Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_18-cv-03509/USCOURTS-cand-3_18-cv-03509-1/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 28:1331 Fed. Question: Securities Violation

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STIPULATION TO AMEND AND LEAD PLAINTIFF’S NOTICE OF WITHDRAWAL 

CIVIL ACTION NO. 3:18-CV-03509-RS 

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LABATON SUCHAROW LLP 

THOMAS A. DUBBS (pro hac vice) 

LOUIS GOTTLIEB (pro hac vice) 

CAROL C. VILLEGAS (pro hac vice) 

JEFFREY A. DUBBIN (#287199) 

JAMES L. OSTASZEWSKI (pro hac vice) 

140 Broadway 

New York, New York 10005 

Telephone: (212) 907-0700 

Facsimile: (212) 818-0477 

Email: tdubbs@labaton.com 

lgottlieb@labaton.com 

cvillegas@labaton.com 

jdubbin@labaton.com 

jostaszewski@labaton.com 

Counsel for Lead Plaintiff the Public Employees Retirement 

Association of New Mexico and Lead Counsel for the Class 

[Additional Counsel appear on signature page] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

IN RE PG&E CORPORATION 

SECURITIES LITIGATION 

Civil Action No. 3:18-cv-03509-RS 

STIPULATION TO AMEND AND LEAD 

PLAINTIFF’S NOTICE OF WITHDRAWAL 

OF MOTION 

Case 3:18-cv-03509-RS Document 89 Filed 11/26/18 Page 1 of 5
STIPULATION TO AMEND AND LEAD PLAINTIFF’S NOTICE OF WITHDRAWAL 

CIVIL ACTION NO. 3:18-CV-03509-RS 

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WHEREAS, on November 9, 2018, Lead Plaintiff the Public Employees Retirement 

Association of New Mexico (“Lead Plaintiff”) in this Consolidated Action (as defined in the 

Consolidation Order) filed its Consolidated Class Action Complaint (ECF No. 83, the “CCAC”) 

pursuant to the schedule ordered by the Court (ECF No. 15); 

WHEREAS, certain events occurred immediately prior to and/or after Lead Plaintiff filed 

the CCAC, including but not limited to a wildfire known as the “Camp Fire”; 

WHEREAS, it is Lead Plaintiff’s position that certain factual developments, including 

facts related to the Camp Fire, give rise to claims similar in nature to those alleged in the CCAC; 

WHEREAS, on November 19, 2018, counsel for Lead Plaintiff contacted counsel for 

Defendants PG&E Corporation and Pacific Gas and Electric Company (together, “PG&E”), and 

informed counsel for PG&E that: (1) Lead Plaintiff desired to amend the CCAC; (2) if 

Defendants in the Consolidated Action declined to stipulate to Lead Plaintiff’s filing of the 

proposed Second Amended Consolidated Class Action Complaint (the “SAC”), then Lead 

Plaintiff intended to file a motion seeking leave to amend the CCAC; and (3) if Lead Plaintiff’s 

motion for leave to amend were denied, then Lead Plaintiff intended to file a new lawsuit that 

would include the new allegations not currently alleged in the CCAC; 

WHEREAS, on October 29, 2018, Lead Plaintiff filed a Notice of Motion and Motion to 

Partially Lift the PSLRA Discovery Stay (ECF No. 79); 

WHEREAS, on November 13, 2018, PG&E and Individual Defendants Anthony F. 

Earley, Jr., Geisha J. Williams, Nickolas Stavropoulos, Julie M. Kane, Christopher P. Johns, and 

Patrick M. Hogan (collectively, “Defendants”) filed their Oppositions to Plaintiff’s Motion to 

Partially Lift the PSLRA Discovery Stay (ECF Nos. 84 & 85); 

WHEREAS, Lead Plaintiff’s Reply in Support of its Motion to Partially Lift the PSLRA 

Discovery Stay is due on November 20, 2018; and 

Case 3:18-cv-03509-RS Document 89 Filed 11/26/18 Page 2 of 5
STIPULATION TO AMEND AND LEAD PLAINTIFF’S NOTICE OF WITHDRAWAL 

CIVIL ACTION NO. 3:18-CV-03509-RS 

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WHEREAS, Lead Plaintiff and Defendants agree that in the interests of efficiency and 

judicial economy, Lead Plaintiff may set out any new allegations in, and file, the SAC.1 

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, pursuant to 

Federal Rule of Civil Procedure 15(a)(2) and Civil Local Rule 7-7(e), that: 

1) Lead Plaintiff hereby withdraws its Motion to Partially Lift the PSLRA 

Discovery Stay (ECF No. 79), and agrees that it will not file a similar 

motion in the future; 

2) Defendants agree, with reservation of all rights, that Lead Plaintiff may 

file a Second Amended Consolidated Class Action Complaint (the 

“SAC”); 

3) Lead Plaintiff will file its SAC on or before Friday, December 14, 2018; 

4) Defendants shall have until February 15, 2019 to move, answer, or 

otherwise respond to the SAC, reserving all rights as to all defenses; and 

5) In the event that Defendants file any motions directed at Lead Plaintiff’s 

SAC, Lead Plaintiff shall have 60 days from the date of the filing of 

Defendants’ motion to file an opposition, and Defendants shall have 45 

days from the date of the filing of Plaintiff’s opposition to file a reply. 

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 Defendants have not seen the proposed SAC. Accordingly, while Defendants agree that 

Plaintiff may file its SAC, Defendants reserve all other rights, including as to any argument by 

Lead Plaintiff that new allegations in the SAC arise out of and/or relate to the allegations in the 

CCAC. 

Case 3:18-cv-03509-RS Document 89 Filed 11/26/18 Page 3 of 5
STIPULATION TO AMEND AND LEAD PLAINTIFF’S NOTICE OF WITHDRAWAL 

CIVIL ACTION NO. 3:18-CV-03509-RS 

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DATED: November 21, 2018 /s/ Thomas A. Dubbs

Thomas A. Dubbs (pro hac vice) 

Louis Gottlieb (pro hac vice) 

Jeffrey A. Dubbin (#287199) 

Carol C. Villegas (pro hac vice) 

James L. Ostaszewski (pro hac vice) 

LABATON SUCHAROW LLP 

140 Broadway 

New York, NY 10005 

Telephone: (212) 907-0700 

Facsimile: (212) 818-0477 

tdubbs@labaton.com 

lgottlieb@labaton.com 

cvillegas@labaton.com 

jdubbin@labaton.com 

jostaszewski@labaton.com 

Counsel for Lead Plaintiff the Public 

Employees Retirement Association of New 

Mexico 

KERR & WAGSTAFFE LLP 

JAMES M. WAGSTAFFE (#95535) 

FRANK BUSCH (#258288) 

101 Mission Street, 18th Floor 

San Francisco, California 94105 

Telephone: (415) 371-8500 

Facsimile: (415) 371-0500 

Email: wagstaffe@kerrwagstaffe.com 

busch@kerrwagstaffe.com 

Liaison Counsel for the Class 

/s/ Robert W. Perrin

ROBERT W. PERRIN (#194485) 

MICHAEL J. REISS (#275021) 

LATHAM & WATKINS LLP 

355 South Grand Avenue, Suite 

100 Los Angeles, CA 90071 

Telephone: (213) 485-1234 

Facsimile: (213) 891-8763 

robert.perrin@lw.com 

michael.reiss@lw.com 

LATHAM & WATKINS LLP

JAMES E. BRANDT (pro hac vice) 

885 Third Avenue New York, NY 10022 

Telephone: (212) 906-1200 

Facsimile: (212) 751-4864 

james.brandt@lw.com 

Attorneys for the Company 

Case 3:18-cv-03509-RS Document 89 Filed 11/26/18 Page 4 of 5
STIPULATION TO AMEND AND LEAD PLAINTIFF’S NOTICE OF WITHDRAWAL 

CIVIL ACTION NO. 3:18-CV-03509-RS 

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/s/ Charles E. Weir

CHARLES E. WEIR (#211091) 

GREGORY R. JONES (#229858) 

JASON D. STRABO (#246426) 

McDERMOTT WILL & EMERY LLP 

2049 Century Park East, Suite 3800 

Los Angeles, CA 90067-3218 

Telephone: (310) 277-4110 

Facsimile: (310) 277-4730 

PG&E@mwe.com 

McDERMOTT WILL & EMERY LLP 

STEVEN S. SCHOLES (pro hac vice) 

444 West Lake Street 

Chicago, IL 60606-0029 

Telephone: (312) 372-2000 

Facsimile: (310) 984-7700 

PG&E@mwe.com 

Attorneys for the Individual Defendants

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Richard Seeborg

Dated: 11/26/18

Case 3:18-cv-03509-RS Document 89 Filed 11/26/18 Page 5 of 5