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Banking & Finance

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In re Alpha Beta Gamma Trust — C.D. Cal. Affirms Dismissal of Quiet-Title Suit Against Bankruptcy Trustee on Quasi-Judicial Immunity

Central District of California affirms a bankruptcy court order dismissing a state-court quiet-title suit against a Chapter 7 trustee, holding the trustee was entitled to quasi-judicial immunity for acts approved by the bankruptcy court — even though the Barton doctrine evaporated once the case was

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Sundahl v. Comerica Bank — S.D. Cal. Dismisses Elder Abuse and Electronic Funds Transfer Act Claims Over $6,815 Direct Express Card Fraud

The court dismissed financial-elder-abuse and Electronic Funds Transfer Act claims by a Social Security beneficiary against Comerica Bank and the operator of the Direct Express debit-card program after $6,815 in fraudulent transactions, ruling that the complaint did not allege the bank had actual kn

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Alexander Group v. Comerica Bank — N.D. Cal. enforces commercial loan acceleration over coterminous and financial-reporting defaults

Judge Orrick grants summary judgment for Comerica Bank on its acceleration of a $5.9 million commercial real estate loan to Alexander Group, LLC, holding that the loan documents are unambiguous and that Alexander Group triggered acceleration by missing payments and failing to provide required corpor

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