The Second Appellate District affirmed a judgment. The court held that a financial institution did not violate the Unruh Civil Rights Act in refusing an investment from a convicted felon.
Convicted felon Ronald Semler, in his capacity as trustee of a family trust, was invited to invest in a limited liability company ARI Overland Management, LLC (AOM). There were 10.58 “membership units” available for investment in AOM at a cost of $50,000 per unit. Semler intended to purchase five units, paying $250,000.
