Cole v. Zuckerberg et al

Filing 22

ORDER REGARDING HEARING DATES. Plaintiff need not file an opposition to defendants' pending Motion for Stay until the date set pursuant to further court order adopting a revised briefing schedule. Signed by Judge Maxine M. Chesney on July 27, 2012. (mmclc1, COURT STAFF) (Filed on 7/27/2012)

1 ROBBINS UMEDA LLP
1 BRIAN J. ROBBINS (190264)
2 FELIPE J. ARROYO (163803)
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SHANE P. SANDERS (237146)
3 GINA STASSI (261263)
600 B Street, Suite 1900
4 San Diego, CA 92101
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Telephone: [phone]
5 Facsimile [phone]
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6 [e-mail]
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7 [e-mail]
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8 Counsel for Plaintiff William Cole
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9 [Additional counsel on signature page.]
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UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION

13 WILLIAM COLE, Derivatively on Behalf of )
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FACEBOOK, INC.,
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Plaintiff,
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v.
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17 MARK ZUCKERBERG, DAVID A.
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EBERSMAN, SHERYL K. SANDBERG, )
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DAVID M. SPILLANE, PETER A. THIEL, )
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19 JAMES W. BREYER, MARC L.
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ANDREESSEN, DONALD E. GRAHAM, )
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20 REED HASTINGS, ERSKINE B.
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BOWLES, and DOES 1-25, Inclusive,
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Defendants,
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-and)
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24 FACEBOOK, INC., a Delaware corporation, )
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Nominal Defendant.
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28 STIPULATION AND [PROPOSED] ORDER
25 REGARDING HEARING DATES

Case No. 3:12-cv-03367-MMC
STIPULATION AND [PROPOSED] ORDER
REGARDING HEARING DATES
Judge:

Honorable Maxine M. Chesney

Case No. 3:12-cv-03367-MMC

WHEREAS the Hubuschman Action1 was originally filed in the Superior Court of

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2 California, San Mateo County (the "State Court") on June 28, 2012, and the Cole Action2 was
3 originally filed in the State Court on May 31, 2012 (collectively, the "Derivative Actions");
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WHEREAS on June 28, 2012, Defendants3 removed the Derivative Actions to this Court;

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WHEREAS on July 13, 2012, Defendants filed Motions for Stay of Proceedings Pending
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Decision on Transfer by the Judicial Panel on Multidistrict Litigation (the "Stay Motions") in the

8 Derivative Actions, and the hearings on the Stay Motions are set for August 17, 2012, at 9:00
9 a.m.;
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WHEREAS plaintiffs Hal Hubuschman and William Cole ("Plaintiffs") believe that
removal of the Derivative Actions was improper and will timely file motions to remand the
Derivative Actions to State Court (the "Remand Motions") on or before August 1, 2012, in

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accordance with 28 U.S.C. §1447(c);
WHEREAS Plaintiffs intend to notice the Remand Motions for a September 7, 2012

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16 hearing date;
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WHEREAS the parties to the Derivative Actions agree that the interests of efficiency and

18 judicial economy will best be served by having the Stay Motions and Remand Motions heard at
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the same time;

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"Hubuschman Action" refers to the action captioned Hubuschman v. Zuckerberg, et al., Case
No. 12-cv-03366-MMC.
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"Cole Action" refers to the action captioned Cole v. Zuckerberg, et al., Case No. 12-cv-03367MMC.
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"Defendants" refers to: Nominal defendant Facebook, Inc., Mark Zuckerberg, David A.
26 Ebersman, Sheryl K. Sandberg, David M. Spillane, Peter A. Thiel, James W. Breyer, Marc L.
Andreessen, Donald E. Graham, Reed Hastings, and Erskine B. Bowles.
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28 STIPULATION AND [PROPOSED] ORDER
REGARDING HEARING DATES

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Case No. 3:12-cv-03367-MMC

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WHEREAS Defendants, therefore, intend to re-notice the hearing on the Stay Motions

2 for a September 7, 2012 hearing date;
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WHEREAS in light of the above, the parties shortly will agree to briefing schedules for
the Stay Motions and the Remand Motions which they will submit to the Court.

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WHEREAS the parties to the Derivative Actions have not previously requested an
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extension of any deadlines to file briefs in opposition to or in support of the Stay Motions;
WHEREAS nothing in this stipulation prevents any party from seeking further extensions

9 on the consent of the other parties or from the Court;
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WHEREAS in light of the agreement to re-notice the hearing on the Stay Motions,
Plaintiffs' obligation to file oppositions to the Stay Motions, otherwise due on July 27, 2012, is
held in abeyance until the parties submit their agreed briefing schedule; and

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WHEREAS in the event that the Court determines not to enter an order consistent with
this stipulation, Defendants agree that, in view of Plaintiffs' reliance on this stipulation and

16 proposed order, Defendants shall not assert in any motion, brief, or proceeding that Plaintiffs
17 failed timely to file their briefs in opposition to the Stay Motions. In that event, the parties to the
18 Derivative Actions shall meet and confer regarding an alternative scheduling stipulation
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consistent with the Court's determination.

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Respectfully submitted,
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Dated: July 26, 2012

ROBBINS UMEDA LLP
BRIAN J. ROBBINS
FELIPE J. ARROYO
SHANE P SANDERS
GINA STASSI

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/s/Shane P. Sanders
SHANE P. SANDERS

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STIPULATION AND [PROPOSED] ORDER
REGARDING HEARING DATES

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Case No. 3:12-cv-03367-MMC

600 B Street, Suite 1900
San Diego, CA 92101
Telephone: [phone]
Facsimile: [phone]

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Counsel for Plaintiffs Hal Hubuschman
William Cole

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HOLZER HOLZER & FISTEL LLC
MICHAEL I. FISTEL JR.

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200 Ashford Center North, Suite 300
Atlanta, GA 30338
Telephone: [phone]
Facsimile: [phone]

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Counsel for Plaintiff William Cole

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Dated: July 26, 2012

KIRKLAND & ELLIS LLP
JAMES F. BASILE
ELIZABETH L. DEELEY

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/s/ James F. Basile
JAMES F. BASILE

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555 California Street
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [phone]

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KIRKLAND & ELLIS LLP
ANDREW B. CLUBOK )
BRANT W. BISHOP, P.C.
601 Lexington Avenue
New York, NY 10022
Telephone: [phone]
Facsimile: [phone]

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WILLKIE FARR & GALLAGHER LLP
RICHARD D. BERNSTEIN
1875 K Street, N.W.
Washington, D.C. 20006-1238
Telephone: [phone]
Facsimile: [phone]

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STIPULATION AND [PROPOSED] ORDER
REGARDING HEARING DATES

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Case No. 3:12-cv-03367-MMC

WILLKIE FARR & GALLAGHER LLP
TODD COSENZA
787 Seventh Avenue
New York, N.Y. 10019-6099, U.S.A.
Telephone: [phone]
Facsimile: [phone]

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

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I, Shane P. Sanders, am the ECF user whose ID and password are being used to file this
9 STIPULATION AND [PROPOSED] ORDER REGARDING HEARING DATES. In compliance
with General Order 45, X.B., I hereby attest that James F. Basile has concurred in this filing.
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* * * ORDER * * *

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12 PURSUANT TO STIPULATION, IT IS SO ORDERED. Plaintiff need not file an opposition
to defendants' pending Motion for Stay until the date set pursuant to further court order adopting
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a revised briefing schedule.
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_______________________
_______________________________________
July 27, 2012
15 DATED
HONORABLE MAXINE M. CHESNEY
U.S. DISTRICT JUDGE
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755764

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STIPULATION AND [PROPOSED] ORDER
REGARDING HEARING DATES

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Case No. 3:12-cv-03367-MMC