Naveen Anand v. Hallmark Financial Services, Inc.

CourtDistrict Court, N.D. Texas
DecidedJune 11, 2026
Docket3:24-cv-03181
StatusUnknown

This text of Naveen Anand v. Hallmark Financial Services, Inc. (Naveen Anand v. Hallmark Financial Services, Inc.) is published on Counsel Stack Legal Research, covering District Court, N.D. Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Naveen Anand v. Hallmark Financial Services, Inc., (N.D. Tex. 2026).

Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF TEXAS DALLAS DIVISION

NAVEEN ANAND, § § Plaintiff/Counterclaim-Defendant, § § v. § CIVIL ACTION NO. 3:24-CV-3181-B § HALLMARK FINANCIAL SERVICES, § INC., § § Defendant/Counterclaimant. §

MEMORANDIUM OPINION AND ORDER

Before the Court is Plaintiff/Counterclaim-Defendant Naveen Anand’s Second Motion for Partial Summary Judgment (Doc. 56). For the following reasons, the Court GRANTS in part the Motion. I. BACKGROUND This contract dispute involves an ex-CEO who, after his former company accused him of wrongdoing, insists that the company advance his costs for defending against those accusations. Anand previously served as CEO and President of Defendant/ Counterclaimant Hallmark Financial Services, Inc. (“Hallmark”). Doc. 58, Anand Br., 3; Doc. 64, Hallmark Br., 2. Officers of Hallmark are entitled to indemnification and advancement of defense costs for actions they took in their official capacity, as specified under Article VII of the corporation’s bylaws (the “Bylaws”). See Doc. 58, Anand Br., 3; Doc. 64, Hallmark Br., 4-5. The question presented here is what circumstances trigger Hallmark’s obligation to advance defense costs. This is not the first time the Court has addressed this question. In the First Amended Complaint (“FAC”), Anand brought a breach of contract claim against Hallmark. He contended that Hallmark was obligated to advance the legal expenses he incurred after Hallmark sent him a demand letter. Doc. 6, FAC, 8-9. In response to the FAC, Hallmark filed its First Answer and

asserted counterclaims against Anand based on alleged misconduct during his tenure as CEO. See generally Doc. 12, First Answer. Shortly thereafter, Anand brought his First Motion for Partial Summary Judgment on his breach of contract claim. In that Motion, he asserted that Hallmark was obligated to advance his defense costs incurred in responding to the counterclaims. See Doc. 19, First Mot. Summ. J. Br., 15. In December 2025, the Court addressed Anand’s First Motion for Partial Summary

Judgment in its Memorandum Opinion and Order containing three relevant rulings. See Doc. 44, Mem. Op. & Order. First, the Court held that the Bylaws did not impose an obligation on Hallmark to advance expenses Anand incurred in responding to a threatened—but not yet commenced—action, suit, or proceeding. See id. at 14. Second, the Court held that Hallmark did not breach the Bylaws by rejecting Anand’s first two requests to advance expenses incurred in responding to the threatened action. See id. Third, the Court declined to decide at that time if Hallmark breached the Bylaws by

failing to advance Anand’s expenses incurred during the period after Hallmark filed its counterclaims. See id. at 15-16. Anand then filed a Supplemental Complaint under Federal Rule of Civil Procedure 15(d) to add the following undisputed factual allegations: (1) In response to the FAC, Hallmark filed counterclaims against Anand for alleged actions and omissions during his tenure as CEO; (2) roughly two weeks later, Anand sent Hallmark a third advancement request and signed undertaking that agreed to reimburse Hallmark for any and all expenses advanced to him in the event a court determines he is not entitled to indemnification; (3) Hallmark did not provide advancement or otherwise respond to the request; and (4) Anand filed a motion to dismiss the counterclaims. See Doc. 51, Suppl. Compl., 8-9, 11.

The Supplemental Complaint asserts two claims. First, Anand seeks declaratory and injunctive relief stating that “the Bylaws require Hallmark to advance his fees and expenses incurred in responding to and defending against the Counterclaims—including both those incurred since the filing of the Counterclaims, and those that will be incurred going forward.” Id. at 10. Second, Anand asserts a breach of contract claim against Hallmark for “refusing to advance Mr. Anand’s expenses incurred in responding to and defending against the Counterclaims.” Id. at 11.

In response to the Supplemental Complaint, Hallmark filed its Second Answer that re- incorporated its counterclaims. See generally Doc. 52, Second Answer. Anand then filed his second Motion to Dismiss Hallmark’s counterclaims pursuant to Federal Rule of Civil Procedure 12(b)(6) for failure to plausibly allege a claim upon which relief can be granted. See generally Doc. 59, Mot. Dismiss. That same day, Anand also filed his Second Motion for Partial Summary Judgment on the declaratory judgment and breach of contract claims. See generally Doc. 56, Second Mot. Summ. J.

Hallmark filed a response (Doc. 63), and Anand filed a reply (Doc. 72). The Court now addresses Anand’s Second Motion for Partial Summary Judgment below. II. LEGAL STANDARD Under Federal Rule of Civil Procedure 56(a), summary judgment is appropriate “if the movant shows that there is no genuine dispute as to any material fact and the movant is entitled to judgment as a matter of law.” On a motion for summary judgment, the burden is on the movant to prove that no genuine dispute exists as to any issue of material fact. See Provident Life & Accident Ins. Co. v. Goel, 274 F.3d 984, 991 (5th Cir. 2001). To determine whether a genuine dispute exists for trial, the court must view all evidence in the light most favorable to the non-movant. See Chaplin v. Nations Credit Corp., 307 F.3d 368, 371-72 (5th Cir. 2002).

Once the movant has met its burden, the burden shifts to the non-movant, who must show that summary judgment is not appropriate. See Little v. Liquid Air Corp., 37 F.3d 1069, 1075 (5th Cir. 1994) (citation omitted). “This burden is not satisfied with ‘some metaphysical doubt as to the material facts,’ . . . by ‘conclusory allegations,’ . . . by ‘unsubstantiated assertions,’ . . . or by only a ‘scintilla’ of evidence . . . .” Id. (other citations omitted) (quoting Matsushita Elec. Indus. Co. v. Zenith Radio Corp., 475 U.S. 574, 586 (1986)). Finally, the evidence that any party proffers “must be

competent and admissible at trial.” Bellard v. Gautreaux, 675 F.3d 454, 460 (5th Cir. 2012) (citation omitted). III. ANALYSIS Summary judgment is appropriate because the Bylaws show that Hallmark is obliged to advance Anand’s defense costs incurred in responding to the counterclaims as a matter of law. In

Section A, the Court addresses Anand’s breach of contract claim and Hallmark’s affirmative defenses. In Section B, the Court evaluates Anand’s request for the Court to declare the Parties’ rights and obligations under the Bylaws. A. Anand’s Breach of Contract Claim. This section is broken down into four parts. In part one, the Court overviews the Bylaws’ advancement and indemnification article. In part two, the Court engages in contract interpretation to decide if a plaintiff/counterclaim-defendant that moved to dismiss the counterclaims levied against him is “defending . . . a civil action.” In part three, the Court evaluates whether Anand has carried his summary judgment burden and shown there is no genuine issue of material fact for any element of his breach of contract claim, and he is entitled to judgment as a matter of law .

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Naveen Anand v. Hallmark Financial Services, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/naveen-anand-v-hallmark-financial-services-inc-txnd-2026.