Rieckborn v. Jefferies LLC
District Court, N.D. California
1Opinion of the Court
ORDER REGARDING DEFENDANTS’ MOTIONS TO DISMISS
Re: Dkt. Nos. 160, 161, 163, 164, 182, 183
WILLIAM H. ORRICK, District Judge
INTRODUCTION
This is a securities class action brought on behalf of a putative class of persons who purchased or otherwise acquired Velti pic (“Velti”) securities between January 27, 2011 and August 20, 2013. On the last day of the putative class period, Velti announced its Q2 2013 financial results and disclosed that it had decided to write off approximately $111 million in outstanding accounts receivable. Plaintiffs allege that Velti’s reserves and revenues were materially…
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