Sullivan v. Kodsi

Plaintiff Brian Sullivan appeals from the circuit court’s dismissal of defendant Neuberger Berman Trust Company of Delaware (Neuberger) for lack of personal jurisdiction. For the reasons that follow, we reverse and remand for further proceedings.

Plaintiff partnered with defendants Alain Kodsi and Antonio Gracias in October 1996 to identify and acquire mid-sized businesses for investment purposes. All three parties agreed that they would invest equally in their acquisitions. In May 1997, Kodsi and Gracias formed MG Capital, LLC (MG Capital), naming themselves managing members. In late 1997,…