21st Century Financial Services, LLC v. Manchester Financial Bank

ORDER DENYING MOTION TO ADD MANCHESTER FINANCIAL GROUP, INC. AS AN ADDITIONAL JUDGMENT DEBTOR

[ECF No. 56]

Before the Court is Plaintiffs motion to add Manchester Financial Group, Inc. (“Manchester, Inc.”), as a judgment debt- or. (ECF No. 56.) For the reasons below, Plaintiffs motion will be denied.

1. BACKGROUND

This case has a lengthy history that includes an arbitrated contractual dispute, post-arbitration proceedings in Texas federal district court, 1 and an appeal to the United States Court of Appeals for the Fifth Circuit, 2 culminating in these post-judgment collection proceedings. As the case history is both extensive and familiar to the parties, the Court recites here only *1018 those aspects relevant to the current motion. •

A group of individuals, including Doug Manchester, Richard Gibbons, and Steve Strauss, sought to charter a bank, to be called Manchester. Financial Bank, N.A. 3 In February 2008, the Bank 4 entered into an “Agreement for Computer Processing Services” (the “Agreement”) with 21st Century Financial Services, LLC (hereafter “Plaintiff’ or “21st Century”). 5 The Agreement included an arbitration provision and was signed by Frederick Mandel-baum, a…