Kamath

Kamath v. Itria Ventures LLC

Good Law
United States District Court, Northern District of CaliforniaFebruary 13, 20245:23-cv-05153California4,530 words

Opinion

trial_court Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 RESHMA KAMATH, Case No. 23-cv-05153-SVK

8 Plaintiff,

ORDER GRANTING MOTION TO

9 v. DISMISS WITH LEAVE TO AMEND

10 ITRIA VENTURES, LLC, et al., Re: Dkt. No. 9 11 Defendants.

12 Pro se Plaintiff Reshma Kamath agreed to sell her business’s receivables to Defendants in 13 exchange for funding for her business. As is common in asset sales, Plaintiff authorized 14 Defendants to file a financing statement recording Defendants’ potential interest in the 15 receivables, and Defendants conditioned their obligation to provide funding on a due-diligence 16 review of the business’s finances. Defendants accordingly filed a financing statement with the 17 California Secretary of State, and following their review of the business’s finances, offered 18 Plaintiff less money than contemplated by their agreement. 19 Frustrated by Defendants’ conduct, Plaintiff commenced this action. See Dkt. 1 (the 20 “Complaint”). Defendants filed a motion to dismiss. See Dkt. 9…

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