Dichter-Mad Family Partners, LLP v. United States
District Court, C.D. California
1Opinion of the Court
ORDER GRANTING DEFENDANTS’ MOTIONS TO DISMISS FOR LACK OF JURISDICTION [6, 7]
STEPHEN V. WILSON, District Judge.
I. INTRODUCTION
A. BACKGROUND
Plaintiffs were investors in Bernard Ma-doffs Ponzi scheme. 1 Plaintiffs are bringing a Federal Tort Claims Act (“FTCA”) action against the Securities and Exchange Commission (“SEC”) and the United States (“Government” or “Defendant”). Plaintiffs assert that the SEC “owes a duty of reasonable due care to all members of the general public including all investors in U.S. financial markets who are foresee-ably endangered by its conduct.” (Compl. ¶ 168.)…
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