Shipway v. Rigel Pharmaceuticals, Inc. et al

Filing 5

ORDER GRANTING STIPULATION TO CONSOLIDATE. Signed by Judge Jeffrey S. White on 3/19/09. (jjo, COURT STAFF) (Filed on 3/19/2009)

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C O O L E Y G O D W A R D K R O N I S H LLP W I L L I A M S. F R E E M A N (82002) ( f r e e m a n w s @ c o o l e y . c o m ) J O H N C. D W Y E R (136533) ( d w y e r j c @ c o o l e y . c o m ) S H A N N O N M. E A G A N (212830) ( s e a g a n @ c o o l e y . c o m ) Five Palo Alto Square 3 0 0 0 EI C a m i n o Real P a l o Alto, C A 9 4 3 0 6 - 2 1 5 5 Telephone: (650) 8 4 3 - 5 0 0 0 Facsimile: [phone] A t t o r n e y s for D e f e n d a n t s R I G E L P H A R M A C E U T I C A L S , INC., J A M E S M. G O W E R , R Y A N D. M A Y N A R D , D O N A L D G. P A Y AN, R A U L R. R O D R I G U E Z , E L L I O T T B. G R O S S B A R D , J E A N D E L E A G E , B R A D F O R D S. G O O D W I N , G A R Y A. L Y O N S , W A L T E R H. M O O S , H O L L I N G S C. R E N T O N , P E T E R S. R I N G R O S E , and S T E P H E N A. S H E R W I N UNITED STATES D I S T R I C T C O U R T

11 N O R T H E R N D I S T R I C T OF C A L I F O R N I A 12 13 14 15 Plaintiff, 16 v. 17 18 19 20 21 22 23 24 Defendants. 25 26 27 28
COOLEY G O D W A R D KRONISII L L P
ATTORNE,¥S AT LAW

INTER-LOCAL PENSION FUND GCC/IBT, O n B e h a l f o f I t s e l f and All Others Similarly Situated"

C a s e No. C V 0 9 - 0 0 5 4 6 J S W CLASS ACTION
S T I P U L A T I O N AND [ P R O P O S E D ] CONSOLIDATION ORDER

J U R Y T R I A L D E M A N D ED R I G E L P H A R M A C E U T I C A L S , INC., J A M E S M. G O W E R , R Y A N D. M A Y N A R D , D O N A L D G. P A Y A N , R A U L R. R O D R I G U E Z , E L L I O T T B. GROSSBARD, JEAN DELEAGE, B R A D F O R D S. G O O D W I N , G A R Y A. L Y O N S , W A L T E R H. M O O S , H O L L I N G S C. R E N T O N , P E T E R S. R I N G R O S E , S T E P H E N A. S H E R W I N , C R E D I T S U I S S E SECURITIES (USA) LLC, T H O M A S W E I S E L P A R T N E R S , LLC, O P P E N H E I M E R & CO. I N C . a n d J E F F E R I E S & C O M P A N Y , INC.,

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S T I P U L A T I O N A N D (PROPOSED) CONSOLIDATION ORDER C A S E N o . C V 09-00546 J S W

R O D N E Y SHIPWAY, Individually and O n B e h a l f o f All O t h e r s S i m i l a r l y S i t u a t e d "

C a s e No. C 0 9 - 0 0 7 6 6 S I

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Plaintiff, 3
v.

4 5 6 7 8 9 10 11 Defendants. 12 13 14 15 16
1.

R I G E L P H A R M A C E U T I C A L S , INC., JAMESM.GOWER,RYAND. M A Y N A R D , D O N A L D G. P A Y A N , R A U L R. RODRIGUEZ, E L L I O T T B. GROSSBARD, JEAN DELEAGE, B R A D F O R D S. GOODWIN, G A R Y A. LYONS, W A L T E R H. MOOS, HOLLINGS C. RENTON, P E T E R S. RINGROSE, STEPHEN A. SHERWIN, CREDIT SUISSE S E C U R I T I E S (USA) LLC, T H O M A S W E I S E L P A R T N E R S , LLC, O P P E N H E I M E R & CO. INC. and J E F F E R I E S & C O M P A N Y , INC.,

Pursuant to FRCivP 16(b), Civil L.R. 16-1 O(b), and Manual for Complex Litigation, Fourth §§ 11.21 and 31.31 (2004), the parties stipulate, and the Court hereby orders, as follows:

C O N S O L I D A T I O N OF R E L A T E D C A S E S
Each o f the actions listed above and o n Exhibit A is related to Inter-Local Pension

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Fund G C C / I E T v. Rigel Pharmaceuticals, Inc., et ai., Civil Case No. C V 09-0546 JSW within the
m e a n i n g o f Civil L.R. 3-12 (a). Pursuant to FRCivP 42(a), these cases are hereby consolidated into Civil A c t i o n No. C V 09-0546 J S W (the "Consolidated Action") for pretrial proceedings before this Court. T h e Consolidated Action shall be captioned: "In re Rigel Pharmaceuticals Inc.

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Securities L i t i g a t i o n . "
2.

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C O O L E Y G O D W ARD

All related actions that are subsequently filed in, o r transferred to, this District

shall be consolidated into the Consolidated Action for pretrial purposes. This Order shall apply to every such related action, absent order o f the Court. A party that objects to such consolidation, or to any other provision o f this Order, must file an application for r e l i e f from this Order within thirty (30) days after the date on which a copy o f the order is mailed to the p a r t y ' s counsel, pursuant to Paragraph 7, infra.

KRONISli L L P
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STIPULATION AND [ P R o P O S E D I CONSOLIDATION O R D E R C A S E N o . C V 09-00546 J S W

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3.

T h i s O r d e r is e n t e r e d w i t h o u t p r e j u d i c e t o t h e r i g h t s o f a n y p a r t y t o a p p l y f o r

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s e v e r a n c e o f a n y c l a i m o r a c t i o n , for g o o d c a u s e s h o w n .

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M A S T E R D O C K E T AND C A P T I O N
4.

T h e d o c k e t in C i v i l A c t i o n No. C V 0 9 - 0 5 4 6 J S W shall c o n s t i t u t e t h e M a s t e r

5

D o c k e t for t h i s a c t i o n . 5. E v e r y p l e a d i n g filed i n t h e C o n s o l i d a t e d A c t i o n s h a l l b e a r t h e f o l l o w i n g c a p t i o n : UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

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7

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COOLEY GODWARD KRONISH

IN R E R I G E L P H A R M A C E U T I C A L S INC. S E C U R I T I E S L I T I G A T I O N .

) ) )

M a s t e r F i l e No. C V 0 9 - 0 5 4 6 J S W

-------------) ) T h i s D o c u m e n t R e l a t e s To: ) )
-------------)

CLASS ACTION

6.

T h e file i n C i v i l A c t i o n N o . C V 0 9 - 0 5 4 6 J S W s h a l l c o n s t i t u t e a M a s t e r F i l e for

e v e r y a c t i o n in t h e c o n s o l i d a t e d a c t i o n . W h e n t h e d o c u m e n t b e i n g f i l e d p e r t a i n s t o a l l a c t i o n s , t h e p h r a s e " A l l A c t i o n s " shall a p p e a r i m m e d i a t e l y a f t e r t h e p h r a s e " T h i s D o c u m e n t s R e l a t e s T o : " . W h e n a p l e a d i n g a p p l i e s o n l y to s o m e , n o t a l l , o f t h e a c t i o n s , t h e d o c u m e n t s h a l l l i s t , i m m e d i a t e l y a f t e r t h e p h r a s e " T h i s D o c u m e n t s R e l a t e s T o : " , t h e d o c k e t n u m b e r f o r e a c h i n d i v i d u a l a c t i o n to w h i c h the d o c u m e n t applies, a l o n g w i t h the last n a m e o f t h e first-listed p l a i n t i f f i n s a i d action (e.g., " N o . C 097. (Doe))."

T h e p a r t i e s shall file a N o t i c e o f R e l a t e d C a s e s p u r s u a n t to Civil L.R. 3 - 1 2 ( b )
Ill,

w h e n e v e r a c a s e t h a t s h o u l d b e c o n s o l i d a t e d into t h e C o n s o l i d a t e d A c t i o n is filed t r a n s f e r r e d to, this District. I f t h e C o u r t d e t e r m i n e s that the c a s e is related, t h e c l e r k shall: (a) (b) (c) (d)
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p l a c e a c o p y o f t h i s O r d e r i n t h e s e p a r a t e file for s u c h a c t i o n ; s e r v e o n p l a i n t i f f ' s c o u n s e l in t h e n e w c a s e a c o p y o f t h i s O r d e r ; direct t h a t this O r d e r b e s e r v e d u p o n d e f e n d a n t s i n t h e n e w case; a n d m a k e t h e a p p r o p r i a t e e n t r y in t h e M a s t e r D o c k e t .
2.
STIPULATION AND [PROPOSED] CONSOLIDATION ORDER C A S E N o . C V 09-00546 J S W

LU'

ATTORNrYS A r LAW PALO Al.TO

LEAD PLAINTIFF'S COUNSEL
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COOLEY GODWARD KRONISH

8.

A f t e r t h e C o u r t has d e s i g n a t e d a L e a d Plaintiff, p u r s u a n t to 15 V . S . c . § 7 8 u -

4 ( a ) ( 3 ) (B), t h e L e a d P l a i n t i f f shall d e s i g n a t e a law f i n n o r f i n n s to s e r v e as Lead P l a i n t i f f s C o u n s e l , p u r s u a n t to 15 U.S.C. § 78u-4(a)(3)(B)(v). L e a d P l a i n t i f f s C o u n s e l shall h a v e a u t h o r i t y to speak for, and e n t e r into a g r e e m e n t s o n b e h a l f of, p l a i n t i f f s in all matters r e g a r d i n g pretrial p r o c e d u r e s , d i s c o v e r y , a n d s e t t l e m e n t negotiations. L e a d P l a i n t i f f s C o u n s e l shall m a n a g e t h e p r o s e c u t i o n o f t h i s l i t i g a t i o n to a v o i d d u p l i c a t i v e o r u n p r o d u c t i v e a c t i v i t i e s . Lead P l a i n t i f f s

C o u n s e l s h a l l b e r e s p o n s i b l e f o r c o o r d i n a t i o n o f all a c t i v i t i e s a n d a p p e a r a n c e s o n b e h a l f o f p l a i n t i f f s a n d f o r d i s s e m i n a t i o n o f n o t i c e s and orders. L e a d P l a i n t i f f s C o u n s e l shall b e

r e s p o n s i b l e for c o m m u n i c a t i o n s w i t h t h e C o u r t . L e a d P l a i n t i f f s C o u n s e l s h a l l m a i n t a i n a m a s t e r s e r v i c e l i s t o f all p a r t i e s a n d c o u n s e l .
9.

D e f e n d a n t s ' counsel m a y r e l y u p o n a g r e e m e n t s m a d e w i t h Lead P l a i n t i f f s

C o u n s e l . S u c h a g r e e m e n t s s h a l l b e b i n d i n g o n all p l a i n t i f f s . 10. A n y c o u n s e l o f r e c o r d for a p a r t y in the C o n s o l i d a t e d A c t i o n w h o is n o t a m e m b e r

o f the B a r o f this D i s t r i c t is h e r e b y a d m i t t e d to p r a c t i c e p r o hac vice in this action.

P L E A D I N G S AND M O T I O N S
11.
D e f e n d a n t s are n o t required to r e s p o n d to the c o m p l a i n t in any action c o n s o l i d a t e d

i n t o t h e C o n s o l i d a t e d A c t i o n , o t h e r t h a n a c o n s o l i d a t e d c o m p l a i n t o r a c o m p l a i n t d e s i g n a t e d as the operative complaint. 12. L e a d P l a i n t i f f s h a l l file a c o n s o l i d a t e d c o m p l a i n t w i t h i n f o r t y - f i v e (45) d a y s a f t e r

filing the o r d e r d e s i g n a t i n g t h e L e a d P l a i n t i f f and Lead P l a i n t i f f s C o u n s e l , unless o t h e r w i s e a g r e e d u p o n b y t h e parties. T h e c o n s o l i d a t e d c o m p l a i n t shall b e t h e o p e r a t i v e c o m p l a i n t and shall s u p e r s e d e all c o m p l a i n t s f i l e d i n a n y o f t h e a c t i o n s c o n s o l i d a t e d h e r e i n . 13. D e f e n d a n t s s h a l l r e s p o n d to t h e c o n s o l i d a t e d c o m p l a i n t w i t h i n f o r t y - f i v e ( 4 5 ) d a y s

a f t e r s e r v i c e , u n l e s s o t h e r w i s e a g r e e d u p o n b y t h e p a r t i e s . I f d e f e n d a n t s file a n y m o t i o n s d i r e c t e d a t t h e c o n s o l i d a t e d c o m p l a i n t , t h e o p p o s i t i o n b r i e f s h a l l b e filed w i t h i n f o r t y - f i v e ( 4 5 ) d a y s o f t h e f i l i n g o f t h a t m o t i o n a n d t h e r e p l y b r i e f shall b e filed w i t h i n t w e n t y ( 2 0 ) d a y s o f t h e f i l i n g o f t h e o p p o s i t i o n brief, u n l e s s o t h e r w i s e a g r e e d u p o n b y t h e parties.
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ATIORNF't":-; A T L A W P .... I.O A I . T O

3.

S T I P U L A T I O N AND [PROPOSED) CONSOLIDATION ORDER C A S E N o . C V 09-00546 J S W

14. 2 3 4 5 6 7 8

T h e parties shall serve all papers o n each o t h e r b y h a n d , b y ove r nigh t delivery, o r

( b y p r i o r a g r e e m e n t ) b y e l e c t r o n i c mail o r facsimile, u n l e s s o t h e r w i s e a g r e e d u p o n b y t h e parties. N o t w i t h s t a n d i n g the foregoing, d e f e n d a n t s m a y serve p l a i n t i f f s ' c o u n s e l , o t h e r than Lead P l a i n t i f f s C o u n s e l , b y first-class mail, u n l e s s o t h e r w i s e a g r e e d u p o n b y t h e parties. Dated: M a r c h 18, 2 0 0 9 C O O L E Y G O D W A R D K R O N I S H LLP W I L L I A M S. F R E E M A N (82002) J O H N C. D W Y E R (136533) S H A N N O N M. E A G A N ( 212830)

lsi
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W i l l i a m S. Freeman (82002) A t t o r n e y s for D e f e n d a n t s R I G E L P H A R M A C E U T I C A L S , INC., J A M E S M. G O W E R , R Y A N D. M A Y N A R D , D O N A L D G. P A Y AN, R A U L R. R O D R I G U E Z , E L L I O T T B. G R O S S B A R D , J E A N D E L E A G E , B R A D F O R D S. G O O D W I N , G A R Y A. L Y O N S , W A L T E R H. M O O S , H O L L I N G S C. R E N T O N , P E T E R S. R I N G R O S E , and S T E P H E N A. S H E R W I N Dated: M a r c h 18, 2009 COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP C H R I S T O P H E R P. S E E F E R (201197) D A N I E L J. P F E F F E R B A U M (248631) D A R R E N J. R O B B I N S ( 168593) M A T T H E W P. M O N T G O M E R Y (180196)

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C h r i s t o p h e r P. Seefer ( 201197) Attorneys For P l a i n t i f f I N T E R - L O C A L PENSION F U N D GCCIIBT

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PAl.O ALTO

STIPULATION AND [PROPOSED] CONSOLIDATION ORDER C A S E N o . C V 09-00546 J S W

Dated: March 18, 2009

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B A R R O W AY T O P A Z KESSLER M E L T Z E R & C H E C K , LLP ALAN R. PLUTZIK (077758) L . T I M O T H Y F I S H E R (191626)

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Alan R. Plutzik (077758) Attorneys For P l a i n t i f f RODNEY SHIPWAY Dated: March 18, 2009 MILBANK, TWEED, HADLEY & MCCLOY LLP JERRY L. MARKS (135395) PAUL M. TORRES (240590) ELIZABETH R. KOENIG (255756)

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Jerry L. Marks (135395) Attorneys for Defendants C R E D I T S U I S S E S E C U R I T I E S ( U S A ) LLC, T H O M A S WEISEL PARTNERS, LLC, OPPENHEIMER & CO. I N e . and JEFFERIES & COMPANY, INC.

ATTESTATION PURSUANT TO GENERAL ORDER 45
I, William S. Freeman, am the ECF User whose ID and password are b e i n g used to file this Stipulation and [Proposed] Consolidation Order. In compliance with General Order 45.X.B., I hereby attest that concurrence in the filing o f this document has been obtained from each o f the o t h e r signatories. I d e c l a r e u n d e r p e n a l t y o f p e r j u r y u n d e r t h e laws o f t h e U n i t e d States o f

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America that the foregoing is true and correct. Executed this 18th day o f March, 2009, at Palo Alto, C a l i f o r n i a .

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COOLEYGODWARD KRONISH L L P
ATTORNI'YS AT LAW
PALO ALTO

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William S. Freeman (82002)

THE FOREGOING STIPULATION IS APPROVED AND IS SO ORDERED.
Dated: March 19, 2009 U n i t e d States District J u d g e
S T I P U L A T I O N A N D [PROPOSED) CONSOLIDATION ORDER C A S E N o . C V 09-00546 J S W

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1

EXHIBIT A R e l a t e d Cases

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3 4 5 6
7 8

Inter-Local Pension Fund G C C / I B T

v.

Rigel Pharmaceuticals, Inc., James M Gower,

Ryan D. Maynard. Donald G. Payan, Raul R. Rodriguez, Elliott B. Grossbard, Jean Deleage, Bradford S. Goodwin, Gary A. Lyons, Walter H. Moos, Hollings C. Renton, Peter S. Ringrose, Stephen A. Sherwin, Credit Suisse Securities (USA) LLC, Thomas Weisel Partners. LLC, Oppenheimer & Co. Inc. and Jefferies & Company, Inc., filed i n the United States District Court
for the Northern District o f California on February 6, 2009, Case No. CV 09-0546 JSW; and

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11

Rodney Shipway

v.

Rigel Pharmaceuticals, Inc., James M. Gower, Ryan D. Maynard,

Donald G. Payan, Raul R. Rodriguez, Elliott B. Grossbard, Jean Deleage, Bradford S. Goodwin, Gary A. Lyons. Walter H. Moos. Hollings C. Renton. Peter S. Ringrose, Stephen A. Sherwin, Credit Suisse Securities (USA) LLC, Thomas Weisel Partners, LLC, Oppenheimer & Co. Inc. a n d Jefferies & Company, Inc., filed in the United States District Court for the Northern District o f
California on February 2 0 , 2 0 0 9 , Case No. C 09-00766 SI.

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STIPULATION AND [PROPOSWj CONSOLIDATION ORDER C A S E N o . C V 09-00546 J S W