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

Filing 9

STIPULATION AND ORDER EXTENDINTG TIME TO ANSWER re 5 Stipulation, filed by JPMorgan Securities Holdings LLC, Bear Stearns Asset Backed Securities I LLC, J.P. Morgan Acceptance Corporation I, Chase Mortgage Finance Corporation, J.P. Morgan Securities Inc.. Signed by Judge Edward M. Chen on 10/22/10. (bpf, COURT STAFF) (Filed on 10/22/2010)

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

Doc. 9

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

Robert A. Sacks (SBN 150146) ([e-mail]) SULLIVAN & CROMWELL LLP 1888 Century Park East Los Angeles, California 90067 Telephone: [phone] Facsimile: [phone] Stacey R. Friedman (pro hac vice application to be submitted) ([e-mail]) SULLIVAN & CROMWELL LLP 125 Broad Street New York, New York 10004 Telephone: [phone] Facsimile: [phone] Jason de Bretteville (SBN 195069) ([e-mail]) Sverker K. Högberg (SBN 244640) ([e-mail]) SULLIVAN & CROMWELL LLP 1870 Embarcadero Road Palo Alto, California 94303 Telephone: [phone] Facsimile: [phone] 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.

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA THE CHARLES SCHWAB CORPORATION, Plaintiff, vs. J.P. MORGAN SECURITIES INC. F/K/A BEAR, STEARNS & CO.; BEAR STEARNS ASSET BACKED SECURITIES I LLC; CHASE MORTGAGE FINANCE CORPORATION; J.P. MORGAN ACCEPTANCE CORPORATION I; ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Case No. CV-10-4523-BZ EMC

Removed from: Superior Court of the State of California For the City and County of San Francisco Civil No. CGC-10-503206 STIPULATION TO EXTEND TIME TO RESPOND TO THE COMPLAINT ORDER

STIPULATION TO EXTEND TIME TO RESPOND TO COMPLAINT

CASE NO. 10-4523 Dockets.Justia.com

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

JPMORGAN SECURITIES HOLDINGS LLC; AND, DOES 1-50, Defendants.

) ) ) ) ) )

Pursuant to Civil Local Rule 6-1(a) for the Northern District of California, plaintiff, The Charles Schwab Corporation ("Plaintiff"), and the defendants in the above-captioned action (collectively, "Defendants" and, jointly with Plaintiff, the "Parties"), by their undersigned attorneys, stipulate to an extension of time for Defendants to answer, move, or otherwise respond to the Complaint in this matter, without waiver of any rights, claims or defenses. On or about September 2, 2010, Plaintiff filed a Summons and Complaint captioned The Charles Schwab Corporation v. J.P. Morgan Securities Inc., et al., Case No. CGC-10-50503206, in the Superior Court of California, San Francisco (the "State Court Action"). On October 6, 2010, Defendants removed this case to the United States District Court for the Northern District of California, San Francisco Division. Plaintiff intends to file a motion to remand the action to the Superior Court of California, San Francisco (the "Remand Motion"). Pursuant to Civil Local Rule 6-1(a), the parties, by and through their counsel, stipulate as follows: Defendants shall answer, move, or otherwise respond to the Complaint on or 1 before January 7, 2010 (the "Response Date"); 2. Court order; 3. The Parties agree to consider hereafter, including in view of the status or This extension will not alter the date of any event or any deadline already fixed by 1.

resolution of the Remand Motion, arranging with the appropriate court for a further extension of the Response Date, and 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. 4. By entering into this Stipulation, the Parties do not waive, and expressly preserve,

any and all rights, claims and defenses, including all defenses relating to jurisdiction, venue and arbitrability.

2

STIPULATION TO EXTEND TIME TO RESPOND TO COMPLAINT

CASE NO. 10-4523

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

Dated: October 12, 2010 /s/ Jason de Bretteville Jason de Bretteville (SBN 195069) ([e-mail]) Sverker K. Högberg (SBN 244640) ([e-mail]) SULLIVAN & CROMWELL LLP 1870 Embarcadero Road Palo Alto, California 94303 Telephone: [phone] Facsimile: [phone] Robert A. Sacks (SBN 150146) ([e-mail]) SULLIVAN & CROMWELL LLP 1888 Century Park East Los Angeles, California 90067 Telephone: [phone] Facsimile: [phone] 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. Of Counsel: Stacey R. Friedman (pro hac vice) ([e-mail]) SULLIVAN & CROMWELL LLP 125 Broad Street New York, New York 10004 [phone] Telephone: Facsimile: [phone]

3

STIPULATION TO EXTEND TIME TO RESPOND TO COMPLAINT

CASE NO. 10-4523

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

Dated: October 12, 2010 /s/ Robert A. Goodin Robert A. Goodin (SBN 061302) Francine T. Radford (SBN 168269) Anne H. Hartman (SBN 184556) GOODIN, MACBRIDE, SQUERI, DAY & LAMPREY, LLP 505 Sansome Street, Suite 900 San Francisco, CA 94111 Telephone: [phone] Facsimile: [phone] And David J. Grais Kathryn C. Ellsworth Owen L. Cryulnik Leanne M. Wilson GRAIS & ELLSWORTH LLP 40 E. 52nd Street New York, NY 10022 Telephone: [phone] Facsimile: [phone] Attorneys for Plaintiff The Charles Schwab Corporation

4

STIPULATION TO EXTEND TIME TO RESPOND TO COMPLAINT

CASE NO. 10-4523

1 2 3 4 5 6 7 8 9

I, Jason de Bretteville, am the ECF user whose User ID and Password are being used to file this STIPULATION TO EXTEND TIME TO RESPOND TO THIS COMPLAINT. In compliance with General Order 45, X.B, I hereby attest that the other signatories listed have concurred in this filing. Dated: October 12, 2010

/s/ Jason de Bretteville Jason de Bretteville (SBN 195069)

IT IS SO ORDERED:
UNIT ED

12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
SULLIVAN & CROMWELL LLP

5

A

LI

11

_________________ Edward M. Chen ER N U.S. Magistrate Judge RICT OF C D IS T
Judge Ed . Chen ward M

FO

R NIA

10

S

S DISTRICT TE C TA

ERED O ORD D IT IS S IFIE S MOD A

RT U O

NO

RT

H

STIPULATION TO EXTEND TIME TO RESPOND TO COMPLAINT

CASE NO. 10-4523