Michael Holland v. Justin Kutz; Cross Country Express, LLC

CourtDistrict Court, W.D. Oklahoma
DecidedNovember 12, 2025
Docket5:25-cv-00233
StatusUnknown

This text of Michael Holland v. Justin Kutz; Cross Country Express, LLC (Michael Holland v. Justin Kutz; Cross Country Express, LLC) is published on Counsel Stack Legal Research, covering District Court, W.D. Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Michael Holland v. Justin Kutz; Cross Country Express, LLC, (W.D. Okla. 2025).

Opinion

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

MICHAEL HOLLAND, an individual, ) ) Plaintiff, ) ) v. ) Case No. CIV-25-00233-JD ) JUSTIN KUTZ, an individual; and ) CROSS COUNTRY EXPRESS, LLC, ) a Wisconsin limited liability company, ) ) Defendants. )

ORDER

Before the Court is the partial Motion to Dismiss (“Motion”) filed by Defendants Justin Kutz and Cross Country Express, LLC (“Cross Country”) [Doc. No. 18] directed at Plaintiff Michael Holland’s (“Plaintiff”) Amended Complaint [Doc. No. 5]. Plaintiff responded (“Response”) [Doc. No. 21], and Defendants replied (“Reply”) [Doc. No. 25]. For the reasons outlined below, the Court grants in part and denies in part the Motion. I. BACKGROUND Plaintiff is a member of the following companies: Rufnex Industrial LLC; Rufnex Oilfield Services LLC; and Rednex Oilfield Rentals LLC (collectively, the “Companies”). [Doc. No. 5 ¶ 8]. The Companies provide support services for the oil and gas industry and offer rental equipment. [Id. ¶ 10]. In 2020, seeking loans to aid the Companies during the COVID-19 pandemic, Plaintiff contacted Madison One Capital, LLC (“Madison One”), a loan services provider helping borrowers secure government guaranteed loans. [Id. ¶¶ 11–12]. Christopher Balestrino is the Managing Director of Madison One and has been Plaintiff’s point of contact. [Id. ¶ 12]. From August 2020 to December 2023, Madison One coordinated

loans to the Companies from U.S. Eagle Federal Credit Union (“U.S. Eagle”). [Id. ¶ 14]. Pursuant to four loan agreements between U.S. Eagle and the Companies, the Companies executed five promissory notes. [Id.]. All communications regarding the loans were made via Madison One, and Plaintiff never directly communicated with U.S. Eagle. [Id. ¶ 15]. As a condition of the loans, Plaintiff executed personal guarantees for each loan. [Id. ¶ 16].

Between March 2022 and July 2023, due to a variety of factors, Plaintiff became concerned about the Companies’ ability to meet their debt obligations. [Id. ¶ 20]. On April 16, 2024, Plaintiff met with Balestrino and his partner and discussed options for Plaintiff to confront the Companies’ debt. [Id. ¶ 22]. Plaintiff believes that, due to the impending acquisition of Madison One, Balestrino wanted Plaintiff to continue payments

on the U.S. Eagle loans, as opposed to filing bankruptcy or negotiating a workout with U.S. Eagle. [Id. ¶¶ 22–23]. In May 2024, Balestrino introduced Plaintiff to Kutz, whose company Cross Country ultimately purchased the Companies. [Id. ¶¶ 25, 30–38]. Plaintiff, Cross Country, and Kutz executed the Purchase Agreement and the Amended Operating

Agreements, pursuant to which Cross Country purchased 80% of the Companies’ shares. [Id. ¶¶ 31, 36]. The Purchase Agreement includes the following provisions: 1.5.2. Purchase Price. The purchase price for the Purchased Interests shall be $2,600,000.00 (Two-Million-Six-Hundred-Thousand Dollars) which Seller agrees those funds shall immediately apply to the outstanding credit card debts, outstanding payables, equipment repairs, insurance premiums, and payroll of the Companies. Buyer will maintain the installment payments on any existing loans, payable in a timely manner. The money allocated to these debts and expenses will be captured separately on a schedule maintained by the Buyer.

1.5.2.3. Equipment as Collateral. Buyer and Seller acknowledge that certain equipment has been used as collateral by the Seller when securing SBA loans in the past and is encumbered by the Lender. This specific equipment, to be captured on a separate schedule, shall remain in the possession of the Companies.

[Id. ¶ 37]. Additionally, the Amended Operating Agreements require Plaintiff’s consent to sell any assets of the Companies, other than in the ordinary course of business and to borrow money. [Id. ¶¶ 38, 39]. Plaintiff initiated this lawsuit against Kutz, Cross Country, Balestrino, and Madison One. [Doc. No. 1]. Plaintiff later voluntarily dismissed Balestrino and Madison One. [Doc. No. 24]. In his Amended Complaint, Plaintiff alleges that Cross Country and Kutz never paid the Purchase Price, did not allocate the Purchase Price to debts and payables in accordance with the Purchase Agreement, and did not provide the schedule required by the Purchase Agreement. [Doc. No. 5 ¶ 41]. Additionally, Plaintiff claims that Cross Country and Kutz have taken the following actions in violation of the Purchase Agreement and the Amended Operating Agreements: hiring multiple employees at a salary in excess of $100,000.00 without obtaining the approval of Plaintiff; establishing new checking accounts in the name of “Rufnex Industrial LLC;” using the Companies’ assets for Defendants’ personal use; applying to Velocity Financial for factoring agreements to sell the Companies’ accounts receivables; and engaging Purple Wave Auction for the purpose of appraising and potentially selling the assets of the Companies. [Id. ¶ 42]. Plaintiff also states that Cross Country received several loans from Small Business Recovery Foundation that it should have disclosed to Plaintiff because they are,

in essence, loans to the Companies. [Id. ¶¶ 43, 44]. Plaintiff seeks a temporary restraining order and preliminary injunction and brings the following claims against Cross Country and Kutz: breach of the Purchase Agreement, breach of the Amended Operating Agreements, breach of fiduciary duty, unjust enrichment, a request for an accounting, alter ego liability, a request for a receivership, fraud against Kutz, and civil conspiracy. [Id. ¶¶ 50–105].

Kutz and Cross Country moved to partially dismiss Plaintiff’s Amended Complaint, seeking to dismiss Plaintiff’s claims for breach of the Purchase Agreement, breach of the Amended Operating Agreements, alter ego liability, fraud, and civil conspiracy. [Doc. No. 18 at 4–15].1 II. STANDARD OF REVIEW

To survive a motion to dismiss under Rule 12(b)(6), a complaint must contain “enough facts to state a claim to relief that is plausible on its face.” Bell Atl. Corp. 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.” Ashcroft v. Iqbal, 556 U.S. 662, 678

(2009). Although a complaint does not need detailed factual assertions, a pleading that offers only “labels and conclusions” or “pleads facts that are merely consistent with a

1 In this Order, the Court uses page numbering from the CM/ECF stamp at the top of the filing on the district court docket. defendant’s liability” will not suffice. Id. (internal quotation marks and citation omitted). The burden is on the plaintiff to plead factual allegations that “raise a right to relief above

the speculative level.” Twombly, 550 U.S. at 555. In evaluating a Rule 12(b)(6) motion, the Court accepts all well-pled factual allegations as true and views the allegations in the light most favorable to the nonmoving party. Peterson v. Grisham, 594 F.3d 723, 727 (10th Cir. 2010). Conclusory statements, however, are not entitled to the assumption of truth, and courts are free to disregard them. Khalik v. United Air Lines, 671 F.3d 1188, 1191 (10th Cir. 2012).

The Court must address what the Court can properly consider when deciding Defendants’ Motion. “[T]he district court may consider documents referred to in the complaint if the documents are central to the plaintiff’s claim and the parties do not dispute the documents’ authenticity.” Jacobsen v.

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