X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The following e-filed documents, listed by NYSCEF document number (Motion 004) 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 101, 102, 103, 104, 105, 106, 107, 108, 109 were read on this motion to/for AMEND CAPTION/PLEADINGS. DECISION+ ORDER ON MOTION Plaintiff KIND Operations Inc. (KIND) moves pursuant to CPLR 3025 (b) for an order granting it leave to amend its complaint to assert a breach of contract claim against former defendant AOG, LLC (AOG) and a tortious interference with contract claim against former defendant AUA Private Equity Partners, LLC (AUA). Both AUA and AOG (AUA/AOG defendants) oppose the motion and defendants PA Co-Man Inc. f/k/a TruFood Manufacturing (TruFood), Peter Tsudis and George Tsudis adopt certain arguments in support of AUA/AOG defendants’ opposition. Background This action arises out of a Manufacturing Agreement between KIND, which sells snack bars containing fruit, nuts and other natural ingredients, and TruFood (NYSCEF # 17-Amended and Restated Manufacturing Agreement dated July 1, 2015, as amended on November 1, 2015 and January 18, 2018). The Manufacturing Agreement requires TruFood to notify KIND 45 days before entering into a “change of control transaction,” which includes “the sale, transfer or exclusive license…of substantially all of the KIND assets” (id., §7.1 [b], [g]). Upon receiving notice, KIND has fifteen days to grant or withhold consent to the transaction, which consent is in its “sole and absolute discretion;” however, KIND’s failure to reject the proposed transaction in writing, within the fifteen-day period is deemed a grant of consent to the transaction (id., §7.1 [b]). In this action, KIND alleges that despite its failure to obtain its consent as required under section 7.1, TruFood entered into a change of control transaction with AUA and its affiliate, AOG, in June 2019 (the Transaction). Prior to the Transaction, TruFood defaulted on various secured loans and had surrendered its collateral to its secured creditors. The Transaction involved AOG’s purchase of TruFood’s assets from these secured creditors pursuant to a Purchase and Sale Agreement dated June 7, 2019 (PSA) (NYSCEF # 18-PSA). KIND commenced this action on July 1, 2019, against TruFood, its CEO and President, Peter Tsudis, and the AUA/AOG defendants (NYSCEF # 1-Complaint). The initial complaint asserted claims against these defendants for breach of contract, breach of the covenant of implied faith and fair dealing, tortious interference with contractual relations, and for a declaratory judgment (id.,

33-58). KIND filed an amended complaint on September 1, 2019, which, inter alia, added as defendants certain individual principals of AUA and AOG (the Individual Defendants), and asserted additional claims, including for fraudulent omissions, aiding and abetting fraud, misappropriation of trade secrets and conversion (NYSCEF # 3-Amended Complaint,

 
Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

More From ALM

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
View Now
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
View Now
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
View Now
November 27, 2024
London

Celebrating achievement, excellence, and innovation in the legal profession in the UK.


Learn More
December 02, 2024 - December 03, 2024
Scottsdale, AZ

Join the industry's top owners, investors, developers, brokers and financiers for the real estate healthcare event of the year!


Learn More
December 11, 2024
Las Vegas, NV

This event shines a spotlight on how individuals and firms are changing the investment advisory industry where it matters most.


Learn More

Role TitleAssociate General Counsel, Global EmploymentGrade F13Reporting ToSenior Legal Counsel, Global EmploymentProgram/Tool/ Department/U...


Apply Now ›

Ryan & Conlon, LLP, is a boutique firm specializing in insurance defense. We are a small eclectic practice with a busy and fast paced en...


Apply Now ›

INTELLECTUAL PROPERTY PROSECUTION PARALEGAL - NEW JERSEY OR NEW YORK OFFICESProminent mid-Atlantic law firm with multiple regional office lo...


Apply Now ›