Zaidi
Zaidi v. Adamas Pharmaceuticals, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 ALI ZAIDI, et al., Case No. 19-cv-08051-JSW Plaintiffs,
ORDER DISMISSING SECTION 20(A)
V. CLAIM ADAMAS PHARMACEUTICALS, INC., et al., Defendants.
E In the parties’ joint case management conference statement, Defendant Richard King 14 || raised an issue of whether he can be held liable under Section 20(a). The Court has reviewed its || Order granting, in part, and denying, in part, Defendants’ motion to dismiss. In order to state a || claim under Section 20(a), a plaintiff must prove “(1) a primary violation of federal securities laws i ...5 and (2) that the defendant exercised actual power or control over the primary violator.” Z || Howard v. Everex Systs., Inc., 228 F.3d 1057, 1065 (9th Cir. 2000) (emphasis added). Based on || the Court’s ruling, King is the only defendant alleged to have committed a primary violation of || Section 10(b). The Court should have, and now does, dismiss…