Sarakhman v. Sumitomo Mitsui Finance and Leasing Company, LTD.

CourtDistrict Court, S.D. New York
DecidedAugust 29, 2025
Docket1:24-cv-05817
StatusUnknown

This text of Sarakhman v. Sumitomo Mitsui Finance and Leasing Company, LTD. (Sarakhman v. Sumitomo Mitsui Finance and Leasing Company, LTD.) is published on Counsel Stack Legal Research, covering District Court, S.D. New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Sarakhman v. Sumitomo Mitsui Finance and Leasing Company, LTD., (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK NIKOLAI SARAKHMAN, Plaintiff, 24-CV-5817 (JGLC) -against- OPINION AND ORDER SUMITOMO MITSUI FINANCE AND LEASING COMPANY, LTD., Defendant. JESSICA G. L. CLARKE, United States District Judge: Plaintiff Nikolai Sarakhman (“Plaintiff”), who also goes by “Nick,” alleges that Defendant Sumitomo Mitsui Finance and Leasing Company, LTD. (“Sumitomo” or “Defendant”) discriminated against him on the basis of his Russian and Belarussian ancestry when it denied his credit application and purportedly refused to honor a financing agreement it reached with him. Plaintiff has asserted violations of the Equal Credit Opportunity Act (“ECOA”), 15 U.S.C. § 1691 et seq., Section 1981 of the Civil Rights Act, 42 U.S.C. § 1981, and related provisions of the New York State and City Human Rights Laws. Before the Court is Defendant’s motion to dismiss pursuant to Rule 12(b)(6). Defendant argues that Plaintiff has not pled facts sufficient to show that Defendant acted with any discriminatory intent, or that Defendant ever took any adverse actions against him. ECF No. 13. As set forth in detail below, it is clear from the face of the complaint (and the documents incorporated therein) that Defendant never denied Plaintiff’s application, and that Plaintiff has failed to allege facts giving rise to a plausible inference of discrimination. The Court therefore GRANTS the motion to dismiss. Plaintiff, however, will be provided leave to amend his complaint. BACKGROUND In considering a motion to dismiss under Fed. R. Civ. P. 12(b)(6), “a district court may consider the facts alleged in the complaint, documents attached to the complaint as exhibits, and documents incorporated by reference in the complaint.” DiFolco v. MSNBC Cable L.L.C., 622 F.3d 104, 111 (2d Cir. 2010). The following facts are, unless otherwise noted, taken from the

complaint and presumed to be true for the purposes of the instant motion. See LaFaro v. N.Y. Cardiothoracic Grp., PLLC, 570 F.3d 471, 475 (2d Cir. 2009). Plaintiff Nikolai Sarakhman is a man of Russian and Belarussian descent who owns Byteks USA, LLC (“Byteks”). ECF No. 1 (the “Complaint” or “Compl.”) ¶ 7. Byteks is a licensed freight carrier. Id. Defendant Sumitomo is a Japanese multinational company providing banking services. Id. ¶ 9. In January 2023, Plaintiff contacted Sumitomo to request financing for a truck he sought to purchase for his business. Id. ¶ 10. On February 6, 2023, Jason Gregory— Vice President and Regional Sales Manager at Sumitomo (“VP Gregory”)—confirmed in an email to Plaintiff that he had been approved for financing, and that the approval would remain

valid for 90 days. ECF No. 1-1 at 4. Plaintiff, however, needed additional time to find the truck he wanted. Id. at 3–4. On March 20, 2023, Plaintiff emailed VP Gregory after he found a truck he wished to purchase using the financing from the previously approved loan. Compl. ¶ 13; ECF No. 1-1 at 4. The following day, VP Gregory confirmed that Plaintiff still had an open approval, and that Sumitomo could provide financing up to $171,000. Compl. ¶ 14. However, VP Gregory noted it would take “a day or so” for funds to be sent, and that it would take time for him to get “formal approval” if Plaintiff purchased a truck in an auction for an unknown dollar amount. ECF No. 1-

2 1 at 5. Plaintiff thereafter purchased a truck for $177,500 plus “auction fees” (later revealed to be $4,000). Compl. ¶ 15; ECF No. 1-1 at 6. On March 31, 2023, Plaintiff informed Sumitomo of the $177,500 purchase price and auction fees. ECF No. 1-1 at 6. VP Gregory responded “[t]here is no information on the truck” and asked Plaintiff to provide that information and exact dollar amount so that he could “get it

submitted to credit for approval.” Id. VP Gregory also asked Plaintiff to provide the “specs on the truck in order to get the asset approved.” ECF No. 1-1 at 7. A few days later, on April 2, 2023, Plaintiff provided the invoice for the truck and told VP Gregory he was working on getting a copy of the title. Id. Plaintiff alleges on that same day, he had a phone call with VP Gregory in which Plaintiff revealed his Russian and Belarussian ancestry and the fact that he immigrated to the United States as a child. Compl. ¶ 18. After this phone call, VP Gregory told Plaintiff that Sumitomo was looking through his social media activity, which Plaintiff described as “an unusual step” taken only after Defendant learned of his ancestry. Id. ¶ 19. On April 3, 2023, VP Gregory asked Plaintiff to confirm he was the “100% owner of

Byteks USA,” and Plaintiff promptly confirmed he was. Id. ¶¶ 20, 21. VP Gregory then asked Plaintiff to confirm “Nikolai Sarakhman,” rather than “Nick,” was the sole owner of Byteks. Id. ¶ 22. Plaintiff again gave a prompt confirmation. Id. Two days later, on April 5, 2023, VP Gregory emailed Plaintiff, writing that Sumitomo’s compliance team was “very thorough” and had questions regarding whether Plaintiff conducted any operations in Russia or Belarus. Id. ¶ 24. VP Gregory explained that the compliance inquiry arose because Plaintiff’s company had the same name as an entity in Russia and Belarus “that [Sumitomo’s] compliance has issues with . . .” ECF No. 1-1 at 11. Plaintiff responded he had no presence in either country, and that he only was “born in Russia and grew up in Belarus.” Compl. ¶ 25. Plaintiff did state, however, that his 3 company “used to buy Belarusian made boots to sell in America” that he sold via e-Bay, Amazon, and their website. ECF No. 1-1 at 11. Plaintiff explained that due to the “current political situation” Byteks stopped buying these products and was “just liquidating leftovers.” Id. On April 10, 2023, VP Gregory informed Plaintiff that he had no control over the compliance process, and that Sumitomo’s Sanctions team “completed their review” and were

sending the case to the “Reputational Risk diversion [team] for review.” Compl. ¶ 26. As a result, VP Gregory suggested to Plaintiff that he pursue other financing in case VP Gregory could not get Plaintiff an answer as quickly as he wanted. Id. A week later, Plaintiff demanded a yes or no answer; because VP Gregory remained unable to provide an update, he told Plaintiff he should assume it would be a “no” for the purposes of planning his next steps. Id. ¶¶ 27–28. Plaintiff subsequently secured a new loan from a different lender. Id. ¶ 29. Plaintiff alleges that as a result of Sumitomo’s actions, he faced a delay in securing financing and subsequently lost a long-term contract with a food distribution company. Id. ¶¶ 29–31. Plaintiff filed this action on July 31, 2024 alleging violations of ECOA, the Civil Rights

Act, 42 U.S.C. § 1981 (“Section 1981”), and the New York State and New York City Human Rights Laws (“NYSHRL” and “NYCHRL” respectively). ECF No. 1. On October 22, 2024, Defendant moved to dismiss the complaint pursuant to Rule 12(b)(6). ECF No. 13, 13-1 (“Mem.”). After Plaintiff missed his opposition deadline, the Court issued an order to show cause why the delay should be excused. ECF No. 19. The Court discharged that order on November 19, 2024 for good cause shown. Plaintiff filed his opposition on December 10, 2024. ECF No. 24 (“Opp.”). Defendant filed a reply on January 9, 2025. ECF No. 27.

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Sarakhman v. Sumitomo Mitsui Finance and Leasing Company, LTD., Counsel Stack Legal Research, https://law.counselstack.com/opinion/sarakhman-v-sumitomo-mitsui-finance-and-leasing-company-ltd-nysd-2025.