Peterson, Goldman & Villani, Inc. v. Ancor Holdings, LP, Timothy McKibben, Joseph Randall Keene, and Ancor Partners, Inc.

CourtCourt of Appeals of Texas
DecidedJuly 18, 2019
Docket02-18-00102-CV
StatusPublished

This text of Peterson, Goldman & Villani, Inc. v. Ancor Holdings, LP, Timothy McKibben, Joseph Randall Keene, and Ancor Partners, Inc. (Peterson, Goldman & Villani, Inc. v. Ancor Holdings, LP, Timothy McKibben, Joseph Randall Keene, and Ancor Partners, Inc.) is published on Counsel Stack Legal Research, covering Court of Appeals of Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Peterson, Goldman & Villani, Inc. v. Ancor Holdings, LP, Timothy McKibben, Joseph Randall Keene, and Ancor Partners, Inc., (Tex. Ct. App. 2019).

Opinion

In the Court of Appeals Second Appellate District of Texas at Fort Worth ___________________________ No. 02-18-00102-CV ___________________________

PETERSON, GOLDMAN & VILLANI, INC., Appellant

V.

ANCOR HOLDINGS, LP; TIMOTHY MCKIBBEN; JOSEPH RANDALL KEENE; AND ANCOR PARTNERS, INC., Appellees

On Appeal from the 141st District Court Tarrant County, Texas Trial Court No. 141-236257-09

Before Sudderth, C.J.; Kerr and Birdwell, JJ. Opinion by Justice Birdwell OPINION

After a decade and a half of legal proceedings, appellant Peterson, Goldman &

Villani, Inc. (PGV) is still seeking someone to satisfy a guaranty agreement. In an

earlier suit, PGV obtained a judgment against the defunct company that executed the

guaranty, Ancor Holdings LLC (Ancor LLC). In this suit, PGV seeks to enforce that

judgment against a group of related parties—Ancor Holdings LP (Ancor LP) and its

principals, who are the appellees here.

The trial court rendered a take-nothing summary judgment in favor of

appellees on grounds of res judicata, reasoning that PGV should have pressed all of

its claims in the earlier suit. We hold, to the contrary, that PGV’s suit to enforce the

judgment does not offend res judicata. We further hold that PGV conclusively

established Ancor LP’s liability as a successor to Ancor LLC’s judgment debt. We

therefore affirm, in part, reverse and render, in part, and reverse and remand, in part.

I. Background

Ancor LLC was a holding company whose members were appellees Timothy

McKibben and Joseph Randall Keene. At the turn of the millennium, Ancor LLC

was a significant investor in a company called OpenPoint Systems, Inc., who was a

borrower under a loan agreement with Bank of America. OpenPoint was struggling

in early 2000. In March 2000, as part of an arrangement to restructure the loan,

Ancor LLC executed a guaranty agreement in favor of Bank of America.

2 In May 2000, OpenPoint filed for bankruptcy, triggering the guaranty

agreement. Bank of America sold its rights under the guaranty to PGV. PGV then

attempted to collect from Ancor LLC, filing suit in Dallas County. After three and a

half years of arbitration, PGV obtained an arbitration award against Ancor LLC. In

May 2008, a Dallas district court signed a final judgment confirming the arbitration

award.

In July 2008, PGV discovered that—unbeknownst to it and Bank of America,

and in breach of a clause in the guaranty—Ancor LLC had merged with Ancor LP

approximately eight years earlier, leaving Ancor LP the sole surviving entity. Peterson,

Goldman & Villani, Inc. v. Ancor Holdings, LP, 420 S.W.3d 281, 283 (Tex. App.—

El Paso 2013, pet. denied) (setting out these background facts). Consequently, PGV

moved to modify the judgment to include Ancor LP as a judgment debtor subject to

execution for the confirmed arbitration judgment. The trial court denied PGV’s

motion to modify. Both Ancor LLC and PGV appealed the trial court’s arbitration-

confirmation judgment to the Dallas Court of Appeals, which subsequently affirmed.

While that judgment was on appeal, though, PGV filed this suit against Ancor

LP and its principals, McKibben, Keene, and Ancor Partners, Inc. PGV sought

satisfaction of the judgment awarded against Ancor LLC, alleging various causes of

action including successor liability. Appellees asserted res judicata and limitations as

defenses. The proceeding was soon transferred to a district court in Tarrant County.

3 PGV moved for partial summary judgment on its declaratory-judgment and

breach-of-contract claims against Ancor LP. For their part, appellees filed two

motions for summary judgment in which they argued, inter alia, that PGV’s claims

were barred by res judicata. The trial court denied PGV’s motion for partial summary

judgment, granted appellees’ motions for summary judgment, and dismissed PGV’s

claims with prejudice.

PGV’s appeal was heard on transfer before the El Paso Court of Appeals, from

which we have borrowed our recitation of the background facts. See id. In pertinent

part, the El Paso court held that the elements of res judicata had not been

conclusively established, and therefore summary judgment could not be sustained on

that basis. Id. at 284–85. The court concluded that appellees had “never addressed”

the privity element of res judicata, “much less established” it conclusively. Id. at 285.

For that reason and others, the court reversed the summary judgment to the extent

that it disposed of PGV’s contractual and declaratory-judgment claims. Id. at 287.

The court affirmed the summary judgment to the extent that it disposed of PGV’s

other claims.1 Id.

1 In particular, the court affirmed dismissal of PGV’s claims for fraud, estoppel, tortious interference with contract, negligent misrepresentation, alter ego, conspiracy, and punitive damages, because PGV had not challenged dismissal of these claims. Peterson, Goldman & Villani, Inc. v. Ancor Holdings, LP, 420 S.W.3d 281, 287 (Tex. App.—El Paso 2013, pet. denied).

4 On remand, PGV amended its petition; it retained its claim for successor

liability while adding some new theories and nonsuiting others.2 Appellees filed an

amended answer in which they pleaded res judicata and laches, among other

affirmative defenses.

The parties once again filed dueling motions for summary judgment. Appellees

focused solely on res judicata, taking pains to address privity. PGV argued that it had

conclusively established Ancor LP’s successor liability on the judgment. Once again,

the trial court denied PGV’s motion, granted appellees’ motion, and dismissed all of

PGV’s claims with prejudice. PGV appeals.

II. Summary Judgment Against PGV

In its first issue, PGV asserts that the trial court erred in granting summary

judgment on the basis of res judicata. PGV asserts that appellees failed to establish

two of the three elements of its res judicata defense: (1) privity between Ancor LLC

and the appellees here and (2) that the subsequent action is based on claims or causes

of action that were or should have been raised in the first action. We agree that the

claims in the subsequent suit—in particular, PGV’s successor-liability claim to enforce

the arbitration judgment—were not and should not have been raised in the first

2 In its live pleading, PGV alleged causes of action including contractual and successor liability, principal-agent liability, alter ego, punitive damages, unjust enrichment, and multiple forms of estoppel, while nonsuiting its other theories.

5 action. These were therefore not the type of claims that were required to be raised in

the first action or be forever barred.3

We review a summary judgment de novo. Travelers Ins. v. Joachim, 315 S.W.3d

860, 862 (Tex. 2010). We consider the evidence presented in the light most favorable

to the nonmovant, crediting evidence favorable to the nonmovant if reasonable jurors

could, and disregarding evidence contrary to the nonmovant unless reasonable jurors

could not. Mann Frankfort Stein & Lipp Advisors, Inc. v. Fielding, 289 S.W.3d 844, 848

(Tex. 2009). We indulge every reasonable inference and resolve any doubts in the

nonmovant’s favor. 20801, Inc. v. Parker, 249 S.W.3d 392, 399 (Tex.

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Peterson, Goldman & Villani, Inc. v. Ancor Holdings, LP, Timothy McKibben, Joseph Randall Keene, and Ancor Partners, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/peterson-goldman-villani-inc-v-ancor-holdings-lp-timothy-mckibben-texapp-2019.