Shaev v. Baker, II et al

Filing 148

STIPULATION AND ORDER re 147 STIPULATION WITH PROPOSED ORDER Regarding Plaintiffs' Response to Defendants' Motions to Dismiss filed by The City of Birmingham Retirement and Relief System, Fire & Police Pension Association of Colorado. Signed by Judge Jon S. Tigar on June 15, 2017. (wsn, COURT STAFF) (Filed on 6/15/2017)

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Richard M. Heimann (063607)
[e-mail]
Joy A. Kruse (142799)
[e-mail]
Katherine C. Lubin (259826)
[e-mail]
LIEFF CABRASER HEIMANN &
BERNSTEIN, LLP
275 Battery Street, 29th Floor
San Francisco, CA 94111-3339
Telephone: [phone]
Facsimile: [phone]
Attorneys for Plaintiff Fire & Police
Pension Association of Colorado and CoLead Counsel
Maya Saxena (pro hac vice)
[e-mail]
Joseph E. White, III (pro hac vice)
[e-mail]
Lester R. Hooker (241590)
[e-mail]
Jorge A. Amador (237800)
[e-mail]
SAXENA WHITE P.A.
5200 Town Center Circle, Suite 601
Boca Raton, FL 33486
Telephone: [phone]
Facsimile: [phone]
[Additional Counsel on Signature Page]
Attorneys for Plaintiff The City of
Birmingham Retirement and Relief System
and Co-Lead Counsel

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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Lead Case No. 3:16-cv-05541-JST

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STIPULATION AND [PROPOSED]
ORDER REGARDING PLAINTIFFS’
RESPONSE TO DEFENDANTS’
MOTIONS TO DISMISS
_

IN RE WELLS FARGO & COMPANY
SHAREHOLDER DERIVATIVE
LITIGATION

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The Honorable Jon S. Tigar
WHEREAS, on February 8, 2017, the Court entered an order setting the briefing schedule
on Defendants’ motion to dismiss the Consolidated Complaint on the threshold issue of demand
futility [Dkt. 81];
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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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WHEREAS, the February 8, 2017 order preserved Defendants’ right to assert other

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defenses, including by motion or otherwise, after the Court’s consideration of Defendants’

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demand futility motion to dismiss;

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WHEREAS, on February 24, 2017, Lead Plaintiffs Fire and Police Pension Association of

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Colorado and The City of Birmingham Retirement and Relief System filed their Consolidated

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Amended Verified Stockholder Derivative Complaint [Dkt. 83];

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WHEREAS, on March 17, 2017, Defendants filed their motion to dismiss for failure to

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adequately plead demand futility [Dkt. 99], which Plaintiffs opposed on April 3, 2017 [Dkt. 115]

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and Defendants replied to on April 14, 2017 [Dkt. 116];

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On May 4, 2017, the Court held argument on Defendants’ motion to dismiss on demand

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futility grounds, and the same day denied in part and granted in part Defendants’ motion to

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dismiss [Dkt. 129], holding that Plaintiffs had adequately pled demand futility;

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WHEREAS, on May 23, 2017, the parties submitted a stipulation and proposed briefing

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schedule for any remaining motions to dismiss pursuant to Federal Rule of Civil Procedure 12

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that Defendants intended to make [Dkt. 134], which the Court entered on May 30, 2017 [Dkt.

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135];

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WHEREAS, on June 5, 2017, certain Defendants filed a total of five motions to dismiss

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pursuant to Rule 12 [Dkts. 139, 140, 141, 143, 144] and Defendant Stumpf filed a notice of

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joinder to certain of those motions [Dkt. 145];

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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between Lead

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Plaintiffs, by and through their counsel, and Defendants, by and through their counsel, that

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Plaintiffs will respond to Defendants’ motions in a single opposition brief, not to exceed 70

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pages. The 70 pages is less than the total number of pages for Defendants’ motions to dismiss (78

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pages).

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Dated: June 14, 2017

LIEFF CABRASER HEIMANN & BERNSTEIN, LLP

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By:

/s/Richard M. Heimann

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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Richard M. Heimann (063607)
[e-mail]
Joy A. Kruse (142799)
[e-mail]
Katherine C. Lubin (259826)
[e-mail]
LIEFF CABRASER HEIMANN & BERNSTEIN, LLP
275 Battery Street, 29th Floor
San Francisco, CA 94111-3339
Telephone: [phone]
Facsimile: [phone]
Steven E. Fineman (140335)
[e-mail]
Daniel P. Chiplock (pro hac vice application to be filed)
[e-mail]
Nicholas Diamand (pro hac vice)
[e-mail]
Michael J. Miarmi (pro hac vice)
[e-mail]
LIEFF CABRASER HEIMANN & BERNSTEIN, LLP
250 Hudson Street, 8th Floor
New York, NY 10013-1413
Telephone: [phone]
Facsimile: [phone]
Attorneys for Plaintiff Fire & Police Pension Association
of Colorado and Co-Lead Counsel

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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Maya Saxena (pro hac vice)
[e-mail]
Joseph E. White, III (pro hac vice)
[e-mail]
Lester R. Hooker (241590)
[e-mail]
Jorge A. Amador (237800)
[e-mail]
Adam D. Warden (Pro hac vice application to be filed)
[e-mail]
Dianne M. Anderson (CA Bar No. 103670)
[e-mail]
SAXENA WHITE P.A.
5200 Town Center Circle, Suite 601
Boca Raton, FL 33486
Telephone: [phone]
Facsimile: [phone]
Steven B. Singer (Pro hac vice application to be filed)
SAXENA WHITE P.A.
4 West Red Oak Lane, Suite 312
White Plains, NY 10604
Telephone: [phone]
Facsimile: [phone]
[e-mail]
Attorneys for Plaintiff The City of Birmingham
Retirement and Relief System and Co-Lead Counsel

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GOODWIN PROCTER LLP

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By:
/s/ Richard M. Strassberg
Richard M. Strassberg (pro hac vice)
([e-mail])
GOODWIN PROCTER LLP
620 8th Avenue
New York, NY 10018
Telephone: [phone]
Facsimile: [phone]
Grant P. Fondo
([e-mail])
GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, CA 94025
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant John G. Stumpf

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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CLARENCE DYER & COHEN LLP
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By:
/s/Nancy L. Clarence
Nanci L. Clarence
([e-mail])
Josh A. Cohen
([e-mail])
CLARENCE DYER & COHEN LLP
899 Ellis Street
San Francisco, CA 94109
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant Timothy J. Sloan

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ARGUEDAS, CASSMAN & HEADLEY, LLP

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By:
/s/Ted W. Cassman
Cristina C. Arguedas
([e-mail])
Laurel L. Headley
([e-mail])
Ted W. Cassman
([e-mail])
ARGUEDAS, CASSMAN & HEADLEY, LLP
803 Hearst Avenue
Berkeley, California 94710
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant Michael J. Loughlin

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WILLIAMS & CONNOLLY LLP

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By:
/s/Enu A. Mainigi
Enu A. Mainigi (pro hac vice forthcoming)
([e-mail])
WILLIAMS & CONNOLLY LLP
725 Twelfth Street, N.W.
Washington D.C. 20005
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant Carrie Tolstedt

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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SHEARMAN & STERLING LLP
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By:
/s/Jaculin Aaron
Jaculin Aaron
([e-mail])
SHEARMAN & STERLING LLP
599 Lexington Avenue
New York, NY 10022
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Defendants John D. Baker II, Elaine L.
Chao, 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, Stephen W. Sanger, Susan G. Swenson and
Suzanne M. Vautrinot

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RAMSEY & EHRLICH LLP

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By:
/s/Miles Ehrlich
Miles Ehrlich
([e-mail])
Ismail Ramsey
([e-mail])
RAMSEY & EHRLICH LLP
803 Hearst Avenue
Berkeley, CA 94710
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant John R. Shrewsberry

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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ATTESTATION PURSUANT TO GENERAL ORDER 45

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I, Richard M. Heimann, 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: June 14, 2017

/s/ Richard M. Heimann
Richard M. Heimann

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST

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ORDER

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IT IS SO ORDERED.

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Dated: June 15, 2017
THE HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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STIPULATION AND PROPOSED ORDER

CASE NO. 3:16-CV-05541-JST