Velocity Solutions, Inc. v. Bsg, LLC

2015 NCBC 51
CourtNorth Carolina Business Court
DecidedMay 26, 2015
Docket14-CVS-577
StatusPublished

This text of 2015 NCBC 51 (Velocity Solutions, Inc. v. Bsg, LLC) 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
Velocity Solutions, Inc. v. Bsg, LLC, 2015 NCBC 51 (N.C. Super. Ct. 2015).

Opinion

Velocity Solutions, Inc. v. BSG, LLC, 2015 NCBC 51.

STATE OF NORTH CAROLINA IN THE GENERAL COURT OF JUSTICE SUPERIOR COURT DIVISION COUNTY OF NEW HANOVER 14 CVS 557

VELOCITY SOLUTIONS, INC.; ) INTELLIGENT LIMIT SYSTEM, ) LLC; DEPOSIT SCORE, LLC; and ) SHESHUNOFF MANAGEMENT ) SERVICES, LP, ) ) Plaintiffs, ) ) v. ) ORDER ) BSG, LLC d/b/a BSG FINANCIAL, ) LLC and d/b/a BANK STRATEGY ) GROUP; HOGHAUG CONSULTING, ) LLC; and ERIK M. HOGHAUG, ) individually, ) ) Defendants. ) )

{1} THIS MATTER is before the Court on Defendants’ Joint Motion for Attorney Fees Pursuant to NCGS § 66-154(d) and Motion for Sanctions Pursuant to N.C. Rule of Civ. P. 11 (“Motion”), filed January 23, 2015. For the reasons stated below, the Motion is DENIED.

Murchison, Taylor & Gibson, PLLC by Andrew K. McVey for Plaintiffs.

Van Hoy, Reutlinger, Adams & Dunn by Stephen J. Dunn for Defendant BSG, LLC and Fisher & Phillips LLP by J. Michael Honeycutt for Defendants Hoghaug Consulting, LLC and Erik M. Hoghaug.

Gale, Chief Judge.

I. NATURE OF MATTER BEFORE THE COURT

{2} Plaintiffs brought claims, including for trade secret misappropriation, that they dismissed without prejudice. Defendants contend that Plaintiffs never had a reasonable factual or legal basis upon which to pursue those claims and that they were brought in bad faith and for an improper purpose. Defendants now seek the award of attorneys’ fees under section 66-154(d) of the North Carolina General Statutes and Rule 11 of the North Carolina Rules of Civil Procedure (“Rule(s)”).

II. PROCEDURAL AND FACTUAL HISTORY

{3} Plaintiffs filed their initial Complaint on February 19, 2014. The parties jointly designated the matter as a complex business case on March 21, 2014, and the matter was assigned to the undersigned on March 26, 2014. {4} Plaintiffs’ claims arise out of competition between Velocity Solutions, Inc. (“Velocity”) and Defendant BSG, LLC (“BSG”) in the sale of overdraft protection software. Defendant Erik M. Hoghaug (“Hoghaug”) formerly worked for both Sheshunoff Management Services, L.P. (“SMS”) and Velocity. Plaintiffs contend that he acquired intimate knowledge of Plaintiffs’ “confidential and proprietary business practices and trade secrets,” including “proprietary algorithms, client contact lists, product pricing, consulting and marketing methods, and software architecture upon which proprietary software and solutions are based.” (Am. Compl. ¶ 20.) On September 2, 2008, Hoghaug entered into a confidentiality agreement with Velocity as a part of his employment. {5} Hoghaug left Velocity’s employ during or before 2012, after which he formed Hoghaug Consulting, LLC (“HC”). Through HC, Hoghaug worked with BSG to modify and update BSG’s software. Plaintiffs assert that BSG then enjoyed significant commercial success that necessarily resulted from Hoghaug’s misappropriation of Plaintiffs’ trade secrets and his breach of the confidentiality agreement. {6} Plaintiffs originally brought claims for breach of employment contract and misappropriation of trade secrets against Hoghaug; tortious interference with contract against BSG; tortious interference with customer contracts against Hoghaug, HC, and BSG; and unfair and deceptive trade practices against all Defendants. {7} BSG answered on April 11, 2014. Hoghaug and HC moved to dismiss the claims alleged against them on May 5, 2014. Their primary contention was that Plaintiffs had failed adequately to identify any trade secrets or misappropriation upon which they could proceed. Plaintiffs moved for leave to file an amended complaint on May 27, 2014, which Defendants opposed on grounds of futility. {8} The Court calendared the motion to dismiss for hearing on June 25, 2014, but the hearing was cancelled because no court reporter was available. The Court instead held an unrecorded, informal conference with the parties, during which the Court advised the parties that it was inclined to allow the motion to amend and defer further consideration of Defendants’ arguments as to the adequacy of Plaintiffs’ specification of trade secrets until after the amended complaint was filed. The Court also advised Plaintiffs that they would have to specify their trade secrets with greater detail before the Court would allow them to proceed with discovery. {9} Plaintiffs voluntarily dismissed their tortious interference claim against Hoghaug and HC on June 25, 2014, and filed an Amended Complaint on July 15, 2014, one purpose of which was to make more express Plaintiffs’ reliance on the doctrine of inevitable disclosure. {10} On November 3, 2014, the Court approved a consent protective order, pursuant to which the Court understands the parties exchanged some information regarding Plaintiffs’ alleged trade secrets. Defendants maintain that Plaintiffs never specified their trade secrets in the required manner. {11} Plaintiffs voluntarily dismissed the action without prejudice on December 23, 2014. {12} Defendants jointly moved for attorneys’ fees on January 23, 2015. The parties have filed affidavits, documentary materials, and extensive briefs. The Court heard oral argument in New Hanover County on April 17, 2015. The Motion is ripe for ruling. III. FINDINGS OF FACT

{13} The Court makes the following findings of fact solely for purposes of ruling on the Motion. Such findings shall not be deemed conclusive or “the law of the case” in this or subsequent proceedings. Specifically, the Court does not assess the ultimate merits of Plaintiffs’ claims, determining only whether they had adequate potential merit to withstand the imposition of sanctions.

A. The Parties

{14} Plaintiff Velocity is a North Carolina corporation. Plaintiff Intelligent Limit System, LLC (“ILS”) is a North Carolina limited liability company that maintained rights in an overdraft software protection product known as Intelligent Limit System (“ILS Software”). Plaintiff Deposit Score, LLC (“Deposit Score”) is a Delaware limited liability company that developed an overdraft software product known as Deposit Score (“SMS Software”), formerly sold by Plaintiff SMS, a Texas limited partnership. SMS sold its overdraft software to Velocity in May 2012. {15} Defendant BSG is a Kentucky limited liability company with its principal office in Jefferson County, Kentucky. BSG offers an overdraft management software known as Courtesy Connect or Courtesy Limit. {16} Defendant Hoghaug is an individual and resident of Hays County, Texas. Hoghaug worked for SMS between 2002 and 2008, and then for Velocity from 2008 to 2012. Following his employment with Velocity, in June 2012, Hoghaug formed HC, a Texas limited liability company with its principal office in Hays County, Texas. Hoghaug consults with BSG through a July 2012 contract between BSG and HC.

B. Hoghaug Employment-Related Contracts

{17} Hoghaug was intimately involved in SMS’s design of the SMS Software which Velocity acquired from SMS in June 2012. {18} Hoghaug began work with Velocity around September 2008. He signed an employment agreement that included an agreement not to disclose Velocity’s confidential information such as computer programs, pricing structures, price lists, and customer lists. (Leonard Aff. ¶¶ 12–14.) The agreement also included a restrictive covenant; however, that covenant does not prohibit competitive employment in the field of overdraft protection software of the nature at issue in this litigation. (Defs.’ Joint Mot. Attorney Fees Pursuant to NCGS § 66-154(d) and Mot. Sanctions Pursuant to N.C. Rule of Civ. P. 11 (“Motion”) Ex. A.) {19} Beginning in early 2012, Hoghaug took a leave of absence from Velocity.

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Bluebook (online)
2015 NCBC 51, Counsel Stack Legal Research, https://law.counselstack.com/opinion/velocity-solutions-inc-v-bsg-llc-ncbizct-2015.