Marselian
Marselian v. Wells Fargo and Company
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SETO MARSELIAN, et al., Case No. 20-cv-03166-HSG
Plaintiffs, ORDER GRANTING MOTION TO
COMPEL ARBITRATION
v. Re: Dkt. No. 24 WELLS FARGO AND COMPANY, et al., Defendants.
12 Pending before the Court is the motion to compel arbitration filed by Defendants Wells Fargo & Company and Wells Fargo Bank, N.A. Dkt. No. 24. The Court held a hearing on December 10, 2020. For the reasons detailed below, the Court GRANTS the motion to compel. I. BACKGROUND In response to the COVID-19 pandemic, Congress enacted the Coronavirus Aid, Relief, and Economic Security Act, Pub. L. No. 116-136, 134 Stat. 281 (Mar. 27, 2020) (“CARES Act”). As relevant to these two cases, the CARES Act amended the Small Business Act (“SBA”), 15 U.S.C. § 636, and established the Paycheck Protection Program (“PPP”) to help small businesses meet payroll and cover expenses. See CARES Act, § 1102. Under the PPP, participating lenders were authorized to make loans to…