LER Management LLC v. Daniel Huff

CourtDistrict Court, D. New Jersey
DecidedJune 17, 2026
Docket2:26-cv-03002
StatusUnknown

This text of LER Management LLC v. Daniel Huff (LER Management LLC v. Daniel Huff) is published on Counsel Stack Legal Research, covering District Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
LER Management LLC v. Daniel Huff, (D.N.J. 2026).

Opinion

NOT FOR PUBLICATION UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY : LER MANAGEMENT LLC, Plaintiff, : Civil Action No. 26-03002 (SRC) v. : OPINION & ORDER DANIEL HUFF, : Defendant. : : CHESLER, District Judge This matter comes before the Court on Defendant Daniel Huff’s (“Defendant”) motion to dismiss Plaintiff LER Management LLC’s (“Plaintiff”) Amended Complaint (Dkt. No. 16, “Complaint”) pursuant to Federal Rules of Civil Procedure 12(b)(6) (Dkt. No. 26, “Motion”). Plaintiff field a brief in opposition to the Motion. (Dkt. No. 31, “Opposition”). Defendant filed a brief in reply. (Dkt. No. 32, “Reply”). For the following reasons, Defendant’s Motion is GRANTED. I. FACTUAL AND PROCEDURAL BACKGROUND The Complaint alleges the following relevant facts. In September 2024, Plaintiff, a Florida LLC, made two loans totaling $1.5 million to 21st Century AEYE LLC ("21st Century"), a Texas LLC. (Compl. ¶¶ 2, 34). The loans were secured by written security agreements granting Plaintiff a first-priority perfected security interest in substantially all of 21st Century’s assets. (Id. ¶ 3). Plaintiff perfected its security interest by filing financing statements in Texas and California. (Id. ¶ 4). These loans helped facilitate 21st Century’s acquisition of the business and operating assets of Financial Technology Solutions International, Inc. ("Original FTSI"). (Id. ¶ 38, 39). After acquiring Original FTSI in its entirety, 21st Century operated that business as a division referred to as “21st Century FTSI.” (Id. ¶ 39). The assets and operations of 21st Century FTSI constituted Plaintiff’s collateral against its loans. (Id.). The loans matured in September of 2025 and have yet

to be paid. (Id. ¶ 5). After growing concerns about the financial health and integrity of 21st Century and not receiving all the financial information it requested from 21st Century, Plaintiff asked for an in- person meeting with 21st Century to address repayment, transparency, and the protection of the Collateral. (Id. ¶¶ 40-44). On July 10, 2025, Plaintiff met with Defendant, a New Jersey resident, and Lisa Huertas. (Id. ¶ 45). Plaintiff alleges that Defendant represented that he was acting as the authorized representative of 21st Century and/or Brannon Castleberry (“Castleberry”).1 In that meeting, Defendant asked Plaintiff to extend maturities that were due in September of that year and forbear from enforcement. In the course of the discussion, Defendant made at least five allegedly problematic statements about 21st Century’s financial situation: (1) “we can pay any

unhappy noteholder,” (2) “cash is available now,” (3) the “business is healthy,” (4) the “pipeline is strong,” and (5) “repayment can be made upon demand.” (Id. ¶¶ 47-48). The crux of Plaintiff’s Complaint is that Defendant made these statements knowing they were false and without fully contextualizing them by providing information about alleged fraud and diversion of funds occurring at 21st Century. (Id. ¶¶ 49-52). Plaintiff also alleges that after this meeting, Defendant engaged in further communications intended to negotiate an extension of the maturity dates of the loans Plaintiff had made. (Id. ¶¶

1 Castleberry’s relationship to 21st Century is not clearly delineated in the Complaint but the Court understands him to have been “involved” with 21st Century’s operations and Plaintiff was concerned that he was involved in diverting funds from 21st Century and otherwise engaging in fraudulent activity. 54-67). Plaintiff never states that it agreed to extend maturity on the loans. Instead, Plaintiff alleges that it “refrained from and/or postponed enforcement actions it otherwise would have taken earlier.” (Id. ¶ 68). Of note, Plaintiff filed a lawsuit against 21st Century and related parties in Florida state court on September 7, 2025, days before repayment of the loans was due. (Dkt. No.

26-3, “Florida Complaint”). Plaintiff makes one other specific allegation against Defendant. According to the Complaint, on or about August 6, 2025, “Castleberry, using 21st Century's QuickBooks/Intuit access linked to its JPMorgan Chase bank account, attempted to initiate an unauthorized transfer of approximately $130,000 from 21st Century's account to Defendant.” (Compl. ¶ 74). Before the transfer could be completed, the manager and owner of 21st Century intervened and prevented any money from changing hands. (Id. ¶¶ 76-77) II. DISCUSSION a. Legal Standards Defendant asks this Court to dismiss the Complaint under Federal Rule of Civil Procedure

12(b)(6). To survive a motion to dismiss for failure to state a claim upon which relief may be granted pursuant to Federal Rule of Civil Procedure 12(b)(6), a complaint must contain “sufficient factual matter, accepted as true, to ‘state a claim for relief that is plausible on its face.’” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (quoting Bell Atlantic v. Twombly, 550 U.S. 544, 570 (2007)). “A claim has facial plausibility when the plaintiff pleads factual content that allows the court to draw the reasonable inference that the defendant is liable for the misconduct alleged.” Id. (citing Twombly, 550 U.S. at 556). In short, to survive dismissal, “a civil complaint must contain sufficient factual matter which plausibly alleges all required elements of a cause of action.” Bresko v. Critchley, 2012 WL 3066640, at *4 (D.N.J. July 26, 2012). On a Rule 12(b)(6) motion, the Court must accept as true the well-pleaded facts of a complaint and any reasonable inference that may be drawn from those facts but need not credit conclusory statements couched as factual allegations. Iqbal, 556 U.S. at 678. Because a motion to dismiss tests whether a complaint adequately pleads the elements of

each claim, a court must first determine which jurisdiction’s substantive law governs those claims. See Marcarelli v. Delaware Cnty. Mem'l Hosp., 1986 WL 10665, at *1 (E.D. Pa. Sept. 26, 1986) (“In reviewing a motion to dismiss pursuant to Fed. R. Civ. P. 12(b)(6), our first step when sitting in diversity is: (1) to determine which state's law applies and (2) to determine the elements of the cause of action under the applicable state law.”). When sitting in diversity, “a district court must apply the choice of law rules of the forum state to determine what law will govern the substantive issues of a case.” Warriner v. Stanton, 475 F.3d 497, 499–500 (3d Cir. 2007) (citing Klaxon Co. v. Stentor Elec. Mfg. Co., 313 U.S. 487, 496 (1941)). Under New Jersey law, the choice of law analysis proceeds in two steps. First, a “court must determine whether an actual conflict exists between the laws of the two states.” Cooper v.

Samsung Elecs. Am., Inc., 374 F. App'x 250, 254 (3d Cir. 2010). An “actual conflict” generally exists when the relevant laws of the competing states are so different from one another that the application of one state’s law would lead to a different outcome than application of the other state’s law. See In re Accutane Litig., 235 N.J. 229, 254, 194 A.3d 503 (2018) (“A conflict of law arises when the application of one or another state's law may alter the outcome of the case . . .

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LER Management LLC v. Daniel Huff, Counsel Stack Legal Research, https://law.counselstack.com/opinion/ler-management-llc-v-daniel-huff-njd-2026.