First Fed Bank v. Kdawg Crypto LLC

CourtDistrict Court, W.D. Washington
DecidedDecember 3, 2024
Docket2:24-cv-01389
StatusUnknown

This text of First Fed Bank v. Kdawg Crypto LLC (First Fed Bank v. Kdawg Crypto LLC) is published on Counsel Stack Legal Research, covering District Court, W.D. Washington primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
First Fed Bank v. Kdawg Crypto LLC, (W.D. Wash. 2024).

Opinion

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3 UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON 4 AT TACOMA 5 FIRST FED BANK, 6 Plaintiff, v. 3:24-cv-05729-TL 7 BLC WATER COMPANY LLC; ORDER 8 BRIAN S. CHU; and LARINA H. CHU, 9 Defendants. FIRST FED BANK, 10 Plaintiff, 11 v. INDIANA WATER TECHNOLOGY 3:24-cv-05730-TL 12 LLC; DAVID A. SCHROEDER; and SARAH SCHROEDER, 13 Defendants. 14 FIRST FED BANK, 15 Plaintiff, v. 16 3:24-cv-05731-TL ROYAL RESERVOIRS, LLC; and 17 DEREN FLESHER, Defendants. 18 FIRST FED BANK, 19 Plaintiff, 20 v. 3:24-cv-05732-TL COLEWSTECH, LLC; RCWSTECH 21 1157, LLC; and RONALD N. COLE, Defendants. 22 1 FIRST FED BANK, 2 Plaintiff, v. 3:24-cv-05736-TL 3 CHAURISHI RETAIL ENTERPRISES, LLC; and BASANT KUMAR, 4 Defendants. 5 FIRST FED BANK, 6 Plaintiff, v. 2:24-cv-01389-TL1 7 KDAWG CRYPTO LLC; and KAREN 8 LAVIN, Defendants. 9

THIS MATTER comes before the Court on a motion (C24-5729, Dkt. No. 7) to 10 consolidate these six cases and to stay further proceedings pursuant to the abstention 11 doctrine set forth in Brillhart v. Excess Insurance Co. of America, 316 U.S. 491 (1942), 12 and its progeny. Having reviewed Plaintiff’s response (C24-5729, Dkt. No. 16), 13 14 Defendants’ reply (C24-5729, Dkt. No. 17), and the relevant record, the Court GRANTS Defendants’ motion. 15 16 I. CONSOLIDATION Pursuant to Federal Rule of Civil Procedure 42(a), the Court may consolidate 17 actions that involve a common question of law or fact. These six matters arise from the 18 19 20 1 This case was improperly commenced in the Seattle Division of this District. The operative pleading indicates that Plaintiff First Fed Bank has its principal place of business in Port Angeles, Washington, that Defendants Kdawg Crypto LLC and Karen Lavin are domiciled in 21 Connecticut, and that the loan in dispute was issued in Clallam County. First Fed Bank v. Kdawg Crypto LLC, No. C24-1389, Dkt. No. 1 ¶¶ 5–7, 10. Thus, Case No. C24-1389 should have been 22 assigned to the Tacoma Division. See LCR 3(e)(1). 1 same nucleus of facts and involve similar loans made in close temporal proximity by 2 plaintiff First Fed Bank (the “Bank”). The Bank does not oppose defendants’ motion to

3 consolidate these six cases. See C24-5729, Dkt. No. 16 at 2, 10. The Court concludes that 4 consolidation is appropriate. All future pleadings and other papers shall be filed in Case 5 No. C24-5729, captioned as “First Fed Bank v. BLC Water Company LLC, et al.” in the 6 Tacoma Division of the Western District of Washington. The other five related actions 7 shall be consolidated into Case No. C24-5729. 8 II. BRILLHART ABSTENTION

9 A. Background 10 In this litigation, the Bank seeks declaratory judgment concerning the validity and 11 enforceability of certain loan agreements and personal guaranties related to funds that 12 were “invested” in an alleged Ponzi scheme. The collapse of the supposed Ponzi scheme 13 spawned suits in several jurisdictions, including twelve consolidated actions commenced

14 in Snohomish County Superior Court and removed to this District, as well as numerous 15 cases pending in King County Superior Court. Each side here accuses the opposition of 16 forum shopping, but the record reflects that this dispute began in state court, continues in 17 state court, and belongs in state court. 18 In April 2024, seven “investors” initiated proceedings in Snohomish County

19 Superior Court against the alleged architects of the Ponzi scheme, namely Ryan R. Wear, 20 his wife Rebecca A. Swain, Kevin Nooney, and his wife Elizabeth Nooney, as well as 21 over thirty businesses, including Water Station Management LLC (“WSM”). See Dkt. 22 No. 8-3. The investors’ action subsequently expanded to assert claims against the Bank, 1 its parent company, and its officers and governors (the “First Fed Defendants”), was 2 consolidated with eleven other cases that did not involve the Bank and was removed by

3 the First Fed Defendants to this District as an alleged “mass action” pursuant to 28 U.S.C. 4 § 1453(b). See C24-1164, Dkt. Nos. 1, 1-1, 1-5. Meanwhile, in King County Superior 5 Court, the Bank successfully sought the appointment of receivers for two of the WSM- 6 related entities, namely Ideal Property Investments, LLC and Creative Technologies, 7 L.L.C. (see C24-5729, Dkt. Nos. 8-6 & 8-8), and it brought an action in King County 8 Superior Court against Founders Mosaic Partners LLC, Tyler Sadek,2 and Natalie Sadek

9 (collectively, the “Sadek Parties”), who had borrowed from the Bank to “invest” in the 10 WSM enterprise (see C24-5729, Dkt. No. 8-23). 11 Shortly after the First Fed Defendants removed the alleged “mass action” from 12 Snohomish County Superior Court to this District, all claims in that matter against the 13 First Fed Defendants were voluntarily dismissed without prejudice. See C24-1164, Dkt.

14 No. 10. The claims against the First Fed Defendants were reasserted in King County 15 Superior Court Case No. 24-2-20247-1 SEA (“King Case No. 20247-1”). See C24-5729, 16 Dkt. No. 8 ¶ 2; Dkt. No. 8-1. The plaintiffs in King Case No. 20247-1 (collectively, 17 “Borrowers”) consist of the defendants in the now consolidated declaratory judgment 18

19 2 Tyler Sadek commenced litigation in Hamilton County, Indiana against Wear (and his various businesses) to enforce a promissory note in the principal amount of $10,635,157.55, and was 20 granted partial summary judgment on June 27, 2024. See C24-1172, Dkt. No. 8-2. As a result, a court-appointed commissioner effectuated transfers on August 1, 2024, to Sadek of all membership interests in inter alia Creative Technologies L.L.C., Ideal Property Investments, 21 LLC, Refreshing USA LLC, and WSM. Id. Each of these entities is now in proceedings pursuant to Chapter 11 of the United States Bankruptcy Code, and the validity of these transfers will 22 likely be litigated during those proceedings. 1 action pending before the Court (Case No. C24-5729) and the Sadek Parties, as well as 2 Pacific Water Technology, LLC (“Pacific Water”), Kwansoo Lee, DDS PLLS, and

3 Kwansoo Lee (collectively, the “Pacific Water Parties”). See C24-5729, Dkt. No. 8-1. In 4 addition to being plaintiffs in King Case No. 20247-1, the Pacific Water Parties are 5 defendants in another declaratory judgment action similar to the six now before this 6 Court, which was filed by the Bank in King County Superior Court. See C24-5729, Dkt. 7 No. 8-17. 8 B. Discussion

9 Pursuant to the Declaratory Judgment Act (“DJA”), the Court “may declare the 10 rights and other legal relations of any interested party seeking such declaration, whether 11 or not further relief is or could be sought.” 28 U.S.C. § 2201. To be justiciable under the 12 DJA, a dispute must be “definite and concrete, touching the legal relations of parties 13 having adverse legal interests,” and must be “real and substantial,” seeking “specific

14 relief through a decree of conclusive character, as distinguished from an opinion advising 15 what the law would be upon a hypothetical state of facts.” See MedImmune, Inc. v. 16 Genentech, Inc., 549 U.S. 118, 127 (2007) (quoting Aetna Life Ins. Co. v. Haworth, 300 17 U.S. 227, 240-41 (1937)). Even when, as here, a suit satisfies the “case or controversy” 18 and other jurisdictional prerequisites, the Court may exercise its discretion to decline to

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First Fed Bank v. Kdawg Crypto LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/first-fed-bank-v-kdawg-crypto-llc-wawd-2024.