Zhu v. UCBH Holdings, Inc. et al

Filing 93

ORDER VACATING HEARING AND REQUIRING FURTHER BRIEFING. Signed by Judge Jeffrey S. White on 12/14/09. (jjo, COURT STAFF) (Filed on 12/14/2009) (Additional attachment(s) added on 12/15/2009: # 1 Certificate of Service) (jjo, COURT STAFF).

1 2 3 4 5 6 7 8 9 10 IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA GUOHUA ZHU, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. UCBH HOLDINGS, INC., THOMAS S. WU, and EBRAHIM SHABUDIN, Defendants. HUY TRAN, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. UCBH HOLDINGS, INC., THOMAS S. WU, and CRAIG ON, Defendants. DOMINIQUE DURBIN, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. UCBH HOLDINGS, INC., THOMAS S. WU, and CRAIG ON. Defendants.

United States District Court

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For the Northern District of California

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No. C 09-4208 JSW No. C 09-4429 JSW No. C 09-4449 JSW No. C 09-4513 JSW No. C 09-4505 JSW ORDER VACATING HEARING AND REQUIRING FURTHER BRIEFING

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WATERFORD TOWNSHIP GENERAL EMPLOYEES RETIREMENT SYSTEM, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. UCBH HOLDINGS, INC., THOMAS S. WU, CRAIG ON, and EBRAHIM SHABUDIN, Defendants. DANIEL NYGAARD, WENDY FONG, JAMES ELAM, Individually and On Behalf of All Others Similarly Situated, Plaintiffs, v. UCBH HOLDINGS, INC., THOMAS S. WU, CRAIG ON, and EBRAHIM SHABUDIN, Defendants. /

United States District Court

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For the Northern District of California

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The Court HEREBY VACATES the hearing on the pending motions to appoint lead counsel and select lead plaintiff and will reset the hearing at a later date, if necessary. The Court directs the parties to file a supplemental brief on the issue of whether hearing claims against the individual defendants, separate from the claims against defendant UCBH Holdings, Inc. ("UCBH"), would be in the interests of judicial economy and conserving the parties' resources. The parties shall file such supplemental briefs by no later than December 23, 2009. Moreover, the Court notes that the bankruptcy trustee for UCBH did not respond to the Court's order to show cause. Although this matter is automatically stayed with respect to UCBH, the Court would like to hear UCBH's perspective on whether its interests would be harmed by these actions proceeding against the individual defendants, in addition to UCBH's /// /// /// 2

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opinion on whether hearing claims against the individual defendants and UCBH separately would be in the interests of judicial economy and conserving the parties' resources. IT IS SO ORDERED.

Dated: December 14, 2009

JEFFREY S. WHITE UNITED STATES DISTRICT JUDGE

United States District Court

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For the Northern District of California

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