Megatel Homes LLC v. Moayedi

District Court, N.D. Texas·Decided June 9, 2025·No. 3:20-cv-00688·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF TEXAS DALLAS DIVISION

MEGATEL HOMES III, LLC, § § Plaintiff, § § v. § Case No. 3:20-cv-00688-L-BT § MEHRDAD MOAYEDI, et al., § § Defendants. §

MEMORANDUM ORDER

Before the Court is UDF’s Motion to Enforce Megatel’s Compliance with Omnibus Discovery Order, ECF No. 337. For the reasons that follow, the motion is GRANTED in part.1 Background

The parties are familiar with the factual and procedural history of this litigation, and the Court only recounts the background facts required to provide context for its rulings.2 This case arises out of an alleged scheme to defraud a Texas homebuilding company comprised of Megatel Homes, LLC (MHI or Megatel I), Megatel Homes

1 Pursuant to 28 U.S.C. § 636(b) and a Standing Order of Reference, ECF No. 253, United States District Judge Sam A. Lindsay has referred all discovery matters in this civil action to the undersigned. 2 For a general recitation of the underlying facts and procedural history in this case, the Court incorporates by reference the factual background set forth in Megatel Homes, LLC v. Moayedi, et al., 2022 WL 2306949 (N.D. Tex. June 27, 2022) (Lindsay, J.) and in the Omnibus Discovery Order, ECF No. 327. II, LLC (MHII or Megatel II), and Megatel Homes III, LLC (MHIII or Megatel III) (sometimes collectively, “Megatel”).3 On March 20, 2020, Megatel filed an Original Complaint against Defendant Mehrdad Moayedi, founder and operator of

Centurion American Custom Homes d/b/a Centurion American Development Group (collectively, “Centurion”)—a real estate development company. Megatel also sued the UDF Defendants—various entities comprising a family of investment funds that finance land development projects, as well as the founders and employees of those entities.4

At present, the remaining claims are Megatel’s claims against Moayedi for violations of the Racketeer Influenced and Corrupt Organizations Act (RICO) under 18 U.S.C. §§ 1962(a)-(c), and a RICO conspiracy claim against Moayedi and the UDF Defendants under 18 U.S.C. § 1962(d) (based on the predicate acts of mail fraud, wire fraud, and interstate transportation of stolen property); and claims

3 In the Declaration of Zach Ipour submitted in support of Megatel’s Response in Opposition to UDF’s Motion to Enforce, Megatel I and Megatel II collectively are defined as “Megatel,” whereas Mr. Ipour states that he and his brother separately are “co-founders and principals of Megatel Homes III, LLC [i.e. Megatel III].” Megatel’s Resp. App., Ipour Decl. ¶ 2, ECF No. 348 at 6. He also states that “[t]he Megatel family of entities consists of dozens of homebuilding and non- homebuilding entities.” Id., Ipour Decl. ¶ 3, ECF No. 348 at 7. And, he states that only “Megatel is a homebuilder.” Id., Ipour Decl. ¶ 4, ECF No. 348 at 7. The Court recognizes this distinction. Nevertheless, at times, and for purposes of this Order only, the Court uses the term “Megatel” collectively. 4 For purposes of this Order, “UDF” or “UDF Defendants” refer to Defendants United Development Funding, L.P.; United Development Funding II, L.P.; United Development Funding III, L.P.; United Development Funding IV; United Development Funding Income Fund V; UMT Services, Inc.; UMT Holdings, L.P.; Hollis Greenlaw; Theodore F. Etter; Benjamin Wissink; and Brandon Jester. The Court sometimes refers to the entity Defendants as the “UDF Entities.” against Moayedi for common law fraud, fraudulent inducement, and statutory fraud.5 During discovery, a dispute ensued pertaining to the UDF Defendants’

requests for production seeking Megatel’s financial information. Ultimately, after unsuccessfully conferring, the UDF Defendants sought to compel financial documents and data relating to Megatel’s damages theory including, among other things, profit and loss (P&L) statements, balance sheets, projected construction costs, and financial information provided to potential and actual

lenders/investors. See UDF’s Mot. to Compel Megatel to Produce Financial Docs. (ECF No. 147), as supplemented (ECF No. 214) (“Mot. to Compel”). In February 2024, while UDF’s Motion to Compel was pending, Megatel filed a motion to dismiss Megatel I and Megatel II without prejudice. See Pls.’ Mot. to Dismiss 1, ECF No. 176.6 Defendant Mehrdad Moayedi and the UDF Defendants opposed the motion contending, among other things, that Megatel “should not be

permitted to shield discovery into Megatel I’s and Megatel II’s financial performance by nonsuiting those entities, while continuing to seek damages based on that same performance by those entities.” UDF Defs.’ Resp. Br. 4, ECF No. 208. On March 21, 2024, the District Judge granted Megatel’s motion to dismiss,

5 See Megatel Homes, LLC v. Moayedi, et al., 2021 WL 5360509 (N.D. Tex. Nov. 16, 2021); Megatel Homes, LLC v. Moayedi, et al., 2021 WL 5325919 (N.D. Tex. Nov. 16, 2021); and Megatel Homes, LLC v. Moayedi, et al., 2022 WL 2306949 (N.D. Tex. June 27, 2022). 6 Citations to the record refer to the CM/ECF page number at the top of each page rather than page numbers at the bottom of each filing. but dismissed Megatel I and Megatel II with prejudice. See March 21, 2024 Dismissal Order 9, ECF No. 257. As a condition of dismissal, however, he order[ed] Megatel I and Megatel II to comply with all discovery orders issued by [the Magistrate Judge], unless . . . modified by the [Court]. The parties, however, must not only show that the discovery request was timely, but also that the discovery requested is still relevant in light of this order dismissing Megatel I and Megatel II and limiting the predicate acts.

Id. at 11. On September 4, 2024, the undersigned granted UDF’s Motion to Compel. See Omnibus Discovery Order 13-16, ECF No. 327. As a threshold matter, the Court found that the UDF Defendants “have met their burden under the Court’s March 21, 2024 Dismissal Order of showing that the financial information they seek to compel . . . remains relevant and falls within the broad scope of discovery under Rule 26(b)(1).” Id. at 19. In addition, the Court found the requested financial documents and/or data remained relevant because Megatel III’s “lost profits damages theory is [based on] . . . the financial performance of a conglomeration of Megatel affiliates, including MHI and MHII.” Id. at 19. And, the Court concluded that the documents and communications the UDF Defendants seek to compel have relevance to the claims asserted against the UDF Defendants in the Amended Complaint and are important to (i) resolving the expansive claims of fraud and RICO conspiracy, and (ii) allowing the UDF Defendants to marshal a defense. See Fed. R. Civ. P. 26(b)(1) (permitting “discovery regarding any nonprivileged matter that is relevant to any party’s claim or defense”). Having put “its financial picture in controversy,” Megatel’s financial records are relevant and necessary for the UDF Defendants to test Megatel’s damages theory and defend against Megatel’s claims. Id. at 20-21 (citations omitted). For these reasons, the Court ordered Megatel I and Megatel II, on or before September 16, 2024, to produce “all non-privileged documents responsive to the UDF Defendants’ RFP Nos. 10-11, 13-14, 16-19, 68, and 70-76 for the time period between 2012 and 2022.” Id. at 93.

As recently recognized by Judge Lindsay, “[n]o party appealed or filed objections to the Omnibus Discovery Order, and, as such, it is the law of the case.” Order 1-2, ECF No. 360 (emphasis in original).

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