Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-05541/USCOURTS-cand-3_16-cv-05541-4/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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1337689.1 1

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

Richard H. Klapper (pro hac vice)

(klapperr@sullcrom.com)

SULLIVAN & CROMWELL LLP

125 Broad Street

New York, New York 10004-2498

Telephone: (212) 558-3555

Facsimile: (212) 291-9083

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

Christopher M. Viapiano (pro hac vice)

(viapianoc@sullcrom.com)

SULLIVAN & CROMWELL LLP

1700 New York Avenue, N.W., Suite 700

Washington, D.C. 20006

Telephone: (202) 956-6985

Facsimile: (202) 956-7056

Counsel for Nominal Defendant 

Wells Fargo & Company

[Additional Counsel on Signature Page]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IN RE WELLS FARGO & COMPANY

SHAREHOLDER DERIVATIVE

LITIGATION

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

STIPULATION AND [PROPOSED] 

ORDER SETTING BRIEFING 

SCHEDULE _

The Honorable Jon S. Tigar

WHEREAS, Lead Plaintiffs and Defendants previously stipulated to a schedule 

concerning briefing on the threshold issue of demand futility, while preserving the Defendants’ 

right to assert other defenses if necessary (including by motion or otherwise), and the Court 

Case 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 1 of 7
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1337689.1 2

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

entered the stipulated schedule, with modification, on February 8, 2017 (Doc. No. 81);

WHEREAS, pursuant to the stipulated schedule, Lead Plaintiffs filed their Consolidated 

Amended Complaint on February 24, 2017 (Doc. No. 83);

WHEREAS, the parties have conferred and agreed upon a modified schedule that provides 

four days fewer for Defendants to file their expected motion to dismiss on demand futility, 

provides Lead Plaintiffs the same period of time to oppose any such motion, and provides 

Defendants four additional days to file a reply in support of any such motion, with the final 

submission on the same date as that ordered by the Court, as follows:

New Proposed Deadline Existing Deadline

Motion to Dismiss Friday, March 17 Tuesday, March 21

Opposition Monday, April 3 Friday, April 7

Reply (no change) Friday, April 14 Friday, April 14

Hearing (no change) Thursday, May 4 Thursday, May 4

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

Plaintiffs and Defendants, each through their counsel, that the following schedule shall be in 

effect for briefing on the question of whether Lead Plaintiffs’ Amended Consolidated Complaint 

adequately pleads demand futility:

Last Day to File Motion to Dismiss on Demand Futility: March 17, 2017

Last Day to File Response to Motion to Dismiss: April 3, 2017

Last Day to File Reply to Responses: April 14, 2017

Hearing on Motion to Dismiss: May 4, 2017, 2 pm 

Dated: February 28, 2017 LIEFF CABRASER HEIMANN & BERNSTEIN, LLP

By: /s/ Richard M. Heimann

Richard M. Heimann (063607)

rheimann@lchb.com

Katherine C. Lubin (259826)

kbenson@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 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 2 of 7
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1337689.1 3

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

Steven E. Fineman (CA Bar No. 140335)

sfineman@lchb.com

Joy A. Kruse (CA Bar No. 142799)

jakruse@lchb.com

Daniel P. Chiplock (Pro hac vice application to be filed)

dchiplock@lchb.com

Nicholas Diamand (Pro hac vice)

ndiamand@lchb.com

Michael J. Miarmi (Pro hac vice application to be filed)

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 (admitted pro hac vice)

msaxena@saxenawhite.com

Joseph E. White, III (admitted pro hac vice)

jwhite@saxenawhite.com

Lester R. Hooker (241590)

lhooker@saxenawhite.com

Jorge A. Amador (237800)

jamador@saxenawhite.com

Adam D. Warden (Pro hac vice application to be filed)

awarden@saxenawhite.com

Dianne M. Anderson (CA Bar No. 103670)

danderson@saxenawhite.com

SAXENA WHITE P.A.

5200 Town Center Circle, Suite 601

Boca Raton, FL 33486

Telephone: (561) 394-3399

Facsimile: (561) 394-3382

Attorneys for Plaintiff The City of Birmingham 

Retirement and Relief System and Co-Lead Counsel

SULLIVAN & CROMWELL LLP

By: /s/ Brendan P. Cullen

Richard H. Klapper (pro hac vice)

(klapperr@sullcrom.com)

SULLIVAN & CROMWELL LLP

125 Broad Street

New York, New York 10004-2498

Telephone: (212) 558-3555

Facsimile: (212) 291-9083

Case 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 3 of 7
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1337689.1 4

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

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)

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

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

Case 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 4 of 7
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1337689.1 5

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

RAMSEY & EHRLICH LLP

By: /s/ Ismail Ramsey

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

WILLIAMS & CONNOLLY LLP

By: /s/ Enu A. Mainigi

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

SHEARMAN & STERLING LLP

By: /s/ Jaculin Aaron

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

Case 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 5 of 7
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1337689.1 6

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

ATTESTATION PURSUANT TO GENERAL ORDER 45

I, Brendan P. Cullen, 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: February 28, 2017 /s/ Brendan P. Cullen

Case 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 6 of 7
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1337689.1 7

STIPULATION AND PROPOSED ORDER 

SETTING BRIEFING SCHEDULE

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

ORDER

THE FOREGOING STIPULATION IS APPROVED AND IT IS SO ORDERED.

Dated:

THE HONORABLE JON S. TIGAR

UNITED STATES DISTRICT JUDGE

March 1, 2017

Case 3:16-cv-05541-JST Document 85 Filed 03/01/17 Page 7 of 7