HBK Master Fund L.P. v. Maxlinear, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
11 HBK MASTER FUND L.P., et al., Case No.: 3:24-cv-01033-CAB-VET
Plaintiffs, ORDER GRANTING MOTION TO v. DISMISS WITH LEAVE TO AMEND
MAXLINEAR, INC., et al., [ECF No. 24] Defendants. 17 18 This lawsuit largely mirrors Case No. 23-CV-01607-CAB-VET (hereinafter, “Water 20 Island”) which involved Securities Exchange Act claims arising from the same facts and 21 circumstances as the present case. On August 28, 2024 the Court dismissed the Water 22 Island plaintiffs’ lawsuit against identical Defendants for want of statutory standing under 23 Fed. R. Civ. P. 12(b)(6). Plaintiffs’ Section 10(b) and Section 20(a) claims are dismissed 24 with leave to amend in light of the Ninth Circuit’s ruling in In re: CCIV / Lucid Motors 25 Sec. Litig., 110 F.4th 1181, 1187 (9th Cir. 2024) (hereinafter, “Lucid Motors”). The Court 26 dismisses Plaintiffs’ Section 18 claim with leave to amend for failure to state a claim. 27 I. PROCEDURAL BACKGROUND Plaintiffs initially…