Adamo

Adamo v. Nextdoor Holdings, Inc.

Good Law
United States District Court, Northern District of CaliforniaMay 19, 20255:24-cv-01213California5,854 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 7 KEITH HOLLINGSWORTH, Case No. 5:24-cv-01213-EJD

Plaintiff, ORDER GRANTING MOTIONS TO

DISMISS

v.

NEXTDOOR HOLDINGS, INC., et al., Re: Dkt. Nos. 71, 73 Defendants.

Lead Plaintiff, Keith Hollingsworth (“Plaintiff”), brings this securities fraud class action under §§ 10(b), 14(a), and 20(a) of the Securities Exchange Act of 1934 and SEC Rules 10b-5 and 14a-9 promulgated thereunder. First Am. Compl. (“FAC”), ECF No. 65. Before the Court are two motions to dismiss pursuant to Federal Rule of Civil Procedure 12(b)(6). The first is brought by Defendants Nextdoor Holdings, Inc., Sarah J. Friar, and Michael Doyle (“Nextdoor Defendants”). Nextdoor Mot., ECF No. 71. The second is brought by Defendants Vinod Khosla, Samir Kaul, Peter Buckland, Khosla Ventures LLC, and Khosla Ventures SPAC Sponsor II LLC (“Khosla Defendants”) (collectively, “Defendants”). Khosla Mot., ECF No. 73. Plaintiff filed an omnibus…

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