Stem, Inc. v. Scottsdale Insurance Company

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 STEM, INC., Case No. 20-cv-02950-CRB

Plaintiff,

ORDER GRANTING IN PART AND

v. DENYING IN PART SCOTTSDALE

INSURANCE COMPANY’S MOTION

SCOTTSDALE INSURANCE COMPANY, FOR SUMMARY JUDGMENT;

GRANTING IN PART AND DENYING

Defendant. IN PART STEM, INC.’S MOTION FOR

SUMMARY JUDGMENT

13 Stem, Inc. has sued its liability insurer, Scottsdale Insurance Company, alleging that 14 Scottsdale breached the terms of their insurance contract when Scottsdale failed to cover 15 Stem’s losses associated with a 2017 lawsuit against Stem. In that underlying lawsuit, 16 certain Stem shareholders asserted claims arising from two transactions relevant here: a 17 2013 Series B financing round and a 2017 loan from Stem board member David Buzby to 18 Stem. Before this Court, Stem asserts various causes of action based on Scottsdale’s 19 denial of coverage and requests compensatory and punitive damages, along with attorneys’ 20 fees. Scottsdale now moves for summary…