Evellard v. LendingClub Corporation et al

Filing 161

STIPULATION AND ORDER RESCHEDULING HEARING ON MOTIONS TO DISMISS by Hon. William Alsup granting 160 Stipulation.(whalc1, COURT STAFF) (Filed on 2/17/2017)

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SAN FRANCISCO

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ATTORNEYS AT LAW

F ENWICK & W EST LLP

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KEVIN P. MUCK (CSB No. 120918)
[e-mail]
MARIE C. BAFUS (CSB No. 258417)
[e-mail]
FENWICK & WEST LLP
555 California Street, 12th Floor
San Francisco, California 94104
Telephone:
[phone]
Facsimile:
[phone]
JAY L. POMERANTZ (CSB No. 209869)
[e-mail]
CARLY L. BITTMAN (CSB No. 305513)
[e-mail]
FENWICK & WEST LLP
801 California Street
Mountain View, California 94041
Telephone:
[phone]
Facsimile:
[phone]
Attorneys for Defendants LendingClub Corporation,
Daniel T. Ciporin, Jeffrey Crowe, Carrie Dolan, Rebecca
Lynn, John J. Mack, Mary Meeker, John C. (Hans) Morris,
Lawrence H. Summers and Simon Williams

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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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IN RE LENDINGCLUB SECURITIES
LITIGATION

Case No. 3:16-CV-02627-WHA

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CLASS ACTION

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STIPULATION AND [PROPOSED] ORDER
RESCHEDULING HEARING ON
MOTIONS TO DISMISS

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This Document Relates To:
ALL ACTIONS

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STIP. AND [PROP.] ORDER RESCHEDULING
HEARING ON MOTIONS TO DISMISS

CASE NO. 3:16-CV-02627-WHA

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Pursuant to the Northern District of California Civil Local Rules (“Local Rules”) 6-1, 6-2,

(Hans) Morris, Lawrence H. Summers and Simon Williams (collectively, the “LendingClub

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Defendants”), defendant Renaud Laplanche, defendants Morgan Stanley & Co. LLC, Goldman,

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Sachs & Co., Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc., Allen &

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Company LLC, Stifel, Nicolaus & Company, Incorporated, BMO Capital Markets Corp., William

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Blair & Company, L.L.C., and Wells Fargo Securities, LLC (collectively, the “Underwriter

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Defendants” and together with the other defendants, the “Defendants”), and lead plaintiff Water

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and Power Employees’ Retirement, Disability and Death Plan of the City of Los Angeles (“Lead

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Plaintiff” and together with Defendants, the “Parties”) in the above-captioned action, by and

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SAN FRANCISCO

Ciporin, Jeffrey Crowe, Carrie Dolan, Rebecca Lynn, John J. Mack, Mary Meeker, John C.

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ATTORNEYS AT LAW

and 7-12, defendants LendingClub Corporation (“LendingClub” or the “Company”), Daniel T.

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F ENWICK & W EST LLP

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through their counsel, hereby stipulate to the following:

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WHEREAS, on January 20, 2017, Defendants filed motions to dismiss the Consolidated

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Complaint (“Motions to Dismiss”) [Dkt. Nos. 139, 142 and 148], and noticed a hearing date of

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March 2, 2017;

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WHEREAS, prior to filing the Motions to Dismiss, on November 10, 2016, the Parties,

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which at that time did not include the Underwriter Defendants, filed the Joint Case Management

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Conference Statement [Dkt. No. 117] which requested that the hearing on motions to dismiss not

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be set during the week of March 6 through 10, 2017, due to scheduling conflicts;

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WHEREAS, on February 8, 2017, the Court entered a notice continuing the hearing to
March 8, 2017 [Dkt. No. 155];
WHEREAS, the Parties have met and conferred, obtained from the Court alternative

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available dates for the hearing, and have agreed that the hearing should be set for March 23, 2017,

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at 8:00 a.m.;

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IT IS ACCORDINGLY STIPULATED, by and between the undersigned counsel for

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the parties, that subject to approval by the Court, the hearing on the Motions to Dismiss should be

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rescheduled from March 8, 2017 to March 23, 2017, at 8:00 a.m.

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STIP. AND [PROP.] ORDER RESCHEDULING
HEARING ON MOTIONS TO DISMISS

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CASE NO. 3:16-CV-02627-WHA

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Dated: February 16, 2017

FENWICK & WEST LLP

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By: /s/ Marie C. Bafus
Marie C. Bafus

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555 California Street, 12th Floor
San Francisco, California 94104
Telephone:[phone]
Facsimile: [phone]
Attorneys for Defendants
LendingClub Corporation, Daniel T. Ciporin,
Jeffrey Crowe, Carrie Dolan, Rebecca Lynn,
John J. Mack, Mary Meeker, John C. (Hans)
Morris, Lawrence H. Summers and Simon
Williams

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Dated: February 16, 2017

ROBBINS GELLER RUDMAN & DOWD LLP
By: /s/ Jason A. Forge
Jason A. Forge

SAN FRANCISCO

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ATTORNEYS AT LAW

F ENWICK & W EST LLP

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655 West Broadway, Suite 1900
San Diego, CA 92101
Telephone:[phone]
Facsimile: [phone]
Lead Counsel for Lead Plaintiff
Water and Power Employees’ Retirement,
Disability and Death Plan of the City of Los
Angeles

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Dated: February 16, 2017

MILBANK, TWEED, HADLEY & MCCLOY LLP

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By: /s/ Robert J. Liubicic
Robert J. Liubicic

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2029 Century Park East, 33rd Floor
Los Angeles, California 90067
Telephone:[phone]
Facsimile: [phone]
Attorneys for Defendant Renaud Laplanche

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STIP. AND [PROP.] ORDER RESCHEDULING
HEARING ON MOTIONS TO DISMISS

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CASE NO. 3:16-CV-02627-WHA

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Dated: February 16, 2017

SIMPSON THACHER & BARTLETT LLP

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By: /s/ Simona G. Strauss
Simona G. Strauss

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2475 Hanover Street
Palo Alto, California 94304
Telephone:[phone]
Facsimile: [phone]
Attorneys for the Underwriter Defendants
Morgan Stanley & Co. LLC, Goldman, Sachs &
Co., Credit Suisse Securities (USA) LLC,
Citigroup Global Markets Inc., Allen &
Company LLC, Stifel, Nicolaus & Company,
Incorporated, BMO Capital Markets Corp.,
William Blair & Company, L.L.C., and Wells
Fargo Securities, LLC

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SAN FRANCISCO

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ATTORNEYS AT LAW

F ENWICK & W EST LLP

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Pursuant to Civil Local Rule 5-1(i)(3), all signatories concur in filing this stipulation.
Dated: February 16, 2017

By: /s/ Marie C. Bafus
Marie C. Bafus

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***

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[PROPOSED] ORDER

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PURSUANT TO STIPULATION, IT IS HEREBY ORDERED that the hearing on
defendants’ motions to dismiss is continued to March 23, 2017 at 8:00 a.m.

Dated: February 17, 2017.
Hon. William H. Alsup
United States District Court Judge

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STIP. AND [PROP.] ORDER RESCHEDULING
HEARING ON MOTIONS TO DISMISS

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CASE NO. 3:16-CV-02627-WHA