In re Charles Schwab Corp. Securities Litigation

Filing 743

ORDER FOR EXPEDITED BRIEFING AND HEARING. Signed by Judge Alsup on May 4, 2010. (whalc2, COURT STAFF) (Filed on 5/4/2010)

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) EUGENE ILLOVSKY (CA SBN 117892) MORRISON & FOERSTER LLP 755 Page Mill Road Palo Alto, California 94304-1018 Telephone: [phone] Facsimile: 650.494.0792 Email: [e-mail] CRAIG D. MARTIN (CA SBN 168195) DOROTHY L. FERNANDEZ (CA SBN 184266) MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: [phone] 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 FOR EXPEDITED BRIEFING AND HEARING Date: Time: Judge: N/A N/A Hon. William H. Alsup

STIPULATION AND [PROPOSED] ORDER FOR EXPEDITED BRIEFING AND HEARING CASE NO. C-08-01510-WHA

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, on May 10, 2010, the parties are scheduled to begin a bench trial on Count IV of plaintiffs' Second Consolidated Amended Complaint for violation of California Business & Professions Code §§ 17200 et seq.; WHEREAS, on May 3, 2010, the individual Schwab defendants are filing an unopposed Motion for Summary Judgment Re Section 17200 Claim ("Motion"), requesting summary judgment in their favor on plaintiffs' section 17200 claim; WHEREAS, under Local Rule 7-2(a) defendants may not notice the Motion to be heard in less than thirty-five days, which would require the hearing to be held after the trial; WHEREAS, the deadline for filing dispositive motions in this case was set by the Court as February 11, 2010; WHEREAS, the parties agree that a decision by the Court on defendants' Motion will likely narrow the issues to be presented at trial; WHEREAS, the Court has ordered various extensions of time in this case, including orders -- extending the time to file responses to complaints, extending the time to file a consolidated complaint, changing the class certification briefing schedule, continuing the date of a settlement conference, and extending the fact and expert discovery deadlines; WHEREAS, this Stipulation for Expedited Briefing and Hearing will have no effect on other proceedings in the case and will not change any Court-ordered deadlines; WHEREAS, the parties have agreed to a schedule for expedited briefing and hearing on the Motion; IT IS HEREBY STIPULATED AND AGREED among the undersigned parties, subject to Court approval, as follows: 1. 2. The individual defendants will file their Motion on May 3, 2010; Plaintiffs will not oppose defendants' Motion;

STIPULATION AND [PROPOSED] ORDER FOR EXPEDITED BRIEFING AND HEARING CASE NO. C-08-01510-WHA

2

1 2 3 4 5 6 7

3.

The Court will hear defendants' Motion on May 10, 2010 at 7:30 a.m., or as soon

thereafter as the Court may order. IT IS SO STIPULATED. Dated: May 3, 2010 DARRYL P. RAINS EUGENE ILLOVSKY CRAIG D. MARTIN DOROTHY L. FERNANDEZ MORRISON & FOERSTER LLP By: /s/ Darryl P. Rains Darryl P. Rains 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: May 3, 2010 DAVID BAYLESS TAMMY ALBARRAN AILEEN WHEELER PAUL WATKINS COVINGTON & BURLING LLP By: /s/ Tammy Albarran Tammy Albarran Attorneys for Defendant Kimon P. Daifotis

8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

STIPULATION AND [PROPOSED] ORDER FOR EXPEDITED BRIEFING AND HEARING CASE NO. C-08-01510-WHA

3

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: May 3, 2010

STEVE W. BERMAN SEAN R. MATT ERIN K. FLORY LISA M. HASSELMAN ROBERT F. LOPEZ REED R. KATHREIN PETER E. BORKON HAGENS BERMAN SOBOL SHAPIRO LLP By: /s/ Sean R. Matt Sean R. Matt Attorneys For Lead Plaintiffs

* IT IS SO ORDERED.

*

*

UNIT ED

4 Dated: May ___, 2010

S

S DISTRICT TE C TA

ER

N

F D IS T IC T O R

A

C

LI

FO

UNITED STATES DISTRICT JUDGE p am Alsu ge Willi Jud

R NIA

ERED O ORD IS S ITWILLIAM H. ALSUP

RT U O

STIPULATION AND [PROPOSED] ORDER FOR EXPEDITED BRIEFING AND HEARING CASE NO. C-08-01510-WHA

NO

RT

H

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

ECF ATTESTATION I, Darryl P. Rains, am the ECF User whose ID and password are being used to file this STIPULATION AND [PROPOSED] ORDER FOR EXPEDITED BRIEFING AND HEARING In compliance with General Order 45, X.B., I hereby attest that Tammy Albarran and Sean R. Matt have concurred in this filing. Dated: May 3, 2010 MORRISON & FOERSTER LLP

By:

/s/ Darryl P. Rains Darryl P. Rains

STIPULATION AND [PROPOSED] ORDER FOR EXPEDITED BRIEFING AND HEARING CASE NO. C-08-01510-WHA

5