Fleming v. The Charles Schwab Corporation et al

Filing 40

STIPULATION AND ORDER Dismissing Defendant Charles R. Schwab Without Prejudice. Signed by Judge Richard Seeborg on 10/19/15. (cl, COURT STAFF) (Filed on 10/19/2015)

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1 ROBBINS GELLER RUDMAN & DOWD LLP 2 ANDREW J. BROWN (160562) BENNY C. GOODMAN III (211302) 3 ASHLEY M. PRICE (281797) JUAN CARLOS SANCHEZ (301834) 4 655 West Broadway, Suite 1900 San Diego, CA 92101-8498 5 Telephone: 619/231-1058 619/231-7423 (fax) 6 andrewb@rgrdlaw.com bennyg@rgrdlaw.com 7 aprice@rgrdlaw.com jsanchez@rgrdlaw.com 8 – and – SHAWN A. WILLIAMS (213113) 9 Post Montgomery Center One Montgomery Street, Suite 1800 10 San Francisco, CA 94104 Telephone: 415/288-4545 11 415/288-4534 (fax) shawnw@rgrdlaw.com 12 Attorneys for Plaintiff 13 [Additional counsel appear on signature page.] 14 UNITED STATES DISTRICT COURT 15 NORTHERN DISTRICT OF CALIFORNIA 16 FRANCIS FLEMING, Individually and on ) Case No. 3:15-cv-02945-RS 17 Behalf of All Others Similarly Situated, ) ) CLASS ACTION 18 Plaintiff, ) ) STIPULATION AND [PROPOSED] ORDER 19 vs. ) DISMISSING DEFENDANT CHARLES R. ) SCHWAB WITHOUT PREJUDICE 20 THE CHARLES SCHWAB CORPORATION, ) et al., ) 21 ) Defendants. ) 22 ) 23 24 25 26 27 28 1081434_1 1 WHEREAS, on June 24, 2015, Plaintiff Francis Fleming filed a class action Complaint for 2 Breach of Contract, Violation of Cal. Bus. & Prof. Code §17200, et seq., Intentional 3 Misrepresentation and Omission, Negligent Misrepresentation and Omission and Aiding and 4 Abetting (the “Complaint”); 5 WHEREAS, the Complaint asserts claims against The Charles Schwab Corporation, Charles 6 Schwab & Co., Inc., Charles R. Schwab, Walter W. Bettinger II and UBS Securities LLC 7 (collectively, “Defendants”) arising out of the Company’s promise to provide its clients with “best 8 execution” and its practice of routing the majority of its clients’ orders to UBS; 9 WHEREAS, on August 21, 2015, Defendants filed motions to dismiss the Complaint 10 pursuant to Rules 12(b)(1) and 12(b)(6) of the Federal Rules of Civil Procedure; 11 WHEREAS, on September 25, 2015, Plaintiff filed a Consolidated Opposition to 12 Defendants’ Motions to Dismiss; 13 WHEREAS, the parties have conferred regarding dismissing defendant Charles R. Schwab 14 from the Complaint and have agreed that he should be voluntarily dismissed without prejudice; 15 WHEREAS, the parties also agree that each party will bear its own costs; 16 WHEREAS, the parties agree that notice to the putative class is not required because 17 Defendants have not answered the Complaint, Defendants’ motions to dismiss are pending and this 18 action has not yet been certified as a class action; 19 NOW THEREFORE, it is hereby stipulated and agreed by the parties to this Stipulation only, 20 by and through their undersigned counsel, as follows: 21 1. Charles R. Schwab shall be voluntarily dismissed without prejudice; 22 2. The parties shall each bear their own costs and expenses and thereby waive their 23 rights, if any, to seek costs or expenses from each other in connection with the above captioned 24 action; and 25 3. Notice to the putative class is not required. 26 27 28 1081434_1 STIPULATION AND [PROPOSED] ORDER DISMISSING DEFENDANT CHARLES R. SCHWAB WITHOUT PREJUDICE – No. 3:15-cv-02945-RS -1- 1 DATED: October 19, 2015 2 3 ROBBINS GELLER RUDMAN & DOWD LLP ANDREW J. BROWN BENNY C. GOODMAN III ASHLEY M. PRICE JUAN CARLOS SANCHEZ 4 5 s/ BENNY C. GOODMAN III BENNY C. GOODMAN III 6 655 West Broadway, Suite 1900 San Diego, CA 92101 Telephone: 619/231-1058 619/231-7423 (fax) 7 8 9 ROBBINS GELLER RUDMAN & DOWD LLP SHAWN A. WILLIAMS Post Montgomery Center One Montgomery Street, Suite 1800 San Francisco, CA 94104 Telephone: 415/288-4545 415/288-4534 (fax) 10 11 12 13 LAW OFFICE OF ALFRED G. YATES, JR., P.C. ALFRED G. YATES, JR. (appearance pro hac vice) GERALD L. RUTLEDGE 519 Allegheny Building 429 Forbes Avenue Pittsburgh, PA 15219 Telephone: 412/391-5164 412/471-1033 (fax) 14 15 16 17 18 19 Attorneys for Plaintiff 20 21 22 DATED: October 19, 2015 ARNOLD & PORTER LLC GILBERT R. SEROTA ERICA M. CONNOLLY 23 24 s/ GILBERT R. SEROTA GILBERT R. SEROTA 25 26 27 28 1081434_1 Three Embarcadero Center, 10th Floor San Francisco, CA 94111-4024 Telephone: 415/471-3100 415/471-3400 (fax) email: Gilbert.Serota@aporter.com STIPULATION AND [PROPOSED] ORDER DISMISSING DEFENDANT CHARLES R. SCHWAB WITHOUT PREJUDICE – No. 3:15-cv-02945-RS -2- 1 Attorneys for Defendants The Charles Schwab Corporation, Charles Schwab & Co., Inc., Charles R. Schwab, and Walter W. Bettinger II 2 3 * 4 7 8 * ORDER 5 6 * IT IS SO ORDERED. 10/19/15 DATED: _________________________ ____________________________________ THE HONORABLE RICHARD SEEBORG UNITED STATES DISTRICT JUDGE 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1081434_1 STIPULATION AND [PROPOSED] ORDER DISMISSING DEFENDANT CHARLES R. SCHWAB WITHOUT PREJUDICE – No. 3:15-cv-02945-RS -3-

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