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AZURE LIMITED v. I-FLOW CORP.

No. G038167.

163 Cal.App.4th 303 (2008)

AZURE LIMITED, Plaintiff and Appellant, v. I-FLOW CORPORATION, Defendant and Respondent.

Court of Appeals of California, Fourth District, Division Three.

May 27, 2008.

Attorney(s) appearing for the Case

Shapiro, Rodarte & Freedman, Carl W. Shapiro, Leora D. Freedman and Thomas W. Foote for Plaintiff and Appellant.

Gibson, Dunn & Crutcher, Jeffrey H. Reeves, J. Scot Kennedy and John N. Carter for Defendant and Respondent.

OPINION

IKOLA, J.

Plaintiff Azure Limited owned nearly 19,000 shares of defendant I-Flow Corporation's stock. Plaintiff alleged defendant wrongly transferred the shares to the State of California as escheated property without notice. The court granted judgment on the pleadings, finding the Unclaimed Property Law (UPL) (Code Civ. Proc., § 1500 et seq.)1 immunized defendant from any such liability.

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