In re Maxwell Technologies, Inc., Securities Litigation
District Court, S.D. California
1Opinion of the Court
ORDER GRANTING MOTION TO DISMISS
ROGER T. BENITEZ, District Judge.
Before this Court is a Motion to Dismiss filed by Defendants Maxwell Technologies, Inc. (Maxwell), David J. Schramm, and Kevin S. Royal. (Docket No. 50). For the reasons stated below, the Motion is GRANTED.
BACKGROUND
Maxwell Technologies is a Delaware corporation based in San Diego, CA. Maxwell develops, manufactures, and markets energy storage and power delivery products, with a primary focus on ultracapacitors. Schramm served as CEO and President of Maxwell from July 2007 to December 31, 2013, and reached an agreement to serve…
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