Ty Rayner v. E*Trade Financial Corporation et al

Filing 23

STIPULATION AND ORDER 16 to Stay Action. Case is stayed until decisions on the motions to dismiss are entered in each of the PFOF actions. The parties are to notify the Court within 5 days of the issuance of the written decisions. Signed by Judge Ronald M. Whyte on 5/4/15. (jgS, COURT STAFF) (Filed on 5/4/2015)

1 QUINN EMANUEL URQUHART & SULLIVAN, LLP
Faith Gay (Pro Hac Vice Appl. Pending)
 [e-mail]
Marc Greenwald (Bar No. 176072)
 [e-mail]
R. Corey Worcester (Pro Hac Vice Appl. Pending)
 [e-mail]
Julia Beskin (Pro Hac Vice Appl. To Be Filed)
 [e-mail]
51 Madison Avenue, 22nd Floor
 New York, New York 10010-1601
Telephone:
[phone]
Facsimile:
[phone]

 QUINN EMANUEL URQUHART & SULLIVAN, LLP
Patrick Doolittle (Bar No. 203659)
 [e-mail]
50 California Street, 22nd Floor
 San Francisco, California 94111
Telephone:
[phone]
Facsimile:
[phone]

 Attorneys for Defendants


UNITED STATES DISTRICT COURT



NORTHERN DISTRICT OF CALIFORNIA – SAN JOSE DIVISION

 TY RAYNER, on Behalf of Himself and All
Others Similarly Situated,

Plaintiff,

vs.

E*TRADE FINANCIAL CORPORATION
 and E*TRADE SECURITIES LLC,











CASE No.: 15-cv-01384-RMW
STIPULATION AND
[] ORDER
TO STAY ACTION
CLASS ACTION

Defendant.
Plaintiff Ty Rayner, on behalf of himself and others similarly situated (“Plaintiff”) and
Defendants E*TRADE Financial Corporation and E*TRADE Securities LLC (“Defendants,”
together with Plaintiff, “the Parties”), by and through their counsel, enter into the following
stipulation to stay this action:
WHEREAS, Plaintiff filed his Complaint on March 25, 2015; and
WHEREAS, the following cases (which were brought by different plaintiffs against
different defendants than the Parties) contain allegations with respect to payment for order flow:
Zola v. TD Ameritrade, Inc., D. Neb., 8:14-cv-288; Verdieck v. TD Ameritrade, Inc., D. Neb.,
Case No. 15-cv-01384

1 8:14-cv-289; Lerner v. TD Ameritrade, Inc., D. Neb., 8:14-cv-325; Sarbacker v. TD Ameritrade
2 Holding Corporation; D. Neb., 8:14-cv-341; Lewis v. Scottrade, Inc., S.D. Cal. 3:14-cv-02926
3 (collectively, the “PFOF Actions”); and
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WHEREAS, motions to dismiss are pending in each of the PFOF Actions; and

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WHEREAS, neither Party will be prejudiced by a stay pending resolution of the motions to

6 dismiss in the PFOF Actions:
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IT IS HEREBY STIPULATED that this action shall be stayed until decisions on the

8 motions to dismiss are entered in each of the PFOF Actions. Defendants need not answer or
9 otherwise respond to the Complaint during the pendency of the motions to dismiss in the PFOF
10 Actions. Defendants will have 20 days to answer or otherwise respond to Plaintiff’s Complaint
11 following the issuance of decisions on the motions to dismiss in the PFOF Actions. The Parties
12 shall jointly advise the Court of the issuance of decisions on the motions to dismiss in the PFOF
13 Actions within 5 days of the written decisions.
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In light of the foregoing, the parties respectfully request that the Case Management

15 Conference currently set for July 14, 2015, be vacated until the stay is lifted.
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DATED: April 16, 2015

BLOOD HURST & O’REARDON, LLP
TIMOTHY G. BLOOD (149343)
THOMAS J. O’REARDON II (247952)

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By: /s/ Timothy G. Blood
TIMOTHY G. BLOOD
701 B Street, Suite 1700
San Diego, CA 92101
Tel: [phone]
Fax: [phone]
[e-mail]
[e-mail]
ROBBINS ARROYO LLP
BRIAN J. ROBBINS (190264)
KEVIN A. SEELY (199982)
ASHLEY P. PALMER (246602)
LEONID KANDINOV (279650)
600 B Street, Suite 1900
San Diego, CA 92101
Tel: [phone]
Fax: [phone]
[e-mail]
[e-mail]
[e-mail]
-2STIPULATION AND [] ORDER TO STAY ACTION

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[e-mail]

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LANDAY ROBERTS LLP
JOHN K. LANDAY (257573)
MALCOLM B. ROBERTS (242431)
450 J. Street, Unit 5291
San Diego, CA 92101
Tel: [phone]
[e-mail]
[e-mail]

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Attorneys for Plaintiff
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QUINN EMANUEL URQUHART
& SULLIVAN

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By: /s/ Patrick Doolittle
Faith Gay (Pro Hac Vice Appl. Pending)
[e-mail]
Marc Greenwald (Bar No. 176072)
[e-mail]
R. Corey Worcester (Pro Hac Vice Appl. Pending)
[e-mail]
Julia Beskin (Pro Hac Vice Appl. To Be Filed)
[e-mail]
51 Madison Avenue, 22nd Floor
New York, New York 10010-1601
Tel.: [phone]
Fax: [phone]

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Patrick Doolittle (Bar No. 203659)
[e-mail]
50 California Street, 22nd Floor
San Francisco, California 94111
Tel.: [phone]
Fax: [phone]

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Attorneys for Defendants

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[Proposed] Order

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Pursuant to the foregoing stipulation between the parties, IT IS SO ORDERED.
Dated:
Ronald M. Whyte
United States District Judge

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-3STIPULATION AND [] ORDER TO STAY ACTION