Rothenberg

Federal Deposit Insurance Corporation v. Rothenberg

Good Law
United States District Court, Northern District of CaliforniaJune 6, 20244:23-cv-01606California2,676 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 FEDERAL DEPOSIT INSURANCE Case No. 23-cv-01606-JST

CORPORATION,

8 Plaintiff, ORDER GRANTING PLAINTIFF’S MOTION FOR SUMMARY v. JUDGMENT 10 MICHAEL BRENT ROTHENBERG, Re: ECF No. 26 11 Defendant.

12 Before the Court is the Federal Deposit Insurance Corporation’s (“FDIC”) motion for summary judgment. ECF No. 26. The Court will grant the motion. I. PROCEDURAL BACKGROUND This case arises out of Defendant Michael Rothenberg’s loans from Silicon Valley Bank (“SVB”). To recover its unpaid loans, SVB filed a complaint against Rothenberg and Rothenberg Ventures, LLC (“RVMC”) on February 13, 2019, in Santa Clara Superior Court. Complaint, Silicon Valley Bank v. Rothenberg, No. 19-cv-343267 (Cal. Super. Ct. Feb. 13, 2019) (ECF No. 1- 1 at 8–20). SVB originally alleged five causes of action––three breach of contract claims against Rothenberg based on his failure to repay three loans, and two breach of written guaranty…

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