In re HP Inc. Securities Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 ELECTRICAL WORKERS PENSION Case No. 20-cv-01260-SI FUND, LOCAL 103, I.B.E.W., et al., 8 Plaintiffs, ORDER GRANTING DEFENDANTS' SECOND MOTION TO DISMISS v. Re: Dkt. No. 92 HP INC., et al., 11 Defendants. 12 Now before the Court is a second motion to dismiss, filed by defendants HP Inc., Dion Weisler, Catherine Lesjak, Steven Fieler, and Enrique Lores (collectively, “defendants”). Dkt. No. 92. On August 9, 2021, the Court heard oral argument on defendants’ motion. Dkt. No. 108. For the reasons stated below, the Court GRANTS defendants’ motion to dismiss. The Court dismisses the Second Amended Complaint WITH PREJUDICE. 18 BACKGROUND I. Factual Background The following allegations are taken from the Second Amended Complaint (“SAC”), which the Court must treat as true for the purpose of this motion. This matter arose in connection with statements made by HP executives Dion…