MHF OPCO, LLC v. RYAN CHARLES DREXLER

CourtDistrict Court, W.D. Wisconsin
DecidedDecember 8, 2025
Docket3:22-cv-00707
StatusUnknown

This text of MHF OPCO, LLC v. RYAN CHARLES DREXLER (MHF OPCO, LLC v. RYAN CHARLES DREXLER) is published on Counsel Stack Legal Research, covering District Court, W.D. Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
MHF OPCO, LLC v. RYAN CHARLES DREXLER, (W.D. Wis. 2025).

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF WISCONSIN

MHF OPCO, LLC,

Plaintiff, OPINION AND ORDER v.

22-cv-707-wmc RYAN CHARLES DREXLER,

Defendant.

Plaintiff MHF Opco, LLC, claims that defendant Ryan Charles Drexler owes it over $3 million under the terms of his personal guaranty on the debts of MusclePharm Corporation. (Dkt. #18.) Plaintiff seeks to enforce the personal guaranty executed by defendant and has filed motion for summary judgment on its claim for the amount owed, plus interest and attorney’s fees. (Dkt. #54.) Defendant, who disputes that plaintiff has standing to enforce the personal guaranty and, alternatively, denies that he signed it, has filed a motion for partial summary judgment to exclude interest and attorney’s fees from the amount sought by plaintiff. (Dkt. #60.) For the reasons set forth below, plaintiff’s motion for summary judgment will be granted and defendant’s motion will be denied. UNDISPUTED FACTS1 In June 2022, MHF Opco, LLC (“Opco”), which is a Texas-based limited liability company, acquired all assets, debts, and other obligations owned by Mill Haven Foods

(“Mill Haven”), a Wisconsin-based food products company. Prior to the acquisition, Mill Haven had sold a substantial quantity of dry dairy protein powder -- for which it had not been paid -- to MusclePharm Corporation (“MusclePharm”), a Nevada-based manufacturer of sports nutrition products and nutritional supplements. (Dkt. #1, ¶ 1.) In addition to owning more than 50% of MusclePharm, Drexler claims to have himself loaned between $10 and 50 million to that corporation.

Before Mill Haven began doing business with MusclePharm, Mill Haven Chief Executive Officer Brian Slater flew to its office in Burbank, California, to meet with Drexler, who was then MusclePharm’s Chairman of the Board and Chief Executive Officer. During that meeting, which occurred in 2019, Slater expressed reservations about MusclePharm’s ability to pay for product in light of the volume Drexler was seeking to

purchase and concerns with the company’s finances. Specifically, Slater knew from discussions with other suppliers in the industry and MusclePharm representatives, as well

1 Unless otherwise noted, the following facts are drawn from the parties’ proposed findings of fact and are viewed in the light most favorable to defendant Drexler. Waukegan Potawatomi Casino, LLC v. City of Waukegan, 128 F.4th 871, 873 (7th Cir. 2025). However, to the extent that defendant has not disputed facts proposed by plaintiff in a manner consistent with Fed. R. Civ. P. 56(c) and the court’s procedures on summary judgment, the court treats those facts as undisputed. Preliminary Pretrial Packet (dkt. #48) Summary Judgment Procedures, §§ I(C), II(C)-(E); see also Allen-Noll v. Madison Area Tech. College, 969 F.3d 343, 348 (7th Cir. 2020) (District courts may require exact compliance with their local rules, including local rules governing summary judgment.). as reviewing Securities and Exchange Commission 10-Ks and other sources, that MusclePharm was having difficulty paying its debts. Slater also knew that MusclePharm’s accounts receivables would accrue quickly given the large volume of product Drexler was

seeking. As CEO of Mill Haven, therefore, Slater refused to enter into an agreement to sell protein powder to MusclePharm in large quantities unless Drexler provided a personal guaranty. Slater also communicated this to Drexler and MusclePharm Chief Operating Officer Alberto Andrade. More specifically, Slater explained to them that he would not

enter into an agreement to sell protein powder to MusclePharm in significant volumes at favorable prices unless he was provided some form of collateral. Accordingly, on August 19, 2019, Slater emailed Andrade requesting a personal guaranty from Drexler. Andrade responded by email the following day, instructing Slater to send him a document with the requested language. Next, Mill Haven Chief Operating Officer Larry Erbs emailed Andrade with a copy of the personal guaranty that Slater discussed having Drexler sign. After Erbs

and Andrade then traded emails on September 3, 2019, Erbs again emailed Andrade a copy of the personal guaranty for Drexler’s signature, along with an Agreement providing Terms and Conditions of Sale (the “Sales Agreement”) between Mill Haven as seller and MusclePharm as buyer. On September 4, 2019, MusclePharm Senior Supply Chain Manager Aaron Hackel further emailed Slater a purchase order for protein powder at a price that Andrade had

negotiated with Slater. That same day, Slater responded that he would still need the personal guaranty from Drexler before filling the order. On September 6, 2019, Andrade emailed Slater, advising him that he was “wrapping up PG as we speak with the lawyers.” Slater understood “PG” to mean Drexler’s personal guaranty. Finally, on September 6, Andrade went into Drexler’s office to have him sign the personal guaranty. Andrade

watched Drexler sign the personal guaranty, then took the document back to his office, where he scanned it and emailed it to Slater, along with the Sales Agreement between Mill Haven and MusclePharm. A copy of the personal guaranty bearing Drexler’s signature (the “Personal Guaranty” or “Guaranty”) is attached to Opco’s amended complaint as part of the Sales

Agreement between Mill Haven and MusclePharm. (Dkt. #18-2.) Under its express terms, Drexler, as “Guarantor,” unconditionally guaranteed payment of the purchase price or “Guaranteed Amounts” for “Deliverables,” defined as products sold by Mill Haven to MusclePharm in accordance with the attached Sales Agreement, along with interest “added to all amounts outstanding more than thirty (30) days after the invoice date at the rate of 1.5% per month or the maximum rate of interest allowed by applicable law, whichever is

lower.” (Id. at 6, 7.) In addition, the Personal Guaranty calls for payment of attorney’s fees, which “absolutely and unconditionally guarantees Mill Haven . . . payment, on demand by Mill Haven, of all reasonable legal and other costs, expenses and fees at any time paid or incurred by Mill Haven in endeavoring to enforce any right under . . . this Guaranty.” (Id.) The Personal Guaranty further explains that it “is a continuing guaranty and shall remain in full force and effect so long as MusclePharm owes Mill Haven, or its

assigns, any purchase price for Deliverables[.]” (Id.) The Personal Guaranty also emphasizes, in bold and all capital letters, as follows: “THIS IS AN AGREEMENT TO GUARANTY THE PAYMENT OF A DEBT OF ANOTHER.” (Id. at 9 (emphasis in original).) After September 6, 2019, whenever MusclePharm wished to purchase product from

Mill Haven, it would complete and tender a purchase order. Upon receipt of MusclePharm’s purchase order, Mill Haven would then generate a “sales contract” that described the commodity, quantity, pricing information, pickup information, shipment method, and payment terms. Each such sales contract would also expressly incorporate the Sales Agreement between Mill Haven and MusclePharm. Still, on multiple occasions,

Slater refused to ship product that MusclePharm had ordered from Mill Haven because MusclePharm was not paying in full when due. Slater contends that in several such instances Drexler would then call to ask him to release additional product to MusclePharm, emphasizing that since he had signed the Personal Guaranty, Mill Haven would be made whole if MusclePharm did not pay. Between December 2021 and June 2022, Mill Haven proceeded to sell and deliver

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MHF OPCO, LLC v. RYAN CHARLES DREXLER, Counsel Stack Legal Research, https://law.counselstack.com/opinion/mhf-opco-llc-v-ryan-charles-drexler-wiwd-2025.