Magistrate Dismisses Claims That Bank Pocketed $40,000 As Insufficiently Pleaded

Mealey's (March 3, 2021, 1:41 PM EST) -- SAN FRANCISCO — A California federal magistrate judge on Feb. 18 dismissed with leave to amend state law claims of a man and his parents against several Citigroup affiliates for allegedly cashing a $40,000 check from the son but not crediting it to the parents’ home equity credit line and not returning the funds, finding that the family’s claims, including for breach of contract and violating California unfair competition law (UCL), were insufficiently pleaded....