Ferdowsi

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 ARASH FERDOWSI, et al., Case No. 24-cv-04644-MMC

Plaintiffs,

ORDER DIRECTING PARTIES TO

v. SHOW CAUSE WHY ACTION

SHOULD NOT BE DISMISSED

JPMORGAN CHASE BANK, N.A., et al., Defendants.

FEDERAL DEPOSIT INSURANCE

CORPORATION, AS RECEIVER FOR

FIRST REPUBLIC BANK, Counterclaimant, 15 v. ARASH FERDOWSI, et al., Counterclaim Defendants.

18 On March 14, 2025, the Court conducted a case management conference, at which time the Court advised the parties of its intent to issue a written order directing the parties to show cause why the above-titled action should not be dismissed. Having reviewed all filings to date, as well as the comments made by counsel at the case management conference, the Court will, for the reasons stated below, direct the parties to show cause why the instant action, consisting of (1) plaintiffs Arash Ferdowsi and Arash Ferdowsi Revocable Trust's (collectively,…