Frome Wye Limited v. Hosie Rice LLP
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 FROME WYE LIMITED, Case No. 23-cv-06153-EMC
Plaintiff,
ORDER DENYING DEFENDANTS’
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 (i.e., the two individual defendants) partners in the firm. In its complaint, Plaintiff alleges that, in 2018, it entered into an agreement with all three Defendants 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 continuing, third priority, perfected security interest in the ‘Partner…