Bagatelos

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 9 PETER A BAGATELOS, et al., Case No. 23-cv-02759-RS Plaintiffs, 11 v. ORDER PERMITTING FURTHER SUBMISSION TO ADDRESS

UMPQUA BANK, STANDING

13 Defendant.

15 I. INTRODUCTION This case arises from the same underlying facts alleged in Camenisch v. Umpqua Bank, Case No. 3:20-CV-05905-RS. Plaintiffs contend they were members of the putative class proposed in the original Camenisch complaint, which was filed by the same plaintiffs’ counsel. The Camenisch plaintiffs allege they were victims of an alleged real estate investment Ponzi scheme carried out by Kenneth Casey through two companies he founded and controlled— Professional Investors Security Fund, Inc. and Professional Financial Investors, Inc. (collectively “PFI”).1 Casey is deceased, and PFI filed bankruptcy. Investors recovered only a portion of their investments in the bankruptcy. The Camenisch plaintiffs…