Romaneck v. Safeway Inc. et al

Filing 36

ORDER GRANTING 35 STIPULATION Vacating Dates and Staying Action. Signed by Judge JEFFREY S. WHITE on 7/8/14. (jjoS, COURT STAFF) (Filed on 7/8/2014)

Case4:14-cv-02015-JSW Document35 Filed07/08/14 Page1 of 6

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LATHAM & WATKINS LLP
Patrick E. Gibbs (Bar No. 183174)
Allison S. Davidson (Bar No. 267964)
Cara A. Gray (Bar No. 282865)
140 Scott Drive
Menlo Park, California 94025
Telephone: [phone]
Facsimile: +1.650.463.2600

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Attorneys for Defendant
Safeway, Inc. and the Individual Defendants

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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OAKLAND DIVISION

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LAWRENCE ROMANECK, Individually and
on Behalf of All Others Similarly Situated,

Case No. 4:14-cv-02015-JSW

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CLASS ACTION
Plaintiff,

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STIPULATION AND [PROPOSED] ORDER
VACATING DATES AND STAYING
ACTION

v.
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SAFEWAY, INC., ROBERT EDWARDS,
JANET E. GROVE, MOHAN GYANI,
FRANK C. HERRINGER, GEORGE J.
MARROW, KENNETH W. ODER, T. GARY
ROGERS, ARUN SARIN, WILLIAM Y.
TAUSCHER, CERBERUS CAPITAL
MANAGEMENT L.P., AB ACQUISITION
LLC, ALBERSTON’S HOLDINGS LLC,
ALBERTSON’S LLC, and SATURN
ACQUISITION MERGER SUB, INC.,

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Defendants.

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Plaintiff Lawrence Romaneck (“Plaintiff”), and defendants Safeway Inc., Robert L.

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Edwards, T. Gary Rogers, William Y. Tauscher, Mohan Gyani, Arun Sarin, Janet E. Grove,

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Frank C. Herringer, Kenneth W. Oder, George J. Morrow, AB Acquisition LLC, Albertson's

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Holdings LLC, Albertson's LLC, Saturn Acquisition Merger Sub, Inc., and Cerberus Capital

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Management L.P. (collectively, “Defendants”), through their respective counsel, hereby stipulate

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as follows:

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ATTORNEYS AT LAW
SILICON VALLEY

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Case No. 4:14-cv-02015-JSW
STIPULATION AND [PROPOSED] ORDER FOR ADDITIONAL
TIME TO RESPOND TO COMPLAINT

Case4:14-cv-02015-JSW Document35 Filed07/08/14 Page2 of 6

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WHEREAS, Plaintiff commenced the above-captioned action by filing its Complaint on
May 1, 2014;

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WHEREAS, on May 14, 2014, Plaintiff filed a Notice of Motion and Motion for Relief

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From PSLRA Discovery Stay (“Motion for Relief”) (Dkt. 11), and on June 30, 2014, Plaintiff

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withdrew its Motion for Relief (Dkt. 30);

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WHEREAS, on June 9, 2014, the Court issued an order relating this case to Steamfitters

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Local 449 Pension Fund v. Safeway, Inc., et al., Case No. 14-cv-01670 JSW (“Steamfitters

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Action”) and reassigning this action to the Court (Dkt. 24]);

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WHEREAS, Defendants’ responsive pleading to Plaintiff’s Complaint is due on July 28,
2014;

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WHEREAS, there is an action currently pending before the Delaware Court of Chancery

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entitled In re Safeway Inc. Stockholders Litigation, Consolidated C.A. No. 9445-VCL (the

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"Delaware Action");

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WHEREAS, the parties to the Delaware Action have reached an agreement in principle to

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resolve the Delaware Action and signed a Memorandum of Understanding on June 13, 2014 (the

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"Delaware Settlement");

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WHEREAS, Plaintiff has reviewed the terms of the Delaware Settlement and agrees that
the results obtained are beneficial to the proposed class of Safeway shareholders;

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WHEREAS, Plaintiff has reached an agreement with the plaintiffs in Delaware whereby

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Plaintiff will participate in the Delaware Settlement and submit the question of the fees to which

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they may be entitled to the exclusive jurisdiction of the Delaware Chancery Court, under the

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Stipulation of Settlement submitted therein, and whereby this action will be stayed pending the

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entry of an order granting final approval of the Delaware Settlement;

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WHEREAS, in light of this agreement, the parties agree that all briefing and hearing

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dates and deadlines in this action should be vacated and this action should be stayed in its

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entirety pending final resolution of the Delaware Action; and

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ATTORNEYS AT LAW
SILICON VALLEY

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Case No. 4:14-cv-02015-JSW
STIPULATION AND [PROPOSED] ORDER
VACATING DATES AND STAYING ACTION

Case4:14-cv-02015-JSW Document35 Filed07/08/14 Page3 of 6

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WHEREAS, the parties agree that should the Court decide not to enter an order

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consistent with this stipulation, each party will not assert that the other has failed to timely file to

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the extent each party is acting in reliance on this stipulation.

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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and between
the undersigned counsel, subject to approval of the Court, as follows:

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in this action are vacated;

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2.

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This action is stayed in its entirety pending final resolution of the Delaware

Action; and

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All briefing deadlines and/or hearing dates set by the Court and currently pending

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The parties will promptly notify the Court of the resolution of the Delaware

Action.
IT IS SO STIPULATED.

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ATTORNEYS AT LAW
SILICON VALLEY

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Case No. 4:14-cv-02015-JSW
STIPULATION AND [PROPOSED] ORDER
VACATING DATES AND STAYING ACTION

Case4:14-cv-02015-JSW Document35 Filed07/08/14 Page4 of 6

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Dated: July 8, 2014

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LATHAM & WATKINS, LLP
PATRICK E. GIBBS
ALLISON S. DAVIDSON
CARA A. GRAY

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/s/ Allison S. Davidson
ALLISON S. DAVIDSON

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140 Scott Drive
Menlo Park, CA 94025
Telephone: [phone]
Facsimile: [phone]
[e-mail]
[e-mail]
[e-mail]

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Counsel for defendants Safeway Inc., Robert L.
Edwards, T. Gary Rogers, William Y.
Tauscher, Mohan Gyani, Arun Sarin, Janet E.
Grove, Frank C. Herringer, Kenneth W. Oder,
and George J. Morrow

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Dated: June 8, 2014

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/s/ Joshua D. N. Hess
JOSHUA D. N. HESS

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One Bush Street, Suite 1600
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [phone]
[e-mail]
[e-mail]
[e-mail]
[e-mail]

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Counsel for defendants AB Acquisition LLC,
Albertson's Holdings LLC, Albertson's LLC,
and Saturn Acquisition Merger Sub, Inc.

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ATTORNEYS AT LAW
SILICON VALLEY

DECHERT LLP
MATTHEW L. LARRABEE
JOSHUA D. N. HESS
MARK P. DIPERNA
BRIAN C. RAPHEL

Dated: July 8, 2014

FOLGER LEVIN LLP
ROGER B. MEAD
/s/ Roger B. Mead
ROGER B. MEAD
199 Fremont Street, 20th Floor
San Francisco, CA 94105
Telephone: [phone]
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Case No. 4:14-cv-02015-JSW
STIPULATION AND [PROPOSED] ORDER
VACATING DATES AND STAYING ACTION

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Facsimile: [phone]

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Counsel for defendant Cerberus Capital
Management L.P.

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Dated: July 8, 2014

GLANCY BINKOW & GOLDBERG LLP
LIONEL Z. GLANCY
MICHAEL GOLDBERG
LOUIS N. GOLDBERG
/s/ Lionel Z. Glancy______
LIONEL Z. GLANCY

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1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Telephone: [phone]
Facsimile: [phone]
[e-mail]

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Counsel for Plaintiff Lawrence Romaneck

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ORDER

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PURSUANT TO STIPULATION, IT IS SO ORDERED.
Dated: July 8, 2014
___________________________

______________________________
THE HONORABLE
JEFFREY S. WHITE
United States District Judge

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ATTORNEYS AT LAW
SILICON VALLEY

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Case No. 4:14-cv-02015-JSW
STIPULATION AND [PROPOSED] ORDER
VACATING DATES AND STAYING ACTION