Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-01610/USCOURTS-caed-2_09-cv-01610-5/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 28:1332 - Diversity: Securities &amp; Exchange Commission Act

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KEVIN P. MUCK (CSB No. 120918) 

CATHERINE KEVANE (CSB No. 215501) 

FENWICK & WEST LLP 

555 California Street, 12th Floor 

San Francisco, California 94104 

Telephone: (415) 875-2300 

Facsimile: (415) 281-1350 

E-mail: kmuck@fenwick.com

 ckevane@fenwick.com 

Attorneys for Defendant 

Orrick, Herrington & Sutcliffe LLP 

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SACRAMENTO DIVISION 

WILLIAM GEORGE, on behalf of himself and 

all other persons similarly situated, 

 Plaintiff, 

vs. 

CALIFORNIA INFRASTRUCTURE AND 

ECONOMIC DEVELOPMENT BANK, a public 

instrumentality of the State of California and 

ORRICK, HERRINGTON & SUTCLIFFE, LLP, 

an entity, 

 Defendants. 

Case No.: 2:09-CV-01610-GEB-DAD 

STIPULATION AND ORDER REGARDING

FILING OF FIRST AMENDED 

CONSOLIDATED COMPLAINT AND 

RESPONSE THERETO 

WHEREAS: 

1. This case, an alleged class action asserting claims under Section 10(b) of the 

Securities Exchange Act of 1934 filed on June 10, 2009 [Docket No. 1], is subject to the 

requirements of the Private Securities Litigation Reform Act of 1995 (“PSLRA”); 

2. On August 4, 2009, the Court signed a stipulation and order [Docket No. 26] pursuant 

to which: (a) within forty-five (45) days from the date that the Court appointed a lead plaintiff 

STIPULATION AND [PROPOSED] ORDER RE: 

FIRST AMENDED CONSOLIDATED 

COMPLAINT AND RESPONSE THERETO 

1 CASE NO. 2:09-CV-01610-GEB-DAD 

Case 2:09-cv-01610-GEB-KJN Document 54 Filed 01/06/10 Page 1 of 4
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plaintiff in this action pursuant to 15 U.S.C. § 78u-4(3)(B), such lead plaintiff was permitted to file a 

further amended complaint; and (b) within forty-five (45) days from the filing of such further 

amended complaint, defendants were to move, answer or otherwise respond to the Operative 

Complaint; 

3. On September 15, 2009, the Court granted the motion of William George (“Lead 

Plaintiff”) to be appointed lead plaintiff [Docket No. 39], and on October 20, 2009 Lead Plaintiff 

filed a Consolidated Complaint for Violation of Section 10(b) of the Securities Exchange Act of 1934 

and of Rule 10b-5 Promulgated Thereunder (“Consolidated Complaint”) against Defendants 

California Infrastructure and Economic Development Bank (“I-Bank”) and Orrick, Herrington & 

Sutcliffe, LLP (“Orrick”) (collectively “Defendants”) [Docket No. 40]; 

4. On December 4, 2009, Defendants jointly filed a motion to dismiss the Consolidated 

Complaint [Docket No. 47], and pursuant to agreement of the parties that motion was set for hearing 

on February 8, 2010; 

5. Rather than oppose Defendants’ motion to dismiss, Lead Plaintiff has prepared and 

submitted to the Court on December 28, 2009 a First Amended Consolidated Complaint for Violation 

of Section 10(b) of the Securities Exchange Act of 1934 and of Rule 10b-5(a), (b) and (c) 

Promulgated Thereunder (“First Amended Consolidated Complaint”) [Docket No. 52]; and 

6. Defendants do not oppose the filing of the First Amended Consolidated Complaint, 

provided that they have sufficient time to move to dismiss or otherwise respond to that new pleading, 

and the parties have agreed to confer on a mutually convenient briefing and hearing schedule for 

Defendants’ anticipated motion to dismiss the First Amended Consolidated Complaint. 

THEREFORE, IT IS HEREBY STIPULATED, by and among the undersigned counsel for 

the parties, that: 

1. Lead Plaintiff should be permitted to file his First Amended Consolidated Complaint, 

which shall supersede all prior pleadings in this action; 

2. Defendants’ motion to dismiss the Consolidated Complaint, previously set for hearing 

on February 8, 2010, shall be taken off calendar; and 

STIPULATION AND [PROPOSED] ORDER RE: 

FIRST AMENDED CONSOLIDATED 

COMPLAINT AND RESPONSE THERETO

-2- CASE NO. 2:09-CV-01610-GEB-DAD 

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3. Defendants will move or otherwise respond to the First Amended Consolidated 

Complaint on or before February 5, 2010. 

DATED: January 5, 2010 MCGRANE GREENFIELD LLP 

By: /s/ Christopher D. Sullivan 

Christopher D. Sullivan 

Attorneys for Plaintiff 

DATED: January 5, 2010 FENWICK & WEST LLP 

By: /s/ Kevin P. Muck 

Kevin P. Muck 

Attorneys for Defendant 

ORRICK, HERRINGTON & SUTCLIFFE, LLP 

DATED: January 5, 2010 ATTORNEY GENERAL OF CALIFORNIA 

By: /s/ Jeffrey A. Rich 

Jeffrey A. Rich 

Deputy Attorney General 

Attorneys for Defendant 

CALIFORNIA INFRASTRUCTURE AND 

ECONOMIC DEVELOPMENT BANK 

I certify that a true copy of the foregoing was served electronically via the CM/ECF system 

on all counsel of record on this 5 day of January, 2010. 

/s/ Kevin P. Muck____________ 

STIPULATION AND [PROPOSED] ORDER RE: 

FIRST AMENDED CONSOLIDATED 

COMPLAINT AND RESPONSE THERETO

-3- CASE NO. 2:09-CV-01610-GEB-DAD 

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ORDER

 PURSUANT TO STIPULATION, IT IS ORDERED AS FOLLOWS: 

1. Lead Plaintiff’s First Amended Consolidated Complaint, submitted to the Court on 

December 28, 2009 [Docket No. 52], is hereby deemed filed and shall supersede all prior pleadings in 

this action; 

2. Defendants’ motion to dismiss the Consolidated Complaint, filed on December 4, 

2009 and previously set for hearing on February 8, 2010, shall be taken off calendar; and 

3. Defendants will move or otherwise respond to the First Amended Consolidated 

Complaint on or before February 5, 2010. 

IT IS SO ORDERED. 

Dated: January 5, 2010 

 

STIPULATION AND [PROPOSED] ORDER RE: 

FIRST AMENDED CONSOLIDATED 

COMPLAINT AND RESPONSE THERETO

-4- CASE NO. 2:09-CV-01610-GEB-DAD 

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