Shierry v. Facebook, Inc. et al

Filing 28

ORDER APPROVING STIPULATION REGARDING SCHEDULING. All briefing in response to the motion to remand or the motion to stay shall be filed no later than July 10, 2012, and all reply briefs in support of the motion to remand or the motion to stay shall be filed no later than July 18, 2012. Signed by Judge Maxine M. Chesney on July 6, 2012. (mmclc1, COURT STAFF) (Filed on 7/6/2012)

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James F. Basile (SBN 228965)
[e-mail]
Elizabeth L. Deeley (SBN 230798)
[e-mail]
KIRKLAND & ELLIS LLP
555 California Street
San Francisco, California 94104
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendants
FACEBOOK, INC., MARK ZUCKERBERG, DAVID E.
EBERSMAN, DAVID M. SPILLANE, MARC L.
ANDREESSEN, ERSKINE B. BOWLES, JAMES W.
BREYER, DONALD E. GRAHAM, REED HASTINGS
and PETER A. THIEL

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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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EDWARD J. SHIERRY, Individually and On
Behalf of All Others Similarly Situated,

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Plaintiff,
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v.
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FACEBOOK, INC., MARK ZUCKERBERG,
DAVID E. EBERSMAN, DAVID M. SPILLANE,
MARC L. ANDREESSEN, ERSKINE B.
BOWLES, JAMES W. BREYER, DONALD E.
GRAHAM, REED HASTINGS, PETER A. THIEL,
MORGAN STANLEY & CO. LLC, GOLDMAN,
SACHS & CO., BARCLAYS CAPITAL INC.,
ALLEN & COMPANY LLC, CITIGROUP
GLOBAL MARKETS INC., CREDIT SUISSE
SECURITIES (USA) LLC, DEUTSCHE BANK
SECURITIES INC., RBC CAPITAL MARKETS,
LLC, BLAYLOCK ROBERT VAN LLC, BMO
CAPITAL MARKETS CORP., C.L. KING &
ASSOCIATES, INC., CABRERA CAPITAL
MARKETS, LLC, CASTLEOAK SECURITIES,
L.P., COWEN AND COMPANY, LLC., E*TRADE
SECURITIES, LLC, ITAU BBA USA
SECURITIES, INC., LAZARD CAPITAL
MARKETS LLC, LEBENTHAL & CO., LLC,
LOOP CAPITAL MARKETS LLC, M.R. BEAL &
COMPANY, MACQUARIE CAPITAL (USA)
INC., MURIEL SIEBERT & CO., INC.,
OPPENHEIMER & CO. INC., PACIFIC CREST
SECURITIES LLC, PIPER JAFFRAY & CO.,
STIPULATION REGARDING SCHEDULING

CASE NO. 12-CV-3200 (MMC)
CLASS ACTION
STIPULATION REGARDING
SCHEDULING AND ORDER THEREON
DATE: August 3, 2012
TIME: 9:00 a.m.
JUDGE: The Hon. Maxine M. Chesney
CTRM: 7, 19th Floor

CASE NO. 12-CV-3200 (MMC)

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RAYMOND JAMES & ASSOCIATES, INC.,
SAMUEL A. RAMIREZ & COMPANY, INC.,
STIFEL, NICOLAUS & COMPANY,
INCORPORATED, THE WILLIAMS CAPITAL
GROUP, L.P., and WILLIAM BLAIR &
COMPANY, L.L.C.,

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Defendants.
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WHEREAS, on June 20, 2012, certain defendants removed the following actions from the

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Superior Court for the State of California for the County of San Mateo to the United States District

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Court for the Northern District of California (the “Removed Actions”):1

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Lapin v. Facebook, Inc., et al., Case No. 12-cv-3195-MMC, San Mateo County
Superior Court, No. CIV-514240;

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DeMois v. Facebook, Inc., et al., Case No. 12-cv-3196-MMC, San Mateo County
Superior Court, No. CIV514163;

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Lazar v. Facebook, Inc., et al., Case No. 12-cv-3199-MMC, San Mateo County
Superior Court, No. CIV 514065;

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Shierry v. Facebook, Inc., et al., Case No. 12-cv-3200-MMC, San Mateo County
Superior Court, No. CIV-514172;

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Cuker v. Facebook, Inc., et al., Case No. 12-cv-3201-MMC, San Mateo County
Superior Court No. CIV 514238;

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Lieber v. Facebook, Inc., et al., Case No. 12-cv-3202-MMC, San Mateo County
Superior Court No. CIV-514193; and

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Stokes v. Facebook, Inc., et al., Case No. 12-cv-3203-MMC, San Mateo County
Superior Court, No. CIV514107;

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WHEREAS, prior to the removal to the United States District Court for the Northern District

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of California, the Removed Actions were consolidated by order of the Honorable Beth L. Freeman,

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Presiding Judge of the Superior Court of the State of California for the County of San Mateo and co-

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lead counsel for the Removed Actions were appointed by Order of the Honorable Marie S. Weiner,

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Complex Civil Litigation Judge of the Superior Court of the State of California for the County of

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San Mateo;

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Two other actions that were removed, Pilgram v. Facebook, Inc., et al., Case No. 12-cv-3197MMC, San Mateo County Superior Court, No. CIV-514111 and Alfonso v. Facebook, Inc., et al.,
Case No. 12-cv-3198-MMC, San Mateo County Superior Court, No. CIV-514171, have since been
voluntarily dismissed and marked closed on this Court’s docket. Accordingly, the parties are not
including these actions in the stipulation.
STIPULATION REGARDING SCHEDULING

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CASE NO. 12-CV-3200 (MMC)

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WHEREAS, on June 21, 2012 and June 22, 2012, plaintiffs filed motions to remand each of

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the Removed Actions to the Superior Court for the State of California for the County of San Mateo;

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WHEREAS, on June 21, 2012, motions to stay each of the Removed Actions were filed on
behalf of defendants;
WHEREAS, on June 29, 2012, the Removed Actions were deemed related to actions pending
before this Court and were subsequently transferred to this Court;
WHEREAS, pursuant to the order reassigning each of the Removed Actions to this Court, all

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hearing dates on outstanding motions were vacated and the parties were ordered to re-notice said

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hearings;

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WHEREAS, the Court’s ECF filing system was inoperable and the parties were unable to re-

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notice these hearings by electronic filings on Thursday, June 28, 2012 or Friday, June 29, 2012;

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WHEREAS, the re-notice of the motions to stay on behalf of defendants were physically

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filed on June 29, 2012 and were accepted by the Court;
WHEREAS, plaintiffs’ counsel, after contacting the Clerk’s office when the ECF filing

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system was inoperable and being advised that a physically refiled motion would be rejected because

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these actions are designated for electronic filing only, and, therefore, plaintiffs physically filed their

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re-noticed motions to remand on the next business day, Monday, July 2, 2012;

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WHEREAS, the parties hereto agree that in the interest of judicial economy, plaintiffs’

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motions to remand the Removed Actions and motions on behalf of defendants to stay the Removed

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Actions should be briefed and heard on the same schedule; and

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WHEREAS, the parties hereto wish to have the motions to stay and the motions to remand

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the Removed Actions heard on the same date, that date being August 10, 2012.

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NOW THEREFORE THE PARTIES STIPULATE AND AGREE that:

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All briefing in response to either the motions to remand the Removed Actions or the Motions

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to Stay the Removed Actions should be served on the parties and filed with the Court no later than

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July 10, 2012; plaintiffs shall file a single brief and defendants shall collectively file a single brief;

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All reply briefs in support of the motions to remand the Removed Actions or the motions to

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stay the Removed Actions should be served on the parties and filed with the Court no later than July
STIPULATION REGARDING SCHEDULING

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CASE NO. 12-CV-3200 (MMC)

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18, 2012; plaintiffs shall file a single brief and defendants shall collectively file a single brief; and

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In each of the Removed Actions, the parties will file amended notices of the motions to

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remand and amended notices of the motions to stay setting August 10, 2012 at 9:00 A.M. as the

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hearing date for said motions.

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Dated July 3, 2012

KIRKLAND & ELLIS LLP
/s/ James F. Basile
JAMES F. BASILE

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James F. Basile
Elizabeth L. Deeley
555 California Street, 27th Floor
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [phone]

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KIRKLAND & ELLIS LLP
Andrew B. Clubok
Brant W. Bishop
601 Lexington Ave.
New York , NY 10022
Telephone: [phone]
Facsimile: [phone]

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and

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WILLKIE FARR & GALLAGHER LLP
Richard D. Bernstein
Tariq Mundiya
Todd G. Cosenza
787 Seventh Avenue
New York, N.Y. 10019-6099, U.S.A.
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Defendants Facebook, Inc., Mark
Zuckerberg, David A. Ebersman, David M.
Spillane, Marc L. Andreessen, Erskine B.
Bowles, James W. Breyer, Donald E. Graham,
Reed Hastings, Peter A. Thiel

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STIPULATION REGARDING SCHEDULING

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CASE NO. 12-CV-3200 (MMC)

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Dated July 3, 2012

BARRACK, RODOS & BACINE

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/s/ Samuel M. Ward
SAMUEL M. WARD

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STEPHEN R. BASSER
SAMUEL M. WARD
One America Plaza
600 West Broadway, Suite 900
San Diego, CA 92101
Phone: [phone]
Fax: [phone]
Email: [e-mail]
[e-mail]

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and

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BARRACK RODOS & BACINE
DANIEL E. BACINE
MARK R. ROSEN
BETH T. SELTZER
3300 Two Commerce Square
2001 Market Street
Philadelphia, PA 19103
Phone: [phone]
Fax: [phone]
Email: [e-mail]
[e-mail]
[e-mail]

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GLANCY BINKOW & GOLDBERG LLP
Lionel Z. Glancy
Michael Goldberg
Robert V. Prongay
Casey E. Sadler
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Tel: [phone]
Fax: [phone]
Email: [e-mail]

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Co- Lead Counsel in the San Mateo County Supreme
Court Actions and Counsel for Plaintiffs Darryl Lazar,
Vernon R. DeMois, Jr., Edward J. Shierry, Karen
Cuker, Brian Gralnick and Harvey Lapin

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STIPULATION REGARDING SCHEDULING

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CASE NO. 12-CV-3200 (MMC)

STRAUSS TROY CO., LPA
Richard S. Wayne
Joseph J. Braun
The Federal Reserve Building
150 East Fourth Street
Cincinnati, Ohio 45202-4018
Tel: [phone]
Fax: [phone]

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Counsel for Plaintiff Vernon R. DeMois, Jr.,

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AHDOOT & WOLFSON, P.C.
Robert Ahdoot
Tina Wolfson
Theodore Maya
Bradley King
10850 Wilshire Boulevard, Suite 370
Los Angeles, CA 90024
Tel: [phone]
Fax: [phone]

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Counsel for Plaintiff Jennifer Stokes

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INITIATIVE LEGAL GROUP APC
Jordan L. Lurie
Raul Perez
Andrew Sokolowski
Sue Kim
1800 Century Park East, 2nd Floor
Los Angeles, California 90067
Telephone: (310) 556 - 5637
Facsimile: (310) 861 -9051

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and

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Jack Zwick
100 Church Street, Suite 850
New York, N.Y. 10007
Telephone: (212) 385 - 1900
Facsimile: (212) 385 - 1911

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Counsel for Plaintiff Michael Lieber

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STIPULATION REGARDING SCHEDULING

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CASE NO. 12-CV-3200 (MMC)

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Dated July 3, 2012

DAVIS POLK & WARDWELL LLP

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/s/ Neal A. Potischman
NEAL A. POTISCHMAN

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Neal A. Potischman
Samantha H. Knox
1600 El Camino Real
Menlo Park, CA 94025
Telephone: [phone]
Facsimile: [phone]

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DAVIS POLK & WARDWELL LLP
James P. Rouhandeh
Charles S. Duggan
450 Lexington Avenue
New York, New York 10017
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Defendants Morgan Stanley &
Co. LLC and Goldman, Sachs & Co., for themselves
and on behalf of the underwriter defendants

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PURSUANT TO THE ABOVE STIPULATION, IT IS SO ORDERED.

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Dated: July 6, 2012

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___________________________________
HONORABLE MAXINE M. CHESNEY
UNITED STATES DISTRICT JUDGE

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STIPULATION REGARDING SCHEDULING

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CASE NO. 12-CV-3200 (MMC)