Ed Carpenter Racing, LLC v. Milton "Todd" Ault, III

Indiana Court of Appeals·Decided June 29, 2026·No. 25A-CC-02721·Published·Judge Crone

Opinion

FILED

Jun 29 2026, 8:58 am

CLERK

Indiana Supreme Court

Court of Appeals

and Tax Court

IN THE

Court of Appeals of Indiana Ed Carpenter Racing, LLC, Appellant-Plaintiff,

v.

Milton “Todd” Ault, III, and VForward2, LLC, Appellees-Defendants.

June 29, 2026

Court of Appeals Case No.

25A-CC-2721

Appeal from the

Marion Superior Court

The Honorable

Kurt Eisgruber, Judge

Trial Court Cause No.

49D06-2505-CC-22323

Opinion by Senior Judge Crone Judges Mathias and Pyle concur.

Crone, Senior Judge.

Statement of the Case [1] Ed Carpenter Racing, LLC, appeals the dismissal of its complaint for damages

against Milton “Todd” Ault, III, and VForward2, LLC. Concluding that the trial court’s dismissal of the complaint was not error but that the dismissal should not have been with prejudice, we affirm in part and reverse and remand in part.

Issues [2] We address two issues:

I. Whether the trial court erred by dismissing Ed Carpenter Racing’s complaint against Ault; and

II. Whether the trial court erred by dismissing Ed Carpenter Racing’s complaint against VForward2.

Facts and Procedural History [3] In May 2025, Ed Carpenter Racing filed its complaint against Ault and

VForward2, seeking damages in the amount of $8,400,000. The complaint alleged that Ault breached a personal guaranty to Ed Carpenter Racing and that VForward2 breached a sponsorship agreement with Ed Carpenter Racing for the 2024 NTT Indy Car Series. Alternatively, Ed Carpenter Racing claimed that it should recover from both Ault and VForward2 for unjust enrichment.

[4] Ault and VForward2 filed a motion to dismiss the complaint. The court heard argument on the motion and subsequently entered its order dismissing the complaint with prejudice and entering final judgment in favor of Ault and VForward2. In dismissing the complaint against Ault, the court determined that (1) it lacked personal jurisdiction over Ault under Trial Rule 12(B)(2), (2) Ed Carpenter Racing failed to state a claim against Ault under Trial Rule 12(B)(6), and (3) Ault was entitled to judgment on the pleadings under Trial Rule 12(C). The court found the following:

1. As acknowledged in the Complaint, Defendant Ault is a resident of Nevada. Comp. ¶ 3. Ault may be an active participant in sponsoring Indy cars at the Indianapolis 500, but under the facts and circumstances of this case, emails exchanged between Defendant Ault and ECR negotiating a possible guaranty are insufficient to establish a valid contractual basis for personal jurisdiction over Defendant Ault under INTR 12(B)(2).

Indiana’s Statute of Frauds (Ind. Code § 32-21-l-l(b)(2)) requires a signature by a guarantor on a guarantee which Plaintiff does not evidence. Without a valid contractual basis, Plaintiff cannot establish that Defendant Ault has sufficient minimum contacts in Indiana to pursue this action as to Counts I and III. The Motion to Dismiss is GRANTED under INTR 12(B)(2).

2. As previously discussed, the Personal Guaranty attached to Plaintiff’s Complaint as Exhibit A was never signed by Defendant Ault. In addition, he is not referenced in the

Sponsorship Agreement attached to Plaintiff’s Complaint as Exhibit B which was also not executed. Since he was not a party to the Sponsorship Agreement, he did not personally benefit from Sponsorship Agreement, and consequently was not unjustly enriched. For these reasons, Defendant Ault’s Motion is GRANTED under INTR 12(B)(6) and INTR 12(C) as to both Counts I and III.

Appellant’s App. Vol. 2, p. 8.

[5] Likewise, the court dismissed the complaint against VForward2, determining that (1) Ed Carpenter Racing failed to state a claim against VForward2 under Trial Rule 12(B)(6) and (2) VForward2 was entitled to judgment on the pleadings under Trial Rule 12(C). The court found:

1. As discussed, the emails referenced in Plaintiff’s Complaint and advanced by Plaintiff as evidence of offer and acceptance of the terms of both the Personal Guaranty and the Sponsorship Agreement, are nothing more than the parties attempting to negotiate an agreement. VF2 never signed a Sponsorship Agreement with ECR and w[as] never contractually bound to ECR. To the extent that ECR placed RiskOn logos or any logos related to the Sponsorship Agreement on [its] cars was a choice made by ECR alone. For these reasons, Defendant VF2’s Motion is GRANTED under INTR 12(B)(6) and INTR 12(C) as to both Counts II and III.

1

Id. at 8-9. Ed Carpenter Racing now appeals the dismissal of its complaint.

1 By separate order issued simultaneously with this opinion, we deny Ed Carpenter Racing’s motion to strike appellees’ appendix.

Court of Appeals of Indiana | Opinion 25A-CC-2721 | June 29, 2026 Page 4 of 19

Discussion and Decision I. Complaint against Defendant Ault [6] Ed Carpenter Racing argues that the trial court erred by granting Ault’s motion

to dismiss pursuant to Trial Rule 12(B)(2) for lack of personal jurisdiction. The existence of personal jurisdiction is a question of law that we review de novo. LinkAmerica Corp. v. Cox, 857 N.E.2d 961, 965 (Ind. 2006) (quoting Anthem Ins. Cos., Inc. v. Tenet Healthcare Corp., 730 N.E.2d 1227, 1237 (Ind. 2000), superseded by rule as stated in LinkAmerica, 857 N.E.2d 961). Yet, whether personal jurisdiction exists can hinge on facts concerning the defendant’s contacts with the forum state, and where the trial court issues findings of jurisdictional facts, we review those findings for clear error. Aquatherm GmbH v. Renaissance Assocs. I Ltd. P’ship, 140 N.E.3d 349, 357 (Ind. Ct. App. 2020). Accordingly, we will reverse the court’s factual findings only when the record contains no facts to support them either directly or indirectly. Id.

[7] When a defendant challenges personal jurisdiction, the plaintiff is not only permitted but required to present evidence (i.e., materials outside the pleadings) to support its claim that personal jurisdiction over the defendant exists. Oswald v. Shehadeh, 108 N.E.3d 911, 916 n.4 (Ind. Ct. App. 2018) (citing Keesling v. Winstead, 858 N.E.2d 996, 1000 (Ind. Ct. App. 2006)). In fact, both parties are permitted to file materials outside the pleadings, such as affidavits and exhibits, to assist the court in adjudicating a Rule 12(B)(2) motion to dismiss. See Oswald, 108 N.E.3d at 916 n.4 (citing Mid-States Aircraft Engines, Inc. v. Mize Co., Inc., 467 N.E.2d 1242, 1247 (Ind. Ct. App. 1984)). Although the plaintiff must present evidence of personal jurisdiction, the defendant bears the ultimate burden of proving lack of jurisdiction by a preponderance of the evidence, unless the jurisdictional defect is apparent on the face of the complaint. Aquatherm GmbH, 140 N.E.3d at 357 (quoting Wolf’s Marine, Inc. v. Brar, 3 N.E.3d 12, 15 (Ind. Ct. App. 2014)).

[8] “Indiana Trial Rule 4.4(A) is Indiana’s equivalent of a ‘long-arm statute.’” Aquatherm GmbH, 140 N.E.3d at 357. In 2003, Trial Rule 4.4(A), which contains a list of acts that can serve as a basis for jurisdiction, was amended to also provide that “a court of this state may exercise jurisdiction on any basis not inconsistent with the Constitutions of this state or the United States.” Our Supreme Court has explained that, while the acts enumerated in Rule 4.4(A) serve as a “handy checklist of activities that usually support personal jurisdiction,” the new catchall language “was intended to, and does, reduce analysis of personal jurisdiction to the issue of whether the exercise of personal jurisdiction is consistent with the Federal Due Process Clause.” LinkAmerica, 857 N.E.2d at 967.

[9] More specifically, before an Indiana court can properly exercise personal jurisdiction over a defendant, the Due Process Clause of the Fourteenth Amendment mandates that the defendant have “‘certain minimum contacts with [the state] such that the maintenance of the suit does not offend traditional notions of fair play and substantial justice.’” Id. (quoting Int’l Shoe Co. v. Wash., 326 U.S. 310, 316 (1945)). There are two types of personal jurisdiction: general and specific. Aquatherm GmbH, 140 N.E.3d at 358.

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