In re Charles Schwab Corp. Securities Litigation

Filing 798

ORDER GRANTING SCHWAB'S MOTION TO FILE UNDER SEAL by Judge Alsup granting #795 Administrative Motion to File Under Seal (whalc2, COURT STAFF) (Filed on 5/20/2010)

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 [PROPOSED] ORDER GRANTING SCHWAB'S MOTION TO FILE UNDER SEAL Judge: Hon. William H. Alsup

[PROPOSED] ORDER GRANTING SCHWAB'S MOTION TO FILE UNDER SEAL No. 08-cv-01510 WHA sf-2844995

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16

On May 19, 2010, Schwab filed an administrative motion to seal Exhibit D to the Stipulation of Settlement in support of the parties' settlement of the federal claims in this case and Exhibit D to the Stipulation of Settlement in support of the parties' settlement of the state claim in this case. The parties filed these two exhibits with the Court on May 19, 2010. In support of its administrative motion to seal, Schwab filed a declaration attesting to the confidentiality of these exhibits which were filed under seal. The Court finds that Schwab and its customers had a reasonable expectation of privacy regarding the settlement agreements that they entered into and that the information in the Exhibit Ds, related to these settlements, does not go to the merit of the parties' claims in the pending litigation. It is hereby ordered that Exhibit D to the Stipulation of Settlement in support of the parties' settlement of the federal claims in this case and Exhibit D to the Stipulation of Settlement in support of the parties' settlement of the state claim in this case, be SEALED. IT IS SO ORDERED.

18 19 20 21 22 23 24 25 26 27 28

HONORABLE WILLIAM H. ALSUP UNITED STATES DISTRICT COURT JUDGE DERED

UNIT ED

17

May 20 DATED: _________________, 2010

S

S DISTRICT TE C TA

RT U O

ER

N

F D IS T IC T O R

[PROPOSED] ORDER GRANTING SCHWAB'S MOTION TO FILE UNDER SEAL No. 08-cv-01510 WHA sf-2844995

A

C

LI

FO

Judge W

illiam A

lsup

R NIA

IT IS S

O OR

NO

RT

H