In Re Finjan Holdings, Inc. Securities Litigation
Opinion
Trial Court Opinion
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 SECOND
AMENDED COMPLAINT
10 Docket No. 46
12 13 The above-referenced case is a securities action filed against Finjan Holdings, Inc. (“Finjan”) and its President and CEO Philip Hartstein. Lead Plaintiff (an individual, Robert Grier) 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 alleged misrepresentations were contained in the Recommendation Statement (Schedule 14D-9) and/or amendments thereto that Defendants disseminated to Finjan shareholders prior to their making a decision on whether to tender their shares in the offer. See generally Defs.’ RJN, Ex. A (Rec. St. at 12) (stating that, the Board unanimously “determined that…