Deirmenjian

ORDER GRANTING DEFENDANTS’ PARTIAL MOTION TO DISMISS THE AMENDED COMPLAINT

On January 12, 2006, Varoujan Deirmen-jian and six other plaintiffs commenced this putative class action in Los Angeles Superior Court against Deutsche Bank, A.G., Dresdner Bank, A.G., and certain fictitious defendants (collectively, “defendants” or “German Bank Defendants”). On February 10, 2006, the action was removed to this court.

Plaintiffs bring the action on their own behalf, and on behalf of similarly situated individuals and the general public, to recover money and property purportedly withheld by defendants during the Armenian Genocide. Plaintiffs allege that they are the “rightful heirs” of that money and property and seek recovery of all deposited assets not returned, a full accounting, and disgorgement by the German Bank Defendants of interest and profits derived from the deposited assets. Plaintiffs also seek — on behalf of named plaintiff Raffi Bakian and the putative members of Class B — the return of all looted assets received by the German Bank Defendants. With respect to these assets, they plead state law causes of action for breach of special duty; expropriation and conversion; unjust…