KBH TRADE, LLC v. HOLLAND ASTOR ASSOCIATES, LTD, et al.

CourtDistrict Court, S.D. Texas
DecidedJune 29, 2026
Docket4:25-cv-04957
StatusUnknown

This text of KBH TRADE, LLC v. HOLLAND ASTOR ASSOCIATES, LTD, et al. (KBH TRADE, LLC v. HOLLAND ASTOR ASSOCIATES, LTD, et al.) is published on Counsel Stack Legal Research, covering District 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
KBH TRADE, LLC v. HOLLAND ASTOR ASSOCIATES, LTD, et al., (S.D. Tex. 2026).

Opinion

IN THE UNITED STATES DISTRICT COURT June 29, 2026 FOR THE SOUTHERN DISTRICT OF TEXAS Nathan Ochsner, Clerk HOUSTON DIVISION

KBH TRADE, LLC, § § Plaintiff, § v. § CIVIL ACTION NO. H-25-4957 § HOLLAND ASTOR ASSOCIATES, LTD, § et al., § § Defendants. §

MEMORANDUM AND OPINION This lawsuit arises out of transactions between KBH Trade, LLC, a Virginia LLC, and Holland Astor Associates Limited, a British company. KBH asserts a variety of claims against Holland Astor, primarily based on breach of contract and fraud. (Docket Entry No. 1-5). Holland Astor has moved to dismiss based on lack of personal jurisdiction, insufficient service of process, and forum non conveniens. (Docket Entry No. 4). After reviewing the pleadings, the motion and response, the record, oral argument, and the applicable law, the court grants the motion to dismiss, without prejudice. The reasons for this ruling are set out below. I. Background KBH filed this suit in Texas state court in August 2025. (Docket Entry No. 1-5). The petition alleges that on November 21, 2024, KBH and Holland Astor entered into an asset acquisition and client management agreement for the purpose of acquiring and managing a standby letter of credit. (Docket Entry No. 1-5 ¶ 11). KBH alleges that under the agreement, Holland Astor was required to pay KBH $400,000—what KBH calls “the Advance”—at the time of monetization. (Id. ¶ 12). As part of the transactions, in November 2024, KBH allegedly wired Holland Astor $100,000. (Docket Entry No. 5-2). The account address Holland Astor provided for the wire transfer was 2800 Post Oak Blvd., Houston, Texas. (Id.). KBH’s petition alleges that Holland Astor did not pay the $400,000 Advance and did not provide any evidence that it even exists. (Docket Entry No. 1-5 ¶ 13). On December 16, 2025, the parties also entered into a Deed of Agreement for the purpose

of placing the proceeds from the standby letter of credit into a private placement trade platform under a contract between Holland Astor and Merrill Lynch. (Docket Entry No. 1-5 ¶ 14). The Deed required the Advance to be paid before any trades were made. (Id. ¶ 15). KBH alleges that although Holland Astor stated that money was moved as represented and trades had begun on January 27, 2025, the Advance has not been paid. (Id.). KBH alleges that it exchanged emails and texts with Holland Astor for months about the alleged trades, during which Holland Astor promised that it would provide trade results. (Id. ¶ 16). On March 11, 2025, Holland Astor provided KBH with a “Remittance Statement” representing that Holland Astor would pay KBH $200,000. (Id. ¶ 17). KBH alleges that the funds were never

transferred. (Id.). On March 17, 2025, Holland Astor told KBH that it would not receive a results statement. (Id. ¶ 16). On the same date, Holland Astor also introduced a “hurdle” “whereby the monetization funds were to be repaid in full prior to any trade proceeds being distributed.” (Id. ¶ 20). KBH alleges that this “hurdle” was a breach and constituted fraud. (Id.). KBH alleges that Holland Astor also stated that it would “be holding both pools of money until such a time” as Holland Astor settled with Merrill Lynch, which KBH alleges was unlawful. (Id. ¶ 22). KBH alleges that in May 2025, it demanded that Holland Astor mediate the parties’ dispute, and that Holland Astor refused to do so. (Id. ¶ 23).

2 KBH sued Holland Astor and “Does 1 to 10” for breach of contract; common law fraud; fraudulent concealment; breach of fiduciary duty; conversion; constructive trust; and money had and received. (Id. ¶¶ 24–64). Holland Astor timely removed and moved to dismiss, asserting (1) that Texas courts lack personal jurisdiction over it, (2) that KBH failed to properly serve it, and (3) that the court should decline jurisdiction regardless under the doctrine of forum non conveniens.

(Docket Entry No. 4). KBH responded to the motion to dismiss. (Docket Entry No. 5). On February 12, 2026, the court heard oral argument on the motion. (Docket Entry No. 21). The court allowed the parties to supplement the record. (Id.). Holland Astor filed the declaration of Geoff Turner, (Docket Entry No. 22), to which KBH objected, (Docket Entry No. 23). KBH’s former counsel also filed a declaration. (Docket Entry No. 24). The motion to dismiss is ripe for ruling. II. The Legal Standard A. The Rule 12(b)(2) standard When a nonresident defendant challenges personal jurisdiction, the plaintiff bears the

burden of demonstrating facts sufficient to support jurisdiction. Stuart v. Spademan, 772 F.2d 1185, 1192 (5th Cir.1985). “The court may determine the jurisdictional issue by receiving affidavits, interrogatories, depositions, oral testimony, or any combination of the recognized methods of discovery.” Id. “When the district court rules on a motion to dismiss for lack of personal jurisdiction ‘without an evidentiary hearing, the plaintiff may bear his burden by presenting a prima facie case that personal jurisdiction is proper.’” Quick Techs., Inc. v. Sage Grp. PLC, 313 F.3d 338, 343 (5th Cir. 2002) (quoting Wilson v. Belin, 20 F.3d 644, 648 (5th Cir. 1994)). The court “must accept as true the uncontroverted allegations in the complaint and resolve in favor of the plaintiff any factual conflicts.” Stripling v. Jordan Prod. Co., LLC, 234 F.3d 863,

3 869 (5th Cir. 2000) (quoting Latshaw v. Johnston, 167 F.3d 208, 211 (5th Cir.1999)) (additional citations omitted). The court is not obligated to credit conclusory allegations. Panda Brandywine Corp. v. Potomac Elec. Power, 253 F.3d 865, 868 (5th Cir.2001). B. The Rule 12(b)(4) and Rule 12(b)(5) Standards A party may raise insufficient process or insufficient service of process by moving to

dismiss under Rule 12(b)(4) or Rule 12(b)(5). “Generally speaking, ‘[a]n objection under Rule 12(b)(4) concerns the form of the process rather than the manner or method of its service,’ while a ‘Rule 12(b)(5) motion challenges the mode of delivery or the lack of delivery of the summons and complaint.’” Gartin v. Par Pharm. Cos., Inc., 289 F. App’x 688, 691 n.3 (5th Cir. 2008) (quoting 5B CHARLES ALAN WRIGHT & ARTHUR R. MILLER, FED. PRAC. & PROC.: Civ. 3d § 1353). “The party making service has the burden of demonstrating its validity when an objection to service is made.” Holly v. Metro. Transit Auth., 213 F. App’x 343, 344 (5th Cir. 2007) (citing Carimi v. Royal Caribbean Cruise Line, Inc., 959 F.2d 1344, 1346 (5th Cir. 1992)). “In the absence of valid service of process, proceedings against a party are void.” Aetna Bus. Credit, Inc.

v. Universal Decor & Interior Design, 635 F.2d 434, 435 (5th Cir. 1981). “For service to be effective, a plaintiff must comply with the requirements of Rule 4.” Harris v. HireRight LLC, No. 3:23-CV-01679-E, 2024 WL 4805375, at *2 (N.D. Tex. Nov. 15, 2024). “In considering a motion to dismiss for lack of service of process, a court may properly look beyond the pleadings to determine whether service was sufficient.” Id. C. Forum Non Conveniens “The principle of forum non conveniens is simply that a court may resist imposition upon its jurisdiction even when jurisdiction is authorized by the letter of a general venue statute.” Gulf Oil Corp. v. Gilbert, 330 U.S. 501, 506 (1947). “A court’s authority to effect foreign transfer

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

Related

Latshaw v. Johnston
167 F.3d 208 (Fifth Circuit, 1999)
Dickson Marine Inc. v. Panalpina, Inc.
179 F.3d 331 (Fifth Circuit, 1999)
Alpine View Co Ltd v. Atlas Copco AB
205 F.3d 208 (Fifth Circuit, 2000)
Vasquez v. Bridgestone/Firestone, Inc.
325 F.3d 665 (Fifth Circuit, 2003)
Delgado v. Reef Resort Ltd.
364 F.3d 642 (Fifth Circuit, 2004)
Holly v. Metropolitan Transit Authority
213 F. App'x 343 (Fifth Circuit, 2007)
Moncrief Oil International Inc. v. OAO Gazprom
481 F.3d 309 (Fifth Circuit, 2007)
DTEX, LLC v. BBVA Bancomer, S.A.
508 F.3d 785 (Fifth Circuit, 2007)
Stroman Realty, Inc. v. Antt
528 F.3d 382 (Fifth Circuit, 2008)
Gartin v. Par Pharmaceutical Co.
289 F. App'x 688 (Fifth Circuit, 2008)
Gulf Oil Corp. v. Gilbert
330 U.S. 501 (Supreme Court, 1947)
Koster v. (American) Lumbermens Mutual Casualty Co.
330 U.S. 518 (Supreme Court, 1947)
Hanson v. Denckla
357 U.S. 235 (Supreme Court, 1958)
World-Wide Volkswagen Corp. v. Woodson
444 U.S. 286 (Supreme Court, 1980)
Burger King Corp. v. Rudzewicz
471 U.S. 462 (Supreme Court, 1985)
Quackenbush v. Allstate Insurance
517 U.S. 706 (Supreme Court, 1996)

Cite This Page — Counsel Stack

Bluebook (online)
KBH TRADE, LLC v. HOLLAND ASTOR ASSOCIATES, LTD, et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/kbh-trade-llc-v-holland-astor-associates-ltd-et-al-txsd-2026.