Fleming v. The Charles Schwab Corporation et al
Filing
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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)
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
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– 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
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Attorneys for Plaintiff
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[Additional counsel appear on signature page.]
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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FRANCIS FLEMING, Individually and on
) Case No. 3:15-cv-02945-RS
17 Behalf of All Others Similarly Situated,
)
) CLASS ACTION
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Plaintiff,
)
) STIPULATION AND [PROPOSED] ORDER
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vs.
) DISMISSING DEFENDANT CHARLES R.
) SCHWAB WITHOUT PREJUDICE
20 THE CHARLES SCHWAB CORPORATION, )
et al.,
)
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)
Defendants.
)
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)
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1081434_1
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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”);
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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;
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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;
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WHEREAS, on September 25, 2015, Plaintiff filed a Consolidated Opposition to
12 Defendants’ Motions to Dismiss;
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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;
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WHEREAS, the parties also agree that each party will bear its own costs;
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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;
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NOW THEREFORE, it is hereby stipulated and agreed by the parties to this Stipulation only,
20 by and through their undersigned counsel, as follows:
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1.
Charles R. Schwab shall be voluntarily dismissed without prejudice;
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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
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3.
Notice to the putative class is not required.
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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
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3
ROBBINS GELLER RUDMAN
& DOWD LLP
ANDREW J. BROWN
BENNY C. GOODMAN III
ASHLEY M. PRICE
JUAN CARLOS SANCHEZ
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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)
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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)
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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)
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Attorneys for Plaintiff
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DATED: October 19, 2015
ARNOLD & PORTER LLC
GILBERT R. SEROTA
ERICA M. CONNOLLY
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s/ GILBERT R. SEROTA
GILBERT R. SEROTA
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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
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ORDER
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IT IS SO ORDERED.
10/19/15
DATED: _________________________
____________________________________
THE HONORABLE RICHARD SEEBORG
UNITED STATES DISTRICT JUDGE
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STIPULATION AND [PROPOSED] ORDER DISMISSING DEFENDANT CHARLES R. SCHWAB
WITHOUT PREJUDICE – No. 3:15-cv-02945-RS
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