Daly
Daly v. Federal Deposit Insurance Corporation, as Receiver for First Republic Bank
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 ROBERT A. DALY, Case No. 24-cv-00242-EMC
Plaintiff,
ORDER GRANTING IN PART AND
v. DENYING IN PART DEFENDANT’S
MOTION TO DISMISS
FEDERAL DEPOSIT INSURANCE
CORPORATION,
Docket No. 36 Defendant. 12 13 Plaintiff Robert A. Daly, Jr. has filed suit against the Federal Deposit Insurance Corporation (“FDIC”), as receiver for First Republic Bank (“Bank”). Mr. Daly previously worked for the Bank. According to Mr. Daly, the Bank fraudulently induced him to accept employment “mere weeks before [it] failed.” Compl. ¶ 1. Now pending before the Court is the FDIC’s motion to dismiss. Having considered the parties’ briefs as well as the oral argument of counsel, the Court hereby GRANTS in part and DENIES in part the motion to dismiss. I. FACTUAL & PROCEDURAL BACKGROUND In his complaint, Mr. Daly alleges as follows. Mr. Daly is a financial adviser. See Compl. ¶ 11. In late 2022, the…