Fong v. U.S. Bancorp

CourtDistrict Court, E.D. California
DecidedAugust 17, 2023
Docket2:22-cv-01291
StatusUnknown

This text of Fong v. U.S. Bancorp (Fong v. U.S. Bancorp) is published on Counsel Stack Legal Research, covering District Court, E.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Fong v. U.S. Bancorp, (E.D. Cal. 2023).

Opinion

1 2 3 4 5 6 7 8 UNITED STATES DISTRICT COURT 9 EASTERN DISTRICT OF CALIFORNIA 10 11 PETER FONG, et al., No. 2:22-cv-01291-MCE-KJN 12 Plaintiffs, 13 v. MEMORANDUM AND ORDER 14 U.S. BANCORP, et al., 15 Defendants. 16 By way of this action, Plaintiffs Peter Fong and Sut Fong (collectively, “Plaintiffs”), 17 on behalf of themselves and others similarly situated, seek to recover for injuries 18 sustained when valuables they stored in a safe deposit box with Defendants U.S. 19 Bancorp (“USB”) and U.S. Bank National Association (“USBNA”) (collectively, 20 “Defendants”)1 were discovered missing. Presently before the Court is Defendants’ 21 Motion to Compel Arbitration and Dismiss, or Alternatively, Stay Proceedings (ECF No. 22 10). For the following reasons, that Motion is GRANTED.2 23

26 1 USBNA is a wholly owned subsidiary of USB.

27 2 Because oral argument would not have been of material assistance, the Court declined to set a hearing date and decides this matter on the briefs. E.D. Local Rule 230(g). 28 1 BACKGROUND3 2 3 Defendants have offered California customers the use of “safe deposit boxes” 4 throughout the state for years. The boxes are, as the name implies, intended to provide 5 a safe place for customers to store or deposit valuables. These boxes are kept in 6 Defendants’ vaults, and two sets of keys—one set kept by Defendants and one set kept 7 by the customer—are required to open the boxes. In theory, Defendants cannot open a 8 box without a customer, and a stolen key cannot be used because Defendants identify 9 key holders prior to allowing them access to the boxes. 10 Plaintiffs are brothers and first-generation U.S. citizens. Their ancestors 11 immigrated to the United States, and California in particular, toward the beginning of the 12 last century. They worked on the railroads and the Golden Gate Bridge before Plaintiffs’ 13 grandparents moved into restaurant work. Eventually they started their own restaurant 14 business, which, through their hard work and grit, enjoyed some success. Plaintiffs’ 15 grandparents did not know how to invest in stocks or other securities, however. Instead, 16 they bought jewelry and other tangible valuables as a way to save and invest their 17 money. 18 The jewelry and other items Plaintiffs acquired over time were extremely valuable. 19 Plaintiffs’ grandparents taught them to be prudent and to safeguard these investments. 20 They also told Plaintiffs to always keep cash in a safe deposit box in case of an 21 emergency. Accordingly, to safeguard their family treasures, in 2000, Plaintiffs paid for a 22 safe deposit box at one of Defendants’ branches in Sacramento. 23 Plaintiffs dutifully paid the fees required to maintain the safe deposit box for over 24 twenty years, and they maintained several items of substantial monetary and sentimental 25 value in the safe deposit box including, among other things: 26 a. $85,000 in $100 bills issued in the 1980s and 1990s in excellent condition 27 3 Unless otherwise indicated, the following facts are taken, primarily verbatim, from Plaintiffs’ 28 Complaint. ECF No. 1. 1 b. $1,500 in $50 bills 2 c. $600 in $20 bills 3 d. A pouch of 14 individually wrapped American Eagle Gold Bullion Coins 4 e. Two $1,000 dollar bills from 1928 in excellent condition 5 f. Two very rare $500 dollar bills from 1928 in excellent 6 condition 7 g. Five $20 gold certificates from 1922 in excellent condition 8 h. Four 10oz Gold Bars 9 i. One satchel containing 45 pieces of natural, excellent cut investment diamonds 10 j. Natural pearl necklace 11 k. 18K gold engraved ring with large natural jade stone 12 l. 14K gold diamond studded ring with 1.5K round diamond 13 m. Four natural green translucent jade bangle bracelets 14 n. 24K thick yellow gold bangle bracelet with natural jade stone 15 o. Four 24K thick yellow gold necklaces (2oz) 16 p. Four 24K thick yellow gold pendants (4oz) 17 q. Two 24K gold bracelets 18 r. 24K gold bracelet with dragon carvings 19 s. Pair of gold earrings with gold pendant 20 t. Pair of gold earrings with jade pendant 21 u. Two Chinese Fu Natural Jade Necklaces with 24K gold 22 chain 23 v. Three 24K solid yellow gold necklaces 24 w. Men’s Gold Rolex Watch 25 x. Women’s Gold Rolex Watch 26 According to Plaintiffs, in 2013, an employee of Defendants had trouble with the 27 bank’s “guard key,” taking several tries to get the key to successfully turn in the lock of 28 Plaintiffs’ safe deposit box. Pls.’ Opp’n, ECF No. 15 at 2. Defendants subsequently 1 called Plaintiffs to advise them that the guard key for their existing box was damaged 2 and that they needed to move the box to a new location. Id. In November of that year, 3 Plaintiffs returned to the bank, relocated the box, and were provided a new set of keys. 4 Id. According to Christina Anderson, a Business Banking Relationship Manager for 5 Defendants who previously served from 2011 through 2014 as a Personal Banker, there 6 was indeed a mechanical issue with Plaintiffs’ original box, box number 3450, and, as 7 Plaintiffs indicate, they were reassigned box number 20038 in 2013. Supp. Anderson 8 Decl., ECF No. 22, ¶ 2. 9 As a Personal Banker, Ms. Anderson was tasked in 2013 with, among other 10 things, opening safe deposit boxes for customers, and she explains the procedures 11 Defendants required at the time and that she purportedly followed. Anderson Decl., ECF 12 No. 10-1, ¶ 2. More specifically, according to Ms. Anderson, Defendants “provided 13 Personal Bankers with an Operating Procedures Manual (‘Procedures Manual’) that 14 provide[d] detailed instructions to follow when opening customer accounts, loans, credit 15 cards, and safe deposit boxes.” Id., ¶ 3. Ms. Anderson avers that she “was given a 16 copy of the Procedures Manual when [she] started working [for Defendants], and 17 amended versions, as necessary.” Id. “The Procedures Manual always included a 18 section titled ‘Safe Deposit Box Opening Instructions.’” Id., ¶ 3, Ex. A. 19 Because it was not particularly common for customers to request to open a safe 20 deposit box, whenever Ms. Anderson assisted in the process, she purportedly 21 referenced the foregoing instructions and always followed specific steps: (a) establish 22 how many individuals required access to the safe deposit box; (b) open the account in 23 USBNA’s computerized database system; (c) ask the customer the preferred safety 24 deposit box size; (d) obtain two keys and ensure the functionality of both; (e) confirm the 25 physical box number corresponded to the number input into the computer system; (f) 26 print and provide documents to the customers, including the Consumer Safe Deposit 27 Box Contract (“Contract”), Your Deposit Account Agreement, Consumer Privacy Pledge, 28 and Consumer Pricing Information; (g) witness the customer sign the Contract and then 1 sign it on behalf of Defendants; (h) process the customer’s payment and give the 2 customer the safe deposit box keys; and (i) file the executed Contract. Id., ¶ 4. Having 3 reviewed the Contract signed by Plaintiffs in 2013, Ms. Anderson avers that she assisted 4 them in establishing the safe deposit box at issue here, that she always followed the 5 process set forth in Defendants’ instructions, and that she therefore adhered to those 6 instructions in opening the safe deposit box for Plaintiffs. Id., ¶ 5.4 7 Both Plaintiffs and Ms. Anderson did indeed sign the Contract in 2013. At the top 8 of the form, the Contract title is listed in bold. Also at the top of the page, above the 9 sections for Plaintiffs’ information and the parties’ signatures, the Contract states: 10 The undersigned Renter(s) hereby rent the safe deposit box described in this agreement. Renter(s) agrees to the terms of 11 the “Safe Deposit Lease Agreement”, as amended from time to time (the “Rules”), including the payment of rental fees in 12 advance. Rental fees are paid annually and subject to change.

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Bluebook (online)
Fong v. U.S. Bancorp, Counsel Stack Legal Research, https://law.counselstack.com/opinion/fong-v-us-bancorp-caed-2023.