Scott A. Miller v. Jeremy J. Walker, D/B/A Maverick Wealth Management

CourtCourt of Appeals of Texas
DecidedFebruary 15, 2018
Docket02-17-00035-CV
StatusPublished

This text of Scott A. Miller v. Jeremy J. Walker, D/B/A Maverick Wealth Management (Scott A. Miller v. Jeremy J. Walker, D/B/A Maverick Wealth Management) 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
Scott A. Miller v. Jeremy J. Walker, D/B/A Maverick Wealth Management, (Tex. Ct. App. 2018).

Opinion

COURT OF APPEALS SECOND DISTRICT OF TEXAS FORT WORTH

NO. 02-17-00035-CV

SCOTT A. MILLER APPELLANT

V.

JEREMY J. WALKER, D/B/A APPELLEE MAVERICK WEALTH MANAGEMENT

----------

FROM THE 236TH DISTRICT COURT OF TARRANT COUNTY TRIAL COURT NO. 236-281183-15

OPINION

I. INTRODUCTION

Appellee Jeremy J. Walker, d/b/a Maverick Wealth Management petitioned

the trial court to vacate the attorneys’-fees portion of an arbitration award in favor

of Appellant Scott A. Miller, arguing that the panel had exceeded its authority by

awarding attorneys’ fees that were not recoverable under an arbitration agreement or pursuant to Texas law. In response, Miller moved the trial court to

confirm the arbitration award and to sanction Walker for filing a frivolous petition

to vacate. The trial court vacated the attorneys’ fees and declined to sanction

Miller. In two issues, Miller challenges both rulings. We hold that the panel was

authorized to award Miller attorneys’ fees in light of the parties’ submissions

requesting attorneys’ fees and Walker’s failure to advise the panel that it lacked

the authority to award Miller attorneys’ fees. We also conclude, however, that

the trial court did not abuse its discretion by denying Miller’s motion for sanctions.

Therefore, we will affirm the trial court’s judgment insofar as it denied Miller’s

motion for sanctions, but we will reverse the trial court’s judgment vacating the

attorneys’ fees and render judgment confirming the arbitration award.

II. BACKGROUND

Miller operates a financial-advisory practice as an independent affiliate of

Ameriprise Financial Services, Inc. Walker joined the practice in 2009 as an

Associate Financial Advisor and signed an “Ameriprise Financial Services, Inc.

Associate Financial Advisor Agreement” (AFA Agreement), which among other

employment terms, contained a section providing for arbitration of certain claims.

Both Miller and Walker are “registered” with—or are considered “Associated

Persons” by—the Financial Industry Regulatory Authority (FINRA).

In May 2015, Walker resigned as an Associate Financial Advisor and,

according to Miller, “started a competing business two miles away.” Believing

2 that Walker was using confidential information taken from his practice to gain a

competitive advantage for his new business in violation of several written

agreements, and concluding that FINRA Rule 13200 required the dispute to be

arbitrated through FINRA, Miller obtained a temporary restraining order against

Walker in state court and concurrently filed a statement of claim with FINRA

Dispute Resolution. In his statement of claim, Miller averred that Walker had

breached contracts, breached fiduciary duties, and misappropriated trade

secrets, and he sought permanent injunctive relief and attorneys’ fees. Walker

filed an answering statement that contained general and specific denials,

affirmative defenses, and his own request for attorneys’ fees. Both sides also

signed a FINRA Arbitration Submission Agreement, agreeing to “submit the

present matter in controversy, as set forth in the attached statement of claim,

answers, and all related [other claims], to arbitration in accordance with the

FINRA By-Laws, Rules, and Code of Arbitration Procedure.” Miller nonsuited his

state-court action after a FINRA arbitration panel was selected.

After a hearing on June 22, 2015, the panel issued an order granting in

part Miller’s request for a permanent injunction. Later, on August 11, 2015, the

panel held a full-day evidentiary hearing on damages, costs, and attorneys’ fees.

In addition to some testimonial evidence about attorneys’ fees, both sides

submitted an affidavit or declaration in support of attorneys’ fees and costs.

Miller’s attorney’s declaration sought reasonable attorneys’ fees in the amount of

3 $95,965.90, and Walker’s attorney’s affidavit sought attorneys’ fees and costs in

the amount of $150,025.00.

The panel issued its award on September 1, 2015, awarding Miller

compensatory damages in the amount of $76,238.49 and attorneys’ fees and

costs in the amount of $95,965.50. The award stated that Walker was liable for

the attorneys’ fees “pursuant to Texas Civil Practice and Remedies Code Section

38.001.” Walker paid the compensatory-damages portion of the award but filed a

petition in state court, pursuant to the Federal Arbitration Act (FAA), to vacate or,

alternatively, to modify or correct the attorneys’-fees portion of the award.

In his petition to vacate, Walker argued that in awarding Miller attorneys’

fees, the panel had exceeded its authority under section IX(7) of the AFA

Agreement because that provision permitted attorneys’ fees incurred in an

arbitration to be awarded to Walker or to Ameriprise but not to Miller.1 According

to Walker, “There was simply no authority in the AFA Agreement for the Panel to

require Mr. Walker to pay Mr. Miller’s attorneys’ fees.” Citing a choice-of-law

provision, Walker alternatively argued that the panel had exceeded its authority

under the AFA Agreement by basing its attorneys’-fees award on a Texas statute

(civil practice and remedies code section 38.001) instead of on Minnesota law,

1 Section IX(7) states in relevant part, “You [Walker] and Ameriprise Financial shall each be responsible for their own costs of legal representation, if any[,] except where such costs of legal representation may be awarded as a statutory remedy by the arbitrator.”

4 which does not contain a statute like section 38.001. In his petition to modify or

correct the attorneys’-fees portion of the award, Walker argued that the award

should be reduced by $17,400.50 because there was an evident, material

miscalculation of figures.

Miller responded to each of Walker’s arguments and additionally asked the

trial court to sanction Walker under rule of civil procedure 13 and civil practice

and remedies code chapter 10 for filing a frivolous petition to vacate the

attorneys’ fees. The trial court vacated the attorneys’-fees portion of the award

and denied all other relief, including Miller’s motion for sanctions and

accompanying request for attorneys’ fees incurred as a result of Walker’s petition

to vacate.

III. AUTHORITY TO AWARD ATTORNEYS’ FEES

In his first issue, Miller argues that the panel did not exceed its authority by

awarding him attorneys’ fees because the arbitration was conducted under

FINRA rules, which allow an award of attorneys’ fees, not pursuant to the AFA

Agreement, which expressly excluded from arbitration the claims that Miller

alleged against Walker. Alternatively, Miller contends that even if the AFA

Agreement and its section IX(7) controlled, the parties authorized the panel to

award him attorneys’ fees because both sides submitted requests for attorneys’

fees and Walker neither objected to Miller’s request for attorneys’ fees nor

claimed that the panel lacked the authority to award Miller attorneys’ fees. Miller

5 argues that having obtained an unfavorable result, Walker cannot now complain

that the panel exceeded its authority.

Walker responds that although the arbitration was brought under the

FINRA rules, the AFA Agreement nevertheless controlled whether the panel

could award attorneys’ fees. Walker argues that the panel had no authority to

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Scott A. Miller v. Jeremy J. Walker, D/B/A Maverick Wealth Management, Counsel Stack Legal Research, https://law.counselstack.com/opinion/scott-a-miller-v-jeremy-j-walker-dba-maverick-wealth-management-texapp-2018.