion for a protective order.

The question at the core of each of those three motions was whether Serviz could

assert the attorney-client privilege with respect to communications that Defendants

had obtained during discovery. The Court held that Serviz had waived the privilege

by intentionally disclosing the communications to third parties after the deal between

the parties fell through in 2018. Accordingly, the Court granted the Defendants’

1 D.I. No. 89; Serviz, Inc. v. ServiceMaster Co., LLC, 2021 WL 5768655 (Del. Super. Ct. Dec. 6, 2021). 2 First Am. Compl. (D.I. 13). Serviz, Inc. v. The ServiceMaster Company, LLC, et al. C.A. No. N20C-03-070 PRW CLLD April 19, 2022 Page 3 of 25

motions and denied Serviz’s motion.3

Defendants then filed their counterclaims.4 And Serviz has now moved to

dismiss them.5

B. DEFENDANTS’ FACTUAL ALLEGATIONS AND COUNTERCLAIMS

In their counterclaims, Defendants allege Serviz materially breached its

obligations under the LOI relating to exclusivity and notice procedures.

Specifically, Paragraph 7 of the LOI imposed an “Exclusivity Period” while the

parties worked towards a definitive agreement:

In consideration of the time and expenses that Buyer has incurred and will in incur in connection with the proposed Acquisition, [Serviz] agrees that until such time as this Letter has terminated in accordance with the provisions of paragraph 9 (such period, the “Exclusivity Period”), neither it nor any of its representatives . . ., officers, employees, directors, agents, stockholders, subsidiaries or affiliates (the “Company Group”) shall initiate, solicit, entertain, negotiate, accept or discuss, directly or indirectly, any proposal or offer from any person or group of persons other than [ServiceMaster and AHS] and [their] affiliates (an “Acquisition Proposal”) to acquire any Shares or any portion of [Serviz’s] material assets, whether by merger, purchase of stock, purchase of assets, tender offer or otherwise . . . or enter into any agreement, arrangement or understanding (a) requiring it to

3 At the parties’ request, the Court clarified its ruling during a status conference in January 2022. D.I. No. 115. The remainder of that discovery dispute was resolved by the Special Master just yesterday. D.I. 148. 4 Counterclaims (D.I. 101). 5 Serviz’s Mot. to Dismiss Counterclaims (D.I. 113). Serviz, Inc. v. The ServiceMaster Company, LLC, et al. C.A. No. N20C-03-070 PRW CLLD April 19, 2022 Page 4 of 25

abandon, terminate or fail to consummate the Acquisition with [ServiceMaster and AHS] or (b) the consummation of which would reasonably be expected to prevent or materially delay the transactions contemplated by the Letter.6

In other words, Serviz agreed to refrain from exploring any potential offers to

acquire any of Serviz’s shares or material assets while the LOI remained in effect.

Too, Serviz “agree[d] to immediately notify [ServiceMaster and AHS] if any

member of the Company Group receive[d] any indications of interest, requests for

information, or offers in respect of an Acquisition Proposal . . . .”7

Paragraph 9 of the LOI was a Termination Provision providing that the LOI

and Exclusivity Period would automatically renew every seven days until the parties

executed a formal acquisition agreement or mutually agreed to terminate, or either

party unilaterally chose to terminate.8 The LOI specified that certain terms were to

be “legally binding” and “enforceable obligation[s],” including Paragraphs 7 and 9.9

After the parties signed the LOI in March 2018, they endeavored to close the

6 Counterclaims, Ex. 10 at ¶ 7 (“LOI”). 7 Id. 8 Counterclaims at ¶ 9. 9 Id. at ¶ 14. Serviz, Inc. v. The ServiceMaster Company, LLC, et al. C.A. No. N20C-03-070 PRW CLLD April 19, 2022 Page 5 of 25

acquisition by finalizing the due diligence process.10 At the end of that month,

ServiceMaster and AHS directed their attorneys to send a draft of the definitive

agreement to Serviz.11 The due diligence process continued throughout April and

into the beginning of May 2018.12 And the parties negotiated the terms of the

definitive agreement throughout that period.13

In April 2018, the executives of Serviz began privately discussing whether

they should terminate the Exclusivity Period.14 On April 22, 2018, Serviz’s co-

founder and former CEO, Michael Kline, wrote to Adam Wergeles, Serviz’s

Executive Vice President of Business and Legal Affairs: “If we were to give

someone access to the data room not from AHS—i.e. were exclusivity to be

rescinded—how much AHS-specific material is there and would it be possible to

move those docs into a separate folder accessible only by AHS?”15

On April 25, 2018, Mr. Kline emailed Scott Pinizotto, the Senior Director at

10 Id. at ¶ 18. 11 Id. 12 Id. at ¶ 19. 13 Id. 14 Id. at ¶ 20. 15 Id. at ¶ 21. Serviz, Inc. v. The ServiceMaster Company, LLC, et al. C.A. No. N20C-03-070 PRW CLLD April 19, 2022 Page 6 of 25

ENGIE, which was one of Serviz’s shareholders.16 In relevant part, Mr. Kline said

“we need to show tangible progress against a set of specific milestones by middle of

next week to give confidence to our Board that this is moving towards a likely close”

and “[i]n the event we do not see progress against those specific milestones in the

next week, we will need to think more seriously about pulling the exclusivity, at a

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Bluebook (online)
Serviz, Inc. v. ServiceMaster Company, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/serviz-inc-v-servicemaster-company-llc-delsuperct-2022.