In re Charles Schwab Corp. Securities Litigation

Filing 218

STIPULATION AND ORDER REGARDING SETTLEMENT CONFERENCE. Settlement Conference prev. set for 7/30/9 at 9:30 AM has been rescheduled for 9/16/2009 at 09:30 AM. Signed by Judge Joseph C. Spero on 6/15/9. (klh, COURT STAFF) (Filed on 6/15/2009)

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Reed R. Kathrein (139304) Peter E. Borkon (212596) HAGENS BERMAN SOBOL SHAPIRO LLP 715 Hearst Avenue, Suite 202 Berkeley, CA 94710 Telephone: [phone] Facsimile: [phone] [e-mail] [e-mail] Steve W. Berman (Pro Hac Vice) Sean R. Matt (Pro Hac Vice) Erin K. Flory (Pro Hac Vice) HAGENS BERMAN SOBOL SHAPIRO LLP 1301 Fifth Avenue, Suite 2900 Seattle, Washington 98101 Telephone: [phone] Facsimile: [phone] [e-mail] [e-mail] [e-mail] Attorneys for Lead Plaintiff YieldPlus Investor Group

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION IN RE SCHWAB CORP. SECURITIES LITIGATION THIS DOCUMENT RELATES TO: All Actions No. 08-cv-01510 WHA

STIPULATION AND [PROPOSED] ORDER REGARDING SETTLEMENT CONFERENCE FILED PURSUANT TO CIVIL LOCAL RULES 6-1 & 6-2

STIPULATION & [PROPOSED] ORDER REGARDING SETTLEMENT CONFERENCE - 08-cv-01510 WHA
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WHEREAS, on January 28, 2009, the Court issued an Order referring this matter to Magistrate Judge Joseph C. Spero for mediation/settlement (Docket No. 161); WHEREAS, on February 2, 2009, Judge Spero issued an Order scheduling a settlement conference in this matter for July 30, 2009, at 9:30 a.m. (Docket No. 163); WHEREAS, the parties have recently commenced discovery, and given the volume of relevant information sought, both sides would like the benefit of having reviewed this discovery before engaging in the Settlement Conference and believe that, at this early stage and without the benefit of additional discovery, mediation efforts will not prove fruitful; WHEREAS, Defendants very recently produced data on the YieldPlus Fund's monthly holdings, which consisted of hundreds-of-thousands of pages of documents, and Defendants anticipate a substantial additional production of documents shortly, and Plaintiffs and their experts will need sufficient time to review this material and prepare for a mediation; WHEREAS, the parties believe an extension of the Settlement Conference until September 16, 2009, at 9:30 a.m. will better enable the parties to evaluate the case for settlement purposes; IT IS HEREBY STIPULATED AND AGREED among the undersigned parties, subject to Court approval, as follows: 1. The Settlement Conference date shall be changed from July 30, 2009, at 9:30 a.m. to

September 16, 2009, at 9:00 a.m.; 2. On or before September 2, 2009, the parties shall submit mediation statements to

chambers only; and 3. All other terms of Judge Spero's Order remain the same.

IT IS SO STIPULATED.

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Dated: June 10, 2009

STEVE W. BERMAN SEAN R. MATT ERIN K. FLORY REED R. KATHREIN PETER E. BORKON HAGENS BERMAN SOBOL SHAPIRO LLP By: /s/ Steve W. Berman Steve W. Berman

Attorneys for Lead Plaintiffs and the Proposed Class Dated: June 10, 2009 DARRYL P. RAINS CRAIG D. MARTIN DOROTHY L. FERNANDEZ KIMBERLY L. TAYLOR MORRISON & FOERSTER LLP By: s/ Dorothy L. Fernandez 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: June 10, 2009 DAVID B. BAYLESS TAMMY ALBARRAN COVINGTON AND BURLING LLP By: s/ Tammy Albarran Tammy Albarran

Attorneys for defendant Kimon P. Daifotis PURSUANT TO STIPULATION, IT IS SO ORDERED.
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ATTESTATION OF E-FILED SIGNATURES I, Steve W. Berman, am the ECF User whose Id and password are being used to file this Stipulation and [Proposed] Order Regarding Settlement Conference Filed Pursuant To Civil Local Rules 6-1 & 6-2. In compliance with General Order 45, X.B., I hereby attest that Dorothy L. Fernandez, counsel for 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, and Tammy Albarran, counsel for Kimon Daifotis, have concurred in this filing. Dated: June 10, 2009 /s/ Steve W. Berman STEVE W. BERMAN

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