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Case 1:10-cv-00333-SHS Document 1 Filed 01/14/2010 Page 1 of 8

JIJIlnn crg¡¡ qi i¡
IINITED STATES DISTRICT COURT
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Q.J €J AJ
SOUTHERN DISTRICT OF NEW YORK
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RICHMOND MCCOY :

Plaintift
Index No::
- agarnst -
i-;i --:-*

JOHN O. UTENDAHL, r{tlËil\rf


-..-..-..;.j _::..

Defendant. :
li JAN 14 2010
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Plaintift Richmond McCoy, by his attorneys,

('EBG'), by way of Cornplaint against Defendant, John O. Utendahl ("Defendanf') alleges as

follows:

TIIE PARTIES

1. At all tirnes relevant hereto, Mr. McCoy was and is an individual and

resident ofthe State of Texas with an address at7937 BlerflLeim Place, Fort Worth, Texas 76120.

2. Upon information and belief, at all times relevant hereto, Defendant was

and is an individual and a resident of the St¿te of New York, with an address at 47 Columbia

Place, Brooklyn, New York I 1201.

JURISDICTION AND VENTJE

3. Jurisdiction in this court is properþ based upon diversity pursuant to 28

U.S.C. $ 1332, tn that the parties are citizens of different states and the matter in controversy

exceeds $75,000.

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Case 1:10-cv-00333-SHS Document 1 Filed 01/14/2010 Page 2 of 8

4. Venue is properþ located in the United States District Court for the

Soutlem District of New York, pursuant to 28 U.S.C. $ 139 i, because a substantial part of the

events and decision-rnaking giving rìse to this action occurred in New York, New York.

THEF'ACTS

5. On or about May 7,2009, Mr. McCoy loaned Defendant a sum of one

hundred fifty thousand dollars ($150,000.00).

6. On or about May 7,2009, Defenda¡t made and delivered to Mi. McCoy

for value received, a certain promissory note in writing, whereby Defendant promised to repay to

Mr: McCoy the sum of one hundred fifty thousand dollars ($150,000.00), together with all

accrued and unpaid interest on or about July 6, 2009 ("Initial Note").

7. On or about August 6, 2009, Defendant made verbal assurances to M¡.

McCoy that he would repay the one hundred fifty thousand dollar loan, and requested an

extension on the repayment term of the Initial Note and a loan of an additional one hundred

thousand dollars ($I 00,000.00).

8. Accordingly, on or about August 6,2009, the Initial Note was amended

and replaced by a second promissory note ('Note"), whereby Defendant promised to pay to Mr.

McCoy the sum of two hundred fifty thousand dollars ($250,000.00), together witl all accrued
and unpaid interest on or before September 30, 2O0g- A copy of the Note is annexed, marked

Exhibit "4.' and made a part ofthis Complaint by reference.

9. Under the terms of the Note, all sums owed by Defendant rmder the Note

became due and payable forthwith on September 30, 2009, with interest accruing on all unpaid

principat at the rate of eight percent (8%) per arurum.

NY:3999277v1
Case 1:10-cv-00333-SHS Document 1 Filed 01/14/2010 Page 3 of 8

10. Defendant failed to pay Mr. McCoy the two hundred fifty thousand dollars

($250,000.00), together with all accrued and unpaid interest owed by September 30,2009, as

agreed under the terms of the Note-

11. Thereafte¡ on or about December 29, 2009, Mr. McCoy, through his

attomeys, sent a letter to Defendant demaading payment of all sums due under the Note and

advising that Defendant was in default ofhis obligations under the Note.

12. Despite Mr. McCoy's demand for payment from Defendant for the

outstanding balance due, Defendant has failed to pay the same or any pa¡t thereof.

13. Under the terms of the Note, Mr. McCoy is entitled to payment from

Defendant of all reasonable costs and expenses incurred in enforcing Defendant's obligations

under the Note, and in connection with collection efforts related thereto, including Mr. McCoy's

reasonable attomeys' fees.

X'IRST COTJNT
(Bre*ch of Contract)

14. Mr. McCoy repeats and realleges the allegations listed in paragraphs I

ft16rrgh 11 as set forth in Íù11 herein.

15. The Note constitutes a valid and enforceable contract between I\,4r. McCoy

and the defendant.

16. Under the Note, Ðefendant agreed to pay Mr. McCoy two hundred fifry

thousand dollars ($250,000.00), together with all accrued and unpaid inte¡est on or before

September 30,2009.

17. Despite l\zlr. McCoy's demand, Defendant faileal to pay Mr. McCoy two

hundred fifty thousand dollars ($250,000.00), togetle¡ with all accrued and unpaid interest that is

owed under the Note.

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18. Defendant has breached his agreement with Mr. McCoy by failing to make

the payment required under the Note.

19. Mr. McCoy has been damaged by Defendant's b¡each in an amount to be

determined at trial, but not less than the sum of$250,000, plus inter€st, attorrìeys' fees and costs.

SECONDCOT]NT
(Uniust Enrichment)

20. Mr. McCoy repeats and realleges the allegations listed in pangaphs 12

through 16 as set forth in fr¡ll herein.

21. Mr. McCoy's loan to Defendant has increased the financial resources

Defendant has had to spend for his living expenses, including expenses for Defendant's personal

use and enjoyment.

22. Although Defendant promised to repay the loan under the terms agreed to

in the Note, Defendant has refused to repay the loan.

23. It is against equity and good conscience for Defendant to retain the fruits

ofthe loan without paying the loan.

24. As a result of Defendant's failure to repay the loan, Defendant has been

rmjustly enriched at Mr. McCoy's expense.

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Case 1:10-cv-00333-SHS Document 1 Filed 01/14/2010 Page 5 of 8

WHEREFORE, the plaintiff respectfully requests that the Court enter judgrnent

against Defendant fur: (a) the sum of two hundred fifty thousand dollars ($250,000.00), plus

interest since September 30,2009 at aa eight percent (8%) interest rate; (b) all reasonable costs

and expenses incuned in this proceeding arìd in connection ìÀ/itl collection efforts related thereto,

including without limitation, plaintiffs reasonable attomeys fees and disbursements; and (c)

such other reliefas the Court deems just and equitable.

Dated: January 14,2010

250 Park Avenue


New York, New Yotk 10177-1211
Qr2)3st4500
Attomeys for Plaintiff
Richmond McCoy

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Case 1:10-cv-00333-SHS Document 1 Filed 01/14/2010 Page 6 of 8

Exhibit A
Case 1:10-cv-00333-SHS Document 1 Filed 01/14/2010 Page 7 of 8

FIRÊr AMENÐED ANp RESTATEI mOÙûSSûRy NOTE,

$26ût0t.00 l{bqr,Y<ù,lE}ùerv Yôú


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