Nima Ghadimi v. Arizona Bank & Trust, et al.

CourtDistrict Court, D. Arizona
DecidedOctober 15, 2025
Docket2:25-cv-03106
StatusUnknown

This text of Nima Ghadimi v. Arizona Bank & Trust, et al. (Nima Ghadimi v. Arizona Bank & Trust, et al.) is published on Counsel Stack Legal Research, covering District Court, D. Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Nima Ghadimi v. Arizona Bank & Trust, et al., (D. Ariz. 2025).

Opinion

1 WO 2 3 4 5 6 IN THE UNITED STATES DISTRICT COURT 7 FOR THE DISTRICT OF ARIZONA 8 9 Nima Ghadimi, No. CV-25-03106-PHX-KML 10 Plaintiff, ORDER 11 v. 12 Arizona Bank & Trust, et al., 13 Defendants. 14 15 Plaintiff Nima Ghadimi believes defendants Arizona Bank & Trust (“AZBT”), 16 Cadles Capital of West Virginia, LLC, and James E. Cross engaged in “a coordinated 17 scheme” to destroy Ghadimi’s healthcare businesses. (Doc. 12 at 1.) Ghadimi’s complaint 18 alleges a variety of state and federal claims against all three defendants. Ghadimi seeks 19 emergency injunctive relief to prevent AZBT and Cadles from receiving funds from a 20 foreclosure sale of real property he owns in California. The request for injunctive relief is 21 denied, Ghadimi’s request to correct an alleged clerical error is granted, and Ghadimi is 22 warned that he is expected to comply with the same rules and procedures as all other 23 litigants. 24 I. Factual Background 25 Accepting the very limited facts Ghadimi has supplied as accurate, before 2022 he 26 owned 100% of three healthcare companies. Those companies “incurred business debts to 27 AZBT totaling approximately $5 million.” (Doc. 3 at 2.) Sometime in 2022, “AZBT sold 28 these business loans to [Cadles].” (Doc. 3 at 2.) Ghadimi stresses that in purchasing the 1 loans Cadles did not “acquire any personal guarantees” from Ghadimi. (Doc. 3 at 2.) 2 Despite lacking personal guarantees, in 2022 Cadles sued Ghadimi in state court seeking 3 to recover on the loans. (Doc. 3 at 2.) Also in 2022, unauthorized bankruptcy petitions were 4 filed on behalf of the healthcare companies and defendant James E. Cross was appointed 5 as the bankruptcy trustee. (Doc. 12 at 7.) The bankruptcy proceedings eventually led to an 6 appeal that is currently pending before a different judge. See No. CV-24-1992-PHX-GMS. 7 Ghadimi’s potentially-overlapping litigation is very difficult to follow, and it is 8 possible the present suit is an impermissible collateral attack on other proceedings or barred 9 by res judicata. But solely for purposes of resolving the request for injunctive relief and 10 addressing other preliminary matters, the court assumes the court has jurisdiction to hear 11 the claims Ghadimi wishes to pursue in this suit. 12 The crucial facts for resolving Ghadimi’s request for injunctive relief involve 13 property he owns in California. According to Ghadimi, that property is “valued at $7-10 14 million” and is scheduled to be sold at a foreclosure sale on October 29, 2025. (Doc. 2 at 15 2.) “Chase Bank holds the senior deed of trust [on that property] for approximately $3.5 16 million, which will be satisfied from the sale proceeds.” (Doc. 3 at 2.) “[A]pproximately 17 $3.5 million to $6.5 million will remain after Chase Bank is paid.” (Doc. 3 at 2.) Ghadimi 18 believes AZBT and Cadles claim they are entitled to those surplus funds from the property 19 sale to satisfy the business loans issued to his healthcare businesses. 20 II. Procedural Background 21 At approximately 11:30 a.m. on August 27, 2025, Ghadimi filed his complaint and 22 an emergency motion for temporary restraining order. The motion sought to prevent 23 defendants AZBT and Cadles “from claiming, receiving, or interfering with any surplus 24 proceeds from the foreclosure sale” of Ghadimi’s property in California. (Doc. 2 at 1.) 25 Ghadimi indicated he was not attempting to challenge “Chase Bank’s foreclosure” nor was 26 he “seek[ing] to delay the sale.” (Doc. 2 at 9.) 27 Ghadimi’s motion for emergency relief claimed the sale was scheduled for 10:00 28 a.m. on August 27, 2025, i.e. approximately 90 minutes before Ghadimi filed his complaint 1 and motion. The court immediately ordered Ghadimi to clarify whether his request for 2 injunctive relief was moot and whether his claims in this suit should be heard in the related 3 bankruptcy appeal. (Doc. 7.) Ghadimi responded the foreclosure sale had been rescheduled 4 for October 29 so his request for injunctive relief was not moot. (Doc. 10 at 2.) Ghadimi 5 also argued the claims in this suit were “distinct from the bankruptcy appeal.” (Doc. 10 at 6 2.) 7 Before the court took additional action, Ghadimi filed another complaint using the 8 pro se form. (Doc. 11.) That form complaint referenced a “separately filed Formal Verified 9 Complaint” that allegedly was “filed contemporaneously herewith.” (Doc. 11 at 4.) No 10 such complaint was filed at the same time as the form, but the following day Ghadimi filed 11 what he identified as a “Corrected Complaint.” (Doc. 12 at 1.) The corrections were to 12 change the names of the defendants. (Doc. 12 at 1.) The court then issued an order stating 13 Ghadimi’s response regarding the rescheduling of the foreclosure sale and the differences 14 between this suit and his bankruptcy appeal meant the court would “retain jurisdiction over 15 this matter” and converted the motion for temporary restraining order to a motion for 16 preliminary injunction. (Doc. 13 at 2.) Defendants were ordered to respond to the motion 17 for preliminary injunction no later than October 15, and Ghadimi’s reply was due October 18 20. The court set oral argument for October 27. (Doc. 13 at 3.) 19 On September 11, 2025, Ghadimi filed another copy of the pro se complaint form. 20 (Doc. 17.) That document included Ghadimi’s and defendants’ contact information but did 21 not include any substantive allegations. (Doc. 17.) It was docketed as the “Second 22 Amended Complaint.” (Doc. 17.) On September 23, Ghadimi filed a “Motion to Correct 23 Clerical Error in Docket Entry.” (Doc. 23.) That motion argues the document filed on 24 September 11 was not intended to be an amended complaint but was filed to satisfy “an 25 administrative requirement when submitting summons forms in person.” (Doc. 23 at 2.) 26 Ghadimi argued the operative complaint should remain Doc. 12, but even that document 27 should not be treated as a formal amended complaint because it “made only name 28 corrections.” (Doc. 23 at 5.) This type of minor change, according to Ghadimi, does not 1 qualify as an “amendment.” 2 On October 1, 2025, counsel for AZBT contacted Ghadimi to discuss a motion to 3 dismiss that AZBT expected to file. AZBT explained to Ghadimi that it planned to argue 4 some of his claims were barred by the applicable statutes of limitations. Ghadimi disagreed 5 and on October 3, 2025, filed a motion to amend his complaint to include additional 6 allegations regarding timeliness to foreclose possible statute-of-limitations arguments. 7 (Doc. 26.) Later that day AZBT filed its motion to dismiss. (Doc. 27.) Neither the motion 8 to amend nor the motion to dismiss are fully briefed. (Doc. 23 at 5–6.) 9 III. Motion for Preliminary Injunction 10 The motion for preliminary injunction is not yet briefed but there is no need to await 11 a response because Ghadimi has not established a sufficient likelihood he will suffer 12 irreparable injury. The motion is denied. 13 A court must analyze a request for a preliminary injunction under two slightly- 14 different tests. The first test requires the court evaluate if there is a likelihood of success 15 on the merits, if there is a likelihood of irreparable harm, whether the balance of equities 16 tips in plaintiff’s favor, and whether an injunction would be in the public interest. Winter 17 v. Natural Resources Defense, Inc., 555 U.S. 7, 20 (2009). The second test requires a court 18 evaluate if “serious questions going to the merits were raised and the balance of hardships 19 tips sharply in the plaintiff’s favor.” All. for the Wild Rockies v. Cottrell, 632 F.3d 1127, 20 1134–35 (9th Cir. 2011).

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Bluebook (online)
Nima Ghadimi v. Arizona Bank & Trust, et al., Counsel Stack Legal Research, https://law.counselstack.com/opinion/nima-ghadimi-v-arizona-bank-trust-et-al-azd-2025.