IN RE ENOVIX CORPORATION SECURITIES LITIGATION
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MAURICE L. TWITCHELL, et al., Case No. 23-cv-00071-SI
Plaintiffs,
ORDER GRANTING IN PART AND
v. DENYING IN PART MOTION TO
DISMISS SAC
ENOVIX CORPORATION, et al., Re: Dkt. No. 105 Defendants.
12 Now before the Court is defendants’ motion to dismiss the Second Amended Class Action Complaint. Pursuant to Civil Local Rule 7-1(b), the Court found this matter appropriate for resolution without oral argument and vacated the hearing set for July 19, 2024. For the reasons set forth below, the Court GRANTS IN PART and DENIES IN PART the motion to dismiss. 17 BACKGROUND I. Factual Background This proposed securities fraud class action is brought against Enovix Corporation (“Enovix”); co-founder and former CEO Harrold Rust; Executive Chairman Thurman J. Rodgers; and other individual officers. The factual background of this lawsuit is described more fully in the Court’s Prior Order granting the…