Lifeline Legacy Holdings, LLC v. Ozy Media
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 7 LIFELINE LEGACY HOLDINGS, LLC, Case No. 21-cv-07751-BLF
Plaintiff,
ORDER GRANTING MOTION TO
v. DISMISS FIRST AMENDED
COMPLAINT WITH LEAVE TO
OZY MEDIA, INC., SAMIR RAO, and AMEND IN PART AND WITHOUT
CARLOS WATSON, LEAVE TO AMEND IN PART
12 Defendants. [Re: ECF 31] 13 Plaintiff LifeLine Legacy Holdings, LLC sues Defendants OZY Media, Inc., Samir Rao, and Carlos Watson for securities fraud under federal and state laws. OZY Media has filed a motion to dismiss the first amended complaint (“FAC”) under Federal Rule of Civil Procedure 12(b)(6), which is joined by Rao and Watson. The motion to dismiss is GRANTED WITH LEAVE TO AMEND IN PART AND WITHOUT LEAVE TO AMEND IN PART. I. BACKGROUND1 OZY Media is a digital media company specializing in news, podcasts, television, and film. FAC ¶ 13, ECF 18. The company was founded by Rao and Watson in 2013. Id. Rao is the…