Gary Abrams v. Blackburne and Sons Realty Capital Corporation

I. INTRODUCTION AND BACKGROUND

Defendant Gardner’s motion to stay the case pending appeal is presently before the Court. The Court finds that the motion is appropriate for decision without oral argument. See Fed. R. Civ. P. 78; C.D. Cal. L-R. 7-15. Accordingly, the matter is hereby taken under submission. On August 9, 2019, plaintiffs Gary Abrams, individually and as trustee of the Gary Abrams Living Trust Dated 4/28/2008; Jeffrey Aran; Stephen Debenedetto; and Preston Rohner (collectively, “plaintiffs’”), filed the complaint in this action against Blackburne and Sons Realty Capital Corporation; and George Blackburne, III (“the Blackburne defendants”); Angelica Gardner; Angela Vannucci; and Does through 10, inclusive (collectively, “defendants”’). Dkt. 1. The procedural history of this case is known to the parties. This case involves a dispute between plaintiffs, who are individual investors in a hard money loan, and defendants, a commercial lending company and its agents, who brokered that loan between plaintiffs, other investors, and a group of borrowers. Id. In substance, plaintiffs allege that defendants committed fraud and…