De Lisser v. Lockton Companies, LLC - Pacific Series
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 CEDRIC DE LISSER, et al., Case No. 23-cv-00243-AMO
Plaintiffs,
ORDER GRANTING MOTION TO
v. REMAND
LOCKTON COMPANIES, LLC - PACIFIC Re: ECF. No. 29 SERIES, et al., 11 Defendants.
12 Before the Court is Plaintiffs’ motion to remand. The matter is fully briefed and suitable 13 for decision without oral argument. See Civil L.R. 7-6. Having read the parties’ papers and carefully considered their arguments and the relevant legal authority, and good cause appearing, the Court hereby GRANTS the motion, for the following reasons.
FACTUAL BACKGROUND
18 Cred, Inc. offered a program, CredEarn, through which individuals (“investors”) lent 19 cryptocurrency to Cred for a fixed time period in exchange for a return on that loan. ECF No. 45, 20 Second Amended Complaint (“SAC”) ¶ 3. Cred sold the borrowed cryptocurrency for cash and 21 invested the proceeds for the term of the loan. Id. Cred then repurchased the cryptocurrency at the end of the loan period and returned it,…