Dream Investment Group, LLC v. Wells Fargo, National Association

CourtDistrict Court, C.D. California
DecidedDecember 9, 2020
Docket2:20-cv-10219
StatusUnknown

This text of Dream Investment Group, LLC v. Wells Fargo, National Association (Dream Investment Group, LLC v. Wells Fargo, National Association) is published on Counsel Stack Legal Research, covering District Court, C.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Dream Investment Group, LLC v. Wells Fargo, National Association, (C.D. Cal. 2020).

Opinion

UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA CIVIL MINUTES - GENERAL

Case No.: CV 20-10219 AB (AFMx) Date: December 9, 2020

Title: Dream Investment Group, LLC et al v. Wells Fargo, National Association, et al

Present: The Honorable ANDRE BIROTTE JR., United States District Judge Carla Badirian N/A Deputy Clerk Court Reporter

Attorney(s) Present for Plaintiff(s): Attorney(s) Present for Defendant(s): None Appearing None Appearing

Proceedings: [In Chambers] ORDER DENYING MOTION FOR REMAND AND GRANTING MOTION TO DISMISS

Before the Court is Plaintiffs Plaintiffs Dream Investment Group, LLC and Edwin Novel’s (“Plaintiffs”) Motion for Remand (Dkt. No. 10) and Defendant Wells Fargo, National Association’s (“Defendant”) Motion to Dismiss (Dkt. No. 11). Oppositions and replies were filed as to both Motions. The Court will resolve the Motions without oral argument and therefore VACATES the hearing set for December 11, 2020. See Fed. R. Civ. P. 78, Local Rule 7-15. The Motion for Remand is DENIED and the Motion to Dismiss is GRANTED. I. BACKGROUND Plaintiffs’ Complaint, filed in state court, purports to assert the following four claims: “ 1. Promissory Fraud 2. Violations of Business & Professional Code § 17200 3. Breach of Good Faith and Fair Dealings 4. Declaratory Relief.” See Compl. (Dkt. No 1-1), p. 1. Defendant removed the action based on diversity jurisdiction.

CV-90 (12/02) CIVIL MINUTES — GENERAL Initials of Deputy Clerk CB

Plaintiffs now move to remand the action on the ground that Defendant has not established that the amount in controversy is satisfied. Defendant moves to dismiss under Fed. R. Civ. P. 12(b)(6) for failure to state a claim.

II. DISCUSSION

A. Plaintiffs’ Motion for Remand is DENIED.

The Court first addresses the Motion for Remand, as it raises the threshold question of jurisdiction.

1. Legal Standard

A defendant may remove a civil action filed in state court to federal district court when the federal court has original jurisdiction over the action. 28 U.S.C. § 1441(a). “The burden of establishing jurisdiction falls on the party invoking the removal statute, which is strictly construed against removal.” Sullivan v. First Affiliated Sec., Inc., 813 F.2d 1368, 1371 (9th Cir. 1987) (internal citations omitted); see also Duncan v. Stuetzle, 76 F.3d 1480, 1485 (9th Cir. 1996). “The ‘strong presumption’ against removal jurisdiction means that the defendant always has the burden of establishing that removal is proper.” Gaus v. Miles, Inc., 980 F.2d 564, 566 (9th Cir. 1992). If any doubt exists as to the right of removal, federal jurisdiction must be rejected. Id. at 566–67; see also Hunter v. Philip Morris USA, 582 F.3d 1039, 1042 (9th Cir. 2009) (citing Id. at 566) (“[T]he court resolves all ambiguity in favor of remand to state court.”)

For an action based on diversity of citizenship, as here, the parties must be citizens of different states and the dispute must involve an amount in controversy over $75,000.00. 28 U.S.C. § 1332(a)(1).

2. The Amount in Controversy is Satisfied.

Plaintiffs do not deny that there is complete diversity of citizenship; they challenge only whether Defendant has established that the amount in controversy is satisfied. Simply stated, for the reasons Defendant sets forth in its opposition, the amount in controversy is satisfied.

Plaintiffs’ Complaint challenges Defendant’s right to sell Plaintiffs’ real property Promissory Note, and Defendant’s denial of a loan modification they allege they were seeking. See Compl. ¶¶ 3-5, 15-23. Plantiffs contend that Defendant may not sell the Note, that “the subject property is still his,” and “Plaintiffs desire a judicial determination of their status and the subject property’s current ownership.” Compl. ¶¶ 57-58.

“ ‘In actions seeking declaratory or injunctive relief, it is well established that the amount in controversy is measured by the value of the object of the litigation.’ ” Cohn v. Petsmart, Inc., 281 F.3d 837, 840 (9th Cir.2002) (per curiam) (quoting Hunt v. Wash. State Apple Adver. Comm’n, 432 U.S. 333, 347 (1977)); see also Garfinkle v. Wells Fargo Bank, 483 F.2d 1074, 1076 (9th Cir.1973) (treating entire value of real property as amount in controversy in action to enjoin foreclosure sale); Woodside v. Ciceroni, 93 F. 1, 4 (9th Cir.1899) (“In a suit to quiet title, or to remove a cloud therefrom, it is not the value of the defendant's claim which is the amount in controversy, but it is the whole of the real estate to which the claim extends.”). Here, the subject property is valued at over than $ 4 million, see Settles Decl. (Dkt. No. 18) Ex. 1, and Plaintiffs allege that the Note that they seek to block Defendant from selling is for $1.8 million. Comp. ¶¶ 15, 57. Accordingly, whether the object of the litigation is the Property or the Note, the amount in controversy is satisfied. Plaintiffs’ Motion for Remand is DENIED.

B. Defendant’s Motion to Dismiss for Failure to State a Claim is GRANTED.

Federal Rule of Civil Procedure (“Rule”) 8 requires a plaintiff to present a “short and plain statement of the claim showing that the pleader is entitled to relief.” Fed. R. Civ. P. 8(a)(2). Under Rule 12(b)(6), a defendant may move to dismiss a pleading for “failure to state a claim upon which relief can be granted.” Fed. R. Civ. P. 12(b)(6).

To defeat a Rule 12(b)(6) motion to dismiss, the complaint must provide enough factual detail to “give the defendant fair notice of what the . . . claim is and the grounds upon which it rests.” Bell Atl. Corp. v. Twombly, 550 U.S. 544, 555 (2007). The complaint must also be “plausible on its face,” that is, it “must contain sufficient factual matter, accepted as true, to ‘state a claim to relief that is plausible on its face.’” Ashcroft v. Iqbal, 556 U.S. 662, 678 (2009) (quoting Twombly, 550 U.S. at 570). A plaintiff’s “factual allegations must be enough to raise a right to relief above the speculative level.” Twombly, 550 U.S. at 555. “The plausibility standard is not akin to a ‘probability requirement,’ but it asks for more than a sheer possibility that a defendant has acted unlawfully.” Id.

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Related

Erickson v. Pardus
551 U.S. 89 (Supreme Court, 2007)
Bell Atlantic Corp. v. Twombly
550 U.S. 544 (Supreme Court, 2007)
Ashcroft v. Iqbal
556 U.S. 662 (Supreme Court, 2009)
Hunter v. Philip Morris USA
582 F.3d 1039 (Ninth Circuit, 2009)
Duncan v. Stuetzle
76 F.3d 1480 (Ninth Circuit, 1996)
Lee v. City of Los Angeles
250 F.3d 668 (Ninth Circuit, 2001)
Woodside v. Ciceroni
93 F. 1 (Ninth Circuit, 1899)
Sullivan v. First Affiliated Securities, Inc.
813 F.2d 1368 (Ninth Circuit, 1987)

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Dream Investment Group, LLC v. Wells Fargo, National Association, Counsel Stack Legal Research, https://law.counselstack.com/opinion/dream-investment-group-llc-v-wells-fargo-national-association-cacd-2020.