In re Cloudera, Inc. Securities Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN JOSE DIVISION
IN RE CLOUDERA, INC. SECURITIES Case No. 19-CV-03221-LHK
LITIGATION
ORDER GRANTING MOTIONS TO
DISMISS CONSOLIDATED AMENDED
CLASS ACTION COMPLAINT WITH
LEAVE TO AMEND
16 17 This case is a putative securities class action against Cloudera, Inc (“Cloudera”), Intel Corporation (“Intel”), and numerous director and corporate officer defendants. Lead Plaintiff Mariusz J. Klin & The Mariusz J. Klin MD PA 401K Profit Sharing Plan and Named Plaintiffs Robert Boguslawski and Arthur P. Hoffman (collectively, “Plaintiffs”) bring this suit on behalf of “all other persons similarly situated who purchased and/or otherwise acquired shares of Cloudera common stock between April 28, 2017 and June 5, 2019, inclusive (the ‘Class Period’).” Consolidated Amended Class Action Complaint, ECF No. 173 (“CAC”), at 1. Before the Court are Defendants two motions to dismiss. ECF Nos. 178, 180. Having considered the submissions of the parties, the relevant law, and the record in this case, the…