Northstar Financial Advisors, Inc. v. Schwab Investments
District Court, N.D. California
1Opinion of the Court
ORDER GRANTING DEFENDANTS’ MOTION TO DISMISS
LUCY H. KOH, District Judge.
The Court heard oral argument on defendants’ Motion to Dismiss the Third Amended Complaint (Third MTD) in this matter on August 4, 2011. For the reasons set forth below, the Motion is GRANTED.
I. Introduction and Procedural History
On August 28, 2008, Plaintiff Northstar Financial Advisors, Inc. (Northstar) filed its first complaint in this class action lawsuit on behalf of all persons who owned shares of the Schwab Total Bond Market Fund (the Fund) at any time from August 31, 2007 to the present. Compl. (Dkt. No. 1) ¶ 1.…
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