Graham v. Peltz et al

Filing 56

ORDER granting 54 Defendant's Motion to Stay Deadline to Respond to Consolidated Complaint Pending Decision on Proposed Settlement. Signed by Judge Timothy S. Black on 3/15/19. (rrs)

IN THE UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF OHIO
WESTERN DIVISION

IN RE THE WENDY’S COMPANY
SHAREHOLDER DERIVATIVE ACTION

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C.A. No. 1:16-cv-01153-TSB
Judge Timothy S. Black

ORDER GRANTING DEFENDANTS’ MOTION TO STAY DEADLINE TO RESPOND
TO CONSOLIDATED COMPLAINT PENDING DECISION ON PROPOSED
SETTLEMENT
This matter having come before the Court on Defendants Nelson Peltz, Peter W. May, Emil
J. Brolick, Clive Chajet, Edward P. Garden, Janet Hill, Joseph A. Levato, J. Randolph Lewis, Peter
H. Rothschild, David E. Schwab II, Roland C. Smith, Raymond S. Troubh, Jack G. Wasserman,
Michelle J. Mathews-Spradlin, Dennis M. Kass, Matthew Peltz, Tod A. Penegor, Robert D.
Wright, and nominal Defendant The Wendy’s Company Motion to Stay Deadline to Respond to
Consolidated Complaint Pending Decision on Proposed Settlement (the “Motion”), and for good
cause shown, the Court GRANTS the Motion (Doc. 54).
The Court hereby ORDERS:
(1) Defendants’ deadline to answer, plead, or otherwise respond to the Consolidated
Complaint (Doc. 50) is stayed pending the Court’s decision regarding the proposed settlement;
and
(2) in the event that the Motion for Preliminary Approval (Doc. 51) or final approval of the
proposed settlement is denied, Defendants’ answer, pleading, or other response to the Consolidated
Complaint shall be due 30 days thereafter.

IT IS SO ORDERED.
Date: 3/15/2019

s/ Timothy S. Black
Timothy S. Black
United States District Judge