Bailey

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 BRIAN BAILEY, et al., Case No. 23-cv-01243-PCP

Plaintiffs,

ORDER GRANTING MOTION TO

v. DISMISS

ZENDESK, INC., et al., Re: Dkt. No. 34 Defendants.

12 Lead plaintiffs Brian Bailey and Scott Franklin bring this class action securities lawsuit on behalf of themselves and similarly situated former public stockholders of Zendesk, Inc. against both Zendesk and former members of Zendesk’s Board of Directors. Defendants have now moved to dismiss plaintiffs’ complaint for failure to state a claim under Rule 12(b)(6). For the following reasons, the Court grants defendants’ motion to dismiss with leave to amend. BACKGROUND Zendesk is a customer service software vendor that was founded in 2007.1 In October 2021, Zendesk proposed acquiring Momentive Global, Inc. and released revenue projections that valued Zendesk between $130–$197 per share. The proposed transaction was condemned by Zendesk’s shareholders…