Corbrus, LLC v. 8th Bridge Capital, Inc.

I. INTRODUCTION AND BACKGROUND

The Court previously set out the factual and procedural background of this case in its April 20, 2020 order, dkt. (“MTD Order’), and in its May 4, 2020 order, dkt. 53 (“Arbitration Order’). For that reason, the Court only sets forth those facts necessary to resolve defendants David Paz (“Paz”), Omnia Group, Ltd., and Omnia Properties, LLC’s (collectively, “the Paz defendants”) motion to dismiss. The Court held a hearing on July 27, 2020. Having carefully considered the parties’ arguments, the Court finds and concludes as follows. A. Corbrus Files this Action Plaintiff Corbrus, LLC (“Corbrus’”) filed this action against the Paz defendants and a number of other defendants on November 30, 2019. Dkt. 1. Corbrus thereafter filed a first amended complaint on December 12, 2019. Dkt. 7 (“FAC”). The FAC asserted claims against the Paz defendants for: (1) fraud and deceit: and (2) negligent misrepresentation. See generally Id. The gravamen of Corbrus’ claims is that in 2015, its principal, Fu-Shen Chang (“Chang”), entered into a partnership, known as “the Manhattan Fund,” with defendant Young Kim (“Kim”) and Kim’s 8th …