Pinto

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION 6 LEONARD R PINTO, Case No. 19-cv-03354-BLF

Plaintiff,

ORDER GRANTING MOTION TO

v. DISMISS

ARLO TECHNOLOGIES, INC., et al., [Re: ECF No. 37] Defendants.

12 Plaintiff Leonard R. Pinto brings this shareholder derivative suit against Nominal Defendant Arlo Technologies, Inc. (“Arlo” or the “Company”) and six members of Arlo’s board of directors (“Director Defendants”) (collectively “Defendants”) for allowing allegedly false and misleading statements to be made in relation to Arlo’s August 2018 initial public offering (“IPO”). Plaintiff’s Second Amended Verified Shareholder Derivative Complaint (“SAC”) alleges three state causes of action for breach of fiduciary duty, waste of corporate assets, and unjust enrichment, as well as one federal cause of action under Section 21D of the Exchange Act for a private right of contribution. SAC ¶¶ 168-191, ECF No. 34. Presently before the…