TR3 Productions and Distribution Seeks Return of Leased Premises, Alleges Breach of Lease & Negligent Misrepresentation Charges Against Menlo Investors
November 14, 2021, District of Maryland – Debtor and Debtor in possession TR3 Productions and Distribution, LLC, commences a lawsuit against Menlo Investors, LLC for “breach of lease”, “negligent misrepresentation”, and “fraud”.
TR3 claims that Menlo breached its lease agreement with TR3 by “failing to replace broken and defective HVAC units” in the leased premises. In addition, the complaint contends that Menlo knew that the leased property was not in “habitable” and “usable” condition but advertised it as a property with a functioning production studio suitable for the uses that TR3 needed the space. Adding further, the Debtor argues that Menlo allegedly made these “misrepresentations” and “omitted to disclose material facts” such as the leaking roof and mold with the intent to obtain a lease from TR3. TR3 further contends that it expended large amounts of money to renovate the leased space and modernize the production studio at the leased space and should be adequately compensated.
Next, the TR3 alleges the judgment obtained by Menlo in the District Court for Baltimore City to evict TR3 from the leased premises less than 30 days before TR3 filed for bankruptcy is an “improper preference” and is not avoidable. TR3 requests the Court to have Menlo return the leased space to it, as Menlo has now fixed most of the roof leaks and satisfactorily repaired the HVAC system. Additionally, TR3 seeks compensatory damages of Three Hundred Thousand Dollars ($300,000) for its removal from the leased space by Menlo and such other and further relief as this Court deems necessary and proper.
IN RE: TR3 PRODUCTIONS AND DISTRIBUTION, LLC, Case No. 21-16478