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Business Transactions

U.S. District Court — Northern District of California
Uncategorized

Ved v. Global Fitness Ventures — N.D. Cal. dismisses derivative suit for lack of diversity, holding LP is real party in interest

Judge Gilliam dismisses Divyang Ved’s derivative suit on behalf of Spain Fitness Ventures, LP for lack of subject matter jurisdiction, holding that the limited partnership is the real party in interest under Ross v. Bernhard and that its New Jersey citizenship — through Ved as a New Jersey limited p

U.S. District Court — Northern District of California
Uncategorized

Trimble Inc. v. Unity Software — N.D. Cal. compels arbitration of distribution-fee dispute under AAA delegation clause

Judge Gilliam compels arbitration of Trimble’s breach-of-contract suit against Unity Software over a disputed distribution fee, holding that the AAA delegation clause in Unity’s Terms of Service sends arbitrability questions — including the scope of the agreement — to the arbitrator.

U.S. District Court — Northern District of California
Uncategorized

Lipp v. Mixedbread AI — N.D. Cal. tosses conversion and Penal Code § 496 claims in AI co-founder dispute, lets contract claims survive

Magistrate Judge Hixson grants in part Mixedbread AI’s motion for judgment on the pleadings, dismissing AI startup co-founder Julius Lipp’s conversion and California Penal Code § 496 claims under the economic loss rule, while leaving the breach-of-contract counts intact.

U.S. District Court — Northern District of California
Uncategorized

In re PG&E Corporation — N.D. Cal. denies interlocutory appeal of bankruptcy ruling that PSLRA discovery stay does not apply

Judge Gilliam declines interlocutory review of a Bankruptcy Court ruling that the PSLRA’s automatic discovery stay does not shield non-party Directors and Underwriters from third-party subpoenas served by claimants in the PG&E bankruptcy, even though the Directors and Underwriters are also defe

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