Altimeo Asset Management v. Jumei International Holding Limited
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 EMAL HAIDERI, Case No. 20-cv-02751-EMC
Plaintiff,
ORDER GRANTING DEFENDANTS’
v. MOTIONS TO DISMISS
JUMEI INTERNATIONAL HOLDING Docket Nos. 58, 72 LIMITED, et al., 11 Defendants. 12 13 I. INTRODUCTION This case is securities-fraud class action brought by Lead Plaintiff Altimeo Asset Management against Jumei International Holding Ltd. (“Jumei” or “the Company”), members of Jumei’s Board of Directors,1 and Jumei’s CEO for violating Sections 10(b), 14(e), and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and regulations promulgated thereunder. See Docket No. 71 (“SAC”) ¶ 1. Plaintiffs’ claims arise from a buyout of Jumei’s former shareholders by the Company’s CEO, Leo Ou Chen, during which Defendants allegedly made false and misleading “statements that Chen’s Buyout offer was fair to, and in the best interests of, Jumei’s minority shareholders.” Id. ¶ 2. Specifically, Altimeo asserts…