Legal Opinion
Manger v. Leapfrog Enterprises, Inc.
District Court, N.D. California
Decided January 23, 2017No. Case No. 16-cv-01161-WHOPublished
1Opinion of the Court
ORDER GRANTING MOTION TO DISMISS
Re: Dkt. No. 29
WILLIAM H. ORRICK, United States District Judge
In this shareholder derivative lawsuit, plaintiff alleges that defendant Leapfrog Enterprises, Inc. (Leapfrog) and seven of its former Board of Directors members1 violated three provisions of the Securities and Exchange Act of 1934 by issuing a false and misleading Recommendation Statement, recommending that shareholders of Leapfrog tender their shares pursuant to a Tender Offer from VTech. Defendants move to dismiss, arguing that plaintiffs Amended Complaint fails to state a claim Under Section…
2Cases cited22 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Lopez v. SmithCourt of Appeals for the Ninth Circuit · 2000
- Michael Lacey v. Joseph ArpaioCourt of Appeals for the Ninth Circuit · 2012
- Cort v. AshSupreme Court of the United States · 1975
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