Leventhal
Leventhal v. Chegg, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 STEVEN LEVENTHAL, Case No. 21-cv-09953-PCP
Plaintiff,
ORDER DENYING DEFENDANTS’
v. MOTION TO DISMISS AND DENYING
PLAINTIFFS’ MOTION TO STRIKE
CHEGG, INC., et al., DDkktt.. NNooss.. 112222,, 112299 Defendants.
12 Lead plaintiffs Pompano Beach Police and Firefighters’ Retirement System and KBC Asset Management NV brought this securities fraud class action lawsuit in December 2021 against defendants Chegg, Inc., Chegg CEO Daniel Rosensweig, Chegg CFO Andrew Brown, and Chegg President of Learning Services Nathan Schultz. Defendants move to dismiss the case and plaintiffs move to strike certain portions of a declaration attached to defendants’ motion. For the reasons that follow, the Court denies both motions. BACKGROUND Chegg is a publicly traded educational technology company that provides textbook rentals, online tutoring services, and homework help to students. Chegg is comprised of two main business 22…