Leventhal
Leventhal v. Chegg, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 STEVEN LEVENTHAL, Case No. 21-cv-09953-PCP
Plaintiff,
ORDER DENYING MOTION FOR
v. RECONSIDERATION AND DENYING
AS MOOT MOTION TO STRIKE
CHEGG, INC., et al., Re: Dkt. Nos. 155, 168 Defendants.
12 BACKGROUND In December 2021, lead plaintiffs Pompano Beach Police and Firefighters’ Retirement System and KBC Asset Management NV brought this securities fraud class action lawsuit against defendants Chegg, Inc., Chegg CEO Daniel Rosensweig, Chegg CFO Andrew Brown, and Chegg President of Learning Services Nathan Schultz. Defendants moved to dismiss the case, and the Court denied defendants’ motion on March 4, 2024. Dkt. No. 150. Defendants then moved for leave to file a motion for reconsideration, which the Court granted. Dkt. Nos. 155, 158. For the following reasons, the Court denies defendants’ motion for reconsideration.1 LEGAL STANDARDS “Whether or not to grant reconsideration is…