Kraft

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 RUNE KRAFT, Case No. 22-cv-01266-AMO

Plaintiff,

ORDER GRANTING

v. MOTION TO DISMISS

WELLS FARGO & COMPANY, et al., Re: Dkt. No. 115 Defendants.

12 Plaintiff Rune Kraft brings this civil Racketeer Influenced and Corrupt Organizations (“RICO”) Act lawsuit against Defendant Wells Fargo & Company (“Wells Fargo”) and several of its current and former executives. Kraft alleges that Wells Fargo wrongfully permitted unauthorized persons to open bank accounts in the names of corporations owned by Kraft and eventually withdraw $1.3 million of the corporations’ assets for themselves. See Compl. ¶¶ 277, 326. Kraft brings his claims as an assignee of Pacific Equipment Management Company (“Pacific”), the successor by merger to the three corporations that allegedly suffered the injuries. Compl. ¶ 326.12. Before the Court is Defendants’ motion to dismiss. ECF 115. The Court assumes familiarity with the facts and the procedural history of…