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  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
  • App Funding Beta Llc v. Jbrb Services Llc, Autoshop Gallery, Elvis Pascual, Alexander D Vargas, Federico A Vargas Other Matters - Contract - Other document preview
						
                                

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FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM INDEX NO. E2024010392 NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 MONROE COUNTY CLERK’S OFFICE THIS IS NOT A BILL. THIS IS YOUR RECEIPT. Receipt # 3915481 Book Page CIVIL Return To: No. Pages: 11 JASON ADAM GANG Instrument: EFILING INDEX NUMBER Control #: 202406241016 Index #: E2024010392 Date: 06/24/2024 App Funding Beta LLC Time: 12:52:58 PM JBRB Services LLC Autoshop Gallery Pascual, Elvis Vargas, Alexander D Vargas, Federico A State Fee Index Number $165.00 County Fee Index Number $26.00 State Fee Cultural Education $14.25 State Fee Records $4.75 Employee: RR Management Total Fees Paid: $210.00 State of New York MONROE COUNTY CLERK’S OFFICE WARNING – THIS SHEET CONSTITUTES THE CLERKS ENDORSEMENT, REQUIRED BY SECTION 317-a(5) & SECTION 319 OF THE REAL PROPERTY LAW OF THE STATE OF NEW YORK. DO NOT DETACH OR REMOVE. JAMIE ROMEO MONROE COUNTY CLERK 1 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 COURTOF THE STATEOF NEWYORK SUPREME COUNTYOF MONROE ___________________________________________________________________Ç APP FUNDINGBETALLC INDEX NO.: DATEPURCHASED: Plaintif SUMMONS -against- JBRB SERVICES LLC D/B/A AUTOSHOP GALLERY andELVIS PASCUALand ALEXANDERD VARGAS and FEDERICOA VARGAS Defendants. ___________________________________________________________________Ç TO THE ABOVE-NAMED DEFENDANTS: YOUARE HEREBYSUMMONED and required to serve upon Plaintiff attorney, at the address below, an answer to the attached stated complaint. If this summons was personally delivered upon you in the State of New York, the answer must be served within twenty days after such service of the summons, excluding the date of service. If the summons was not personally delivered to you within the State of New York, the answer must be served within thirty days after service of the summons is complete as provided by law. If you do not serve an answer to the attached complaint within the applicable time limitation stated above, a judgment may be entered against you, by default, for the relief demanded in the complaint, without further notice to you. The basis for venue is pursuant to the Contract entered into between the parties. Dated: Hewlett, NewYork June 20, 2024 By: J A. Gang, Èsq2 e Law Office of Jason Gang 1245 Hewlett Plaza, #478 Hewlett, NY 11557 (646) 389-561O Attorneys for Plaintiff Our File No. 1330-103 2 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 Defendants to be served: JBRB Services LLC D/B/A Autoshop Gallery 8004 Route 130 Delran, NJ 08075 Elvis Pascual 8004 Route 130 Delran, NJ 08075 Alexander D Vargas 8004 Route 130 Delran, NJ 08075 Federico A Vargas 8004 Route 130 Delran, NJ 08075 3 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 SUPREMECOURTOF THESTATEOF NEWYORK COUNTYOF MONROE ___________________________________________________________________Ç APPFUNDINGBETALLC INDEX NO.: Plaintiff VERIFIED COMPLAINT -against- JBRB SERVICES LLC D/B/A AUTOSHOP GALLERY and ELVIS PASCUALand ALEXANDERD VARGAS and FEDERICOA VARGAS Defendants. ___________________________________________________________________Ç Plaintiff App Funding Beta LLC ("Plaintiff), by its attorney, Jason A. Gang Esq., for its complaint herein against JBRB Services LLC D/B/A Autoshop Gallery ("Merchant") and Elvis Pascual, Alexander D Vargas, and Federico A Vargas ("Guarantors") (Merchant and Guarantors collectively "Defendants"), alleges as follows: The Partins 1. Plaintiff App Funding Beta LLC is a foreign limited liability company, duly registered to do business in NewYork, engaged in the receivables financing business. 2. Defendant JBRB Services LLC D/B/A Autoshop Gallery is a limited liability company organized and existing under the laws of the State of NewJersey. 3. Defendant Elvis Pascual is an individual residing in the State of New Jersey. 4. Defendant Alexander D Vargas is an individual residing in the State of New Jersey. 4 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 5. Defendant Federico A Vargas is an individual residing in the State of NewJersey. Jurisdiction and Venue 6. This Court has jurisdiction over the Defendants pursuant to CPLR § 301 based upon a consent to jurisdiction provision(s) in the Agreement between the parties. 7. This Court has personal jurisdiction over Defendants because they consented to personal jurisdiction in NewYork. 8. Venue is proper in this Court because Defendants consented to venue in this Court. Thç Facts 9. On or about May 10, 2024, Plaintiff and Defendants entered into a Sale of Future Receipts Agreement (the "Agreement") whereby Plaintiff agreed to purchase 7%(the "Specified Percentage") of the Merchant's future accounts receivable up to the sum of $44,970.00 (the "Purchased Amount") in exchange for an upfront purchase price of $30,000.00 (the "Purchase Price"). 10. Pursuant to the Agreement, Merchant agreed to have one bank account approved by Plaintiff (the "Bank Account") into which all of its receivables would be deposited. 11. The Purchased Amount of receivables was to be remitted to Plaintiff pursuant to daily ACH withdrawals from the Bank Account in the amount of $642.43 each business day, which amount was a good faith approximation of the Specified Percentage. 12. If the Merchant's financial performance fluctuated during the term of the Agreement, the Merchant was entitled to a retroactive reconciliation and/or prospective 5 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 adjustment of the estimated daily/weekly remittance if it followed the procedures set forth in the Agreement for requesting the reconciliation and/or adjustment. 13. Pursuant to a Personal Guaranty of Performance (the "Guaranty") executed contemporaneously within the Agreement, the Guarantors guaranteed the performance of the Merchant's obligations to Plaintiff pursuant to the Agreement. 14. Plaintiff remitted the purchase price for the future receivables, less applicable and disclosed upfront fees, to Merchant pursuant the terms of the Agreement. 15. Critical to facilitating this transaction, the Agreement contains Merchant's express covenant not to revoke its ACH authorization to Plaintiff or otherwise take any measure to interfere with Plaintiff's ability to collect the Future Receivables. 16. Merchant stopped making its payments to Plaintiff and otherwise breached the Agreement by intentionally impeding and preventing Plaintiff from making the agreed upon ACH withdrawals from the Bank Account while conducting regular business operations. 17. Merchant remitted $7,709.16 of the receivables purchased by Plaintiff, leaving an outstanding balance of the Purchased Amount of $37,260.84. In addition, pursuant to the Agreement, Merchant incurred nine (9) NSF Fees at $35.00 each for a total of $315.00 between June 4, 2024, and June 14, 2024, per Appendix A of the Agreement. 18. Contrary to Merchant's express covenant set forth above, Merchant materially breached the terms of the Agreement on June 14, 2024. by changing the designated bank account without Plaintiff's authorization, by placing a stop payment on Plaintiff's debits to the account or by otherwise taking measures to interfere with Plaintiff's ability to collect the Future Receivables. 6 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 19. Despite due demand, Merchant has failed to pay the amounts due and owing by Merchant to Plaintiff under the Agreement. 20. Additionally, Guarantors breached the provisions of the Guaranty by failing to perform Merchant's obligations to Plaintiff under the Agreement when Merchant failed to do so. 21. Based upon the foregoing, Defendants are liable to Plaintiff on the Agreement in the amount of $37,575.84 plus interest, costs, disbursements and attorney's fees. ASANDFORTHEFIRST CAUSEOFACTION (Breach of Contract) 22. Plaintiff repeats and realleges each and every allegation contained in the paragraphs above as though fully set forth at length herein. 23. Plaintiff performed its obligations to Merchant under the Agreement by advancing the agreed upon purchase price, less applicable and disclosed upfront fees, for the Purchased Amount of the Merchant's receivables. 24. Upon information and belief, Merchant is still conducting regular business operations and still collecting receivables. 25. Merchant has materially breached the Agreement by failing to make the specified payment amount to Plaintiff as required under the Agreement and otherwise intentionally impeding and preventing Plaintiff from receiving the proceeds of the receivables purchased by them. 26. Upon information and belief, Merchant has also materially breached the Agreement by using more than one depositing bank (account which has not been approved by 7 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 Plaintiff. 27. By reason of the foregoing, Plaintiff has suffered damages in the amount of $37,575.84, plus interest, costs, disbursements and attorney's fees. AS ANDFORA SECONDCAUSEOF ACTION (Personal Guarantee) 28. Plaintiff repeats and realleges each and every allegation contained in the paragraphs above as though fully set forth at length herein. 29. Pursuant to the Guaranty, the Guarantors guaranteed the performance of the Merchant's obligations to the Plaintiff under the Agreement. 30. Guarantors breached the provisions of the Guaranty by failing to perform the Merchant's obligations to Plaintiff under the Agreement when Merchant failed to do so. 31. By reason of the foregoing, Plaintiff is entitled to judgment against Guarantors for breach of the Guaranty in the sum of $37,575.84, plus interest, costs, disbursements and attorney's fees. WHEREFORE,Plaintiff App Funding Beta LLC requests judgment against Defendants JBRB Services LLC D/B/A Autoshop Gallery and Elvis Pascual, Alexander D Vargas, and Federico A Vargas as follows: (i) On the first cause of action of the complaint, Plaintiff requests judgment against Merchant in the amount of $37,575.84, plus interest, costs, disbursements and attorney's fees; (ii) On the second cause of action of the complaint, Plaintiff requests judgment 8 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 against Guarantors in the amount of $37,575.84, plus interest, costs, disbursements and attorney's fees; (iii) For such other and further relief as this Court deems just and proper. Dated: Hewlett, NewYork June 20, 2024 By: Jason ang, Esq. The aw Officeof Jason Gang 1245 Hewlett Plaza, #478 Hewlett, NY 11557 (646) 389-561O Attorneys for Plaintiff 9 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL CI 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 COURTOF THE STATEOF NEWYORK SUPREME COUN TY OF MONROE ___________________________________________________________________Ç APPFUNDINGBETALLC INDEX NO.: Plaintiff -against- JBRB SERVICES LLC D/B/A AUTOSHOP GALLERY and ELVIS PASCUALand ALEXANDERD VARGAS and FEDERICOA VARGAS Defendants. ___________________________________________________________________Ç NOTICEOF COMMENCEMENT OFACTION SUBJECTTO MANDATORY ELECTRONICFILING PLEASETAKE NOTICE that the matter captioned above, which has been commencedby of the accompanying documents with the County Clerk, is subject to filing mandatory electronic filing pursuant to Section 202.5-bb of the Uniform Rules for the Trial Courts. This notice is being served as required by Subdivision (b) (3) of that Section. The New York State Courts Electronic Filing System ("NYSCEF") is designed for the electronic of documents with the County Clerk and the court and for the electronic filing service of those documents, court documents, and court notices upon counsel and self-represented parties. Counsel and/or parties who do not notify the court of a claimed exemption (see below) as required by Section 202.5-bb(e) must immediately record their representation within the e-filed matter on the Consent page in NYSCEF. Failure to do so may result in an inability to receive electronic notice of document filings. Exemptions from mandatory e-filing are limited to: 1) attorneys who certify in good faith that they lack the computer equipment and (along with all employees) the requisite knowledge to comply; and 2) self-represented parties who choose not to participate in e-filing. For additional information about electronic filing, including access to Section 202.5-bb, consult the NYSCEFwebsite at www.nycourts.gov/efile or contact the NYSCEF Resource Center at 646-386-3033 or efile@courts.state.ny.us. Dated: June 20, 2024 By: Jaso . Gang, Esq. Th aw Office of Jason Gang 1245 Hewlett Plaza, #478 Hewlett, NY 1 1557 (646) 389-5610 Attorneys for Plaintiff 10 of 11 202406241016 06/24/2024 12:52:58 PM CIVIL 202406241016 INDEX NO. E2024010392 FILED: MONROE COUNTY CLERK 06/24/2024 11:28 AM NYSCEF DOC. NO. 1 RECEIVED NYSCEF: 06/24/2024 COURTOFTHE SUPREME STATEOFNEW YORK COUNTYOF MONROE ___________________________________________________________________Ç APPFUNDINGBETALLC INDEX NO.: Plaintiff VERIFICATION -against- JBRB SERVICES LLC D/B/A AUTOSHOP GALLERY PASCUALand ALEXANDERD VARGAS and ELVIS and FEDERICOA VARGAS Defendants. ___________________________________________________________________Ç STATEOF NEWYORK : : SS: COUNTYOF NEWYORK : Benjamin Sanders, being duly sworn, hereby deposes and says as follows, under penalties of perjury: I am an Authorized Representative of Plaintiff APP FUNDINGBETALLC in the within action. I have read the foregoing Verified Complaint and know the contents thereof; The same is true to my knowledge, except as to the matters therein stated to be alleged upon information and belief, and as to those matters I believe them to be true. The foregoing statements are true under penalties of perjury. Sworn to before me this BY: EM day of vac , 20_z4 Benjamin Sanders Notary Public PETERMICHAELRINATO INOTARYPUBLIC, STATEOFNEWYORK Registration No. 02RI0002153 Qualified in NewYork County Commission Expires March 2, 2027 11 of 11