Pearl

Pearl v. Flux Power Holdings, Inc.

Good Law
United States District Court, Southern District of CaliforniaFebruary 19, 20253:25-cv-00373California511 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT DISTRICT OF NEVADA Ronald Pearl, derivatively on behalf of Flux Case No.: 2:25-cv-00042-JAD-NJK Power Holdings, Inc., 4 Plaintiff 5 v. Order Granting Unopposed Motion to Ronald F. Dutt, Charles A. Scheiwe, Michael Transfer Venue, Vacating Hearing, and Johnson, Mark Leposky, Dale T. Robinette, Closing Case Lisa Walters-Hoffert, and Cheemin Bo-Linn, [ECF No. 17] Defendants 9 and Flux Power Holdings, Inc., 10 Nominal Defendant

Ronald Pearl brings this shareholder-derivative suit against officers and directors of Flux Power Holdings, Inc., for fiduciary breaches, unjust enrichment, aiding and abetting, and insider trading. The defendants move to transfer this action to the Southern District of California, where Flux conducts most of its operations and the majority of the individual defendants reside, and to which a related suit that originated in this district was recently transferred. The motion is unopposed and the deadline to respond to it has passed. 28 U.S.C. § 1406(a)…

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