In re YAHOO INC. SHAREHOLDERS DERIVATIVE LITIGATION.

Filing 48

ORDER Temporarily Deferring Prosecution of this Action re 47 STIPULATION WITH PROPOSED ORDER Temporarily Deferring Prosecution of This Action filed by Jerry Yang, et al. Parties to meet and confer within 14 days of the court's ruling on the class action motion to dismiss in C-11-2732CRB. Signed by Judge Charles R. Breyer on 6/7/2012. (beS, COURT STAFF) (Filed on 6/8/2012)

Case3:11-cv-03269-CRB Document47 Filed06/06/12 Page1 of 4

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JORDAN ETH (CA SBN 121617)
[e-mail]
ANNA ERICKSON WHITE (CA SBN 161385)
[e-mail]
MARK R.S. FOSTER (CA SBN 223682)
[e-mail]
MORRISON & FOERSTER LLP
425 Market Street
San Francisco, California 94105-2482
Telephone: [phone]
Facsimile: 415.268.7522
Attorneys for Nominal Defendant Yahoo! Inc. and Defendants
Carol A. Bartz, Jerry Yang, Roy Bostock, Patti Hart, Susan
James, Vyomesh Joshi, David Kenny, Arthur Kern, Brad Smith,
and Gary Wilson

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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SAN FRANCISCO DIVISION

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IN RE YAHOO! INC. SHAREHOLDER
DERIVATIVE LITIGATION
This Document Relates To:
ALL ACTIONS.

Master Docket No. 3:11-CV-03269-CRB
(Consolidated with 3:11-CV-03301-CRB;
3:11-CV-03302-CRB)
STIPULATION AND [PROPOSED]
ORDER TEMPORARILY
DEFERRING PROSECUTION OF
THIS ACTION
Judge: Hon. Charles R. Breyer
Courtroom: 6, 17th Floor

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STIPULATION AND [PROPOSED] ORDER TEMPORARILY DEFERRING CASE
CASE NO. 3:11-CV-03269-CRB
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Case3:11-cv-03269-CRB Document47 Filed06/06/12 Page2 of 4

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The parties, through their undersigned counsel, hereby submit this Stipulation and

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[Proposed] Order temporarily deferring prosecution of this shareholder derivative action.

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RECITALS
A.

On October 7, 2011, this Court entered an order consolidating three related

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shareholder derivative lawsuits (the “Federal Derivative Litigation”) asserting claims against

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certain officers and directors of Yahoo!. (See Doc. 45.)

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B.

The Federal Derivative Litigation is related to a consolidated securities class action

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captioned In re Yahoo! Inc. Securities Litigation, Master File No. 11-CV-02732-CRB, (the

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“Securities Class Action”), that is currently pending in this Court. The defendants in the

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Securities Class Action have moved to dismiss the complaint (the “Class Action Motion to

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Dismiss”). A hearing on the Class Action Motion to Dismiss is scheduled for June 22, 2012.

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C.

On March 5, 2012, the plaintiffs filed their Consolidated Complaint in the Federal

Derivative Litigation. (See Doc. 40.)
D.

Since the filing of the Consolidated Complaint, and pursuant to the terms of the

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parties’ July 27, 2011 Stipulation (see Doc. 20), counsel for the parties have been engaged in

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discussions regarding appropriate next steps and means of efficiently managing the Federal

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Derivative Litigation.

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E.

The parties agree that, given the unique circumstances of this case and to conserve

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party and judicial resources, all proceedings in the Federal Derivative Litigation should be

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deferred pending the Court’s ruling on the Class Action Motion to Dismiss.

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THEREFORE, IT IS HEREBY STIPULATED AND AGREED AS FOLLOWS:

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1.

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All proceedings in the Federal Derivative Litigation shall be deferred pending the

Court’s ruling on the Class Action Motion to Dismiss.
2.

The parties shall meet and confer within fourteen days of the Court’s ruling on the

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Class Action Motion to Dismiss to discuss proposed next steps for the Federal Derivative

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Litigation.

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STIPULATION AND [PROPOSED] ORDER TEMPORARILY DEFERRING CASE
CASE NO. 3:11-CV-03269-CRB
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Case3:11-cv-03269-CRB Document47 Filed06/06/12 Page3 of 4

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Dated: June 6, 2012

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JORDAN ETH
ANNA ERICKSON WHITE
MARK R.S. FOSTER
MORRISON & FOERSTER LLP

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By:

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Attorneys for Nominal Defendant
Yahoo! Inc. and Defendants Carol A.
Bartz, Jerry Yang, Roy Bostock, Patti
Hart, Susan James, Vyomesh Joshi,
David Kenny, Arthur Kern, Brad Smith,
and Gary Wilson

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/s/ Jordan Eth
JORDAN ETH

Dated: June 6, 2012

JOHNSON & WEAVER, LLP
FRANK J. JOHNSON
SHAWN E. FIELDS

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/s/ Frank J. Johnson
FRANK J. JOHNSON

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110 West A Street, Suite 750
San Diego, CA 92101
Telephone: [phone]
Facsimile: [phone]
ROBBINS UMEDA LLP
BRIAN J. ROBBINS
CRAIG W. SMITH
SHANE P. SANDERS
GINA STASSI
600 B Street, Suite 1900
San Diego, CA 92101
Telephone: [phone]
Facsimile: [phone]
THE WEISER LAW FIRM, P.C.
KATHLEEN A. HERKENHOFF
12707 High Bluff Drive, Suite 200
San Diego, CA 92130
Telephone: [phone]
Facsimile: [phone]
THE WEISER LAW FIRM, P.C.
ROBERT B. WEISNER
121 North Wayne Avenue, Suite 100
Wayne, PA 19087
Telephone: [phone]
Facsimile: [phone]
Attorneys and Co-Lead Counsel for Plaintiffs
STIPULATION AND [PROPOSED] ORDER TEMPORARILY DEFERRING CASE
CASE NO. 3:11-CV-03269-CRB
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[PROPOSED] ORDER
PURSUANT TO THE PARTIES’ STIPULATION, IT IS SO ORDERED.

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HONORABLE CHARLES R. ED
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ORDER JUDGE
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DATED: ____________________
June 7, 2012

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STIPULATION AND [PROPOSED] ORDER TEMPORARILY DEFERRING CASE
CASE NO. 3:11-CV-03269-CRB
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