Newett v. Leapfrog Enterprises, Inc. et al

Filing 139

STIPULATION AND ORDER re 138 TO EXTEND THE CLASS CERTIFICATION DEADLINES filed by KBC Asset Management NV. Class Certification Motion Hearing set for 3/1/2018 01:30 PM in Courtroom 5, 17th Floor, San Francisco before Edward M. Chen. Signed by Judge Edward M. Chen on 8/22/17. (bpfS, COURT STAFF) (Filed on 8/22/2017)

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1 ROBBINS GELLER RUDMAN & DOWD LLP 2 SHAWN A. WILLIAMS (213113) WILLOW E. RADCLIFFE (200087) 3 MATTHEW S. MELAMED (260272) Post Montgomery Center 4 One Montgomery Street, Suite 1800 San Francisco, CA 94104 5 Telephone: 415/288-4545 415/288-4534 (fax) 6 shawnw@rgrdlaw.com willowr@rgrdlaw.com 7 mmelamed@rgrdlaw.com 8 MOTLEY RICE LLC JAMES M. HUGHES (pro hac vice) 9 WILLIAM S. NORTON CHRISTOPHER F. MORIARTY (pro hac vice) 10 28 Bridgeside Blvd. Mount Pleasant, SC 29464 11 Telephone: 843/216-9000 843/216-9450 (fax) 12 jhughes@motleyrice.com bnorton@motleyrice.com 13 cmoriarty@motleyrice.com 14 Co-Lead Counsel for Plaintiffs 15 UNITED STATES DISTRICT COURT 16 NORTHERN DISTRICT OF CALIFORNIA 17 In re LEAPFROG ENTERPRISES, INC. SECURITIES LITIGATION 18 19 This Document Relates To: 20 ALL ACTIONS. 21 22 23 24 25 26 27 28 1299294_1 ) ) ) ) ) ) ) ) ) Master File No. 3:15-cv-00347-EMC CLASS ACTION STIPULATION AND [PROPOSED] ORDER TO EXTEND THE CLASS CERTIFICATION DEADLINES 1 Pursuant to Civil Local Rules 6-2 and 7-12, the parties – lead plaintiff KBC Asset 2 Management NV (“Lead Plaintiff”) and defendants LeapFrog Enterprises, Inc., John Barbour, and 3 Raymond L. Arthur (“Defendants”) – by and through their undersigned counsel of record, submit the 4 following stipulation and proposed order: 5 WHEREAS, the Court has previously made time modifications in this case (Dkt. Nos. 49, 69, 6 96, 99, 108, 125, 130, 133); 7 WHEREAS, this is the first request for a modification of the deadlines to move for class 8 certification; 9 WHEREAS, on April 6, 2017, the Court referred this case to private mediation and ordered 10 that private mediation be completed by July 6, 2017 (Dkt. No. 123); 11 WHEREAS, the parties anticipate that class certification may require discovery from the 12 class representative, the submission of expert reports, and depositions of the experts; 13 WHEREAS, the Court also ordered that, in the event the case does not settle, Lead Plaintiff’s 14 class certification motion shall be filed by September 7, 2017, and oral argument shall be heard on 15 December 7, 2017, with the parties to agree on a briefing schedule and submit the stipulated 16 schedule to the Court (Dkt. No. 123); 17 WHEREAS, on May 31, 2017, the Court continued the deadline to conduct private mediation 18 to September 7, 2017 due to availability of the parties and the Honorable James Ware (Ret.), who 19 will preside over the private mediation (Dkt. No. 130); 20 WHEREAS, proceeding to class certification on the schedule that existed when the mediation 21 was scheduled to take place in July may, at this point, needlessly waste judicial resources and may 22 constitute a substantial and unnecessary burden on the parties; 23 WHEREAS, the parties have conferred and agreed that, subject to Court approval, the 24 deadline for Lead Plaintiff to move for class certification should be continued to November 7, 2017; 25 Defendants shall have until December 21, 2017 to file any opposition to class certification; Lead 26 Plaintiff shall have until February 7, 2018 to file any reply in support of class certification; and oral 27 argument should be continued to March 1, 2018 at 1:30 p.m. or to another date and time convenient 28 to the Court other than February 22, 2017; and 1299294_1 STIPULATION AND [PROPOSED] ORDER TO EXTEND THE CLASS CERTIFICATION DEADLINES - 3:15-cv-00347-EMC -1- 1 WHEREAS, the parties agree that, in the event anyone other than Lead Plaintiff moves for 2 appointment as class representative, the parties will revisit this schedule to ensure Defendants have 3 sufficient time to take discovery relevant to the class certification determination regarding the 4 previously unnamed proposed representative; 5 NOW, THEREFORE, the parties hereby agree and stipulate that: 6 1. The deadline for Lead Plaintiff to move for class certification is continued to 7 November 7, 2017; 8 2. Defendants shall have until December 21, 2017 to file any opposition to class 9 certification; 3. 10 Lead Plaintiff shall have until February 7, 2018 to file any reply in support of class 11 certification; and 4. 12 Oral argument on Lead Plaintiff’s class certification motion shall be rescheduled for 13 March 1, 2018 at 1:30 p.m., or another date and time convenient to the Court other than February 22, 14 2018. 15 DATED: August 17, 2017 16 17 ROBBINS GELLER RUDMAN & DOWD LLP SHAWN A. WILLIAMS WILLOW E. RADCLIFFE MATTHEW S. MELAMED 18 19 s/ Matthew S. Melamed MATTHEW S. MELAMED 20 21 22 Post Montgomery Center One Montgomery Street, Suite 1800 San Francisco, CA 94104 Telephone: 415/288-4545 415/288-4534 (fax) 23 27 MOTLEY RICE LLC JAMES M. HUGHES WILLIAM S. NORTON CHRISTOPHER F. MORIARTY 28 Bridgeside Blvd. Mount Pleasant, SC 29464 Telephone: 843/216-9000 843/216-9450 (fax) 28 Co-Lead Counsel for Plaintiffs 24 25 26 1299294_1 STIPULATION AND [PROPOSED] ORDER TO EXTEND THE CLASS CERTIFICATION DEADLINES - 3:15-cv-00347-EMC -2- 1 2 DATED: August 17, 2017 MORRISON & FOERSTER JORDAN ETH MARK R.S. FOSTER 3 4 Mark R.S. Foster MARK R.S. FOSTER 5 6 425 Market Street San Francisco, CA 94105-2482 Telephone: 415/268-7000 416/268-7522 (fax) 7 8 Attorneys for Defendants 9 Civil Local Rule 5-1(i)(3), I hereby attest that Mark R.S. Foster has concurred in this filing. s/ Matthew S. Melamed MATTHEW S. MELAMED * 16 THE HONORABLE EDWARD M. CHEN UNITED STATES DISTRICT JUDGE n M. Che Edward Judge ER H 21 D RDERE S SO O IT I ____________________________________ PURSUANT TO STIPULATION, IT IS SO ORDERED. RT 20 S DISTRICT TE C TA NO 19 S ORDER August 22, 2017 17 DATED: _________________________ 18 * RT U O 15 * UNIT ED 14 R NIA 13 FO 12 Stipulation and [Proposed] Order to Extend the Class Certification Deadlines. In compliance with LI 11 I, Matthew S. Melamed, am the ECF User whose ID and password are being used to file this A 10 N F D IS T IC T O R C 22 23 24 25 26 27 28 1299294_1 STIPULATION AND [PROPOSED] ORDER TO EXTEND THE CLASS CERTIFICATION DEADLINES - 3:15-cv-00347-EMC -3- 1 2 CERTIFICATE OF SERVICE I hereby certify that on August 17, 2017, I authorized the electronic filing of the foregoing 3 with the Clerk of the Court using the CM/ECF system which will send notification of such filing to 4 the e-mail addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I 5 caused to be mailed the foregoing document or paper via the United States Postal Service to the non6 CM/ECF participants indicated on the attached Manual Notice List. 7 I certify under penalty of perjury under the laws of the United States of America that the 8 foregoing is true and correct. Executed on August 17, 2017. 9 s/ Matthew S. Melamed MATTHEW S. 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