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HACKER v. ELEC. LAST MILE SOLUTIONS INC.

Civil Action No. 22-00545 (MEF)(LDW).

687 F.Supp.3d 582 (2023)

Scott HACKER, et al., Plaintiffs, v. ELECTRIC LAST MILE SOLUTIONS INC., et al., Defendants.

United States District Court, D. New Jersey.

Signed August 15, 2023.

Attorney(s) appearing for the Case

Laurence M. Rosen, The Rosen Law Firm, P.A., Newark, NJ, for Plaintiffs.

Blake T. Denton, Latham & Watkins LLP, New York, NY, for Defendants Electric Last Mile Solutions Inc., Albert Li, Robert Song.

Joseph Andrew Matteo, Barnes & Thornburg LLP, New York, NY, for Defendant James Taylor.

Alison Rebecca Benedon, Paul, Weiss, Rifkind, Wharton & Garrison LLP, New York, NY, for Defendant Jason Luo.

Blake T. Denton, Latham & Watkins LLP, New York, NY, Michael S. Doluisio, Dechert LLP, Philadelphia, PA, for Defendants David Boris, Marshall Kiev.

David William Kiefer, McDermott Will & Emery LLP, New York, NY, for Defendant BDO USA, LLP.

OPINION

Table of Contents

I. Background

A. Procedural History

B. The Complaint

C. The Motion to Dismiss

II. Pleading Standards

III. Scienter

A. Legal Principles

B. A "Strong...

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