Leventhal

1 2 3 4 UNITED STATES DISTRICT COURT 5 NORTHERN DISTRICT OF CALIFORNIA 6 7 STEVEN LEVENTHAL, Case No. 21-cv-09953-PCP

8 Plaintiff,

ORDER DENYING DEFENDANTS’

9 v. MOTION TO DISMISS AND DENYING

PLAINTIFFS’ MOTION TO STRIKE

10 CHEGG, INC., et al., DDkktt.. NNooss.. 112222,, 112299 Defendants. 11

12 13 Lead plaintiffs Pompano Beach Police and Firefighters’ Retirement System and KBC 14 Asset Management NV brought this securities fraud class action lawsuit in December 2021 against 15 defendants Chegg, Inc., Chegg CEO Daniel Rosensweig, Chegg CFO Andrew Brown, and Chegg 16 President of Learning Services Nathan Schultz. Defendants move to dismiss the case and plaintiffs 17 move to strike certain portions of a declaration attached to defendants’ motion. For the reasons 18 that follow, the Court denies both motions. 19 BACKGROUND 20 Chegg is a publicly traded educational technology company that provides textbook rentals, 21 online tutoring services, and homework help to students. Chegg is comprised of two main business 22…