City of Birmingham Relief and Retirement System v. Acadia Pharmaceuticals Inc.
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF CALIFORNIA
10 11 CITY OF BIRMINGHAM RELIEF Case No. 3:21-cv-00762-WQH-NLS AND RETIREMENT SYSTEM; and
OHIO CARPENTERS’ PENSION
FUND, Individually and On Behalf of ORDER All Others Similarly Situated, 14 Plaintiffs, 15 v.
ACADIA PHARMACEUTICALS,
INC.; STEPHEN R. DAVIS; and
SRDJAN (SERGE) R. STANKOVIC,
18 Defendants. 19 HAYES, Judge: The matter before the Court is the Motion to Dismiss the FAC filed by Defendants Acadia Pharmaceuticals, Inc., Stephen R. Davis, and Srdjan (Serge) R. Stankovic. (ECF No. 53.) I. PROCEDURAL BACKGROUND On April 19, 2021, Denise Marechal initiated this action by filing a Class Action Complaint. (ECF No. 1.) On September 29, 2021, the Court issued an Order 27 appointing City of Birmingham Relief and Retirement System (“Birmingham”) as 28 Lead Plaintiff. (ECF No. 38.) On December 10, 2021, Birmingham and additional Plaintiff Ohio Carpenters’ Pension Fund (collectively “Plaintiffs”) filed an Amended Class Action Complaint (the “FAC”). (ECF No. 45.) The FAC alleges that Defendants violated…