Kang
Kang v. PayPal Holdings, Inc
Opinion
Trial Court Opinion
IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA 7 HUEI-TING KANG, et al., Case No. 21-cv-06468-CRB
Plaintiffs,
ORDER GRANTING MOTION TO
v.
DISMISS
PAYPAL HOLDINGS, INC, et al., Defendants.
Plaintiffs Huei-Ting Kang and Arthur Flores (“Plaintiffs”) bring claims under the Securities Exchange Act of 1934 against PayPal Holdings, Inc. and four of its officers and employees (collectively, “PayPal”), alleging that PayPal made false or misleading statements regarding its compliance with regulatory obligations. Second Amended Complaint (“SAC”) (dkt. 83). In August, the Court granted PayPal’s first motion to dismiss, and allowed Plaintiffs leave to amend their complaint. Kang v. PayPal Holdings, Inc., No. 21-CV-06468-CRB, 2022 WL 3155241, at *13 (N.D. Cal. Aug. 8, 2022) (“Kang I”). PayPal now moves to dismiss the SAC. Mot. (dkt. 87); see also Opp’n (dkt. 88); Reply (dkt. 89). The Court finds this matter suitable for resolution without oral argument pursuant to Civil Local Rule 7-1(b), and…