Karri

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SAISRAVAN BHARADWAJ KARRI, Case No. 18-cv-03435-JD

Plaintiff,

ORDER RE MOTION TO DISMISS

v. 9 Re: Dkt. No. 29 OCLARO, INC. et al., Defendants.

12 This is a securities class action against Oclaro, Inc. and its former directors and officers arising out of Oclaro’s acquisition by Lumentum Holdings, Inc. Plaintiff SaiSravan Karri brought suit on behalf of former public stockholders of Oclaro under Sections 14(a) and 20(a) of the Securities Exchange Act of 1934, 15 U.S.C. §§ 78n(a), 78t(a), and Securities and Exchange Commission Rule 14a-9, 17 C.F.R. § 240.14a-9. Dkt. No. 20 ¶¶ 1, 9. Karri alleges in an amended complaint that Oclaro’s board of directors solicited approval for the transaction through a proxy statement containing materially false or misleading statements regarding the transaction. See id. ¶¶ 3-7. Defendants’ motion to dismiss, Dkt. No. 29, is granted and denied in part. BACKGROUND As alleged in the amended complaint, Oclaro was…