Chang
Chang v. Interactive Brokers LLC
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA
BENJAMIN CHANG, Case No. 21-cv-05967-NC Plaintiff,
ORDER GRANTING
v. DEFENDANT’S MOTION TO
DISMISS WITH LEAVE TO
INTERACTIVE BROKERS LLC, AMEND Defendant. Re: ECF 21 15 Plaintiff Benjamin Chang brings this case on behalf of himself, and other victims of a Ponzi scheme devised by Haena Park and conducted on Defendant Interactive Brokers LLC’s trading platform. Chang alleges that IBKR aided and abetted Park in facilitating her fraudulent scheme and breaching her fiduciary duties to her investors, resulting in the loss of over $14 million of investor contributions. IBKR moves to dismiss this complaint on the grounds that Chang’s claims are time-barred and do not sufficiently plead IBKR’s knowledge of Park’s scheme. After reviewing the complaint and briefing, the Court GRANTS IBKR’s motion and GRANTS Chang leave to amend. I. BACKGROUND As alleged in the complaint, Chang is a victim of a Ponzi scheme…