ORDER GRANTING MOTION TO DISMISS
RICHARD SEEBORG, District Judge.
I. INTRODUCTION
This shareholders' putative class action arises from a public admission by defendant SunPower Corporation that its prior financial statements had been based in part on, "unsubstantiated accounting entries... [that] generally resulted in an understatement of the Company's cost of goods sold." More specifically, SunPower acknowledged that "certain expenses were
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