Sgarlata v. PayPal Holdings, Inc. et al

Filing 52

STIPULATION AND ORDER re #50 STIPULATION WITH PROPOSED ORDER filed by Edwin K. Bell, Michael Eckert. Signed by Judge Edward M. Chen on 4/6/18. (bpf, COURT STAFF) (Filed on 4/6/2018)

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Jennifer Pafiti (SBN 282790)
POMERANTZ LLP
468 North Camden Drive
Beverly Hills, CA 90210
Telephone:
[phone]
E-mail: [e-mail]
Attorney for Plaintiff
- 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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RONALD SGARLATA, Individually and on
Behalf of All Others Similarly Situated,
Plaintiff,
v.

Case No.: 3:17-cv-06956
STIPULATION AND [PROPOSED]
ORDER
Date Action Filed: December 6, 2017

PAYPAL HOLDINGS, INC., DANIEL H.
SCHULMAN, JOHN D. RAINEY JR., and
HAMED SHAHBAZI,
Defendants.

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STIPULATION AND [PROPOSED] ORDER; Case No. 3:17-CV-06956

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WHEREAS, the above-captioned action is a proposed class action alleging violations of

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the federal securities laws against PayPal Holdings, Inc. (“Paypal” or the “Company”), Daniel H.

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Schulman (“Schulman”), John D. Rainey Jr. (“Rainey”), and Hamed Shahbazi (“Shahbazi”)

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(collectively, “Defendants”);

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WHEREAS, this action is subject to the requirements of the Private Securities Litigation

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Reform Act of 1995, Pub. L. No. 104-67, 109 Stat. 737 (1995) (the “PSLRA”), which sets forth

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specialized procedures for the administration of securities class actions;

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WHEREAS, on March 16, 2018, the Court entered an order appointing movants Michael

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Eckert and Edwin Bell as Interim Co-Lead Plaintiffs and approving their choices of Pomerantz

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LLP and The Rosen Law Firm, P.A. as Interim Co-lead Counsel (Dkt. No. 31);

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WHEREAS, on March 30, 2018, the Court entered an order regarding the timing of the

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filing of an amended complaint and Defendants Paypal, Schulman, and Rainey’s response thereto

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(Dkt. No.41) (“Scheduling Order”);

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WHEREAS, Shahbazi was not a party to the previously entered Scheduling Order and at

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the time of the filing of the previous stipulation, Interim Co-Lead Counsel was negotiating the

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issue of service of process with Shahbazi’s Canadian counsel; and

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WHEREAS, so that the schedule of Shahbazi’s response to an amended complaint is
consistent with the schedule for PayPal, Schulman, and Rainey’s response;
IT IS ACCORDINGLY STIPULATED, by and between the undersigned counsel for the
parties, that:
1. Pursuant to the Court’s Order dated March 30, 2018 (Docket No. 41) Interim Co-Lead
Plaintiffs shall file an amended complaint on or before June 12, 2018;
2. Defendant Shahbazi shall file his response to the amended complaint within thirty
(30) days after the filing of the amended complaint; and

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3. If Defendant Shahbazi moves to dismiss the amended complaint, Interim Co-Lead

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Plaintiffs’ opposition shall be due within thirty (30) days after the filing of the

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motion(s) to dismiss; and any replies shall be due within twenty (20) days after the

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filing of Interim Co-Lead Plaintiffs’ opposition.
STIPULATION AND [PROPOSED] ORDER; Case No. 3:17-CV-06956

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Dated: April 5, 2018

POMERANTZ LLP

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By: /s/ Louis Ludwig
Jennifer Pafiti
468 North Camden Drive
Beverly Hills, CA 90210
Phone: [phone]
Email:
[e-mail]

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Jeremy A. Lieberman
J. Alexander Hood II
600 Third Avenue, 20th Floor
New York, NY 10016
Phone: [phone]
Fax:
212.661.8665
Email:
[e-mail]
[e-mail]

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Patrick V. Dahlstrom
Louis C. Ludwig
Ten South La Salle Street, Suite 3505
Chicago, IL 60603
Phone: [phone]
Fax:
312.377.1184
Email:
[e-mail]
[e-mail]

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Interim Co-Lead Counsel
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Dated: April 5, 2018

THE ROSEN LAW FIRM, P.A.

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By: /s/ Laurence Rosen
Laurence Rosen
355 South Grand Avenue, Suite 2450
Los Angeles, CA 90071
Telephone: [phone]
Facsimile: [phone]
Email:
[e-mail]
Interim Co-Lead Counsel

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STIPULATION AND [PROPOSED] ORDER; Case No. 3:17-CV-06956

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Pursuant to Civil L.R. 5-1(i)(3), all signatories concur in filing this stipulation.

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Dated: April 5, 2018

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FENWICK & WEST LLP
By:/s/ Jay L. Pomerantz
Jay L. Pomerantz
801 California Street
Mountain View, CA 94041
Phone: [phone]
Email: [e-mail]
Counsel for Defendant Hamed Shahbazi

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[PROPOSED] ORDER

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NO

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ERED
O ORD
S
IT ISHon. Edward M. Chen

United States District Court Judge
hen
rd M. C
ge Edwa
Jud

FO

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4/6/18

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A

H

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Dated:

UNIT
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S DISTRICT
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PURSUANT TO STIPULATION, IT IS SO ORDERED.

R NIA

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F
D IS T IC T O
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STIPULATION AND [PROPOSED] ORDER; Case No. 3:17-CV-06956

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