Yuval Olivier Minkowski v. BMO Bank N.A.

CourtDistrict Court, N.D. California
DecidedMarch 18, 2026
Docket5:25-cv-06119
StatusUnknown

This text of Yuval Olivier Minkowski v. BMO Bank N.A. (Yuval Olivier Minkowski v. BMO Bank N.A.) is published on Counsel Stack Legal Research, covering District Court, N.D. California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Yuval Olivier Minkowski v. BMO Bank N.A., (N.D. Cal. 2026).

Opinion

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 YUVAL OLIVIER MINKOWSKI, Case No. 25-cv-06119-NW

8 Plaintiff, ORDER GRANTING IN PART AND 9 v. DENYING IN PART DEFENDANT’S MOTION TO DISMISS 10 BMO BANK N.A., Re: ECF No. 21 Defendant. 11

12 13 Before the Court is Defendant BMO Bank N.A.’s (“BMO”) motion to dismiss Plaintiff 14 Yuval Olivier Minkowski’s first amended complaint (“FAC”). ECF No. 15. Plaintiff’s suit 15 alleges that BMO allowed Ms. Minkowski, Plaintiff’s ex-wife, to withdraw $400,000 from the 16 couple’s joint home equity line of credit even after the bank had repeatedly assured Plaintiff (1) 17 that the account was frozen, (2) that the account could not be reinstated without both co- 18 borrowers’ signatures, and (3) that Plaintiff would receive written notice before Ms. Minkowski 19 gained access. For the reasons stated below, the Court GRANTS IN PART AND DENIES IN 20 PART Defendant’s motion. 21 I. BACKGROUND 22 A. Factual Background 23 On June 20, 2014, Plaintiff and his then-wife Julia Minkowski established a home equity 24 line of credit (“HELOC”) with Bank of the West.1 The HELOC agreement named Plaintiff and 25 Ms. Minkowski as co-borrowers. In 2019, the couple began divorce proceedings. As part of the 26 separation process, Plaintiff sought, and on June 2, 2022 received from the Santa Clara County 27 1 Superior Court, a restraining order (the “Restraining Order”) against Ms. Minkowski. Among 2 other things, the Restraining Order barred Ms. Minkowski (and Plaintiff) from “transfer[ing], 3 borrow[ing] against, sell[ing], hid[ing], or get[ting] rid of or destroy[ing] any property . . . except 4 in the usual course of business or for necessities of life.” Id. at 6. Restraining Order at 6, ECF 5 No. 15-3. Plaintiff visited a Bank of the West branch in “late 2022” and presented the Restraining 6 Order to an unnamed Mortgage Specialist. FAC ¶ 13. According to Plaintiff, the Mortgage 7 Specialist assured him (1) that the HELOC was frozen and would remain frozen, (2) that both co- 8 borrowers’ signatures were required to reinstate, and (3) that Plaintiff would receive written notice 9 before any access was granted. Though Plaintiff requested written confirmation of these 10 assurances, none were provided. According to Plaintiff, he relied on the Mortgage Specialist’s 11 statement that nothing else could be done to prevent Ms. Minkowski’s access to the HELOC, and 12 Plaintiff took no further action. 13 Two years later, on February 20, 2024, Plaintiff received notice from his divorce attorney 14 that Ms. Minkowski intended to draw on the HELOC. That same day, Plaintiff called BMO’s 15 credit support line, warned BMO of Ms. Minkowski’s intent, and requested that BMO maintain all 16 previously promised protections. According to Plaintiff, the unnamed Credit Agent with whom he 17 spoke reaffirmed that all protections were in place, namely that: the HELOC was frozen, it could 18 not be reinstated without both co-borrowers’ signatures, and that BMO would inform Plaintiff in 19 writing before any access was granted. The Credit Agent stated no additional steps were 20 necessary to prevent access. 21 On February 27, 2024, Ms. Minkowski visited a branch of BMO and asked the bank to 22 reinstate the account. The bank informed Ms. Minkowski that the account was frozen and could 23 not be unfrozen without Plaintiff’s written approval. Ms. Minkowski left the bank, but returned 24 shortly thereafter with handwritten instructions dated February 23, 2024, authorizing actions “to 25 advance HELOC credit line funds.” ECF No. 15-4. The document included two signatures, one 26 that clearly belongs to Ms. Minkowski and another that is unintelligible. 27 After reviewing Ms. Minkowski’s signed document, BMO issued a letter addressed jointly 1 BMO explained that it had

2 previously notified [Plaintiff and Ms. Minkowski] that, pursuant to the terms of your [HELOC] Agreement . . ., we were exercising our 3 right to suspend your Line of Credit . . . . We are writing to let you know we have received your written request for reinstatement of your 4 [HELOC]. We . . . . have approved your request to reinstate your Line of Credit in the amount of $500,000.00. 5 ECF No. 15-5. On April 1, 2024, Ms. Minkowski withdrew $400,000 from the HELOC into a 6 personal account with BMO, after which she transferred the funds to an account at a different 7 institution. Plaintiff claims that he never received BMO’s March 1, 2024 letter. 8 Plaintiff learned of Ms. Minkowski’s transfer on June 10, 2024, when reviewing his bank 9 account statements. As soon as Plaintiff discovered the transfer, he contacted BMO’s fraud 10 department, objected to the advance and transfer, and initiated an investigation. At Plaintiff’s 11 request, a state court judge issued an order requiring Ms. Minkowski to return the $400,000 plus 12 associated costs to the HELOC, but Ms. Minkowski has not done so as of the date Plaintiff filed 13 the complaint in this action. 14 Though the bank investigated the circumstances of the withdrawal at Plaintiff’s request, 15 BMO determined no fraud had occurred and the reinstatement of the HELOC was in accordance 16 the bank’s policies and procedures. 17 Plaintiff has since closed the HELOC. To do so, he was required to pay the $400,000 that 18 Ms. Minkowski withdrew plus associated interest fees and costs, amounting to $490,840.07 total. 19 B. Procedural Posture 20 Plaintiff filed this action on July 21, 2025, and amended his complaint on September 16, 21 2025. See ECF Nos. 1, 15. The FAC alleges the following seven causes of action against BMO: 22 (1) breach of contract; (2) breach of the implied covenant of good faith and fair dealing; (3) 23 negligence; (4) violation of Cal. Comm. Code § 11101 et seq.; (5) promissory estoppel; (6) 24 violation of Cal. Bus. & Prof. Code § 17200 et seq. (“UCL”); and (7) fraud. BMO timely moved 25 to dismiss all seven claims. ECF No. 21. 26 27 1 II. LEGAL STANDARD 2 A. Rule 12(b)(6) 3 A motion to dismiss under Federal Rule of Civil Procedure 12(b)(6) “tests the legal 4 sufficiency of a claim. A claim may be dismissed only if it appears beyond doubt that the plaintiff 5 can prove no set of facts in support of his claim which would entitle him to relief.” Cook v. 6 Brewer, 637 F.3d 1002, 1004 (9th Cir. 2011) (citation and quotation marks omitted). When 7 analyzing a complaint under Rule 12(b)(6), the well-pled factual allegations are taken as true and 8 construed in the light most favorable to the nonmoving party. Cousins v. Lockyer, 568 F.3d 1063, 9 1067 (9th Cir. 2009). Legal conclusions couched as factual allegations are not entitled to the 10 assumption of truth. Ashcroft v. Iqbal, 556 U.S. 662, 680 (2009). Conclusory legal allegations are 11 similarly insufficient to defeat a motion to dismiss for failure to state a claim. In re Cutera Sec. 12 Litig., 610 F.3d 1103, 1108 (9th Cir. 2010). 13 If a Rule 12(b)(6) motion is granted, the “court should grant leave to amend even if no 14 request to amend the pleading was made, unless it determines that the pleading could not possibly 15 be cured by the allegation of other facts.” Lopez v. Smith, 203 F.3d 1122, 1127 (9th Cir. 2000) (en 16 banc) (citations and quotations omitted).

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Yuval Olivier Minkowski v. BMO Bank N.A., Counsel Stack Legal Research, https://law.counselstack.com/opinion/yuval-olivier-minkowski-v-bmo-bank-na-cand-2026.