In re Charles Schwab Corp. Securities Litigation

Filing 190

STIPULATION AND ORDER REGARDING CLASS CERTIFICATION BRIEFING SCHEDULE (whalc2, COURT STAFF) (Filed on 5/1/2009)

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Case 3:08-cv-01510-WHA Document 187 Filed 04/29/2009 Page 1 of 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 DARRYL P. RAINS (CA SBN 104802) MORRISON & FOERSTER LLP 755 Page Mill Road Palo Alto, California 94304-1018 Telephone: 650.813.5600 Facsimile: 650.494.0792 Email: DRains@mofo.com DOROTHY L. FERNANDEZ (CA SBN 184266) KIMBERLY L. TAYLOR (CA SBN 240483) MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: 415.268.7000 Facsimile: 415.268.7522 Attorneys for defendants The Charles Schwab Corporation, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc., Schwab Investments, Charles R. Schwab, Evelyn Dilsaver, Randall W. Merk, George Pereira, Matthew Hastings, Mariann Byerwalter, Donald F. Dorward, William A. Hasler, Robert G. Holmes, Gerald B. Smith, Donald R. Stephens, and Michael W. Wilsey UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION IN RE CHARLES SCHWAB CORP. SECURITIES LITIGATION Master File No. C-08-01510-WHA CLASS ACTION STIPULATION AND [PROPOSED] ORDER REGARDING CLASS CERTIFICATION BRIEFING SCHEDULE FILED PURSUANT TO CIVIL LOCAL RULES 6-1 & 6-2 STIPULATION & [PROPOSED] ORDER RE: CLASS CERT. BRIEFING SCHEDULE MASTER FILE NO. C-01510-WHA sf-2678092 Case 3:08-cv-01510-WHA Document 187 Filed 04/29/2009 Page 2 of 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, pursuant to a Court order entered on March 23, 2009, Lead Plaintiffs' motion for class certification must be filed on or before May 1, 2009 and defendants' opposition must be filed on or before May 22, 2009; WHEREAS, plaintiffs anticipate proposing eight individuals as class representatives in their motion for class certification and defendants desire to depose these individuals in advance of filing their opposition; WHEREAS, the parties have met and conferred regarding the scheduling of these eight depositions, but, while many of the deposition dates have been set, all the depositions are not yet scheduled; WHEREAS, defendants have proposed a one-week extension of the time for them to file their opposition to class certification in order to allow completion of the depositions of the class representatives; WHEREAS, the requested one-week extension of time will require a change in the hearing date for plaintiffs' motion for class certification but will not change any other Courtordered deadlines; IT IS HEREBY STIPULATED AND AGREED among the undersigned parties, subject to Court approval, as follows: 1. The due date of defendants' opposition to plaintiffs' motion for class certification shall be changed fro m May 22, 2009 to May 29, 2009; 2. The due date of plaintiffs' reply brief in support of their motion for class certification shall be changed from June 5, 2009 to June 12, 2009; and 3. The hearing on plaintiffs' motion for class certification shall be continued from June 11, 2009, to June 18, 2009. IT IS SO STIPULATED. STIPULATION & [PROPOSED] ORDER RE: CLASS CERT. BRIEFING SCHEDULE MASTER FILE NO. C-01510-WHA sf-2678092 1 Case 3:08-cv-01510-WHA Document 187 Filed 04/29/2009 Page 3 of 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Dated: April 29, 2009 STEVE W. BERMAN REED R. KATHREIN SEAN R. MATT ERIN K. FLORY PETER E. BORKON HAGENS BERMAN SOBOL SHAPIRO LLP By: /s/ Steve W. Berman Attorneys for Lead Plaintiffs and the Proposed Class Dated: April 29, 2009 DARRYL P. RAINS DOROTHY L. FERNANDEZ KIMBERLY L. TAYLOR MORRISON & FOERSTER LLP By: /s/ Dorothy L. Fernandez Attorneys for defendants The Charles Schwab Corporation, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc., Schwab Investments, Charles R. Schwab, Evelyn Dilsaver, Randall W. Merk, George Pereira, Matthew Hastings, Mariann Byerwalter, Donald F. Dorward, William A. Hasler, Robert G. Holmes, Gerald B. Smith, Donald R. Stephens, and Michael W. Wilsey Dated: April 29, 2009 DAVID B. BAYLESS TAMMY ALBARRAN COVINGTON AND BURLING LLP By: /s/ Tammy Albarran Tammy Albarran Attorneys for defendant Kimo n P. Daifotis UNIT ED PURSUANT TO STIPULATION, IT IS SO ORDERED. S ISTRIC ES D TC AT T The Honorable William Alsup R States District C UniteEd N Judge F D IS T IC T O R A STIPULATION & [PROPOSED] ORDER RE: CLASS CERT. BRIEFING SCHEDULE MASTER FILE NO. C-01510-WHA sf-2678092 LI FO May 1 Dated: _______________, 2009 Judge W ls illiam A up R NIA IT IS S O ORD ERED RT U O NO RT H 2 Case 3:08-cv-01510-WHA Document 187 Filed 04/29/2009 Page 4 of 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ATTESTATION OF E-FILED SIGNATURES I, Dorothy L. Fernandez, am the ECF User whose Id and password are being used to file this Stipulation and [Proposed] Order Regarding Class Certification Briefing Schedule Filed Pursuant to Local Rules 6-1 & 6-2. In compliance with General Order 45, X.B., I hereby attest that Steve Berman, counsel for Lead Plaintiffs and the Proposed Class, and Tammy Albarran, counsel for Kimon Daifotis, have concurred in this filing. Dated: April 29, 2009 MORRISON & FOERSTER LLP By: /s/ Dorothy L. Fernandez Dorothy L. Fernandez STIPULATION & [PROPOSED] ORDER RE: CLASS CERT. BRIEFING SCHEDULE MASTER FILE NO. C-01510-WHA sf-2678092 3

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