Soe
Soe v. Progenity, Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 11 Case No.: 20-cv-1683-CAB-AHG
IN RE PROGENITY, INC. SECURITIES
LITIGATION ORDER ON DEFENDANTS’
MOTION TO DISMISS THE FIRST
AMENDED COMPLAINT
16 [Doc. No. 40]
19 This consolidated class action alleges violations of Sections and of the 20 Securities Act of 1933 arising out of alleged false and misleading statements contained in 21 the Registration Statement filed in connection with the June 2020 initial public offering 22 (the “IPO”) of shares of common stock of Progenity, Inc. (“Progenity”). Defendants now 23 move to dismiss Plaintiffs’ first amended class action complaint (the “FAC”). [Doc. No. 24 40.] The motion has been fully briefed and the Court finds it suitable for determination on 25 the papers submitted and without oral argument. See S.D. Cal. CivLR 7.1(d)(1). For the 26 reasons set forth below, Defendants’ motion to dismiss is granted.
28 I. BACKGROUND A. Parties The …