Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-05609/USCOURTS-cand-4_14-cv-05609-2/pdf.json

Nature of Suit Code: 370
Nature of Suit: Other Fraud
Cause of Action: 28:1332 Diversity-Fraud

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United States District Court 

Northern District of Californi

a

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

CONTINENTAL ADVISORS S.A., ET AL.,

Plaintiffs, 

v. 

GSV ASSET MANAGEMENT, LLC, ET AL., 

Defendants. 

Case No. 14-cv-05609-YGR 

ORDER TO SHOW CAUSE RE: DISMISSAL 

FOR LACK OF DIVERSITY JURISDICTION

TO PLAINTIFFS CONTINENTAL ADVISORS S.A. AND PRECEDO CAPITAL 

GROUP LLC AND THEIR COUNSEL OF RECORD: 

YOU ARE HEREBY ORDERED TO SHOW CAUSE in writing by no later than October 

15, 2015, as to why this action should not be dismissed for lack of jurisdiction. 

“It is incumbent upon the plaintiff properly to allege the jurisdictional facts, according to 

the nature of the case.” McNutt v. Gen. Motors Acceptance Corp. of Indiana, 298 U.S. 178, 182 

(1936). For proper diversity jurisdiction under 28 U.S.C. § 1332(a), there must be “complete 

diversity,” i.e., “the citizenship of each plaintiff [must be] diverse from the citizenship of each 

defendant.” Caterpillar Inc. v. Lewis, 519 U.S. 61, 68 (1996). Here, plaintiff generally alleges 

“the parties [are] completely diverse,” and claims diversity jurisdiction is proper under 28 U.S.C. 

§ 1332(a), but the operative complaint lacks the requisite allegations as to the citizenship of each 

member of plaintiff Precedo Capital Group LLC and defendant GSV Asset Management, LLC. 

See Johnson v. Columbia Properties Anchorage, LP, 437 F.3d 894, 899 (9th Cir. 2006) (holding 

diversity jurisdiction depends on the citizenship of all members of partnerships or limited liability 

corporations) (emphasis added). 

IT IS SO ORDERED. 

Dated: October 9, 2015 

______________________________________ 

 YVONNE GONZALEZ ROGERS

 UNITED STATES DISTRICT COURT JUDGE

Case 4:14-cv-05609-YGR Document 64 Filed 10/09/15 Page 1 of 1