Value Health Sols. Inc. v. Pharm. Research Assocs., Inc.

2019 NCBC 68
CourtNorth Carolina Business Court
DecidedSeptember 6, 2019
Docket18-CVS-12318
StatusPublished

This text of 2019 NCBC 68 (Value Health Sols. Inc. v. Pharm. Research Assocs., Inc.) 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
Value Health Sols. Inc. v. Pharm. Research Assocs., Inc., 2019 NCBC 68 (N.C. Super. Ct. 2019).

Opinion

Value Health Sols. Inc. v. Pharm. Research Assocs., Inc., 2019 NCBC 68.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION COUNTY OF WAKE 18-CV-12318

VALUE HEALTH SOLUTIONS INC. and NAGARAJAN PARTHASARATHY,

Plaintiffs, ORDER AND OPINION ON v. PLAINTIFFS’ MOTION TO DISMISS DEFENDANTS’ AMENDED PHARMACEUTICAL COUNTERCLAIMS RESEARCH ASSOCIATES, INC. and PRA HEALTH SCIENCES, INC.,

Defendants.

THIS MATTER comes before the Court on Plaintiffs Value Health Solutions,

Inc. (“Value Health”) and Nagarajan Parthasarathy’s (“Parthasarathy”; collectively

“Plaintiffs”) Motion to Dismiss Amended Counterclaims. (“Motion”, ECF No. 41.)

The Court, having considered the Motion, the briefs submitted in support of and in

opposition to the Motion, and the arguments of counsel at the hearing on the Motion,

concludes that the Motion should be GRANTED, in part, and DENIED, in part for

the reasons set forth below.

Mainsail Lawyers by David Glen Guidry and Joseph Kellam Warren for Plaintiffs Value Health Solutions, Inc. and Nagarajan Parthasarathy.

Kilpatrick Townsend & Stockton LLP by Randy Avram, John Moye, and Joe P. Reynolds for Defendants Pharmaceutical Research Associates, Inc. and PRA Health Sciences, Inc.

McGuire, Judge. I. FACTUAL AND PROCEDURAL BACKGROUND

1. The Court does not make findings of fact on motions to dismiss under

Rule 12(b)(6), but only recites those facts included in the complaint that are relevant

to the Court’s determination of the Motion. See e.g., Concrete Serv. Corp. v. Inv’rs

Grp., Inc., 79 N.C. App. 678, 681, 340 S.E.2d 755, 758 (1986). The facts relevant to

the determination of the Motion are drawn from Defendants’ Amended

Counterclaims. (“Amended Counterclaims”, ECF No. 37 at CC.)1

2. Defendants Pharmaceutical Research Associates, Inc. (“PRA, Inc.”) and

PRA Health Sciences (“PRA Health”) comprise “one of the world’s leading global

contract research organizations (CRO), engaging in the design, implementation, and

management of clinical trials all over the world.” (ECF No. 37 at CC, ¶¶ 1, 11.)

(Collectively, Defendants will be referred to herein as “PRA,” in the singular, except

as otherwise required.) PRA conducts clinical trials for pharmaceutical and biotech

companies. As of December 20, 2018, PRA employed 15,000 employees in 60 different

countries. (Id. at ¶ 11.)

3. Plaintiffs are the developers of clinical trial management software

(“CTMS”), a type of software CRO’s use to manage clinical trials. Plaintiffs developed

a software product, called the “Solution,” which they represented to PRA as being

suitable for use by large CRO’s for conducting global clinical trials. (Id. at ¶¶ 13–14.)

Parthasarathy was employed by Value Health as its president.

1 Defendants’ Amended Counterclaims are contained within ECF No. 37, which is entitled Defendants’

Amended Answer, Affirmative Defenses, and Counterclaims. The Amended Counterclaims are set out under a separate heading and contain 99 numbered paragraphs. The Court herein cites to the Counterclaims as (ECF No. 37 at CC.) A. Negotiation and Sale of Plaintiffs’ Solution to PRA and Alleged Misrepresentations by Plaintiffs

4. From early 2014 through May 2015, Plaintiffs and PRA engaged in

negotiations for PRA’s acquisition of the Solution. (Id. at ¶¶ 1, 11–20.) During the

negotiations, PRA alleges that Plaintiffs “represented themselves to PRA as

sophisticated software developers with expertise in,” CTMS and with “expertise [in]

implementation of CTMS on a global-scale.” (Id. at ¶ 13 (quotation marks omitted).)

Parthasarathy represented that the Solution “was capable, over the next five years,

of simultaneously addressing the specific needs of up to 20 ‘Big Pharma’

customers, . . . 80 ‘Big Biotech’ customers, . . . and 100 ‘Small Pharma’ customers[.]”

(Id. at ¶ 15.) “Parthasarathy knew the details of the clinical trial management

system (“CTMS”) then in use by PRA and the requirements that PRA had for any

CTMS it deployed in the future, including the requirement that the CTMS be capable

of handling global, sophisticated clinical trials.” (Id. at ¶ 16.)

5. Additionally, after allegedly conducting a functionality comparison

between the Solution and the clinical trial management system then used by PRA,

Parthasarathy “represented that . . . the Solution had higher ‘functionality’ with

respect to (1) ‘user interface, . . . (2) upgradability, . . . and (3) externalization[.]’” (Id.

at ¶ 16.) Plaintiffs even advised PRA that “the Solution would be an improvement

over the clinical trial management system PRA had in place . . . and that

implementing it would save PRA money.” (Id. at ¶ 25.) Lastly, Parthasarathy

claimed that if it acquired the Solution PRA could expect to generate around $250 million in revenue over five years from licensing the Solution to third parties. (Id. at

¶ 15.)

6. Plaintiffs also made certain representations to PRA regarding Plaintiffs’

ability to enhance the functionality of the Solution to ensure that it met PRA’s needs.

On June 2, 2014, PRA’s Executive Director of IT provided Parthasarathy with a

summary of key product enhancements “the Product Enhancements”) that were

needed to “close the gap” between the Solution and the clinical trial management

system then used by PRA. (Id. at ¶ 17.) In response, on November 20, 2014,

Parthasarathy communicated to PRA that Plaintiffs had implemented a majority of

the Product Enhancements and that seven of the Product Enhancements were “ready

and tested,” including: “PDF templates;” “Confirmation/Follow-Up Letters;” “Interim

Payments (Advances) calculations;” “Milestone Payments;” “Budget Templates &

Items;” and “Enable export to XLS/CSV from Views.” (Id. at ¶ 18.) PRA alleges

“upon information and belief” Plaintiffs had not implemented the seven Product

Enhancements and “Parthasarathy knew these enhancements had not been

implemented into the Solution and were not ‘ready and tested.’” (Id. at ¶ 19.)2

7. On May 21, 2019, PRA and Plaintiffs entered into an Asset Purchase

Agreement (the “APA”, ECF No. 8.1 at APA), which contained the terms for Plaintiffs’

2 PRA subsequently alleges that “Parthasarathy represented to PRA on November 20, 2014

that ten of the twenty [Product Enhancements] had already been implemented into the Solution.” (ECF No. 37 at CC, ¶ 26.) For purposes of deciding the Motion, the Court will rely on the allegation that Parthasarathy represented that ten Product Enhancements had been implemented as of the time of the execution of the APA. sale of the Solution to PRA.3 (ECF No. 37 at CC, ¶ 20.) PRA alleges it relied on

Plaintiffs’ representations, and particularly on Parthasarathy’s representation that

ten of the Product Enhancements had been implemented into the Solution and were

“ready and tested” in deciding to enter into the APA. (Id. at ¶ 20.)

8. Pursuant to the APA, PRA paid Plaintiffs $2,457,000 in stock and cash

for the Solution. (ECF No. 8.1 at APA, p. 3.) The APA also provided for additional

contingent payments to be made by PRA to Plaintiffs if certain milestones set forth

in the APA were met. (Id. at pp. 3–4.) A separate document entitled Schedules to

the Asset Purchase Agreement, referenced in the APA, details the requirements

Plaintiffs were expected to satisfy to achieve the milestones in the APA. (“Schedules”,

ECF No. 8.1 at Schedules.) Three of the milestones set were contingent upon

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