Zhu v. UCBH Holdings, Inc. et al

Filing 142

ORDER GRANTING AS MODIFIED 141 Stipulation Extending Time to File Responsive Pleading to the Consolidated Amended Complaint and Adjusting Related Deadlines: Case Management Statement due by 3/11/2011. Case Management Conference set for 3/18/2011 01:30 PM in Courtroom 11, 19th Floor, San Francisco. Motion Hearing set for 2/18/2011 09:00 AM in Courtroom 11, 19th Floor, San Francisco.. Signed by Judge JEFFREY S. WHITE on 10/5/10. (jjoS, COURT STAFF) (Filed on 10/5/2010)

Zhu v. UCBH Holdings, Inc. et al

Doc. 142

Case3:09-cv-04208-JSW Document141

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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, 32nd Floor San Francisco, California 94105-2482 Telephone: [phone] Facsimile: 415.268.7522 Attorneys for Individual Defendant Craig S. On, Dennis Wu; Robert Nagel; John M. Kerr; Daniel M. Gautsch; Douglas Mitchell; Burton D. Thompson; Joseph J. Jou; Pin Pin Chau; Li-Lin Ko; Godwin Wong; David Ng; Daniel P. Riley; and Richard Li-Chung Wang UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION

KYUNG CHO; REX DECHAKUL; AND DAVID HWANG; INDIVIDUALLY AND ON BEHALF OF ALL OTHERS SIMILARLY SITUATED, Plaintiffs, v. UCBH HOLDINGS, INC.; THOMAS S. WU; EBRAHIM SHABUDIN; CRAIG ON; DENNIS WU; ROBERT NAGEL; JOHN M. KERR; DANIEL M. GAUTSCH; DOUGLAS MITCHELL; BURTON D. THOMPSON; JOHN CINDEREY; JOSEPH J. JOU; PIN PIN CHAU; LI-LIN KO; JAMES KWOK; QINGYUAN WAN; GODWIN WONG; DAVID NG; DANIEL P. RILEY; and RICHARD LI-CHUNG WANG, Defendants.

Master Case No. (Consolidated) CLASS ACTION

CV-09-4208-JSW

STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO FILE RESPONSIVE PLEADING TO THE CONSOLIDATED AMENDED COMPLAINT AND ADJUSTING RELATED DEADLINES Judge: Hon. Jeffery S. White Courtroom: 11, 19th Floor

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STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO FILE RESPONSIVE PLEADING TO THE CONSOLIDATED AMENDED COMPLT. AND ADJUSTING RELATED DEADLINES Case No. CV 09-04208 JSW sf-2899376

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Case3:09-cv-04208-JSW Document141

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WHEREAS, on August 10, 2010, Lead Plaintiff Kyung Cho, Rex Dechakul, and David Hwang, (collectively, "Plaintiffs") filed the Consolidated Amended Complaint for Violations of the Federal Securities Laws (the "Amended Complaint"); WHEREAS, the joint stipulation and Court order entered on May 17, 2010 provided that Defendants Thomas S. Wu, Ebrahim Shabudin, and Craig On would file a responsive pleading by October 11, 2010, but did not establish a briefing schedule or hearing date; WHEREAS, the May 17, 2010 joint stipulation and order also set a case management conference for January 7, 2011; WHEREAS, besides Defendants Thomas S. Wu, Ebrahim Shabudin, and Craig On, who were identified in the initial complaint, the Amended Complaint named fifteen additional individual defendants; WHEREAS, certain individual defendants are in the process of moving in the United States Bankruptcy Court, Northern District of California, San Francisco Division (case no. 0933701 (TEC) ("Bankruptcy Court") for access to insurance proceeds for payment of defense costs and a hearing is scheduled for October 4, 2010; WHEREAS, Plaintiffs and Defendants Thomas S. Wu, Ebrahim Shabudin, Craig On, Dennis Wu; Robert Nagel; John M. Kerr; Daniel M. Gautsch; Douglas Mitchell; Burton D. Thompson; Joseph J. Jou; Pin Pin Chau; Li-Lin Ko; James Kwok; Godwin Wong; David Ng; Daniel P. Riley; and Richard Li-Chung Wang (collectively "Defendants") wish to prevent the unnecessary expenditure of Court and party resources while certain individual defendants are moving the Bankruptcy Court for access to insurance to proceeds; WHEREAS, Defendants' counsel has conferred with counsel for E. Lynn Schoenmann, Chapter 7 Trustee of UCBH Holdings, Inc., and the Trustee does not object to this Stipulation; Accordingly, subject to Court approval, IT IS HEREBY STIPULATED AND AGREED among the undersigned parties as follows: 1. Defendants shall respond to the Amended Complaint on or before November 19, 2010;

STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO FILE RESPONSIVE PLEADING TO THE CONSOLIDATED AMENDED COMPLT. AND ADJUSTING RELATED DEADLINES Case No. CV 09-04208 JSW sf-2899376

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2.

3. 4.

In the event any of the defendants respond to the Amended Complaint by motion, January 7, Plaintiffs' opposition shall be filed on or before January 21, 2011; January 28, Defendants shall file any reply papers on or before March 7, 2011; February 18 The hearing on any motions filed shall be on March 25, 2011 at 9:00 a.m., or at such time thereafter that is convenient to the Court;

5.

The case management conference scheduled for January 7, 2011 at 1:30 p.m., shall be March 18 rescheduled to May 20, 2011 at 1:30 p.m., or at such time thereafter that is convenient to the Court; and

6.

The parties shall file a Joint Case Management Conference Statement one week prior to the conference.

Dated: September 29, 2010

JORDAN ETH ANNA ERICKSON WHITE CRAIG D. MARTIN MORRISON & FOERSTER LLP

By:

/s/ Anna Erickson White ANNA ERICKSON WHITE Attorneys for Individual Defendants Craig S. On, Dennis Wu; Robert Nagel; John M. Kerr; Daniel M. Gautsch; Douglas Mitchell; Burton D. Thompson; Joseph J. Jou; Pin Pin Chau; Li-Lin Ko; Godwin Wong; David Ng; Daniel P. Riley; and Richard Li-Chung Wang

Dated: September 27, 2010

LAURENCE M. ROSEN (SBN # 219683) and PHILLIP KIM (pro hac vice) THE ROSEN LAW FIRM, P.A.

By:

/s/ Phillip Kim PHILLIP KIM

Lead Counsel for Lead Plaintiff Kyung Cho

STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO FILE RESPONSIVE PLEADING TO THE CONSOLIDATED AMENDED COMPLT. AND ADJUSTING RELATED DEADLINES Case No. CV 09-04208 JSW sf-2899376

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Dated: September 27, 2010

TIMOTHY P. CRUDO LATHAM & WATKINS LLP

By:

/s/ Timothy P. Crudo TIMOTHY P. CRUDO Attorney for Defendant Thomas S. Wu

Dated: September 27, 2010

JAMES A. LASSART ROPERS, MAJESKI, KOHN & BENTLEY

By:

/s/ James A. Lassart JAMES A. LASSART Attorney for Defendant Ebrahim Shabudin

PURSUANT TO STIPULATION, IT IS SO ORDERED.AS MODIFIED, IT IS SO ORDERED.

October 5, 2010 Dated: _______________, 2009
HONORABLE JEFFREY S. WHITE UNITED STATES DISTRICT JUDGE

STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO FILE RESPONSIVE PLEADING TO THE CONSOLIDATED AMENDED COMPLT. AND ADJUSTING RELATED DEADLINES Case No. CV 09-04208 JSW sf-2899376

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