Equine Holdings, LLC v. Michael Jacoby

Court of Appeals of Texas·Decided April 30, 2020·No. 05-19-00758-CV·Published

Opinion

Affirm in part, Reverse in part and Remand; Opinion Filed April 30, 2020

In The Court of Appeals Fifth District of Texas at Dallas No. 05-19-00758-CV

EQUINE HOLDINGS, LLC, Appellant V. MICHAEL JACOBY, Appellee

On Appeal from the 298th Judicial District Court Dallas County, Texas Trial Court Cause No. DC-18-18005

MEMORANDUM OPINION Before Justices Whitehill, Schenck, and Evans Opinion by Justice Schenck This is an interlocutory appeal of the trial court’s denial of appellant eQuine

Holdings, LLC’s (“eQuine”) motion to dismiss appellee Michael Jacoby’s breach of

contract claim under the Texas Citizens Participation Act (TCPA), an Anti-SLAPP

statute. See TEX. CIV. PRAC. & REM. CODE ANN. §§ 27.001–.011.1 In five issues,

eQuine asserts (1) the trial court lacks subject-matter jurisdiction over Jacoby’s

1 The Texas Legislature amended the TCPA effective September 1, 2019. Those amendments apply to “an action filed on or after” that date. Act of May 17, 2019, 86th Leg., R.S., ch. 378, § 11, 2019 Tex. Sess. Law Serv. 684, 687. Because this lawsuit was filed before September 1, 2019, the law in effect before September 1 applies. See Act of May 21, 2011, 82d Leg., R.S., ch. 341, § 2, 2011 Tex. Gen. Laws 961– 64, amended by Act of May 24, 2013, 83d Leg., R.S., ch. 1042, 2013 Tex. Gen. Laws 2499–2500. All citations to the TCPA are to the version before the 2019 amendments took effect. claim; (2) if subject-matter jurisdiction exists, the trial court erred in denying

eQuine’s TCPA motion because eQuine established Jacoby’s claim was based on,

was related to, or was in response to eQuine’s exercise of its right of free speech or

to petition; and the trial court abused its discretion (3) in overruling eQuine’s

evidentiary objections to Jacoby’s TCPA evidence, (4) in sustaining Jacoby’s

evidentiary objections to eQuine’s TCPA evidence and (5) in awarding attorney’s

fees and costs to Jacoby without making a requisite finding the motion was frivolous

or solely to delay. We conclude the trial court has subject-matter jurisdiction over

Jacoby’s breach of contract claim. We reverse, in part, that portion of the trial

court’s order awarding Jacoby attorney’s fees and costs and remand the issue of

attorney’s fees and costs to the trial court for a determination as to whether the

motion to dismiss was frivolous or solely intended to delay. We otherwise affirm

the trial court’s order. Because all issues are settled in the law, we issue this

memorandum opinion. TEX. R. APP. P. 47.4.

FACTUAL BACKGROUND AS SET FORTH IN JACOBY’S PETITION2

In December 2016, Brent Atwood, one of eQuine’s Members, requested a

personal loan from Jacoby in the amount of $100,000. Jacoby agreed to make the

loan, which was evidenced by a Promissory Note (the “Note”). In exchange for the

2 We recognize that eQuine does not agree with many of Jacoby’s factual assertions. Ultimately the fact finder will decide whose version of the facts are believable. City of Keller v. Wilson, 168 S.W.3d 802, 819 (Tex. 2005). –2– loan, Atwood agreed to give Jacoby and his wife a 10 percent ownership interest in

eQuine. Concurrently with Jacoby’s funding of the loan, Jacoby and his wife

received their ownership interest in eQuine pursuant to the Amended Limited

Liability Company Articles of Organization for eQuine (“Amended Articles”),

effective on December 20, 2016, which was executed by eQuine’s Members. Of

import to Jacoby’s claim in this case is his reliance on Article 4.8 of the Amended

Articles, which provides:

The Company shall indemnify any person who was or is a party defendant or is threatened to be made a party defendant, pending or completed action, suit or proceeding, whether civil, criminal, administrative, or investigation (other than an action by or in the right of the Company) by reason of the fact that he is or was a Member of the Company, Manager, employee or agent of the Company, or is or was serving at the request of the Company, for instant expenses (including attorney’s fees), judgments, fines, and amounts paid in settlement actually and reasonably incurred in connection with such action, suit or proceeding if the Members representing 81% or more of the capital interest in the Company as described in Exhibit 2 determine that he acted in good faith and in a manner he reasonably believed to be in or not opposed to the best interest of the Company, and with respect to any criminal action proceeding, has no reasonable cause to believe his/her conduct was unlawful. The termination of any action, suit, or proceeding by judgment, order, settlement, conviction, or upon a plea of “no lo contendere” or its equivalent, shall not in itself create a presumption that the person did or did not act in good faith and in a manner which he reasonably believed to be in the best interest of the Company, and with respect to any criminal action or proceeding, had reasonable cause to believe that his/her conduct was lawful.

(emphasis added).

After receiving an ownership interest in eQuine, Jacoby served for a period of

time as its Chief Operating Officer (“COO”). As COO, Jacoby was charged with –3– evaluating private–equity opportunities and soliciting new investors for the

company.

On October 2, 2017, eQuine, Atwood, and Jacoby were named as defendants

in a lawsuit filed by Thomas Schmidt in Harris County, Texas (the “Schmidt Suit”).

Schmidt asserted defamation, misappropriation of trade secrets, and other claims,

against the defendants and sought recourse against Jacoby as a co-investor of

Schmidt’s in two businesses and as an employee, affiliate, or partner of eQuine.

The Members of eQuine agreed that eQuine would pay for the joint defense

of eQuine, Atwood and Jacoby in the Schmidt Suit pursuant to Article 4.8 of the

Amended Articles. From October 2017 to April 2018, eQuine paid for the

representation of Jacoby in the Schmidt Suit. In April 2018, Atwood notified Jacoby

that eQuine would no longer pay his legal fees and costs in the Schmidt Suit. Jacoby

then hired his own counsel to represent him in the Schmidt Suit and has now incurred

fees in connection with that representation.

On November 9, 2018, Jacoby sent a letter to Atwood and eQuine demanding

that they comply with their respective obligations under the Note and Amended

Articles. They refused to do so, and Jacoby filed suit against them on November

13.3

3 While Atwood is a party to the lawsuit, he was not a party to the TCPA motion and is not a party to this appeal. Thus, we limit our discussion to Jacoby’s claims concerning eQuine. –4– CURRENT SUIT

Jacoby claims eQuine breached the Amended Articles when it failed and

refused to indemnify him for his expenses in the Schmidt Suit and seeks declarations

that he and his wife have a 10 percent ownership interest in eQuine pursuant to the

Amended Articles and are entitled to distributions under the Amended Articles

consistent with their ownership interests.

eQuine timely moved to dismiss Jacoby’s breach of contract claim under the

TCPA, asserting the TCPA applied to Jacoby’s indemnity claim because the claim

was asserted in direct response to, based on, or is related to a written communication

and oral communications pertaining to the Schmidt Suit, which were exercises of

eQuine’s right to petition and right of free speech4 and that Jacoby could not

establish a prima facie case for each element of his breach of contract claim.

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