PPI/TimeZero, Inc. v. Zenith Firearms, Inc.

CourtDistrict Court, W.D. Virginia
DecidedMay 29, 2025
Docket3:24-cv-00037
StatusUnknown

This text of PPI/TimeZero, Inc. v. Zenith Firearms, Inc. (PPI/TimeZero, Inc. v. Zenith Firearms, Inc.) is published on Counsel Stack Legal Research, covering District Court, W.D. Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
PPI/TimeZero, Inc. v. Zenith Firearms, Inc., (W.D. Va. 2025).

Opinion

Wlay £27, £ULO LAURA A. AUSTIN, CLERK BY: s/ D. AUDIA DEPUTY CLERK IN THE UNITED STATES DISTRICT COURT POR THE WESTERN DISTRICT OF VIRGINIA CHARLOTTESVILLE DIVISION

PPI/TimeZero, Inc., ) ) Plaintiff, ) ) v. ) Civil Action No. 3:24-cv-00037 ) Zenith Firearms, Inc., ) ) Defendant, ) ) Vv. ) ) SouthStar Financial, LLC ) ) and ) ) Critzer Road Holdings, LLC, ) ) Intervenor-Defendants. _ ) MEMORANDUM OPINION This matter is before the court on “PPI/TimeZero, Inc.’s Motion to Dismiss Critzer Road Holdings, LLC’s Counterclaim.” (Dkt. 69 [hereinafter “PPI Mot.”].) For the reasons that follow, the court will grant in part, and deny in part, the motion to dismiss. I. Background Facts alleged in Critzer Road Holdings, LLC’s (“Critzer’’) Counterclaim are accepted as true for the purpose of resolving the motion. E.I. du Pont de Nemours Co. v. Kolon Indus., Ine, 637 F.3d 435, 440 (4th Cir. 2011); Philips v. Pitt Cnty. Mem’? Hosp., 572 F.3d 176, 180 (4th Cir. 2009).

On or around December 15, 2023, Critzer took ownership of the real property located at 10517 Critzer Shop Road, Afton, Virginia 22920 (the “Real Property”). (Critzer’s Countercl. Against PPI and Cross-cl. Against Zenith ¶ 9 (Dkt. 60) [hereinafter “Countercl.”].) Critzer

came to own the Real Property through a General Warranty Deed from Kaya Properties, LLC. (Id.) The deed was recorded in the Nelson County Circuit Court Office on December 19, 2023. (Id.) In connection with taking ownership of the Real Property, Kaya Properties, LLC “assigned all of its right, title, and interest in and to that certain Zenith Firearms Entities Commercial Lease Agreement dated January 31, 2023 (the ‘Lease’) to Critzer Holdings by way

of that Assignment and Assumption of Lease dated December 15, 2023 (the ‘Lease Assignment’).” (Id. ¶ 10.) Accordingly, Critzer is currently Zenith Firearms, Inc.’s (“Zenith”) landlord. (Id.) The Lease was later amended to identify outstanding rent due under the Lease. (Id. ¶ 11.) At the time of the amendment, the unpaid rent due was approximately $240,000.00. (Id. ¶ 12.) The balance due currently “is in excess of $240,000.00.” (Id. ¶ 13.) Critzer alleges that it “has perfected Landlord lien rights under Virginia law including,

but not limited to, Virginia Code Annotated §§ 43-30; § 8.01-130-130.09 (‘Landlord Lien Rights’), on and against the Real Property and all personal property and goods of Zenith and the other tenants that are located thereon.” (Id. ¶ 14.) Based on those rights, “any creditor of Zenith and the other tenants under the Lease shall not be permitted to remove any goods or property from the Real Property until such time that the creditor first pay[s] the Landlord such amounts owed under the Lease for rent as required by statute.” (Id. ¶ 15.)

2 On April 25, 2024, Critzer filed a UCC-1 Financing Statement and fixture filing— recorded in the Nelson County Clerk’s Office—which asserted and identified its Landlord Lien Rights. (Id. ¶ 16.)

On August 4, 2023, PPI/TimeZero, Inc. (“PPI”) and Zenith entered into a “Settlement Agreement” in which PPI agreed to transfer certain machinery and inventory to Zenith (the “Collateral”). (Id. ¶ 7.) Critzer was not a party to the Settlement Agreement. (Id. ¶ 8.) As part of the original lawsuit in this case, PPI sued Zenith for breach of contract, alleging in part that Zenith had granted PPI a purchase money security interest (“PMSI”) in the Collateral. (Id. ¶ 17.) As defined by the Settlement Agreement, the Collateral includes “all of Zenith’s

right, title and interest in and to each of the following, and whether now or hereafter existing, or now owned or hereafter acquiring or arising, wherever located, any of the foregoing: (y) all inventory and (z) Machinery (defined below) set forth in Schedule 1.3(a), purchased under this Agreement from PP[I].” (Id. ¶ 18.) And “Machinery” as defined in the Settlement Agreement included “(1) All racks for raw materials (steel) handling; (2) 3 x Horizontal CNC lathes (1 with additional vertical head); (3) 1 x Haas 5 axis, CNC workstation included; (4) Lab

equipment component for ‘Hardness Testing’; (5) 2 X Peening machines used to peen over Mag Release Paddle rivet Rock Tumbler (currently located in lathe area); (6) Five tools currently with vendor to be included - specifically, (a) 2 sets of Flat stamping dies; (b) Forearm; (c) Grip; and (d) Cocking Lever tools/molds.” (Id. ¶ 19.) PPI filed a UCC-1 financing statement on or around September 1, 2023, which it alleges covers the Collateral. (Id. ¶ 20.) Critzer alleges that PPI does not have a valid, enforceable, or

perfected PMSI in the Collateral because it did not “comply with the requirements contained 3 in UCC § 9-103 as codified by Va. Code. Ann. § 8.9A-103.” (Id. ¶¶ 21–22.) As a result, Critzer alleges it “has a Landlord’s Lien and Landlord Lien Rights that arose and attached prior to September 1, 2023, and by statute are senior and superior to that of PPI subject to the express

terms of Virginia statute and Landlord Lien Rights.” (Id. ¶ 23.) Critzer claims Zenith owed rent under the Lease in excess of the value of the Collateral. (Id. ¶ 24.) Critzer intervened in the lawsuit between PPI and Zenith, asserting a counterclaim against PPI for a declaratory judgment, (see id. ¶¶ 25–33), and a cross-claim against Zenith for foreclosure, (see id. ¶¶ 34–41.) As relief, Critzer requests that the court: A. Enter an Order of Declaratory Judgment declaring that Critzer Holdings holds perfected landlord liens and Landlord Lien Rights on all of Zenith’s inventory, personal property, and assets that are located on the Real Property Leased Premises to secure all rent amounts due under the Lease from Zenith that is senior to the interests of all other parties, including PPI;

B. Enter an Order of Declaratory Judgment declaring that Critzer Holdings holds a perfected first-priority security interest or Landlord lien in all of Zenith’s property and assets located on the Real Property including the Collateral claimed by PPI that is senior to and has priority over PPI’s interest up to the amount of outstanding rent due under the Lease or as specified by applicable statute;

C. Enter an Order of Declaratory Judgment that PPI (or any other creditor) shall not be permitted to take immediate possession of any Zenith assets or property located on the Real Property Leased Premises until such time that Critzer Holdings is paid the outstanding rent due under the Lease or the Virginia Landlord Lien Rights are otherwise satisfied pursuant to the applicable statutes;

D. Enter an Order for the foreclosure of Critzer Holdings’ first-priority Landlord’s Lien;

E. That if any Order be entered for the sale of the any of Zenith’s assets located on the Real Property Leased premises, including the Collateral, that to proceeds derived from any such sale shall first be paid directly to Critzer Holdings to satisfy any rent obligations owed under the Lease;

4 F. Inquire into the facts and matters alleged herein and preserve and protect the interests of Critzer Holdings in the Collateral and other assets of Zenith;

G. Award actual and consequential damages, attorney’s fees and costs, and other such costs and fees as permitted by the Court; and

H. Grant such other and further relief as the Court deems just and appropriate.

(Id. at 17–18.)

Following Critzer’s counterclaim and cross-claim, PPI filed a motion to dismiss, (see PPI Mot.), and memorandum in support, (see Mem. of Law in Supp. of PPI’s Mot. to Dismiss Critzer’s Countercl. (Dkt. 70) [hereinafter “PPI Mem.”]).

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Bluebook (online)
PPI/TimeZero, Inc. v. Zenith Firearms, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/ppitimezero-inc-v-zenith-firearms-inc-vawd-2025.