Union Asset Management Holding AG v. Sandisk LLC

ORDER RE PENDING MOTIONS

VINCE CHHABRIA, United States District Judge

This is the third iteration of a securities fraud class action that was most recently dismissed for failure to allege the required level of scienter. See Dkt. No. 143. To fix their scienter problem, the plaintiffs have amended their complaint to include statements from two confidential witnesses who previously worked at SanDisk. These confidential witnesses allegedly have knowledge of meetings at which high-level SanDisk executives received information inconsistent with the picture of corporate performance they shared with…