Arenas

BACKGROUND

In October 2024, South Grand sued SLH and Arenas for breach of contract, breach of fiduciary duty and fraud, alleging South Grand and SLH entered into a lease agreement pursuant to which SLH agreed to pay monthly rent in the amount of $22,592.60 in return for South Grand providing a 22,658 square foot premises in Los Angeles. South Grand alleged that SLH breached the agreement by failing to pay rent and other fees since April 2023. South Grand also alleged Arenas used SLH as his alter ego, caused it to breach the lease, then depleted its funds to avoid anticipated contract damages. The lease agreement shows that Arenas signed it on behalf of SLH as an “authorized signatory.” (Capitalization omitted.) Arenas specially appeared to quash service of summons on the ground of lack of jurisdiction. Arenas declared and later testified in jurisdictional discovery that he is a resident of New York; he is the chairman and CEO of Serendipity Labs, Inc. (Serendipity), which owned SLM LA2, LLC (SLM), which was one of SLH’s two managing members; he signed the lease agreement on behalf of SLH as SLM’s representative; and he sat on Serendipity’s investment

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