IN RE CLOUDERA, INC.

No. 22-16807.

121 F.4th 1180 (2024)

IN RE: CLOUDERA, INC., Securities Litigation, Mariusz J. Klin, Lead Plaintiff; The Mariusz J. Klin MD PA 401K Profit Sharing Plan; Robert Boguslawski; Arthur P. Hoffman, on behalf of themselves and all others similarly situated, Plaintiffs-Appellants, v. Cloudera, Inc.; Thomas J. Reilly; Jim Frankola; Michael A. Olson; Ping Li; Priya Jain; Martin Cole; Kimberly Hammonds; Rosemary Schooler; Steven Sordello; Michael A. Stankey; Robert Bearden; Paul Cormier; Peter Fenton; Kevin Klausmeyer, Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Filed November 19, 2024.


Attorney(s) appearing for the Case

Ramzi Abadou, (argued), Kahn Swick & Foti LLP, San Francisco; Lewis S. Kahn, Alexander L. Burns, James T. Fetter, and Alexandra G. Pratt, Kahn Swick & Foti LLC, New Orleans, Louisiana; for Plaintiffs-Appellants.

Joseph R. Palmore, (argued), Morrison & Foerster LLP, Washington, D.C.; Anna E. White, Ryan Keats, and Joel F. Wacks, Morrison & Foerster LLP, San Francisco, California; for Defendants-Appellees.

Before: Marsha S. Berzon, Eric D. Miller, and Lawrence VanDyke, Circuit Judges.


OPINION

Mariusz Klin appeals the district court's dismissal of this putative securities-fraud class action for failure to state a claim. Klin alleges that Cloudera, Inc. and its officers and directors made dozens of materially false statements about the technical capabilities of its products. The district court held...

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