Cao v. SunPower Corporation et al

Filing 12

STIPULATION AND ORDER EXTENDING TIME TO RESPOND TO COMPLAINT. Signed by Magistrate Judge Bernard Zimmerman on 12/18/2009. (bzsec, COURT STAFF) (Filed on 12/18/2009)

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1 2 3 4 5 6 7 8 JORDAN ETH (BAR NO. 121617) JUDSON E. LOBDELL (BAR NO. 146041) MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: (415) 268-7000 Facsimile: (415) 268-7522 Attorneys for Defendants SUNPOWER CORPORATION, THOMAS H. WERNER, DENNIS V. ARRIOLA, EMMANUEL T. HERNANDEZ, AND MARTY T. NEESE UNITED STATES DISTRICT COURT 9 NORTHERN DISTRICT OF CALIFORNIA 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT sf-2778316 HARRY W. PLICHTA, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. SUNPOWER CORPORATION, THOMAS H. WERNER, and DENNIS V. ARRIOLA, Defendants. STEVEN PARRISH, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. SUNPOWER CORPORATION, THOMAS H. WERNER, and DENNIS V. ARRIOLA, Defendants. Case No.: CV-09-05473 CRB CLASS ACTION Case No.: CV-09-05520 CRB CLASS ACTION 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 CHENGXIAO CAO, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. SUNPOWER CORPORATION, PRICEWATERHOUSECOOPERS LLP, THOMAS H. WERNER, DENNIS V. ARRIOLA, EMMANUEL T. HERNANDEZ, and MARTY T. NEESE, Defendants. Case No.: CV-09-05488 BZ CLASS ACTION STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT WHEREAS, the above-captioned actions are securities class action lawsuits, governed by the Private Securities Litigation Reform Act of 1995, against SunPower Corporation ("SunPower"), certain of its officers, and PricewaterhouseCoopers LLP (collectively "Defendants"); WHEREAS, these three actions are related cases within the meaning of Northern District of California Civil Local Rule 3-12; WHEREAS, the parties expect the actions will be consolidated pursuant to Federal Rule of Civil Procedure 42(a); WHEREAS, the Court is expected to designate a Lead Plaintiff, who shall designate a law firm or law firms to serve as Lead Plaintiff's counsel pursuant to 15 U.S.C. 77aa(a)(3)(B)(v) and/or 5 U.S.C. 78u-4(a)(3)(B)(v); WHEREAS, the designated Lead Plaintiff will file a Consolidated Complaint for the consolidated action, which will become the operative complaint and shall supersede all complaints previously filed in these actions; WHEREAS, it would be duplicative and a waste of judicial resources for Defendants to respond to the individual complaints previously filed in these actions before Lead Plaintiff files a Consolidated Complaint. /// STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT sf-2778316 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 /// /// /// IT IS HEREBY STIPULATED AND AGREED among the undersigned parties as follows: 1. Defendants' undersigned counsel hereby accept service of the Complaints filed herein on behalf of Defendants; 2. Defendants shall not be required to answer or otherwise respond to the individual complaints previously filed in these actions; 3. Defendants shall answer or otherwise respond to a Consolidated Complaint after meeting and conferring with Lead Plaintiff regarding scheduling, or as ordered by the Court. SO STIPULATED. Dated: December 17, 2009 MORRISON & FOERSTER LLP JORDAN ETH JUDSON E. LOBDELL 425 Market Street San Francisco, CA 94105 By: /s/ Jordan Eth JORDAN ETH Counsel for Defendants SunPower Corp., Thomas H. Werner, Dennis V. Arriola, Emmanuel T. Hernandez and Marty T. Neese LATHAM & WATKINS LLP MATTHEW RAWLINSON MILES RUTHBERG 140 Scott Drive Menlo Park, CA 94025 By: /s/ Matthew Rawlinson MATTHEW RAWLINSON Counsel for Defendant PricewaterhouseCoopers LLP STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT sf-2778316 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 /// /// COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP SHAWN A. WILLIAMS 100 Pine Street, Suite 2600 San Francisco, CA 94111 DARREN J. ROBBINS DAVID C. WALTON CATHERINE J. KOWALEWSKI 655 West Broadway, Suite 1900 San Diego, CA 92101 By: /s/ Catherine J. Kowalewski CATHERINE J. KOWALEWSKI Counsel for Plaintiff Harry W. Plichta GLANCY BINKOW & GOLDBERG LLP LIONEL Z. GLANCY MICHAEL GOLDBERG 1801 Avenue Of The Stars, Suite 311 Los Angeles, CA 90067 By: /s/ Michael Goldberg MICHAEL GOLDBERG Counsel for Plaintiff Steven Parrish KAHN SWICK & FOTI, LLC LEWIS S. KAHN 650 Poydras Street, Suite 2150 New Orleans, LA 70130 HAGENS BERMAN SOBOL SHAPIRO LLP REED R. KATHREIN PETER E. BORKON 715 Hearst Avenue, Suite 202 Berkeley, CA 94710 By: /s/ Lewis S. Kahn LEWIS S. KAHN Counsel for Plaintiff Chengxiao Cao STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT sf-2778316 3 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 * * * PURSUANT TO STIPULATION, IT IS SO ORDERED. December 18, 2009 Date: __________________ UNITED STATES DISTRICT JUDGE STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT sf-2778316 4 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 I, Jordan Eth, am the ECF User whose ID and password are being used to file this Stipulation and [Proposed] Order Extending Time to Respond to Complaint. In compliance with General Order 45, X.B., I hereby attest that Matthew Rawlinson, Catherine Kowalewski, Michael Goldberg, and Lewis S. Kahn have concurred in this filing. Dated: December 17, 2009 By: /s/ Jordan Eth JORDAN ETH Counsel for Defendants SunPower Corp., Thomas H. Werner, Dennis V. Arriola, Emmanuel T. Hernandez and Marty T. Neese STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINT sf-2778316 5

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