Cullen

Cullen v. Ryvyl Inc.

Good Law
United States District Court, Southern District of CaliforniaOctober 21, 20243:23-cv-00185California11,478 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

7 MARK CULLEN, Individually and on Case No. 3:23-cv-0185-GPC-SBC 8 behalf of all others similarly situated, ORDER GRANTING IN PART AND Plaintiff,

DENYING IN PART MOTION TO

v. DISMISS SECOND AMENDED RYVYL INC. F/K/A GREENBOX POS, COMPLAINT; ORDER GRANTING

BEN ERREZ, FREDI NISAN, AND IN PART AND DENYING IN PART

BENJAMIN CHUNG, DEFENDANTS’ REQUEST FOR Defendants. JUDICIAL NOTICE

[ECF Nos. 85, 85-6] 15 Introduction Before the Court is Defendants’ motion to dismiss Plaintiffs’ class action securities fraud second amended complaint (“SAC”) against RYVYL, Inc. (“Ryvyl”) and three of its present and former officers: Ben Errez, Fredi Nisan, and Benjamin Chung. The purported class includes those “who purchased or otherwise acquired the Company’s securities between May 13, 2021 and January 20, 2023, inclusive (“Class Period”). SAC ¶ 1. After a…

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