MFY Funding LLC v. Ohia Opportunities, LLC

CourtDistrict Court, D. Hawaii
DecidedAugust 31, 2021
Docket1:21-cv-00261
StatusUnknown

This text of MFY Funding LLC v. Ohia Opportunities, LLC (MFY Funding LLC v. Ohia Opportunities, LLC) is published on Counsel Stack Legal Research, covering District Court, D. Hawaii primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
MFY Funding LLC v. Ohia Opportunities, LLC, (D. Haw. 2021).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF HAWAI‘I

MFY FUNDING LLC, Case No. 21-cv-00261-DKW-KJM

Plaintiff, ORDER (1) GRANTING IN PART AND DENYING IN PART

PLAINTIFF’S MOTION TO v. DISMISS COUNTERCLAIMS (Dkt. No. 16); and (2) GRANTING OHIA OPPORTUNITIES, LLC; PLAINTIFF’S MOTION TO KANOA ROSS BRISTOL; JOHN STRIKE JURY TRIAL DEMAND DOES 1-50; JANE DOES 1-50; AND (Dkt. No. 17) DOE ENTITIES 1-50,

Defendants.

Before the Court are two motions: (1) Plaintiff MFY Funding, LLC’s (“MFY”) motion to dismiss Defendant Ohia Opportunities, LLC’s (“Ohia”) counterclaims; and (2) MFY’s motion to strike Ohia’s jury trial demand. Ohia’s counterclaims of unfair and deceptive practices, unfair methods of competition, and both intentional and negligent infliction of emotional distress fail as a matter of law and are DISMISSED WITH PREJUDICE. Ohia’s misrepresentation claims are DISMISSED WITHOUT PREJUDICE. Ohia’s claim of unjust enrichment is sufficiently pled and may proceed without amendment. As to the jury trial demand, it is clear Ohia waived its right to a jury trial over claims arising out of its business agreements with MFY. Accordingly, MFY’s motion to strike Ohia’s jury trial demand is GRANTED.

RELEVANT BACKGROUND MFY is a limited liability company whose sole member, Earl Fuelling, is a resident of Tennessee. Dkt. No. 13-1 at 2–3. Ohia is a limited liability company

whose sole member, Kanoa Ross Bristol, is a resident of Hawai‘i. Id. at 2. In late 2016, Fuelling, Bristol, and a non-party, Christopher Moreland, discussed “working in conjunction to do rehab projects, wherein they would purchase properties, renovate them, and later sell them and split the sale proceeds.” Id. at 4.

On April 6, 2017, Bristol, on behalf of Ohia, purchased two lots in Volcano on the Big Island (“Volcano Properties”). Id. It appears MFY did not provide the funding for this purchase. Id. (“funding [was] provided by a licensed private

lending company”). In early June 2017, Fuelling, Bristol, and Moreland agreed to purchase a property on Kauai Road in Pahoa on the Big Island (“Kauai Road Property”). Id. Fuelling was to provide $50,000 in funds for repairs to this property, which Bristol

would oversee. Id. at 5. The sale closed and the property was transferred to Ohia alone on July 17, 2017. Id. at 6. According to Bristol, the original plan was to have the sale executed by both MFY and Ohia but Fuelling pulled support for that

plan late in the negotiations. Id. at 5. On July 25, 2017, Bristol claims to have been instructed by Fuelling to sign certain documents to refinance the Volcano Properties, necessary to secure funding for the Kauai Road Property purchase. Id.

at 6. Bristol avers that Moreland and Fuelling “intentionally failed to provide Bristol with sufficient time to review the closing documents.” Id. at 6–7. After closing, MFY released $40,000 for repairs on the Kauai Road

Property, $10,000 less than the parties had agreed was necessary. Id. Nonetheless, Bristol began repairs with those funds. Id. at 7. Before the repairs were complete, Fuelling, Bristol, and Moreland acquired an additional property, which was located in Hawaiian Paradise Park on the Big Island (the “23rd Avenue

Property”). Id. at 7–8. While the offer on the 23rd Avenue Property was accepted on December 13, 2017, MFY was unable to close and fund the sale until February 7, 2018. Id. at 8. Bristol alleges that, again, he was provided with the

paperwork consummating this transaction just before closing and “was unable to review them until signing.” Id. It is unclear from Ohia and Bristol’s factual recitation, but the paperwork consummating the 23rd Avenue Property purchase appears to include a promissory

note and mortgage agreement between MFY and Ohia. See Dkt. Nos. 16-3, 16-4. Pursuant to the Promissory Note executed on January 29, 2018, MFY agreed to loan Ohia $698,800. Dkt. No. 16-3. The accompanying mortgage agreement encumbered not only the 23rd Avenue Property but the Volcano Properties and the Kauai Road Property as well. See Dkt. No. 16-4 at 26–29.

After closing on the 23rd Avenue Property, MFY was to release repair funds to Bristol. Id. The first of these was to include $30,000: $20,000 to fund the initial repairs on the 23rd Avenue Property and $10,000 to complete repairs on the

Kauai Road Property. Id. However, only $22,000 was released. Id. at 8–9. Roughly five weeks later, MFY released another $20,000. Id. at 9. Around April 17, 2018, Bristol updated Fuelling on the repairs and requested the release of another $20,000. Id. Time was of the essence as various contractors were being

employed and supply orders were pending. Id. at 9–10. On April 30, 2018, Bristol repeated the immediate need for the additional $20,000. Id. at 10. Despite this, MFY did not release another $20,000 until May 22, 2018. Id. at 11.

Bristol alleges that this roughly one month delay caused significant problems as various contractors were no longer available and materials became harder to source. Id. In February or March of 2019, aware of Bristol’s challenges in completing

the repairs on the Kauai Road and 23rd Avenue Properties, Fuelling suggested amending the Promissory Note. Id. at 12, 15. In particular, he suggested that Bristol convey the Kauai Road and 23rd Avenue Properties to MFY; in exchange,

MFY “would be able to source a long term loan for Bristol’s Volcano Property.” Id. Bristol did, in fact, execute an Amended Note and Warranty Deed in Lieu of Foreclosure with MFY conveying those properties and altering the terms of the

loan. See Dkt. Nos. 16-5, 16-6. On or about January 4, 2021, MFY sent Ohia and Bristol a Notice of Default and Demand Letter. Dkt. No. 13-1 at 13. Six months later, MFY initiated this

foreclosure suit. Dkt. No. 1. On June 28, 2021, Ohia and Bristol filed an answer to the complaint as well as counterclaims against MFY and Fuelling individually. Dkt. Nos. 13, 13-1. Ohia and Bristol also filed a jury trial demand. Dkt. No. 13-2. On July 19, 2021,

MFY and Fuelling filed a motion to dismiss the counterclaims against them as well as a motion to strike the jury trial demand. Dkt. Nos. 16, 17. Ohia and Bristol filed their response to both motions on August 13, 2021, Dkt. No. 26, to which

MFY and Fuelling replied on August 19, 2021, Dkt. Nos. 27, 28. This order follows. STANDARD OF REVIEW Rule 12(b)(6) authorizes the Court to dismiss a complaint that fails “to state

a claim upon which relief can be granted.” Fed. R. Civ. P. 12(b)(6). Rule 12(b)(6) is read in conjunction with Rule 8(a), which requires “a short and plain statement of the claim showing that the pleader is entitled to relief.” Fed. R. Civ.

P. 8(a)(2). Pursuant to Ashcroft v. Iqbal, “[t]o survive a motion to dismiss, a complaint must contain sufficient factual matter, accepted as true, to ‘state a claim to relief that is plausible on its face.’” 556 U.S. 662, 678 (2009) (quoting Bell Atl.

Corp. v. Twombly, 550 U.S. 544, 570 (2007)). In addition, “the tenet that a court must accept as true all of the allegations contained in a complaint is inapplicable to legal conclusions.” Id.

Accordingly, “[t]hreadbare recitals of the elements of a cause of action, supported by mere conclusory statements, do not suffice.” Id. (citing Twombly, 550 U.S. at 555). Rather, “[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.

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MFY Funding LLC v. Ohia Opportunities, LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mfy-funding-llc-v-ohia-opportunities-llc-hid-2021.