In re Charles Schwab Corp. Securities Litigation

Filing 964

ORDER TO SHOW CAUSE by Judge Alsup granting #960 Motion for Order to Show Cause (whalc2, COURT STAFF) (Filed on 12/21/2010)

In re Charles Schwab Corp. Securities Litigation

Doc. 964

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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) Lisa M. Hasselman (Pro Hac Vice) Robert F. Lopez (Pro Hac Vice) HAGENS BERMAN SOBOL SHAPIRO LLP 1918 Eighth Avenue, Suite 3300 Seattle, Washington 98101 Telephone: [phone] Facsimile: [phone] [e-mail] [e-mail] [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 CHARLES SCHWAB CORP. SECURITIES LITIGATION THIS DOCUMENT RELATES TO: All Actions No. 08-cv-01510 WHA

[PROPOSED] ORDER TO SHOW CAUSE Date Action Filed: March 18, 2008

010036-12 414773 v1

Dockets.Justia.com

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Before the Court is the parties' Joint Administrative Motion for an Order to Show Cause (the "Motion") pertaining to certain non-responding intermediary broker-dealers. The Court finds that the broker-dealers identified below were provided a copy of this Court's Order Amending Proposed Settlements and Directing the Settlement Notice be Provided to Intermediary Account Class Members (Dkt. No. 858) and failed to produce the information specified in the Order: Count 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 Name of Broker-Dealer Alaska Trust Company Atwell & Co Barclays Capital Inc. Ferris Baker Watts Inc. Fiserv FTC & Co. Lehman Brothers Inc. Marshall & Ilsey Bank MCHC Service Corporation Ret. Plan MG Capital Trust Co. Mid Atlantic Capital Corporation Morgan Keegan & Co., Inc. Morgan Stanley Smith Barney LLC (also sometimes designated as MS & Co. Inc.) National Investor Services Corp. PrimeVest Financial Services Inc. Prudential Investment Management Services Reliance Trust Company Stern, Agee & Leech Inc. TD Ameritrade Union Bank of California US Trust Company of New York Wachovia Bank NA Wells Fargo Bank Wilmington Trust Company

The foregoing brokers are ordered to appear and demonstrate, if they can, why they should not be sanctioned for failing to abide by the Court's Order. They may file a responsive brief in this 30, Court no later than December 29, 2010, at noon and serve it on all parties by the same date and time.
[PROPOSED] ORDER TO SHOW CAUSE 08-cv-01510 WHA 010036-12 414773 v1

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The parties may file any replies thereto on or before January 4, 2011, at noon. 3, 2011. A hearing to consider the responses and to determine whether the foregoing broker-dealers should be sanctioned and, if so, the nature of the sanction, is scheduled for January 4, 2011 at __p.m. 5, 2011, at 2 a.m./p.m. The parties are directed to serve this order on the foregoing broker-dealers.

December 21, 2010. DATED: _____________________ THE HONORABLE WILLIAM ALSUP UNITED STATES DISTRICT JUDGE Submitted by: HAGENS BERMAN SOBOL SHAPIRO LLP s/ Steve W. Berman Steve W. Berman Sean R. Matt 1918 8th Avenue, Suite 3300 Seattle, Washington 98101 Telephone: [phone] Facsimile: [phone] [e-mail] Counsel for Lead Plaintiffs and the Class By

[PROPOSED] ORDER TO SHOW CAUSE 08-cv-01510 WHA 010036-12 414773 v1

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