UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 9 BOSTON RETIREMENT SYSTEM, et al.,1 Case No. 19-cv-06361-RS Plaintiffs, 11 v. ORDER DENYING MOTION TO DISMISS UBER TECHNOLOGIES, INC., et al., 13 Defendants.
I. INTRODUCTION Lead plaintiff Boston Retirement System (“BRS”) brings this putative class action against defendants Uber Technologies, Inc. (“Uber”), several of its current and former executives, and the underwriters of its initial public offering (“IPO”). BRS alleges defendants made false or misleading statements and omissions in connection with Uber’s IPO in violation of Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 (“Securities Act”). Defendants now move to dismiss the complaint under Rule 12(b)(6). Pursuant to Civil Local Rule 7-1(b), the motion is suitable for disposition without oral argument, and the hearing set for August 13, 2020 is vacated. For the reasons set forth below, the motion is denied. …