Camenisch

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 9 SHELA CAMENISCH, et al., Case No. 20-cv-05905-RS Plaintiffs, 11 v. ORDER DENYING SUMMARY JUDGMENT AND GRANTING CLASS

UMPQUA BANK, CERTIFICATION

13 Defendant.

15 I. INTRODUCTION Plaintiffs in this putative class action are victims of an alleged Ponzi scheme carried out by Kenneth Casey through two companies he founded and controlled—Professional Investors Security Fund, Inc. (“PISF”) and Professional Financial Investors, Inc. (“PFI”). Casey is deceased, and PISF and PFI are in bankruptcy. Plaintiffs therefore seek to recover damages from Umpqua Bank, the financial institution that handled all of the accounts of PISF and PFI. Plaintiffs now move to certify the class, and Umpqua moves for summary judgment. The motion for summary judgment will be denied, and a class will be certified. 24 II. BACKGROUND There is no dispute that…