505 SFD, LLC v. Federal Deposit Insurance Corporation
Opinion
trial_court Opinion
1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 505 SFD, LLC, Case No. 24-cv-01751-SI
8 Plaintiff,
ORDER GRANTING IN PART AND
9 v. DENYING IN PART MOTION TO
DISMISS SAC
10 FEDERAL DEPOSIT INSURANCE CORPORATION, Re: Dkt. No. 71 11 Defendant. 12 13 14 Now before the Court is defendant’s motion to dismiss plaintiff’s claims for damages, with 15 the exception of the claim for unpaid base rent, from the second amended complaint. The Court 16 held a hearing on October 10, 2025. 17 18 BACKGROUND 19 This is the third time that the parties are before this Court on a motion to dismiss. Plaintiff 20 505 SFD, LLC owns 505 Sir Francis Drake Boulevard, a commercial property in Greenbrae, 21 California. Dkt. No. 68 (“SAC”) ¶ 7. First Republic Bank (“the Bank”) leased the premises from 22 plaintiff for a term that commenced on January 4, 2023, and was set to terminate on April 30, 2033. 23 Id. ¶¶ 8-9. However, on May 1, 2023, the California Department of Financial Protection…