Bhatia

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SOHAM BHATIA, et al., Case No. 23-cv-00667-JSC

Plaintiffs,

ORDER RE: DEFENDANTS’ MOTION

v. TO DISMISS, OR, IN THE

ALTERNATIVE, TO TRANSFER

SILVERGATE BANK, et al., VENUE Defendants. Re: Dkt. No.

12 Plaintiffs sue Silvergate Bank, its parent company, Silvergate Capital Corporation and Silvergate CEO Alan J. Lane (collectively, Silvergate), for aiding and abetting a multibillion- dollar fraud scheme orchestrated by Samuel Bankman-Fried (Bankman-Fried) through the cryptocurrency exchange FTX and the cryptocurrency hedge fund Alameda Research LLC (Alameda). (Dkt. No. 14.) Before the Court is Silvergate’s motion to dismiss, or, in the alternative, transfer venue. (Dkt. No. 16). Having carefully considered the briefing, the Court concludes oral argument is unnecessary, see Civ. L. R. 7-1(b), and GRANTS the motion to transfer the action to the District Court of the Southern District of California under 28 U.S.C.…