IN RE TWITTER, INC. SECURITIES LITIGATION

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 5 IN RE TWITTER, INC. SECURITIES CASE NO. 19-cv-07149-YGR

LITIGATION

ORDER GRANTING DEFENDANTS’ MOTION

TO DISMISS THE CONSOLIDATED CLASS

ACTION COMPLAINT Re: Dkt. No. 53

Lead plaintiffs the Weston Family Partnership LLLP and the Twitter Investor Group bring this consolidated securities class action litigation alleging false and misleading statements and omissions between July 26, 2019 and October 23, 2019 (the “Class Period”) against defendants Twitter, Inc. (“Twitter” or the “Company”), chief executive officer Jack Dorsey (“Dorsey”), and chief financial officer Ned Segal (“Segal”). Specifically, plaintiffs raise two causes of action, namely, violation of (1) Section 10(b) of the Securities Exchange Act (“Exchange Act”) and Rule 10b-5 against all defendants, and (2) Section 20(a) of the Exchange Act against the individual defendants. All defendants move to dismiss pursuant to Federal Rules…