Maggio v. DDTM Realty, LLC

CourtSuperior Court of Delaware
DecidedApril 29, 2026
DocketS23C-08-029 RHR
StatusPublished

This text of Maggio v. DDTM Realty, LLC (Maggio v. DDTM Realty, LLC) is published on Counsel Stack Legal Research, covering Superior Court of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Maggio v. DDTM Realty, LLC, (Del. Ct. App. 2026).

Opinion

IN THE SUPERIOR COURT OF THE STATE OF DELAWARE

JOE MAGGIO and TWOFORONE, ) LLC d/b/a JOE MAGGIO REALTY, ) Plaintiffs, and ) C.A. No. S23C-08-029 RHR ) DE BEACHES REGIONAL ) REALTY, LLC, ) Intervening Plaintiff, ) ) v. ) ) DDTM REALTY, LLC d/b/a ) KELLER WILLIAMS REALTY, ) MATTHEW FETICK, and FUTURE ) SELF HOLDINGS, LLC, ) Defendants. )

Submitted: October 1, 2025 Decided: April 29, 2026

MEMORANDUM OPINION

Upon Consideration of Defendants Matthew Fetick and Future Self Holdings, LLC’s Motion for Judgment on the Pleadings, GRANTED in part and DENIED in part,

Defendants Matthew Fetick and Future Self Holdings, LLC’s Motion to Dismiss DE Beaches Regional Realty, LLC’s First Amended Complaint in Intervention, STAYED,

and DDTM Realty, LLC’s Motion for Leave to Amend its First Amended Answer to Add Crossclaims and Counterclaims, GRANTED in part and STAYED in part. Angelica M. Mamani, Esq., HUDSON, JONES, JAYWORK & FISHER, LLC, Dover, Delaware, Attorney for Plaintiffs Joe Maggio and TWOFORONE, LLC d/b/a Joe Maggio Realty.

Neil R. Lapinski, Esq., Geoffery A. Boyleston, Esq., Phillip Giordano, Esq., and Madeline R. Silverman, Esq., GORDON, FOURNARIS & MAMMARELLA, P.A., Wilmington, Delaware, and John Eastlack, Esq., and Emily Palladinetti, Esq., LAULETTA BIRNBAUM, LLC, Sewell, New Jersey, Attorneys for Defendant DDTM Realty, LLC d/b/a Keller Williams Realty and Intervening Plaintiff DE Beaches Regional Realty, LLC.

Andrew H. Lippstone, Esq., LIPPSTONE LAW, LLC, New Castle, Delaware, Attorney for Defendants Matthew Fetick and Future Self Holdings, LLC.

Robinson, J.

2 BACKGROUND

Joe Maggio, a licensed real estate broker in the Rehoboth Beach, Delaware

area, wanted to wind down his business and lessen his management responsibilities

to prepare for retirement. In 2019, he engaged in discussions with Matthew Fetick,

another real estate broker, and the two reached an agreement dated March 17, 2020

(the “Agreement”) whereby Maggio would transfer ownership and management of

his realty company, TWOFORONE, LLC d/b/a Joe Maggio Realty (“TFO”) to

DDTM Realty, LLC (“DDTM”), an entity controlled by Fetick. DDTM operated as

a franchisee of Keller Williams Realty, Inc. (“KWRI”), an international real estate

brokerage. Under the Agreement, Maggio would continue to work for DDTM. He

would also receive an initial cash payment and would continue to receive a

percentage of the net profit from DDTM for five years. DDTM would assume certain

liabilities of Maggio’s business, including the office’s lease and a fit-out loan.

The arrangement did not go as Maggio intended. Maggio alleges that Fetick

restructured DDTM to substantially reduce the compensation Maggio anticipated

receiving under the Agreement. For example, he was to receive his first profit share

distribution in January 2021, but he received nothing. Maggio claims that, as of the

filing of his amended complaint, the only compensation he had received was a

commission payment of $691.72. He also avers that the fit-out loan is still in his

name. Maggio alleges that although DDTM had several successful years between

3 2020 and 2023 the business has no money because Fetick shifted assets from DDTM

to Future Self Holdings, LLC (“FSH”)—an entity jointly owned by Fetick and David

Williams—to avoid debts and obligations, including those owed to Maggio. At some

point, FSH became the sole owner of DDTM.

Maggio and TFO filed a bare-bones initial complaint on August 22, 2023

against DDTM alleging breach of contract. He then filed an amended complaint on

December 15, 2023 that added Fetick and FSH as defendants. The amended

complaint added the following claims: fraud, breach of implied covenant of good

faith and fair dealing, and unjust enrichment. Plaintiffs also evoked the personal

participation doctrine and seek punitive damages.1

In 2023, before Maggio filed his complaint, Fetick entered into discussions

with John Clidy and Michele McBride about selling DDTM’s business and assets to

their entity, DE Beaches Regional Realty, LLC (“DE Beaches”). They executed a

letter of understanding on March 2, 2023 with an effective date of March 1, 2023

(the “LOU”). Unfortunately, the LOU is poorly drafted and whether it is a binding

contract or merely an agreement to negotiate confidentially is an issue that must be

resolved. Under the LOU, FSH would sell 80% of its interest in DDTM to DE

Beaches for $300,000.00. DE Beaches paid DDTM $300,000.00 the day after the

1 Plaintiffs have since acknowledged these claims should not have been filed as separate counts. In their briefing, Fetick and FSH state that they do not seek dismissal of the claim for receipt of fraudulent transfer. 4 parties signed the LOU. The LOU also stated that Fetick would be personally liable

for any debts that FSH failed to disclose to DE Beaches, and that if DE Beaches was

forced to assume any undisclosed liabilities, Fetick’s remaining interest in DDTM

would be reduced to offset those debts. The LOU listed DDTM’s liabilities that

Fetick acknowledged at the time of the execution of the LOU. Fetick was also

required to turn over financial control of DDTM to McBride and to resign as

operating principal. Pursuant to the LOU, Fetick sent a resignation letter to KWRI.

This arrangement did not go as planned either, and on July 24, 2024, DE

Beaches moved to intervene in this litigation and filed a complaint in intervention

against DDTM, Fetick, and FSH on August 15, 2024. On December 16, 2024, DE

Beaches Realty filed an amended complaint in intervention seeking: (i) declaratory

judgment against Fetick and FSH, (ii) breach of contract against FSH, (iii)

conversion against Fetick, (iv) unjust enrichment (in the alternative) against Fetick

and FSH, and (v) fraud and misrepresentation against Fetick and FSH. The

complaint in intervention asks this court to declare that: (i) the LOU is a valid and

binding agreement, (ii) FSH’s 20% interest in DDTM has been extinguished in

accordance with the terms of the LOU, (iii) DE Beaches is the sole member of

DDTM, and (iv) Fetick is personally responsible for all liabilities of DDTM.

The amended complaint in intervention alleges that Fetick made false

representations about the value of DDTM—both its liabilities and assets—that DE

5 Beaches used to value DDTM. Among the liabilities that DE Beaches alleges Fetick

failed to disclose is the Agreement with Maggio. In addition to the Agreement with

Maggio, the amended complaint in intervention enumerates other deceitful actions

allegedly taken by Fetick, including his withdrawal of money from the business

account and termination of health and dental insurance policies for employees. DE

Beaches claims that these acts cause Fetick to forfeit his remaining 20% interest in

DDTM and that Fetick is personally responsible for any liabilities in excess of that

20% interest.

Adding another layer to this dispute, on July 25, 2024—the day after DE

Beaches filed its motion to intervene in this case—Fetick and his business partner

David Williams filed an action in the United States District Court for the Eastern

District of Pennsylvania against several individual defendants associated with

KWRI, including Clidy and McBride.2 The federal litigation alleges that those

defendants engaged in a racketeering scheme whereby employees or owners of

KWRI would exert leverage over local realty centers to the point where they would

be forced to sell to KWRI.

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Maggio v. DDTM Realty, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/maggio-v-ddtm-realty-llc-delsuperct-2026.