In re: Toco Holdings, L.L.C., et al.

CourtUnited States Bankruptcy Court, S.D. Texas
DecidedApril 8, 2026
Docket25-35378
StatusUnknown

This text of In re: Toco Holdings, L.L.C., et al. (In re: Toco Holdings, L.L.C., et al.) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, S.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Toco Holdings, L.L.C., et al., (Tex. 2026).

Opinion

April 08, 2026 Nathan Ochsner, Clerk IN THE UNITED STATES BANKRUPTCY COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION

IN RE: § § CASE NO: 25-35378 TOCO HOLDINGS, L.L.C., et al., § Debtors. § Jointly Administered § CHAPTER 11

MEMORANDUM OPINION SUSTAINING OBJECTION TO PROOF OF CLAIM (RELATES TO ECF NO. 78) BACKGROUND Toco Warranty Corp. (hereinafter “Toco Warranty”) began operations in 2012 in the vehicle service contract industry.1 On or around November 14, 2018, Toco Holdings, L.L.C. (hereinafter “Toco Holdings”) acquired Toco Warranty (together with Toco Holdings, the “Debtors”) from AmTrust Warranty Holdings, LLC, an affiliate of AmTrust North America, Inc. (hereinafter “AmTrust”).2 Toco Holdings is a holding company and has no employees or direct operations.3 The vehicle services contract industry is a business fundamentally built on three distinct pillars: (i) marketing, (ii) administration, and (iii) the obligor, which is the risk-bearing entity.4 Toco Warranty’s core business is to act as the marketer and administrator for these service contracts.5 Prior to the 2018 acquisition, Noteh Berger (hereinafter “Mr. Berger”), a former employee of AmTrust, was allegedly slated to purchase Toco Warranty from AmTrust.6 As part of the sale of Toco Warranty to Toco Holdings, Mr. Berger allegedly assigned his right to purchase Toco Warranty to Toco Holdings in exchange for post-

1 ECF No. 13 at ¶ 1. 2 Id. 3 Id. 4 Id. at ¶ 2. 5 Id. 6 ECF No. 78-4 Ex. D at ¶ 10. 1 / 24 acquisition employment as CEO of Toco Warranty, with an annual salary of $350,000, and post-acquisition employment as manager of Toco Holdings with a right to share in the profits of Toco Holdings.7 On March 25, 2020, the Debtors filed a lawsuit against Mr. Berger in the 11th Judicial District Court of Harris County, Texas, asserting claims for breach of contract, breach of fiduciary duty, and fraud (hereinafter the “Texas Litigation”).8 On June 16, 2020, Mr. Berger filed a lawsuit against the Debtors in the Superior Court of California, Los Angeles County, asserting nine causes of action for (i) indemnification, (ii) breach of employment contract, (iii) breach of profit-sharing contract, (iv) constructive fraudulent transfer, (v) interference with contract, (iv) interference with prospective economic advantage, (vii) accounting, (viii) promissory fraud, and (ix) breach of fiduciary duty (hereinafter the “California Litigation”).9 The Texas and California Litigations proceeded on dual tracks over the course of the next four years. On November 18, 2024, Mr. Berger filed the Verified Opposed Motion for Continuance (hereinafter the “Motion for Continuance”) in the Texas Litigation, seeking a continuation and delay of the scheduled trial in the Texas Litigation.10 In the Motion for Continuance, Mr. Berger argued the California Litigation should proceed to trial in August, 2025, ahead of the Texas Litigation, because the California Litigation would result in a resolution of “all outstanding issues between the [P]arties,” whereas “the Texas Litigation occurring first would still require Plaintiffs and Defendants to appear in the California Case.”11 According to Mr. Berger in his Motion for Continuance, he was asserting three causes of action against the Debtors in the Texas Litigation, while asserting the same three causes of action in the California Litigation plus an additional six.12 Based on Mr. Berger’s Motion for Continuance,

7 Id. at ¶ 12. 8 Id. at ¶ 9. 9 Id. at 5. 10 ECF No. 78-2 Ex. B. 11 Id. at ¶ 3. 12 Id. 2 / 24 the Texas state court granted the continuance to allow the California Litigation to proceed to trial ahead of the Texas Litigation.13 On June 10, 2025, Mr. Berger voluntarily dismissed without prejudice his causes of action for breach of profit-sharing contract, constructive fraudulent transfer, interference with contract, interference with prospective economic advantage, accounting, and breach of fiduciary duty from the California Litigation (hereinafter the “Dismissed Causes of Action”).14 His causes of action for indemnification, breach of employment contract, and promissory fraud remained pending. On August 22, 2025, the jury in the California Litigation returned a verdict for Mr. Berger against the Debtors in the amount of $1,518,799.00.15 The verdict states that the court found for Mr. Berger on his cause of action for breach of contract (breach of covenant of good faith and fair dealing), and against him for promissory fraud.16 On September 12, 2025, Toco Holdings filed a voluntary petition under Subchapter V of Chapter 11 of the Bankruptcy Code.17 On September 18, 2025, the Superior Court of Los Angeles County entered a judgment against Toco Warranty in the amount of $1,518,799.00 and expressly reserved that attorney’s fees, if allowed under law, would be decided by post-judgment motion.18 The Los Angeles court could not enter judgment against Toco Holdings because the automatic stay under § 362 of the Bankruptcy Code had been imposed at that time.19 On September 25, 2025, Toco Warranty filed its own voluntary petition under Subchapter V of Chapter 11.20

13 ECF No. 78-3 Ex. C. 14 ECF No. 88-3 Ex. 2. 15 ECF No. 88-4 Ex. 3 at ¶ 14. 16 Id. at ¶¶ 7, 13; ECF No. 88-5 Ex. 4 at 3. 17 ECF No. 1. 18 ECF No. 88-5 Ex. 4 at 3–4. 19 Id. 20 Case No. 25-03811, ECF No. 1. 3 / 24 On November 20, 2025, Mr. Berger filed a proof of claim in the Debtors’ jointly administered bankruptcy cases, asserting a putative claim of $36,309,309.46 against the Debtors.21 The proof of claim breaks down as follows: Description Period Amount State court verdict (against Toco 2018-2025 $1,518,799.00 Holdings, LLC) and judgment (against Toco Warranty Corp.) Attorneys’ fees from state court case 2020-2025 $312,510.46 Attorneys’ fees in bankruptcy 2025-2026 $160,000.00 Client’s 20% share of profits that the 2021 $250,000.00 bankrupts wrongly withheld from him Client’s 20% share of profits that the 2022 $1,296,000.00 bankrupts wrongly withheld from him Client’s 20% share of profits that the 2023 $1,512,000.00 bankrupts wrongly withheld from him Client’s 20% then 30% share of profits 2024 $2,140,000.00 (upon corporation receiving $3.5 million, which occurred in 2024) that the bankrupts withheld from him Client’s 30% share of profits that the 2025 $3,640,000.00 bankrupts wrongly withheld from him Client’s 30% share of profits that the 2026 $3,640,000.00 bankrupts wrongly withheld from him Client’s 30% share of profits that the 2027 $3,640,000.00 bankrupts wrongly withheld from him Client’s 30% share of profits that the 2028 $3,640,000.00 bankrupts wrongly withheld from him Client’s 30% share of profits that the 2029 $3,640,000.00 bankrupts wrongly withheld from him Client’s 30% share of profits that the 2030 $3,640,000.00 bankrupts wrongly withheld from him Client’s 30% share of profits that the 2031 $3,640,000.00 bankrupts wrongly withheld from him

21 ECF No. 78-1 Ex. A. 4 / 24 Client’s 30% share of profits that the 2032 $3,640,000.00 bankrupts wrongly withheld from him Total $36,309,309.4622

On December 22, 2025, the Debtors filed the above captioned Objection to Claim Number 2 by Claimant Noteh Berger (hereinafter the “Objection”).23 The Debtors objected to Mr. Berger’s proof of claim on grounds that certain portions of the $36 million figure were not supported by evidence, that certain portions were otherwise barred under principles of res judicata and collateral estoppel with respect to the prior California Litigation, and that certain portions were simply not recoverable from the Debtors.24 According to the Debtors, Mr. Berger attempted to assert amounts in his proof of claim based on the Dismissed Causes of Action in the California Litigation.25 The Debtors argue res judicata should bar relitigating those claims because (i) the same three parties (Mr.

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In re: Toco Holdings, L.L.C., et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/in-re-toco-holdings-llc-et-al-txsb-2026.