Sgarlata
Sgarlata v. PayPal Holdings, Inc.
Opinion
trial_court Opinion
1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 RONALD SGARLATA, et al., Case No. 17-cv-06956-EMC
8 Plaintiffs,
ORDER GRANTING DEFENDANTS’
9 v. MOTION TO DISMISS SECOND
AMENDED COMPLAINT
10 PAYPAL HOLDINGS, INC., et al., Docket No. 79 11 Defendants.
12 13 Defendants PayPal Holdings, Inc., TIO Networks ULC, TIO Networks USA, Inc., Daniel 14 H. Schulman, John D. Rainey, Jr., and John Kunze (collectively, “Defendants”) move to dismiss 15 Plaintiffs Michael Eckert and Edwin Bells’ (“Plaintiffs”) second amended complaint (“SAC”). 16 Plaintiffs bring this action individually and on behalf of all others who purchased PayPal securities 17 between November 10, 2017 and December 1, 2017 (the “Class Period”). Plaintiffs claim that 18 they purchased PayPal securities at allegedly inflated prices during the Class Period. The Court 19 previously dismissed Plaintiffs’ first amended complaint (“FAC”) with leave to amend. Docket 20 No. 78. The SAC continues to allege claims for relief against Defendants under 10(b), 10b–5, and…