Messinger et al v. Uber Technologies, Inc. et al

Filing 57

STIPULATION AND CONSOLIDATION ORDER. Signed by Judge Richard Seeborg on 1/25/2021. (clS, COURT STAFF) (Filed on 2/16/2021)

Jonathan Gardner (admitted pro hac vice)
Alfred L. Fatale III (admitted pro hac vice)
Joseph N. Cotilletta (admitted pro hac vice)
Marco A. Dueñas (admitted pro hac vice)
LABATON SUCHAROW LLP
140 Broadway
New York, New York 10005
Telephone: [phone]
Facsimile: [phone]
Email: [e-mail]
[e-mail]
[e-mail]
[e-mail]
Lead Counsel for Lead Plaintiff Boston Retirement System
[Additional Counsel on Signature Page]
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION
BOSTON RETIREMENT SYSTEM,
Individually and On Behalf Of All Others
Similarly Situated,

Case No. 3:19-cv-06361-RS

Plaintiff,

STIPULATION AND
CONSOLIDATION ORDER

v.
UBER TECHNOLOGIES, INC., et al.,
Defendants.

DAVID MESSINGER, GERALD
ASHFORD,
IRVING S. AND JUDITH BRAUN, ELLIE
MARIE TORONTO ESA, VARGHESE
PALLATHU, JOSEPH CIANCI, and
JOHNNY RAMEY, Individually and on
Behalf of All Others Similarly Situated,
Plaintiffs,
v.
UBER TECHNOLOGIES, INC., et al.,
Defendants.

Case No. 3:20-cv-08610-RS

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Pursuant to Federal Rule of Civil Procedure (“Fed. R. Civ. P.”) 16(d), Civil Local Rule

2 (“Civil L.R.”) 23-1(b), and Manual for Complex Litigation, Fourth §§ 11.12, 11.21 and 31
3 (2004), the parties stipulate, and the Court hereby orders, as follows:
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WHEREAS, on October 4, 2019, Benjamin Stirratt filed a complaint alleging violations

5 of the federal securities laws against Uber Technologies, Inc. (“Uber”), certain of its current and
6 former directors and officers, and the investment banks that served as underwriters for Uber’s
7 initial public offering;
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WHEREAS, pursuant to a January 3, 2020 Court order, the Court appointed Boston

9 Retirement System as Lead Plaintiff and Labaton Sucharow LLP as Lead Counsel for the case,
10 now captioned Boston Retirement System v. Uber Technologies, Inc., No. 3:19-cv-06361-RS
11 (“Boston Retirement System Action”);
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WHEREAS, pursuant to an August 7, 2020 Court order, the Court denied Defendants’

13 motion to dismiss the operative complaint in the Boston Retirement System Action;
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WHEREAS, pursuant to a November 30, 2020 Court order, Levi & Korsinsky, LLP was

15 appointed Liaison Counsel for Lead Plaintiff in the Boston Retirement System Action;
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WHEREAS, on December 5, 2020, plaintiffs David Messinger, Gerald Ashford, Irving S.

17 and Judith Braun, Ellie Marie Toronto ESA, Varghese Pallathu, Joseph Cianci, and Johnny
18 Ramey filed a complaint alleging violations of the federal securities laws against the same
19 defendants, in the action captioned Messinger et al v. Uber Technologies, Inc., No. 3:20-cv20 08610-WHA (“Messinger Action”), which action has since been deemed related to the Boston
21 Retirement System Action and assigned to this Court; and
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WHEREAS, the parties believe the Boston Retirement and Messinger Actions should be

23 consolidated because: (1) they are both purported class actions asserting the same causes of
24 action under §§11, 12(a)(2) and 15 of the Securities Act of 1933, against the same Defendants,
25 and arising from the same circumstances; and (2) it would be unduly burdensome, involve
26 unwarranted duplication of effort and expense, and give rise to the prospect of inconsistent or
27 conflicting results if the Actions were heard by different Judges.
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STIPULATION AND PROPOSED CONSOLIDATION ORDER – CIVIL ACTION NO. 3:19-cv-06361-RS

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IT IS ORDERED, in accord with the Parties’ stipulation and agreement as reflected

2 herein, that these matters are related cases within the meaning of Civil L.R. 3-12. Pursuant to Fed.
3 R. Civ. P. 42(a), the Messinger Action (No. 3:20-cv-08610-RS) is consolidated into the Boston
4 Retirement System Action (No. 3:19-cv-06361-RS) for all purposes before this Court.
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IT IS FURTHER ORDERED that Boston Retirement System shall continue as the Lead

6 Plaintiff in the consolidated action.
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IT IS FURTHER ORDERED that Labaton Sucharow LLP shall continue to serve as the

8 Lead Counsel. Lead Counsel shall have the discretion to coordinate activities and dissemination
9 of work to counsel of record in the Messinger Action for the benefit of the Class and in keeping
10 with its obligations and continuing role as Lead Counsel.
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IT IS FURTHER ORDERED that Defendants are not required to respond to the complaint

12 in the Messinger Action because the operative complaint for purposes of this consolidation shall
13 be the amended complaint filed in the Boston Retirement System Action (Docket No. 80), while
14 reserving all rights and defenses that Defendants may have with respect to the Messinger Action.
15 DATED: January 21, 2021
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SCOTT+SCOTT
ATTORNEYS AT LAW LLP

LABATON SUCHAROW LLP
/s/ Alfred. L. Fatale III
JONATHAN GARDNER
ALFRED L. FATALE III
JOSEPH N. COTILLETTA
MARCO A. DUEÑAS
140 Broadway
New York, New York 10005
Telephone: [phone]
212/544-1444
[e-mail]
[e-mail]
[e-mail]
[e-mail]

/s/ John T. Jasnoch
JOHN T. JASNOCH (CA 281605)
600 W. Broadway, Suite 3300
San Diego, CA 92101
Telephone: [phone]
619/233-0508 (fax)
[e-mail]
Attorneys for Plaintiff David Messinger

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Lead Counsel for Lead Plaintiff
Boston Retirement System

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WILLKIE FARR & GALLAGHER
LLP

SHEARMAN & STERLING LLP
/s/ Daniel H.R. Laguardia
Patrick D. Robbins
Daniel H.R. Laguardia

/s/ Todd G. Cosenza
Todd G. Cosenza
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STIPULATION AND PROPOSED CONSOLIDATION ORDER – CIVIL ACTION NO. 3:19-cv-06361-RS

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Emily V. Griffen
George B. Adams, III
535 Mission Street
San Francisco, CA 94105
[e-mail]
[e-mail]
[e-mail]
[e-mail]

787 Seventh Avenue
New York, NY 10019-6099
Telephone: [phone]
Facsimile: [phone]
[e-mail]

Attorneys for Defendants Uber Technologies,
Inc., Dara Khosrowshahi, Nelson Chai, Glen
Ceremony, Ronald Sugar, Ursula Burns,
Garrett Camp, Matt Cohler, Ryan Graves,
Arianna Huffington, Travis Kalanick, Wan
Ling Martello, H.E. Yasir Al-Rumayyan, John
Thain, and David Trujillo

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Attorneys for Defendants Morgan
Stanley & Co. LLC, Goldman Sachs
& Co. LLC, Merrill Lynch, Pierce,
Fenner & Smith Incorporated,
Barclays Capital Inc., Citigroup
Global Markets Inc., Allen &
Company LLC, RBC Capital
Markets, LLC, SunTrust Robinson
Humphrey, Inc. (f/k/a Truist
Securities, Inc.), Deutsche Bank
Securities Inc., HSBC Securities
(USA) Inc., SMBC Nikko Securities
America, Inc., Mizuho Securities
USA LLC, Needham & Company,
LLC, Loop Capital Markets LLC,
Siebert Cisneros Shank & Co.,
L.L.C., Academy Securities, Inc.,
BTIG, LLC, Canaccord Genuity
LLC, CastleOak Securities, L.P.,
Cowen and Company, LLC, Evercore
Group L.L.C., JMP Securities LLC,
Macquarie Capital (USA) Inc.,
Mischler Financial Group, Inc.,
Oppenheimer & Co. Inc., Raymond
James & Associates, Inc., William
Blair & Company, L.L.C., The
Williams Capital Group, L.P., and
TPG Capital BD, LLC

PURSUANT TO STIPULATION, IT IS SO ORDERED.
DATED: ________________________

_____________________________________
United States District Judge

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STIPULATION AND PROPOSED CONSOLIDATION ORDER – CIVIL ACTION NO. 3:19-cv-06361-RS

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ECF ATTESTATION
Pursuant to Civil L.R. 5-1(i)(3), the filer attests that concurrence in the filing of this
document has been obtained from each of the other signatories thereto.
Executed this 21st day of January, 2021, in New York, New York.

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/s/ Alfred L. Fatale III
Alfred L. Fatale III

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STIPULATION AND PROPOSED CONSOLIDATION ORDER – CIVIL ACTION NO. 3:19-cv-06361-RS