Tulis v. Flexibility Capital

CourtDistrict Court, E.D. Tennessee
DecidedJune 17, 2025
Docket1:24-cv-00240
StatusUnknown

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

Bluebook
Tulis v. Flexibility Capital, (E.D. Tenn. 2025).

Opinion

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF TENNESSEE AT CHATTANOOGA

DAVID JONATHAN TULIS, ) ) Case No. 1:24-cv-240 Plaintiff, ) ) Judge Travis R. McDonough v. ) ) Magistrate Judge Michael J. Dumitru FLEXIBILITY CAPITAL, FUNDING ) METRICS LLC, and TBF FINANCIAL ) LLC, ) ) Defendants. ) )

MEMORANDUM AND ORDER

Before the Court are the following motions filed by pro se Plaintiff David Jonathan Tulis: (1) an amended motion for return of seized property (Doc. 49); (2) an amended motion for summary judgment (Doc. 50); (3) an amended motion to void execution of judgment (Doc. 51); (4) an amended motion for order of estoppel (Doc. 53); and (5) a motion for sanctions (Doc. 64). Also before the Court are motions to dismiss filed by Defendant Flexibility Capital (“Flexibility Capital”) and Defendant Funding Metrics LLC (“Funding Metrics”). (Docs. 54, 55, 60, 68.) For the reasons that follow, the Court will DENY Tulis’s motions. The Court will also GRANT Flexibility Capital’s motions to dismiss and DENY Funding Metrics’s motion to dismiss. I. PROCEDURAL HISTORY Tulis initiated this action on July 18, 2024, alleging state-law usury and fraud claims against Defendants Flexibility Capital, Mary Cheadle, Funding Metrics LLC, TBF Financial LLC, and James B.M. Hooper. (See Doc. 1.) Tulis filed an amended complaint on August 12, 2024. (Doc. 13.) Based on Tulis’s amended complaint and prior court rulings, the only claims that remain pending are Tulis’s claims for violation of Tennessee usury laws and for fraud under Tennessee law against Flexibility Capital and Funding Metrics. Flexibility Capital and Funding Metrics previously moved to dismiss Tulis’s claims against them for insufficient service of process. (Docs. 24, 34, 44.) On February 26, 2025, the

Court entered a memorandum and order finding that Tulis had not effectuated proper service on Flexibility Capital and Funding Metrics and ordered Tulis to effectuate proper service and file a proof of service within forty-five days. (Doc. 46, at 9–10.) On March 31, 2025, Tulis filed proofs of service which included affidavits from Christine Cupelli averring that she served Flexibility Capital and Funding Metrics by sending them a copy of the summons and complaint by certified mail. (Doc. 48.) Tulis’s proofs of service did not, however, include return receipts confirming that Flexibility Capital and Funding Metrics received the summonses and complaints by certified mail. (See id.) On April 11, 2025, Tulis filed: (1) an amended motion for return of seized property (Doc.

49); (2) an amended motion for summary judgment (Doc. 50); (3) an amended motion to void execution of judgment (Doc. 51); (4) an amended motion for order of estoppel (Doc. 53). Flexibility Capital and Funding Metrics then moved to dismiss Tulis’s claims, again asserting that he had not effectuated proper service. (Docs. 54, 55.) Four days later, Tulis filed additional affidavits of service from Christine Cupelli, which included return receipts from her certified mail to Flexibility Capital and Funding Metrics. (Docs. 57, 58.) On May 2, 2025, Flexibility Capital filed a motion to dismiss, arguing that Tulis’s amended complaint failed to state a claim upon which relief can be granted (Doc. 60), and, on May 12, 2025, Funding Metrics filed a motion to adopt the arguments asserted by Flexibility Capital and to dismiss Tulis’s claims against it (Doc. 68). On May 6, 2025, Tulis filed a motion for sanctions. (Doc. 64.) These motions are now ripe for the Court’s review. II. TULIS’S FACTUAL ALLEGATIONS According to Tulis’s amended complaint, Flexibility Capital is a “merchant cash advance funder and styles itself as an accounts receivable financier.” (Doc. 13, at 5.) Funding Metrics is

a “leading provider of alternative funding solutions” and offers “revenue-based financing loans” that are based on “purchases of future receivables.” (Id. at 6.) Although not entirely clear, it appears that this case arises out of two separate agreements that Tulis and his radio station entered into with Flexibility Capital and Funding Metrics. (Id. at 13.) In his amended complaint, Tulis represents that he is seeking “redress of harm in Tennessee court cases,” including review of an “appeals court order upholding a judgment against [him]” in Flexibility Capital Inc. v. Sabatino Cupelli et al., (No. E2023-00335-COA-R3- CV, Jan. 5, 2024). (Id. at 6–7.) More specifically, Tulis alleges that his radio station borrowed $16,320 from Flexibility Capital on February 6, 2020, and that he was unable to repay the loan

because of complications resulting from the COVID-19 pandemic. (Id. at 9.) According to Tulis, the balance owed on the loan “was $24,140,” which equates to charging an interest rate of 208.05%, in violation of Tennessee’s usury laws. (Id. at 8.) Specifically, Tulis alleges: Flexibility funded radio $16,320 by direct deposit (the so-called ‘purchase price’ of $17,000 minus an ‘origination fee’ of $680). The agreement requires radio to pay $164.22 every weekday. The total balance due is $24,140, or $7,820 more than the loan amount received. It was to have taken 147 weekdays to pay off the loan, or 29.4 weeks. (Id. at 13.) When Tulis failed to make the required payments, Flexibility sued him and his business partner, Sabatino Cupelli, in the General Sessions Court for Hamilton County, Tennessee. (Id. at 9.) Tulis appealed the general sessions court judgment to the Circuit Court for Hamilton County, Tennessee, which also entered a judgment against him. (Id.) Tulis then appealed his case to the Tennessee Court of Appeals, which summarized the dispute as follows: In early 2020, Sabatino Cupelli and David J. Tulis (collectively, “Defendants”) were business partners operating Hot News Talk Radio, a radio station. On February 6, 2020, Hot News Talk Radio, LLC (“Radio”), a Delaware LLC of which Defendants were the only members, entered into a Future Receivables Sale and Purchase Agreement (the “Agreement”) with Flexibility Capital, Inc. (“Flexibility”), a New York corporation. Under the Agreement, Flexibility purchased 10% of Radio’s future receipts of monies paid and delivered to Radio by Radio’s customers and/or other vendees, up to $24,140.00 (the “Purchased Amount”). In exchange, Flexibility paid $17,000.00 (the “Purchase Price”) to Radio. The Agreement provides that Radio shall make daily installment payments of $164.22 toward the Purchased Amount. To facilitate this, the Agreement requires that Radio deposit all future receipts into a single bank account and authorizes Flexibility to initiate daily debits from that account each weekday until the Purchased Amount is paid in full. The Agreement contains a reconciliation process that Radio could initiate to receive a credit back to its bank account in the event that 10% of Radio’s receipts for a month was less than the amount actually paid to Flexibility during that month. The Agreement also contains a procedure that Radio could use to request modification of the daily installment amount to more closely align with Radio's actual receipts. The Agreement also states that the Purchase Price was paid to Radio in consideration for the ownership of the purchased receipts and “that payment of the Purchase Price by Flexibility is not intended to be, nor shall it be construed as a loan from Flexibility to [Radio] that requires absolute and unconditional repayment on a maturity date.” Included among the Events of Default defined by the Agreement was “Four (4) or more ACH transactions attempted by Flexibility in one calendar month are rejected by [Radio]’s bank.” The Agreement includes a choice of law and forum selection clause: Governing Law, Venue and Jurisdiction. This Agreement shall be governed by and construed exclusively in accordance with the laws of the State of New York, without regards to any applicable principles of conflicts of law.

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Tulis v. Flexibility Capital, Counsel Stack Legal Research, https://law.counselstack.com/opinion/tulis-v-flexibility-capital-tned-2025.