Jalak Jobanputra v. Yoon Kim and Mochi Capital, LLC

CourtDistrict Court, S.D. New York
DecidedApril 27, 2026
Docket1:21-cv-07071
StatusUnknown

This text of Jalak Jobanputra v. Yoon Kim and Mochi Capital, LLC (Jalak Jobanputra v. Yoon Kim and Mochi Capital, LLC) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Jalak Jobanputra v. Yoon Kim and Mochi Capital, LLC, (S.D.N.Y. 2026).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK JALAK JOBANPUTRA, Plaintiff, ~ against - OPINION & ORDER 21-cv-7071 (ER) YOON KIM and MOCHI CAPITAL, LLC, Defendants.

RAMOS, D.J.: Jalak Jobanputra brought claims against Yoon Kim and Mochi Capital, LLC (“Mochi,” and collectively, “Defendants”) for allegedly withholding her share of the profits resulting from the parties’ 2017 joint cryptocurrency investment venture on August 20, 2021. Doc. 1. Kim counterclaimed for breach of fiduciary duty, unjust enrichment, and quantum meruit resulting from Jobanputra’s creation of a new investment fund that included outside investors on October 28, 2022. Doc. 32. The Court ultimately dismissed all of Kim’s counterclaims. Docs. 71, 82. On September 18, 2025, the Court granted Jobanputra’s motion for summary judgment (the “Order’’) and directed the Clerk of the Court to enter judgment in favor of Jobanputra, Doc. 107, which the Clerk of the Court promptly did on September 19, 2025. Before the Court is Jobanputra’s motion to correct the Clerk’s Judgment, Doc. 108 (the “Judgment’’) pursuant to Federal Rule of Civil Procedure 60(a), or in the alternative Federal Rule of Civil Procedure 59(e). Doc. 109. Specifically, Jobanputra asks “the Court [to] conform the Judgment to the Order ... and include the sum certain to which the Court has ordered [Jobanputra] is entitled: 20% of the cash value of the tokens the parties earned from their cryptocurrency investments as of Defendants’ March 5, 2021 breach, or $4,057,449.41.” Doc. 110 at 5. She also requests that the Judgment include pre-judgment and post-judgment interest, both of which are mandatory pursuant to

statute, and which Jalak prayed for in her Complaint. For the reasons set forth below, Jobanputra’s motion is GRANTED. I. BACKGROUND The Court assumes familiarity with the facts and procedural posture of this action, previously set forth in Doc. 29 (Opinion & Order dated September 28, 2022), Doc. 82 (Opinion & Order dated May 8, 2024), and Doc. 108 (the Order). The relevant procedural history is set forth below. A. Procedural History Jobanputra commenced this action against Kim and Mochi on August 20, 2021, asserting claims of breach of contract, unjust enrichment, quantum meruit, and breach of fiduciary duty arising from Kim’s alleged failure to transfer Jobanputra’s share of the investment proceeds. Doc. 1. Kim and Mochi moved to dismiss all of Jobanputra’s claims on December 3, 2021. Doc. 19. On September 28, 2022, the Court dismissed the breach of fiduciary duty claim, as well as the breach of contract claim to the extent it was based on the breach of a joint venture agreement, but it otherwise denied Defendants’ motion. Doc. 29. Although the Court granted Jobanputra’s request for leave to amend her complaint, id. at 18-19, she did not so amend. Kim and Mochi answered the complaint on October 28, 2022, and Kim counterclaimed for breach of fiduciary duty. Doc. 32. He amended the counterclaims on January 26, 2023, adding additional counterclaims for unjust enrichment and quantum meruit. Doc. 37. Jobanputra moved to dismiss the amended counterclaims on March 23, 2023. Doc. 60. The Court granted Jobanputra’s motion to dismiss each of Kim’s counterclaims on August 21, 2023. Doc. 71. The Court held that Kim had not sufficiently pleaded that FP Capital.! was a joint venture, because while the counterclaim established

| FP Capital is a cryptocurrency assets venture capital fund created to expand Jobanputra’s and Kim’s joint business. Doc. 103 4 37.

the parties’ intent to be joint venturers, Kim failed to allege that each party had joint management control or that they agreed to share losses from FP Capital. /d. at 6-12. The Court granted Kim’s request for leave to amend his counterclaims. Doc. 71 at 13-14. On September 8, 2023, Kim amended his counterclaims a second time, asserting only breach of fiduciary duty. Doc. 74. To address the element of joint management control, he added an allegation that “[the parties] jointly controlled and managed the joint venture[,]” that both “were required to—and did—consult with each other before making important decisions regarding the venture[,]” including hiring management, and that both were “required to agree on any investments actually made by FP Capital ... consistent with written representations they both made to potential investors.” /d. □□□ 9-10. Jobanputra filed a motion to dismiss on September 22, 2023, arguing that the amended counterclaims were not sufficient to cure the prior pleading deficiencies, and that Kim still failed to sufficiently allege breach and damages. Doc. 75. On October 16, 2023, the Court granted the motion to dismiss the breach of fiduciary duty claim with prejudice. Doc. 82. On November 19, 2024, the parties jointly wrote to the Court seeking a briefing schedule for motions for summary judgment. Doc. 87. On December 19, 2024, Defendants filed their motion, seeking summary judgment on Jobanputra’s breach of contract claims as well as her unjust enrichment and quantum meruit claims. Doc. 90. That same day, Jobanputra filed her cross motion, seeking summary judgment on her breach of contract claim against Kim, and, in the alternative, on her quasi-contract claims. Doc. 93. The Court issued the Order on the motions for summary judgment on September 18, 2025, granting Jobanputra’s motion in full and denying Defendants’ motion. Doc. 107 at 21. Specifically, the Court held that since Kim had not sold any Polkadot (“DOT”) or Kusama (“KSM”) tokens, Jobanputra was “entitled to [20% of] the tokens themselves or their cash value.” Doc. 107 at 20. As to the third token, Blockstack (“STX”), the

Court held that Jobanputra was entitled to “20 percent of $253,249.595 minus the $25,000 that Kim initially invested in STX.” Doc. 107 at 21. The Court directed the Clerk of the Court to enter judgment in favor of Jobanputra. /d. The Judgment was silent as to any pre-judgment or post-judgment interest owed to Jobanputra. Jobanputra filed the instant motion, which 1s now fully briefed, on September 24, 2025. Doc. 109. Defendants appealed the Court’s Order and the Clerk’s Judgment on October 17, 2025. Doc. 115. On February 24, 2026, the Second Circuit issued a notice requiring a case status update, stating that “[s]ince at least one motion cited in FRAP 4(a)4 has been filed in the district court[,] this appeal is stayed pending resolution of the motion[].” Doc. 116. Il. LEGAL STANDARD A. Rule 60(a) Rule 60(a) of the Federal Rules of Civil Procedure (“Rule 60(a)”) allows a court to clarify a judgment. Under that rule, a court may provide “clarification and explanation, consistent with the intent of the original judgment, even in the absence of ambiguity, if necessary for enforcement[.]” L./. Head Start Child Development Services, Inc. v. Economic Opportunity Commission of Nassau County, Inc., 956 F. Supp. 2d 402, 410 (E.D.N.Y. 2013) (quoting Garamendi v. Henin, 683 F.3d 1069, 1079 (9th Cir. 2012)). Orders that clarify a judgment should “add certainty to an implicated party’s efforts to comply with the [original] order” or “provide fair warning as to what future conduct may be found contemptuous.” N.A. Sales Co., Inc. vy. Chapman Industries Corp.,

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Bluebook (online)
Jalak Jobanputra v. Yoon Kim and Mochi Capital, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/jalak-jobanputra-v-yoon-kim-and-mochi-capital-llc-nysd-2026.