Blockchain Innovation, LLC v. Franklin Resources, Inc.

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 5 BLOCKCHAIN INNOVATION, LLC, Case No. 21-cv-08787-HSG

Plaintiff,

ORDER DENYING MOTIONS TO

v. DISMISS

FRANKLIN RESOURCES, INC., et al., Re: Dkt. Nos. 56, 57, 58, 78 Defendants.

11 Before the Court are Defendants’ motions to dismiss the First Amended Complaint (“FAC”). The Court found this matter appropriate for disposition without oral argument and took the motion under submission. See Civil L.R. 7-1(b); Dkt. No. 108. The Court DENIES the motions. I. BACKGROUND The financial technology deal at the center of this case has spawned the following claims: (1) breaches of fiduciary duty by Franklin Resources, Inc. (“FRI”) doing business as Franklin Templeton, FT FinTech (“FT”), and Roger Bayston; (2) trade secret misappropriation by FT, FRI, and Franklin Templeton Companies, LLC (“Corporate Defendants”); (3) breach of contract by Corporate Defendants; (4) copyright infringement by Corporate Defendants; and (5) aiding and abetting by…