1791 MANAGEMENT, LP v. ENERGY VAULT, INC.

I. BACKGROUND

On May 18, 2022, Plaintiff filed this action against Defendant Energy Vault, Inc. (“Energy Vault’) in the California Superior Court for the County of Los Angeles. See Brandon S. Reif Decl. (“Reif Decl.”) § 2 (Dkt. No. 26). Plaintiff filed its Second Amended Complaint (“2AC”) on September 13, 2022 against Defendants Energy Vault, Robert Piconi, William Gross, Zia Huque, Andrea Pedretti, Andrea Wuttke, Novus Capital Corporation II, Robert Laikin, Larry

CV-90 (12/02) CIVIL MINUTES — GENERAL Initials of Deputy Clerk CB

Paulson, and Jeffrey Foster. See Reif Decl., Ex. B (2AC). The 2AC asserted state law claims for (1) breach of fiduciary duty, (2) common law fraud, (3) negligent misrepresentation, (4) negligence, (5) constructive fraud, (6) violation of California Corporations Code §§ 25110-25118, and (7) violation of California Corporations Code §§ 25400-25550, arising from Defendants allegedly fraudulently inducing Plaintiff to invest in Defendant Energy Vault’s warrants. Id. Defendant Energy Vault and the individual Defendants filed demurrers to the SAC. See Notice of Removal (“NOR”) ¶ 6.

On November 28, 2022, the state court…