Valley National Bank v. Encore Led Lighting, LLC

CourtNew Jersey Superior Court Appellate Division
DecidedJuly 26, 2024
DocketA-0391-23
StatusUnpublished

This text of Valley National Bank v. Encore Led Lighting, LLC (Valley National Bank v. Encore Led Lighting, LLC) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Valley National Bank v. Encore Led Lighting, LLC, (N.J. Ct. App. 2024).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-0391-23

VALLEY NATIONAL BANK,

Plaintiff,

v.

ENCORE LED LIGHTING, LLC,

Defendant-Appellant,

and

WILLIAM DATO,

Defendant,

ENEL X WAY USA, LLC,

Defendant-Respondent. ____________________________

Submitted June 3, 2024 – Decided July 26, 2024

Before Judges Gilson and Berdote Byrne.

On appeal from the Superior Court of New Jersey, Law Division, Passaic County, Docket No. L-1202-23. James M. Cutler, attorney for appellant.

Colella Zefutie LLC, attorneys for respondent Enel X Way USA, LLC (Anthony J. Laura and John J. Zefutie, of counsel and on the brief).

PER CURIAM

The issue on this appeal is whether the Law Division correctly compelled

arbitration of crossclaims between two defendants. Defendant Encore LED

Lighting, LLC (Encore) appeals from a provision in an August 25, 2023 order

compelling to arbitration Encore's crossclaims against defendant Enel X Way

USA, LLC (Enel).

Encore and Enel are parties to a distribution agreement that contains an

arbitration provision. Encore does not dispute that the arbitration provision is

valid. Nor does Encore dispute that its claims against Enel fall within the ambit

of the arbitration provision. Instead, it argues that the arbitration provision

should not be enforced because there are overlapping claims between it and its

bank, Valley National Bank (VN Bank), and between VN Bank and Enel. So,

Encore contends it would violate the public policy against piecemeal litigation

to enforce the arbitration provision given those other claims.

We reject Encore's argument because it is inconsistent with the governing

Federal Arbitration Act (FAA), 9 U.S.C. §§ 1-16. The FAA is clear in

A-0391-23 2 mandating that arbitration provisions should be enforced and non-arbitrable

claims should either be stayed or proceed separately. We, therefore, affirm the

provision of the August 25, 2023 order compelling Encore's crossclaims against

Enel to arbitration. We remand, however, and direct the Law Division to enter

an amended order staying the crossclaims and all non-arbitrable claims pending

the completion of the arbitration.

I.

The Law Division action involves disputes among Encore, Enel, and VN

Bank. All those disputes arise out of Encore's purchases of products from Enel

and its attempt to distribute those products. We discern the relevant facts from

the record developed on motions and cross-motions filed by the three parties.

Encore is a New Jersey limited liability company that sells and installs

LED lighting systems. Encore, doing business as Encore Energy Group, also

sells and distributes charging equipment for electric vehicles. William Dato is

Encore's sole and managing member.

Enel is a provider of "electric vehicle supply equipment[,] . . . services,

and technology" to "both residential and commercial customers." Enel is a

Delaware corporation with its principal place of business in California.

A-0391-23 3 In June 2021, Dato, on behalf of Encore, applied for a $250,000 line of

credit with VN Bank. VN Bank offered Encore a line of credit in the amount of

$150,000, and Encore accepted. VN Bank and Encore then executed a

"Commercial Revolving Line of Credit Note and Agreement" (the Credit

Agreement). VN Bank and Encore also executed a Security Agreement in

connection with the line of credit. Under the Security Agreement, Encore

granted VN Bank a security interest in all its assets and pledged those assets as

collateral for any loans taken under the line of credit. VN Bank and Dato also

signed an "Unlimited Guaranty," under which Dato personally guaranteed all of

Encore's obligations to VN Bank. The Unlimited Guaranty also contained an

indemnity clause, stating that Dato agreed to:

[I]ndemnify and hold [VN Bank] . . . harmless from and against all claims, obligations, demands and liabilities, by whomsoever asserted, and against all losses in any way suffered, incurred or paid as a result of or in any way arising out of or following or consequential to transactions with [Encore], except for any claim arising out of the gross negligence or willful misconduct of [VN Bank].

The Unlimited Guaranty also stated that it would apply to all future agreements

between Encore and VN Bank.

In September 2021, Encore contacted Enel seeking to establish a business

relationship, through which it would purchase and then distribute Enel's electric

A-0391-23 4 vehicle service equipment. Enel required prospective distributors to establish a

credit limit with Enel before they could begin submitting purchase orders for

Enel's equipment. Accordingly, Dato, on behalf of Encore, applied for

commercial credit with Enel, seeking credit for Encore in the amount of

$500,000. The application required a bank reference, and Dato provided the

information for his contact at VN Bank. Enel approved an initial credit limit of

$100,000, and, thereafter, Encore began purchasing Enel's electric vehicle

charging equipment. In a relatively short period of time, Encore exceeded its

credit limit, and Enel refused to fulfill additional orders until it approved an

increase in Encore's credit limit.

In December 2021, Dato sent a text message to his contact at VN Bank

asking for a letter stating that Encore had a line of credit with VN Bank in the

amount of $650,000 or $700,000. Specifically, that message read:

I'm trying to secure this deal to get the [electric vehicle] rates [sic] for Florida. Since we already have a $150,000 line of credit and [another representative at VN Bank] is opening up at [sic] $500,000 account maybe you could send us a letter that basically says Encore LED [L]ighting has a 650 or $700,000 line of credit? It's just a letter it's not going to be used in any binding capacity at all. Just helping me buy the rights to Florida. Thanks.

A-0391-23 5 VN Bank supplied Dato with the requested letter, which Dato then submitted to

Enel.1

In January 2022, Dato, on behalf of Encore, applied to VN Bank to

increase Encore's line of credit from $150,000 to $250,000. VN Bank approved

the application and increased Encore's line of credit to $250,000. In connection

with that increase, Encore and VN Bank executed a Modification Agreement.

The Modification Agreement stated that Encore agreed to "indemnify, defend

and hold [VN Bank] . . . harmless against any claim brought or threatened"

against VN Bank "on account of [VN Bank's] relationship with [Encore] . . .

except for any claim arising out of the gross negligence or willful misconduct

of [VN Bank]." Encore also granted VN Bank a continuing lien and security

interest in all deposits Encore had with VN Bank and the right to set off Encore's

deposits if necessary to satisfy Encore's obligations to VN Bank.

Meanwhile, on April 1, 2022, Encore and Enel entered into a Distribution

Agreement, under which Encore could purchase electric vehicle charging

Free access — add to your briefcase to read the full text and ask questions with AI

Related

At&T Technologies, Inc. v. Communications Workers
475 U.S. 643 (Supreme Court, 1986)
Mastrobuono v. Shearson Lehman Hutton, Inc.
514 U.S. 52 (Supreme Court, 1995)
Kpmg LLP v. Cocchi
132 S. Ct. 23 (Supreme Court, 2011)
Alfano v. BDO Seidman, LLP
925 A.2d 22 (New Jersey Superior Court App Division, 2007)
Elizabethtown Water Co. v. Watchung Square Associates, LLC
871 A.2d 140 (New Jersey Superior Court App Division, 2005)

Cite This Page — Counsel Stack

Bluebook (online)
Valley National Bank v. Encore Led Lighting, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/valley-national-bank-v-encore-led-lighting-llc-njsuperctappdiv-2024.