Hefler v. Wells Fargo & Company et al

Filing 64

STIPULATION AND ORDER re 63 STIPULATION WITH PROPOSED ORDER to Continue Case Management Conference and Set Briefing Schedule filed by Wells Fargo & Company. Signed by Judge Jon S. Tigar on January 11, 2017. (wsn, COURT STAFF) (Filed on 1/11/2017)

1 Brendan P. Cullen (SBN 194057)
([e-mail])
2 Sverker K. Hogberg (SBN 244640)
([e-mail])
3 Ryan J. McCauley (SBN 264913)
([e-mail])
4 SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
5 Palo Alto, California 94303
Telephone:
[phone]
6 Facsimile:
[phone]

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Christopher M. Viapiano (pro hac vice forthcoming)
([e-mail])
8 SULLIVAN & CROMWELL LLP
1700 New York Avenue, N.W., Suite 700
9 Washington, D.C. 20006
Telephone:
[phone]
10 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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GARY HEFLER, Individually and on Behalf of )
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All Others Similarly Situated,
Plaintiff,

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vs.
WELLS FARGO & COMPANY, JOHN G.
STUMPF, JOHN R. SHREWSBERRY and
CARRIE L. TOLSTEDT,
Defendants.

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Case No. 3:16-cv-05479-JST
JOINT STIPULATION AND
[PROPOSED] ORDER TO CONTINUE
CASE MANAGEMENT CONFERENCE
AND SET BRIEFING SCHEDULE

The Hon. Jon S. Tigar

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CROJ.IWEU.ll.P

JOINT STIPULATION AND [PROPOSED] ORDER TO CONTINUE CASE MANAGEMENT CONFERENCE;
TIME TO RESPOND TO COMPLAINT
CASE NOS. 3: 16-CV-054 79-JST; 3: 16-CV-05513-JST

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STEVE KLEIN, Individually and on Behalf of
All Others Similarly Situated,

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Plaintiff,

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vs.

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

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WELLS FARGO & COMPANY, JOHN G.
STUMPF, JOHN R. SHREWSBERRY and
CARRIE L. TOLSTEDT,

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Defendants.

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WHEREAS, on January 5, 2017, the Court held a hearing on Plaintiff Union Asset

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Management Holding AG' s ("Union") motion to consolidate the above captioned actions (the "Related

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Securities Class Actions"), to appoint Union as Lead Plaintiff, and to approve Union's selection of

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counsel for the class (Dkt. No. 29) (the "Motion");

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WHEREAS, on January 5, 2017, the Court issued an Order Consolidating Cases and
Appointing Lead Plaintiff and Lead Counsel (Dkt. No. 58), which granted the Motion;

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WHEREAS, at the January 5, 2017, hearing the Court invited the parties to file a
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stipulation to continue the case management conference currently set for January 25, 2017 (the "CMC"),
which was set automatically by the Court's electronic docketing software;
WHEREAS, on November 21, 2016, the Court entered the parties' Joint Stipulation and
[Proposed] Order to Enlarge Time to Respond to Complaint (Dkt. No. 23), pursuant to which the parties
agreed to extend the time in which Defendants may respond until 60 days following the filing of a

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Consolidated Class Action Complaint;
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WHEREAS, the parties have now met and conferred and have agreed to a schedule for
Lead Plaintiff to file a Consolidated Class Action Complaint and to a briefing schedule on Defendants'
forthcoming motions to dismiss the Consolidated Class Action Complaint;

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JOINT STIPULATION AND [PROPOSED] ORDER TO CONTINUE CASE MANAGEMENT CONFERENCE
TIME TO RESPOND TO COMPLAINT

CASE NOS. 3: 16-CV-054 79-JST; 3: 16-CV-05513-JST

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WHEREAS, the parties believe that the interests of judicial efficiency and economy

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would be best served by continuing the CMC until after the Court has heard and issued an order on

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Defendants' forthcoming motions to dismiss the Consolidated Class Action Complaint;
WHEREAS, the parties agree that nothing in this Stipulation will be construed as a

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waiver of any of Defendants' or Lead Plaintiffs rights or positions in law or in equity;
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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between Lead
Plaintiff, by and through its counsel, and Defendants, by and through their counsel, that:
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Lead Plaintiff shall file a Consolidated Class Action Complaint on or before

March 6, 2017.

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Defendants shall respond to the Consolidated Class Action Complaint, by filing

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motions to dismiss or otherwise, on or before May 5, 2017.
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3.

Lead Plaintiff shall file oppositions to Defendants' motions to dismiss, if any, on

or before July 7, 2017.
4.

Defendants shall file replies in support of their motions to dismiss, if any, on or

before August 11, 2017.

5.

The CMC currently scheduled for January 25, 2017 shall be continued to a date

and time, to be set by the Court subject to its availability, following the Court's ruling on the

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Defendants' forthcoming motions to dismiss.
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Dated: January11,2017

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Is/ Brendan P Cullen

Brendan P. Cullen (SBN 194057)
Sverker K. Hogberg (SBN 244640)
Rvan J. McCauley (SBN 264913)
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone:
[phone]
Facsimile:
[phone]

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CRDJ.IWEU.u.P

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

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

Counsel for Defendant Wells Fargo &
Comoanv

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

Counsel for Defendant John G. Stumpf

Is/ Ismail Ramsev
Ismail Ramsev (SBN 189820)
Miles Ehrlich (SBN 237954)
RAMSEY & EHRLICH LLP
803 Hearst A venue
Berkeley, California 94710
Telephone:
[phone]
Facsimile:
[phone]

Counsel for Defendant John R.
Shrewsberrv

lsi Enu A Maini pj
Enu A. Mainigi
(oro hac vice forthcoming)
WILLIAMS & CONNOLLY LLP
725 Twelfth Street, N.W.
Washington D.C. 20005
Telephone:
[phone]
Facsimile:
[phone]
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CROMWEll. U.P

Counsel for Defendant Carrie L. Tolstedt
JOINT STIPULATION AND [PROPOSED] ORDER TO CONTINUE CASE MANAGEMENT CONFERENCE
TIME TO RESPOND TO COMPLAINT
CASE NOS.

3: 16-CV-05479-JST; 3: 16-CV-05513-JST

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Dated: January 11, 2017

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Is/ Wmiam H Narwold

William H. Narwold (admitted oro hac vice)
MOTLEY RICE LLC
One Corporate Center, 20 Church St.
Hartford, Connecticut 061 03
Telephone:
[phone]

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GreggS. Levin (admitted pro hac vice)
MOTLEY RICE LLC
28 Bridgeside Blvd.
Mt. Pleasant, South Carolina 29464
Telephone:
[phone]

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Counsel for Lead Plaintiff

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

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Liaison Counsel

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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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Is/ Brendan P. Cullen

DATED: January 11,2017

Brendan P. Cullen
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CROMWEU.UP

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JOINT STIPULATION AND [PROPOSED] ORDER TO CONTINUE CASE MANAGEMENT CONFERENCE
TIME TO RESPOND TO COMPLAINT

CASE NOS. 3:16-CV-05479-JST; 3: 16-CV-05513-JST

ORDER

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

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4 Dated:
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January 11, 2017
THE HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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CRo~twEu. u.r

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