Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_16-cv-05541/USCOURTS-cand-4_16-cv-05541-14/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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1593692.5 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

Richard M. Heimann (063607)

rheimann@lchb.com 

Katherine C. Lubin (259826) 

kbenson@lchb.com 

Michael K. Sheen (288284) 

msheen@lchb.com 

LIEFF CABRASER HEIMANN & BERNSTEIN, LLP 

275 Battery Street, 29th Floor 

San Francisco, CA 94111-3339 

Telephone: (415) 956-1000 

Facsimile: (415) 956-1008 

Attorneys for Plaintiff Fire & Police Pension 

Association of Colorado and Co-Lead Counsel

Maya Saxena (Pro hac vice) 

msaxena@saxenawhite.com 

Joseph E. White, III (Pro hac vice) 

jwhite@saxenawhite.com 

Lester R. Hooker (241590) 

lhooker@saxenawhite.com 

SAXENA WHITE P.A. 

150 East Palmetto Park Road, Suite 600 

Boca Raton, FL 33432 

Telephone: (561) 394-3399 

Facsimile: (561) 394-3382 

[Additional Counsel on Signature Page] 

Attorneys for Plaintiff The City of Birmingham 

Retirement and Relief System and Co-Lead Counsel

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

IN RE WELLS FARGO & COMPANY 

SHAREHOLDER DERIVATIVE 

LITIGATION 

This Document Relates to: 

ALL ACTIONS. 

Lead Case No. 3:16-cv-05541-JST

R.A. FEUER, 

Plaintiff 

 v. 

WELLS FARGO & COMPANY et al., 

 Defendants. 

Case No. 3:18-cv-02866-JST

STIPULATION AND [PROPOSED] 

ORDER REGARDING THE FEUER

COMPLAINT 

The Honorable Jon S. Tigar 

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 1 of 11
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1593692.5 1 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

WHEREAS, in September 2016, several shareholder derivative actions were filed in the 

United States District Court for the Northern District of California, seeking relief under federal 

and state law for the alleged misconduct by current and former Wells Fargo & Company (“Wells 

Fargo” or the “Company”) officers and directors arising from the opening of customer accounts 

without customer knowledge or authorization (the “Unauthorized Sales Practices”); 

WHEREAS, the Court consolidated those related actions, and on January 12, 2017, the 

Court appointed the Fire and Police Pension Association of Colorado and the City of Birmingham 

Retirement and Relief System as Lead Plaintiffs in In re Wells Fargo & Co. Shareholder 

Derivative Litigation, No. 3:16-cv-05541-JST (the “Lead Action”) (Lead Action, ECF No. 70); 

WHEREAS, in the Lead Action, the Court granted in part and denied in part Defendants’ 

motion to dismiss Lead Plaintiffs’ Consolidated Amended Verified Stockholder Derivative 

Complaint (the “Consolidated Complaint”) for failure to plead demand futility (Lead Action, ECF 

No. 129) on May 4, 2017; the Court granted in part and denied in part Defendants’ motion to 

dismiss the Consolidated Complaint for failure to state a claim (Lead Action, ECF No. 174) on 

October 4, 2017; Defendants filed answers to the Consolidated Complaint on January 8, 2018 

(Lead Action, ECF Nos. 187–92); and the Court entered a Scheduling Order providing for a trial 

to commence December 2, 2019 (Lead Action, ECF No. 199); 

WHEREAS, on May 16, 2018, Plaintiff R.A. Feuer filed a Verified Derivative Complaint 

in Feuer v. Wells Fargo & Co., No. 3:18-cv-02866-JST (the “Feuer Action”) (Feuer Action, ECF 

No. 1); 

WHEREAS, on June 13, 2018, the Court related the Feuer Action with the Lead Action 

(Lead Action, ECF No. 230); 

WHEREAS, on June 20, 2018, Plaintiff Feuer filed an Amended Complaint (Feuer 

Action, ECF No. 19) (the “Feuer Complaint”); 

WHEREAS, the Feuer Complaint alleges certain background information referencing the 

Unauthorized Sales Practices at issue in the Lead Action (see, e.g., Feuer Compl. ¶¶ 3–4, 80–106, 

148–59, 175–262); 

WHEREAS, the allegations in the Feuer Complaint referencing the Unauthorized Sales 

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 2 of 11
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1593692.5 2 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

Practices—including Plaintiff Feuer’s initial demand on the Company’s Board of Directors, dated 

December 12, 2016 (Feuer Compl. ¶ 176, Ex. A)—are intended to provide background 

information only, and Plaintiff Feuer does not base his claims for relief on allegations related to 

the Unauthorized Sales Practices; 

NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between the 

undersigned parties, by and through their counsel, as follows: 

1. The Feuer Complaint does not, and shall not be construed to, assert claims for 

breach of fiduciary duty, breach of duty of loyalty, and breach of the duty of candor to the extent 

such claims involve the Unauthorized Sales Practices or have been asserted in the Lead Action, 

and Plaintiff Feuer will not seek and expressly waives his right to assert claims for any relief 

involving the Unauthorized Sales Practices, including damages, in connection with the Feuer

Action. 

Dated: September 6, 2018 LIEFF CABRASER HEIMANN & BERNSTEIN, LLP 

By: /s/ Richard M. Heimann 

Richard M. Heimann (063607) 

rheimann@lchb.com 

Katherine C. Lubin (259826) 

kbenson@lchb.com 

Michael K. Sheen (288284) 

msheen@lchb.com 

LIEFF CABRASER HEIMANN & BERNSTEIN, LLP 

275 Battery Street, 29th Floor 

San Francisco, CA 94111-3339 

Telephone: (415) 956-1000 

Facsimile: (415) 956-1008 

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 3 of 11
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1593692.5 3 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

 Steven E. Fineman (CA Bar No. 140335) 

sfineman@lchb.com 

Daniel P. Chiplock (Pro hac vice) 

dchiplock@lchb.com 

Nicholas Diamand (Pro hac vice) 

ndiamand@lchb.com 

Michael J. Miarmi (Pro hac vice) 

mmiarmi@lchb.com 

LIEFF CABRASER HEIMANN & BERNSTEIN, LLP 

250 Hudson Street, 8th Floor 

New York, NY 10013-1413 

Telephone: (212) 355-9500 

Facsimile: (212) 355-9592 

Attorneys for Plaintiff Fire & Police Pension Association 

of Colorado and Co-Lead Counsel

 Maya Saxena (Pro hac vice)

msaxena@saxenawhite.com 

Joseph E. White, III (Pro hac vice) 

jwhite@saxenawhite.com 

Lester R. Hooker (241590) 

lhooker@saxenawhite.com 

Adam D. Warden (Pro hac vice) 

awarden@saxenawhite.com 

Dianne M. Anderson (286199) 

danderson@saxenawhite.com 

SAXENA WHITE P.A. 

150 East Palmetto Park Road, Suite 600 

Boca Raton, FL 33432 

Telephone: (561) 394-3399 

Facsimile: (561) 394-3382 

Steven B. Singer (Pro hac vice)

ssinger@saxenawhite.com 

Kyla Grant (Pro hac vice) 

kgrant@saxenawhite.com 

SAXENA WHITE P.A. 

10 Bank Street, 8th Floor 

White Plains, NY 10606 

Telephone: (914) 437-8551 

Facsimile: (888) 631-3611 

Attorneys for Plaintiff The City of Birmingham 

Retirement and Relief System and Co-Lead Counsel 

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 4 of 11
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1593692.5 4 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

GREENFIELD & GOODMAN, LLC 

By: /s/ Richard D. Greenfield 

Richard D. Greenfield 

whitehatrdg@earthlink.net 

Marguerite R. Goodman 

Ann M. Caldwell 

Ilene F. Brookler 

GREENFIELD & GOODMAN LLC 

250 Hudson Street, 8th Floor 

New York, NY 10013 

Telephone: (917) 495-4446 

Betsy Carol Manifold (182450) 

manifold@whafh.com 

Rachele R. Rickert (190634) 

rickert@whafh.com 

Marisa C. Livesay (223247) 

livesay@whafh.com 

Brittany Nicole DeJong (258766) 

dejong@whafh.com 

WOLF HALDENSTEIN ADLER FREEMAN & HERZ 

LLP 

750 B Street, Suite 2770 

San Diego, CA 92101 

Telephone: (619) 239-4599 

Facsimile: (619) 234-4599 

Fred Taylor Isquith 

isquith@whafh.com 

WOLF HALDENSTEIN ADLER FREEMAN & HERZ 

LLP 

270 Madison Avenue 

New York, NY 10016 

Telephone: (212) 545-4600 

Facsimile: (212) 545-4653 

Attorneys for Plaintiff R.A Feuer

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 5 of 11
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1593692.5 5 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

SULLIVAN & CROMWELL LLP 

By: /s/ Brendan P. Cullen 

Brendan P. Cullen (SBN 194057) 

(cullenb@sullcrom.com) 

Sverker K. Hogberg (SBN 244640) 

(hogbergs@sullcrom.com) 

Ryan J. McCauley (SBN 264913) 

(mccauleyr@sullcrom.com) 

SULLIVAN & CROMWELL LLP 

1870 Embarcadero Road 

Palo Alto, California 94303 

Telephone: (650) 461-5600 

Facsimile: (650) 461-5700 

Attorneys for Nominal Defendant Wells Fargo & Co.

GOODWIN PROCTER LLP 

By: /s/ Grant P. Fondo 

Richard M. Strassberg (pro hac vice forthcoming) 

rstrassberg@goodwinlaw.com 

Daniel P. Roeser (pro hac vice forthcoming) 

droeser@goodwinlaw.com 

GOODWIN PROCTER LLP 

620 8th Avenue 

New York, NY 10018 

Telephone: (212) 813-8800 

Facsimile: (212) 355-3333 

Grant P. Fondo 

gfondo@goodwinlaw.com 

GOODWIN PROCTER LLP 

135 Commonwealth Drive 

Menlo Park, CA 94025 

Telephone: (650) 752-3100 

Facsimile: (650) 853-1038 

Attorneys for Defendant John G. Stumpf

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 6 of 11
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1593692.5 6 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

CLARENCE DYER & COHEN LLP 

By: /s/ Josh A. Cohen 

Nanci L. Clarence 

nclarence@clarencedyer.com 

Josh A. Cohen 

jcohen@clarencedyer.com 

CLARENCE DYER & COHEN LLP 

899 Ellis Street 

San Francisco, CA 94109 

Telephone: (415) 749-1800 

Facsimile: (415) 749-1694 

Attorneys for Defendant Timothy J. Sloan

RAMSEY & EHRLICH LLP 

By: /s/ Miles Ehrlich 

Miles Ehrlich 

miles@ramsey-ehrlich.com 

Ismail Ramsey 

izzy@ramsey-ehrlich.com 

RAMSEY & EHRLICH LLP 

803 Hearst Avenue 

Berkeley, CA 94710 

Telephone: (510) 548-3600 

Facsimile: (510) 291-3060 

Attorneys for Defendant John R. Shrewsberry 

(Consolidated Action only) and Franklin Codel (Feuer

Action only)

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 7 of 11
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1593692.5 7 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

SKAGGS FAUCETTE LLP 

By: /s/ Jeffrey E. Faucette 

Jeffrey E. Faucette 

jeff@skaggsfaucette.com 

SKAGGS FAUCETTE LLP 

One Embarcadero Center 

Suite 500 

San Francisco, CA 94111 

Telephone: (415) 315-1669 

Facsimile: (415) 433-5994 

Enu A. Mainigi (pro hac vice forthcoming) 

emainigi@wc.com 

WILLIAMS & CONNOLLY LLP 

725 Twelfth Street, N.W. 

Washington D.C. 20005 

Telephone: (202) 434-5000 

Facsimile: (202) 434-5029 

Attorneys for Defendant Carrie Tolstedt

FARELLA BRAUN + MARTEL LLP 

By: /s/ C. Brandon Wisoff 

C. Brandon Wisoff 

bwisoff@fbm.com 

FARELLA BRAUN + MARTEL LLP 

235 Montgomery Street 

17th Floor 

San Francisco, CA 94104 

Phone (415) 954-4400 

Fax (415) 954-4480 

Attorneys for Defendant Avid Modjtabai 

COVINGTON & BURLING LLP 

By: /s/ Carolyn Kubota 

Carolyn Kubota 

Monica Ramirez Almadani 

mralmadani@cov.com 

COVINGTON & BURLING LLP 

1999 Avenue of the Stars 

Los Angeles, CA 90067-4643 

Telephone: (424) 332-4800 

Attorneys for Defendant Dawn Martin Harp

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1593692.5 8 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

SHEARMAN & STERLING LLP 

By: /s/ John F. Cove, Jr. 

John F. Cove, Jr. 

john.cove@shearman.com 

Jaculin Aaron 

jaaron@shearman.com 

SHEARMAN & STERLING LLP 

599 Lexington Avenue 

New York, NY 10022 

Telephone: (212) 848-4000 

Facsimile: (212) 848-7179 

Attorneys for Defendants John D. Baker II, Elaine L. 

Chao, John S. Chen, Lloyd H. Dean, Elizabeth A. Duke, 

Susan E. Engel, Enrique Hernandez, Jr., Donald M. 

James, Cynthia H. Milligan, Federico F. Peña, James H. 

Quigley, Stephen W. Sanger, Susan G. Swenson and 

Suzanne M. Vautrinot

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1593692.5 9 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

ATTESTATION

I, Richard M. Heimann, in compliance with General Order 45, Section X(B), 

hereby attest that I obtained the concurrence of all of the above-listed counsel in filing this 

document. 

DATED: September 6, 2018 /s/ Richard M. Heimann 

 Richard M. Heimann 

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 10 of 11
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 10 STIPULATION AND [PROPOSED] ORDER RE 

THE FEUER COMPLAINT 

CASE NO. 3:16-CV-05541-JST 

1593692.5 

ORDER 

THE FOREGOING STIPULATION IS APPROVED AND IT IS SO ORDERED. 

Dated: 

 THE HONORABLE JON S. TIGAR 

UNITED STATES DISTRICT JUDGE 

September 7, 2018

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

 Judge Jon S. Tigar 

Case 4:16-cv-05541-JST Document 252 Filed 09/07/18 Page 11 of 11