Felix

INTRODUCTION

19 In this securities action, lead plaintiff moves for leave to file first amended complaint. 20 To the extent stated below, the motion is GRANTED. 21

STATEMENT

22 Previous orders have stated the facts of this case. In short, defendant Symantec 23 Corporation is a company that sells cybersecurity products and services. In early 2016, 24 Symantec divested Veritas Software, a company it had acquired for $13.5 billion. In June 2016, 25 Symantec announced the $4.65 billion acquisition of a privately-held network-security firm 26 called Blue Coat Systems, Inc. Blue Coat’s top management team then took control of 27 Symantec, with defendants Gregory Clark and Nicholas Noviello assuming the positions of 28 Symantec’s CEO and CFO, respectively. Defendant Mark Garfield, Symantec’s Chief 1 2016, Symantec acquired Lifelock, Inc., a consumer identity-protection company for $2.3 2 billion. In connection with this acquisition, Symantec increased its revenue and income targets 3 for executive compensation (Consolidated Compl. ¶¶ 19–40). 4 Symantec reported strong financial performance and the success of the Blue Coat and 5 Lifelock acquisitions in its SEC filings…