Northstar Financial Advisors Inc. v. Schwab Investments et al

Filing 136

ORDER Regarding Briefing Schedule. Signed by Judge Lucy H. Koh on 10/12/2010. (lhklc2, COURT STAFF) (Filed on 10/12/2010)

Northstar Financial Advisors Inc. v. Schwab Investments et al

Doc. 136

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DARRYL P. RAINS (CA SBN 104802) EUGENE ILLOVSKY (CA SBN 117892) MORRISON & FOERSTER LLP 755 Page Mill Road Palo Alto, California 94304-1018 Telephone: [phone] Facsimile: 650.494.0792 Email: [e-mail] CRAIG D. MARTIN (CA SBN 168195) DOROTHY L. FERNANDEZ (CA SBN 184266) MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: [phone] Facsimile: 415.268.7522 Attorneys for defendants Schwab Investments, Charles Schwab Investment Management, Inc., Marianne Byerwalter, Donald F. Dorward, William A. Hasler, Robert G. Holmes, Gerald B. Smith, Donald R. Stephens, Michael W. Wilsey, Charles R. Schwab, Randall W. Merk, Joseph H. Wender, and John F. Cogan UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION

NORTHSTAR FINANCIAL ADVISORS, INC., on Behalf of Itself and All Others Similarly Situated, Plaintiff, v. SCHWAB INVESTMENTS, and MARIANNE BYERWALTER, DONALD F. DORWARD, WILLIAM A. HASLER, ROBERT G. HOLMES, GERALD B. SMITH, DONALD R. STEPHENS, MICHAEL W. WILSEY, CHARLES R. SCHWAB, RANDALL W. MERK, JOSEPH H. WENDER, and JOHN F. COGAN as TRUSTEES OF SCHWAB INVESTMENTS; and CHARLES SCHWAB INVESTMENT MANAGEMENT, INC. Defendants.

Case No.

CV-08-4119 LHK (PVT)

CLASS ACTION STIPULATION AND [PROPOSED] ORDER RE MOTION TO CONSOLIDATE

Courtroom: 4, 5th Floor Judge: Hon. Lucy H. Koh Date Action Filed: Aug. 23, 2008

STIP. AND [PROPOSED] ORDER RE MOTION TO CONSOLIDATE CASE NO. CV-08-4119 LHK (PVT) sf-2906500
Dockets.Justia.com

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JERRY SMIT, individually and on behalf of all others similarly situated, Plaintiff,

Case No.

CV-10-3971 JSW

CLASS ACTION v.

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STIP. AND [PROPOSED] ORDER RE MOTION TO CONSOLIDATE CASE NO. CV-08-4119 LHK (PVT) sf-2906500

CHARLES SCHWAB & CO., INC., SCHWAB INVESTMENTS, and CHARLES SCHWAB INVESTMENT MANAGEMENT, INC.,

Date Action filed: September 3, 2010

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WHEREAS, on October 11, 2010, defendants Schwab Investments, Charles Schwab Investment Management, Inc., Marianne Byerwalter, Donald F. Dorward, William A. Hasler, Robert G. Holmes, Gerald B. Smith, Donald R. Stephens, Michael W. Wilsey, Charles R. Schwab, Randall W. Merk, Joseph H. Wender, and John F. Cogan (collectively "Defendants"), are filing a Motion to Consolidate Cases CV-08-4119 LHK and CV-10-03971 JSW. WHEREAS, Jerry Smit, the plaintiff in Smit v. Charles Schwab & Co., Inc., No. CV-103971 JSW, agrees that these cases should be consolidated and hereby stipulates to such consolidation; WHEREAS, the plaintiff in Northstar Financial Advisors, Inc. v. Schwab Investments, CV-08-4119 LHK, anticipates that it will oppose Defendants' Motion to Consolidate Cases; WHEREAS, the parties have met and conferred regarding a briefing schedule on Defendants' motion and for the convenience of the Court and the parties wish to have it heard on the same day as Defendants' motions to dismiss the Northstar and Smit actions, which are currently set for January 13, 2011; IT IS HEREBY STIPULATED AND AGREED among the undersigned parties, subject to Court approval, that Defendants shall file their motion to consolidate on October 11, 2010, Plaintiff Smit will file supporting papers, if any, on or before November 5, 2010,Defendants shall file their motions to dismiss the Northstar and Smit actions on or before November 10, 2010, and Northstar Financial Advisors, Inc. shall file its opposition to Defendants' motion to consolidate on November 19, 2010, and Defendants shall file their reply on the motion to consolidate on December 21, 2010. The hearing on Defendants' motion to consolidate shall be set for January 13, 2011 at 1:30 p.m. or as soon thereafter as the matter may be heard. /// /// ///

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IT IS SO STIPULATED. Dated: October 11, 2010 DARRYL P. RAINS EUGENE ILLOVSKY CRAIG D. MARTIN DOROTHY L. FERNANDEZ MORRISON & FOERSTER LLP By: /s/ Dorothy L. Fernandez_______________ Dorothy L. Fernandez Attorneys for Defendants Dated: October 11, 2010 WOLF POPPER LLP By: /s/ Robert C. Finkel Robert C. Finkel (admitted pro hac vice)

845 Third Avenue New York, NY 10022 Telephone: [phone] Facsimile: [phone] Marc J. Gross Nicolas P. Grippo GREENBAUM ROWE SMITH & DAVIS LLP 75 Livingston Street, Suite 301 Roseland, New Jersey 07068 Telephone: [phone] Facsimile: [phone] Co-Lead Counsel for Plaintiff Northstar Financial Advisors, Inc. Joseph J. Tabacco, Jr. Christopher T. Heffelfinger BERMAN DEVALERIO 425 California St., Suite 900 San Francisco, California 94111 Telephone: [phone] Facsimile: [phone] Liaison Counsel for Plaintiff Northstar Financial Advisors, Inc.

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Dated: October 11, 2010

HAGENS BERMAN SOBOL SHAPIRO LLP By: /s/ Sean R. Matt______________________ Sean R. Matt

Reed R. Kathrein (139304) Peter E. Borkon (212596) 715 Hearst Ave., Suite 202 Berkeley, CA 94710 Telephone: [phone] Facsimile: [phone] [e-mail] [e-mail] Steve W. Berman Sean R. Matt HAGENS BERMAN SOBOL SHAPIRO LLP 1918 Eighth Avenue, Suite 3300 Seattle, WA 98101 Telephone: [phone] Facsimile: [phone] [e-mail] [e-mail] Counsel for Plaintiff Smit and the Proposed Class IT IS SO ORDERED. Dated: October 12 2010 __, HONORABLE LUCY H. KOH UNITED STATES DISTRICT JUDGE

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