Frome Wye Limited v. Hosie Rice LLP

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 FROME WYE LIMITED, Case No. 23-cv-06153-EMC

Plaintiff,

ORDER DENYING PLAINTIFFS’

v. MOTION FOR TEMPORARY

RESTRAINING ORDER

HOSIE RICE LLP, et al., Defendants. Docket No.

12 13 Plaintiff Frome Wye Limited has filed suit against Defendants Hosie Rice LLP, Spencer Hosie, and Diane Rice. Hosie Rice is a law firm, and Mr. Hosie and Ms. Rice partners in the firm. In its complaint, Plaintiff alleges that, in 2018, it entered into an agreement with all three Defendants (the law firm and the individual partners) under which the law firm obtained funding from Plaintiff (e.g., to pay monthly operating expenses). See Compl. ¶¶ 11-12. Under the funding agreement, Plaintiff was granted “a continuing, first priority, perfected security interest in the Firm Collateral . . . and all proceeds thereof.” Agmt. ¶ 13.6. In addition, Plaintiff “was granted a

22 1 Firm Collateral is defined in the agreement as follows:

23…