PORTAL v. LEVINE

CourtDistrict Court, D. New Jersey
DecidedOctober 26, 2021
Docket2:19-cv-19611
StatusUnknown

This text of PORTAL v. LEVINE (PORTAL v. LEVINE) is published on Counsel Stack Legal Research, covering District Court, D. New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
PORTAL v. LEVINE, (D.N.J. 2021).

Opinion

UNITED STATES DISTRICT COURT DISTRICT OF NEW JERSEY

LARRY PORTAL, et al.,

Plaintiff, Civil Action No. 19-19611 v. ORDER SETH LEVINE, et al., Defendants.

THIS MATTER comes before the Court by way of Plaintiffs Larry Portal (“Portal”), Frank Maiorano (“Maiorano”), Gracy Weberman (“Weberman”), Jahn Brodwin (“Brodwin”), Donald J. Noone II (“Noone”), Martin Goldstein (“Goldstein”), and David Metzman’s (“Metzman” and collectively with Portal, Maiorano, Weberman, Brodwin, Noone, and Goldstein, “Plaintiffs”) unopposed Motion for Default Judgment,1 ECF No. 55, against Defendants Seth Levine (“Levine”), Teaneck Plaza Ventures LLC (“Teaneck LLC”), 2680 Kennedy Ventures (“Kennedy Ventures”), Englewood Funding, LLC (“Englewood Funding LLC”), Hillside Norse LLC (“Hillside LLC”), PA Norse LLC (“PA LLC”), 2817 Palisades Venture, LLC (“Palisades LLC”), Clifton DL Ventures LLC (“Clifton LLC”), Sussex Norse LLC, 4318 Kennedy Partners, LLC (“Kennedy Partners LLC”), Lenox South Park, LLC (“South Park LLC”), Lenox McKinley, LLC (“McKinley LLC”), Post Avenue Ventures, LLC (“Post Avenue LLC”), Plainfield Norse, LLC (“Plainfield LLC”), 219 Hillside Ventures LLC (“Hillside Ventures LLC”), Bayonne Ventures, LLC (“Bayonne LLC”), Jordan Ventures LLC (“Jordan LLC”), Orange LP Ventures, LLC (“Orange LLC”), Plainfield PA Ventures (“Plainfield Ventures”), Passaic Main Norse LLC

1 In deciding a motion for default judgment, “the factual allegations in a complaint, other than those as to damages, are treated as conceded by [the] defendant.” DIRECTV, Inc. v. Pepe, 431 F.3d 162, 165 (3d Cir. 2005). (“Passaic LLC), Perth NB Ventures LLC (“Perth NB LLC”), Sussex Ventures LLC, Perth LP Ventures, LLC (“Perth LP LLC”), Clifton 126 Center LLC (“Clifton Center LLC”), and Englewood Norse, LLC (“Englewood Norse LLC”) (collectively, “Defendants”); and it appearing that this action arises out of an alleged scheme to defraud real estate

investors perpetrated by Defendants, see generally Compl., ECF No. 1; and it appearing that Levine solicited Plaintiffs to invest in real property through a series of LLCs formed by Levine (the “Defendant LLCs”), id. ¶¶ 37, 41, 45, 49, 53, 57, 61, 65, 69, 73, 77, 81, 85, 89, 93, 97, 101, 105, 107, 111, 115, 117, 120, 123; and it appearing that Levine served as the managing member for each Defendant LLC, id. ¶ 175; and it appearing that Portal invested (1) $192,500 in Kennedy Ventures, which purchased property in Jersey City, New Jersey in February 2012, id. ¶¶ 37-39; (2) $215,000 in Englewood Funding LLC, which purchased property in Englewood, New Jersey in 2103, id. ¶¶ 41-43; (3) $65,000 in Hillside LLC, which purchased property in Hillside, New Jersey in May 2013, id. ¶¶

45-47; (4) $95,000 in PA LLC, which purchased property in Perth Amboy, New Jersey in May 2013, id. ¶¶ 49-51; (5) $70,000 in Palisades LLC, which purchased property in Union City, New Jersey in February 2014, id. ¶¶ 53-55; (6) $100,000 in Clifton LLC, which purchased property in Clifton, New Jersey in June 2014, id. ¶¶ 57-59; (7) $95,000 in Sussex Norse LLC, which purchased property in Bayonne, New Jersey in June 2014, id. ¶¶ 61-63; (8) $207,500 in Teaneck LLC, which purchased property in Teaneck, New Jersey in November 2015, id. ¶¶ 65-67; (9) $100,000 in Kennedy Partners LLC, which purchased property in Union City in December 2014, id. ¶¶ 69-71; (10) $62,500 in South Park LLC, which purchased property in Hackensack, New Jersey in March 2015, id. ¶¶ 73-75; (11) $62,500 in McKinley LLC, which purchased property in Hackensack in March 2015, id. ¶¶ 77-79; (12) $160,000 in Sussex Ventures LLC, which purchased property in Bayonne in May 2015, id. ¶¶ 81-83; (13) $62,500 in Englewood Norse LLC, which purchased property in Bayonne in August 2015, id. ¶¶ 85-87; (14) $60,000 in Post Avenue LLC, which purchased property in Passaic, New Jersey in November 2015, id. ¶¶ 89-91; (15) $73,000 in

Plainfield LLC, which purchased property in Perth Amboy in January 2016, id. ¶¶ 93-95; (16) $137,500 in Hillside Ventures LLC, which purchased property in Hillside in March 2016, id. ¶¶ 97-99; (17) $125,000 in Bayonne LLC, which purchased property in Bayonne in February 2016, id. ¶¶ 101-03; (18) $53,437.50 in Jordan LLC, id. ¶¶ 105-06; (18) $80,000 in Orange LLC, which purchased property in West Orange, New Jersey in September 2017, id. ¶¶ 107-09; (19) $135,000 in Plainfield Ventures, which purchased property in Perth Amboy in September 2017, id. ¶¶ 111- 13; (20) $60,000 in Passaic LLC, id. ¶¶ 115-16; (21) $99,750 in Perth NB LLC, id. ¶¶ 117-18; and (22) $140,000 in Perth LP LLC, id. ¶¶ 120-21; and it appearing that Maiorano invested (1) $27,500 in Kennedy Ventures, which purchased property in Jersey City in February 2012, id. ¶¶ 37-39; (2) $50,000 in Englewood

Funding LLC, which purchased property in Englewood in 2103, id. ¶¶ 41-43; (3) $15,000 in Hillside LLC, which purchased property in Hillside in May 2013, id. ¶¶ 45-47; (4) $45,000 in PA LLC, which purchased property in Perth Amboy in May 2013, id. ¶¶ 49-51; (5) $35,000 in Palisades LLC, which purchased property in Union City in February 2014, id. ¶¶ 53-55; (6) $30,000 in Sussex Norse LLC, which purchased property in Bayonne in June 2014, id. ¶¶ 61- 63; and (7) $41,500 in Teaneck LLC, which purchased property in Teaneck in November 2015, id. ¶¶ 65-67; and it appearing that Weberman invested (1) $35,000 in Englewood Funding LLC, which purchased property in Englewood in 2103, id. ¶¶ 41-43; (2) $30,000 in Hillside LLC, which purchased property in Hillside in May 2013, id. ¶¶ 45-47; (3) $10,000 in PA LLC, which purchased property in Perth Amboy in May 2013, id. ¶¶ 49-51; (4) $35,000 in Palisades LLC, which purchased property in Union City in February 2014, id. ¶¶ 53-55; (5) $67,500 in Clifton LLC, which purchased property in Clifton in June 2014, id. ¶¶ 57-59; (6) $25,000 in Sussex Norse LLC,

which purchased property in Bayonne in June 2014, id. ¶¶ 61-63; (7) $41,500 in Teaneck LLC, which purchased property in Teaneck in November 2015, id. ¶¶ 65-67; (8) $60,000 in Orange LLC, which purchased property in West Orange in September 2017, id. ¶¶ 107-09; (9) $60,000 in Plainfield Ventures, which purchased property in Perth Amboy in September 2017, id. ¶¶ 111-13; and (10) $70,000 in Perth LP LLC, id. ¶¶ 120-21; and it appearing that Brodwin invested (1) $100,000 in Englewood Funding LLC, which purchased property in Englewood in 2013, id. ¶¶ 41-43; (2) $25,000 in Hillside LLC, which purchased property in Hillside in May 2013, id. ¶¶ 45-47; (3) $35,000 in Clifton LLC, which purchased property in Clifton in June 2014, id. ¶¶ 57-59; (4) $25,000 in Sussex Norse LLC, which purchased property in Bayonne in June 2014, id. ¶¶ 61-63; (5) $41,500 in Teaneck LLC, which

purchased property in Teaneck in November 2015, id. ¶¶ 65-67; (6) $12,500 in South Park LLC, which purchased property in Hackensack in March 2015, id. ¶¶ 73-75; and (7) $12,500 in McKinley LLC, which purchased property in Hackensack in March 2015, id. ¶¶ 77-79; and it appearing that Noone invested (1) $100,000 in Englewood Funding LLC, which purchased property in Englewood in 2103, id. ¶¶ 41-43; (2) $35,000 in Hillside LLC, which purchased property in Hillside in May 2013, id. ¶¶ 45-47; (3) $35,000 in Palisades LLC, which purchased property in Union City in February 2014, id. ¶¶ 53-55; (4) $35,000 in Clifton LLC, which purchased property in Clifton in June 2014, id. ¶¶ 57-59; (5) $25,000 in Sussex Norse LLC, which purchased property in Bayonne in June 2014, id. ¶¶ 61-63; (6) $83,000 in Teaneck LLC, which purchased property in Teaneck in November 2015, id. ¶¶ 65-67; (7) $65,000 in Kennedy Partners LLC, which purchased property in Union City in December 2014, id. ¶¶ 69-71; (8) $12,500 in South Park LLC, which purchased property in Hackensack in March 2015, id.

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PORTAL v. LEVINE, Counsel Stack Legal Research, https://law.counselstack.com/opinion/portal-v-levine-njd-2021.