Nowakowski
Nowakowski v. AXT, Inc.
Opinion
Trial Court Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 6 CRAIG NOWAKOWSKI, et al., Case No. 24-cv-02778-MMC
Plaintiffs, ORDER GRANTING DEFENDANTS' v. MOTION TO DISMISS; DISMISSING
AMENDED COMPLAINT WITH LEAVE
AXT INC., et al., TO AMEND Defendants.
12 Before the Court is defendants AXT, Inc. ("AXT"), Morris Young ("Young"), and Gary L Fischer's ("Fischer") Motion, filed November 8, 2024, "to Dismiss Plaintiffs' Amended Class Action Complaint." Plaintiffs Craig Nowakowski and Charles Grubb have filed opposition, to which defendants have replied. Having read and considered the papers filed in support of and in opposition to the motion,1 the Court rules as follows.2 BACKGROUND In the operative complaint, the Amended Class Action Complaint ("AC"), plaintiffs, who state they have purchased stock in defendant AXT (see AC ¶¶ 10-11), allege that AXT, a "materials science company," obtains "almost all of [its] revenue" from the…