In re Dropbox Securities Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION

IN RE DROPBOX SECURITIES Case No. 19-cv-06348-BLF

LITIGATION

CORRECTED ORDER GRANTING

MOTIONS TO DISMISS WITH LEAVE

TO AMEND

[Re: ECF 71, 73] 7 Lead Plaintiff Ognjen Kuraica represents a putative class of investors who purchased or otherwise acquired the common stock of Dropbox, Inc. (“Dropbox”) pursuant or traceable to the Registration Statement associated with its Initial Public Offering (“IPO”). Consolidated Amended Complaint (“CAC”) at ¶¶ 1-2. Plaintiffs’ complaint forwards various securities violations against four groups of defendants (collectively, “Defendants”): Dropbox; Andrew W. Houston, Ajay V. Vashee, Timothy J. Regan, Arash Ferdowsi, Robert J. Mylod, Jr., Donald W. Blair, Paul E. Jacobs, Condoleezza Rice, R. Bryan Schreier, and Margaret C. Whitman (collectively, the “Registration Statement Defendants”); Sequoia Capital XII, L.P., Sequoia Capital XII Principals Fund, LLC, Sequoia Technology Partners XII, L.P., and SC XII Management, LLC (collectively,…