Zhu v. UCBH Holdings, Inc. et al

Filing 11

ORDER GRANTING (9 in 3:09-cv-04513-JSW) (8 in 3:09-cv-04429-JSW) (9 in 3:09-cv-04492-JSW) Stipulation EXTENDING TIME TO RESPOND TO COMPLAINTS. Signed by Judge Jeffrey S. White on 10/22/09. (jjo, COURT STAFF) (Filed on 10/22/2009)

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JORDAN ETH (CA SBN 121617) [e-mail] ANNA ERICKSON WHITE (CA SBN 161385) [e-mail] CRAIG D. MARTIN (CA SBN 168195) [e-mail] MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: [phone] Facsimile: 415.268.7522 Attorneys for Defendant UCBH Holdings, Inc. UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION

GUOHUA ZHU, Individually and On Behalf of All Others Similarly Situated, Plaintiff,

Case No.

CV 09-04208-JSW

CLASS ACTION vs. STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS

15 16 17 18 19 20 21 22 23 24 Defendants. 25 26 27 28 vs. UCBH HOLDINGS, INC., THOMAS S. WU, and CRAIG ON, HUY TRAN, Individually and On Behalf of All Others Similarly Situated, Plaintiff, UCBH HOLDINGS, INC., THOMAS S. WU, and EBRAHIM SHABUDIN, Defendants.

Case No.

CV 09-04429-JSW (Related Case)

STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203

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SALVADOR PEREZ, Individually and On Behalf of All Others Similarly Situated, Plaintiff,

Case No.

CV 09-04492-JSW (Related Case)

3 vs. 4 5 6 7 8 9 10 11 12 13 14 Defendants. 15 16 17 18 19 20 21 22 23 24 25 26 27 28
STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203

UCBH HOLDINGS, INC., THOMAS S. WU, EBRAHIM SHABUDIN, CRAIG S. ON, MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED, BANK OF AMERICA CORPORATION and SANDLER O'NEILL + PARTNERS, L.P., Defendants. DOMINIQUE DURBIN, Individually and On Behalf of All Others Similarly Situated, Plaintiff, vs. UCBH HOLDINGS, INC., THOMAS S. WU, and CRAIG ON, Case No. CV 09-04513-JSW (Related Case)

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WHEREAS, on September 11, 2009, plaintiff Guohua Zhu filed a complaint that asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Action of 1934 (the "Exchange Act") on behalf of a purported class ("Zhu"); WHEREAS, on September 21, 2009, plaintiff Huy Tran filed a complaint that asserts claims under Sections 10(b) and 20(a) of the Exchange Act on behalf of a purported class ("Tran"); WHEREAS, on September 22, 2009, plaintiff Salvador Perez filed a complaint that asserts claims under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Exchange Act on behalf of a purported class ("Perez"); WHEREAS, on September 24, 2009, plaintiff Dominique Durbin filed a complaint that asserts claims under Sections 10(b) and 20(a) of the Exchange Act on behalf of a purported class ("Durbin"); WHEREAS, on September 30, 2009, this Court granted Motions to Relate Cases to Zhu thereby finding that the Zhu, Tran, Durbin and Perez actions were related (the "Related Cases"); WHEREAS, there have been two other complaints (listed below) filed since September 22, 2009, involving substantially the same claims and overlapping parties as found in the Related Cases, and those actions are also pending in the United States District Courts for the Northern District of California: Waterford v. UCBH Holdings, Inc. et al (3:09-cv-04449-MHP), filed September 22, 2009 ("Waterford"); and Nygaard v. UCBH Holdings, Inc. et al (3:09-cv-04505-VRW), filed September 23, 2009 ("Nygaard"); WHEREAS, motions to consolidate the Related Cases and the other actions into a single action and to appoint a lead plaintiff are expected to be filed; WHEREAS, the parties understand that the lead plaintiff in these actions will file a consolidated complaint; WHEREAS, the parties agree that defendants should respond to the consolidated complaint filed by lead plaintiff and not to the individual complaints; and
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WHEREAS, the parties have agreed to a schedule that extends defendants' time to respond to the individual complaints until after a consolidated complaint has been filed. IT IS HEREBY STIPULATED AND AGREED among the undersigned parties as follows: 1. Defendants shall not be required to answer or otherwise respond to the Zhu

complaint or the related actions; and 2. Defendants shall answer or otherwise respond to a consolidated complaint on a

schedule to be agreed upon with the lead plaintiff, or set by the Court. SO STIPULATED. Dated: October 19, 2009 JORDAN ETH ANNA ERICKSON WHITE CRAIG MARTIN MORRISON & FOERSTER LLP

By: /s/ Anna Erickson White Anna Erickson White Attorneys for Defendant UCBH Holdings, Inc. Dated: October 19, 2009 TIMOTHY P. CRUDO [e-mail] Latham & Watkins LLP 505 Montgomery Street, Suite 2000 San Francisco, CA 94111 Tel.: [phone] Fax: [phone] By: /s/ Timothy P. Crudo Timothy P. Crudo Attorney for Defendant Thomas Wu

STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203

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1 Dated: October 19, 2009 2 3 4 5 6 7 8 9 10 11 12 13 Attorney for Defendant Ebrahim Shabudin 14 Dated: October 19, 2009 15 16 17 18 19 20 21 22 23 24 25 26 27 28
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NANCI CLARENCE [e-mail] Clarence & Dyer LLP 899 Ellis Street San Francisco, CA 94109 Tel.: [phone] Fax: [phone] By: /s/ Nanci Clarence Nanci Clarence Attorney for Defendant Craig On

Dated: October 19, 2009

JAMES A. LASSART [e-mail] Ropers Majeski Kohn Bentley 201 Spear Street, Suite 1000 San Francisco, CA 94105 Tel.: [phone] Fax: [phone] By: /s/ James A. Lassart James A. Lassart

LAURENCE M. ROSEN [e-mail] The Rosen Law Firm, P.A. 333 South Grand Avenue 25th Floor Los Angeles, CA 90071 Tel.: [phone] Fax: [phone] PHILLIP P. KIM [e-mail] The Rosen Law Firm, P.A. 350 5th Avenue Suite 5508 New York, NY 10118 Tel: [phone] Fax: [phone] By: /s/ Laurence M. Rosen Laurence M. Rosen Attorneys for Plaintiff Guohua Zhu

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Dated: October 19, 2009

ERIK D. PETERSON RAMZI ABADOU [e-mail] [e-mail] Barroway Topaz Kessler Meltzer Check, LLP 580 California Street Suite 1750 San Francisco, CA 94104 Tel.: [phone] Fax: [phone] By: /s/ Erik D. Peterson Erik D. Peterson Attorneys for Plaintiff Salvador Perez

Dated: October 19, 2009 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27

MICHAEL M. GOLDBERG LIONEL Z. GLANCY [e-mail] Glancy Binkow & Goldberg LLP 1801 Avenue of the Stars, Suite 311 Los Angeles, CA 90067 Tel.: [phone] Fax: [phone] By: /s/ Michael M. Goldberg Michael M. Goldberg Howard G. Smith Law Offices Of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, PA 19020 Telephone: [phone] Facsimile: [phone] Attorneys for Plaintiffs Dominique Durbin and Huy Tran Ira M. Press Kirby McInerney LLP 825 Third Ave, 16th Floor New York, NY 10022 Telephone: [phone] Facsimile: [phone] Brian P. Murray Murray, Frank & Sailer LLP 275 Madison Avenue, Suite 801 New York, New York 10016 Telephone: [phone] Facsimile: [phone] Attorneys for Plaintiff Dominique Durbin

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PURSUANT TO STIPULATION, IT IS SO ORDERED.

October 22 Dated: _______________, 2009
The Honorable Jeffrey S. White United States District Judge

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