In re Meta Platforms, Inc., Securities Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 OHIO PUBLIC EMPLOYEES Case No. 21-cv-08812-AMO

RETIREMENT SYSTEM,

8 Plaintiff, ORDER GRANTING IN PART AND DENYING IN PART v. MOTION TO DISMISS 10 META PLATFORMS, INC., et al., Re: Dkt. No. 110 11 Defendants.

12 This securities case is about Meta and its senior executives’ alleged misstatements about harms that flow from its various social media platforms. Defendant’s motion to dismiss was heard before this Court on August 17, 2023. Having read the papers filed by the parties and carefully considered their arguments therein and those made at the hearing, as well as the relevant legal authority, the Court hereby GRANTS IN PART and DENIES IN PART the motion to dismiss, for the following reasons. BACKGROUND1 Lead Plaintiffs Ohio Public Employees Retirement System and PFA Pension Forsikringsaktieselskab’s (collectively, “Plaintiffs”) bring this Private Securities Litigation Reform Act…