Kim Hammond and Milnel Foundation, Inc. v. Ian S. Leopold, Pridewear LLC, and American Collegiate Sports LLC

CourtDistrict Court, D. Maryland
DecidedDecember 1, 2025
Docket1:25-cv-00336
StatusUnknown

This text of Kim Hammond and Milnel Foundation, Inc. v. Ian S. Leopold, Pridewear LLC, and American Collegiate Sports LLC (Kim Hammond and Milnel Foundation, Inc. v. Ian S. Leopold, Pridewear LLC, and American Collegiate Sports LLC) is published on Counsel Stack Legal Research, covering District Court, D. Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Kim Hammond and Milnel Foundation, Inc. v. Ian S. Leopold, Pridewear LLC, and American Collegiate Sports LLC, (D. Md. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND

KIM HAMMOND and * MILNEL FOUNDATION, INC., * Plaintiffs, * v. Civil Action No. RDB-25-336 * IAN S. LEOPOLD, PRIDEWEAR LLC, and * AMERICAN COLLEGIATE SPORTS LLC, * Defendants. * * * * * * * * * * * * * * MEMORANDUM OPINION On February 4, 2025, Plaintiffs Kim Hammond and the Milnel Foundation, Incorporated, filed an eight-count Complaint (ECF No. 1) against Defendants Ian S. Leopold, Pridewear LLC, and American Collegiate Sports LLC. The crux of this case is that, from February 2015 to March 2020, Plaintiffs allegedly invested upwards of one million dollars in Defendant Pridewear, a clothing company aimed at first responders. Plaintiffs allege that Leopold, Pridewear’s principal, induced them to invest and then mismanaged and misappropriated the funds, causing them to suffer actual damages in excess of one million dollars, plus further consequential damages. As relevant here, Plaintiffs invested in increments, with at least twelve transfers made over the six-year frame. One of those investments came in the form of Hammond’s purchase of $100,000.00 worth of equity in Pridewear via a Common Unit and Warrant Purchase Agreement (the “Agreement”) executed April 29, 2019. Among its other terms, the Agreement included a forum-selection clause setting exclusive jurisdiction in the state courts of New York and the United States District Court for the Southern District of New York for all cases “arising out of or based upon” the Agreement. (ECF No. 17-4 at 9 § 6.12)

Presently pending is Defendants’ Motion to Dismiss for improper venue or, in the alternative, to transfer this case to the United States District Court for the Southern District of New York. (ECF No. 17) Specifically, Defendants seek dismissal under three theories. First, they argue that this Court is an improper venue under 28 U.S.C. § 1391(b), making dismissal proper under 28 U.S.C. § 1406(a). (ECF No. 17-1 at 11–12) Second, they argue that the forum- selection clause in the Common Unit and Warrant Purchase Agreement is valid and

enforceable by dismissing the case. (Id. at 12–19) Third, they assert that dismissal is proper because of the doctrine of forum non conveniens. (Id. at 19–20) Defendants also seek the alternative relief of transfer to the United States District Court for the Southern District of New York under 28 U.S.C. § 1404(a). The Court has jurisdiction pursuant to 28 U.S.C. § 1332(a).1 The Court has reviewed the parties’ submissions; no hearing is necessary. See Loc. R. 105.6 (D. Md. 2025). Clear

precedent from the United States Supreme Court controls this case. See Atl. Marine Const. Co. v. U.S. Dist. Ct. for the W. Dist. of Tex., 571 U.S. 49, 52 (2013). The forum-selection clause in the Common Unit and Warrant Purchase Agreement is valid, enforceable, and covers the

1 Plaintiff Hammond is a Maryland citizen. (ECF No. 18-1 ¶ 2) Plaintiff the Milnel Foundation, Incorporated, is a Maryland charitable foundation incorporated and with its principal office in Maryland. (ECF No. 1 ¶ 4) Hammond is Milnel’s principal. (ECF No. 18-1 ¶ 3) Defendant Leopold is a citizen of California. (Id. ¶ 1) Defendants Pridewear LLC and American Collegiate Sports LLC are limited liability companies incorporated in Delaware; each company’s principal place of business is in California. (Id. ¶ 2) The amount in controversy exceeds $75,000. See 28 U.S.C. § 1332(a). (Id. at 15) entirety of Plaintiffs’ Complaint (ECF No. 1). Nevertheless, Atlantic Marine instructs that this case should be transferred and not dismissed. See 571 U.S. at 52. Accordingly, Defendants’ Motion to Dismiss (ECF No. 17) is DENIED. This Court TRANSFERS this case to the

United States District Court for the Southern District of New York. BACKGROUND A federal court ruling on a motion to dismiss for improper venue need not accept the pleadings as true. Sucampo Pharms., Inc. v. Astellas Pharma, Inc., 471 F.3d 544, 549–50 (4th Cir. 2006) (quoting Argueta v. Banco Mexicano, S.A., 87 F.3d 320, 324 (4th Cir. 1996)). Rather, a court may “freely consider” outside evidence. Id. at 549. Nevertheless, a court “must still draw

all reasonable inferences in the light most favorable to the plaintiff.” CoStar Realty Info., Inc. v. Field, 612 F. Supp. 2d 660, 672 (D. Md. 2009). I. General Factual Background This case arises out of a series of investments that Plaintiffs, Kim Hammond and the Milnel Foundation, Incorporated,2 made in Defendant Pridewear LLC from February 2015 to March 2020. (ECF No. 1 ¶¶ 7–9) Plaintiffs allege that Defendant Leopold made false

misrepresentations which induced them to invest. (Id.) The Complaint asserts that on or about January 1, 2015, Leopold initiated discussions with Plaintiffs in which he encouraged them to invest in Pridewear, an apparel company aimed at first responders. (Id. ¶ 7) Plaintiffs assert that because of Leopold’s false misrepresentations about the use of the funds, they invested a

2 The Complaint (ECF No. 1) does not make clear what the Milnel Foundation’s charitable aims are. It states only that Milnel is Maryland a charitable foundation and that Hammond is a trustee and beneficiary. (Id. ¶¶ 3–4) In his affidavit, Hammond asserts that he is Milnel’s principal. (ECF No. 18-1 ¶ 3) total $945,075.00 in Pridewear. (Id. ¶ 9) Specifically, the Complaint alleges that Plaintiffs invested $333,427.00 to receive convertible debt shares with an annual interest rate and rate of return of eight percent. (Id.) They claim that they invested another $611,648.00 to purchase

equity in Pridewear. (Id.) The Complaint alleges that Leopold has failed to manage the investments in a reasonable manner and failed to utilize them for their proper purposes. (Id. ¶ 10) Instead, Plaintiffs assert, Leopold converted the invested monies, diverting them from their intended uses to the benefit of Defendant American Collegiate Sports LLC, Leopold’s personal use, and for the personal uses of other persons associated with Pridewear. (Id.) They claim that

Defendants have failed to provide any payments of interest on the convertible debt shares or in the form of distributions on the shares of equity. (Id.) Finally, Plaintiffs assert that Defendants have failed to keep them apprised of the status of their investments and have refused to return the invested monies as requested by Plaintiffs on January 30, 2025. (Id.) The parties seriously contest the provenance, timing, dollar amount, and number of investments. Both Leopold and Hammond attach affidavits to their pleadings that purport to

set out an exact accounting of the monies transferred by Hammond to Pridewear from as early as February 2015 to as late as January 2021.3 For the purposes of deciding this Motion to

3 Leopold’s affidavit asserts that Hammond invested a total of $945,075.00 over twelve payments from February 2015 to March 2020. (ECF No. 17-2 ¶ 19) Both the timing of the investments and the total investment amount are consistent with the Complaint, see (ECF No. 1 ¶ 9 (“Over the period of February 2015 through March 2020, . . . Plaintiffs made investments totaling [$945,075.00].”).

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Bluebook (online)
Kim Hammond and Milnel Foundation, Inc. v. Ian S. Leopold, Pridewear LLC, and American Collegiate Sports LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/kim-hammond-and-milnel-foundation-inc-v-ian-s-leopold-pridewear-llc-mdd-2025.