Shaev v. Baker, II et al

Filing 85

STIPULATION AND ORDER re 84 STIPULATION WITH PROPOSED ORDER Setting Briefing Schedule filed by Wells Fargo & Company. Signed by Judge Jon S. Tigar on March 1, 2017. (wsn, COURT STAFF) (Filed on 3/1/2017)

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Richard H. Klapper (pro hac vice)
([e-mail])
SULLIVAN & CROMWELL LLP
125 Broad Street
New York, New York 10004-2498
Telephone: [phone]
Facsimile: [phone]
Brendan P. Cullen (SBN 194057)
([e-mail])
Sverker K. Hogberg (SBN 244640)
([e-mail])
Ryan J. McCauley (SBN 264913)
([e-mail])
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone:
[phone]
Facsimile:
[phone]
Christopher M. Viapiano (pro hac vice)
([e-mail])
SULLIVAN & CROMWELL LLP
1700 New York Avenue, N.W., Suite 700
Washington, D.C. 20006
Telephone:
[phone]
Facsimile:
[phone]
Counsel for Nominal Defendant
Wells Fargo & Company

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[Additional Counsel on Signature Page]
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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
IN RE WELLS FARGO & COMPANY
SHAREHOLDER DERIVATIVE
LITIGATION

STIPULATION AND [PROPOSED]
ORDER SETTING BRIEFING
SCHEDULE
_

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The Honorable Jon S. Tigar

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WHEREAS, Lead Plaintiffs and Defendants previously stipulated to a schedule

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concerning briefing on the threshold issue of demand futility, while preserving the Defendants’

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right to assert other defenses if necessary (including by motion or otherwise), and the Court
1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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

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entered the stipulated schedule, with modification, on February 8, 2017 (Doc. No. 81);

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WHEREAS, pursuant to the stipulated schedule, Lead Plaintiffs filed their Consolidated
Amended Complaint on February 24, 2017 (Doc. No. 83);

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WHEREAS, the parties have conferred and agreed upon a modified schedule that provides

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four days fewer for Defendants to file their expected motion to dismiss on demand futility,

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provides Lead Plaintiffs the same period of time to oppose any such motion, and provides

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Defendants four additional days to file a reply in support of any such motion, with the final

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submission on the same date as that ordered by the Court, as follows:

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Motion to Dismiss
Opposition
Reply (no change)
Hearing (no change)

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New Proposed Deadline
Friday, March 17
Monday, April 3
Friday, April 14
Thursday, May 4

Existing Deadline
Tuesday, March 21
Friday, April 7
Friday, April 14
Thursday, May 4

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

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Plaintiffs and Defendants, each through their counsel, that the following schedule shall be in

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effect for briefing on the question of whether Lead Plaintiffs’ Amended Consolidated Complaint

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adequately pleads demand futility:

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Last Day to File Motion to Dismiss on Demand Futility:

March 17, 2017

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Last Day to File Response to Motion to Dismiss:

April 3, 2017

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Last Day to File Reply to Responses:

April 14, 2017

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Hearing on Motion to Dismiss:

May 4, 2017, 2 pm

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Dated: February 28, 2017

LIEFF CABRASER HEIMANN & BERNSTEIN, LLP

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By:

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/s/ Richard M. Heimann

Richard M. Heimann (063607)
[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]

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1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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

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Steven E. Fineman (CA Bar No. 140335)
[e-mail]
Joy A. Kruse (CA Bar No. 142799)
[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 application to be filed)
[e-mail]
Lieff Cabraser Heimann & Bernstein, LLP
250 Hudson Street, 8th Floor
New York, NY 10013-1413
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Plaintiff Fire & Police Pension Association
of Colorado and Co-Lead Counsel

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Maya Saxena (admitted pro hac vice)
[e-mail]
Joseph E. White, III (admitted 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]

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Attorneys for Plaintiff The City of Birmingham
Retirement and Relief System and Co-Lead Counsel

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SULLIVAN & CROMWELL LLP

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By:

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Richard H. Klapper (pro hac vice)
([e-mail])
SULLIVAN & CROMWELL LLP
125 Broad Street
New York, New York 10004-2498
Telephone: [phone]
Facsimile: [phone]

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/s/ Brendan P. Cullen

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1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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

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Brendan P. Cullen (SBN 194057)
([e-mail])
Sverker K. Hogberg (SBN 244640)
([e-mail])
Ryan J. McCauley (SBN 264913)
([e-mail])
SULLIVAN & CROMWELL LLP
1870 Embarcadero Road
Palo Alto, California 94303
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Nominal Defendant Wells Fargo & Co.

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GOODWIN PROCTER LLP
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By:

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Richard M. Strassberg (pro hac vice forthcoming)
([e-mail])
GOODWIN PROCTER LLP
620 8th Avenue
New York, NY 10018
Telephone: [phone]
Facsimile: [phone]

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/s/ Grant P. Fondo

Grant P. Fondo
([e-mail])
GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, CA 94025
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Defendant John G. Stumpf

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CLARENCE DYER & COHEN LLP

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By:

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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]

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/s/ Josh A. Cohen

Attorneys for Defendant Timothy J. Sloan

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1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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

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RAMSEY & EHRLICH LLP
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By:

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Miles Ehrlich
([e-mail])
Ismail Ramsey
([e-mail])
RAMSEY & EHRLICH LLP
803 Hearst Avenue
Berkeley, CA 94710
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Defendant John R. Shrewsberry

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/s/ Ismail Ramsey

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WILLIAMS & CONNOLLY LLP
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By:

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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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/s/ Enu A. Mainigi

SHEARMAN & STERLING LLP

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By:

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/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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1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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

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ATTESTATION PURSUANT TO GENERAL ORDER 45

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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.

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DATED: February 28, 2017

/s/ Brendan P. Cullen

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1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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

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ORDER

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THE FOREGOING STIPULATION IS APPROVED AND IT IS SO ORDERED.

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Dated: March 1, 2017
THE HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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1337689.1

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STIPULATION AND PROPOSED ORDER
SETTING BRIEFING SCHEDULE

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