Sneed v. Johnston

CourtCourt of Appeals of North Carolina
DecidedMay 7, 2024
Docket23-446
StatusPublished

This text of Sneed v. Johnston (Sneed v. Johnston) is published on Counsel Stack Legal Research, covering Court of Appeals of North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Sneed v. Johnston, (N.C. Ct. App. 2024).

Opinion

IN THE COURT OF APPEALS OF NORTH CAROLINA

No. COA23-446

Filed 7 May 2024

Mecklenburg County, No. 15 CVD 87

JASON M. SNEED, Plaintiff,

v.

CHARITY A. JOHNSTON (SNEED), Defendant.

Appeal by Plaintiff from Orders entered 30 September 2022 and 17 October

2022 by Judge Gary L. Henderson in Mecklenburg County District Court. Heard in

the Court of Appeals 24 January 2024.

Miller Bowles Cushing, PLLC, by Nicholas L. Cushing, for Plaintiff-Appellant.

Connell & Gelb PLLC, by Michelle D. Connell, for Defendant-Appellee.

HAMPSON, Judge.

Factual and Procedural Background

Jason M. Sneed (Plaintiff) appeals from an Equitable Distribution Order and

Judgment awarding Charity A. Johnston (Defendant) a distributive award of

$1,550,000 representing one-half the value of Plaintiff’s law firm, as well as requiring

Plaintiff to reimburse Defendant for certain costs of a business appraiser, and an

Order Denying Plaintiff/Husband’s Motion to Strike and Motion to Reopen Evidence. SNEED V. JOHNSTON

Opinion of the Court

The Record before us tends to reflect the following:

The parties in this case were formerly husband and wife. The parties married

on 17 August 1996, separated on 5 January 2015, and divorced on 8 March 2016. In

2011, during the marriage, Plaintiff started a law firm, Sneed, PLLC. On 2 May

2019, the trial court entered a Consent Order Re Business Appraiser, appointing

Greg Reagan of Reagan FV, LLC to value Sneed, PLLC at the date of separation. On

26 July 2019, the parties subsequently entered into a Consent Order, which resolved

all issues related to equitable distribution except for “the classification, valuation,

and distribution of Sneed, PLLC and all assets owned by Sneed, PLLC[.]”1

Initially, in the summer of 2019, Plaintiff communicated with Reagan and

provided him with financial documents concerning Sneed, PLLC. On 25 September

2019, Reagan provided both parties with a draft valuation of Sneed, PLLC, which

indicated its value as of the date of separation was $3,220,000. From September 2019

to January 2020, Reagan attempted to contact Plaintiff numerous times to obtain

financial documents and get his assistance in valuing Sneed, PLLC. Plaintiff,

however, repeatedly ignored Reagan, declined to send him information, and refused

to pay his portion of Reagan’s fee. Instead, Defendant paid the balance owed to

1 The parties have not included this Consent Order in the Record on Appeal. As such, we are unable to discern whether the trial court ordered an equal or unequal distribution of marital and divisible property, the factors considered, or how the division of the value of the law firm at issue in this case fits into the equitable distribution of the totality of the parties’ marital estate. Instead, the parties appear to have agreed to carve out the law firm from other assets and liabilities, and simply sought the trial court to classify the firm, value the firm, and divide it. As such, this is the limited lens through which we analyze this case.

-2- SNEED V. JOHNSTON

Reagan.

On 6 March 2020, Reagan provided both parties with a final Calculation of

Value of Sneed, PLLC. Reagan provided the parties with a final invoice for the

valuation services on 10 April 2020. Over the following three months, Reagan sent

monthly correspondence to Plaintiff regarding his final invoice, all of which went

unanswered. Counsel for Defendant also sent a letter to Plaintiff regarding the

appraisal and outstanding balance. Although Plaintiff acknowledged receiving this

letter, he did not respond to any of the issues raised in the letter. Finally, on 14

October 2020, Defendant paid the outstanding balance for Reagan’s service. On 14

December 2020, Defendant hired Reagan to perform a Valuation of Sneed, PLLC as

of 5 January 2015—the date of separation.

The trial court heard this matter over two days in December 2021. At trial,

Plaintiff testified that at the time of trial the value of Sneed, PLLC was either

negative or zero due to an outstanding credit line. Reagan testified as an expert

witness for Defendant. Reagan valued Sneed, PLLC at $3,100,000 as of the date of

separation. He testified ten percent of Sneed, PLLC’s goodwill value was enterprise

goodwill, while the remaining ninety percent was personal goodwill attributable to

Plaintiff.

On 30 September 2022, the trial court entered an Equitable Distribution Order

and Judgment (the Equitable Distribution Order). The Order included 75 Findings

of Fact detailing the trial court’s valuation and distribution process. Ultimately, the

-3- SNEED V. JOHNSTON

trial court accepted Reagan’s date of separation value of Sneed, PLLC of $3,100,000.

The trial court further found its value included a valuation of the goodwill of Sneed,

PLLC of $302,436 enterprise goodwill and $2,688,321 personal goodwill. The trial

court did not find a date of distribution value of the firm. Instead, it expressly found

Plaintiff “has failed to provide the [c]ourt with any credible value of Sneed, PLLC as

of the date of separation or as of the date of trial.”

The trial court ordered Plaintiff to pay a distributive award to Defendant of

$1,550,000—representing one-half of the date of separation value of Sneed, PLLC—

payable in monthly installments of $8,611.11 per month over a fifteen-year period.

Additionally, the trial court ordered Plaintiff to pay $8,520.64 to reimburse

Defendant for payments Defendant made to Reagan under the initial appointment

order.

On 12 January 2022, Plaintiff filed a Motion to Strike Testimony and Reports

of Court-Appointed Expert Greg Reagan. On 27 July 2022, Plaintiff filed a Motion to

Reopen Evidence. The trial court entered an Order denying both Motions on 17

October 2022. Plaintiff timely filed Notice of Appeal on 25 October 2022 from both

the 30 September 2022 Equitable Distribution Order and the 17 October 2022 Order

Denying the Motion to Strike and Motion to Reopen Evidence.

Issues

The issues are whether: (I) the trial court’s Findings of Fact were supported by

competent evidence; and whether the trial court erred by (II) valuing Sneed, PLLC at

-4- SNEED V. JOHNSTON

$3,100,000; (III) classifying Sneed, PLLC as marital property; (IV) failing to

distribute the decrease in the value of Sneed, PLLC; (V) denying Plaintiff’s Motion to

Reopen Evidence; (VI) failing to credit Plaintiff for his child support overpayment;

and (VII) ordering Plaintiff to pay a distributive award of $1,550,000.

Analysis

I. Trial Court’s Findings of Fact

Plaintiff challenges the trial court’s Findings of Fact 23, 30, 31, 37, 40-47, 50,

52-54, 56-65, 67, 69, and 72-74 in the Equitable Distribution Order. However,

Plaintiff fails to make any specific argument as to each challenged Finding or to

explain how or why he believes the challenged Findings to be deficient.

This Court considered a similar challenge to findings of fact—made in the

context of a ruling by an Administrative Law Judge—in Rittelmeyer v. University of

North Carolina at Chapel Hill, 252 N.C. App. 340, 799 S.E.2d 378 (2017). There, we

determined:

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