Gary Abrams v. Blackburne and Sons Realty Capital Corporation

I. INTRODUCTION

Plaintiffs Gary Abrams, individually and as trustee of the Gary Abrams Living Trust Dated 4/28/2008, Jeffrey Aran; Stephen DeBenedetto; and Preston Rohner brought suit against defendants Blackburne and Sons Realty Capital Corporation (“BSR”); George Blackburne III, President and Founder of BSR (together, “BSR defendants”); Angelica Gardner, former Executive Vice President of BSR; Angela Vannucci, Vice President of BSR; and Does | through 10 on August 9, 2019. Dkt. 1 (“Compl.”). Plaintiffs allege claims for: (1) securities fraud pursuant to Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78)(b) and 17 C_F_R. § 240.10b-5, against BSR; (2) securities fraud pursuant to California Corporations Code § 25501, against all defendants: (3) securities fraud pursuant to California Corporations Code § 25501.5, against BSR; (4) rescission of contract against BSR; (5) fraudulent inducement against BSR, Blackburne, and Gardner; (6) negligent misrepresentation against BSR, Blackburne, and Gardner: (7) breach of fiduciary duty against BSR: (8)…