In re Okta, Inc. Securities Litigation
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 Case No. 22-cv-02990-SI
IN RE OKTA, INC. SECURITIES
LITIGATION, ORDER GRANTING IN PART AND
DENYING IN PART DEFENDANTS’
MOTION TO DISMISS
10 Re: Dkt. No. 56
13 On March 17, 2023, the Court held a hearing on defendants’ motion to dismiss the amended complaint. For the reasons set forth below, the Court GRANTS IN PART and DENIES IN PART the motion, and GRANTS Lead Plaintiff leave to amend. Any amended complaint shall be filed by April 28, 2023. 18 INTRODUCTION This securities fraud case is brought by Lead Plaintiff Nebraska Investment Council, on behalf of itself and a putative class of those who purchased the publicly traded Class A common stock of Okta, Inc. (“Okta”) during the period from September 1, 2021, through September 1, 2022, inclusive (“Class Period”). Dkt. No. 48 (“AC”) at 1. This action arises from two main events and their aftermath: Okta’s acquisition…