Reidinger
Reidinger v. Zendesk, Inc.
Opinion
Trial Court Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 CHARLES REIDINGER, Case No. 19-cv-06968-CRB
Plaintiff,
ORDER GRANTING MOTION TO
v. DISMISS WITH LEAVE TO AMEND
ZENDESK, INC., et al., Defendants.
A class of Zendesk, Inc. stock purchasers led by Local 353, I.B.E.W. Pension Fund (the Pension Fund) is suing Zendesk and several of its officers for securities fraud under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities and Exchange Commission (SEC) Rule 10b-5. The Pension Fund alleges that Zendesk and its officers made false and misleading statements relating to (1) Zendesk’s performance and sales capabilities in Europe, the Middle East, and Africa (EMEA) and the Asian Pacific (APAC), and (2) Zendesk’s data security. Zendesk has moved to dismiss the Pension Fund’s complaint for failure to state a claim for which relief may be granted. The Court has determined that oral argument is not necessary and vacates the hearing previously…