Teed

IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 9 RICHARD BURDEN TEED, Case No. 22-cv-02862-CRB

Plaintiff,

ORDER GRANTING MOTION TO

v.

DISMISS

JAMES “JIMMY” CHEN, et al., Defendants.

Plaintiff Richard Burden Teed (“Teed”) brings breach of contract, fraud, negligent misrepresentation, conversion, replevin, breach of fiduciary duty, violation of 17 C.F.R. § 1.20(a), fraudulent solicitation, and negligence claims against Defendants James “Jimmy” Chen and Chen Trading Management, LLC (together, “Chen”), for allegedly mismanaging Teed’s Bitcoin. FAC (dkt. 34). Teed alleges that Chen fraudulently induced Teed’s Bitcoin investment and failed to uphold promises to repay that investment. Id. Chen moves to dismiss Teed’s claims for fraud, negligent misrepresentation, replevin, and Securities Act violation for failure to state a claim under Federal Rule of Civil Procedure 12(b)(6). Mot. (dkt. 38). Teed opposed the motion. Opp’n (dkt. 42). Chen replied. Reply (dkt. 43). Because…