McGraw Property Solutions, LLC v. Fortress Investment Group LLC

CourtDistrict Court, S.D. New York
DecidedSeptember 19, 2025
Docket1:24-cv-06859
StatusUnknown

This text of McGraw Property Solutions, LLC v. Fortress Investment Group LLC (McGraw Property Solutions, LLC v. Fortress Investment Group 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
McGraw Property Solutions, LLC v. Fortress Investment Group LLC, (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK -------------------------------------X MCGRAW PROPERTY SOLUTIONS, LLC,

Plaintiff, MEMORANDUM AND ORDER - against - 24 Civ. 6859 (NRB)

FORTRESS INVESTMENT GROUP LLC,

Defendant. -------------------------------------X NAOMI REICE BUCHWALD UNITED STATES DISTRICT JUDGE On April 7, 2020, a storm in Glenview, Illinois damaged the roofs of five properties, then-owned by Atlas Holdings Investment, LLC and its affiliates (collectively, “Atlas”). In October 2020, plaintiff McGraw Property Solutions, LLC (“plaintiff” or “McGraw”) agreed to repair these roofs and “provide all labor and materials for the scope of work approved by or paid for by” Atlas’s insurance carrier, Westchester Surplus Insurance Company (“Westchester”). In February 2021, prior to the completion of the roofing work, defendant Fortress Investment Group LLC (“Fortress”)1 allegedly acquired the at-issue properties from Atlas, and according to plaintiff’s amended complaint, “continued to retain McGraw . . . to complete the roofs on the five buildings.” Ultimately, McGraw claims it was never paid for its roofing work.

1 Fortress contends that it has no direct relationship to the property, as its affiliate acquired the property. ECF No. 20 at 16. For purposes of this opinion, this asserted factual dispute is immaterial. Pursuant to the executed agreement between McGraw and Atlas, McGraw first sued Atlas’s insurer, Westchester, for payment. See No. 22-cv-396 (N.D. Ill.) (“Illinois Action”). The court granted summary judgment in favor of Westchester based on its determination that, as a matter of law, “McGraw failed to perform its obligations

under the Policy by not cooperating with [the insurer] in its investigation of McGraw’s claim and not complying with the [Examination Under Oath] clause—a contractual condition precedent to suit.” McGraw Property Solutions LLC v. Westchester Surplus Lines Insurance Company, No. 22 Civ. 396, 2024 WL 1702680, at *4, 7 (N.D. Ill. 2024) (“Westchester Opinion”). Having failed to obtain redress from Westchester, plaintiff filed the instant action against Fortress, asserting claims of quantum meruit and unjust enrichment. Fortress moves to dismiss. For the following reasons, the Court grants defendant’s motion. BACKGROUND I. Factual Background2

On April 7, 2020, “Atlas suffered storm damage to its

2 Unless otherwise noted, the facts considered and recited herein are drawn from plaintiff’s amended complaint and are accepted as true for the purposes of the instant motion. See McCarthy v. Dun & Bradstreet Corp., 482 F.3d 184, 191 (2d Cir. 2007). In evaluating the sufficiency of a complaint, a district court may also consider documents that are attached to the complaint, incorporated by reference in the complaint, or otherwise integral to the complaint. See DiFolco v. MSNBC Cable L.L.C., 622 F.3d 104, 111 (2d Cir. 2010). In addition, “courts routinely take judicial notice of documents filed in other courts . . . not for the truth of the matters asserted in the other litigation, but rather to establish the fact of such litigation and related filings.” Kramer v. Time Warner Inc., 937 F.2d 767, 774 (2d Cir. 1991). -2- [p]roperties known as Brookview Village Apartments.” ECF No. 14 (“AC”) QF 11. Thereafter, Atlas submitted a claim to its insurer, Westchester, and assigned its claim to McGraw on October 21, 2020. Id. FIZ 11-12. McGraw attaches a copy of the assignment contract, which it refers to as the “Assignment of Benefits” or “AOB,” as Exhibit A to its amended complaint. See ECF No. 14-1 (“AOB”). The AOB states as follows: ASSIGNMENT OF INSURANCE CLAIM 1, the owner/policyholder (“Customer”) of the above property, authorize McGraw Property Solutions, LLC (“Company”), to enter my property and provide all services and furnish all materials necessary to preserve and protect my property from further damage. Additionally, in consideration for these repairs and Company's promise to complete all work paid for by my insurance carrier upon future settlement, | agree to assign my insurance claim to Company, subject to the terms and conditions in this contract. Customer assigns all insurance rights, benefits, proceeds, claims, causes of action, and supplementary claims under all applicable insurance policies (collectively, “Benefits") to Company for the Services rendered or to be rendered by Company. Company will provide all labor and materials for the scope of work approved by or paid for by Carrier (collectively, “Services"). Customer directs Carrier to release all information requested by Company, its representatives, and Company's attorney to obtain the Benefits from Carrier. Customer hereby authorizes and unequivocally directs Carrier to deliver any and all payments and make any and all check(s) payable related to the Claim solely to Company. This Assignment also includes any right of the Customer to collect for extra contractual damages, consequential damages, common law damages, and statutory damages. This Assignment allows Company to file a lawsuit in Company’s name to collect proceeds assigned herein.

Id.; see also AC 7 13. McGraw began its roof repair and replacement work while Atlas owned the at-issue properties. AC 97 19. Following Atlas’s default on a loan and a UCC foreclosure sale of Atlas’s equity interest in the properties, Fortress allegedly acquired the at-issue properties in February 2021. Id.

=- 3 =-

¶¶ 10, 17.3 According to the amended complaint, “Fortress continued to retain McGraw . . . to complete the roofs on the five buildings.” AC ¶ 19. McGraw alleges that it had “extensive communications regarding the coordination of the roofing work” with Fortress.

Id. ¶ 20. More specifically, Fortress allegedly: (1) “requested status updates regarding the roof work,” id. ¶ 21, (2) “requested an estimated date of completion for all the roof repair work,” id. ¶ 22, (3) “required that [Fortress] be listed as an additional insured on McGraw Property’s Certificate of Liability Insurance,” id. ¶ 20, (4) “exchanged e-mails about completing punch list items regarding the completed pitched roofs,” id. ¶ 26, and (5) “paid another roofing company to complete . . . other roofs,” id. ¶ 27. In June 2021, McGraw sued Westchester in Illinois. Id. ¶ 25; see Illinois Action. McGraw informed Fortress of the insurance claim as well as the Illinois Action. AC ¶¶ 24-25. In the Illinois Action, McGraw alleged that it had “inspected . . . all of the

roofing systems” and concluded that “all . . . need[ed] to be replaced” before further alleging that there was a dispute “over the amount of loss” between it and Westchester. No. 22-cv-396,

3 As mentioned earlier, Fortress contends that it has no direct relationship to the property, since its affiliate, DB Brookview, acquired the property. ECF No. 20 at 16. Also, as noted earlier, this asserted factual dispute is immaterial to this opinion.

-4- ECF No. 1-1 ¶¶ 16, 17. To support these allegations, McGraw attached an estimate prepared by its public adjuster, which concluded that $1,614,595.08 was the value of the extensive work needed on the properties. See No. 22-cv-396, ECF No. 1-5 at ECF p. 28. McGraw also alleged “[i]t is Westchester’s duty to pay the

amount due under the Policy for the covered loss, including the cost to repair/replace the covered damage to the insured premises” and “[t]his breach of the insurance contract was and is the direct and proximate cause of damages to [p]laintiff.” No. 22-cv-396, ECF No. 1-1 ¶¶ 27, 29.

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McGraw Property Solutions, LLC v. Fortress Investment Group LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mcgraw-property-solutions-llc-v-fortress-investment-group-llc-nysd-2025.