Bencor Inc. v. the Variable Annuity Life Insurance Company

CourtCourt of Appeals of Texas
DecidedApril 7, 2011
Docket01-09-00094-CV
StatusPublished

This text of Bencor Inc. v. the Variable Annuity Life Insurance Company (Bencor Inc. v. the Variable Annuity Life Insurance Company) 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
Bencor Inc. v. the Variable Annuity Life Insurance Company, (Tex. Ct. App. 2011).

Opinion

Opinion issued April 7, 2011

In The

Court of Appeals

For The

First District of Texas

————————————

NO. 01-09-00094-CV

———————————

Bencor, Inc., Appellant

V.

The Variable Annuity Life Insurance Company, Appellee

On Appeal from the 270th District Court

Harris County, Texas

Trial Court Case No. 2008-20349

MEMORANDUM OPINION

          Appellant Bencor, Inc. appeals the trial court’s order granting summary judgment in favor of appellee The Variable Annuity Life Insurance Company.  In three issues, Bencor argues that the trial court erred in: (1) granting VALIC’s traditional motion for summary judgment; (2) denying Bencor’s cross-motion for partial summary judgment; and (3) awarding attorney’s fees and costs to VALIC.  We affirm.

I.                  Background

Bencor was formed in 1990 for the purpose of developing and marketing various employee benefit plans for governmental employers and their employees.  Among the retirement investment benefit plans developed by Bencor were the “3121 Plan” and the “Special Pay Plan.”  VALIC specializes in developing and marketing retirement products and services to employees of governmental entities, educational groups, and other organizations.  The two companies entered into a marketing agreement, whereby Bencor agreed to design and market the 3121 Plans and Special Pay Plans, and VALIC agreed to provide investment vehicles for the retirement plans and the expertise of its national sales force.  In consideration of Bencor’s performance of its obligations under the marketing agreement, VALIC agreed to pay Bencor compensation in the form of various commissions and bonuses as set out in the agreement.

Bencor and VALIC eventually renegotiated the marketing agreement to change the rates of compensation.  Under the agreement’s first amendment, VALIC remained obligated to pay certain specified commissions and bonuses.  The amended agreement further provided that, with the exception of the amended terms, “[a]ll terms and conditions of the [original] Agreement shall remain valid and binding in accordance with its terms. . . .  [N]o other enlargement or diminution of rights or responsibilities under the Agreement [was] either intended or recognized [by the parties].”

          The parties operated under the revised marketing agreement for twenty-two months.  In November 2004, VALIC informed Bencor that it would cease paying current and future commissions and bonuses in light of a perceived miscalculation and overpayment of commissions and bonuses, which it believed had occurred over the life of the agreement.  Bencor ultimately initiated arbitration proceedings to resolve the dispute, seeking damages for amounts earned, a declaration of its rights under the agreement, and other relief.  It argued in its pre-hearing brief that it was entitled to damages for past-due and future commissions, and during the February 2006 arbitration, it presented evidence of future damages under the marketing agreement through November 2007.

          The arbitration panel issued an order and award, as well as findings of fact and conclusions of law.  The panel concluded that the amended marketing agreement did not eliminate VALIC’s obligation to pay the disputed commissions and bonuses, and that VALIC breached the marketing agreement when it refused to pay commissions and bonuses on existing and new cases.  The panel further concluded that Bencor did not breach the amended marketing agreement and that it was entitled to compete with VALIC after payments under the marketing agreement ceased.  The panel denied all of VALIC’s claims and counterclaims and ordered it to pay over $8 million in damages and over $1 million in costs and attorney’s fees.  The award stated that it fully resolved all claims, counterclaims and disputes of fact advanced by the parties, and that all claims not expressly granted were denied.

          Bencor moved to confirm the arbitration award in the federal district court proceeding, and the court issued a final judgment confirming the arbitration award and dismissing all the parties’ claims and counterclaims.  VALIC paid Bencor all of the damages awarded by the arbitration panel.  Subsequently, VALIC has not paid and refuses to pay post-termination commissions to which Bencor contends it remains entitled to receive under the terms of the agreement.  It is VALIC’s refusal to pay post-termination commissions for existing 3121 Cases and Special Pay Plan Cases that is the basis of this lawsuit.

Bencor sued VALIC for breach of contract, declaratory judgment, and an accounting.  VALIC filed a motion for summary judgment asserting that res judicata barred Bencor’s claims because they had previously been litigated before the arbitration panel.  The trial court granted VALIC’s motion for summary judgment, denied Bencor’s motion for partial summary judgment, and dismissed all of Bencor’s claims with prejudice.  The trial court later vacated and re-entered summary judgment against Bencor, reserving the issue of attorney’s fees for trial.  The issue of attorney’s fees was tried to a jury, which awarded VALIC $200,122.50 in fees plus conditional appellate fees.

On appeal, Bencor argues that the trial court erred in granting VALIC’s motion for summary judgment and in denying its motion for partial summary judgment.  Bencor also argues that VALIC was not entitled to fees under the Declaratory Judgments Act because the trial court’s ruling on its motion for summary judgment mooted Bencor’s declaratory judgment claim, that the fees assessed were unjust and inequitable, that the evidence was insufficient to support the jury’s award of attorney’s fees, and that the trial court erred in refusing to instruct the jury on VALIC’s duty to segregate fees.

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