Harro Moen v. SocialChain Inc., and others

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

HARRO MOEN, Case No. 25-cv-09145-NC Plaintiff,

ORDER GRANTING

v. DEFENDANTS’ MOTION TO

DISMISS WITH LEAVE TO

SOCIALCHAIN INC., and others, AMEND IN PART Defendants. Re: ECF 23 15 Plaintiff Harro Moen alleges seven causes of action against Defendants SocialChain Inc., Nicolas Kokkalis, Chengdiao Fan, Pi Community Company, and Does 1-50 arising from misrepresentations about the cryptocurrency platform’s governance and Mainnet launch and an unauthorized transfer of Pi tokens from his secured wallet. Defendants move to dismiss Plaintiff’s Complaint or, in the alternative, move for a more definitive statement. For the reasons stated below, this Court GRANTS Defendants’ Motion to Dismiss. I. BACKGROUND A. Factual Background Plaintiff alleges the following. Defendants launched Pi Network, a mobile application cryptocurrency platform, in 2019. ECF 1 (Compl.) at 11. Kokkalis’s 2019 whitepaper…