Acceleprise Accelerator Fund III, L.P. v. Alethea Tech PTE Ltd

District Court, S.D. New York·Decided November 7, 2025·No. 1:25-cv-02066·Unknown

Opinion

ELECTRONICALLY FIL DOC #: DATE FILED:_11/7/2 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

ACCELEPRISE ACCELERATOR FUND III, L.P., 25 Civ. 2066 (VM) Plaintiff, DECISION AND ORDER - against - ALETHEA TECH PTE LTD, Defendant.

VICTOR MARRERO, United States District Judge. Plaintiff Acceleprise Accelerator Fund III, L.P. (“Acceleprise”), brought this action against defendant Alethea Tech PTE Ltd (“Alethea”) in the Supreme Court of New York, New York County (“State Court”) on August 23, 2024. (See “State Court Complaint,” Dkt. No. 1-1.) On March 12, 2025, Alethea timely removed the case from State Court to this Court under 28 U.S.C. § 1441(b) on the ground that this Court has diversity jurisdiction over this action under 28 U.S.C. § 1332 (“Section 1332”). (See “Notice of Removal,” Dkt. No. 1.) Acceleprise now moves, under 28 U.S.C. § 1447(c) (“Section 1447”), to remand this action to the State Court and for an award of attorneys’ fees incurred in connection with its motion to remand. (See Dkt. Nos. 5, 6, 15.) Alethea consents to remand, conceding that the parties lack complete diversity and that there is therefore no basis for federal jurisdiction, but opposes the award of attorneys’ fees. (See

Dkt. No. 12 at 2-3.) The case will be remanded. Because the Court finds that Alethea lacked an objectively reasonable basis for removing this action, Acceleprise’s motion for attorneys’ fees is granted. I. BACKGROUND On August 23, 2024, Acceleprise brought this action

against Alethea in New York State Court, alleging breach of contract and conversion. (See State Court Complaint.) Acceleprise is a limited partnership investment fund. (See id. at ¶ 1.) Alethea is a Singapore-based technology company in which Acceleprise invested. (See id. at ¶¶ 3-4.) On March 12, 2025, Alethea removed this action to this Court, alleging that this Court has diversity jurisdiction under Section 1332. (See Notice of Removal at 3-5.) Acceleprise now moves to remand, arguing that this Court does not have diversity jurisdiction over this matter because one of Acceleprise’s limited partners is a Canadian citizen and Alethea is a limited company of similarly foreign

citizenship. (See Dkt. No. 6 at 8-11.) Acceleprise also moves for an award of attorneys’ fees pursuant to Section 1447(c). (See id. at 11-14.) Alethea consents to remand, agreeing that this Court lacks subject matter jurisdiction over the action, but opposes the award of attorneys’ fees. (See Dkt. No. 12 at 2-3.) II. DISCUSSION A. REMAND TO STATE COURT As both parties now agree, diversity of citizenship does not exist to support the exercise of federal jurisdiction over this action because one of Acceleprise’s limited partners is a foreign citizen and Alethea is a foreign entity. See, e.g., Universal Licensing Corp. v. Paola del Lungo

S.p.A., 293 F.3d 579, 581 (2d Cir. 2002). Accordingly, this case will be remanded. B. AWARD OF ATTORNEYS’ FEES Under Section 1447(c), “[a]n order remanding the case may require payment of just costs and any actual expenses, including attorney fees, incurred as a result of the removal.” 28 U.S.C. § 1447(c). “Absent unusual circumstances, courts may award attorney’s fees under [Section] 1447(c) only where the removing party lacked an objectively reasonable basis for seeking removal.” Martin v. Franklin Cap. Corp., 546 U.S. 132, 141 (2005). The Second Circuit has stated that a

defendant lacks an objectively reasonable basis for seeking removal where “clearly established law . . . foreclose[d] [the] defendant’s basis for removal.” Williams v. Int’l Gun- A-Rama, 416 F. App’x 97, 99 (2d Cir. 2011) (quoting Lott v. Pfizer, Inc., 492 F.3d 789, 793 (7th Cir. 2007)). In determining whether to grant a request for attorneys’ fees under Section 1447(c), the Court must consider “the desire to deter removals sought for the purpose of prolonging litigation and imposing costs on the opposing party” as well as “Congress’s basic decision to afford defendants a right to remove as a general matter.” Martin, 546 U.S. at 140.

Although a close call, Alethea lacked an objectively reasonable basis for removal. It is well established that the citizenship of a limited partnership for purposes of diversity jurisdiction is determined by the citizenship of its partners. See, e.g., Platinum-Montaur Life Scis., LLC v. Navidea Biopharmaceuticals, Inc., 943 F.3d 613, 615 (2d Cir. 2019) (citing Carden v. Arkoma Assocs., 494 U.S. 185, 195-96 (1990)); Handelsman v. Bedford Vill. Assocs. Ltd. P’ship, 213 F.3d 48, 51-52 (2d Cir. 2000). Alethea recognized as much in its notice of removal. (See Notice of Removal at 3.) But Alethea failed to include in its notice of removal any allegations as to the citizenship of Acceleprise’s partners.

Given the long-established standard for the citizenship of limited partnerships for diversity purposes – a standard of which Alethea’s counsel should have been and was in fact aware – this Court cannot say that Alethea had an “objectively reasonable basis” for seeking removal. Martin, 546 U.S. at 141. Additionally, an award of attorneys’ fees here serves the purpose of “deter[ring] removals sought for the purpose of prolonging litigation and imposing costs on the opposing party.” Martin, 546 U.S. at 140. The day after Alethea filed its notice of removal on March 12, 2025, Acceleprise informed

Alethea that removal was improper due to the existence of Acceleprise’s Canadian limited partner. (See Dkt No. 7 at ¶ 9; Dkt. No. 7-1.) Following Alethea’s request for additional information, Acceleprise provided Alethea with a spreadsheet identifying one of its limited partners as having Canadian citizenship and a sworn declaration attesting to the Canadian citizenship and residence of the limited partner. (See Dkt. Nos. 7-2, 7-3.) Despite the information provided by Acceleprise, Alethea did not consent to remand until its April 23, 2025, Response to Acceleprise’s Motion. (See Dkt. No. 12.) Alethea’s actions in prolonging litigation following its improper removal support an award of attorneys’ fees. See

Prescia v. U.S. Life Ins. Co., No. 10-CV-2518, 2011 WL 70569, at *2 (S.D.N.Y. Jan. 6, 2011). Alethea offers two arguments as to why an award of attorneys’ fees is not warranted. First, Alethea argues that its assertion of diversity jurisdiction as the basis for removal was reasonable as it relied on statements in Acceleprise’s State Court Complaint that Alethea is a foreign company and Acceleprise is a “Delaware limited partnership” whose management company “was and remains an entity that is located in and does business in the State of New York.” (See id. at 10-11.) Given those allegations, Alethea argues, it was not required to look beyond the Complaint in asserting

that diversity of citizenship existed. (See id. at 11-12, 14.) Courts in this District have denied requests for attorneys’ fees following improper removal where “relying on the complaint . . . [d]efendants could reasonably infer” that the parties were diverse. JS Barkats PLLC v. Blue Sphere Corp., No.

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Acceleprise Accelerator Fund III, L.P. v. Alethea Tech PTE Ltd, (S.D.N.Y. 2025).

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Related

Carden v. Arkoma Associates
494 U.S. 185 (Supreme Court, 1990)
Martin v. Franklin Capital Corp.
546 U.S. 132 (Supreme Court, 2005)
Williams v. International Gun-A-Rama
416 F. App'x 97 (Second Circuit, 2011)
Lott v. Pfizer, Inc.
492 F.3d 789 (Seventh Circuit, 2007)
Universal Licensing Corp. v. Paola del Lungo S.p.A.
293 F.3d 579 (Second Circuit, 2002)