"In re Facebook, Inc. Securities Litigation"
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 7 IN RE Case No. 5:18-cv-01725-EJD
FACEBOOK, INC. SECURITIES
LITIGATION ORDER GRANTING DEFENDANTS’
MOTION TO DISMISS THIRD
AMENDED COMPLAINT WITHOUT
LEAVE TO AMEND
11 Re: Dkt. No. 145
Before the Court is Defendants’ motion to dismiss Plaintiffs’ third amended complaint. Plaintiffs are person who purchased shares of Facebook common stock between February 3, 2017 and July 25, 2018 (“the Class Period”), who believe that Defendant Facebook, Inc. and Executive Defendants Mark Zuckerberg, Sheryl K. Sandberg, and David W. Wehner made materially false and misleading statements and omissions in connection with the purchase and sale of Facebook stock. See Third Amended Complaint (“TAC”) ¶ 1, Dkt. No. 142. Plaintiffs allege that Defendants violated Section 10(b), 20(a), and 20A of the Securities Exchange Act of 1934 (the “Exchange Act”) and Rule 10b5 promulgated thereunder because…