Craig Glattly v. CMS Viron Corporation F/K/A Viron Energy Services

CourtCourt of Appeals of Texas
DecidedMay 5, 2005
Docket01-04-00998-CV
StatusPublished

This text of Craig Glattly v. CMS Viron Corporation F/K/A Viron Energy Services (Craig Glattly v. CMS Viron Corporation F/K/A Viron Energy Services) 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
Craig Glattly v. CMS Viron Corporation F/K/A Viron Energy Services, (Tex. Ct. App. 2005).

Opinion

Opinion issued May 5, 2005





In The

Court of Appeals

For The

First District of Texas





NO. 01-04-00998-CV





CRAIG GLATTLY, Appellant


V.


CMS VIRON CORPORATION F/K/A VIRON ENERGY SERVICES, Appellee





On Appeal from the 80th District Court

Harris County, Texas

Trial Court Cause No. 2002-54422





O P I N I O N


          Appellant, Craig Glattly, appeals from the denial of his special appearance. See Tex. Civ. Prac. & Rem. Code Ann. § 51.014(a)(7) (Vernon Supp. 2004-2005). We affirm.

Background

          Glattly, who is not a Texas resident, wore several corporate hats. First, he was the president and CEO of Academic Capital, L.L.C. Second, Glattly was a principal shareholder, the president, and the CEO of Academic Capital Group, Inc. (“ACG”), which was incorporated in 1999 to succeed to the business of Academic Capital, L.L.C. Third, Glattly was a principal shareholder, the president, and the CEO of Academic Capital Services, Inc. (“ACS”). In this opinion, we refer to ACG and ACS together as “the Academic entities.” None of the Academic entities was a Texas corporation.

          ACG’s business was to underwrite and to finance certain leases, which ACG accomplished with capital provided under lines of credit with third-party lenders. ACS completed the lease transactions and administered the agreements’ lease payments.

          Appellee, CMS Viron Corporation (“Viron”), was a Missouri corporation that was awarded a contract by Texas Southern University (“TSU”) to construct an energy-savings project on TSU’s Houston campus (“the TSU project”). To consummate this agreement, Viron and TSU entered into a “Master State and Municipal Lease/Purchase Agreement” (“the Master Lease”) in 1998. Viron was the lessor under the Master Lease, and TSU was the lessee. Under the Master Lease, Viron was to lease the TSU project’s equipment to TSU, and TSU was to make rental payments to Viron. To finance the TSU project, Viron assigned its rights under the Master Lease to ACG’s predecessor (“the Lease Assignment”). To service the amount financed, Viron, ACS, and TSU entered into an escrow agreement (“the Escrow Agreement”), under which ACS was the escrow agent for the TSU project. In transactions such as that between Viron and TSU, ACG and its predecessor functioned as interim lenders, assigning their rights to the stream of rental payments under such leases to permanent lenders interested in receiving the income stream. Accordingly, ACG’s predecessor assigned its rights under the Master Lease to State Street Bank and Trust of Boston (“State Street Bank”).

          The Master Lease between Viron and TSU provided that it was to be construed in accordance with the laws of Texas. The Lease Assignment between Viron and ACG’s predecessor provided, in part, that

If [Viron] has performance responsibilities under the Master Lease, and [TSU] abates payment of rent due to [Viron]’s lack of performance (as determined by [TSU]), then, upon notice to [Viron] from [ACG’s predecessor], [Viron] will remit such abated amount within 10 days of [ACG predecessor’s] notice.


The Escrow Agreement signed by Viron, TSU, and ACS provided, in part, as follows:

1.This Escrow Agreement relates to and is hereby made part of the [Master Lease] dated August 22, 1998 between [Viron] and [TSU], . . . .

. . .

3.[Viron, TSU, and ACS] agree that [ACS] will act as sole escrow agent under the [Master] Lease and this Escrow Agreement . . . . [ACS] shall not be deemed to be a party to the [Master] Lease, and this Escrow Agreement shall be deemed to constitute the entire agreement between [Viron, TSU, and ACS].

. . .

7.Moneys in the [escrow fund] shall be used for the cost of acquisition of the Equipment and related delivery, engineering and installation costs. Payment shall be made from the [escrow fund] for the cost of acquisition of part or all Equipment upon presentation to [ACS] of one or more properly executed Payment Request Forms executed by [TSU] . . . .

[TSU] agrees that, should the final acceptance of the Equipment not occur prior to December 30, 1999, the unspent funds in the [Escrow account] shall become the property of [TSU], and that the [Master] Lease and Lease Payments will commence as if Acceptance had occurred on December 30, 1999, pursuant to sections 2 and 4 of the [Master] Lease.

12.This Escrow Agreement shall be governed by and construed in accordance with the laws of the State of Illinois. . . . .

(Emphasis added.)

          ACS made three of four payments from the escrow account to Viron for the TSU project. However, in December 1999, before the fourth payment was requested or made, ACS learned, from communications between TSU and Glattly, that TSU was alleging problems with Viron’s performance on the TSU project. TSU soon stopped making rental payments under the Master Lease. After TSU stopped making rental payments, Glattly directed that the funds in the escrow account be paid to State Street Bank, rather than to Viron. Suffice it to say that the parties disputed below and dispute on appeal both Glattly’s motivation for ordering payment to State Street Bank and the legal significance of that decision. In a nutshell, the underlying litigation arose out of both the failed TSU project and the payment of the escrow funds to State Street Bank, rather than to Viron.

          In October 2002, State Street Bank sued Viron for breach of contract, negligence, and breach of warranty relating to Viron’s alleged faulty performance under the Master Lease and related matters. In December 2002, Viron counterclaimed against State Street Bank for breach of contract, conversion, and breach of fiduciary duty; asserted third-party claims against TSU for breach of contract and quantum meruit; and asserted third-party claims against the Academic entities for breach of contract, conversion, and breach of fiduciary duty relating to the payment of escrow funds to State Street Bank, rather than to Viron. Viron also sought indemnification from TSU if State Street Bank prevailed in its claims against Viron. In December 2003, the Academic entities asserted third-party claims against State Street Bank, seeking indemnification if Viron prevailed on its claims against the Academic entities.

          

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Craig Glattly v. CMS Viron Corporation F/K/A Viron Energy Services, Counsel Stack Legal Research, https://law.counselstack.com/opinion/craig-glattly-v-cms-viron-corporation-fka-viron-en-texapp-2005.