Gary C. Evans v. the Frost National Bank

CourtCourt of Appeals of Texas
DecidedAugust 11, 2015
Docket05-12-01491-CV
StatusPublished

This text of Gary C. Evans v. the Frost National Bank (Gary C. Evans v. the Frost National Bank) 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
Gary C. Evans v. the Frost National Bank, (Tex. Ct. App. 2015).

Opinion

Reverse and Render in part; Affirm in part and Opinion Filed August 11, 2015

S Court of Appeals In The

Fifth District of Texas at Dallas No. 05-12-01491-CV

GARY C. EVANS, Appellant V. THE FROST NATIONAL BANK, Appellee

On Appeal from the 162nd Judicial District Court Dallas County, Texas Trial Court Cause No. 09-15818

MEMORANDUM OPINION Before Justices Bridges, Brown, and O'Neill1 Opinion by Justice Bridges In this consolidated appeal, Gary C. Evans appeals three of the trial court’s orders in the

underlying action to enforce a judgment under the Turnover Statute. Frost appeals the

September 26, 2012 “order granting motion to determine amount owed under agreed judgment;

the November 21, 2012 “order on Frost’s motions for approval of costs and ordering payment by

Gary C. Evans; and the December 10, 2012 “order granting receiver’s motion for discharge.” In

four issues, Evans argues the trial court erred in awarding Frost National Bank attorney’s fees

and costs not recoverable under the Turnover Statute, denying Evans’ request for a jury trial on

the issue of Frost’s attorney’s fees, allowing a court-appointed receiver to retain sales proceeds

as his fee, and attempting to “materially change” an agreed judgment between the parties. We

1 The Hon. Michael J. O'Neill, Justice, Assigned reverse the trial court’s November 21, 2012 judgment awarding Frost $159,385.98 and render

judgment that Frost take nothing on its claims for post-judgment attorney’s fees, proceeds from

the sale of real estate in conjunction with the bankruptcy proceedings, and post-judgment costs.

In all other respects, we affirm the trial court’s orders.

On November 24, 2009, Frost National Bank filed a lawsuit alleging breach of contract

claims in connection with various loans and promissory notes against Van Hunter Development,

Investment Hunter, Evans, and Corey Van Trease. Evans and Van Trease both personally

guaranteed payment of the notes. Although Frost initially claimed damages in excess of $8

million, Frost and Evans ultimately reached “an agreement on Frost’s entitlement to judgment”

(“agreed judgment”) for $6,795,070.86, plus post-judgment interest on March 22, 2011.

However, by September 20, 2011, Evans had not paid any of the amounts due under the

agreed judgment. In an effort to collect on the judgement, Frost filed an application for turnover

order and appointment of a receiver to enforce the agreed judgment against Evans. The trial

court approved the application for turnover and appointed Dennis Roossien as receiver.

Under the trial court’s receivership order, Roossien was to direct Evans to turnover his

interest in “any and all ownership rights with respect to any and all shares of stock and/or

beneficial interest . . . related to all stock and/or beneficial interest . . . including, but not limited

to, Magnum Hunter and Investment Hunter.” The order provided Roossien would be paid 10%

of the net amount received from any receivership property at the time each sale occurred. Evans

largely ignored Roossien and refused to communicate or provide Roossien any accounts tied to

his non-exempt assets, so on October 12, 2011, the trial court granted Frost’s motion to expand

the scope of the amended order appointing receiver, giving Roossien greater range of non-

exempt assets to draw upon. The court also granted Frost’s motion to order Evans to show cause

–2– for why he should not be held in contempt for not complying with the receivership appointment

order.

On December 22, 2011, Frost and Evans mediated their dispute and entered into an

agreement whereby the parties stipulated as true a number of facts regarding Evans’s ownership

of certain securities, set out guidelines as to how Evans would handle his various nonexempt

securities, and set out guidelines for how Evans would pay Frost. This agreement was reflected

in the February 23, 2012 “agreed order.” In this agreed order, Frost withdrew the contempt

motion, and Evans’ counterclaim against Frost was dismissed. Despite this agreement between

the parties, Evans continued to neglect his obligations toward Roossien and the agreed judgment,

and Frost consequently filed another motion to hold Evans in contempt on April 12, 2012.

Further, it was discovered that during and shortly after the mediation agreement, Evans

misrepresented the status of his Magnum Hunter Resources shares. In late December 2011,

Evans transferred over two million Magnum Hunter Resources shares from Oppenheimer to

Equities First Holdings without Frost or Roossien knowing or consenting. Evans also

misrepresented his shares by claiming they were restricted and therefore not saleable to the

public. During this time, Roossien learned that there remained 325,000 Magnum Hunter

Resources unrestricted shares in the Oppenheimer account that had been frozen because of past

court orders.

On May 25, 2012, Frost and Roossien “filed their application for turnover order in aid of

judgment, requesting the court specifically order Evans turn over the Oppenheimer shares to

Roossien.” On June 1, 2012, the court granted Roossien the sole discretion to liquidate the

shares. Between June 11 and June 29, 2012, Roossien sold the 325,000 Oppenheimer shares on

the open market for a total of $1,292,812.33, retaining $129,231.25 as fees. Also around this

time, a hearing was held on May 23, 2012 in regards to holding Evans in contempt, but the

–3– hearing did not finish and was scheduled to continue on June 1, 2012. Evans failed to appear at

the continued hearing on June 1, 2012 and he still refused to satisfy the judgment of

$6,795,070.86 plus interest. Frost consequently filed an application for writ of attachment to

bring Evans before the court to show cause why he should not be held in contempt for violating

[the] Receivership Orders.” The trial court granted Frost’s application for writ of attachment on

June 14, 2012.

Between July and August of 2012, Evans wired three payments directly to Frost, totaling

$3,722,485.14 to help satisfy the agreed judgment. However, Roossien could not account for

these payments because “Evans did not discuss or notify [Roossien] of [Evans’s] intentions to

pay th[ese] amount[s] to Frost, nor did Evans attempt to deliver th[ese] amount[s] to [Roossien],

nor did Evans copy [Roossien] on any correspondence to Frost regarding [these] payment[s].”

On August 29, 2012, Frost filed a motion to determine the amount owed under the agreed

judgment, providing mathematical computations and a record of the accrued interest over time to

come to a final amount of $149,875.12 ($124,874.15 from the agreed judgment and $25,000 in

attorney’s fees). Frost did not include any of Roossien’s activities as receiver in its calculations.

In response, Evans, although claiming his actions were under protest, paid directly to Frost

$150,213.54 (the principal of $149,875.12 plus interest2).

On September 20, 2012, Frost filed a motion for approval of costs and attorney’s fees

totaling $144,255.19, incurred since September 19, 2011. On September 26, 2012, the trial court

signed an order granting Frost’s motion to determine the amount owed under the agreed

judgment. The order determined that, as of September 12, 2012, Evans had satisfied the

principal and interest due under the agreed judgment along with $25,000 of outstanding

attorneys’ fees.

Free access — add to your briefcase to read the full text and ask questions with AI

Related

Arndt v. Farris
633 S.W.2d 497 (Texas Supreme Court, 1982)
In Re Dickason
987 S.W.2d 570 (Texas Supreme Court, 1998)
Hodges v. Peden
634 S.W.2d 8 (Court of Appeals of Texas, 1982)
Pandozy v. Beaty
254 S.W.3d 613 (Court of Appeals of Texas, 2008)
Jeanes v. Henderson
688 S.W.2d 100 (Texas Supreme Court, 1985)
Henry v. Insurance Co. of North America
879 S.W.2d 366 (Court of Appeals of Texas, 1994)
Barr v. Resolution Trust Corp. Ex Rel. Sunbelt Federal Savings
837 S.W.2d 627 (Texas Supreme Court, 1992)
Moyer v. Moyer
183 S.W.3d 48 (Court of Appeals of Texas, 2005)
Custom Corporates, Inc. v. Security Storage, Inc.
207 S.W.3d 835 (Court of Appeals of Texas, 2006)
Jones v. Strayhorn
321 S.W.2d 290 (Texas Supreme Court, 1959)
Bayoud v. Bayoud
797 S.W.2d 304 (Court of Appeals of Texas, 1990)
Humble Exploration Co., Inc. v. Walker
641 S.W.2d 941 (Court of Appeals of Texas, 1982)
Theatres of America, Inc. v. State
577 S.W.2d 542 (Court of Appeals of Texas, 1979)
Schultz v. Fifth Judicial District Court of Appeals at Dallas
810 S.W.2d 738 (Texas Supreme Court, 1991)

Cite This Page — Counsel Stack

Bluebook (online)
Gary C. Evans v. the Frost National Bank, Counsel Stack Legal Research, https://law.counselstack.com/opinion/gary-c-evans-v-the-frost-national-bank-texapp-2015.