Habelt
Habelt v. iRhythm Technologies, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 MARK HABELT, et al., Case No. 21-cv-00776-EMC
Plaintiffs,
ORDER GRANTING DEFENDANTS’
v. MOTION TO DISMISS
IRHYTHM TECHNOLOGIES, INC., et al., Docket No. 55 Defendants.
12 13 Lead Plaintiff Public Employees’ Retirement System of Mississippi brings this class action on behalf of similarly situated investors against Defendant iRhythm and Individual Defendants King, Coyle and Devine (current or former corporate officers of iRhythm) to recover damages for Defendants’ alleged violations of federal securities laws. Now pending is Defendants’ motion to dismiss Plaintiffs’ Second Amended Complaint (“SAC”) in its entirety for failure to state claims, pursuant to Fed. R. Civ. P. 12(b)(6). Docket No. 55 (“MTD”). For the following reasons, the Court GRANTS Defendants’ motion. I. BACKGROUND A. Relevant Factual Allegations 1. iRhythm’s Business Defendant iRhythm is a “digital…