In re Dropbox Securities Litigation

I. BACKGROUND

22 Plaintiff Jason Michael Deinnocentis filed this action on October 4, 2019, on behalf of 23 himself and others similarly situated. See Complaint, ECF No. 1. On January 16, 2021, the case 24 was consolidated with another, Ognjen Kuraica was appointed as Lead Plaintiff for the consolidated 25 action, and Levi & Korskinsky LLP was approved as Lead Counsel for the putative plaintiff class. 26 See ECF No. 65. 27 In their First Amended Complaint, Plaintiffs brought claims against the following Defendants: (1) Dropbox, Inc. (“Dropbox”); (2) Andrew W. Houston, Ajay V. Vashee, Timothy J. Regan, Arash Ferdowsi, Robert J. Mylod, Jr., Donald W. Blair, Paul E. Jacobs, Condoleezza Rice, R. Bryan Schreier, and Margaret C. Whitman (the “Registration Statement Defendants”); (3) Sequoia Capital XII, L.P., Sequoia Capital XII Principals Fund, LLC, Sequoia Technology Partners XII, L.P., SC XII Management, LLC (the “Sequoia Defendants”); and (4) Goldman Sachs & Co. LLC (“Goldman Sachs”), J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BofA Securities, Inc. (f/k/a Merrill Lynch, Pierce, Fenner Smith Incorporated), Allen Company LLC,…