In re TerraVia Holdings, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA
IN RE TERRAVIA HOLDINGS, INC. Case No. 16-cv-06633-JD
SECURITIES LITIGATION
ORDER RE MOTION TO DISMISS
9 Re: Dkt. No. 67 10
12 This is a securities class action against TerraVia Holdings, Inc. (“TerraVia” or “Company”), its former CEOs Jonathan S. Wolfson and Apurva S. Mody, and former CFO and COO Tyler W. Painter. Plaintiffs, the TerraVia Investor Group, brought suit on behalf of all persons or entities who purchased or otherwise acquired TerraVia’s publicly traded securities between May 4, 2016 and November 6, 2016, under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78j(b), 78t(a), and Securities and Exchange Commission Rule 10b-5. Dkt. No. 39 ¶¶ 1, 20. Plaintiffs allege in the consolidated complaint that defendants made public statements about the commercial viability of its algae-based food products with knowledge of non-public information that rendered those statements false and misleading. See id. ¶¶ 7-11, 19. After TerraVia filed for…