Shaev v. Baker, II et al

Filing 39

STIPULATION AND ORDER re (38 in 3:16-cv-05592-JST) re STIPULATION WITH PROPOSED ORDER Consolidating Related Shareholder Derivative Actions filed by The City of Birmingham Retirement and Relief System, (15 in 3:16-cv-06262-JST) STIPULA TION WITH PROPOSED ORDER Consolidating Related Shareholder Derivative Actions filed by The City of Birmingham Retirement and Relief System, (6 in 3:16-cv-06624-MEJ) STIPULATION WITH PROPOSED ORDER Consolidating Related Shareholder De rivative Actions filed by The City of Birmingham Retirement and Relief System, (16 in 3:16-cv-05745-JST) STIPULATION WITH PROPOSED ORDER Consolidating Related Shareholder Derivative Actions filed by Alison Sherman, (35 in 3:16-cv-055 41-JST) STIPULATION WITH PROPOSED ORDER Consolidating Related Shareholder Derivative Actions filed by The City of Birmingham Retirement and Relief System, (13 in 3:16-cv-05817-JST) STIPULATION WITH PROPOSED ORDER Consolidating Relat ed Shareholder Derivative Actions filed by The City of Birmingham Retirement and Relief System, (9 in 3:16-cv-06631-JST) STIPULATION WITH PROPOSED ORDER Consolidating Related Shareholder Derivative Actions filed by The City of Birmi ngham Retirement and Relief System, (14 in 3:16-cv-05915-JST) STIPULATION WITH PROPOSED ORDER Consolidating Related Shareholder Derivative Actions filed by City of Birmingham Retirement and Relief System. Signed by Judge Jon S. Tigar on December 12, 2016. (wsn, COURT STAFF) (Filed on 12/12/2016)

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UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION

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VICTORIA SHAEV, derivatively on Behalf
of WELLS FARGO & COMPANY,

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Plaintiff,
v.
JOHN D. BAKER II, ELAINE L. CHAO,
JOHN S. CHEN, LLOYD H. DEAN,
ELIZABETH A. DUKE, ENRIQUE
HERNANDEZ JR., DONALD M. JAMES,
CYNTHIA M. MILLIGAN, FEDERICO F.
PEÑA, JAMES H. QUIGLY, STEPHEN W.
SANGER, JOHN G. STUMPF, SUSAN G.
SWENSON, CARRIE L. TOLSTEDT, and
SUZANNE M. VAUTRINOT,
Defendants,

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-andWELLS FARGO & COMPANY,
Nominal Defendant.

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Case No. 3:16-cv-05541-JST
STIPULATION AND [PROPOSED]
ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE
ACTIONS

Judge: Hon. Jon S. Tigar
Courtroom: 9, 19th Floor
Date Action Filed: September 29, 2016
January 12
Hearing Date: ___________, 2017
Hearing Time: TBD

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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Plaintiff,
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vs.
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MICHAEL J. LOUGHLIN, TIMOTHY J.
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SLOAN, JOHN G. STUMPF, CARRIE
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TOLSTEDT, JOHN R. SHREWSBERRY,
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JOHN D. BAKER, II, ELAINE L. CHAO,
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JOHN S. CHEN, LLOYD H. DEAN,
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ELIZABETH A. DUKE, SUSAN E. ENGEL, )
ENRIQUE HERNANDEZ, JR., DONALD
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M. JAMES, CYNTHIA H. MILLIGAN,
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FEDERICO F. PEÑA, JAMES H.
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QUIGLEY, STEPHEN W. SANGER,
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SUSAN G. SWENSON, SUZANNE M.
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VAUTRINOT, and JUDITH M. RUNSTAD, )
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Defendants,
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-and)
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WELLS FARGO & COMPANY, a Delaware )
corporation,
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Nominal Defendant.
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AMY COOK, derivatively on behalf of
WELLS FARGO & COMPANY,

Case No. 3:16-cv-05592-JST

Judge: Hon. Jon S. Tigar
Courtroom: 9, 19th Floor
Date Action Filed: September 30, 2016

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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Plaintiff,
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v.
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JOHN G. STUMPF, TIMOTHY J. SLOAN, )
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CARRIE L. TOLSTEDT, JOHN R.
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SHREWSBERRY, STEPHEN W.
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SANGER, CYNTHIA H. MILLIGAN,
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SUSAN E. ENGEL, SUSAN G.
SWENSON, ENRIQUE HERNANDEZ, JR., )
LLOYD H. DEAN, JOHN S. CHEN, JOHN )
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D. BAKER II, DONALD M. JAMES,
ELAINE L. CHAO, FEDERICO F. PEÑA, )
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JAMES H. QUIGLEY, ELIZABETH A.
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DUKE, SUZANNE M. VAUTRINOT,
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JUDITH M. RUNSTAD, HOWARD V.
RICHARDSON, NICHOLAS G. MOORE, )
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PHILIP J. QUIGLEY, MACKEY J.
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MCDONALD, and RICHARD D.
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MCCORMICK,
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Defendants,
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-and)
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WELLS FARGO & COMPANY, a
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Delaware corporation,
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Nominal Defendant.
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ALISON SHERMAN, Derivatively on
Behalf of WELLS FARGO & COMPANY,

Case No. 3:16-cv-05745-JST

Judge: Hon. Jon S. Tigar
Courtroom: 9, 19th Floor
Date Action Filed: October 6, 2016

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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ROBERT ELSON, IRA,

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Plaintiff,

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v.
JOHN G. STUMPF, CARRIE TOLSTEDT,
JOHN D. BAKER II, ELAIN L. CHAO,
JOHN C. CHEN, LLOYD H. DEAN,
ELIZABETH A. DUKE, SUSAN E. ENGEL,
ENRIQUE HERNANDEZ, JR., DONALD M.
JAMES, CYNTHIS H. MILLIGAN,
FEDERICO F. PEÑA, JAMES H. QUIGLEY,
STEPHEN W. SANGER, SUSAN G.
SWENSON, and SUSAN M. VAUTRINOT,

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Defendants,
-and-

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WELLS FARGO & COMPANY,
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Nominal Defendant.

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Case No. 3:16-cv-05817-JST

Judge: Hon. Jon S. Tigar
Courtroom: 9, 19th Floor
Date Action Filed: October 7, 2016

Caption continued on next page.

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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THE CITY OF BIRMINGHAM
RETIREMENT AND RELIEF SYSTEM,
Derivatively on Behalf of WELLS FARGO
& COMPANY,
Plaintiff,
v.
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, MACKEY J.
MCDONALD, RICHARD D.
MCCORMICK, CYNTHIA H. MILLIGAN,
NICHOLAS G. MOORE, FEDERICO F.
PEÑA, JAMES H. QUIGLEY, PHILIP J.
QUIGLEY, JUDITH M. RUNSTAD,
HOWARD V. RICHARDSON, STEPHEN
W. SANGER, SUSAN G. SWENSON,
SUZANNE M. VAUTRINOT, TIMOTHY
J. SLOAN, JOHN R. SHREWSBERRY,
JOHN G. STUMPF, and CARRIE L.
TOLSTEDT,

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Defendants,
-andWELLS FARGO & COMPANY, a
Delaware corporation,
Nominal Defendant.

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Case No. 3:16-cv-05915-JST

Judge: Hon. Jon S. Tigar
Courtroom: 9, 19th Floor
Date Action Filed: October 12, 2016

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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CATHY LEBENDIG, derivatively on behalf
of WELLS FARGO & COMPANY,

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Plaintiff,
v.
JOHN G. STUMPF, CARRIE L.
TOLSTEDT, JOHN D. BAKER II, ELAINE
L. CHAO, JOHN S. CHEN, LLOYD H.
DEAN, ELIZABETH A DUKE, ENRIQUE
HERNANDEZ JR., DONALD M. JAMES,
CYNTHIA M. MILLIGAN, FEDRICO F.
PEÑA, JAMES H. QUIGLY, STEPHEN W.
SANGER, SUSAN G. SWENSON, and
SUZANNE M. VAUTRINOT,

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Case No. 3:16-cv-06262-JST

Defendants,
-andWELLS FARGO & COMPANY, a Delaware
corporation,
Nominal Defendant.

Judge: Hon. Jon S. Tigar
Courtroom: 9, 19th Floor
Date Action Filed: October 28, 2016

Caption continued on next page.

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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GEORGE HANNON, derivatively on behalf
of WELLS FARGO & COMPANY,
Plaintiff,

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v.
MICHAEL J. LOUGHLIN, TIMOTHY J.
SLOAN, JOHN G. STUMPF, CARRIE
TOLSTEDT, JOHN R. SHREWSBERRY,
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, SUZANNE M.
VAUTRINOT, and JUDITH M. RUNSTAD,

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Case No. 3:16-cv-06624-MEJ

Defendants,
-andWELLS FARGO & COMPANY, a Delaware
corporation,
Nominal Defendant.

Date Action Filed: November 15, 2016

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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FIRE AND POLICE PENSION
ASSOCIATION OF COLORADO,
derivatively on behalf of WELLS FARGO &
COMPANY,

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Case No. 3:16-cv-06631-JST

Plaintiff,
v.
JOHN G. STUMPF, TIMOTHY J. SLOAN,
CARRIE L. TOLSTEDT, JOHN R.
SHREWSBERRY, 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,
RICHARD D. MCCORMICK, MACKEY J.
MCDONALD, CYNTHIA H. MILLIGAN,
NICHOLAS G. MOORE, FEDERICO F.
PEÑA, JAMES H. QUIGLEY, PHILIP J.
QUIGLEY, HOWARD V. RICHARDSON,
JUDITH M. RUNSTAD, STEPHEN W.
SANGER, SUSAN G. SWENSON, and
SUZANNE M. VAUTRINOT,

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Defendants,

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-andWELLS FARGO & COMPANY, a Delaware
corporation,

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Nominal Defendant.

Date Action Filed: November 15, 2016

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STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

WHEREAS the following eight actions are now pending in the Northern District of

2 California (collectively, the "Related Actions"):
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Abbreviated Case Name

Case Number

Date Filed

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Shaev v. Baker, et al.

3:16-cv-05541-JST

09/29/2016

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Cook v. Loughlin, et al.

3:16-cv-05592-JST

09/30/2016

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Sherman v. Stumpf, et al.

3:16-cv-05745-JST

10/06/2016

Elson, IRA v. Stumpf, et al.

3:16-cv-05817-JST

10/07/2016

The City of Birmingham Retirement and
Relief System v. Baker, et al.

3:16-cv-05915-JST

10/12/2016

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LeBendig v. Wells Fargo & Company, et al.

3:16-cv-06262-JST

10/28/2016

Hannon v. Loughlin, et al.

3:16-cv-06624-MEJ

11/15/2016

Fire and Police Pension Association of
Colorado v. Stumpf, et al.

3:16-cv-06631-JST

11/15/2016

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WHEREAS the eight Related Actions are styled as shareholder derivative actions on

13 behalf of nominal defendant Wells Fargo & Company ("Wells Fargo"), and each asserts claims
14 that arise out of at least some of the same alleged transactions and occurrences and involve the
15 same or substantially similar alleged issues of fact and law;
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WHEREAS the Court determined by orders, in the earlier-filed action entitled Hefler v.

17 Wells Fargo & Company, et al., No. 3:16-cv-05479-JST (hereinafter, "Hefler"), that the actions
18 are related pursuant to Civil L.R. 3-12(a), and the actions now have all been assigned to the
19 Honorable Jon S. Tigar;1
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WHEREAS the Hannon action is currently assigned to Magistrate Judge Maria-Elena

21 James, and no motion to relate this case to the Hefler action and reassign Hannon to this Court
22 has yet been filed;
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The Court has entered Orders, relating the following cases to the Hefler action:
(1) Shaev, Sherman, and Elson, IRA on October 19, 2016; (2) Cook on October 21, 2016; (3) City
25 of Birmingham on November 11, 2016; (4) LeBendig on November 15, 2016; and (5) Colorado
Fire and Police Pension on November 22, 2016. The Hefler action is not styled as a shareholder
26 derivative action on behalf of Wells Fargo and is not subject to this Stipulation.
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-1STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

WHEREAS the Related Actions identified above all arise out of at least some of the same

2 alleged transactions and occurrences and involve the same or substantially similar alleged issues
3 of law and facts, and, therefore, should be consolidated for all purposes under Rule 42(a) of the
4 Federal Rules of Civil Procedure;
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WHEREAS counsel for plaintiffs in the above referenced actions have met and conferred

6 and have agreed to a schedule following the filing of the motion for lead plaintiff and lead
7 counsel;
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WHEREAS counsel for plaintiffs, Wells Fargo, and the undersigned defendants have met

9 and conferred and have agreed to a schedule for filing a consolidated complaint following the
10 appointment of lead plaintiff and lead counsel;
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WHEREAS counsel for plaintiffs, Wells Fargo, and the undersigned defendants have met

12 and conferred and have agreed that no answers, motions, or other responses to the complaints
13 ("Responses") need be filed in the Related Actions by Wells Fargo or by any other defendant
14 until after the appointment of lead plaintiff and lead counsel and the filing of a consolidated
15 complaint or designation of an operative complaint, as provided below;
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WHEREAS counsel for plaintiffs, Wells Fargo, and the undersigned defendants have met

17 and conferred and have agreed to a schedule setting a date for Responses to the consolidated
18 complaint and a briefing schedule for any motions filed in response to the consolidated
19 complaint unless otherwise ordered by the Court pursuant to motion or stipulation;
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WHEREAS, the agreed-upon schedule is not for the purpose of delay, promotes judicial

21 efficiency, and will not cause prejudice to any party,
NOW, THEREFORE, IT IS STIPULATED AND AGREED by plaintiffs2 and all

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23 defendants3 who have appeared in the Related Actions, by and through their undersigned
24 respective counsel of record, as follows:
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2

Victoria Shaev, Amy Cook, Alison Sherman, Robert Elson, IRA, The City of Birmingham
26 Retirement and Relief System, Cathy LeBendig, George Hannon, and Fire and Police Pension
Association of Colorado (together, "Plaintiffs").
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-2STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

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I.

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CONSOLIDATION OF ACTIONS
1.

The eight Related Actions identified above are hereby consolidated for all

3 purposes, including pre-trial proceedings and trial (the "Consolidated Action").
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2.

The caption of these consolidated actions shall be "In re Wells Fargo & Company

5 Shareholder Derivative Litigation" and the files of these consolidated actions shall be maintained
6 in one master file under Lead Case No. 3:16-cv-05541-JST. Thereafter, all eight of the original
7 Related Action case files shall be closed.
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3.

Any other actions or claims filed in or removed or transferred to this Court after

9 the date of this Stipulation that (i) are styled as shareholder derivative actions or claims brought
10 on behalf of Wells Fargo and (ii) arise out of the same transactions and occurrences and involve
11 the same or substantially similar issues of law and facts as the Related Actions, shall
12 automatically be consolidated for all purposes, if and when they are brought to the Court's
13 attention, together with In re Wells Fargo & Company Shareholder Derivative Litigation, and the
14 clerk shall close the file for any such later-filed actions.
4.

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Every pleading filed in the Consolidated Action, or in any separate action

16 included herein, shall bear the following caption:
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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, Mackey J. McDonald, Richard D. McCormick,
24 Cynthia H. Milligan, Nicholas G. Moore, Federico F. Peña, James H. Quigley, Philip J. Quigley,
Judith M. Runstad, Howard V. Richardson, Stephen W. Sanger, Susan G. Swenson, Suzanne M.
25 Vautrinot, Timothy J. Sloan, John R. Shrewsberry, John G. Stumpf, Carrie L. Tolstedt, and
Michael J. Loughlin (collectively, the "Individual Defendants"), and nominal defendant Wells
26 Fargo (together, "Defendants").
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-3STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

UNITED STATES DISTRICT COURT

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FOR THE NORTHERN DISTRICT OF CALIFORNIA
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Lead Case No. 3:16-cv-05541-JST
IN RE WELLS FARGO & COMPANY
SHAREHOLDER DERIVATIVE
(Consolidated with Nos. 3:16-cv-05592; 3:16LITIGATION
___________________________________ cv-05745; 3:16-cv-05817; 3:16-cv-05915; 3:16cv-06262; 3:16-cv-06624; and 3:16-cv-06631)
This Document Relates To:
Judge: Hon. Jon S. Tigar
ALL ACTIONS.
Courtroom: 9, 19th Floor

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5.

When a pleading or other filing is intended to be applicable to all actions, the

9 words "All Actions" shall appear immediately after or below the words "This Document Relates
10 To:" in the caption set forth above. When a pleading or other filing is intended to be applicable
11 to less than all actions, the separate caption and docket number for each individual action to
12 which the pleading is intended to be applicable shall appear immediately after or below the
13 words "This Document Relates To:" in the caption described above.
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6.

When a case or claim that properly belongs as part of In re Wells Fargo &

15 Company Shareholder Derivative Litigation is filed in this Court or transferred or removed to this
16 Court from another court and assigned to Judge Jon S. Tigar, then following the filing of notice
17 by any party to such action or by a party to In re Wells Fargo & Company Shareholder
18 Derivative Litigation in such other action and this consolidated action, and service of such notice
19 upon all parties that have appeared in the affected actions, the clerk of this Court shall:
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(a) Place a copy of this Order in the separate file for such action;

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(b) Mail to the attorneys for the plaintiff(s) in the newly filed or transferred case a copy

22 of this Order and direct that this Order be served upon or mailed to any new defendant(s) or their
23 counsel in the newly filed or transferred case;
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(c) Make an appropriate entry on the Master Docket. Counsel recognizes that this Court

25 requests the assistance of counsel in calling to the attention of the clerk of this Court the filing or
26 transfer of any case which properly might be consolidated as part of In re Wells Fargo &
27 Company Shareholder Derivative Litigation; and
-428
STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

(d) Close the separate file for such action.

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7.

Filing of documents via the Court’s ECF system shall be deemed to satisfy the

3 service requirement as to all parties who have appeared in the action and whose counsel receive
4 ECF notices electronically. All attorneys of record in In re Wells Fargo & Company Shareholder
5 Derivative Litigation must register for ECF and must file an appearance through the ECF system.
6 Any attorneys who have been admitted pro hac vice in any of the Related Actions shall also be
7 deemed admitted in In re Wells Fargo & Company Shareholder Derivative Litigation pursuant to
8 the same conditions and requirements. No separate service of documents is required on any party
9 who has appeared in the action but is not registered for ECF.
8.

10

The terms of this Order shall not have the effect of making any person or entity a

11 party to any action in which he, she, or it has not been named and properly served in accordance with
12 the Federal Rules of Civil Procedure. The terms of this Order and the consolidation and coordination
13 ordered herein shall not constitute a waiver by any party of any claims in or defenses to any of the
14 actions.
9.

15

Nothing in this Stipulation shall be construed as a waiver of any of Defendants rights

16 or positions in law or in equity, or as a waiver of any defense that Defendants would otherwise have.
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II.

SCHEDULE
10.

The following dates shall be in effect for motions for lead plaintiff/counsel in the

19 Consolidated Action:
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November 23, 2016:

Last Day to File Motions for Lead Plaintiff and Lead Counsel

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December 15, 2016:

Last Day to File Response(s) to Motions for Lead Plaintiff and

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Lead Counsel
January 5, 2017:

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Last Day to File Replies to Any Response(s) to Motions for
Lead Plaintiff and Lead Counsel

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January 12, 2017:

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11.

Hearing on Motions for Lead Plaintiff and Lead Counsel

Lead plaintiff and/or Lead Counsel shall, within sixty (60) days following the

27 entry and filing of the Court's order selecting a lead plaintiff and lead counsel, serve and file a
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-5STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1 consolidated complaint or designate a previously-filed complaint as the operative complaint (the
2 "Consolidated Complaint"), which will supersede all existing complaints filed in the Related
3 Actions and any other action that may be consolidated herewith. To the extent any defendant
4 now named in any of the Related Actions is not named in the Consolidated Complaint, the
5 claims against such defendant shall be deemed dismissed without prejudice. Service shall be
6 effected with respect to any named defendant by serving the Consolidated Complaint on that
7 defendant's counsel, unless such defendant has not previously been served or appeared, in which
8 case service shall be affected according to the Federal Rules of Civil Procedure.
9

12.

Unless the Court otherwise orders pursuant to stipulation, motion, or for any other

10 reason, defendants shall file their responses to the Consolidated Complaint within sixty (60) days
11 following the filing of the Consolidated Complaint (provided, however, that the time prescribed
12 by the Federal Rules of Civil Procedure shall control to the extent those Rules provide for a later
13 response date as to any defendant who has not been served, waived service, or appeared in the
14 action at the time of this Stipulation). In the event that defendants file any motions directed at
15 the Consolidated Complaint, the opposition brief shall be filed within sixty (60) days of the
16 motions and the reply briefs shall be filed within thirty (30) days thereafter. This Stipulation is
17 without prejudice to any party's right to move to continue any response(s) to the Consolidated
18 Complaint pursuant to the federal and local rules.
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IT IS SO STIPULATED.
Dated: November 23, 2016

ROBBINS ARROYO LLP
BRIAN J. ROBBINS
FELIPE J. ARROYO
SHANE P. SANDERS
/s/ Shane P. Sanders
SHANE P. SANDERS
600 B Street, Suite 1900
San Diego, CA 92101
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
-6-

STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

[e-mail]
[e-mail]

1
2

Counsel for Plaintiffs Alison Sherman and The
City of Birmingham Retirement and Relief
System

3
4

SAXENA WHITE P.A.
MAYA SAXENA
JOSEPH E. WHITE III
LESTER R. HOOKER (241590)
JORGE A. AMADOR (237800)
ADAM D. WARDEN
5200 Town Center Circle, Suite 601
Boca Raton, FL 33486
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]
[e-mail]
[e-mail]
[e-mail]

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Counsel for Plaintiff The City of Birmingham
Retirement and Relief System

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Dated: November 23, 2016

WOLF HALDENSTEIN ADLER
FREEMAN & HERZ LLP
BETSY C. MANIFOLD (182450)
RACHELE R. RICKERT (190634)
BRITTANY N. DEJONG (258766)

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/s/ Betsy C. Manifold
BETSY C. MANIFOLD

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750 B Street, Suite 2770
San Diego, CA 92101
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]
[e-mail]
Counsel for Plaintiff Victoria Shaev

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-7STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

Dated: November 23, 2016

2

BOTTINI & BOTTINI, INC.
FRANCIS A. BOTTINI, JR. (175783)
ALBERT Y. CHANG (296065)
YURY A. KOLESNIKOV (271173)

3
/s/ Francis A. Bottini, Jr.
FRANCIS A. BOTTINI, JR.

4
5

7817 Ivanhoe Avenue, Suite 102
La Jolla, CA 92037
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]
[e-mail]

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7
8
9

Counsel for Plaintiff Amy Cook

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13

Dated: November 23, 2016

BRAMSON, PLUTZIK, MAHLER
& BIRKHAEUER LLP
ALAN R. PLUTZIK (077785)
MICHAEL S. STRIMLING (96135)
/s/ Alan R. Plutzik
ALAN R. PLUTZIK

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2125 Oak Grove Road, Suite 120
Walnut Creek, CA 94598
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

24

HARWOOD FEFFER LLP
ROBERT I. HARWOOD
SAMUEL K. ROSEN
488 Madison Avenue
New York, NY 10022
Telephone: [phone]
E-mail: [e-mail]
[e-mail]

25

Counsel for Plaintiff Robert Elson, IRA

20
21
22
23

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-8STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

Dated: November 23, 2016

2

HIMMELSTEIN LAW NETWORK
BARRY HIMMELSTEIN (157736)
ALEXANDER STERN (308961)
/s/ Barry Himmelstein
BARRY HIMMELSTEIN

3
4

2000 Powell Street, Suite 1605
Emeryville, CA 94608-1861
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

5
6
7
8

13

SPRINGER AYENI
A Professional Law Corporation
CASSIE SPRINGER AYENI (221506)
1901 Harrison Street, Suite 1100
Oakland, CA 94612
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]

14

Counsel for Plaintiff Cathy LeBendig

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10
11
12

15

Dated: November 23, 2016

16

THE SHUMAN LAW FIRM
KIP B. SHUMAN (145842)
/s/ Kip B. Shuman
KIP B. SHUMAN

17
18

1 Montgomery Street, #1800
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]

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Counsel for Plaintiff George Hannon

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Dated November 23, 2016
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LIEFF CABRASER HEIMANN
& BERNSTEIN, LLP
RICHARD M. HEIMANN (063607)
KATHERINE LUBIN (259826)

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/s/ Richard M. Heimann
RICHARD M. HEIMANN

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28

-9STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

275 Battery Street, 29th Floor
San Francisco, CA 94111-3339
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

1
2
3
4

STEVEN E. FINEMAN (140335)
JOY A. KRUSE (142799)
DANIEL P. CHIPLOCK
NICHOLAS DIAMAND
MICHAEL J. MIARMI
250 Hudson Street, 8th Floor
New York, NY 10013-1413
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]
[e-mail]
[e-mail]
[e-mail]

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SHARON M. LEE
2101 Fourth Avenue, Suite 1900
Seattle, WA 98121-2315
Telephone: [phone]
E-mail: [e-mail]

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15
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Counsel for Plaintiff Fire & Police Pension
Association of Colorado

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18
Dated: November 23, 2016
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SULLIVAN & CROMWELL LLP
BRENDAN P. CULLEN (194057)
SVERKER K. HÖGBERG (244640)
/s/ Brendan P. Cullen
BRENDAN P. CULLEN

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1870 Embarcadero Road
Palo Alto, CA 94303-3308
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

26
27
28

Counsel for nominal defendant Wells Fargo &
Company
-10STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

Dated: November 23, 2016

SHEARMAN & STERLING LLP
JACULIN AARON (133983)

2

/s/ Jaculin Aaron
JACULIN AARON

3
4

599 Lexington Avenue
New York, NY 10022
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]

5
6
7

Counsel 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, Mackey J.
McDonald, Richard D. McCormick, Cynthia
H. Milligan, Nicholas G. Moore, Federico F.
Peña, James H. Quigley, Philip J. Quigley,
Judith M. Runstad, Howard V. Richardson,
Stephen W. Sanger, Susan G. Swenson, and
Suzanne M. Vautrinot

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12
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14
15

Dated: November 23, 2016

GOODWIN PROCTER LLP
GRANT P. FONDO (181530)
/s/ Grant P. Fondo
GRANT P. FONDO

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135 Commonwealth Drive
Menlo Park, CA 94025
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

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25
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RICHARD M. STRASSBERG (pro hac vice
forthcoming)
The New York Times Building
620 Eighth Avenue
New York, NY 10018
Telephone: [phone]
E-mail: [e-mail]
Counsel for defendant John G. Stumpf

27
28

-11STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

Dated: November 23, 2016

2

RAMSEY & EHRLICH LLP
ISMAIL RAMSEY (189820)
MILES EHRLICH (237954)
/s/ Ismail Ramsey
ISMAIL RAMSEY

3
4

803 Hearst Avenue
Berkeley, California 94710
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

5
6
7
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Counsel for defendant John R. Shrewsberry

9
10

Dated: November 23, 2016

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WILLIAMS & CONNOLLY LLP
BRENDAN V. SULLIVAN, JR. (pro hac vice
forthcoming)
ENU A. MAINIGI (pro hac vice forthcoming)
/s/ Brendan V. Sullivan
BRENDAN V. SULLIVAN

13
14

725 Twelfth Street, N.W.
Washington, D.C. 20005
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]

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17
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Counsel for defendant Carrie L. Tolstedt

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21

Dated: November 23, 2016

CLARENCE DYER & COHEN LLP
NANCI L. CLARENCE (122286)
JOSH A. COHEN (217853)

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/s/ Nanci L. Clarence
NANCI L. CLARENCE

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899 Ellis Street
San Francisco, CA 94109
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
[e-mail]
-12STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

Counsel for defendant Timothy J. Sloan

1
2
3

Dated: November 23, 2016

ARGUEDAS CASSMAN
& HEADLEY, LLP
CRISTINA C. ARGUEDAS (87787)

4

/s/ Cristina C. Arguedas
CRISTINA C. ARGUEDAS

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6
7
8
9

803 Hearst Avenue
Berkeley, California 94710
Telephone: [phone]
Facsimile: [phone]
E-mail: [e-mail]
Counsel for defendant Michael J. Loughlin

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-13STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

1

SIGNATURE ATTESTATION

2

I, Shane P. Sanders, am the ECF user whose identification and password are being used to

3 file the foregoing Stipulation and [Proposed] Order Consolidating Related Shareholder
4 Derivative Actions. In compliance with Civil L.R. 5-1(i)(3), I hereby attest that each of the
5 signatories identified above has concurred in this filing.
6

Executed this 23rd day of November 2016 at San Diego, California.

7
8

/s/ Shane P. Sanders
SHANE P. SANDERS

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11

****

12
13

ORDER

14

PURSUANT TO STIPULATION, IT IS SO ORDERED.

15
16 DATED: _______________________
December 12, 2016
17

______________________________________
HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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1131081

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-14STIPULATION AND [PROPOSED] ORDER CONSOLIDATING RELATED
SHAREHOLDER DERIVATIVE ACTIONS
Lead Case No. 3:16-cv-05541-JST

CERTIFICATE OF SERVICE
I hereby certify that, on November 23, 2016, a copy of the foregoing Stipulation and
[Proposed] Order Consolidating Related Shareholder Derivative Actions was electronically filed
with the Clerk of Court in the following actions:
•
•
•
•
•
•
•
•

Shaev v. Baker, et al., No. 3:16-cv-05541-JST;
Cook v. Loughlin, et al., No. 3:16-cv-05592-JST;
Sherman v. Stumpf, et al., No. 3:16-cv-05745-JST;
Elson, IRA v. Stumpf, et al., No. 3:16-cv-05817-JST;
The City of Birmingham Retirement and Relief System v. Baker, et al., No. 3:16-cv05915-JST;
LeBendig v. Wells Fargo & Company, et al., No. 3:16-cv-06262-JST;
Hannon v. Loughlin, et al., No. 3:16-cv-06624-MJE; and
Fire and Police Pension Association of Colorado v. Stumpf, et al., No. 3:16-cv-06631JST
Notice of this filing will be sent via e-mail to all parties, in all actions, by operation of

the Court's electronic filing system or by U.S. Mail to anyone unable to accept electronic filing
as indicated on the Notice of Electronic Filing. Parties may access this filing through the Court's
CM/ECF system.

/s/ Shane P. Sanders
SHANE P. SANDERS