Insight Investments, LLC v. Echo DCL, LLC

CourtDistrict Court, E.D. Texas
DecidedMarch 11, 2026
Docket4:18-cv-00531
StatusUnknown

This text of Insight Investments, LLC v. Echo DCL, LLC (Insight Investments, LLC v. Echo DCL, LLC) is published on Counsel Stack Legal Research, covering District Court, E.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Insight Investments, LLC v. Echo DCL, LLC, (E.D. Tex. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF TEXAS SHERMAN DIVISION

INSIGHT INVESTMENTS, LLC § § v. § NO. 4:18-CV-00531-BD § ECHO DCL, LLC §

MEMORANDUM OPINION AND ORDER In this diversity case, third-party defendant Echo DCL, LLC, moved for partial summary judgment against plaintiff Insight Investments, LLC, Dkt. 175; see Dkt. 177 (response). Insight also moved for summary judgment. Dkt. 178; see Dkts. 179 (response), 180 (reply). Echo’s motion will be denied, Insight’s motion will be granted in part, and all of Echo’s remaining claims, Dkt. 163, will be dismissed. BACKGROUND I. Underlying Agreements and Disputes Through an agreement that the parties call “the subcontract,” e.g., Dkt. 175 at 7 (referencing Dkt. 175-2), Icon Construction, Inc., contracted with United Excel Corporation to build a modular office building known as the “temporary phasing facility” (“TPF”), id. at 2. The TPF served as a temporary medical facility for use while United was renovating an Air Force base. Id. Icon leased the TPF to United to be “occupied by the [Air Force] for a period of 20 months at a monthly lease rate of $19,000 per month.” Dkt. 175-2 at 2. Icon and United also agreed to other obligations related to preparing and later dismantling the TPF. Id. at 23–29. Icon also contracted with Insight to finance construction of the TPF. The parties call that contract the “master lease agreement.” Dkt. 175-3; see Dkt. 175 at 5. It purported to vest ownership of the TPF in Insight, which would retain a security interest while leasing it to Icon. Dkt. 175-3 at 2. A schedule to that contract, which the parties call the “net lease agreement,” see Dkt. 175 at 5, set the lease term at 20 months with a monthly rent of $19,000. Dkt. 175-4 at 1. Those terms matched the terms of Icon’s lease to United. Dkt. 175-2 at 2. To summarize, Insight funded construction of the TPF, which Icon built and Insight owned. Insight leased the TPF to Icon, which leased it to United, which provided it to the Air Force. The Air Force was set to pay United, which would pay Icon, which would pay Insight. But a dispute arose between United and Icon. That dispute resulted in United not paying Icon, so Icon did not pay Insight. Insight sued both Icon and United, alleging that it and Icon had executed an amended agreement in which Icon agreed to direct United to make all payments due under the subcontract directly to Insight. Dkts. 1 at 3, 1-6. Insight asserted three claims against Icon and United: unjust enrichment, trespass to chattels, and conversion. Dkt. 1 at 5–7. It also asserted breach of contract and judicial foreclosure against Icon alone. Id. at 4–5, 7. United moved to dismiss. Dkt. 12. Icon answered and asserted counterclaims against Insight for usury. Dkt. 13 at 6– 8. Insight moved to dismiss those counterclaims. Dkt. 27. II. Assignments of Icon’s Claims Against United Then Icon declared bankruptcy. See Dkt. 44. During the bankruptcy proceedings, Icon assigned “all of [its] legal and beneficial right, title, interest in and ownership of [its] claims against [United] arising under [the subcontract]” to Insight. Dkt. 175-5 at 1. In that contract, Icon and Insight agreed to release certain claims identified in the contract between them. Id. at 4. United moved to compel Insight to arbitrate based on the subcontract between United and Icon. Dkt. 60 at 5–6. Because Icon had assigned its claims arising under the subcontract to Insight, United argued that Insight, standing in the shoes of Icon, was bound by the subcontract’s arbitration provision. See id. The court denied the motion to compel arbitration because Insight’s claims against United were its own equitable claims, not the contract claims Icon had assigned it. Dkts. 75 at 4–6, 83. Insight’s claims, which predated the assignment agreement, were not subject to the subcontract’s arbitration provision. See id. at 4–6. Shortly after the court denied United’s motion to compel arbitration, Echo entered the fray. It purchased “all the assets” of Icon—which, despite Icon’s earlier assignment to Insight, included “all [of Icon’s] claims, causes of action, and rights against [United].” Dkt. 175-6 at 13. Later that year, Insight reassigned Icon’s claims against United under the subcontract back to Icon so that Icon could pursue them in a different court. Dkt. 175-7 at 1; see also Dkt. 178-1 at 3 (affidavit of Insight’s general counsel explaining the reason for the reassignment). Icon in turn assigned those claims to Echo. Dkt. 175-8 at 1–2. To summarize again, after Insight sued Icon and United, Icon assigned its legal and beneficial (i.e., equitable) claims against United to Insight. Echo also purported to purchase Icon’s claims against United and Icon’s other assets. Insight reassigned Icon’s contract claims against United to Icon. Icon assigned those claims to Echo. III. Removal of the TPF Almost three years after this case began, United’s counsel informed Insight’s counsel that the Air Force needed the TPF removed. Dkt. 178-6 at 2–3. Insight’s counsel forwarded that email to Echo’s counsel, asking whether “Echo had any interest in purchasing the [TPF].” Id. at 2. Echo’s counsel responded that he did not believe that “Echo ha[d] any interest in the building if Insight want[ed] it and [could] remove it at its own expense.” Id. at 1. He said that he would advise Insight’s counsel “if that position changes.” Id. Insight dismantled, reconditioned, and relet the TPF. See Dkt. 178-1. IV. Claims By and Against Echo United moved to dismiss based on Insight’s reassignment of Icon’s claims, then answered and asserted counterclaims and crossclaims against Insight and Icon, respectively. United also impleaded Echo, seeking a declaration of which party, if any, was entitled to receive rent payments from United for use of the TPF. Dkt. 128 at 10–13. Echo pleaded counterclaims against United and claims against Insight. Dkt. 141. Echo alleged that, “by continuing to pursue this litigation,” Insight was in breach of its reassignment agreement with Icon. Id. at 5–6. Insight moved to dismiss Echo’s claims and for sanctions. Dkt. 142. United answered Echo’s counterclaims. See Dkt. 143. V. The Remaining Claims Insight and Icon settled, agreeing to “mutually release and dismiss each other from” the case and to “release and forever discharge each other . . . from any and all past, present[,] or future obligations on any contracts which have existed or may now exist.” Dkt. 175-9 at 1. The claims and counterclaims between Insight and Icon were dismissed. Dkts. 136, 138. Insight and United agreed to a confidential settlement, see Dkt. 156 at 1–2 (sealed), and the claims and counterclaims between them were also dismissed, Dkts. 144, 145. United and Echo voluntarily dismissed their claims against one another and opted to arbitrate. Dkts. 147, 149. United and Icon also agreed to arbitrate, and United voluntarily dismissed its claims against Icon. Dkts. 150, 153. The only remaining claims are Echo’s claims against Insight. Echo moved for leave to amend those claims after it learned of the confidential settlement agreement between Insight and United. Dkt. 155 at 2. According to Echo, its claims against Insight concern “the transfer of Insight’s claims against [United] back to Icon and[,] consequently[,] to Echo.” Id. at 2. Echo alleges that Insight usurped those claims by continuing to pursue them. Id. The court granted Echo leave to amend. Dkt. 161 at 20. It also denied Insight’s motion to dismiss and for sanctions. Id. Echo’s amended pleading asserts four causes of action against Insight: breach of contract, money had and received, conversion, and tortious interference with contract. Dkt. 163 at 7–10.

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Bluebook (online)
Insight Investments, LLC v. Echo DCL, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/insight-investments-llc-v-echo-dcl-llc-txed-2026.