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SCANDLON v. BLUE COAT SYSTEMS, INC.

No. C 11-4293 RS.

ROBERT A. SCANDLON, JR., On behalf of Himself and All Others Similarly Situated, Plaintiff, v. BLUE COAT SYSTEMS, INC., BRIAN M. NESMITH and GORDON C. BROOKS, Defendants.

United States District Court, N.D. California, San Francisco Division.

September 23, 2013.

ORDER GRANTING MOTION TO DISMISS WITHOUT LEAVE TO AMEND

RICHARD SEEBORG, District Judge.

I. INTRODUCTION

This shareholders' putative class action arises from a steep decline in the share price of Blue Coat Systems, Inc. in May of 2010, the day after the company released financial results and provided forward-looking guidance that was less optimistic than had been anticipated. The complaint was previously dismissed for failure to plead with adequate...

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