Sodalin Kaing v. Pultegroup, Inc.

MEMORANDUM

Sodalin Kaing, on behalf of herself and a putative class of similarly situated plaintiffs, appeals the district court’s order dismissing her complaint against Pulte Homes, Inc., Pulte Home Corporation, and Pulte Mortgage, LLC (“Pulte”), for lack of standing. Kaing also challenges the district court’s denial of leave to amend. We have jurisdiction under 28 U.S.C. § 1291 . We affirm.

In this diversity lawsuit, Kaing alleges negligent misrepresentation, breach of the implied covenant of good faith and fair dealing, and violation of California’s Unfair Competition Law (“UCL”) and Consumer Legal Remedies Act (“CLRA”). In her complaint, Kaing claimed that Pulte’s actions caused her home to lose value beyond the losses caused by general economic conditions. Kaing alleged that Pulte encouraged and then financed unqualified and subprime home purchasers while concealing from other purchasers of homes in the neighborhood the extent of subprime lending. Kaing stated that she was one of the unqualified buyers and that she would not have qualified for a loan from an independent lender. Kaing also alleged that she paid an inflated purchase price because Pulte used an inflated…