Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-03938/USCOURTS-cand-3_16-cv-03938-2/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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STIPULATION AND [PROPOSED] ORDER Case No. 16-cv-3938-RS

ARNOLD & PORTER LLP

GILBERT R. SEROTA (75305)

gilbert.serota@aporter.com

ERICA M. CONNOLLY ( 288822)

erica.connolly@aporter.com

Three Embarcadero Center, 7th Floor

San Francisco, California 94111-4024

Telephone: (415) 471-3100

Facsimile: (415) 471-3400

LOWELL HAKY (178526)

Vice President and Associate General Counsel

MAI KLAASSEN ( 209546)

Vice President and Associate General Counsel

CHARLES SCHWAB & CO., INC.

211 Main Street

San Francisco, CA 94105

Telephone: (415) 471-3100

Facsimile: (415) 471-3400

Attorneys for Defendants THE CHARLES SCHWAB

CORPORATION and

CHARLES SCHWAB & CO., INC.

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

ROBERT CRAGO, Individually And On Behalf

Of All Others Similarly Situated,

Plaintiff,

v.

THE CHARLES SCHWAB CORPORATION,

CHARLES SCHWAB & CO., INC., CHARLES

R. SCHWAB, and WALTER W. BETTINGER

II,

Defendants.

Case No. 3:16-cv-3938-RS

STIPULATION AND [PROPOSED]

ORDER TO SET DEADLINE FOR

FILING NEW COMPLAINT AND

SETTING BRIEFING SCHEDULE FOR

MOTION TO DISMISS

Case 3:16-cv-03938-RS Document 41 Filed 11/18/16 Page 1 of 4
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-1-

STIPULATION AND [PROPOSED] ORDER Case No. 16-cv-3938-RS

WHEREAS, pursuant to the PSLRA (see 15 U.S.C. §78u-4(a)(3)(i)(II)) and Civ. L.R. 23-

1(b), on November 2, 2016, the Court appointed Robert Wolfson and Frank Pino (“Plaintiffs”) as

lead plaintiffs of the putative class and Glancy Prongay & Murray LLP and Bragar Eagel & Squire,

P.C., as lead counsel for the putative class;

WHEREAS, Defendants The Charles Schwab Corp. and Charles Schwab & Co., Inc.

(collectively “Schwab”) have met and conferred with Plaintiffs’ counsel about filing a new

complaint and a briefing schedule for Schwab’s motion to dismiss;

WHEREAS, the parties have agreed to the following schedule for the filing of the new

complaint and for the briefing of Schwab’s motion to dismiss:

January 13, 2017: Filing New Complaint

March 3, 2017: Schwab’s Motion To Dismiss

April 14, 2017: Plaintiffs’ Opposition to Schwab’s Motion

May 12, 2017: Schwab’s Reply

WHEREAS, the Court continued the October 13, 2016 initial case management conference

until January 5, 2017, with a case management statement due December 29, 2017 (see Dkt. No. 24);

WHEREAS, pursuant to the PSLRA, 15 U.S.C. § 78i-4(b)(3)(B), discovery generally shall

be stayed during the pendency of a defendant’s anticipated motion to dismiss;

WHEREAS, the parties further agree that in light of the foregoing circumstances and in the

interest of judicial efficiency, administration and justice, as well as conservation of judicial and

private resources, the Initial Case Management Conference should be continued until after the Court

has decided Schwab’s motion to dismiss and there is an operative complaint on file;

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, SUBJECT TO

APPROVAL BY THIS COURT, by these parties through their respective counsel of record, as

follows:

1. Plaintiffs’ deadline to file a new complaint will be January 13, 2017;

2. Schwab’s deadline to file its motion to dismiss will be March 3, 2017;

3. Plaintiffs’ deadline to file its opposition to Schwab’s motion will be April 14, 2017;

4. Schwab’s deadline to file its reply to its motion will be May 12, 2017;

Case 3:16-cv-03938-RS Document 41 Filed 11/18/16 Page 2 of 4
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STIPULATION AND [PROPOSED] ORDER Case No. 16-cv-3938-RS

5. The initial case management conference and all accompanying deadlines will be

continued until after the Court decides Schwab’s motion to dismiss and there is an operative

complaint on file;

6. The parties do not seek to reset these dates for the purpose of delay. The proposed

new dates will not have an effect on any pre-trial and trial dates as the Court has yet to schedule

these dates.

SO STIPULATED.

Dated: November 15, 2016 ARNOLD & PORTER LLP

By: /s/ Gilbert R. Serota

GILBERT R. SEROTA

Attorneys for Defendant

CHARLES SCHWAB & COMPANY, INC.

Dated: November 15, 2016 BRAGAR EAGEL & SQUIRE P.C.

By: /s/ Brandon Walker

BRANDON WALKER

Attorneys for Plaintiffs

ROBERT WOLFSON AND FRANK PINO

Dated: November 15, 2016 GLANCY PRONGAY & MURRAY LLP

By: /s/ Joshua L. Crowell

JOSHUA L. CROWELL

Attorneys for Plaintiffs

ROBERT WOLFSON AND FRANK PINO

Case 3:16-cv-03938-RS Document 41 Filed 11/18/16 Page 3 of 4
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STIPULATION AND [PROPOSED] ORDER Case No. 16-cv-3938-RS

ATTESTATION

I, Gilbert R. Serota, am the ECF User whose identification and password are being used to

file this Stipulation And [Proposed] Order To Set Deadline For Filing New Complaint And Setting

Briefing Schedule For Motion To Dismiss. In compliance with Local Rule 5-1(i)(3), I hereby attest

that counsel for plaintiffs, Brandon Walker and Joshua Crowell, concur in this filing.

DATED: November 15, 2016 /s/ Gilbert R. Serota

GILBERT R. SEROTA

[PROPOSED] ORDER

Based on the parties’ stipulation and the good cause described therein, the Court GRANTS

this stipulation. The following schedule shall apply:

January 13, 2017: Plaintiffs’ Deadline To File A New Complaint

March 3, 2017: Schwab’s Deadline To File A Motion To Dismiss

April 14, 2017: Plaintiffs’ Deadline To File An Opposition to Schwab’s

Motion

May 12, 2017: Schwab’s Deadline To File Reply

The Court orders that the initial case management conference and all accompanying

deadlines will be continued until after the Court decides Schwab’s motion to dismiss.

IT IS SO ORDERED.

DATED: __________________

Hon. Richard Seeborg

U.S. District Court Judge

11/18/16

Case 3:16-cv-03938-RS Document 41 Filed 11/18/16 Page 4 of 4