Source: http://ny.findacase.com/research/wfrmDocViewer.aspx/xq/fac.20180331_0000595.ENY.htm/qx
Timestamp: 2019-04-21 18:35:25+00:00

Document:
FindACase | LG Capital Funding, LLC v. 5Barz International, Inc.
LG Capital Funding, LLC v. 5Barz International, Inc.
Presently before the court is plaintiff's motion for summary judgment as to liability and damages on the complaint's second, fifth, and sixth claims for relief. Defendant opposes the motion, and has submitted what defendant refers to as an opposition and cross-motion for summary judgment as to damages.
For the reasons set forth below, the court denies in its entirety plaintiff's motion for summary judgment as to claim five, which seeks recovery for defendant's breach of contract on a conversion theory, as conversion is not the appropriate cause of action on the facts here. Additionally, the court grants plaintiff's motion as to liability with respect to claim two, which seeks recovery on a breach of contract theory, and claim six, which seeks an award of attorneys' fees pursuant to a contractual provision. Further, the court denies plaintiff's motion without prejudice as to damages on claim two, and as to an award of, as opposed to a finding of liability for, attorneys' fees. Finally, to the extent defendant's opposition constitutes a cross-motion, the court denies it in its entirety.
Plaintiff and defendant are diverse and, because the complaint seeks damages in the amount of “not less than” $100, 000 with respect to its second and fifth claims for relief, (Compl. at 12), the amount in controversy exceeds $75, 000. The court therefore has diversity jurisdiction over the instant action pursuant to 28 U.S.C. § 1332(a)(2). See Scherer v. Equitable Life Assurance Soc'y of U.S., 347 F.3d 394, 397 (2d Cir. 2003) (“[W]e recognize ‘a rebuttable presumption that the face of the complaint is a good faith representation of the actual amount in controversy.'” (quoting Wolde-Meskel v. Vocational Instruction Project Cmty. Servs., Inc., 166 F.3d 59, 63 (2d Cir. 1999))). Venue is proper in this district pursuant to 28 U.S.C § 1391(b)(2) because a substantial part of the events and omissions giving rise to plaintiff's claims in the instant dispute occurred in this district.
The following facts are taken from the parties' Local Civil Rule 56.1 statements of undisputed material facts, as well as documents submitted in connection with the instant motion, including those incorporated by reference into the parties' summary judgment papers, as applicable. The court notes that defendant's Local Civil Rule 56.1 statement in opposition to plaintiff's motion and in support of defendant's cross-motion includes a number of denials, partial denials, and qualifications that are not supported by any citation to admissible evidence. The court does not endeavor to note each of defendant's unsupported denials, and instead summarizes the material facts that are supported by admissible evidence and are not genuinely in dispute.
[a]ny notice or other communication required or permitted to be given hereunder shall be deemed effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine, at the address or number designated below . . . or delivery via electronic mail, or the first business day following such delivery (if delivered other than on a business day during normal business hours . . .) or (b) on the second business day following the date of mailing by express courier service . . . or upon actual receipt of such mailing, whichever shall first occur.
equal to 60% of the lowest trading price of the Common Stock as reported on the National Quotations Bureau OTCQB exchange [on] which [defendant's] shares are traded or any exchange upon which the Common Stock may be traded in the future . . . with a floor of $0.00001 per share, for the fifteen prior trading days including the day upon which a Notice of Conversion is received by [defendant] or its transfer agent (provided such Notice of Conversion is delivered by fax or other electronic method of communication to the Company or its transfer agent after 4 P.M. Eastern Standard or Daylight Savings Time if the Holder wishes to include the same day closing price).
Although plaintiff seeks summary judgment as to its entitlement to attorneys' fees, plaintiff does not, in its memorandum of law or otherwise, state the amount of attorneys' fees to which plaintiff believes it is entitled. (See Id. at 16-18.) Additionally, plaintiff has not submitted any billing records or other relevant information regarding the amount of attorneys' fees that plaintiff seeks.

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 § 1332
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 § 1391