Meier

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA 10 MARK MEIER, et al., Case No. 1:24-cv-01192-KES-SKO ORDER DISMISSING ACTION FOR LACK Plaintiffs, OF SUBJECT MATTER JURISDICTION 13 v. Doc. 1 LARRY E. DAVIS, et al., 15 Defendants. 17 Plaintiffs’ complaint filed October 3, 2024, asserts shareholder derivative claims, including for breach of fiduciary duties, “gross mismanagement,” “waste of corporate assets,” breach of the duty of honest services, conspiracy, and conversion against various defendants. Doc. 2 (“Compl.”). Plaintiffs assert their claims individually and on behalf of a class consisting of “all . . . similarly situated shareholders within the State of California.” Compl. ¶ 2. On December 12, 2024, defendant Air-O-Fan Products Corp. (“Air-O-Fan”) filed a consolidated motion to dismiss for failure to state a claim, motion for a more definite statement, and motion to strike, and, separately, a motion for bond pursuant to California Corporations Code 26 …