David L. Shuman v. Sean P. Tracey & Sean P. Tracey Esq., P.C. D/B/A Tracey Fox King & Walters

CourtCourt of Appeals of Texas
DecidedApril 27, 2023
Docket01-22-00561-CV
StatusPublished

This text of David L. Shuman v. Sean P. Tracey & Sean P. Tracey Esq., P.C. D/B/A Tracey Fox King & Walters (David L. Shuman v. Sean P. Tracey & Sean P. Tracey Esq., P.C. D/B/A Tracey Fox King & Walters) 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
David L. Shuman v. Sean P. Tracey & Sean P. Tracey Esq., P.C. D/B/A Tracey Fox King & Walters, (Tex. Ct. App. 2023).

Opinion

Opinion issued April 27, 2023

In The

Court of Appeals For The

First District of Texas ———————————— NO. 01-22-00561-CV ——————————— DAVID L. SHUMAN, Appellant V. DECLAN JAMES GANLEY, SEAN P. TRACEY, & SEAN P. TRACEY ESQ., P.C. D/B/A TRACEY FOX KING & WALTERS, Appellees

On Appeal from the 113th District Court Harris County, Texas Trial Court Case No. 2020-61864

MEMORANDUM OPINION

In this interlocutory appeal,1 appellant David Shuman challenges the trial

court’s order denying his special appearance in the case brought by appellees

Declan Ganley, Sean Tracey, and Sean P. Tracey Esq., P.C. d/b/a/ Tracey Fox

1 TEX. CIV. PRAC. & REM. CODE § 51.014(a)(7). King & Walters. Shuman contends that the trial court erred in denying his special

appearance because the court lacks specific jurisdiction over him and in denying

his motion to transfer venue.

We reverse and remand with instructions to the trial court to dismiss

Shuman from the suit for lack of personal jurisdiction.

Background

Declan Ganley, an Irish citizen living in Ireland, sued Sean Tracey, a Texas

resident, who also has a home and office in Michigan, and Shuman, a New York

resident. Ganley sued Tracey in Texas and alleged claims for breach of contract,

fraud, and breach of fiduciary duty. Tracey, in turn, filed a third-party petition

against Shuman for the same claims. The underlying controversy revolves around a

debt owed by Ganley and guaranteed by Shuman.

A. Shuman guarantees a loan between Ganley and Worth.

Ganley owned 235,000 shares in Rivada Networks, Inc., a Delaware

corporation with its principal place of business in Virginia. Ganley used his shares

as collateral for a $3 million loan from Worth Capital Holdings (“Worth”). Worth

is a Delaware entity that, at the time, had its principal place of business in New

York.

A few months after the original loan agreement was executed, Ganley and

Worth entered into an amended agreement that increased the principal by $1.5

2 million. On the same day, Shuman, who was Ganley’s friend and occasional

business partner, personally guaranteed Ganley’s $4.5 million loan obligation.

Ganley and Worth modified the loan agreement several times, including extending

the maturity date and increasing the amount of the initial obligation in return for

extension fees. The modifications included a list of various payoff amounts and

dates whereby Worth would acquire Rivada stock at certain prices. After all

modifications, Ganley owed Worth $9 million.

Ganley never repaid Worth. Worth foreclosed on Ganley’s debt, including

the Rivada stock that Ganley had used to secure the loan. Worth obtained Rivada

common stock for $100,000. Worth sued Shuman in federal court in New York on

Shuman’s personal guarantee of Ganley’s loan.

B. Ganley attempts to settle the lawsuit between Worth and Shuman.

While Worth’s suit against Shuman was pending, Ganley contacted Shuman

and told him that Tracey was an investor in Rivada and a close acquaintance.

Ganley told Shuman that he had been working with Tracey to obtain funding to

resolve Worth’s claims against Shuman so that the Rivada shares Worth had

acquired could be recouped.

Ganley suggested that Shuman speak by phone with Tracey about his efforts

to obtain settlement funding. Shuman and Tracey spoke by phone and email

periodically for a few months regarding Shuman’s efforts to negotiate a settlement

3 with Worth and Tracey’s efforts to obtain investment funds in Rivada for a

settlement. The men never met in person.

Tracey found two investors, one of whom was in Texas. Ultimately, Shuman

and Worth entered into a settlement agreement. In his capacity as Chairman and

CEO of Rivada, Ganley approved the transfer of Rivada stock from Worth to

Shuman, pursuant to the settlement agreement, and from Shuman to the two

investors in return for their settlement funding.

Following the settlement, Shuman assigned his rights under the loan

agreement, which he acquired from Worth through the settlement, to a third party,

Astrea NYNY LLC, which sued Ganley in state court in New York. The New

York court rendered a default judgment against Ganley.

C. Ganley and Tracey sue Shuman.

Ganley and Tracey argue that Shuman did not follow through on their

agreement regarding Rivada shares after the settlement. They argue that Shuman

retained Rivada shares that the three men had agreed would be dispersed to each of

them. A few weeks after the settlement agreement, Ganley sued Tracey in Texas

alleging that he breached various duties by failing to secure the return of the

Rivada stock collateral. Tracey filed a third-party claim against Shuman. Tracey

asserted that Shuman was subject to personal jurisdiction in Texas because “the

acts and omissions giving rise to this cause of action occurred in Texas and/or

4 Shuman engaged the services of Tracey in Houston, Texas.” Shuman filed a

special appearance and motion to dismiss or transfer venue pursuant to the

contractual forum-selection clauses in the underlying loan and settlement

documents.

Ganley amended his petition to add claims against Shuman. Ganley alleged

that Shuman was subject to personal jurisdiction in Texas because Shuman

“engaged and purposefully availed himself of services by and through Defendant

Tracey in Houston, Texas. A substantial portion of the acts and omission

complained of occurred in Harris County, Texas.” Shuman filed an additional

special appearance and motion to dismiss or transfer venue as to Ganley’s claims.

Both Ganley’s and Tracey’s claims against Shuman allege that Shuman

improperly retained 46,000 shares of 253,000 shares of Rivada stock that Worth

assigned to Shuman through the settlement. Ganley and Tracey argue that Shuman

previously agreed not to retain any of the stock. The trial court denied Shuman’s

special appearance and motion to dismiss or transfer. The trial court did not make

any findings of fact or conclusions of law. Shuman appeals.

Personal Jurisdiction

In his first issue, Shuman argues that the trial court erred in denying his

special appearance because he did not have the minimum contacts with Texas

necessary for Texas to assert jurisdiction over him.

5 The existence of personal jurisdiction is a question of law, which must

sometimes be preceded by the resolution of underlying factual disputes. BMC

Software Belg., N.V. v. Marchand, 83 S.W.3d 789, 794 (Tex. 2002); Paul Gillrie

Inst., Inc. v. Universal Comput. Consulting, Ltd., 183 S.W.3d 755, 759 (Tex.

App.—Houston [1st Dist.] 2005, no pet.). When the underlying facts are

undisputed or otherwise established, we review a trial court’s denial of a special

appearance de novo. Paul Gillrie Inst., 183 S.W.3d at 759. Where, as here, a trial

court does not issue findings of fact or conclusions of law with its

special-appearance ruling, all fact findings necessary to support the judgment and

that are supported by the evidence are implied. Marchand, 83 S.W.3d at 795; Paul

Gillrie Inst., 183 S.W.3d at 759.

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David L. Shuman v. Sean P. Tracey & Sean P. Tracey Esq., P.C. D/B/A Tracey Fox King & Walters, Counsel Stack Legal Research, https://law.counselstack.com/opinion/david-l-shuman-v-sean-p-tracey-sean-p-tracey-esq-pc-dba-tracey-texapp-2023.