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KANG v. PAYPAL HOLDINGS, INC.

Case No. 21-cv-06468-CRB.

620 F.Supp.3d 884 (2022)

Huei-Ting KANG, et al., Plaintiffs, v. PAYPAL HOLDINGS, INC., et al., Defendants.

United States District Court, N.D. California.

Signed August 8, 2022.

Attorney(s) appearing for the Case

Leah Heifetz-Li , Philadelphia, PA, Omar Jafri , Pro Hac Vice, Brian O'Connell , Pomerantz LLP, Chicago, IL, Jennifer Pafiti , Pomerantz LLP, Los Angeles, CA, for Plaintiff Huei-Ting Kang.

Leah Heifetz-Li , Philadelphia, PA, Omar Jafri , Pro Hac Vice, Brian O'Connell , Pomerantz LLP, Chicago, IL, Thomas Gregory Hoffman, Jr. , Pro Hac Vice, Charles J. Stiene , Pro Hac Vice, David J. Schwartz , Pro Hac Vice, Michael P. Canty , Pro Hac Vice, Labaton Sucharow LLP, New York, NY, Ivy T. Ngo , Roche Freedman, LLP, Miami, FL, Jennifer Pafiti , Pomerantz LLP, Los Angeles, CA, for Plaintiff Arthur Flores.

Audra Jan Soloway , Pro Hac Vice, Daniel J. Kramer , Pro Hac Vice, Geoffrey R. Chepiga , Pro Hac Vice, Daniel Sinnreich , Pro Hac Vice, Attorney at Law Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, Melinda Haag , Paul Weiss Rifkind Wharton Garrison LLP, San Francisco, CA, Alexander K. Talarides , James Neil Kramer , Orrick Herrington and Sutcliffe LLP, San Francisco, CA, for Defendants PayPal Holdings, Inc, Daniel H. Schulman, John D. Rainey.

Audra Jan Soloway , Pro Hac Vice, Daniel J. Kramer , Pro Hac Vice, Geoffrey R. Chepiga , Pro Hac Vice, Daniel Sinnreich , Pro Hac Vice, Attorney at Law Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, Melinda Haag , Paul Weiss Rifkind Wharton Garrison LLP, San Francisco, CA, for Defendants Doug Bland, Joseph Gallo,

ORDER GRANTING MOTION TO DISMISS

Plaintiffs Huei-Ting Kang and Arthur Flores are suing PayPal Holdings, Inc. and four officers and employees (collectively, PayPal) for securities fraud under §§ 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. Seeking to...

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