Securities Investor Protection Corp. v. City National Bank (In Re Sunpoint Securities, Inc.)

MEMORANDUM OF DECISION

BILL PARKER, Chief Judge.

Now before the Court in the above-referenced adversary proceeding is “Defendant City National Bank’s Motion for Partial Summary Judgment as to Plaintiffs’ RICO Claims” (the “Motion”) filed on October 25, 2005. Upon due consideration of the Motion, the response in opposition filed jointly by the Plaintiffs, Robert G. Richardson, Trustee for the liquidation of Sunpoint Securities, Inc. (the “Trustee”) and the Securities Investor Protection Corp. (“SIPC”) (collectively, the “Plaintiffs”), the reply of City National Bank, N.A. (“CNB”), and the…