Shaev v. Baker, II et al
Filing
138
STIPULATION AND ORDER re 137 STIPULATION WITH PROPOSED ORDER Regarding Defendant John G. Stumpf's Response to the Consolidated Complaint filed by John G. Stumpf. Signed by Judge Jon S. Tigar on June 5, 2017. (wsn, COURT STAFF) (Filed on 6/5/2017)
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Grant P. Fondo (181530)
gfondo@goodwinlaw.com
Lloyd Winawer (157823)
lwinawer@goodwinlaw.com
GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, CA 94025
Tel: (650) 752-3100
Fax: (650) 853-1038
Richard M. Strassberg (pro hac vice)
rstrassberg@goodwinlaw.com
GOODWIN PROCTER LLP
The New York Times Building
620 Eighth Avenue
New York, NY 10018
Tel: (212) 813-8800
Fax: (212) 355-3333
[Additional counsel identified on signature
page]
Attorneys for Defendant
John G. Stumpf
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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IN RE WELLS FARGO & COMPANY
SHAREHOLDER DERIVATIVE
LITIGATION
Lead Case No. 3:16-cv-05541-JST
This Document Relates To:
STIPULATION AND [PROPOSED] ORDER
REGARDING DEFENDANT JOHN G.
STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
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ALL ACTIONS.
(Consolidated with Nos. 3:16-cv-05592; 3:16cv-05745; 3:16-cv-05817; 3:16-cv-05915; 3:16cv-06262; 3:16-cv-06624; and 3:16-cv-06631)
Courtroom: 9, 19th Floor
Hon. Jon S. Tigar
Judge:
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STIPULATION AND [PROPOSED] ORDER REGARDING DEFENDANT JOHN G. STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
LEAD CASE NO. 3:16-CV-05541-JST
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Pursuant to Local Civil Rule 6-2 and 7-12, Lead Plaintiffs Fire and Police Pension
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Association of Colorado and The City of Birmingham Retirement and Relief System (“Lead
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Plaintiffs”) and Defendant John G. Stumpf, by and through their undersigned counsel of record,
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hereby agree and stipulate as follows:
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WHEREAS, on February 8, 2017, the Court entered an order setting the briefing schedule on
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Defendants’ motion to dismiss the Consolidated Complaint on the threshold issue of demand futility,
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while preserving Defendants’ right to assert other defenses, including by motion or otherwise, after
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the Court’s consideration of Defendants’ demand futility motion to dismiss [Dkt. 81];
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WHEREAS, on February 24, 2017, Lead Plaintiffs filed their Consolidated Amended
Verified Stockholder Derivative Complaint (“Complaint”) [Dkt. 83];
WHEREAS, on March 17, 2017, Defendant Wells Fargo & Co. filed a motion to dismiss the
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Complaint for failure to adequately plead demand futility [Dkt. 99], which was fully briefed and
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subsequently argued before this Court on May 4, 2017;
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WHEREAS, on May 4, 2017, the Court issued an order denying in part and granting in part
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Defendant Wells Fargo & Co.’s motion to dismiss [Dkt. 129], holding that Plaintiffs had adequately
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pled demand futility;
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WHEREAS, on May 30, 2017, the Court issued an order approving a stipulation among all
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parties in this action and ordering that Defendants shall move to dismiss or otherwise respond to the
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Complaint on or before June 5, 2017;
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WHEREAS, it is anticipated that certain Defendants will file motions to dismiss the
Complaint on June 5, 2017;
WHEREAS, counsel for Lead Plaintiffs and Mr. Stumpf have met and agreed that in the
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event that Mr. Stumpf does not join in any motion to dismiss filed by any Defendant on or before
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June 5, 2017, justification and good cause exists for extending until June 30, 2017 the date by which
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Mr. Stumpf shall file an answer to the Complaint.
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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between Lead
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Plaintiffs and Mr. Stumpf, by and through their respective counsel, that in the event that Mr. Stumpf
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STIPULATION AND [PROPOSED] ORDER REGARDING DEFENDANT JOHN G. STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
LEAD CASE NO. 3:16-CV-05541-JST
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does not join in any Defendant’s motion to dismiss the Complaint on or before June 5, 2017, Mr.
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Stumpf shall file an answer to the Complaint on or before June 30, 2017.
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Dated: June 2, 2017
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By: /s/ Lloyd Winawer
Grant P. Fondo (181530)
gfondo@goodwinlaw.com
Lloyd Winawer (157823)
lwinawer@goodwinlaw.com
GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, CA 94025
Tel: (650) 752-3100
Fax: (650) 853-1038
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Richard M. Strassberg (pro hac vice)
rstrassberg@goodwinlaw.com
GOODWIN PROCTER LLP
The New York Times Building
620 Eighth Avenue
New York, NY 10018
Tel: (212) 813-8800
Fax: (212) 355-3333
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Attorneys for Defendant
John G. Stumpf
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GOODWIN PROCTER LLP
Dated: June 2, 2017
LIEFF CABRASER HEIMANN & BERNSTEIN, LLP
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By: /s/ Richard M. Heimann (with permission)
Richard M. Heimann (063607)
rheimann@lchb.com
Joy A. Kruse (142799)
jakruse@lchb.com
Katherine C. Lubin (259826)
kbenson@lchb.com
LIEFF CABRASER HEIMANN &
BERNSTEIN, LLP
275 Battery Street, 29th Floor
San Francisco, CA 94111-3339
Telephone: (415) 956-1000
Facsimile: (415) 956-1008
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STIPULATION AND [PROPOSED] ORDER REGARDING DEFENDANT JOHN G. STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
LEAD CASE NO. 3:16-CV-05541-JST
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Steven E. Fineman (140335)
sfineman@lchb.com
Daniel P. Chiplock (pro hac vice application to
be filed)
dchiplock@lchb.com
Nicholas Diamand (pro hac vice)
ndiamand@lchb.com
Michael J. Miarmi (pro hac vice)
mmiarmi@lchb.com
LIEFF CABRASER HEIMANN &
BERNSTEIN, LLP
250 Hudson Street, 8th Floor
New York, NY 10013-1413
Telephone: (212) 355-9500
Facsimile: (212) 355-9592
Attorneys for Plaintiff Fire & Police Pension
Association of Colorado and Co-Lead Counsel
Maya Saxena (pro hac vice)
msaxena@saxenawhite.com
Joseph E. White, III (pro hac vice)
jwhite@saxenawhite.com
Lester R. Hooker (241590)
lhooker@saxenawhite.com
Jorge A. Amador (237800)
jamador@saxenawhite.com
Adam D. Warden (Pro hac vice application to
be filed)
awarden@saxenawhite.com
Dianne M. Anderson (103670)
danderson@saxenawhite.com
SAXENA WHITE P.A.
5200 Town Center Circle, Suite 601
Boca Raton, FL 33486
Telephone: (561) 394-3399
Facsimile: (561) 394-3382
Steven B. Singer (Pro hac vice application to
be filed)
4 West Red Oak Lane, Suite 312
White Plains, NY 10604
Telephone: (914) 437-8551
Facsimile: (888) 631-3611
ssinger@saxenawhite.com
Attorneys for Plaintiff The City of
Birmingham Retirement and Relief System
and Co-Lead Counsel
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STIPULATION AND [PROPOSED] ORDER REGARDING DEFENDANT JOHN G. STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
LEAD CASE NO. 3:16-CV-05541-JST
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ATTORNEY ATTESTATION
I, Lloyd Winawer, hereby attest, pursuant to Local Civil Rule 5-1(i)(3) that I obtained the
concurrence of all of the above-listed counsel in filing this document.
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DATED: June 2, 2017
/s/ Lloyd Winawer
Lloyd Winawer
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STIPULATION AND [PROPOSED] ORDER REGARDING DEFENDANT JOHN G. STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
LEAD CASE NO. 3:16-CV-05541-JST
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ORDER
THE FOREGOING STIPULATION IS APPROVED AND IT IS SO ORDERED.
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Dated:
June 5, 2017
THE HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE
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STIPULATION AND [PROPOSED] ORDER REGARDING DEFENDANT JOHN G. STUMPF’S RESPONSE TO THE
CONSOLIDATED COMPLAINT
LEAD CASE NO. 3:16-CV-05541-JST
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