Teed
Teed v. Chen
Opinion
Trial Court Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 RICHARD BURDEN TEED, Case No. 22-cv-02862-CRB
Plaintiff,
ORDER GRANTING IN PART AND
v.
DENYING IN PART MOTION TO
DISMISS
JAMES “JIMMY” CHEN, et al., Defendants.
13 Plaintiff Richard Burden Teed (“Teed”) brings contract, fraud, tort, and federal statutory claims against Defendants, James “Jimmy” Chen and Chen Trading Management, LLC (“Chen”), for allegedly mismanaging Teed’s Bitcoin. Compl. (dkt. 1). Teed alleges, inter alia, that Chen fraudulently induced Teed’s Bitcoin investment and failed to uphold promises to repay that investment. Id. Chen moves to dismiss Teed’s Complaint for failure to state a claim under Federal Rule of Civil Procedure 12(b)(6). Mot. (dkt. 11). Teed opposed the motion. Opp’n (dkt. 18). Chen replied. Reply (dkt. 23). Finding this case suitable for resolution without oral argument under Civil Local Rule 7-1(b), the Court GRANTS Chen’s motion as to fraud (claims 3 and 4) and Teed’s claims under the…