Spartan Capital Securities, LLC v. Vicinity Motor Corp

Good Law
United States District Court, Northern District of CaliforniaMay 15, 20243:23-cv-01180California2,337 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SPARTAN CAPITAL SECURITIES, LLC, Case No. 23-cv-01180-TSH

Plaintiff,

ORDER RE: MOTION FOR

v. VOLUNTARY DISMISSAL WITH

PREJUDICE

VICINITY MOTOR CORP, Re: Dkt. No. 41 Defendant.

12 I. INTRODUCTION Pending before the Court is Plaintiff Spartan Capital Securities, LLC’s Motion for Voluntary Dismissal with Prejudice. ECF No. 41. Defendant Vicinity Motor Corp. filed a Response (ECF No. 42) and Plaintiff filed a Reply (ECF No. 43). Having considered the parties’ positions, relevant legal authority, and the record in this case, the Court GRANTS the motion for the following reasons.1 II. BACKGROUND In March 2023, Plaintiff brought this suit in diversity for breach of contract, breach of the implied covenant of good faith and fair dealing, and unjust enrichment, alleging Defendant improperly issued securities using a competing company in violation of a letter of intent. Compl., …

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