Muncy v. Intercloud Systems, Inc.

MEMORANDUM OPINION AND ORDER

DAVID L. BUNNING, District Judge.

Plaintiff Robert Muncy alleges that Defendant InterCloud Systems, Inc. violated federal and state securities laws when Defendant Billy Caudill and former-Defendant Russell Cornett1 sold him InterCloud stock. InterCloud contends that it is not liable for Caudill’s and Cornett’s actions and has moved to dismiss under Fed. R.Civ.P. 12(b)(2) for lack of personal jurisdiction and Fed.R.Civ.P. 12(b)(6) for failure to state a claim. This matter is fully briefed and ripe for review. (Docs. ## 20, 23, 27). For the following reasons, the…