OPINION & ORDER Plaintiffs Charles Stephenson, on his own behalf and as assignee of all claims of former plaintiffs SGM Holdings LLC (“SGM”), Syndicated Geo Management Corporation, Richard Featherly, and Premier Natural Resources LLC (collectively, “Plaintiffs”) bring this action against Defendants A. James Andrews, Richard Gaines, and Karl Schledwitz (collectively, “Defendants”) pursuant to New York Judiciary Law §487 based on allegedly deceitful statements made to this Court in DNV Investment Partnership v. SGM Holdings LLC, No. 15 Civ. 1255 (S.D.N.Y.). Having completed discovery, the parties have both moved for summary judgment pursuant to Federal Rule of Civil Procedure 56. The Court DENIES both motions. BACKGROUND This case arises from a botched joint venture to purchase and redevelop several oil and gas wells. The botched joint venture resulted in a litigation (the “DNV Action”), whereby a set of investors (represented by Defendants here) sued its joint venturers (Plaintiffs here) for fraud. DNV Inv. P’ship v. Field (“DNV V”), No. 15 Civ. 1255, 2020 WL 2539029, at *1 (S.D.N.Y. May 19, 2020).1 On May 19, 2020, this Court granted defendants’ motion for summary judgment, terminating the DNV Action. Id. at *9. Plaintiffs now bring this action pursuant to New York Judiciary Law §487 alleging that Defendants knowingly made false and deceptive statements to this Court during the prior DNV Action. Pls.’ Mem. Law Sup. Pls.’ Mot. Summ. J. (“Pls.’ Mem.”) 1, ECF No. 96. Because this case arises in connection to the DNV Action, the Court briefly recounts the transaction and alleged fraud underlying the DNV Action, relying on the record in this case and the Court’s prior opinion granting summary judgment to the defendants (the “DNV Defendants”). I. DNV Action A. The Parties to the Underlying Joint Venture Plaintiff Richard Featherly was the President of Plaintiff Syndicated Geo Management Corporation (“Syndicated Geo”), and then manager of SGM Holdings, LLC (“SGM”). Pls.’ Rule 56.1 Statement Material Fact (“Pls.’ SOF”) 38, ECF No. 97. He also served as the initial president of Reed. Id. Syndicated Geo entered a letter agreement with Regent Private Capital, LLC (“Regent”) which was run by Lawrence Field, to act as Syndicated Geo’s agent in obtaining financing. LaMons Decl. Ex. 53 (“Field Decl.”)
17-18. Regent described itself as a joint family office of the Charles Stephenson and Lawrence Field families. DNV V, 2020 WL 2539029, at *1. Stephenson is the chairman of the board of Premier Natural Resources, LLC (“Premier”), an Oklahoma-based oil and gas exploration company. Id. The joint venture also involved a private equity firm called Metropolitan Equity Partners (“MEP”) and its managing partner, Paul Lisiak. Id. MEP was the manager and founder of Metropolitan EIH13, LP (“Met13″), a partnership and fund created specifically to raise capital for the joint venture. Id. at *2. B. The Joint Venture In 2011, Syndicated Geo, through its agent Regent, sought financing to pay for the acquisition and development of oil and gas fields.2 Pls.’ SOF
