Shaev v. Baker, II et al
Filing
269
STIPULATION AND ORDER re 268 STIPULATION WITH PROPOSED ORDER MODIFYING DEADLINES REGARDING ANTICIPATED MOTION FOR PRELIMINARY APPROVAL OF SETTLEMENT AGREEMENT filed by Wells Fargo & Co. Deadline to file motion for preliminary appro val of settlement agreement 2/28/2019. Deadline to file opposition to motion for preliminary approval 3/14/2019. Deadline to file reply to any opposition to motion for preliminary approval 3/21/2019. Hearing on motion for preliminary approval set for 4/4/2019 at 2:00 PM in San Francisco, Courtroom 9, 19th Floor before Judge Jon S. Tigar. Signed by Judge Jon S. Tigar on February 13, 2019. (wsn, COURT STAFF) (Filed on 2/13/2019)
1
2
3
4
5
6
7
8
9
10
11
12
13
14
Richard H. Klapper (pro hac vice)
(klapperr@sullcrom.com)
SULLIVAN & CROMWELL LLP
125 Broad Street
New York, New York 10004-2498
Telephone: (212) 558-3555
Facsimile: (212) 291-9083
Brendan P. Cullen (SBN 194057)
(cullenb@sullcrom.com)
Sverker K. Hogberg (SBN 244640)
(hogbergs@sullcrom.com)
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone:
(650) 461-5600
Facsimile:
(650) 461-5700
Christopher M. Viapiano (pro hac vice)
(viapianoc@sullcrom.com)
SULLIVAN & CROMWELL LLP
1700 New York Avenue, N.W., Suite 700
Washington, D.C. 20006
Telephone:
(202) 956-6985
Facsimile:
(202) 956-7056
Counsel for Nominal Defendant
Wells Fargo & Company
15
[Additional Counsel on Signature Page]
16
17
18
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
19
20
Lead Case No. 3:16-cv-05541-JST
21
24
STIPULATION AND [PROPOSED]
ORDER MODIFYING DEADLINES
REGARDING ANTICIPATED
MOTION FOR PRELIMINARY
APPROVAL OF SETTLEMENT
AGREEMENT______________________
25
The Honorable Jon. S. Tigar
22
23
IN RE WELLS FARGO & COMPANY
SHAREHOLDER DERIVATIVE
LITIGATION
.
26
27
28
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
WHEREAS, on January 16, 2019, the parties in the above-captioned action (the “Parties”)
1
2
filed a Joint Case Management Statement & Notice of Settlement, notifying the Court that the
3
Parties had reached an agreement in principle to settle the action and were finalizing the terms of
4
a settlement agreement, and requested that the Court set a briefing and hearing schedule on
5
Plaintiffs’ anticipated motion for preliminary approval of the forthcoming settlement agreement
6
and set aside all other dates in the action (Dkt. No. 266);
7
WHEREAS, on January 21, 2019, the Court set the following deadlines requested by the
8
Parties relating to Plaintiffs’ motion for preliminary approval of the settlement agreement and
9
vacated all other deadlines in the action (Dkt. No. 267):
Event
10
Deadline
Deadline to file motion for preliminary approval of
settlement agreement
14
March 7, 2019
Hearing on motion for preliminary approval
13
February 28, 2019
Deadline to file reply to any opposition to motion for
preliminary approval
12
February 14, 2019
Deadline to file opposition to motion for preliminary
approval
11
March 21, 2019, at 2:00 p.m.
Courtroom, 19th Floor
15
16
17
WHEREAS, the Parties have continued to work diligently with the assistance of Hon.
18
Daniel Weinstein (Ret.) to finalize the terms of the settlement agreement, but are still working to
19
resolve certain issues related to the anticipated settlement agreement;
20
WHEREAS, given the large number of parties and the complexity of the issues involved,
21
the Parties agree that they require additional time to complete negotiations in order to finalize the
22
anticipated settlement agreement, and therefore agree that extending the deadlines relating to
23
Plaintiffs’ anticipated motion for preliminary approval of the settlement agreement will assist in
24
facilitating resolution of the action;1
25
26
27
28
The Parties have not previously sought to modify the deadlines relating to Plaintiffs’ anticipated
motion for preliminary approval, but previously have sought and been granted the following time
modifications by the Court: (i) on January 23, 2017 (Dkt. No. 78) the Parties requested to
continue a case management conference; (ii) on October 13, 2017 and November 10, 2017 the
Parties filed stipulations concerning the deadline to answer the complaint in this action (Dkt. No.
175; 182); (iii) on August 23, 2018, Plaintiffs requested to vacate a deadline regarding the
1
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
WHEREAS, because all deadlines in this action have been vacated, save for those relating
2
to Plaintiffs’ anticipated motion for preliminary approval of the settlement agreement, the time
3
modifications requested by the Parties below will not affect the schedule for the case except as set
4
forth below.
5
NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between the
6
Parties, by and through their Counsel, and subject to the Court’s approval, that the deadlines
7
relating to Plaintiffs’ anticipated motion for preliminary approval of the settlement agreement be
8
modified as follows:
9
10
11
12
13
14
15
16
Event
Previous Deadline
New Deadline
Deadline to file motion for
preliminary approval of
settlement agreement
February 14, 2019
February 28, 2019
Deadline to file opposition to
motion for preliminary
approval
February 28, 2019
March 14, 2019
Deadline to file reply to any
opposition to motion for
preliminary approval
March 7, 2019
March 21, 2019
Hearing on motion for
preliminary approval
March 21, 2019, at 2:00 p.m.
Courtroom, 19th Floor
April 4, 2019, at 2:00 p.m.
Courtroom, 19th Floor
17
18
19
20
21
22
23
24
25
26
27
28
submission of a joint discovery letter brief and to continue the deadline to submit a proposal
regarding the case schedule, and on October 9, 2018, pursuant to the Court’s August 24, 2018
Order (Dkt. No. 247), the Parties proposed changes to the schedule in this action (Dkt. No. 255);
and (iv) on January 21, 2019, the Court vacated the case management conference scheduled for
January 23, 2019 (Dkt. No. 267).
2
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
2
Dated: February 13, 2019
LIEFF CABRASER HEIMANN & BERNSTEIN, LLP
3
By:
4
Richard M. Heimann (063607)
rheimann@lchb.com
Katherine C. Lubin (259826)
kbenson@lchb.com
Michael K. Sheen (288284)
msheen@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
5
6
7
8
9
10
11
12
13
14
15
16
17
18
/s/
Richard M. Heimann
Steven E. Fineman (140335)
sfineman@lchb.com
Daniel P. Chiplock (Pro hac vice)
dchiplock@lchb.com
Nicholas Diamand (Pro hac vice)
ndiamand@lchb.com
Michael J. Miarmi (Pro hac vice)
mmiarmi@lchb.com
Sean A. Petterson (Pro hac vice)
spetterson@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
19
20
21
22
23
24
25
26
27
28
3
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
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
Adam D. Warden (Pro hac vice)
awarden@saxenawhite.com
Dianne M. Anderson (286199)
danderson@saxenawhite.com
SAXENA WHITE P.A.
150 East Palmetto Park Road, Suite 600
Boca Raton, FL 33432
Telephone: (561) 394-3399
Facsimile: (561) 394-3382
Steven B. Singer (Pro hac vice)
ssinger@saxenawhite.com
Kyla Grant (Pro hac vice)
kgrant@saxenawhite.com
Sara DiLeo (Pro hac vice)
sdileo@saxenawhite.com
SAXENA WHITE P.A.
10 Bank Street, 8th Floor
White Plains, NY 10606
Telephone: (914) 437-8551
Facsimile: (888) 631-3611
Attorneys for Co-Lead Plaintiff The City of Birmingham
Retirement and Relief System and Co-Lead Counsel
16
17
18
19
20
21
22
23
24
25
26
27
28
4
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
SULLIVAN & CROMWELL LLP
2
By:
/s/
Brendan P. Cullen
3
4
5
6
7
Brendan P. Cullen (SBN 194057)
(cullenb@sullcrom.com)
Sverker K. Hogberg (SBN 244640)
(hogbergs@sullcrom.com)
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone: (650) 461-5600
Facsimile: (650) 461-5700
8
Attorneys for Nominal Defendant Wells Fargo & Co.
9
10
GOODWIN PROCTER LLP
11
By:
12
Grant P. Fondo
(gfondo@goodwinlaw.com)
Lloyd Winawer
(lwinawer@goodwinlaw.com)
Nicholas A. Reider
(nreider@goodwinlaw.com)
GOODWIN PROCTER LLP
601 Marshall Street
Redwood City, CA 94063
Telephone: (650) 752-3100
Facsimile: (650) 853-1038
13
14
15
16
17
18
19
20
21
22
/s/
Grant P. Fondo
Richard M. Strassberg (pro hac vice)
(rstrassberg@goodwinlaw.com)
Daniel P. Roeser (pro hac vice)
(droeser@goodwinlaw.com)
GOODWIN PROCTER LLP
620 8th Avenue
New York, NY 10018
Telephone: (212) 813-8800
Facsimile: (212) 355-3333
23
Attorneys for Defendant John G. Stumpf
24
25
26
27
28
5
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
CLARENCE DYER & COHEN LLP
2
By:
/s/
Nanci L. Clarence
3
4
5
6
7
Nanci L. Clarence
(nclarence@clarencedyer.com)
Josh A. Cohen
(jcohen@clarencedyer.com)
CLARENCE DYER & COHEN LLP
899 Ellis Street
San Francisco, CA 94109
Telephone: (415) 749-1800
Facsimile: (415) 749-1694
8
Attorneys for Defendant Timothy J. Sloan
9
RAMSEY & EHRLICH LLP
10
By:
/s/
Ismail Ramsey
11
12
13
14
15
Miles Ehrlich
(miles@ramsey-ehrlich.com)
Ismail Ramsey
(izzy@ramsey-ehrlich.com)
RAMSEY & EHRLICH LLP
803 Hearst Avenue
Berkeley, CA 94710
Telephone: (510) 548-3600
Facsimile: (510) 291-3060
16
Attorneys for Defendant John R. Shrewsberry
17
18
19
20
21
22
23
24
25
26
27
28
6
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
WILLIAMS & CONNOLLY LLP
2
By:
/s/
Enu A. Mainigi
3
4
5
6
Enu A. Mainigi (pro hac vice)
(emainigi@wc.com)
WILLIAMS & CONNOLLY LLP
725 Twelfth Street, N.W.
Washington D.C. 20005
Telephone: (202) 434-5000
Facsimile: (202) 434-5029
7
Attorneys for Defendant Carrie Tolstedt
8
9
ARGUEDAS, CASSMAN & HEADLEY, LLP
10
By:
11
Cristina C. Arguedas (Bar No. 87787)
arguedas@achlaw.com
Ted W. Cassman (Bar No. 98932)
cassman@achlaw.com
Laurel L. Headley (Bar No. 152306)
headley@achlaw.com
803 Hearst Avenue
Berkeley, CA 94710
(510) 845-3000 (Tel)
(510) 845-3003 (Fax)
12
13
14
15
/s/
Ted W. Cassman
16
Attorneys for Defendant Michael Loughlin
17
18
19
20
21
22
23
24
25
26
27
28
7
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
SHEARMAN & STERLING LLP
2
By:
3
John F. Cove, Jr.
john.cove@shearman.com
Emily V. Griffen
egriffen@shearman.com
Alethea M. Sargent
(alethea.sargent@shearman.com)
SHEARMAN & STERLING LLP
535 Mission Street, 25th Floor
San Francisco, CA 94105
Telephone: (415) 616-1100
Facsimile: (415) 616-1199
4
5
6
7
8
9
10
11
12
13
14
15
16
/s/
John F. Cove, Jr.
Stuart Baskin (pro hac vice)
(sbaskin@shearman.com)
John Gueli
(jgueli@shearman.com)
SHEARMAN & STERLING LLP
599 Lexington Avenue
New York, NY 10022
Telephone: (212) 848-4000
Facsimile: (212) 848-7179
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, Judith M. Runstad, Stephen W. Sanger, Susan G.
Swenson and Suzanne M. Vautrinot
17
18
19
20
21
22
23
24
25
26
27
28
8
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
2
3
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.
4
5
DATED: February 13, 2019
/s/ Brendan P. Cullen
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
1
ORDER
2
3
PURSUANT TO STIPULATION, IT IS SO ORDERED.
4
5
6
Dated: February 13, 2019
THE HON. JON S. TIGAR
UNITED STATES DISTRICT JUDGE
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
STIPULATION AND PROPOSED ORDER
CASE NO. 3:16-CV-05541-JST
Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.
Why Is My Information Online?