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

CourtIndiana Court of Appeals
DecidedJune 29, 2026
Docket25A-CC-02721
StatusPublished
AuthorJudge Crone

This text of Ed Carpenter Racing, LLC v. Milton "Todd" Ault, III (Ed Carpenter Racing, LLC v. Milton "Todd" Ault, III) is published on Counsel Stack Legal Research, covering Indiana Court of Appeals primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Ed Carpenter Racing, LLC v. Milton "Todd" Ault, III, (Ind. Ct. App. 2026).

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

Court of Appeals of Indiana | Opinion 25A-CC-2721 | June 29, 2026 Page 1 of 19 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

Court of Appeals of Indiana | Opinion 25A-CC-2721 | June 29, 2026 Page 2 of 19 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

Court of Appeals of Indiana | Opinion 25A-CC-2721 | June 29, 2026 Page 3 of 19 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 Court of Appeals of Indiana | Opinion 25A-CC-2721 | June 29, 2026 Page 5 of 19 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.

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