Pershing LLC v. Kiebach

ORDER AND REASONS

LANCE M. AFRICK, District Judge.

Before the Court is a motion1 filed by defendants to dismiss the above-captioned matter pursuant to Rule 12(b)(1) of the Federal Rules of Civil Procedure for lack of subject matter jurisdiction. Plaintiff, Pershing LLC (“Pershing”), opposes2 the motion. For the following reasons, the motion is DENIED.

BACKGROUND

Pershing is a limited-liability company that provides financial services to brokerage firms.3 Defendants each entered into *570a “Client and Margin Agreement” with Pershing, which made Pershing “the carrier of the accounts of [defendants] as…