Alvi

UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 10 Rehan S. Alvi, No. 2:22-cv-00500-KJM-DB Plaintiff, ORDER v. James Eads, 1S Defendant. 16 In this action, Richard Alvi alleges James Eads has refused to return the bitcoin Alvi gave him as security for a loan despite Alvi’s attempts to repay that loan. Eads claims Alvi has no 19 right to the bitcoin because Alvi has not repaid him. He moves to dismiss for lack of personal 20 jurisdiction and for failure to state a claim. As explained further below, this court has specific jurisdiction, and Alvi has stated viable claims based on his allegation that Eads has wrongly 22 refused repayment, so the motion is denied. 23 I. ALLEGATIONS Alvi is a real estate investor. Compl. □□ 8-9, ECF No. 1. In September 2019, he offered 25 to borrow money from Eads at a higher interest rate than Eads could obtain elsewhere. See id. § 11. The next month, they reached an agreement for Alvi to…