Roberts

Roberts v. Zuora, Inc.

Good Law
United States District Court, Northern District of CaliforniaApril 28, 20203:19-cv-03422California7,962 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 5 CASEY ROBERTS, et al., Case No. 19-cv-03422-SI

Plaintiffs,

ORDER DENYING DEFENDANTS’

v. MOTION TO DISMISS

ZUORA, INC., et al., Re: Dkt. No. 64 Defendants.

11 Now before the Court is defendants’ motion to dismiss the consolidated amended complaint. Pursuant to Civil Local Rule 7-1(b), the Court finds this matter appropriate for resolution without oral argument and hereby VACATES the hearing. For the reasons set forth below, the Court DENIES defendants’ motion. 16 BACKGROUND I. Parties and Products This securities fraud case is brought by Lead Plaintiff New Zealand Methodist Trust Association (“plaintiff”) on behalf of itself and a class of those who purchased securities from Zuora, Inc. (“Zuora”) in the period from April 12, 2018 to May 30, 2019 (the “Class Period”). Consol. Am. Class Action Compl. ¶¶ 22, 268 (“CACAC” or “Complaint”) (Dkt. No. 60). Defendant Zuora is an…

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