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CEMENT & CONCRETE WORKERS v. HEWLETT PACKARD CO.

No. 12-cv-04115-JST.

964 F.Supp.2d 1128 (2013)

CEMENT & CONCRETE WORKERS DISTRICT COUNCIL PENSION FUND, et al., Plaintiffs, v. HEWLETT PACKARD COMPANY, et al., Defendants.

United States District Court, N.D. California.

August 9, 2013.

Attorney(s) appearing for the Case

Ira M. Press , Sarah G. Lopez , Mark Allen Strauss , Kirby Mclnerney LLP, New York, NY, Lionel Z. Glancy , Robert Vincent Prongay , Glancy Binkow & Goldberg LLP, Los Angeles, CA, for Plaintiffs.

Diane Leslie Webb , Andrew Michael Purdy , Joseph Edward Floren , Attorney at Law, Kimberly Alexander Kane , Morgan, Lewis & Bockius LLP, San Francisco, CA, Karen A. Pieslak Pohlmann , Marc J. Sonnenfeld , Morgan Lewis and Bockius LLP, Philadelphia, PA, Jennifer Renee Bagosy , Morgan Lewis & Bockius LLP, Lawrence David Lewis , Dwight Ludden Armstrong , Keith Paul Bishop , Allen Matkins Leek Gamble Mallory & Natsis LLP, Irvine, CA, Amy Wintersheimer Findley , Allen Matkins Leek Gamble Mallory & Natsis LLP, San Diego, CA, for Defendants.

ORDER GRANTING MOTIONS TO DISMISS

JON S. TIGAR, District Judge.

In this securities fraud suit, Defendants Hewlett Packard Co. and its former CEO, Mark Hurd, move to dismiss for failure to state a claim pursuant to the Private Securities Litigation Reform Act of 1995, 15 U.S.C. § 78u-4. Because the First Amended Complaint fails to satisfy the materiality and falsity requirements for a securities fraud claim, the Court will grant the motions with leave...

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