Anderson et al v. Edward D. Jones & Co., L.P. et al

Filing 7

STIPULATION AND ORDER REGARDING SERVICE AND PROCEDURES UNDER PRIVATE SECURITIES LITIGATION REFORM ACT signed by District Judge John A. Mendez on 4/27/2018. (Fabillaran, J)

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MERYL L. YOUNG, SBN 110156
[e-mail]
GIBSON, DUNN & CRUTCHER LLP
3161 Michelson Drive
Irvine, CA 92612-4412
Telephone: [phone]
Facsimile: [phone]
Counsel for Service

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ALEXANDER K. MIRCHEFF, SBN 245074
[e-mail]
GIBSON, DUNN & CRUTCHER LLP
333 South Grand Avenue
Los Angeles, CA 90071-3197
Telephone: [phone]
Facsimile: 213.229.7520

SAMUEL A. KEESAL, SBN 38014
[e-mail]
KEESAL, YOUNG & LOGAN
400 Oceangate
Long Beach, CA 90802
Telephone:
562.436.2000
Facsimile:
562.436.7416
JULIE L. TAYLOR, SBN 154341
[e-mail]
KEESAL, YOUNG & LOGAN
450 Pacific Avenue
San Francisco, CA 94133
Telephone:
415.398.6000
Facsimile:
415.981.0136

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Counsel for Defendants
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[Additional Counsel Listed on Signature Page]
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UNITED STATES DISTRICT COURT

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EASTERN DISTRICT OF CALIFORNIA

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EDWARD ANDERSON, RAYMOND KEITH
CORUM, JESSE WORTHINGTON, and
COLLEEN WORTHINGTON, each
individually and on behalf of all others
similarly situated,

CASE NO. 18-cv-00714-JAM-AC
STIPULATION AND ORDER REGARDING
SERVICE AND PROCEDURES UNDER
PRIVATE SECURITIES LITIGATION
REFORM ACT

Plaintiff,
EDWARD D. JONES & CO., L.P.; THE
JONES FINANCIAL COMPANIES, L.L.L.P.;
EDJ HOLDING COMPANY, INC.; JAMES
D. WEDDLE; PENELOPE PENNINGTON;
DANIEL J. TIMM; KENNETH R. CELLA,
JR.; BRETT A. CAMPBELL; KEVIN D.
BASTIEN; NORMAN L. EAKER; VINCENT
J. FERRARI; TIMOTHY J. KIRLEY; JAMES
A. TRICARICO, JR.; OLIVE STREET
INVESTMENT ADVISORS, LLC;
PASSPORT HOLDINGS, LLC; PASSPORT
RESEARCH, LTD; and JOHN DOES 1-100,

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Defendants.
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Gibson, Dunn &
Crutcher LLP

The parties submit the following stipulation for the Court’s approval:
STIPULATION REGARDING SERVICE AND
PROCEDURES UNDER PSLRA
CASE NO. 18-CV-00714-JAM-AC

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WHEREAS, on March 30, 2018, Plaintiffs filed the putative class action complaint in this

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action, asserting, among other things, claims under Section 10(b) of the Securities Exchange Act of

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1934 (“Exchange Act”) and Rule 10b-5 promulgated thereunder, as well as claims under Sections

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12(a)(2) and 15 of the Securities Act of 1933 (Dkt. No. 1);

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WHEREAS, this action is governed by the Private Securities Litigation Reform Act of 1995
(the “PSLRA”);

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WHEREAS, pursuant to Section 21D(a)(3)(B) of the Exchange Act, 15 U.S.C. § 78u-

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4(a)(3)(B), as amended by the PSLRA, motions for appointment as Lead Plaintiff in this action and

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for approval of Lead Counsel are due on May 29, 2018;

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WHEREAS, it is anticipated that following the Court’s ruling, the appointed Lead Plaintiff
will file an amended complaint that supersedes the pending complaint;

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WHEREAS, counsel for the parties agree that to avoid duplicative effort, unnecessary motion

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practice, and waste of judicial resources, there is good cause to provide that Defendants need not

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respond to the pending complaint and will instead respond to the anticipated subsequent pleading;

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WHEREAS, counsel for Defendants has agreed to accept service of the complaint on behalf
of all Defendants, provided that no responsive pleading to the current complaint is required;
NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, subject to Court
approval, as follows:

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1.

Defendants accept service of the complaint.

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2.

Defendants shall not be required to answer, move, or otherwise respond to the pending
complaint.

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3.

The schedule for filing an amended complaint and briefing any motions to dismiss

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pursuant to Rule 12(b)(6) of the Federal Rules of Civil Procedure shall be as follows:

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a. The amended complaint shall be filed within 60 days of the Court’s Order

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appointing Lead Plaintiff and approving the selection of Lead Counsel.
b. Motions to dismiss and opening briefs in support thereof shall be filed within 60
days of the filing of the amended complaint.
c. The opposition shall be due within 60 days of the filing of the motion to dismiss.
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Gibson, Dunn &
Crutcher LLP

STIPULATION REGARDING SERVICE AND
PROCEDURES UNDER PSLRA
CASE NO. 18-CV-00714-JAM-AC

d. Replies in support of the motions to dismiss shall be due within 45 days of the

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filing of the opposition briefs.

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4.

The parties expressly reserve all other rights of any kind.

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Dated: April 20, 2018

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/s / Ivy T. Ngo as approved on April 20, 2018
Ivy T. Ngo
FRANKLIN D. AZAR & ASSOCIATES, P.C.
14426 East Evans Avenue
Aurora, CO 80014
Telephone:
[phone]
Facsimile:
[phone]
[e-mail]

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GIBSON, DUNN & CRUTCHER LLP
Meryl L. Young
3161 Michelson Drive
Irvine, CA 92612-4412
Telephone: [phone]
Facsimile: [phone]
[e-mail]

John Garner
GARNER LAW OFFICE
109 North Marshall Avenue
P.O. Box 908
Willows, CA 95988
Telephone: [phone]
Facsimile:
[phone]
[e-mail]

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/s/ Meryl L. Young

Counsel for Plaintiffs

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GIBSON, DUNN & CRUTCHER LLP
Alexander K. Mircheff
333 South Grand Avenue
Los Angeles, CA 90071-3197
Telephone:
213.229.7000
Facsimile:
213.229.7520
[e-mail]

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KEESAL, YOUNG & LOGAN
Samuel A. Keesal
400 Oceangate
Long Beach, CA 90802
Telephone:
562.436.2000
Facsimile:
562.436.7416
[e-mail]

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KEESAL, YOUNG & LOGAN
Julie L. Taylor
450 Pacific Avenue
San Francisco, CA 94133
Telephone:
415.398.6000
Facsimile:
415.981.0136
[e-mail]

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Counsel for Defendants
IT IS SO ORDERED

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Dated: _4/27/2018

/s/ John A. Mendez________________________
_____________________________
Hon. John A. Mendez
United States District Judge

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Gibson, Dunn &
Crutcher LLP

STIPULATION REGARDING SERVICE AND
PROCEDURES UNDER PSLRA
CASE NO. 18-CV-00714-JAM-AC