Hannon v. Loughlin et al

Filing 22

STIPULATION AND ORDER re 21 STIPULATION WITH PROPOSED ORDER DEFERRING FILING OF ANSWERS OR MOTIONS IN RESPONSE TO THE COMPLAINT PENDING RESOLUTION OF MOTION TO CONSOLIDATE filed by Wells Fargo and Company. Signed by Judge Jon S. Tigar on March 5, 2018. (wsn, COURT STAFF) (Filed on 3/6/2018)

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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])
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]
Gilbert R. Serota (SBN 75305)
([e-mail])
ARNOLD & PORTER KAYE SCHOLER LLP
Three Embarcadero Center
San Francisco, California 94111
Telephone:
[phone]
Facsimile:
[phone]
Counsel for Nominal Defendant
Wells Fargo & Company

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UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA

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SAN FRANCISCO DIVISION

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

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v.
MICHAEL J. LOUGHLIN, et al.,
Defendants,

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Case No.: 3:17-cv-07236-JST
Related Case No.: 3:16-cv-05541-JST
STIPULATION AND [PROPOSED] ORDER
DEFERRING FILING OF ANSWERS OR
MOTIONS IN RESPONSE TO THE
COMPLAINT PENDING RESOLUTION OF
MOTION TO CONSOLIDATE
____
The Honorable Jon S. Tigar

- and WELLS FARGO & COMPANY,
Nominal Defendant.

SULLIVAN &
CROMWELL LLP

STIPULATION AND PROPOSED ORDER

WHEREAS, Plaintiff filed the Verified Shareholder Derivative Complaint (“Complaint”) on

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December 20, 2017.

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WHEREAS, Lead Plaintiffs in In re Wells Fargo & Company Shareholder Derivative Litigation,

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Lead Case No. 3:16-cv-05541-JST, moved to consolidate that action with the instant action on February

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14, 2018 (the “motion to consolidate”).

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WHEREAS, the parties have conferred and agreed that the filing of answers or motions in

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response to the Complaint shall be deferred until after the motion to consolidate has been resolved and

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that, provided answers or motions in response to the Complaint are still necessary following the

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resolution of the motion to consolidate, the below schedule shall be in effect:

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

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Answers or motions in response to the Complaint shall be filed no later than 30 days after the
motion to consolidate is resolved.

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

Oppositions to any motions shall be due 30 days thereafter.

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

Any replies shall be due 28 days after the deadline for filing oppositions.

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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between Plaintiff and

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Defendants, each through their counsel, that the deadline for filing answers or motions in response to the

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Complaint shall be deferred until 30 days after the motion to consolidate is resolved (provided that they

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are still necessary following the resolution of the motion to consolidate), that any oppositions shall be

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filed no later than 30 days thereafter, and that any replies shall be filed no later than 28 days after the

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deadline for filing oppositions. Should any of the foregoing deadlines fall on a Saturday, Sunday, or

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legal holiday, such deadline shall be automatically extended to the next business day.

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Dated: March 2, 2018

BOTTINI & BOTTINI, INC.

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By:

/s/ Francis A. Bottini, Jr.

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SULLIVAN &
CROMWELL LLP

Francis A. Bottini, Jr. (175783)
[e-mail]
Albert Y. Chang (296065)
[e-mail]
Yury A. Kolesnikov (271173)
[e-mail]
BOTTINI & BOTTINI, INC.
7817 Ivanhoe Avenue, Suite 102
La Jolla, CA 92037
Telephone: [phone]
Facsimile: [phone]

STIPULATION AND PROPOSED ORDER

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Kip Brian Shuman (145842)
[e-mail]
THE SHUMAN LAW FIRM
1 Montgomery Street, Suite 1800
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Plaintiff George J. Hannon

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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

Brendan P. Cullen (SBN 194057)
([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]
Gilbert R. Serota (SBN 75305)
([e-mail])
ARNOLD & PORTER KAYE SCHOLER LLP
Three Embarcadero Center, Suite 10
San Francisco, California 94111
Telephone: [phone]
Facsimile: [phone]

Counsel for Nominal Defendant
Wells Fargo & Company

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SULLIVAN &
CROMWELL LLP

-2STIPULATION AND PROPOSED ORDER

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GOODWIN PROCTER LLP
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By:

/s/ Grant P. Fondo

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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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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

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Attorneys for Defendant Timothy J. Sloan

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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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SULLIVAN &
CROMWELL LLP

/s/ Ismail Ramsey

Attorneys for Defendant John R. Shrewsberry

-3STIPULATION AND PROPOSED ORDER

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WILLIAMS & CONNOLLY LLP
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By:

/s/ Enu A. Mainigi

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Enu A. Mainigi (admitted pro hac vice)
([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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SHEARMAN & STERLING LLP

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By:

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

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/s/ Jaculin Aaron

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

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ARGUEDAS, CASSMAN & HEADLEY, LLP
By:

/s/ Ted W. Cassman

Cristina C. Arguedas
([e-mail])
Ted W. Cassman
([e-mail])
ARGUEDAS, CASSMAN & HEADLEY, LLP
803 Hearst Avenue
Berkeley, CA 94710
Telephone: [phone]
Facsimile: [phone]

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Attorneys for Defendant Michael J. Loughlin
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SULLIVAN &
CROMWELL LLP

-4STIPULATION AND PROPOSED ORDER

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FARMER BROWNSTEIN JAEGER LLP
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By:
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/s/ David C. Brownstein

David C. Brownstein
([e-mail])
FARMER BROWNSTEIN JAEGER LLP
235 Montgomery St., Suite 835
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [phone]
Roger A. Cooper (pro hac vice application forthcoming)
Howard S. Zelbo (pro hac vice application forthcoming)
CLEARY GOTTLIEB STEEN & HAMILTON LLP
One Liberty Plaza, New York NY 10006
Telephone: [phone]
Facsimile: [phone]
Attorneys for Defendant American Express Company

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SULLIVAN &
CROMWELL LLP

-5STIPULATION AND PROPOSED ORDER

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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 5, 2018

________________________________
THE HONORABLE JON S. TIGAR
UNITED STATES DISTRICT JUDGE

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SULLIVAN &
CROMWELL LLP

-6STIPULATION AND PROPOSED ORDER