Nations Fund, LLC v. NTP Marble, Inc. and Poseidon Industries, Inc.

District Court, M.D. Pennsylvania·Decided July 16, 2026·No. 1:26-cv-00101·Unknown

Opinion

IN THE UNITED STATES DISTRICT COURT FOR THE MIDDLE DISTRICT OF PENNSYLVANIA

NATIONS FUND, LLC, : Plaintiff : No. 1:26-cv-00101 : v. : (Judge Kane) : NTP MARBLE, INC., : and POSEIDON INDUSTRIES, INC., : Defendants :

MEMORANDUM

Before the Court is a motion seeking dismissal of Plaintiff Nations Fund, LLC (“Plaintiff”)’s amended complaint pursuant to Federal Rule of Civil Procedure 12(b)(6), filed by Defendant NTP Marble, Inc. (“Defendant NTP” or “NTP”). (Doc. No. 13.) Also before the Court is Plaintiff’s request for default judgment against Defendant Poseidon Industries, Inc. (“Defendant Poseidon”). (Doc. No. 19.) For the following reasons, the Court will grant the motion to dismiss in part and deny it in part and deny Plaintiff’s request for default judgment against Defendant Poseidon without prejudice. I. BACKGROUND1 On or about December 27, 2024, Plaintiff, a citizen of a state other than Pennsylvania with a principal place of business in Connecticut, and Defendant NTP, a citizen of Pennsylvania (Doc. No. 5 ¶¶ 3–8), entered into a Master Lease Agreement (“MLA”) which provided that Defendant NTP would lease from Plaintiff certain equipment and property (“Equipment”) described in various equipment schedules executed pursuant to the MLA (id. ¶ 11).2 Plaintiff

1 The factual background is drawn from Plaintiff’s amended complaint, the allegations of which the Court accepts as true for purposes of the pending motion to dismiss. See Kedra v. Schroeter, 876 F.3d 424, 434 (3d Cir. 2017).

2 Plaintiff attaches the MLA as Exhibit A to the amended complaint. (Id. ¶ 12; Doc. No. 5-1.) alleges that the MLA included a “Payment Direction Authorization” pursuant to which Defendant NTP “irrevocably authorized and instructed Plaintiff to disburse funds in the amount of $2,031,000.00” to Defendant Poseidon, a citizen of the state of Florida. (Id. ¶¶ 9, 13.) Plaintiff asserts that, on or about December 27, 2024, it wired $2,031,000.00 to Defendant Poseidon. (Id. ¶ 14.)3 Plaintiff avers that subsequently, on or about November 18, 2025,

Plaintiff sent a Notice of Default and Demand for Payment (“First Notice”) via electronic and overnight mail to Defendant NTP for the purpose of “providing notice [that] [NTP]4 was in default of the MLA for failure to pay amounts due and owing thereunder and demanding immediate payment of past due amounts.” (Id. ¶ 16.)5 Plaintiff further avers that, on or about January 7, 2026, Plaintiff’s counsel sent a Notice of Default and Demand for Payment (“Second Notice”) via electronic and overnight mail to Defendant NTP, notifying it that “due to [NTP’s]6 defaults under the MLA, Plaintiff ‘accelerates and declares the entire balance due and owing under the MLA to be immediately due and payable in full,’ and providing that the total amount due under the MLA as of January 7, 2026, including liquidated damages, is $2,178,173.92.”

(Id. ¶ 18.)7 Plaintiff asserts that “NTP has not cured the default or otherwise responded to

3 Plaintiff attaches invoices from Poseidon for the Equipment as Exhibit B to its amended complaint. (Id. ¶ 15; Doc. No. 5-2.)

4 In its brief in opposition to Defendant NTP’s motion to dismiss, Plaintiff clarifies that it included a “scrivener’s error” in this paragraph of its amended complaint when it referenced “Plaintiff” instead of “NTP.” (Doc. No. 16 at 3 n.3.)

5 Plaintiff attaches the “First Notice” as Exhibit C to its amended complaint. (Id. ¶ 17; Doc. No. 5-3.)

6 In its brief in opposition to Defendant NTP’s motion to dismiss, Plaintiff clarifies that it included a “scrivener’s error” in this paragraph of its amended complaint when it referenced “Plaintiff” instead of “NTP.” (Doc. No. 16 at 3 n.3.)

7 Plaintiff attaches the “Second Notice” as Exhibit D to its amended complaint. (Id. ¶ 19; Doc. Plaintiff’s demands for payment.” (Id. ¶ 20.) On January 16, 2026, Plaintiff filed its complaint in this Court asserting one count of breach of contract and an alternative count of unjust enrichment against Defendant NTP. (Doc. No. 1.) Before Defendant NTP responded to the complaint, on February 19, 2026, Plaintiff filed

an amended complaint asserting the same breach of contract (Count I) and alternative unjust enrichment (Count II) claims against Defendant NTP based on Defendant NTP’s alleged failure to pay a delinquent balance under the MLA. (Doc. No. 5 at 1–6.) The amended complaint adds two additional counts against Defendant NTP—conversion (Count III) and replevin (Count IV)— which allege, as to the conversion count, that to the extent Defendant NTP has possession of the Equipment governed by the MLA, it has converted the Equipment and so Plaintiff is entitled to the value of the equipment of $2,031,000.00. (Id. at 6–7.) As to the replevin count, Plaintiff alleges that it is entitled to the immediate return of the Equipment and “special damages for broker fees paid in connection with the purchase of the Equipment in the amount of $50,775.00.” (Id. at 7–8.)

Plaintiff’s amended complaint also adds Poseidon as a Defendant and alleges “alternative” claims of unjust enrichment (Count V), conversion (Count VI), and replevin (Count VII) against it based on Plaintiff’s alternative allegation that Defendant Poseidon accepted $2,031,000.00 from Plaintiff but has failed to deliver the Equipment in exchange for the payment. See (id. at ¶¶ 43, 45 (“[a]lternatively, Plaintiff brings a cause of action for unjust enrichment against Poseidon” because “Poseidon has been unjustly enriched by receiv[ing] $2,031,000.00 from Plaintiff and failing to deliver the Equipment”); ¶ 49 (“[a]lternatively, to the extent Poseidon is in possession of the equipment, such possession is intentionally wrongful

No. 5-4.) following the payment to Poseidon by Plaintiff”); ¶ 55 (“[a]lternatively, to the extent Poseidon is in possession of the Equipment, such possession is intentionally wrongful following the payment to Poseidon by Plaintiff”)). After seeking an extension of time to respond to the amended complaint (Doc. No. 8),

which the Court granted (Doc. No. 9), Defendant NTP filed the instant motion to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6) (Doc. No. 13) on April 20, 2026. Defendant NTP filed its brief in support of its motion on May 4, 2026. (Doc. No. 14.) Plaintiff filed its brief in opposition to the motion on May 18, 2026. (Doc. No. 16.) Because the time for filing a reply brief has expired, the motion is ripe for disposition. On June 10, 2026, Plaintiff, representing that Defendant Poseidon failed to timely respond to the amended complaint, filed a request for entry of default as to Defendant Poseidon (Doc. No. 17) with an attached affidavit (Doc. No. 17-1) and proposed order (Doc. No. 17-2). The Clerk of Court entered default as to Defendant Poseidon on June 12, 2026. (Doc. No. 18.) On June 25, 2026, Plaintiff filed a request for entry of default judgment against Defendant

Poseidon in the amount of $2,081,775.00. (Doc. No. 19.)8 II. LEGAL STANDARDS A. Motion to Dismiss Pursuant to Federal Rule of Civil Procedure 12(b)(6) Federal notice and pleading rules require the complaint to provide the defendant notice of the claim and the grounds upon which it rests. See Phillips v. County of Allegheny, 515 F.3d 224, 232 (3d Cir. 2008). The plaintiff must present facts that, accepted as true, demonstrate a

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Nations Fund, LLC v. NTP Marble, Inc. and Poseidon Industries, Inc., (M.D. Pa. 2026).

Nations Fund, LLC v. NTP Marble, Inc. and Poseidon Industries, Inc. (Nations Fund, LLC v. NTP Marble, Inc. and Poseidon Industries, Inc.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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