Valley National Bank, d/b/a Agile Premium Finance v. 4 Beauty Aesthetic Institute, Inc.

CourtDistrict Court, S.D. Florida
DecidedApril 6, 2026
Docket9:24-cv-81491
StatusUnknown

This text of Valley National Bank, d/b/a Agile Premium Finance v. 4 Beauty Aesthetic Institute, Inc. (Valley National Bank, d/b/a Agile Premium Finance v. 4 Beauty Aesthetic Institute, Inc.) is published on Counsel Stack Legal Research, covering District Court, S.D. Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Valley National Bank, d/b/a Agile Premium Finance v. 4 Beauty Aesthetic Institute, Inc., (S.D. Fla. 2026).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF FLORIDA CASE NO.: 24-CV-81491-DSL

VALLEY NATIONAL BANK, d/b/a AGILE PREMIUM FINANCE,

Plaintiff,

vs.

4 BEAUTY AESTHETIC INSTITUTE, INC.,

Defendant.

_______________________________________/

REPORT AND RECOMMENDATION

Valley National Bank d/b/a Agile Premium Finance (“Agile”) says it is entitled to judgment as a matter of law for breach of contract (Count I of the Complaint) because 4 Beauty Aesthetic Institute (“4 Beauty”) has not repaid a premium finance loan. ECF No. 100. 4 Beauty says it is entitled to judgment as a matter of law because no enforceable financing contract exists. ECF No. 102. I have reviewed: (1) Agile’s Motion, 4 Beauty’s Response, and Agile’s Reply, ECF Nos. 100, 109, 129, (2) 4 Beauty’s Motion, Agile’s Response, and 4 Beauty’s Reply, ECF Nos. 102, 111, 128, and (3) the joint statement of undisputed facts, ECF Nos. 135-1, 145. I have also, where appropriate, reviewed portions of the record, as permitted by Federal Rule of Civil Procedure 56(c)(3). In considering both cross motions, I consider all of the parties’ arguments, without regard to whether they are asserted in an affirmative motion or in a response. For the following reasons, it is RECOMMENDED that Agile’s Motion for Summary Judgment be GRANTED and that 4 Beauty’s Motion for Summary Judgment be DENIED.

I. SUMMARY JUDGMENT STANDARD The legal standard on cross-motions for summary judgment does not differ from the standard applied when only one party files a summary judgment motion. See Am. Bankers Ins. Grp. v. United States, 408 F.3d 1328, 1331 (11th Cir. 2005). Summary judgment is proper only when, “the pleadings, depositions, answers to interrogatories and admissions on file, together with the affidavits, if any, show

that there is no genuine issue as to any material fact and that the moving party is entitled to a judgment as a matter of law.” See Fed. R. Civ. P. 56(c). The party moving for summary judgment has the burden of meeting this exacting standard. Adickes v. S. H. Kress & Co., 398 U.S. 144, 157 (1970). “The district court should resolve all reasonable doubts about the facts in favor of the non-movant, and draw all justifiable inferences in [the non-movant’s] favor.” United States v. Four Parcels of Real Prop.,

941 F.2d 1428, 1437 (11th Cir. 1991) (internal quotation marks and citations omitted). The moving party's burden on a motion for summary judgment “depend[s] on whether the legal issues ... are ones on which the movant or the non-movant would bear the burden of proof at trial.” Fitzpatrick v. City of Atlanta, 2 F.3d 1112, 1115 (11th Cir. 1993). “[F]or issues on which the movant would bear the burden of proof at trial, ‘that party must show affirmatively the absence of a genuine issue of material fact: it must support its motion with credible evidence ... that would entitle it to a directed verdict if not controverted at trial.’” Id. (emphasis in original) (quoting Four Parcels of Real Prop., 941 F.2d at 1437). “For 2 issues, however, on which the non-movant would bear the burden of proof at trial, ‘the moving party is not required to support its motion with affidavits or other similar material negating the opponent's claim in order to discharge this initial responsibility.’” Id. (emphasis in original) (quoting Four Parcels, 941 F.2d at 1437–38). Nunez v. Coloplast Corp., No. 19-CV-24000, 2020 WL 2561364, at *1 (S.D. Fla. May 20, 2020). An issue is genuine if “a reasonable trier of fact could return judgment for the non-moving party.” Miccosukee Tribe of Indians of Fla. v. United States, 516 F.3d 1235, 1243 (11th Cir. 2008) (quoting Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 247–48 (1986)). A fact is material if it “might affect the outcome of the suit under the governing law.” Id. (quoting Anderson, 477 U.S. at 247-48). “The mere existence of a scintilla of evidence in support of the [non-moving party’s] position will be insufficient; there must be evidence on which a jury could reasonably find for the [non-moving party].” Anderson, 477 U.S. at 252. “If more than one inference could be construed from the facts by a reasonable fact finder, and that inference introduces a genuine issue of material fact, then the district court should not grant summary judgment.” Bannum, Inc. v. City of Fort Lauderdale, 901 F.2d 989, 996 (11th Cir. 1990).

II. UNDISPUTED FACTS 4 Beauty is a medical office. ECF No. 135-1 ¶3. It is owned by Dr. Constantino Mendieta. ¶4. 1 Dr. Mendieta has authority to enter into contracts for 4 Beauty. ¶5.

1 Unless otherwise noted, citations to “¶” refer to paragraphs from the joint statement of undisputed facts. ECF Nos. 135-1, 145. 4 Beauty says that many of these facts are not material because “they relate to an unpled theory of liability not plead in the Agile’s operative complaint.” ECF No. 145 at 1. As discussed in the body of this Report 3 Since at least 2023, Miguel Vanegas has been a strategic advisor to 4 Beauty. ¶7. In 2023, Mr. Vanegas was authorized to communicate with Agile and with CaptiveOne Services LLC, (“CaptiveOne”) or a person purporting to act on each of their behalf,

regarding insurance premium financing for 4 Beauty. ¶9. Mr. Vanegas had no authority to sign contracts on behalf of 4 Beauty, including but not limited to, any premium finance agreements and captive financing agreements. ¶10. In or about early 2019, 4 Beauty created or caused to be created a captive insurance company named 4 Beauty Risk Services. ¶11; ECF No. 97-1 at 80; ECF No. 97-2 at 130. In or about September 2022, 4 Beauty was listed as an insured on a Special Business Risk Protection policy from Series Captive Insurance Companies of

American Casualty Reinsurance of Delaware, LLC, with policy number 10190-0518- BP-22. ¶12; ECF No. 96-1 at 423. The policy was issued on September 9, 2022. ECF No. 96-1 at 426. At the same time, 4 Beauty obtained a Special Economic Loss Protection Policy from Series Captive Insurance Companies of American Casualty Reinsurance of Delaware, LLC, with policy number 10190-0518-EL-22. ¶14; ECF No. 96-1 at 445.

The effective date was September 9, 2022. ECF No. 96-1 at 446. 4 Beauty decided to seek financing for the premiums of these policies. ¶¶13, 15. To that end, in 2023, Dr. Mendieta communicated with CaptiveOne, or persons purporting to act on its behalf, regarding insurance premium financing for 4 Beauty.

and Recommendation, Agile is properly arguing a theory of contract modification. 4 ¶16. 4 Beauty authorized Wayne C. Jenkins and CaptiveOne, or persons purporting to act on each of their behalf, to procure insurance premium financing for 4 Beauty. ¶17.

As part of this process, Agile received a copy of the insurance policy issued by 4 Beauty Risk Services providing coverage to 4 Beauty in 2023, as well as invoices from CaptiveOne to 4 Beauty charging for the insurance premiums. ¶55. In February 2023, 4 Beauty signed a Captive Financing Agreement with Agile (the “February CFA”). Among other terms, 4 Beauty agreed to execute a Premium Financing Agreement. ECF No. 97-3 at 160.

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Valley National Bank, d/b/a Agile Premium Finance v. 4 Beauty Aesthetic Institute, Inc., Counsel Stack Legal Research, https://law.counselstack.com/opinion/valley-national-bank-dba-agile-premium-finance-v-4-beauty-aesthetic-flsd-2026.