Case 3:20-cv-08438 Document 1 Filed 11/30/20 Page 1 of 78 1 RENNE PUBLIC LAW GROUP COHEN MILSTEIN SELLERS & LOUISE H. RENNE (SBN #36508) TOLL PLLC 2
[email protected] JULIE GOLDSMITH REISER (pro hac RUTH M. BOND (SBN #214582) 3 vice pending)
[email protected] [email protected] ANASTASIA BONDARCHUK (SBN 4 #309091) MOLLY BOWEN (pro hac vice pending)
[email protected] [email protected] 5 350 Sansome St., Suite 300 LYZETTE WALLACE (pro hac vice San Francisco, CA 94104 pending) 6 Telephone: (415) 848-7200
[email protected] Facsimile: (415) 848-7230 7 1100 New York Ave. NW, 5th Floor Washington, DC 20005 8 Telephone: (202) 408-4600 Facsimile: (202) 408-4699 9 LAURA POSNER (pro hac vice pending) 10
[email protected] 11 88 Pine St., 14th Floor New York, NY 10005 12 Telephone: (212) 838-7797 Attorneys for Plaintiff Facsimile: (212) 838-7745 13 UNITED STATES DISTRICT COURT 14 Attorneys for Plaintiff NORTHERN DISTRICT OF CALIFORNIA 15 SAN FRANCISCO DIVISION 16 THE EMPLOYEES’ RETIREMENT 17 SYSTEM OF RHODE ISLAND, CASE NO. derivatively on behalf of PINTEREST, INC. 18 VERIFIED SHAREHOLDER DERIVATIVE Plaintiff, COMPLAINT FOR BREACH OF 19 FIDUCIARY DUTY, WASTE OF vs. CORPORATE ASSETS, ABUSE OF 20 CONTROL, AND VIOLATIONS OF BENJAMIN SILBERMANN, EVAN FEDERAL SECURITIES LAWS 21 SHARP, JEFFREY JORDAN, JEREMY LEVINE, GOKUL RAJARAM, FREDRIC JURY TRIAL DEMANDED 22 REYNOLDS, MICHELLE WILSON, LESLIE KILGORE, AND TODD 23 MORGENFELD, 24 Defendants, 25 and 26 PINTEREST, INC., 27 Nominal Defendant. 28 i VERIFIED SHAREHOLDER DERIVATIVE COMPLAINT Case 3:20-cv-08438 Document 1 Filed 11/30/20 Page 2 of 78 1 Plaintiff the Employees’ Retirement System of Rhode Island (“ERSRI” or “Plaintiff”), with the 2 support of Laborers’ District Council and Contractors Pension Fund of Ohio (“Ohio Laborers”) submits 3 this Verified Stockholder Derivative Complaint on behalf of nominal defendant Pinterest, Inc.