DACIAN MASTER FUND, LP v. WANDER

CourtDistrict Court, S.D. Indiana
DecidedFebruary 25, 2025
Docket1:24-cv-01549
StatusUnknown

This text of DACIAN MASTER FUND, LP v. WANDER (DACIAN MASTER FUND, LP v. WANDER) is published on Counsel Stack Legal Research, covering District Court, S.D. Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
DACIAN MASTER FUND, LP v. WANDER, (S.D. Ind. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF INDIANA INDIANAPOLIS DIVISION

DACIAN MASTER FUND, LP, ) ) Plaintiff, ) ) v. ) No. 1:24-cv-01549-JPH-KMB ) JOSH WANDER, ) ) Defendant. )

ORDER DENYING MOTION TO DISMISS Dacian Master Fund filed this action in Hamilton County Superior Court, seeking a $25 million payment on a guaranty executed by Josh Wander. Mr. Wander removed this case to this Court and filed a motion to dismiss for lack of personal jurisdiction. Dkt. [10]. For the reasons below, that motion is DENIED. I. Facts and Background Because Defendant has moved for dismissal under Federal Rule of Civil Procedure 12(b)(2), this Court accepts "as true all well-pleaded facts alleged in the complaint." Matlin v. Spin Master Corp., 921 F.3d 701, 705 (7th Cir. 2019) (quoting Tamburo v. Dworkin, 601 F.3d 693, 700 (7th Cir. 2010)). In September 2021, SILAC Insurance Company agreed to extend $50 million in loans to Noble Financial Solutions, LLC, and Mr. Wander—a managing partner in an asset management LLC—executed a personal guaranty on $25 million of Noble's loans ("the Guaranty"). Dkt. 1-1; dkt. 11 at 2, 12–13. The Guaranty contains a choice of law provision stating that Indiana law governs the agreement. Dkt. 1-1 at 23. The Guaranty also contains a forum selection clause: GUARANTOR AGREES THAT THE STATE AND FEDERAL COURTS LOCATED IN, OR WITH JURISDICTION WHICH INCLUDES HAMILTON COUNTY, INDIANA, HAVE NON-EXCLUSIVE JURISDICTION OVER ANY AND ALL ACTIONS AND PROCEEDINGS INVOLVING THIS GUARANTY OR ANY OTHER AGREEMENT MADE IN CONNECTION HEREWITH AND GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY AGREES TO SUBMIT TO THE JURISDICTION OF SUCH COURTS FOR PURPOSES OF ANY SUCH ACTION OR PROCEEDING. GUARANTOR HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY OBJECTION THAT GUARANTOR MAY NOW OR HEREAFTER HAVE TO THE VENUE OF ANY SUCH ACTION OR PROCEEDING, INCLUDING ANY CLAIM THAT SUCH COURT IS AN INCONVENIENT FORUM, AND CONSENTS TO SERVICE OF PROCESS PROVIDED THE SAME IS IN ACCORDANCE WITH THE TERMS HEREOF. FINAL JUDGMENT IN ANY SUCH PROCEEDING AFTER ALL APPEALS HAVE BEEN EXHAUSTED OR WAIVED SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT. NOTHING IN THIS GUARANTY SHALL AFFECT ANY RIGHT THAT LENDER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS GUARANTY AGAINST GUARANTOR OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. Dkt. 1-2 at 19. In 2024, Noble defaulted, and SILAC assigned its rights and obligations under the loan agreement to Dacian Master Fund, LLC. Dkt. 1-1 at 15 § 28; dkt. 13 at 8. Dacian brought this action against Mr. Wander seeking payment on the guaranty. Mr. Wander filed this motion to dismiss, alleging that this Court lacks personal jurisdiction over him. Dkt. 10. Hamilton County, Indiana, is within the jurisdiction of the United States District Court for the Southern District of Indiana. 28 U.S.C. § 94. II. Applicable Law Defendants may move under Federal Rule of Civil Procedure 12(b)(2) to dismiss claims for lack of personal jurisdiction. When "[a] defendant moves to dismiss the complaint under Federal Rule of Civil Procedure 12(b)(2) for lack of

personal jurisdiction, the plaintiff bears the burden of demonstrating the existence of jurisdiction." Purdue Research Found. v. Sanofi-Synthelabo, S.A., 338 F.3d 773, 782 (7th Cir. 2003) (citations omitted). "At this early stage in the

litigation, and without the benefit of an evidentiary hearing, the plaintiff bears only the burden of making a prima facie case for personal jurisdiction." uBID, Inc. v. GoDaddy Grp., Inc., 623 F.3d 421, 423 (7th Cir. 2010). III. Analysis Indiana law governs this personal jurisdiction analysis. Fed. R. Civ. P. 4(k)(1)(A); Daimler AG v. Bauman, 571 U.S. 117, 125 (2014). Indiana extends personal jurisdiction to any basis "consistent with the Federal Due Process Clause." Advanced Tactical Ordnance Sys., LLC v. Real Action Paintball, Inc., 751 F.3d 796, 800 (7th Cir. 2014) (citing Ind. Trial Rule 4.4(A)). A party may also consent to personal jurisdiction in a court that would otherwise not be able to exercise jurisdiction over that party. See Burger King Corp. v. Rudzewicz, 471 U.S. 462, 472 n.14 (1985) ("[B]ecause the personal jurisdiction

requirement is a waivable right, there are a 'variety of legal arrangements' by which a litigant may give 'express or implied consent to the personal jurisdiction of the court.'"). A forum selection clause is one of those ways that a party may stipulate in advance to personal jurisdiction. Id.; Heller Fin., Inc. v. Midwhey Powder Co., 883 F.2d 1286, 1292 n.4 (7th Cir. 1989) ("Obviously, a valid forum-selection clause, even standing alone, can confer personal jurisdiction."). Here, Dacian does not contend that Mr. Wander had contacts with Indiana that would support the Court's exercise of general or specific personal jurisdiction over him. Dkt. 13. Instead, it relies on the forum selection clause

as the basis for personal jurisdiction. Id. Mr. Wander does not dispute that a forum selection clause may create personal jurisdiction where it otherwise might not exist. Dkt. 11 at 7. He argues that the Court does not have personal jurisdiction over him because the Guaranty's forum selection clause is permissive, that is, it allows but does not require the parties to litigate in a court located in or with jurisdiction over Hamilton County. Dkt. 11 at 7–10. Based on that distinction, Mr. Wander argues that the forum selection clause did not constitute his assent to the jurisdiction of this Court or, put differently,

waiver of his right to contest personal jurisdiction. Dkt. 11 at 8; dkt. 14 at 3. Dacian argues that although the forum selection clause is permissive, it is nonetheless binding upon Mr. Wander as his consent to the jurisdiction of a court in or with jurisdiction over Hamilton County, Indiana. Dkt. 5. The forum selection clause in the Guaranty states that the guarantor— Mr. Wander—"agrees that the state and federal courts located in, or with jurisdiction which includes Hamilton County, Indiana, have non-exclusive jurisdiction over any and all actions and proceedings" involving the Guaranty,

and that the guarantor "hereby irrevocably and unconditionally agrees to submit to the jurisdiction of such courts for the purposes of any such action." Dkt. 1-1 at 24. The clause also states that the guarantor "hereby irrevocably and unconditionally waives any objection that Guarantor may now or hereafter have to the venue of any such action or proceeding." Id. Under the plain text of the forum selection clause, Mr. Wander agreed to

submit to the jurisdiction of this Court. Heller Fin., Inc., 883 F.2d at 1292 n.4.

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Related

Tamburo v. Dworkin
601 F.3d 693 (Seventh Circuit, 2010)
Burger King Corp. v. Rudzewicz
471 U.S. 462 (Supreme Court, 1985)
uBID, Inc. v. GoDaddy Group, Inc.
623 F.3d 421 (Seventh Circuit, 2010)
Daimler AG v. Bauman
134 S. Ct. 746 (Supreme Court, 2014)
Boumatic, LLC v. Idento Operations, BV
759 F.3d 790 (Seventh Circuit, 2014)
Tai Matlin v. Spin Master Corp.
921 F.3d 701 (Seventh Circuit, 2019)
Heckler & Koch, Inc. v. German Sport Guns GmbH
71 F. Supp. 3d 866 (S.D. Indiana, 2014)

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DACIAN MASTER FUND, LP v. WANDER, Counsel Stack Legal Research, https://law.counselstack.com/opinion/dacian-master-fund-lp-v-wander-insd-2025.