UNITEDSTATESDISTRICTCOURTSOUTHERNDISTRICTOFNEWYORK
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SOLOMONSHARBAT,SOLOMONCAPITAL,LLC,SOLOMONCAPITAL401(k)TRUST,SOLOMONSHARBAT,asTrusteeoftheSOLOMONCAPITAL401(k)TRUST,CaseNo.10CV6455(SAS)AMENDEDCOMPLAINTJURYTRIALDEMANDEDPlaintiffs,-against-MARCUSS.BUTLERandMSBGROUPINCORPORATED,Defendants.
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Plaintiffs,SOLOMONSHARBAT,SOLOMONCAPITALLLC,SOLOMONCAPITAL401(k)TRUST,andSOLOMONSHARBAT,asTrusteeoftheSolomonCapital401(k)TRUST,asandfortheirAmendedComplaint,respectfullyallege:JURISDICTIONANDVENUE1.ThisCourthassubjectmatterjurisdictionoverthisactionpursuantto28U.S.C.§1332becausethereiscompletediversityamongthepartiesandtheamountincontroversyexceeds$75,000.2.Venueisproperinthisdistrictpursuantto28U.S.C.§1391becauseasubstantialpartoftheeventsgivingrisetotheclaimsinthislawsuitoccurredintheSouthernDistrictofNewYork.
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PARTIES
3.PlaintiffSOLOMONSHARBAT("SHARBAT")isanindividualresidinginNewYorkState.4.PlaintiffSOLOMONCAPITAL,LLC("SOLOMONCAPITAL")isalimitedliabilitycompanyformedunderthelawsofthestateofNewYork.5.PlaintiffSOLOMONCAPITAL401(k)TRUSTisaqualifiedretirementtrustorganizedunderthelawsoftheStateofNewYork.SHARBATservesasthetrusteeofthetrust.6.PlaintiffSOLOMONCAPITAL'sprincipalplaceofbusinessisNewYork,NewYork.7.PlaintiffSOLOMONCAPITAL40I(k)TRUST'sprincipalplaceofbusinessisNewYork,NewYork.8.Uponinformationandbelief,defendantMARCUSS.BUTLER("BUTLER")isanindividualresidingintheTownofTeaneck,StateofNewJersey9.Uponinformationandbelief,defendantMSBGROUPINCORPORATED("MSBGROUP")isacorporationorganizedunderthelawsofthestateofNewJersey.10.Uponinformationandbelief,theprincipalplaceofbusinessofDefendantMSBGROUPisTeaneck,NewJersey.11.DefendantsbothactivelyandregularlysolicitbusinessinNewYork,NewYork.12.DefendantsbothactivelysolicitedthebusinessofPlaintiffsSHARBAT,SOLOMONCAPITAL,andSOLOMONCAPITAL401(k)TRUST,thatisthesubjectofthisAmendedComplaint,inNewYork,NewYork.13.Uponinformationandbelief,DefendantBUTLERisthesoleownerofDefendantMSBGROUP.2
14.InhiscapacityasownerofDefendantMSBGROUP,DefendantBUTLERsolicitedPlaintiffs'businessintheSouthernDistrictofNewYork,includingthebusinessthatisthesubjectofthisAmendedComplaint.15.OnoraboutAugust25,2009,PlaintiffsandDefendantsenteredintoanagreement(the"Agreement")forthepurchaseofsharesofstockofSpongeTechDeliverySystems,Inc.("SpongeTech")andVanityEventsHolding,Inc.("Vanity")valuedat$600,000.00(the"Shares").16.AspartoftheAgreement,Plaintiffsagreedtoadvance$600,000.00toDefendantsforthepurchaseoftheSharesfromathirdparty.17.Inreturn,DefendantsagreedtodelivertheSharestoPlaintiffs,warrantedthattheShareswereworth$600,000.00andagreedtoguaranteethatPlaintiffswouldreceiveaminimumof$600,000.00upontheresaleoftheShares.IfPlaintiffsreceivedlessthan$600,000.00upontheresaleoftheShares,DefendantsagreedtopaytoPlaintiffsanamountnecessarytomakePlaintiffswholetotheextentoftheir$600,000.00investmentintheShares.18.AsafurtherprovisionoftheAgreement,PlaintiffsandDefendantsagreedtoshareanyprofitsfromtheresaleoftheSharesonaneven
50/50
basis.19.PursuanttotheAgreement,Plaintiffs,ortheiragents,paidDefendants$600,000.00.20.Plaintiffsagreedtopayathirdparty,MichaelHartstein("Hartstein"),$60,000.00toactasPlaintiffs'agentbyadvancingmoniesnecessarytopartiallyfundPlaintiffs'purchaseof$600,000.00worthofSpongeTechandVanitystockfromDefendants.21.AsPlaintiffs'agent,HartsteinpartiallyfundedPlaintiffs'$600,000.00paymentobligationundertheAgreement.3
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2-8-11 Solomon Sharbat v MSB Group Butler Doc 6 Amended Complaint Filed 9-16-10
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