In Re Finjan Holdings, Inc. Securities Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 IN RE FINJAN HOLDINGS, INC. Case No. 20-cv-04289-EMC

SECURITIES LITIGATION.

ORDER GRANTING DEFENDANTS’

MOTION TO DISMISS Docket No. 24

12 13 Lead Plaintiff Robert Grier has filed a securities action against Finjan Holdings, Inc. (“Finjan”), its President and CEO Philip Hartstein, and former members of Finjan’s Board of Directors (eight individuals1). Lead Plaintiff asserts that Defendants violated §§ 14(e) and 20(a) of the Securities Exchange Act of 1934 based on misrepresentations related to a tender offer in which Fortress Investment Group LLC, through an affiliate, acquired all of Finjan’s stock for $1.55 per share. The misrepresentations, which effectively undervalued Finjan’s shares, were contained in the Recommendation Statement (Schedule 14D-9) and/or amendments thereto that Defendants disseminated to Finjan shareholders. See generally Defs.’ RJN, Ex. A (Rec. St. at 12) (stating that, the Board unanimously…