Cadence Bank v. Burns, Burns & Burns, LLC

CourtDistrict Court, S.D. Texas
DecidedJune 23, 2025
Docket4:24-cv-03040
StatusUnknown

This text of Cadence Bank v. Burns, Burns & Burns, LLC (Cadence Bank v. Burns, Burns & Burns, LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cadence Bank v. Burns, Burns & Burns, LLC, (S.D. Tex. 2025).

Opinion

UNITED STATES DISTRICT COURT June 23, 2025 SOUTHERN DISTRICT OF TEXAS Nathan Ochsner, Clerk HOUSTON DIVISION

CADENCE BANK, § § Plaintiff, § § VS. § CIVIL ACTION NO. 4:24-CV-3040 § BURNS, BURNS & BURNS LLC and § GERCORY CRAWFORD, § § Defendant.

MEMORANDUM & ORDER In this breach of contract action, Plaintiff Cadence Bank requests that the Court find Defendants Burns, Burns & Burns LLC and Gercory Crawford liable for breach of a Note and Guaranty in the principal amount of $500,000. Before the Court is Plaintiff Cadence Bank’s Renewed Motion for Summary Judgment. ECF No. 21. For the reasons that follow, the Court finds that Plaintiff’s Motion for Summary Judgment should be granted. I. BACKGROUND On March 30, 2022, Defendant Burns, Burns & Burns LLC (“Burns”), by Gercory Crawford (“Crawford”), its Chief Executive Manager, executed a certain valid and enforceable Note (the “Note”) payable to the order of Cadence Bank in the principal amount of $500,000.00. ECF No. 16-1; 16-2. Pursuant to the Note, Cadence Bank agreed to make a loan (the “Loan”) to Burns in the principal amount of $500,000.00. Id. Cadence Bank performed under the Note and other Loan Documents by funding the Loan. ECF No. 16-1. 1 In the Note, Burns agreed to repay the loan in consecutive monthly payments. ECF No. 16- 2 at 2-3. Burns agreed that the failure to make payment or otherwise comply with the Note would constitute a breach of the Note and that if it missed a regularly scheduled payment, it would owe an additional late fee of up to 5% of the unpaid portion of the regularly scheduled payment. Id. at 2-3. Burns further agreed that, in the event of a default, “Lender may…[i]ncur expenses to collect

amounts due under this Note, enforce the terms of this Note or any other Loan Document, and preserve or dispose of the Collateral” and that “[a]mong other things, the expenses may include…reasonable attorney’s fees and costs.” Id. at 4. Also on March 30, 2022, Crawford executed and delivered a Guaranty Agreement (the “Guaranty”) to Cadence Bank pursuant to which Crawford unconditionally guaranteed payment of all amounts owing under the Note. ECF No. 16-1; ECF No. 16-3. In addition to repaying all amounts due and owing under the Note upon demand, Crawford agreed “to pay all expenses Lender incurs to enforce this Guarantee, including, but not limited to, attorney’s fees and court costs.” ECF No. 16-3 at 5.

Also on March 30, 2022, Burns executed a Security Agreement (the “Security Agreement” and together with the Note, the Guaranty, and the UCC-1s, collectively, the “Loan Documents”) pledging all of its equipment, machinery, furniture, fixtures, inventory, raw materials, work-in- process, supplies, accounts, accounts receivable, contract rights, instruments, documents, chattel paper and general intangibles (each term, as defined in the Uniform Commercial Code) as collateral to secure the full and punctual payment of all indebtedness, and the due performance of all obligations of Burns under the Note. ECF No. 16-1; ECF No. 16-4. The Security Agreement was properly perfected upon the filing of (a) a certain UCC-1 with the Texas Secretary of State, Document Number 22-0016177016 (ECF No. 16-5); and (b) a 2 certain UCC-1 as a fixture filing with the Harris County Clerk’s Office, Document Number RP- 2022-198422 (ECF No. 16-6) (collectively, the “UCC-1s”). As of August 2023, Burns breached the Note by failing to make payments as and when due under the Note. ECF No. 16-1. On January 22, 2024, Cadence Bank sent Defendants a Notice of Default and Intent to Accelerate and Reservation of Rights notifying each Defendant of Burns’

default under the Note and demanding that each Defendant cure the defaults. ECF No. 16-7; ECF No. 16-8. Defendants failed to cure the defaults. ECF No. 16-1. On February 2, 2024, Cadence Bank sent Defendants a Notice of Acceleration notifying each Defendant, due to their failure to cure the defaults, that all amounts owing under the Note were accelerated and due and owing, and demanding repayment from each Defendant. ECF No. 16-9; ECF No. 16-7. Defendants failed to pay the amounts due and owing within 30 days thereafter. ECF No. 16-1. On August 14, 2024, Plaintiff Cadence Bank filed suit in this Court. ECF No. 1. Cadence Bank has now moved for summary judgment, arguing that the Defendants breached the Note and Guaranty and are liable for all amounts due and owing under the Note. ECF No. 21. Defendants

Burns and Crawford did not file a response. II. LEGAL STANDARD Summary judgment under Rule 56 “is proper ‘if the pleadings, depositions, answers to interrogatories, and admissions on file, together with the affidavits, if any, show that there is no genuine issue as to any material fact and that the moving party is entitled to a judgment as a matter of law.’” Celotex Corp. v. Catrett, 477 U.S. 317, 322 (1986) (quoting FED. R. CIV. P. 56(c)). A genuine issue as to a material fact arises “if the evidence is such that a reasonable jury could return a verdict for the nonmoving party.” Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 248 (1986). The Court must draw all “reasonable inferences . . . in favor of the nonmoving party, but the 3 nonmoving party ‘cannot defeat summary judgment with conclusory allegations, unsubstantiated assertions, or only a scintilla of evidence.’” Hathaway v. Bazany, 507 F.3d 312, 319 (5th Cir. 2007) (quoting Turner v. Baylor Richardson Medical Center, 476 F.3d 337, 343 (5th Cir. 2007)). “[T]he movant bears the initial responsibility of demonstrating the absence of a genuine issue of material fact with respect to those issues on which the movant bears the burden of proof

at trial.” Transamerica Ins. Co. v. Avenell, 66 F.3d 715, 718 (5th Cir. 1995). “For any matter on which the non-movant would bear the burden of proof at trial, however, the movant may merely point to the absence of evidence and thereby shift to the non-movant the burden of demonstrating by competent summary judgment proof that there is an issue of material fact warranting trial.” Id. at 718–19. A “motion for summary judgment cannot be granted simply because there is no opposition.” Hibernia Nat. Bank v. Administracion Cent. Sociedad Anonima, 776 F.2d 1277, 1279 (5th Cir. 1985). But “a court may grant an unopposed summary judgment motion if the undisputed facts show that the movant is entitled to judgment as a matter of law.” Day v. Wells Fargo Bank

Nat. Ass'n, 768 F.3d 435, 435 (5th Cir. 2014). III. ANALYSIS a. Breach of Note Cadence Bank asserts a breach of contract claim against Burns for breach of the Note. Under Texas law, the essential elements for a claim for breach of contract are: (1) the existence of a valid contract; (2) performance or tendered performance by the plaintiff; (3) breach by the defendant; and (4) damages sustained as a result of the breach. AKIB Constr. Inc. v. Shipwash, 582 S.W.3d 791, 806 (Tex. App.—Houston [1st Dist.] 2019, no pet.) (collecting cases). First, the Note is a valid contract, as established by Pyatt’s Declaration and the Note itself. ECF No. 16-1; ECF No. 16-2. Second, Cadence Bank performed under the contract by loaning 4 Burns $500,000. ECF No. 16-2.

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Related

Transamerica Ins. Co. v. Avenell
66 F.3d 715 (Fifth Circuit, 1995)
DP Solutions, Inc. v. Rollins, Inc.
353 F.3d 421 (Fifth Circuit, 2003)
Turner v. Baylor Richardson Medical Center
476 F.3d 337 (Fifth Circuit, 2007)
Hathaway v. Bazany
507 F.3d 312 (Fifth Circuit, 2007)
Anderson v. Liberty Lobby, Inc.
477 U.S. 242 (Supreme Court, 1986)
Jared Day v. Wells Fargo Bank National Assn
768 F.3d 435 (Fifth Circuit, 2014)
Harrison Company v. A-Z Whsle
44 F.4th 342 (Fifth Circuit, 2022)

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Cadence Bank v. Burns, Burns & Burns, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/cadence-bank-v-burns-burns-burns-llc-txsd-2025.