Contra Costa County et al v. Fitch, Inc. et al

Filing 20

ORDER GRANTING 19 Stipulation regarding Anti-Slapp Briefing Schedule. Signed by Judge Jeffrey S. White on December 13, 2010. (jswlc3, COURT STAFF) (Filed on 12/13/2010)

Contra Costa County et al v. Fitch, Inc. et al

Doc. 20

Case3:10-cv-05318-JSW Document19

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David T. Biderman (SBN 101577) Philip A. Leider (SBN 229751) Jonmi N. Koo (SBN 233136) PERKINS COIE LLP Four Embarcadero Center, Suite 2400 San Francisco, California 94111 Telephone: [phone] Facsimile: [phone] Email: [e-mail] Email: [e-mail] Email: [e-mail] Floyd Abrams (pro hac vice application to be filed) Brian T. Markley (pro hac vice application to be filed) Justin Giovannelli (pro hac vice application to be filed) CAHILL GORDON & REINDEL LLP 80 Pine Street New York, New York 10005 Telephone: [phone] Facsimile: [phone] Attorneys for Defendant The McGraw-Hill Companies, Inc. Additional attorneys listed on signature page

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

COORDINATION PROCEEDING SPECIAL TITLE [CRC 3.550(c)]: AMBAC BOND INSURANCE CASES _______________________________________ Coordinated With: The Olympic Club v. MBIA, Inc., et al., San Francisco Superior Court Case No. CGC-09487058

Case No. C 10-05318 State Court Case Nos. CJC-08-004555, 09487058; JCCP NO. 4555 JOINT STIPULATION REGARDING ANTI-SLAPP BRIEFING SCHEDULE; [PROPOSED] ORDER Judge: Courtroom:

JOINT STIPULATION RE BRIEFING SCHEDULE CASE NO. C 10-05318

Dockets.Justia.com

Case3:10-cv-05318-JSW Document19

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Plaintiffs and defendants in the above-captioned action hereby stipulate as follows: WHEREAS this removed action was part of a Coordination Proceeding or Consolidated Proceedings pending in San Francisco Superior Court under the captions, Ambac Bond Insurance Cases, JCCP Case No. 4555 ("Coordination Proceeding"); The Olympic Club v. MBIA, Inc. et al., San Francisco Superior Court Case No. CGC-09-487058 ("Olympic Club Action"); The Jewish Community Center of San Francisco v. AMBAC Financial Group, Inc. San Francisco Superior Court Case No. CJC-10-501361 (the "JCC Action"); WHEREAS, the Rating Agency Defendants1 were named as defendants in those actions captioned Contra Costa County, et al. v. AMBAC Financial Group, Inc., Case No. CGC-09492055, part of the JCCP Case No. 4555 Coordination Proceeding (the "Contra Costa Action"), the Olympic Club Action and the JCC Action; WHEREAS, prior to removal, pursuant to an order dated October 12, 2010, the Honorable Richard A. Kramer, Judge of the Superior Court of San Francisco, permitted the Rating Agency Defendants to file an Anti-SLAPP motion under Code of Civil Procedure Section 425.16, addressing the issue of whether the challenged causes of action arise from protected activity as defined in Section 425.16; WHEREAS, pursuant to an amended briefing schedule for the Anti-SLAPP motion, the Rating Agency Defendants' reply papers were to be filed on or before December 3, 2010; WHEREAS, on November 23, 2010, the Rating Agency Defendants filed a Notice of Removal of Action Under 28 U.S.C. § 1334 and 28 U.S.C. § 1452(a) with respect to the actions in which they were named, specifically the Contra Costa Action, the Olympic Club Action, and the JCC Action; ___________________________________ 1 Defendants Fitch, Inc., Fitch Group, Inc., Fitch Ratings, Ltd.* (collectively "Fitch"), Moody's Corporation, Moody's Investors Service, Inc. (collectively "Moody's"), The McGraw-Hill Companies, Inc., Standard & Poor's Financial Services, LLC (collectively, "S&P") are collectively referred to as "the Rating Agency Defendants." * Defendant Fitch Ratings, Ltd. appears specially for the sole purpose of joining the parties' joint stipulation. Fitch Ratings, Ltd. does not waive and expressly preserves all defenses, including its objection to this Court's personal jurisdiction, and does not concede proper service of the complaints in these actions.
2 JOINT STIPULATION RE BRIEFING SCHEDULE CASE NO. C 10-05318

Case3:10-cv-05318-JSW Document19

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WHEREAS pursuant to 28 U.S.C. § 1450 all orders entered prior to the removal of the action to this Court shall remain in full force and effect unless and until dissolved or modified by the District Court; WHEREAS, on November 30, 2010 plaintiffs filed a motion for remand and/or abstention; and WHEREAS, the parties seek to extend the time for the Rating Agency Defendants to serve their reply to the plaintiffs' opposition to the Rating Agency Defendants' Anti-SLAPP motion pending a determination on the motion for remand and/or abstention. It is hereby STIPULATED AND AGREED by and between the undersigned counsel for the parties that the Rating Agency Defendants' reply papers in support of the Anti-SLAPP motion will be filed ten (10) days after a final decision is made on plaintiffs' motion for remand and/or abstention. All other orders of the California Superior Court in these removed cases shall otherwise remain in effect. IT IS SO STIPULATED DATED: December 13, 2010

/s/ Nanci E. Nishimura RENNE SLOAN HOLTZMANN SAKAI LLC Louise Renne 350 Sansome Street, Suite 300 San Francisco, CA 94104 Telephone: [phone] Facsimile: [phone]

COTCHETT, PITRE & MCCARTHY Joseph W. Cotchett [e-mail] Nanci E. Nishimura [e-mail] 840 Malcolm Road, Suite 200 Burlingame, CA 94010 Telephone: [phone] Facsimile: [phone] Attorneys for Plaintiffs County of San Mateo; County of Contra Costa; The Olympic Club; City of Riverside; The Redevelopment Agency of the City of Riverside; The Public Financing Authority of the City of Riverside and the Jewish Community Center of San Francisco

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Case3:10-cv-05318-JSW Document19

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By:

/s/ David T. Biderman CAHILL GORDON & REINDEL LLP Floyd Abrams [e-mail] Brian T. Markley [e-mail] (Pro Hac Vice Applications to be submitted) Eighty Pine Street New York, NY 10005-1702 Telephone: [phone] Facsimile: [phone]

PERKINS COIE LLP David T. Biderman [e-mail] Philip A. Leider [e-mail] Jonmi Koo [e-mail] Four Embarcadero Center Suite 2400 San Francisco, California 94111-4131 Telephone: [phone] Facsimile: [phone] Attorneys for Defendants The McGraw-Hill Companies, Inc., and Standard & Poor's Financial Services, LLC By: /s/ Keith E. Eggleton

WILSON SONSINI GOODRICH & ROSATI Keith E. Eggleton [e-mail] David A. McCarthy [e-mail] 650 Page Mill Road Palo Alto, California 94304 Telephone: [phone] Facsimile: [phone]

SATTERLEE STEPHENS BURKE & BURKE LLP Joshua M. Rubins [e-mail] James J. Coster [e-mail] (Pro Hac Vice Applications to be submitted) 230 Park Avenue, Suite 1130 New York, NY 10169-0079 Telephone: [phone] Facsimile: [phone]/7

Attorneys for Defendants Moody's Investors Service, Inc., and Moody's Corp. By: /s/ Stephen E. Taylor PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP Martin Flumenbaum [e-mail] Roberta A. Kaplan [e-mail] (Pro Hac Vice Applications to be submitted) 1285 Avenue of the Americas New York, NY 10019-6064 Telephone: [phone] Facsimile: [phone]

TAYLOR & COMPANY LAW OFFICES, LLP Stephen E. Taylor [e-mail] Jonathan A. Patchen [e-mail] One Ferry Building, Suite 355 San Francisco, California 94111 Telephone: [phone] Facsimile: [phone]

Attorneys for Defendants Fitch, Inc., Fitch Group, Inc., and Fitch Ratings, Ltd.
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Case3:10-cv-05318-JSW Document19

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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 Dated: December 13 __________________, 2010

ORDER PURSUANT TO STIPULATION, IT IS SO ORDERED

Honorable Jeffrey White United States District Court Judge

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