Lion Copolymer Holdings, Llc v. Lion Polymers, Llc

CourtTexas Supreme Court
DecidedDecember 18, 2020
Docket19-0343
StatusPublished

This text of Lion Copolymer Holdings, Llc v. Lion Polymers, Llc (Lion Copolymer Holdings, Llc v. Lion Polymers, Llc) is published on Counsel Stack Legal Research, covering Texas Supreme Court primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Lion Copolymer Holdings, Llc v. Lion Polymers, Llc, (Tex. 2020).

Opinion

IN THE SUPREME COURT OF TEXAS ══════════ NO. 19-0343 ══════════

LION COPOLYMER HOLDINGS, LLC, PETITIONER,

v.

LION POLYMERS, LLC, RESPONDENT ══════════════════════════════════════════ ON PETITION FOR REVIEW FROM THE COURT OF APPEALS FOR THE FIRST DISTRICT OF TEXAS ══════════════════════════════════════════

PER CURIAM

JUSTICE GUZMAN did not participate in the decision.

In this appeal, Petitioner complains that the court of appeals erred in sustaining the

admission of certain deposition testimony that prejudiced its case and in concluding that its

briefing was inadequate to raise an issue about the record’s factual sufficiency. While we agree

that the trial court did not abuse its discretion in admitting the deposition testimony at issue, we

do not agree that Petitioner’s briefing in the court of appeals failed to preserve its complaint about

the factual sufficiency of the evidence. Although the court of appeals held that Petitioner waived

its factual sufficiency complaint through bare assertions unsupported by argument, ___ S.W.3d

___, ___ (Tex. App.—Houston [1st Dist.] 2019), we conclude that the issue was adequately briefed

and argued and should have been considered. We accordingly reverse the judgment below and

remand the Petitioner’s factual sufficiency complaint to the court of appeals for its consideration. Petitioner, Lion Copolymer Holdings, LLC (Company), is a synthetic rubber and rubber

chemical manufacturer in Louisiana. Company entered into an Amended and Restated Limited

Liability Agreement (LLC Agreement) with Respondent Lion Polymers, LLC (LP), one of

Company’s members. The LLC Agreement sets forth the terms of Company’s formation and its

management structure. The Agreement creates membership interests, which it identifies as “units.”

When it was admitted as a member, LP received two classes of units: Class 1 Preferred Units and

Class 3 Common Units. This membership arrangement creates a waterfall structure whereby taxes

pass through Company and are paid by its members, including LP.

Under the Agreement, members share in Company’s profits and losses. Company’s Board

of Managers determines whether and when Company distributes profits and losses to its members.

Before profit distributions are made, however, a member may incur tax liability proportionate to

its membership interest. To account for this asymmetry, the Agreement commits to advancing

members cash sufficient to satisfy their estimated tax liability. Specifically, under section 6.01(d)

On each Tax Distribution Date, the Company shall, to the extent the Board determines such amounts to be available for distribution, make distributions to the Members in such amounts as the Board determines are sufficient to satisfy the Members’ projected estimated income tax liability with respect to the Company’s income allocable to their Units for such period, including any reallocation of amounts of income to a Member which may occur due to the allocations provided in Section 6.05(a) . . . . Any distribution made to a Member pursuant to this Section 6.0l(d) shall be treated as an advanced distribution of, and shall reduce, the amounts next distributable to such Member pursuant to Section 6.01 or 6.02.

This tax advance prevents members from paying out of pocket for tax liabilities. If Company

provides members with a tax advance, the Agreement allows Company to recoup that amount by

reducing a later, non-tax distribution by the amount advanced. The underlying suit addresses

whether Company improperly deducted a tax advance twice from member distributions.

2 LP first filed a breach of contract claim against Company in February 2014, asserting that

Company improperly withheld certain sums in recapitalization distributions. LP amended its

petition in October 2015 to include a double-deduction claim, asserting that Company had

inappropriately deducted twice a tax advance for the third and fourth quarters of 2011. According

to LP, Company improperly reached into the future to deduct $361,295 in tax advances as part of

a 2011 distribution, as shown in a February 2012 spreadsheet. LP asserts that as part of a 2013

distribution, Company again deducted the same 2011 third and fourth quarter tax distribution.

Company does not dispute that the February 2012 spreadsheet was inaccurate but rather contends

that it did not properly represent prior tax withholdings. According to Company, after LP alerted

it to inaccuracies contained in the February 2012 spreadsheet, it and LP continued communicating

and exchanged new calculations, represented by new spreadsheets. This dialogue culminated in an

August 2012 spreadsheet, which represented the proper calculations and removed the inaccuracies

contained in the February 2012 spreadsheet. Company contends it then distributed capital

consistent with the August spreadsheet. LP contends that the February 2012 spreadsheet and

ultimate 2013 distribution reveal that Company double deducted the 2011 third and fourth quarter

tax advance. The trial court agreed with LP and a jury awarded LP actual damages totaling

$361,295, the amount corresponding to the February 2012 spreadsheet.

The court of appeals affirmed. ___ S.W.3d at ___. In its appeal, Company argued that the

evidence was legally and factually insufficient to support the jury’s verdict and that the trial court

abused its discretion in admitting the deposition testimony of Richard Furlin, the Company

accountant that prepared the February 2012 spreadsheet. Id. at ___, ___. After holding the evidence

legally sufficient to support the trial court’s judgment, the court declined to consider Company’s

3 factual sufficiency complaint because the “issue has been inadequately briefed and that

error . . . waived.” Id. at ___ (citing Lowry v. Tarbox, 537 S.W.3d 599, 614 (Tex. App.—San

Antonio 2017, pet. denied); City of Houston v. Levingston, 221 S.W.3d 204, 217 n.9 (Tex. App.—

Houston [1st Dist.] 2006, no pet.)). Notwithstanding its holding, the court of appeals noted that

Company challenged factual sufficiency by three “bare assertions”:

• “Alternatively, for these same reasons, the evidence is so weak that it is factually insufficient to support a finding that the Company owed [LP] any money; reversal and a new trial are therefore warranted.” • “Alternatively, the evidence of a double deduction and the amount owed is so weak that it is factually insufficient; reversal and a new trial are therefore warranted.” • “Alternatively, the evidence supporting the jury’s findings is so weak and so contrary to the overwhelming weight of all the evidence that the jury’s verdict should be set aside and a new trial ordered because it is factually insufficient.”

Id.

The court of appeals also held that the admission of the deposition testimony was not an

abuse of discretion because “the probative value of the complained-of portions of Furlin’s

deposition testimony was not substantially outweighed by the danger of unfair prejudice or a

tendency to confuse or mislead the jury.” Id. at ___ (citing TEX. R. EVID. 403). Company appealed

both issues.

Our briefing rules instruct that a brief “contain a clear and concise argument for the

contentions made, with appropriate citations to authorities.” TEX. R. APP. P 38.1(i). However,

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