Hoang

1 2 3 UNITED STATES DISTRICT COURT 4 NORTHERN DISTRICT OF CALIFORNIA 5 SAN JOSE DIVISION 6 7 YEN HOANG, et al., Case No. 21-cv-03930-BLF

8 Plaintiffs,

ORDER GRANTING IN PART AND

9 v. DENYING IN PART MOTION TO

DISMISS WITH LEAVE TO AMEND

10 CONTEXTLOGIC, INC., et al., [Re: ECF No. 106] 11 Defendants.

12

13 This is a putative class action for violation of the Securities Act of 1933 (“Securities Act”) 14 against ContextLogic, Inc. (“Wish”), certain of its officers and directors, and underwriters of its 15 IPO. Plaintiffs have filed a Second Consolidated Amended Class Action Complaint alleging 16 violations of Sections 11 and 15 of the Securities Act. ECF No. 103 (“SAC”). Wish and its 17 officers and directors (“Wish Defendants”) filed a Motion to Dismiss. ECF No. 106 (“Mot.”); 18 ECF No. 111 (“Reply”). The underwriters of Wish’s IPO (“Underwriter Defendants”) joined 19 Wish’s motion. ECF No. 107. Plaintiffs oppose the Motion. ECF No. 109 (“Opp.”). For the 20 reasons explained below, Wish’s Motion to…