Troy Good, Stan Starnes, and Nobilis Group, Inc. v. Accela Capital Services, Inc., Derivatively on Behalf of Dent Zone, Inc.

Court of Appeals of Texas·Decided August 24, 2021·No. 05-20-01097-CV·Published

Opinion

Affirmed and Opinion Filed August 24, 2021

S In The Court of Appeals Fifth District of Texas at Dallas No. 05-20-01097-CV

TROY GOOD, STAN STARNES, AND NOBILIS GROUP, INC., Appellants V. ACCELA CAPITAL SERVICES, INC., DERIVATIVELY ON BEHALF OF DENT ZONE, INC., Appellee

On Appeal from the 44th Judicial District Court Dallas County, Texas Trial Court Cause No. DC-20-12092

MEMORANDUM OPINION Before Justices Myers, Partida-Kipness, and Garcia Opinion by Justice Partida-Kipness In this interlocutory appeal, appellants contend the trial court erred in denying

their motion to dismiss under the Texas Citizens Participation Act (TCPA). Appellee

brought a shareholder derivative action against appellants alleging breach of

fiduciary duties arising from alleged self-dealing by officers of Dent Zone, Inc.

Appellants moved to dismiss the claims by asserting that the transactions were

protected under the TCPA as an exercise of the right of association. The trial court

denied the motion. We affirm the trial court’s order. BACKGROUND

The entity at the center of this case, Dent Zone, Inc., was formed as a closely

held Texas corporation in 2007. Dent Zone provides paintless automotive dent repair

and operates as a “property and casualty” or “service agreement” company in

multiple states. Shortly after Dent Zone was incorporated, appellee Accela Capital

Services, Inc. (Accela) became the controlling shareholder and appointed its director

and president Tom Keffer as board chair. Keffer was removed from the board in

2015 and replaced by another Accela director, Ann Jensvold, and Troy Good and

Greg Hultgren. The new board appointed Good as CEO, Hultgren as CFO, Jensvold

as CIO, and Stan Starnes as COO. Jensvold was removed as CIO later in 2015 and

removed from the board in 2016. Starnes replaced Jensvold on the board. Hultgren

died in 2016, leaving Good and Starnes as the only Dent Zone directors.

As the basis for its lawsuit, Accela identifies a number of actions taken by

Good and Starnes that allegedly breached their fiduciary duties while they controlled

the Dent Zone board.1 These actions begin with the formation of Dent Zone’s Florida

subsidiary DZAF, Inc. Keffer and Good formed DZAF in 2013 to address a

regulatory concern in Florida. According to the parties, Florida law prevented Dent

Zone from operating in Florida as a Motor Vehicle Service Agreement Company

without providing certain disclosures. To avoid this requirement, Keffer and Good

1 We do not recite all of the events Accela alleges as the basis for its lawsuit but only certain events to provide context for our analysis. Furthermore, our recitation of facts and our characterization of the record is not meant to express any opinion on the merits of any claim or defense in this case. –2– formed DZAF to administer service contracts in Florida. DZAF paid a $500,000

bond to obtain regulatory approval as a “service agreement company.” The parties

disagree on the facts surrounding the funding of this bond and ownership of DZAF.

According to appellants, Keffer and Good each executed a $250,000 promissory

note to Dent Zone to fund the bond. Accela contends, however, that Dent Zone

loaned Good the money for the bond and later canceled the debt. Appellants also

contend that Keffer and Good each owned 50% of DZAF’s stock. Accela does not

contest the initial stock distribution but contends that Keffer and Good were merely

“nominal” owners of a shell company because Dent Zone provided all of the

personnel to DZAF for the work it allegedly performed and stripped all profit from

DZAF.

By 2016, all of Keffer’s DZAF stock had been transferred to Good. Good then

exchanged his DZAF shares for Dent Zone shares, thus making Dent Zone the sole

owner of DZAF. According to appellants, Florida insurance regulations required

Dent Zone, as DZAF’s owner, to report background information on all shareholders

with at least a 10% interest in the company. Accela was one such shareholder. To

reduce Accela’s interest and avoid the reporting requirement, Accela sold 500,000

shares of Dent Zone stock to Good, and Dent Zone issued 500,000 “restricted” shares

to other shareholders. The Florida Office of Insurance Regulation approved Dent

Zone’s ownership of DZAF.

–3– The “restricted” shares were subject to forfeiture on January 5, 2019, and

forfeiture would leave Accela again owning more than 10% of Dent Zone and

subject to the reporting requirement. As the forfeiture date approached, Accela did

not provide the required background information, and Dent Zone issued additional

“restricted” shares to maintain Accela’s diluted interest. When the new “restricted”

shares expired a short time later, Accela still had not provided the required

background information. To maintain regulatory compliance, the board reversed

Dent Zone’s purchase of DZAF by transferring all DZAF stock back to Good. The

Florida Office of Insurance Regulation approved of the ownership change. Although

appellants contend these transactions were necessary to meet Florida’s insurance

regulations, Accela contends they were unnecessary and served only to transfer

ownership of DZAF back to Good, who did nothing to return it to Dent Zone.

Also in 2016, Starnes formed Nobilis Group, Inc. with the Good Family

Living Trust and two other investors. Each investor contributed their Dent Zone

stock to Nobilis, thus making Nobilis the owner of approximately 80% of Dent

Zone’s stock. According to appellants, Nobilis provides “administration services” in

states where Dent Zone could not, due to “contractual liability insurance policy”

restrictions. Accela contends that appellants enriched Nobilis at Dent Zone’s

expense. Specifically, Accela contends appellants moved Dent Zone employees to

Nobilis and required Dent Zone to lease them back at a higher rate; extended Nobilis

an $8 million line of credit with below-market terms and an unreasonable $15,000

–4– cap on attorney’s fees; and transferred Dent Zone’s assets to Nobilis for inadequate

consideration. Appellants contend, however, that Dent Zone outsourced its

employees to Nobilis to reduce Dent Zone’s expenses and employee liabilities; the

line of credit is current and not in default; and the transferred assets were

underperforming for Dent Zone.

Accela also contends that appellants used money loaned by Dent Zone to buy

additional stock from Dent Zone shareholders and further consolidate their

ownership of Dent Zone through Nobilis. According to Accela, these loans

contained unreasonable terms, such as extended payment schedules and below-

market interest rates, and the stock purchases usurped Dent Zone’s opportunity to

repurchase its stock. In one such transaction, Accela alleges that Dent Zone bought

shares from Hultgren for $2,600,000, paying $1,000,000 in cash and issuing a note

for the remainder. Accela alleges that Dent Zone then assigned the stock to Good in

exchange for a promissory note under which Good would pay $400,000 per year for

six and a half years. Appellants contend, however, the purchases were made to dilute

Accela’s interest in Dent Zone and keep Dent Zone and DZAF compliant with state

insurance reporting requirements. Moreover, appellants contend the board approved

the promissory notes.

Based on these, and other events, Accela filed its original petition asserting

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Troy Good, Stan Starnes, and Nobilis Group, Inc. v. Accela Capital Services, Inc., Derivatively on Behalf of Dent Zone, Inc., (Tex. Ct. App. 2021).

Troy Good, Stan Starnes, and Nobilis Group, Inc. v. Accela Capital Services, Inc., Derivatively on Behalf of Dent Zone, Inc. (Troy Good, Stan Starnes, and Nobilis Group, Inc. v. Accela Capital Services, Inc., Derivatively on Behalf of Dent Zone, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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