IP Solutions, Inc. v. Central Sierra Holdings, Inc.

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA 10 IP SOLUTIONS, INC., ) Case No.: 1:21-cv-01391 JLT SKO ) Plaintiff, ) ORDER DENYING DEFENDANT’S MOTION TO ) DISMISS v. ) ) (Doc. 15) CENTRAL SIERRA HOLDINGS, INC., ) Defendant. ) ) 16 IP Solutions, Inc. seeks to hold Central Sierra Holdings, Inc. dba Mother Lode Products liable for breach of contract to negotiate in good faith the sale of MLP’s business. (See generally Doc. 11.) MLP seeks dismissal of the First Amended Complaint pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure. (Doc. 15.) IPS opposes dismissal, asserting it states a valid and plausible claim on its face. (See Doc. 20.) The Court finds the matter suitable for decision without oral argument pursuant to Local Rule 230(g) and General Order 618. For the reasons set forth below, MLP’s motion to dismiss is DENIED. I. Background and Allegations IPS is an Ohio-based company in the business of acquiring and investing in companies across 26 …