CASE NAME: Tom Yang v. Venice Business Partners, Inc.
CASE NO.: 20SMCV00819
MOTION: Plaintiff’s Motion For Summary Judgment, or un The Alternative, Summary Adjudication
HEARING DATE: 07/01/2021
BACKGROUND
Plaintiff Tom Yang (“Plaintiff” or “Yang”) filed his complaint on June 17, 2020 against Defendant Venice Business Partners, Inc. (“Defendant” or “VBPI”). Plaintiff alleges that in October 2018, Michael Lloyd Levine approached Plaintiff with a business proposition. (See Compl. ¶ 8.) According to the complaint, Levine represented to Yang that Levine had an opportunity to ‘flip’ an allegedly very rare vehicle (a 2018 Mercedes G650 Landaulet) (“G-Wagen”) of which only 99 vehicles were ever produced. (Id.) Levine represented to Yang that the G-Wagen could be purchased for $1.2 million and then sold within 60 days for $1.8 million, and requested that Levine partner with Yang by lending to Levine’s company VBPI. (Id.) Yang lent VBPI $1.2 million. Plaintiff alleged that VBPI has an outst
Hearing Date
June 30, 2021
Type
Other Promissory Note/Collections Case (General Jurisdiction)
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CASE NAME: Tom Yang v. Venice Business Partners, Inc.
CASE NO.: 20SMCV00819
MOTION: Plaintiff’s Motion For Summary Judgment, or un The Alternative, Summary Adjudication
HEARING DATE: 07/01/2021
BACKGROUND
Plaintiff Tom Yang (“Plaintiff” or “Yang”) filed his complaint on June 17, 2020 against Defendant Venice Business Partners, Inc. (“Defendant” or “VBPI”). Plaintiff alleges that in October 2018, Michael Lloyd Levine approached Plaintiff with a business proposition. (See Compl. ¶ 8.) According to the complaint, Levine represented to Yang that Levine had an opportunity to ‘flip’ an allegedly very rare vehicle (a 2018 Mercedes G650 Landaulet) (“G-Wagen”) of which only 99 vehicles were ever produced. (Id.) Levine represented to Yang that the G-Wagen could be purchased for $1.2 million and then sold within 60 days for $1.8 million, and requested that Levine partner with Yang by lending to Levine’s company VBPI. (Id.) Yang lent VBPI $1.2 million. Plaintiff alleged that VBPI has an outst