Stoyas
Stoyas v. Toshiba Corp.
Opinion
Lead Opinion
Pregerson, J.
*1084 ORDER RE: DEFENDANT’S MOTION TO DISMISS AND PLAINTIFFS’ MOTION TO STRIKE WADA DECLARATION
Presently before the Court are (1) Defendant Toshiba Corporation’s Motion to Dismiss and (2) Plaintiffs’ Motion to Strike the Declaration of Ayumi Wada in Support of Defendant Toshiba Corporation’s Motion to Dismiss. (Dkt. Nos. 44, 54.) After hearing oral argument and considering the parties’ submissions, the Court adopts the following Order.
I. BACKGROUND
A. Procedural History
This case is a putative securities class action lawsuit. Plaintiff Mark Stoyas filed this case in June 2015, alleging Defendant and two of its former Chief Executive Officers had violated U.S. securities laws by selling stock with an inflated price caused by Defendants’ false profit reports. (See generally Compl, Dkt. No. 1.) In August 2015, Plaintiff Mark Stoyas did not oppose the Motion of Automotive Industries Pension Trust Fund to be appointed Lead Plaintiff. (See Dkt. Nos. 10-20.) The Court appointed Automotive Industries Pension Trust Fund as Lead Plaintiff and its counsel as lead counsel for the class in September 2015. (Dkt. No. 22.)