Bristow v. SunPower Corporation et al

Filing 44

STIPULATION AND ORDER (12 in 3:16-cv-04915-RS) (38 in 3:16-cv-04710-RS)Regarding Continuance of Case Management Conferences and Extending Defendants' Time to Respond to Complaints. Initial Case Management Conference set for 1/26/2017 at 10:00 AM in Courtroom 3, 17th Floor, San Francisco. Signed by Judge Richard Seeborg on 11/8/16. (cl, COURT STAFF) (Filed on 11/8/2016)

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STEVEN M. SCHATZ, State Bar No. 118356
KATHERINE L. HENDERSON, State Bar No. 242676
DIANE M. WALTERS, State Bar No. 148136
MICHAEL PETROCELLI, State Bar No. 269460
WILSON SONSINI GOODRICH & ROSATI
Professional Corporation
650 Page Mill Road
Palo Alto, CA 94304-1050
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
Email: [e-mail]
Email: [e-mail]
Email: [e-mail]

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Attorneys for Defendants
SUNPOWER CORPORATION.
THOMAS H. WERNER, and
CHARLES D. BOYNTON

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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KENNETH BRISTOW, Individually and On
Behalf of All Others Similarly Situated,

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Plaintiff,
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v.
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SUNPOWER CORPORATION, THOMAS H.
WERNER, and CHARLES D. BOYNTON,

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Defendants.

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JAY PATEL, Individually and On Behalf of All
Others Similarly Situated,

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Plaintiff,

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v.

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SUNPOWER CORPORATION, THOMAS H.
WERNER, and CHARLES D. BOYNTON,

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Defendants.
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STIPULATION RE CONTINUANCE OF CMCS AND
EXTENDING TIME TO RESPOND TO COMPLAINTS
CASE NOS. 16-CV-04710-RS, 16-CV-04915-RS

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CASE NO.: 3:16-cv-04710-RS
STIPULATION AND [PROPOSED]
ORDER REGARDING
CONTINUANCE OF CASE
MANAGEMENT CONFERENCES
AND EXTENDING DEFENDANTS’
TIME TO RESPOND TO
COMPLAINTS
(Civ. L.R. 3-12)

CASE NO.: 3:16-cv-04915-RS

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WHEREAS, the complaints in the above-captioned related shareholder class actions set

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forth claims under the federal securities laws that are subject to the requirements of the Private

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Securities Litigation Reform Act of 1995 (“PSLRA”), including those set forth in 15 U.S.C.

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§ 78u-4;

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WHEREAS, the PSLRA requires that, after filing a securities class action, the plaintiff

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must give notice of the action to allow other interested shareholders the opportunity to file

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motions for appointment as lead plaintiff (see 15 U.S.C. § 78u-4(a)(3)) and, thereafter, that the

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Court appoint a lead plaintiff;

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WHEREAS, on October 17, 2016, multiple movants filed competing motions seeking to

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be appointed lead plaintiff and to consolidate the Bristow and Patel actions (Dkt. Nos. 13, 17, 18,

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22, 26);

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WHEREAS, the hearing regarding the lead plaintiff motions is scheduled for December
8, 2016;
WHEREAS, pursuant to the August 18, 2016 Order Setting Initial Case Management

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Conference in the Bristow action, a Case Management Conference was scheduled for November

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17, 2016 and subsequently continued to November 18, 2016 pursuant to the Clerk’s Notice

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issued November 1, 2016;

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WHEREAS, prior to reassignment to this Court, a Case Management Conference in the
Patel action was set for November 29, 2016;
WHEREAS, to avoid unnecessary expenditure of judicial resources or effort by the

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parties and the Court, counsel for plaintiffs in the Bristow and Patel actions and defendants have

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agreed (1) that defendants need not respond to the Bristow and Patel complaints or the complaint

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in any action consolidated into this action, other than an amended or consolidated complaint or a

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complaint designated as the operative complaint after the appointment of lead plaintiff; and (2) to

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continue the Initial Case Management Conferences in the Bristow and Patel actions and

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associated deadlines until after a lead plaintiff has been appointed to represent the alleged class.

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NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and among
counsel for the undersigned parties, subject to approval of the Court, as follows:
STIPULATION RE CONTINUANCE OF CMCS AND
EXTENDING TIME TO RESPOND TO COMPLAINTS
CASE NOS. 16-CV-04710-RS, 16-CV-04915-RS

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Defendants are not required to respond to the Bristow and Patel complaints or the

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complaint in any action consolidated into this action, other than an amended or consolidated

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complaint or a complaint designated as the operative complaint after the appointment of lead

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plaintiff.

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2.

The Initial Case Management Conferences (“CMC”) in the Bristow and Patel

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actions, currently scheduled for November 18, 2016, and November 29, 2016, respectively, and

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the associated CMC and ADR deadlines in the Bristow and Patel actions, shall be vacated and

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are hereby adjourned to such other date and time as this Court shall order.

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STIPULATION RE CONTINUANCE OF CMCS AND
EXTENDING TIME TO RESPOND TO COMPLAINTS
CASE NOS. 16-CV-04710-RS, 16-CV-04915-RS

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Dated: November 2, 2016

WILSON SONSINI GOODRICH & ROSATI
Professional Corporation

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By: /s/Steven M. Schatz
Steven M. Schatz

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650 Page Mill Road
Palo Alto, CA 94304-1050
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]

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Attorneys for Defendants

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Dated: November 2, 2016

GLANCY PRONGAY & MURRAY LLP

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By: /s/ Lesley F. Portnoy
Lesley F. Portnoy

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Lionel Z. Glancy
Robert V. Prongay
Lesley F. Portnoy
Charles H. Linehan
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]

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LAW OFFICES OF HOWARD G. SMITH
Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, PA 19020
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Plaintiff Kenneth Bristow
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STIPULATION RE CONTINUANCE OF CMCS AND
EXTENDING TIME TO RESPOND TO COMPLAINTS
CASE NOS. 16-CV-04710-RS, 16-CV-04915-RS

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Dated: November 2, 2016

POMERANTZ LLP

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By: /s/ J. Alexander Hood, II
J. Alexander Hood II, admitted pro hac vice

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Jeremy A. Lieberman
J. Alexander Hood II
600 Third Avenue, 20th Floor
New York, New York 10016
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]

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POMERANTZ LLP
Jennifer Pafiti
468 North Camden Drive
Beverly Hills, CA 90210
Telephone: [phone]

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Attorneys for Plaintiff Jay Patel

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STIPULATION RE CONTINUANCE OF CMCS AND
EXTENDING TIME TO RESPOND TO COMPLAINTS
CASE NOS. 16-CV-04710-RS, 16-CV-04915-RS

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PURSUANT TO STIPULATION, IT IS SO ORDERED.
DATED: ________________
11/8/16

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_____________________________________
The Honorable Richard Seeborg
United States District Judge

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STIPULATION RE CONTINUANCE OF CMCS AND
EXTENDING TIME TO RESPOND TO COMPLAINTS
CASE NOS. 16-CV-04710-RS, 16-CV-04915-RS

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