Fenix Capital Funding, LLC v. Phlllips Dev. & Events, LLC

2024 NY Slip Op 30325(U)
CourtNew York Supreme Court, Kings County
DecidedJanuary 25, 2024
StatusUnpublished

This text of 2024 NY Slip Op 30325(U) (Fenix Capital Funding, LLC v. Phlllips Dev. & Events, LLC) is published on Counsel Stack Legal Research, covering New York Supreme Court, Kings County primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fenix Capital Funding, LLC v. Phlllips Dev. & Events, LLC, 2024 NY Slip Op 30325(U) (N.Y. Super. Ct. 2024).

Opinion

Fenix Capital Funding, LLC v Phlllips Dev. & Events, LLC 2024 NY Slip Op 30325(U) January 25, 2024 Supreme Court, Kings County Docket Number: Index No. 535560/2022 Judge: Francois A. Rivera Cases posted with a "30000" identifier, i.e., 2013 NY Slip Op 30001(U), are republished from various New York State and local government sources, including the New York State Unified Court System's eCourts Service. This opinion is uncorrected and not selected for official publication. FILED: KINGS COUNTY CLERK 01/26/2024 12:04 PM INDEX NO. 535560/2022 NYSCEF DOC. NO. 22 RECEIVED NYSCEF: 01/26/2024

At an IAS Tenn, Part 52 of the Supreme Court of the State of New York, held in and for the County of Kings, at the Courthouse, at Civic Center, Brooklyn, New York, on the 25 th day of January 2024

HONORABLE FRANCOIS A. RJVERA ----------------------------------------------------------·-------X . FENIX CAPITAL FUNDING, LLC,

Plaintiff, DECISION & ORDER Index No. 535560/2022 -against-

PHlLLIPS DEVELOPMENT & EVENTS, LLC /OBA: SOMETHING FISHY, PHILLIP WATERS DEVELOPMENT LLC, TERENCE D PHILLIPS, AND PATRICE F PHILLIPS, I

Defendants. ---------------------------------------------------------------------X Recitation in accordance with CPLR 2219 (a) of the papers considered on the notice of motion filed on September 7, 2023, by Fenix Capital Funding LLC (hereinafter the plaintiff) for an order pursuant to CPLR 3212 granting summary judgment in its favor on its causes of action for breach of contract, unjust enrichment and fraud as asserted against defendants Phillips Development & Events, LLC /D/B/A: Something Fishy, Phillip Waters Development LLC, Terence D Phillips, and Patrice F Phillips. The motion is unopposed.

-Notice of Motion -Affirmation in Support -Affidavit in Support Exhibits A-C -Statement of Material Facts

BACKGROUND

The verified complaint alleges thirty-four allegations of fact m support of three

denominated causes of action. The first is for breach of contract, the second is for unjust

enrichment and the third alleges .fraud.

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The verified complaint aI!eges the following salient facts. Pursuant to a receivable

purchase agreement (hereinafter the ·agreement) and personal guaranty dated April 27, 2022, the

plaintiff purchased from Phillips Development & Events, LLC /DBA: Something Fishy

(herei~after Something Fishy) its future accounts receivable for the sum of$ 90,ooo:oo.

On or about April 27, 2022, in consideration of the sum of$ 90,000.00, Something Fishy

sold, assigned, and transferred to plaintiff seventeen (17 %) percent of its future sales proceeds,

up to an aggregate amount of$ I I 6, I 00.00. By the agreement Terrence D Phi II ips and Patrice F.

Phillips executed a personal guarantee if Something Fishy defaulted.

On November 25, 2022, Something Fishy defaulted under the agreement by failing to remit

its sales proceeds to the plaintiff as provided for in the agreement. In total, Something Fishy

remitted the amount of$ 55,381.66 in accordance with the agreement, leaving a balance of$

60, 7 I 8.34 remaining due and owing.

Accordingly, there is now due and payable to plaintiff, by the defendants, the princi·pal

balance sum of$ 60,718.34, contractual default fees and penalties, and nonsufficient fund fees in

the amount of $ 1, 150.00, together with interest from November 25, 2022, and reasonable

attorneys' fees and costs and disbursements of this action.

LAW AND APPLICATION

There is no opposition to the instant motion. However, a summary judgment motion should

not be granted merely because the party against whom judgment is sought failed to submit papers

in opposition to the motion, i.e. defaulted (Liberty Taxi Mgt., Inc. v Gincherman, 32 AD3d 276,

278 n [1st Dept 2006], citing Vermont Teddy Bear Co., v 1--800 Beargram Co., 373 F3d 241 [2nd

Cir 2004] ["the failure to oppose a motion for summary judgment alone does not justify the

granting of summary judgment. Instead, the ... court must still assess whether the moving party

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has fulfilled its burden of demonstrating that there .is no genuine iss~e of material fact and its

entitlement to judgment as a matter of law"]; see Cugini v System Lumber Co., Inc., 111 AD2d

114 [1st Dept 1985]).

It is well established that summary judgment may be granted only when no triable issue of

fact exists (Alvarez v Prospect Hospital, 68 NY2d 320 [1986]). The burden is upon the moving

party to make a prima facie showing that he or she is entitled to summary judgment as a matter of

law by presenting evidence in admissible form demonstrating the absence of material facts

(Guiffirda v Citibank, 100 NY2d 72 [2003]).

A failure to make that showing requires the denial of the summary judgment motion,

_regardless of the adequacy of the opposing papers (Ayotte v Gervasio, 81 NY2d 1062 [1993]). If

prima facie showing has been made, the burden shifts to the opposing party to produce evidentiary

proof sufficient to estabHsh the existence of material issues of fact (Alvarez, 68 NY2d at 324).

Pursuant to CPLR 3212 (b), a court will grant a motion for summary judgment upon a

determination that the movant's papers justify holding, as a matter of law, that there is no defense

to the cause of action or that the cause of action or defense has no merit. Furthermore, all of the

evidence must be viewed in the light most favorable to the opponent of the motion (Marine

Midland Bank v Dino & Artie's _Automatic Transmission Co., 168 AD2d 610 [2nd Dept 1990]).

In the case at bar, the only sworn testimony submitted by the plaintiff in support of the

motion was an affirmation of Maksim Leyvi, its counsel (herenafter Leyvi), and an affidavit of

Alexander Ryvkin, its chief legal officer (hereinafter Ryvkin). Leyvi's affirmation demonstrates

no personal knowledge of any of the transactional facts alleged in the complaint. An attorney's

affirmation that is not based upon personal knowledge is of no probative or evidentiary

significance (Nerayoffv Khorshad, 168 AD3d 866, 867 [2d Dept 2019], citing Warrington v Ryder

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Truck Rental, Inc., 35 AD3d 455, 456 [2d Dept 2006]). Leyvi 's affirmation states that the facts in

support of the motion are contained in the affidavit ofRyvkin.

Ryvkin verified the complaint in the instant action. Neither the verified complaint nor

the affidavit of Ryvkin averred that the agreed upon purchase price of $90,000.00 for the

defendant's future receivables was actually paid to the defendants. Nor did the plaintiffs

evidentiary submission demonstrate that it was actually paid. Consequently, the plaintiff did not . .

demonstrate its own performance pursuant to the agreement. A fortiori, plaintiff did not a make

prima facie showing of the merchant's breach of the agreement.

Breach of Contract

· The e~sential elements of a cause of action to recover damages for breach of contract are

the existence of a contract, the plaintiffs performance pursuant to the contract, the defendant's

breach of its contractual obligations, and damages resulting from the breach (see Cruz v Cruz,

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Bluebook (online)
2024 NY Slip Op 30325(U), Counsel Stack Legal Research, https://law.counselstack.com/opinion/fenix-capital-funding-llc-v-phlllips-dev-events-llc-nysupctkings-2024.