Hefler v. Wells Fargo & Company et al

Filing 95

STIPULATION AND ORDER re 93 STIPULATION WITH PROPOSED ORDER Substituting Lead Counsel filed by Guy Solomonov, Marcelo Mizuki, Union Asset Management Holding AG, Gary Hefler. Signed by Judge Jon S. Tigar on May 17, 2017. (wsn, COURT STAFF) (Filed on 5/17/2017)

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ROBBINS GELLER RUDMAN
& DOWD LLP
Shawn A. Williams (SBN 213113)
Jason C. Davis (SBN 253370)
Aelish M. Baig (SBN 201279)
Post Montgomery Center
One Montgomery Street, Suite 1800
San Francisco, California 94104
Telephone: [phone]
Facsimile: [phone]
[e-mail]
jdavis@ rgrdlaw.com
[e-mail]

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Liaison Counsel for Plaintiffs

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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
GARY HEFLER, MARCELO MIZUKI, GUY Case No. 3:16-cv-05479-JST
SOLOMONOV, and UNION ASSET
MANAGEMENT HOLDING AG, Individually
and on Behalf of All Others Similarly Situated, CLASS ACTION

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Plaintiffs,
v.
WELLS FARGO & COMPANY, JOHN G.
STUMPF, JOHN R. SHREWSBERRY,
CARRIE L. TOLSTEDT, TIMOTHY J.
SLOAN, DAVID M. CARROLL, DAVID
JULIAN, HOPE A. HARDISON, MICHAEL
J. LOUGHLIN, AVID MODJTABAI, JAMES
M. STROTHER, JOHN D. BAKER II, JOHN
S. CHEN, LLOYD H. DEAN, ELIZABETH
A. DUKE, SUSAN E. ENGEL, ENRIQUE
HERNANDEZ, JR., DONALD M. JAMES,
CYNTHIA H. MILLIGAN, FEDERICO F.
PEÑA, JAMES H. QUIGLEY, JUDITH M.
RUNSTAD, STEPHEN W. SANGER, SUSAN
G. SWENSON, and SUZANNE M.
VAUTRINOT,
Defendants.
STIPULATION AND [PROPOSED] ORDER
SUBSTITUTING LEAD COUNSEL
CASE NO. 3:16-CV-05479-JST

STIPULATION AND [PROPOSED]
ORDER SUBSTITUTING LEAD
COUNSEL

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Lead Plaintiff Union Asset Management Holding AG (“Union”) respectfully submits this

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stipulation and proposed order with regard to the appointment of Lead Counsel in the above-

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captioned matter.

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1.

WHEREAS, the Private Securities Litigation Reform Act (“PSLRA”) requires the

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Lead Plaintiff to select and retain counsel to represent the class, subject to Court approval (see 15

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U.S.C. § 78u-4(a)(3)(B)(v));

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2.

WHEREAS, on January 5, 2017, the Court appointed Union to serve as Lead

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Plaintiff in this action and approved Union’s selection of Motley Rice LLC (“Motley Rice”) as

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Lead Counsel;

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3.

WHEREAS, Union has conducted an internal review of its active litigation,

including its selection of Lead Counsel in this action;
4.

WHEREAS, as part of that review, Union retained Bernstein Litowitz Berger &

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Grossmann LLP (“Bernstein Litowitz”) to represent it and the proposed class in this action, subject

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to the approval of the Court, and terminated its relationship with Motley Rice in this case;

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5.

WHEREAS, Motley Rice has agreed to withdraw as Lead Counsel, and Union

seeks to substitute Bernstein Litowitz as Lead Counsel in this case;
6.

WHEREAS, Motley Rice does not oppose the substitution of Bernstein Litowitz as

Lead Counsel in this action;
7.

WHEREAS, Bernstein Litowitz has significant experience serving as Lead Counsel

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in securities class actions and has a proven history of handling this type of complex litigation in

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this District and in courts throughout the Country (see Bernstein Litowitz’s Firm Résumé,

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submitted herewith as Exhibit A to the accompanying Declaration of Blair A. Nicholas);

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8.

WHEREAS, counsel for Union—Bernstein Litowitz—informs all of the

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undersigned that on May 12, 2017, it contacted counsel for Defendants regarding substitution of

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counsel, and Defendants have no objection to the relief sought herein;

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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED:

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STIPULATION AND [PROPOSED] ORDER
SUBSTITUTING LEAD COUNSEL
CASE NO. 3:16-CV-05479-JST

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1.

Union’s selection of Bernstein Litowitz to serve as Lead Counsel in the above-

captioned action is approved.
2.

Motley Rice is withdrawn as Lead Counsel in the above-captioned matter.

Dated: May 16, 2017

Respectfully submitted,

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

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Liaison Counsel for Plaintiffs

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Dated: May 16, 2017

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/s/ Blair A. Nicholas
Blair A. Nicholas (Bar No. 178428)
[e-mail]
BERNSTEIN LITOWITZ BERGER
& GROSSMANN LLP
12481 High Bluff Drive, Suite 300
San Diego, CA 92130
Telephone: [phone]
Facsimile: [phone]
-and-

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SALVATORE J. GRAZIANO
(pro hac vice forthcoming)
[e-mail]
JEROEN VAN KWAWEGEN
(pro hac vice forthcoming)
[e-mail]
ADAM WIERZBOWSKI
(pro hac vice forthcoming)
[e-mail]

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STIPULATION AND [PROPOSED] ORDER
SUBSTITUTING LEAD COUNSEL
CASE NO. 3:16-CV-05479-JST

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REBECCA BOON
(pro hac vice forthcoming)
[e-mail]
ANGUS FEI NI
(pro hac vice forthcoming)
[e-mail]
BERNSTEIN LITOWITZ BERGER
& GROSSMANN LLP
1251 Avenue of the Americas
New York, NY 10020
Telephone: [phone]
Facsimile: [phone]

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Counsel for Lead Plaintiff Union Asset Management
Holding AG, and Proposed Lead Counsel for the
Class

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Dated: May 16, 2017
/s/ William H. Narwold
William H. Narwold (admitted pro hac vice)
MOTLEY RICE LLC
One Corporate Center, 20 Church St.
Hartford, Connecticut 06103
Telephone: [phone]

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

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ATTESTATION PURSUANT TO CIVIL LOCAL RULE 5.1(i)
I, Shawn A. Williams, in compliance with Civil Local Rule 5.1(i), hereby attest that I
obtained the concurrence of all of the above-listed counsel in filing this document.
Dated: May 16, 2017

/s/ Shawn A. Williams
Shawn A. Williams

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STIPULATION AND [PROPOSED] ORDER
SUBSTITUTING LEAD COUNSEL
CASE NO. 3:16-CV-05479-JST

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[PROPOSED] ORDER

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PURSUANT TO THE FOREGOING STIPULATION, IT IS SO ORDERED.

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Dated:

17, 2017
____________________________________
HON. JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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STIPULATION AND [PROPOSED] ORDER
SUBSTITUTING LEAD COUNSEL
CASE NO. 3:16-CV-05479-JST

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