PJSC ARMADA VS. ALEXY KUZOVKIN (L-0197-19, BERGEN COUNTY AND STATEWIDE)

CourtNew Jersey Superior Court Appellate Division
DecidedSeptember 3, 2021
DocketA-1893-19
StatusUnpublished

This text of PJSC ARMADA VS. ALEXY KUZOVKIN (L-0197-19, BERGEN COUNTY AND STATEWIDE) (PJSC ARMADA VS. ALEXY KUZOVKIN (L-0197-19, BERGEN COUNTY AND STATEWIDE)) is published on Counsel Stack Legal Research, covering New Jersey Superior Court Appellate Division primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
PJSC ARMADA VS. ALEXY KUZOVKIN (L-0197-19, BERGEN COUNTY AND STATEWIDE), (N.J. Ct. App. 2021).

Opinion

NOT FOR PUBLICATION WITHOUT THE APPROVAL OF THE APPELLATE DIVISION This opinion shall not "constitute precedent or be binding upon any court ." Although it is posted on the internet, this opinion is binding only on the parties in the case and its use in other cases is limited. R. 1:36-3.

SUPERIOR COURT OF NEW JERSEY APPELLATE DIVISION DOCKET NO. A-1893-19

PJSC ARMADA and ARSENAL ADVISOR, LTD.,

Plaintiffs-Appellants,

v.

ALEXY KUZOVKIN, ALLA ROITMAN, and YEFIM ROITMAN,

Defendants-Respondents. ___________________________

Argued May 20, 2021 – Decided September 3, 2021

Before Judges Hoffman, Suter, and Smith.

On appeal from the Superior Court of New Jersey, Law Division, Bergen County, Docket No. L-0197-19.

Corinne McCann Trainor argued the cause for appellants (Fox Rothschild, LLP, attorneys; Ely Goldin and Corinne McCann Trainor, of counsel and on the briefs; Allison L. Hollows, on the briefs).

Jeffrey Fleischmann argued the cause for respondent Alexy Kuzovkin. Peter Slocum argued the cause for respondents Alla Roitman and Yefim Roitman (Lowenstein Sandler, LLP, attorneys; Christopher S. Porrino and Peter Slocum, on the brief).

PER CURIAM

Plaintiffs PJSC Armada (Armada) and Arsenal Advisor Ltd. (Arsenal)

appeal from two Law Division orders, dated June 28, and December 2, 2019,

that dismissed their complaint with prejudice against defendants, Alla Roitman,

Yefim Roitman, and Alexy Kuzovkin. In the June 28, 2019 order, the motion

court dismissed plaintiffs' claims against the Roitmans for failure to state a claim

upon which relief can be granted under Rule 4:6-2(e) and on forum non

conveniens grounds; additionally, it dismissed Arsenal's claims for lack of

standing. In the December 2, 2019 order, the court dismissed plaintiffs' claims

against Kuzovkin for lack of personal jurisdiction.

We conclude the motion court erred in dismissing plaintiffs' complaint

with prejudice, as its dismissal at this stage did not represent an adjudication on

the merits. Thus, any dismissal of plaintiffs' claims should have been without

prejudice to afford plaintiffs the opportunity to amend their complaint. We

further conclude the motion court's dismissals on jurisdictional grounds were

premature; instead, the court should have permitted discovery on the questions

A-1893-19 2 of personal jurisdiction and forum non conveniens. Finally, we conclude the

motion court erred in dismissing plaintiffs' claims pursuant to Rule 4:6-2(e).

Accordingly, we reverse and remand for discovery and to allow plaintiffs to

amend their complaint.

I.

A.

Because this appeal comes to us on a Rule 4:6-2 motion to dismiss, we

accept the facts alleged in the complaint as true, granting plaintiff "every

reasonable inference of fact." Green v. Morgan Props., 215 N.J. 431, 452 (2013)

(quoting Printing Mart-Morristown v. Sharp Elecs. Corp., 116 N.J. 739, 746

(1989)). Thus, we begin with a summary of the facts pled by plaintiffs.

Plaintiff Armada is a public joint-stock company formed and registered in

the Russian Federation, with its principal place of business in Moscow.

Armada's stock trades on the Moscow Interbank Currency Exchange. At all

relevant times, Armada served as the parent company of a consortium of

companies which, at its peak in 2012, ranked as one of the top five software

developers in Russia, with combined annual sales of approximately RUB 5.579

million (or $184 million under the 2012 prevailing exchange rate).

A-1893-19 3 Plaintiff Arsenal, a corporation formed under the laws of the British

Virgin Islands, was the principal shareholder of Armada. Armada's other

shareholders included major American, European, and Russian financial

institutions.

Defendant Kuzovkin led Armada's management team and, from 2012 to

2014, engaged in a fraudulent scheme to siphon money and technology from

Armada for his personal benefit. Kuzovkin's illegal scheme involved: 1) the

transfer of Armada funds to shell companies under the guise of software

development contracts; 2) the formation of a competitor company, Programmy

Produkt LLC, which poached business and employees from Armada; and 3)

usurious lending between Armada and three of its wholly owned subsidiaries.

Russian banks facilitated Kuzovkin's scheme by allowing him to transfer the

profits of his schemes into shell companies and offshore accounts.

In late 2013, Armada's shareholders commenced corporate and legal

proceedings in Russia to oust Kuzovkin and the other Armada managers from

their posts, eventually succeeding in 2014; however, Kuzovkin fled to Austria,

leaving Armada's offices completely empty. Before fleeing to Austria, in the

fall of 2013, Kuzovkin purchased $8,500,000 worth of real estate in Austria and

Russia using the embezzled funds. This included an October 18, 2013 purchase

A-1893-19 4 of a luxury Moscow apartment owned by defendant Alla Roitman, a New Jersey

citizen living in Mahwah. On that same day, Kuzozkin also used embezzled

funds to purchase an automobile parking spot associated with the apartment

from Alla Roitman's father, Yefim Roitman, also a New Jersey citizen.

In August 2017, plaintiffs obtained permission from the United States

District Court for the District of New Jersey, pursuant to 28 U.S.C. § 1782, to

subpoena Alla Roitman for information related to her sale of the Moscow

property to Kuzovkin. In response to the subpoena, Alla Roitman produced one

document, an agreement of sale dated October 18, 2013. Her counsel explained

a cash transaction facilitated the sale, with Kuzovkin dropping off cash in a

Moscow safe deposit box and Alla Roitman retrieving it after the agreement of

sale was signed.

The agreement of sale, written in Russian, lists the sale price as

₽27,560,978 rubles, which equaled approximately $1,000,000 in United State s

dollars (USD). The fair market value of the apartment, however, was

approximately $3,500,000 USD, and plaintiffs allege Kuzovkin actually paid the

equivalent of $3,700,000 USD for the apartment and parking spot via the safety

deposit box, with the sales agreement misrepresenting the sale price to conceal

the embezzled funds Kuzozkin used to pay.

A-1893-19 5 Plaintiffs allege Alla and Yefim Roitman intentionally concealed the true

sale price with Kuzovkin "to assist Kuzovkin in his embezzlement and siphoning

of assets away from Armada and its shareholders." The Roitmans were aware

of Kuzovkin's embezzlement and misconduct, and by assisting him with this

fraudulent transfer, they became active participants in Kuzovkin's illegal

scheme.

B.

On January 9, 2019, plaintiffs filed their Law Division complaint,

asserting six causes of action: (1) breach of fiduciary duty against Kuzovkin

only; (2) aiding and abetting breach of fiduciary duty against the Roitmans only;

(3) common law fraud against all defendants; (4) fraudulent transfer against all

defendants;1 (5) civil conspiracy against all defendants; and (6) racketeering, in

violation of the New Jersey Racketeer Influenced and Corrupt Organizations

Act2 (NJRICO). For relief, plaintiffs "demand[ed] judgment in their favor in an

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PJSC ARMADA VS. ALEXY KUZOVKIN (L-0197-19, BERGEN COUNTY AND STATEWIDE), Counsel Stack Legal Research, https://law.counselstack.com/opinion/pjsc-armada-vs-alexy-kuzovkin-l-0197-19-bergen-county-and-statewide-njsuperctappdiv-2021.