UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 9 FADEL SAKKAL, et al., Case No. 20-cv-05959-RS Plaintiffs, 11 v. ORDER GRANTING MOTION TO DISMISS ANAPLAN INC., et al., 13 Defendants.
I. INTRODUCTION This federal securities class action arises out of allegedly false and misleading statements made by Anaplan Inc. (“Anaplan”), its CEO Frank Calderoni, and its CFO David Morton to investors in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. Though the complaint certainly describes a toxic and abrasive work environment, it does not plead securities fraud. The motion is accordingly granted with leave to amend. The requests for incorporation by reference and judicial notice are granted in part and denied in part. II. BACKGROUND1 A. The Company Anaplan is a software-as-a-service company providing planning and decision-making software to companies.…