Momma Tried Sports Cards, LLC v. Leibold

CourtUnited States Bankruptcy Court, N.D. Ohio
DecidedMarch 31, 2025
Docket23-03022
StatusUnknown

This text of Momma Tried Sports Cards, LLC v. Leibold (Momma Tried Sports Cards, LLC v. Leibold) is published on Counsel Stack Legal Research, covering United States Bankruptcy Court, N.D. Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Momma Tried Sports Cards, LLC v. Leibold, (Ohio 2025).

Opinion

The court incorporates by reference in this paragraph and adopts as the findings and analysis of this court the document set forth below. This document has been entered electronically in the record of the United States Bankruptcy Court for the Northern District of Ohio.

wy sen John P. Gustafson Dated: March 31 2025 United States Bankruptcy Judge

UNITED STATES BANKRUPTCY COURT NORTHERN DISTRICT OF OHIO WESTERN DIVISION

In Re: ) Case No.: 23-30070 ) Jason M. Leibold, ) Chapter 7 ) Debtor. ) Adv. Pro. No. 23-03022 ) Momma Tried Sports Cards, LLC ) Judge John P. Gustafson ) Plaintiff, ) ) V. ) ) Jason M. Leibold, ) ) Defendant. ) MEMORANDUM OF DECISION AND ORDER REGARDING PLAINTIFF’S MOTION FOR SUMMARY JUDGMENT

This Adversary Proceeding is before the court on Plaintiff Momma Tried Sports Cards, LLC’s (“Plaintiff”) Motion for Summary Judgment [Doc. #44], and Defendant-Debtor Jason M. Leibold’s (“Defendant-Debtor”) Response to Plaintiff’s Motion for Summary Judgment [Doc. #49]. In the Complaint, Plaintiff seeks a determination that the debt owed it by Defendant-Debtor is non-dischargeable under 11 U.S.C. §§523(a)(2)(A), (a)(2)(B), and (a)(6). [Doc #1, pp. 7-8]. The Court has jurisdiction over Defendant-Debtor’s underlying Chapter 7 case and this adversary proceeding pursuant to 28 U.S.C. §§1334, 157(a), and Local General Order 2012–7 of the United States District Court for the Northern District of Ohio. Actions to determine dischargeability are core proceedings that this court may hear and determine. 28 U.S.C. §§157(b)(1) and (b)(2)(I). For the following reasons, Plaintiff’s Motion for Summary Judgment will be denied. FACTUAL BACKGROUND In early March 2022, Plaintiff entered into a business agreement (the “Agreement”) with the Defendant-Debtor. [Doc. #1, ¶9]. Pursuant to the Agreement, Plaintiff was to provide Defendant-Debtor with inventory consisting of factory-sealed boxes of sports cards and other memorabilia, including jerseys and football helmets. [Id.] The products, valued at approximately $225,000, were intended for resale through Defendant-Debtor’s card “breaking” business. [Id., ¶¶10 & 15]. This business model appears to involve selling individual slots to collectors, who then receive specific cards from opened boxes during live online events. [Id., ¶11]. Plaintiff averred that: 12. In order to induce Plaintiff to transfer additional inventory to Leibold, Leibold repeatedly represented to Plaintiff that the ‘breaking’ enterprise was profitable, that business was good, and that Leibold was making money and generating revenue from the sale of Plaintiff’s products.

13. From March 2022 until June of 2022, Leibold regularly sent Plaintiff emails which included an inventory list of products which Plaintiff made available to Defendant and the dollar amount of purported sales made by Defendant of those products to third parties. 14. In reliance of these representation made by Leibold, Plaintiff made additional inventory available to Leibold.

15. Between approximately March 21, 2022 and June 15, 2022, Plaintiff made available to Defendant over 600 factory sealed boxes of sports cards – including over 150,000 individual sports cards – and other sports memorabilia with a total retail value of $225,000.00. [Id., ¶¶12-15]. In June 2022, Plaintiff discovered that four checks provided by Defendant-Debtor had been dishonored for insufficient funds. [Id., ¶16]. On June 26, 2022, Defendant-Debtor issued another check for $13,151, which was also returned for insufficient funds. [Id., ¶17]. Subsequently, on July 6, 2022, Defendant-Debtor met with Brian Lonsway, Plaintiff’s principal and managing member, at Lonsway’s residence. [Id., ¶18]. Plaintiff’s Complaint further avers that: 19. During the July 6, 2022 meeting, Leibold confessed that Leibold had systemically misrepresented the health of the card ‘breaking’ enterprise and revealed that Leibold had falsified the alleged ‘sales data’ contained in the multiple emails sent by Leibold to Plaintiff. 20. In actuality, Leibold had failed to make money from the sale of the Plaintiff’s products and had used what limited funds Leibold received from the sale of the products to pay for Leibold’s living and other personal expenses. 21. Leibold further revealed to Plaintiff that Leibold had opened all of the sealed product which had been provided to Leibold by Plaintiff, including over $100,000 of product which was opened outside of the live ‘break’ events. [Id., ¶¶19-21]. On August 3, 2022, Plaintiff asserts that Defendant-Debtor provided it a falsified bank deposit slip showing a $185,000 deposit into his account. [Id., ¶24]. According to Plaintiff’s Complaint, Defendant-Debtor represented that the funds were from a loan or third-party investment intended to reimburse Plaintiff, leading Plaintiff to refrain from taking immediate legal action. [Id., ¶¶24-26]. Despite these assurances, Defendant-Debtor failed to make any payments to Plaintiff or return the provided inventory. [Id., ¶27]. Plaintiff’s claims against Defendant-Debtor were subsequently stayed and remain pending in the Huron County Court of Common Pleas under Case No. CVH20220727. On January 18, 2023, Defendant-Debtor filed a Chapter 7 bankruptcy petition. [Case #23- 30070, Doc. #1]. Defendant listed Plaintiff as a creditor on Schedule F of his petition with a debt amount of $1,500,000, marking it as disputed. [See, id.; Doc. #1, ¶8; Doc. #44, p. 2]. On January 23, 2023, Defendant-Debtor was indicted in Lorain County for theft and passing bad checks. [Doc. #44, p. 2]. He pleaded guilty to multiple felony counts on September 25, 2023, including one count of theft by deception and five counts of passing bad checks. [Id., p. 3; id., Ex. 2]. The Lorain County Common Pleas Court ordered Defendant-Debtor to pay restitution of $141,000 to Plaintiff as part of his sentence. [Id.]. On May 8, 2023, Plaintiff initiated this adversary proceeding, asserting that Defendant- Debtor’s actions constituted fraudulent misrepresentation and willful and malicious injury under §§523(a)(2)(A), (a)(2)(B), and (a)(6). [Doc. #1]. Plaintiff seeks to have the debt declared non- dischargeable, citing Defendant-Debtor’s fraudulent conduct, misuse of inventory, and false representations.1 Defendant-Debtor denied all of Plaintiff’s allegations in his Answer [Doc. #5]. In his response to Plaintiff’s Motion for Summary Judgment, Defendant-Debtor argued that there are genuine issues of material fact requiring resolution through trial. [Doc. #49]. Plaintff’s Motion for Summary Judgment does not provide any documentation regarding: 1) the terms of the Agreement; 2) any copies of the dishonored checks; 3) any of the alleged communications that induced Plaintiff to provide additional inventory; or 4) documents showing the specific delivery dates of the product to be sold and the values of the delivered product. SUMMARY JUDGMENT STANDARD Under Rule 56 of the Federal Rules of Civil Procedure, made applicable to this proceeding

1/ Plaintiff’s Motion for Summary Judgment, however, only cites §§523(a)(2)(A) and (a)(6) as the basis for non- dischargeablity [Doc. #44]. by Federal Rule of Bankruptcy Procedure 7056, summary judgment is proper only when there is no genuine dispute as to any material fact and the moving party is entitled to judgment as a matter of law. Fed. R. Civ. P.

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Momma Tried Sports Cards, LLC v. Leibold, Counsel Stack Legal Research, https://law.counselstack.com/opinion/momma-tried-sports-cards-llc-v-leibold-ohnb-2025.