Hefler v. Wells Fargo & Company et al

Filing 23

STIPULATION AND ORDER re 21 STIPULATION WITH [PROPOSED] ORDER TO ENLARGE TIME TO RESPOND TO COMPLAINT filed by Wells Fargo & Company. Signed by Judge Jon S. Tigar on November 21, 2016. (wsn, COURT STAFF) (Filed on 11/21/2016)

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Brendan P. Cullen (SBN 194057)
([e-mail])
Sverker K. Hogberg (SBN 244640)
([e-mail])
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone:
[phone]
Facsimile:
[phone]
Christopher M. Viapiano (pro hac vice forthcoming)
([e-mail])
SULLIVAN & CROMWELL LLP
1700 New York Avenue, N.W., Suite 700
Washington, D.C. 20006
Telephone:
[phone]
Facsimile:
[phone]

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Counsel for Defendant Wells Fargo & Company

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[Additional Counsel on Signature Page]

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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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SULLIVAN
&
CROMWELL LLP

GARY HEFLER, Individually and on Behalf of )
All Others Similarly Situated,
)
)
Plaintiff,
)
)
vs.
)
)
WELLS FARGO & COMPANY, JOHN G.
)
STUMPF, JOHN R. SHREWSBERRY and
)
CARRIE L. TOLSTEDT,
)
)
Defendants.
)
)
STEVE KLEIN, Individually and on Behalf of )
)
All Others Similarly Situated,
)
)
Plaintiff,
)
)
vs.
)
)
WELLS FARGO & COMPANY, JOHN G.
)
STUMPF, JOHN R. SHREWSBERRY and
)
CARRIE L. TOLSTEDT,
)
)
Defendants.
)

Case No. 3:16-cv-05479-JST
JOINT STIPULATION AND
[PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
The Hon. Jon S. Tigar

Case No. 3:16-cv-05513-JST

JOINT STIPULATION AND [PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3:16-CV-05479-JST; 3:16-CV-05513-JST

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WHEREAS on September 26, 2016, Gary Hefler, individually and on behalf of all others

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similarly situated, filed a putative Class Action Complaint For Violations Of the Federal Securities Laws

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(the “Hefler Complaint”) against Wells Fargo & Company (“Wells Fargo”), John G. Stumpf, John R.
Shrewsberry, and Carrie L. Tolstedt (collectively, “Defendants”);

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WHEREAS on September 28, 2016, Steve Klein, individually and on behalf of all others
similarly situated, filed a putative Class Action Complaint For Violations Of the Federal Securities Laws
(the “Klein Complaint”) against Defendants;
WHEREAS Gary Hefler and Steve Klein (together, “Plaintiffs”) and Defendants
anticipate that the above-captioned cases will be consolidated, that a lead plaintiff and lead counsel will
be appointed by the Court, and that a Consolidated Class Action Complaint will be filed thereafter;

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WHEREAS Plaintiffs and Defendants have agreed to extend the time in which
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Defendants may respond to Plaintiffs’ complaint until 60 days following the filing of a Consolidated
Class Action Complaint;
WHEREAS no prior extensions have been granted for the time in which Defendants
could respond to the Hefler Complaint or the Klein Complaint;
WHEREAS the parties agree that nothing in this Stipulation will be construed as a waiver
of any of Defendants’ or Plaintiffs’ rights or positions in law or in equity;

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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between
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SULLIVAN
&
CROMWELL LLP

Plaintiffs, by and through their counsel, and Defendants, by and through their counsel, that:
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Defendants’ time to respond to the complaints in the above-captioned actions is

hereby extended for 60 days following the filing of a Consolidated Class Action Complaint.
2.

In submitting this Stipulation, Defendants and Plaintiffs do not waive any of their

rights or positions in law or in equity, and Defendants do not waive any objection or defense they may
raise to the Court’s personal jurisdictional over them or to the propriety of venue in this case.
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JOINT STIPULATION AND [PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3:16-CV-05479-JST; 3:16-CV-05513-JST

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IT IS SO STIPULATED.

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Dated: November 18, 2016

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/s/ Brendan P. Cullen
Brendan P. Cullen (SBN 194057)
Sverker K. Hogberg (SBN 244640)
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone:
[phone]
Facsimile:
[phone]

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Christopher M. Viapiano
(pro hac vice forthcoming)
SULLIVAN & CROMWELL LLP
1700 New York Avenue, N.W., Suite 700
Washington, D.C. 20006
Telephone:
[phone]
Facsimile:
[phone]

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Counsel for Defendant Wells Fargo &
Company

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Dated: November 18, 2016

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/s/ Grant P. Fondo
Grant P. Fondo (SBN 181530)
Richard M. Strassberg
(pro hac vice forthcoming)
GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, California 94025
Telephone:
[phone]
Facsimile:
[phone]

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Counsel for Defendant John G. Stumpf

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Dated: November 18, 2016
/s/ Ismail Ramsey
Ismail Ramsey (SBN 189820)
Miles Ehrlich (SBN 237954)
RAMSEY & EHRLICH LLP
803 Hearst Avenue
Berkeley, California 94710
Telephone:
[phone]
Facsimile:
[phone]

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SULLIVAN
&
CROMWELL LLP

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Counsel for Defendant John R.
Shrewsberry

JOINT STIPULATION AND [PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3:16-CV-05479-JST; 3:16-CV-05513-JST

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Dated: November 18, 2016

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/s/ Brendan V. Sullivan, Jr.
Brendan V. Sullivan, Jr.
(pro hac vice forthcoming)
Enu A. Mainigi
(pro hac vice forthcoming)
WILLIAMS & CONNOLLY LLP
725 Twelfth Street, N.W.
Washington D.C. 20005
Telephone:
[phone]
Facsimile:
[phone]

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Counsel for Defendant Carrie L. Tolstedt

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Dated: November 18, 2016

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/s/ Shawn A. Williams
Shawn A. Williams (SBN 213113)
Aelish M. Baig (SBN 201279)
Jason C. Davis (SBN 253370)
ROBBINS GELLER RUDMAN & DOWD
LLP
One Montgomery Street, Suite 1800
San Francisco, California 94104
Telephone:
[phone]
Facsimile:
[phone]

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Counsel for Plaintiff Gary Hefler

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Dated: November 18, 2016
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/s/ Jennifer Pafiti
Jennifer Pafiti (SBN 282790)
POMERANTZ LLP
468 North Camden Drive
Beverley Hills, California 90210
Telephone:
[phone]

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Counsel for Plaintiff Steve Klein

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SULLIVAN
&
CROMWELL LLP

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JOINT STIPULATION AND [PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3:16-CV-05479-JST; 3:16-CV-05513-JST

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ATTESTATION PURSUANT TO GENERAL ORDER 45
I, Brendan P. Cullen, in compliance with General Order 45, Section X(B), hereby attest
that I obtained the concurrence of all of the above-listed counsel in filing this document.

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DATED: November 18, 2016

/s/ Brendan P. Cullen
Brendan P. Cullen

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SULLIVAN
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JOINT STIPULATION AND [PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3:16-CV-05479-JST; 3:16-CV-05513-JST

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ORDER
THE FOREGOING STIPULATION
IS APPROVED AND IT IS SO ORDERED.

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Dated:

November 21, 2016
THE HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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SULLIVAN
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CROMWELL LLP

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JOINT STIPULATION AND [PROPOSED] ORDER TO ENLARGE
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3:16-CV-05479-JST; 3:16-CV-05513-JST