Webster Bank, N.A. v. James D. Watson and Pamela L. Watson; James D. Watson and Pamela L. Watson v. Tweed VP Holdings LLC

CourtDistrict Court, S.D. New York
DecidedSeptember 25, 2025
Docket7:23-cv-05427
StatusUnknown

This text of Webster Bank, N.A. v. James D. Watson and Pamela L. Watson; James D. Watson and Pamela L. Watson v. Tweed VP Holdings LLC (Webster Bank, N.A. v. James D. Watson and Pamela L. Watson; James D. Watson and Pamela L. Watson v. Tweed VP Holdings LLC) 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
Webster Bank, N.A. v. James D. Watson and Pamela L. Watson; James D. Watson and Pamela L. Watson v. Tweed VP Holdings LLC, (S.D.N.Y. 2025).

Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK

WEBSTER BANK, N.A.,

Plaintiff,

v.

JAMES D. WATSON, and PAMELA L. WATSON,

Defendants. No. 23-CV-5427 (KMK)

ORDER & OPINION JAMES D. WATSON, and PAMELA L. WATSON,

Third-Party Plaintiffs,

TWEED VP HOLDINGS LLC,

Third-Party Defendant.

Appearances:

Brian K. Condon, Esq. Condon Paxos PLLC Nanuet, NY Counsel for Third-Party Plaintiff James D. Watson

Donald J. Feerick, Jr. Feerick Nugent MacCartney PLLC South Nyack, NY Counsel for Third-Party Plaintiff Pamela L. Watson

Jeremy Michael Doberman, Esq. Bochner PLLC New York, NY Counsel for Third-Party Defendant Tweed VP Holdings LLC KENNETH M. KARAS, United States District Judge: James D. Watson (“James”) and Pamela L. Watson (“Pamela”) (together, “Third-Party Plaintiffs” or the “Watsons”) bring this Action against Tweed VP Holdings LLC (“Third-Party Defendant” or “Tweed”) seeking indemnification for any judgment against the Watsons in the underlying lawsuit initiated by Webster Bank, N.A., (“Webster Bank”) and alleging breach of

contract, unjust enrichment, contractual indemnification, and common law contribution. (See generally Third-Party Compl. (Dkt. No. 54).) Before the Court is Tweed’s Motion to Dismiss (the “Motion”). (See Not. of Mot. (Dkt. No. 66).) For the reasons discussed below, the Motion is granted. I. Background A. Factual Background The following facts are drawn from the Watsons’ Third-Party Complaint and are taken as true for the purposes of resolving the instant Motion. See Div. 1181 Amalgamated Transit Union-N.Y. Emps. Pension Fund v. N.Y.C. Dep’t of Educ., 9 F.4th 91, 94 (2d Cir. 2021) (per

curiam). In June 2022, the Watsons sold property located at 29 Tweed Boulevard, Upper Grandview, New York 10960 (the “Property”). (Third-Party Compl. ¶ 8.) The Watsons and Tweed entered into a contract for the sale of the Property “as-is” for $900,000. (Id. ¶ 10.) The deal failed to close because mortgages encumbering the Property exceeded the contract sale price. (Id. ¶ 11.) In September 2022, the Watsons and Tweed entered into a second contract for the Property “as-is” for $15,000. (Id. ¶ 13.) The second contract provides that [Tweed] either will pay off the three mortgages on the [Property], or take the [Property] subject to the mortgages. [The Watsons] will provide [Tweed] an authorization to speak to the mortgage servicer on [the Watsons’] behalf upon this Contract being fully executed. [Tweed] will also close on this subject to all liens, taxes and municipal violations and hold [the Watsons] harmless for same. (Decl. of Jeremy C. Doberman (“Doberman Decl.”), Ex. C (“Contract”) (Dkt. No. 66-5) at 2.) In December 2022, Watson and Tweed closed title. (Id. ¶ 14.) B. Procedural Background On June 26, 2023, Webster Bank initiated this Action. (See Am. Compl. (Dkt. No. 10).) On March 18, 2024, the Watsons filed the Third-Party Complaint. (See Third-Party Compl.) On July 12, 2024, Tweed filed the instant Motion. (See Def’s Mem. in Supp. (“Def’s Mem.”) (Dkt. No. 66-1).) On August 13, 2024, Pamela filed her Opposition. (See Pamela Mem. in Opp. (“Pamela Opp.”) (Dkt. No. 70).) On September 12, 2024, James filed his Opposition. (See James Mem. in Opp. (“James Opp.”) (Dkt. No. 71).) On September 26, 2024, Tweed filed its

Reply. (See Def’s Reply Mem. in Supp. (“Def’s Reply”) (Dkt. No. 72).) II. Discussion A. Standard of Review The Supreme Court has held that while a complaint “does not need detailed factual allegations” to survive a motion to dismiss, “a plaintiff’s obligation to provide the grounds of his entitlement to relief requires more than labels and conclusions, and a formulaic recitation of the elements of a cause of action will not do.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 555 (2007) (alteration adopted) (internal quotation marks and citation omitted). Indeed, Rule 8 of the Federal Rules of Civil Procedure “demands more than an unadorned, the-defendant-unlawfully-

harmed-me accusation.” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (citing Twombly, 550 U.S. at 555). “Nor does a complaint suffice if it tenders naked assertions devoid of further factual enhancement.” Id. (alteration adopted) (internal quotation marks and citation omitted). Rather, a complaint’s “[f]actual allegations must be enough to raise a right to relief above the speculative level . . . .” Twombly, 550 U.S. at 545. “[O]nce a claim has been stated adequately, it may be supported by showing any set of facts consistent with the allegations in the complaint,” id. at 563, and a plaintiff must allege “only enough facts to state a claim to relief that is plausible on its face,” id. at 570. However, if

a plaintiff has not “nudged [his] claim[] across the line from conceivable to plausible, the[] complaint must be dismissed.” Id.; see also Iqbal, 556 U.S. at 679 (“Determining whether a complaint states a plausible claim for relief will . . . be a context-specific task that requires the reviewing court to draw on its judicial experience and common sense. But where the well- pleaded facts do not permit the court to infer more than the mere possibility of misconduct, the complaint has alleged—but it has not ‘shown’—‘that the pleader is entitled to relief.’” (alteration adopted) (internal quotation marks and citation omitted) (quoting Fed. R. Civ. P. 8(a)(2))); id. at 678–79 (“Rule 8 marks a notable and generous departure from the hypertechnical, code-pleading regime of a prior era, but it does not unlock the doors of discovery for a plaintiff armed with

nothing more than conclusions.”). “[W]hen ruling on a defendant’s motion to dismiss, a judge must accept as true all of the factual allegations contained in the complaint,” Erickson v. Pardus, 551 U.S. 89, 94 (2007) (per curiam) (citing Twombly, 550 U.S. at 555–56), and “draw[] all reasonable inferences in favor of the plaintiff,” Daniel v. T&M Prot. Res., Inc., 992 F. Supp. 2d 302, 304 n.1 (S.D.N.Y. 2014) (citing Koch v. Christie’s Int’l PLC, 699 F.3d 141, 145 (2d Cir. 2012)). Additionally, “[i]n adjudicating a Rule 12(b)(6) motion, a district court must confine its consideration to facts stated on the face of the complaint, in documents appended to the complaint or incorporated in the complaint by reference, and to matters of which judicial notice may be taken.” Leonard F. v. Isr. Disc. Bank, 199 F.3d 99, 107 (2d Cir. 1999) (internal quotation marks and citation omitted); see also Wang v. Palmisano, 157 F. Supp. 3d 306, 317 (S.D.N.Y. 2016) (same). B. Analysis Tweed argues that the Third-Party Complaint should be dismissed because it is not liable to the Watsons for breach of contract or contractual indemnification per the plain language of the

Contract, (see Def’s Mem. 4–9), the existence of the Contract precludes the unjust enrichment claim, (see id. 9–11), and the common law contribution claim is conclusory, (see id. 12). The Court addresses the arguments in turn.1 1.

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Webster Bank, N.A. v. James D. Watson and Pamela L. Watson; James D. Watson and Pamela L. Watson v. Tweed VP Holdings LLC, Counsel Stack Legal Research, https://law.counselstack.com/opinion/webster-bank-na-v-james-d-watson-and-pamela-l-watson-james-d-watson-nysd-2025.