Wright

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA San Francisco Division ROBERT WRIGHT, on behalf of himself Case No. 20-cv-05281-LB and all others similarly situated, ORDER GRANTING MOTION FOR Plaintiff, SUMMARY JUDGMENT 13 v. Re: ECF No. 78

CHARLES SCHWAB & CO., INC.,

15 Defendant. 16 INTRODUCTION This is a putative class action challenging an alleged bug in Charles Schwab’s online trading platform for stock transactions. The named plaintiff tried to close a short position in Royal Caribbean stock but placed duplicate orders that purchased shares without closing the short position. As a result, he lost $10,000. He sued Schwab for breach of the brokerage agreement. Schwab moved for summary judgment on the grounds that it executed the plaintiff’s orders accurately (and thus did not breach the contract), and in any event, the plaintiff breached his contractual obligation to contact Schwab after he learned about the problems with…