Anthony Aldridge v. Thrift Financial Marketing, LLC

CourtCourt of Appeals of Texas
DecidedAugust 2, 2012
Docket02-11-00492-CV
StatusPublished

This text of Anthony Aldridge v. Thrift Financial Marketing, LLC (Anthony Aldridge v. Thrift Financial Marketing, LLC) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Anthony Aldridge v. Thrift Financial Marketing, LLC, (Tex. Ct. App. 2012).

Opinion

COURT OF APPEALS SECOND DISTRICT OF TEXAS FORT WORTH

NO. 02-11-00492-CV

ANTHONY ALDRIDGE APPELLANT

V.

THRIFT FINANCIAL MARKETING, APPELLEE LLC

----------

FROM THE 67TH DISTRICT COURT OF TARRANT COUNTY

OPINION ----------

I. Introduction

Appellant Anthony Aldridge appeals from the trial court’s denial of his

motion to compel arbitration in a suit brought against him and others by Appellee

Thrift Financial Marketing, LLC (Thrift), a Delaware Limited Liability Company.

Aldridge, a former “Member” of Thrift, contends that, pursuant to an arbitration

agreement contained in the formation agreement creating Thrift, he may compel

arbitration of the claims asserted against him by Thrift because those claims arise from acts he allegedly undertook while still a Member of Thrift. Because

the Agreement excludes former Members from the class of persons entitled to

compel arbitration, we affirm the trial court’s order.

II. Background

Aldridge and Sue Harvison formed Thrift in 2008 when they entered into

the Limited Liability Company Agreement of Thrift Financial Marketing, LLC

(Company Agreement). From Thrift’s inception through September 30, 2011,

Harvison and Aldridge, who executed the Company Agreement as the “initial

Members of the Company,” were also Thrift’s only two Managers as well as its

only two Members.

The Company Agreement, which contains the operative provisions for

management, membership rights, and other matters pertaining to the governance

and operation of Thrift, also contains an arbitration agreement that states in

relevant part as follows:

(b) In the event of the existence of a dispute or disagreement arising out of, or relating to, the formation, interpretation, performance or breach of any Transaction Documents or any amendment or other modification thereto, any Member or Members (each a “Disputing Member”) may submit its basis for such dispute or disagreement in writing to the other Member or Members and such other Member or Members (the “Responding Members”) shall respond in writing to such written notice within 14 days after receiving the written notice. . . .

(c) If any dispute shall not have been resolved through the use of the procedures specified in paragraph (b) within 30 days after the initial written submission of the issue by a Disputing Member to the Responding Members, then the dispute shall, unless the Disputing Member and Responding Members otherwise agree, be submitted to

2 and settled by arbitration in accordance with the Commercial Arbitration Rules of the American Arbitration Association, now in effect, except to the extent modified herein. . . . [Emphasis added.]

The Company Agreement expressly defines “Member” as follows:

“Member” means any Person executing this Agreement as of the date of this Agreement as a Member or hereafter admitted to the Company as a member as provided in this Agreement, but such term “excludes any Person who has ceased to be a Member.” [Emphasis added.]

As alleged in the parties’ pleadings and set forth in affidavits, Harvison and

Aldridge formed Thrift to handle leads provided to it by Cendera Funding, Inc.

(Cendera), a lending company for residential mortgage loans. Thrift’s business

plan contemplated the use of a call center owned and operated by Thrift, to refine

and solicit such leads for Cendera from raw data provided to Thrift by Cendera.

According to Thrift, its call center operations allowed it to identify the most

promising prospective customers seeking mortgage loans on single-family

residences, who would then be referred to Cendera loan officers. Effective

September 30, 2008, shortly after Thrift had been formed, Thrift and Cendera

entered into a marketing service agreement that provided for Thrift to handle the

leads and payment by Cendera for Thrift’s services and for Cendera to recruit

and train loan officers to be employed by Cendera but located at Thrift’s offices.

When Thrift received the leads, Thrift personnel would call the potential borrower

and invite that person to speak to one of Cendera’s loan officers. If the lead

matured into a loan, Cendera paid Thrift.

3 Aldridge, a licensed mortgage banker, became employed as a loan officer

for Cendera and recruited other loan officers to be employed by Cendera and to

work from Thrift’s offices. According to Aldridge, Thrift was aware of and

consented to Aldridge’s employment with Cendera, and Cendera was aware of

and consented to Aldridge’s relationship with Thrift.

Thrift contends that, by late spring of 2011, profits derived from Cendera’s

branch office at Thrift’s offices had increased dramatically; Thrift contends that

Brian Collins1 proposed a joint venture with Thrift that promised greater profits

and that Thrift and Cendera equally shared profits pursuant to that joint venture

from early Summer 2011 through September 30, 2011. Aldridge contends that

changes to the agreement were necessary to bring it into compliance with new

laws and regulations and that Thrift and Cendera “could not reach a resolution”

about necessary changes “after much effort and discussion.” Aldridge resigned

as a member and manager of Thrift effective September 30, 2011, and

relinquished all membership interest in Thrift. Aldridge’s letter of resignation,

addressed to Harvison, also referenced a “dissolution” of the marketing services

agreement between Thrift and Cendera, to which Harvison responded on the

same date with a vigorous objection that Aldridge had no authority to dissolve the

agreement between Thrift and Cendera.

1 Brian Collins is identified in documents contained in the clerk’s record as the President and CEO of Cendera.

4 On October 6, 2011, Thrift filed this lawsuit against Aldridge, Cendera, and

Collins,2 asserting against Aldridge various claims for debt, liability under the

Texas Theft Liability Act, and breaches of fiduciary duty and seeking damages,

forfeiture of profits, and establishment of a constructive trust. Aldridge filed a

motion to compel arbitration, and Thrift filed a response. The trial court denied

Aldridge’s motion to compel arbitration after a hearing, and this interlocutory

appeal followed.3

III. Discussion

Aldridge raises three issues. He argues generally in his first issue that the

trial court erred when it refused to compel arbitration. He contends in his second

issue that Thrift may be compelled to arbitrate pursuant to the arbitration

provision in the Company Agreement even though Thrift itself is a nonsignatory

to that agreement, and he asserts in his third issue that, although he is no longer

a Member of Thrift, he may nevertheless compel arbitration pursuant to the

Company Agreement because Thrift’s claims arise from conduct that allegedly

occurred while he was still a Member. We address Aldridge’s third issue first.

2 Thrift alleges that Collins knowingly participated in Aldridge’s and Cendera’s breaches of fiduciary duty against Thrift. 3 Cendera and Collins filed a motion adopting Aldridge’s motion to compel arbitration but have not appealed the trial court’s denial of their motion.

5 A. Applicable Law

The parties agree that the Federal Arbitration Act (FAA) applies to this

proceeding. See 9 U.S.C.A. §§ 1–16 (West 2009). Section 51.016 of the Texas

Civil Practice and Remedies Code permits the interlocutory appeal of an order

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