The Charles Schwab Corporation v. J.P. Morgan Securities Inc. et al

Filing 28

ORDER GRANTING 27 Stipulation to Extend Time to Respond to Complaint. Signed by Judge Jeffrey S. White on December 17, 2010. (jswlc3, COURT STAFF) (Filed on 12/17/2010)

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The Charles Schwab Corporation v. J.P. Morgan Securities Inc. et al Doc. 28 Case3:10-cv-04523-JSW Document27 Filed12/17/10 Page1 of 4 1 2 3 4 5 Robert A. Sacks (SBN 150146) (sacksr@sullcrom.com) SULLIVAN & CROMWELL LLP 1888 Century Park East Los Angeles, California 90067 Telephone: (310) 712-6600 Facsimile: (310) 712-8800 Stacey R. Friedman (admitted pro hac vice) (friedmans@sullcrom.com) 6 SULLIVAN & CROMWELL LLP 125 Broad Street 7 New York, New York 10004 Telephone: (212) 558-4000 (212) 558-3588 8 Facsimile: 9 Jason de Bretteville (SBN 195069) (debrettevillej@sullcrom.com) 10 Sverker K. Högberg (SBN 244640) (hogbergs@sullcrom.com) 11 SULLIVAN & CROMWELL LLP 1870 Embarcadero Road 12 Palo Alto, California 94303 Telephone: (650) 461-5600 (650) 461-5700 13 Facsimile: 14 Attorneys for Defendants J.P. MORGAN SECURITIES INC., 15 BEAR STEARNS ASSET BACKED SECURITIES I LLC, CHASE MORTGAGE FINANCE CORPORATION I, 16 J.P. MORGAN ACCEPTANCE CORPORATION I, and JPMORGAN SECURITIES HOLDINGS LLC. 17 18 19 20 UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Case No. CV 10-04523 JSW Removed from: Superior Court of the State of California For the City and County of San Francisco Civil No. CGC-10-503206 STIPULATION AND [PROPOSED] ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 21 THE CHARLES SCHWAB CORPORATION, 22 Plaintiff, 23 vs. 24 J.P. MORGAN SECURITIES INC. F/K/A 25 BEAR, STEARNS & CO.; BEAR STEARNS ASSET BACKED 26 SECURITIES I LLC; CHASE MORTGAGE FINANCE 27 CORPORATION; 28 SULLIVAN & CROMWELL LLP Dockets.Justia.com Case3:10-cv-04523-JSW Document27 Filed12/17/10 Page2 of 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 SULLIVAN & CROMWELL LLP J.P. MORGAN ACCEPTANCE CORPORATION I; JPMORGAN SECURITIES HOLDINGS LLC; AND, DOES 1-50, Defendants. ) ) ) ) ) ) ) ) WHEREAS, on September 2, 2010, Plaintiff filed an action in the Superior Court of California, San Francisco against Defendants, captioned The Charles Schwab Corporation v. J.P. Morgan Securities Inc., et al., Case No CGC-10-503206 (the "State Action"); WHEREAS, on October 6, 2010, Defendants removed the State Action from the Superior Court of California, San Francisco to the Northern District of California; WHEREAS, on October 12, 2010, Plaintiff and Defendants stipulated to extend the date by which Defendants must answer, move, or otherwise respond to the Complaint to January 7, 2011; WHEREAS, on October 28, 2010, Plaintiff filed its Motion to Remand; WHEREAS, on December 2, 2010, the Court entered the Parties' Stipulation and Proposed Order In Support of Administrative Motion Concerning Hearing and Briefing Schedule for Motion to Remand, which, in part, set the hearing date for Plaintiff's Motion to Remand for March 25, 2011; WHEREAS, a Case Management Conference is scheduled for April 15, 2011; NOW, THEREFORE, IT IS HEREBY STIPULATED BY AND AMONG THE PARTIES HERETO AND THEIR COUNSEL OF RECORD THAT, SUBJECT TO THE APPROVAL OF THE COURT: (1) Defendants shall answer, move, or otherwise respond to the Complaint within twenty-one (21) days from the date that the Court enters its order granting or denying Plaintiff's Motion to Remand; (2) By entering into this Stipulation, Defendants do not waive their right to seek adjournment or additional time from the Court in which to answer, move, or otherwise respond to the Complaint; 1 STIPULATION AND [PROPOSED] ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT CASE NO. C 10-04523 JSW Case3:10-cv-04523-JSW Document27 Filed12/17/10 Page3 of 4 1 2 3 (3) By entering into this Stipulation, the Parties do not waive, and expressly preserve, any and all rights, claims, defenses, including all defenses relating to jurisdiction, venue, and arbitrability. 4 Respectfully submitted, 5 6 7 8 9 10 11 12 13 14 Dated: December 17, 2010 /s/ Anne Hartman Robert A. Goodin (SBN 061302) (rgoodin@goodinmacbride.com) Francine T. Radford (SBN 168269) (fradford@goodinmacbride.com) Anne H. Hartman (SBN 184556) (ahartman@goodinmacbride.com) GOODIN, MACBRIDE, SQUERI, DAY & LAMPREY, LLP 505 Sansome Street, Suite 900 San Francisco, California 94111 Telephone: (415) 392-7900 Facsimile: (415) 398-4321 Dated: December 17, 2010 /s/ Jason de Bretteville Jason de Bretteville (SBN 195069) (debrettevillej@sullcrom.com) Sverker K. Högberg (SBN 244640) (hogbergs@sullcrom.com) SULLIVAN & CROMWELL LLP 1870 Embarcadero Road Palo Alto, California 94303 Telephone: (650) 461-5600 Facsimile: (650) 461-5700 Robert A. Sacks (SBN 150146) (sacksr@sullcrom.com) SULLIVAN & CROMWELL LLP 1888 Century Park East Los Angeles, California 90067 Telephone: (310) 712-6600 Facsimile: (310) 712-8800 Stacey R. Friedman (admitted pro hac vice) (friedmans@sullcrom.com) SULLIVAN & CROMWELL LLP 125 Broad Street New York, New York 10004 Telephone: (212) 558-4000 Facsimile: (212) 558-3588 Attorneys for Defendants J.P. Morgan Securities Inc., Bear Stearns Asset Backed Securities I LLC, Chase Mortgage Finance Corporation I, J.P. Morgan Acceptance Corporation I, and JPMorgan Securities Holdings LLC. ***** NOW, THEREFORE, PURSUANT TO STIPULATION, IT IS SO ORDERED. David J. Grais (pro hac app. to be submitted) Kathryn C. Ellsworth (pro hac app. to be submitted) Owen L. Cyrulnik (pro hac app. to be submitted) 15 Leanne M. Wilson (pro hac app. to be submitted) 16 17 18 19 20 21 22 23 24 25 26 27 28 SULLIVAN & CROMWELL LLP GRAIS & ELLSWORTH LLP 40 E. 52nd Street New York, New York 10022 Telephone: (212) 755-0100 Facsimile: (212) 755-0052 Attorneys for Plaintiff The Charles Schwab Corporation December 17, 2010 Dated: _______________________ ___________________________________ The Honorable Jeffrey S. White United States District Court Judge 2 STIPULATION AND [PROPOSED] ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT CASE NO. C 10-04523 JSW Case3:10-cv-04523-JSW Document27 Filed12/17/10 Page4 of 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 SULLIVAN & CROMWELL LLP I, Jason de Bretteville, am the ECF User whose ID and password are being used to file this Stipulation And [Proposed] Order To Extend Time To Respond To The Complaint. In compliance with General Order 45, X.B., I hereby attest that Anne Hartman has concurred in this filing. Dated: December 17, 2010 /s/ Jason de Bretteville Jason de Bretteville 3 STIPULATION AND [PROPOSED] ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT CASE NO. C 10-04523 JSW

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