Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_09-cv-01376/USCOURTS-cand-5_09-cv-01376-6/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

MARC T.G. DWORSKY (SBN 157413) 

Marc.Dworsky@mto.com 

MUNGER, TOLLES & OLSON LLP 

355 South Grand Avenue, 25th floor 

Los Angeles, CA 90071-1560 

Telephone: (213) 683-9100 

Facsimile: (213) 687-3702 

DAVID H. FRY (SBN 189276) 

David.Fry@mto.com 

JENNY H. HONG (SBN 251751) 

Jenny.Hong@mto.com 

MUNGER, TOLLES & OLSON LLP 

560 Mission Street, 27th floor 

San Francisco, CA 94105-2907 

Telephone: (415) 512-4000 

Facsimile: (415) 512-4077 

Attorneys for Defendants 

WELLS FARGO DEFENDANTS AND THE 

INDIVIDUAL DEFENDANTS 

[Additional counsel listed on signature page] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

IN RE WELLS FARGO MORTGAGEBACKED CERTIFICATES LITIGATION 

Civil Action No. 09-01376 (SI) 

CONSOLIDATED CLASS ACTION ECF 

STIPULATION AND [PROPOSED] 

ORDER REQUESTING A 

CONTINUANCE OF THE HEARING ON 

THE MOTIONS TO DISMISS AND 

CASE MANAGEMENT CONFERENCE; 

DECLARATION OF DAVID H. FRY IN 

SUPPORT THEREOF 

Judge: Hon. Susan Illston 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 1 of 9
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- 2 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

 WHEREAS, on August 31, 2009, the Alameda County Employees’ Retirement 

Association, the Government of Guam Retirement Fund, the New Orleans Employees’ 

Retirement System, and the Louisiana Sheriffs’ Pension and Relief Fund (“Lead Plaintiffs”) filed 

the Consolidated Class Action Complaint For Violations of §§ 11, 12(a)(2) And 15 Of The 

Securities Act Of 1933 (“Complaint”); 

 WHEREAS, on October 30, 2009, Defendants moved to dismiss the Complaint, Lead 

Plaintiffs have opposed such motions, and the motions are fully briefed; 

 WHEREAS, the Court issued a notice on January 26, 2010 continuing the hearing and 

Case Management Conference from January 29, 2010 to February 19, 2010; 

 WHEREAS, Thomas O. Jacob, in-house counsel at Wells Fargo & Co., is counsel of 

record for Defendants Wells Fargo Asset Securities Corporation and Wells Fargo Bank, N.A. (the 

“Wells Fargo Defendants”) and will be out of the country on February 19, 2010; 

 WHEREAS, the next date on which all defense counsel are available is March 19, 2010; 

WHEREAS, the Wells Fargo Defendants requested, and Lead Plaintiffs have agreed, to 

request to continue the hearing and Case Management Conference to March 19, 2010. 

 THEREFORE, IT IS HEREBY STIPULATED, by and between the undersigned counsel 

for the parties herein, that: 

 The parties request that the hearing scheduled for February 19, 2010 be continued to 

March 19, 2010 at 9:00 a.m. and the Case Management Conference scheduled for February 19, 

2010 be continued to March 19, 2010 at 2:30 p.m. 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 2 of 9
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- 3 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

Dated: February 11, 2010 BERNSTEIN LITOWITZ BERGER 

& GROSSMANN LLP 

DAVID R. STICKNEY 

TIMOTHY A. DeLANGE 

MATTHEW P. JUBENVILLE

12481 High Bluff Drive, Suite 300 

San Diego, CA 92130 

Tel: (858) 793-0070 

Fax: (858) 793-0323 

davids@blbglaw.com 

timothyd@blbglaw.com 

matthewj@blbglaw.com 

 /s/ David R. Stickney 

 DAVID R. STICKNEY 

Attorneys for Lead Plaintiffs Alameda 

County Employees’ Retirement Association, 

Government of Guam Retirement Fund, New 

Orleans Employees’ Retirement System and 

Louisiana Sheriffs’ Pension and Relief Fund 

Dated: February 11, 2010 MUNGER, TOLLES & OLSON LLP 

MARC T.G. DWORSKY 

Marc.Dworsky@mto.com 

355 South Grand Avenue 

35th Floor 

Los Angeles, CA 90071-1560 

Tel: (213) 683-9100 

Fax: (213) 687-3702 

DAVID H. FRY 

David.Fry@mto.com 

JENNY H. HONG 

Jenny.Hong@mto.com 

560 Mission Street 

27th Floor 

San Francisco, CA 94105-2907 

Tel: (415) 512-4000 

Fax: (415) 512-4077 

 /s/ David H. Fry 

 DAVID H. FRY 

Attorneys for the Wells Fargo Defendants and the 

Individual Defendants 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 3 of 9
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- 4 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

 WELLS FARGO & CO. 

THOMAS O. JACOB 

Office of General Counsel 

MAC A0194-266 

45 Fremont Street, 26th floor 

San Francisco, CA 94105 

Tel: (415) 396-4425 

Fax: (415) 975-7864 

tojacob@wellsfargo.com 

Attorney for the Wells Fargo Defendants

Dated: February 11, 2010 PILLSBURY WINTHROP SHAW PITTMAN LLP 

BRUCE A. ERICSON 

bruce.ericson@pillsburylaw.com 

ANDREW J. LANPHERE 

andrew.lanphere@pillsburylaw.com 

50 Fremont Street 

Post Office Box 2880 

San Francisco, CA 94120-7880

Tel: (415) 983-1560 

Fax: (415) 983-1200 

 /s/ Bruce A. Ericson 

 BRUCE A. ERICSON 

Attorneys for the Underwriter Defendants 

Dated: February 11, 2010 FRIED, FRANK, HARRIS, SHRIVER 

 & JACOBSON LLP 

William G. McGuinness (pro hac vice)

william.mcguinness@friedfrank.com 

Stephanie J. Goldstein (pro hac vice)

stephanie.goldstein@friedfrank.com 

Shahzeb Lari (pro hac vice)

Shahzeb.Lari@friedfrank.com 

One New York Plaza 

New York, New York 10004 

Telephone: (212) 859-8000 

Facsimile: (212) 859-4000 

 /s/ Shazeb Lari 

 SHAZEB LARI 

Attorneys for the Underwriter Defendants 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 4 of 9
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- 5 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

Dated: February 11, 2010 SATTERLEE STEPHENS BURKE & BURKE LLP 

JAMES J. COSTER (pro hac vice)

JOSHUA M. RUBINS 

230 Park Avenue, Suite 1130 

New York, NY 10169-0079 

Tel.: (212) 818-9200 

Fax: (212) 818-9606 

WILSON SONSINI GOODRICH & ROSATI 

KEITH E. EGGLETON 

DAVID McCARTHY 

650 Page Mill Road

Palo Alto, CA 94304 

Tel: (650) 320-4893 

Fax: (650) 565-5100 

 /s/ David McCarthy 

 DAVID McCARTHY 

Attorneys for Defendant Moody’s Investors Service, 

Inc.

Dated: February 11, 2010 CAHILL GORDON & REINDEL LLP 

FLOYD ABRAMS (pro hac vice)

ADAM ZUROFSKY (pro hac vice)

TAMMY ROY (pro hac vice)

80 Pine Street 

New York, NY 10005 

Tel: (212) 701-3000 

Fax: (212) 269-5420 

PERKINS COIE LLP

DAVID T. BIDERMAN 

Four Embarcadero Center, Suite 2400 

San Francisco, CA 94111

Tel: (415) 344-7000 

Fax: (415) 344-7050 

 /s/ David T. Biderman 

 DAVID T. BIDERMAN 

Attorneys for Defendant

The McGraw-Hill Companies, Inc. 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 5 of 9
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- 6 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

Dated: February 11, 2010 PAUL, WEISS, RIFKIND, WHARTON 

 & GARRISON LLP 

MARTIN FLUMENBAUM (pro hac vice)

ANDREW J. EHRLICH (pro hac vice)

TOBIAS J. STERN (pro hac vice)

1285 Avenue of the Americas 

New York, NY 10019-6064 

Tel: (212) 373-3000 

Fax: (212) 373-3990 

 /s/ Andrew J. Ehrlich 

 ANDREW J. EHRLICH 

TAYLOR & COMPANY LAW OFFICES, LLP 

STEPHEN E. TAYLOR 

JAY HINES-SHAH 

One Ferry Building, Suite 355

San Francisco, CA 94111

Tel: (415) 788-8200 

Fax: (415) 788-8208 

Attorneys for Defendant Fitch, Inc. 

(d/b/a Fitch Ratings) 

Filer’s Attestation: Pursuant to General Order No. 45, Section X(B), regarding signatures, I 

attest under penalty of perjury that concurrence in the filing of the document has been obtained 

from each of the other signatories listed above. 

 /s/ David H. Fry 

 DAVID H. FRY 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 6 of 9
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- 7 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

DECLARATION OF DAVID H. FRY

 I, DAVID H. FRY, DECLARE AS FOLLOWS: 

 1. I am an attorney duly licensed to practice in the State of California and before the 

United States District Court for the Northern District of California. I am an attorney with the law 

firm of Munger, Tolles & Olson LLP, and counsel of record for Defendants Wells Fargo Asset 

Securities Corporation, Wells Fargo Bank, N.A., David Moskowitz, Franklin Codel, Douglas K. 

Johnson, and Thomas Neary in the above-captioned action. I have personal knowledge of the 

matters stated below except those matters stated on information and belief which I am informed 

and believe are true. If called as a witness in this action, I could and would testify competently to 

the contents of this declaration. 

 1. On September 17, 2009, the Court issued an order setting a hearing for 

Defendants’ motions to dismiss and a Case Management Conference on January 29, 2010. On 

October 5, 2009, the parties filed a stipulation agreeing to revise the previously negotiated 

briefing schedule but retaining the January 29, 2010 date set by the Court, and the Court signed 

an order to this effect on October 7, 2009. On January 26, 2010, the Court issued a notice 

continuing the hearing and Case Management Conference to February 19, 2010; 

 2. I am informed and believe that Thomas O. Jacob, in-house counsel at Wells Fargo 

& Co. and counsel of record for Defendants Wells Fargo Asset Securities Corporation and Wells 

Fargo Bank, N.A., will be out of the country on February 19, 2010. I have communicated via 

electronic mail with all defense counsel, and based on their various responses, I am informed and 

believe that the next Friday on which all are available is March 19, 2010. 

 3. Continuing the hearing on the motions to dismiss and the Case Management 

Conference would not affect or displace other deadlines in this case, as none has been set yet. 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 7 of 9
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- 8 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

 I declare under penalty of perjury that the foregoing is true and correct, and that this 

declaration was electronically executed this 11th day of February 2010, in San Francisco, 

California.

DATED: February 11, 2010 MUNGER, TOLLES & OLSON LLP 

By: /s/ David H. Fry 

DAVID H. FRY 

Attorney for the Wells Fargo Defendants and the 

Individual Defendants

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 8 of 9
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- 9 - STIPULATION AND [PROPOSED] ORDER 

REQUESTING A CONTINUANCE 

CASE NO. 09-1376-SI 

[PROPOSED] ORDER

In accordance with the parties’ stipulation, it is hereby ORDERED that: 

The hearing scheduled for February 19, 2010 is continued to March 19, 2010 at 

9:00 a.m. and the Case Management Conference scheduled for February 19, 2010 is continued to 

March 19, 2010 at 2:30 p.m. 

IT IS SO ORDERED. 

DATED: __________________, 2010 ________________________________________ 

 THE HONORABLE SUSAN ILLSTON 

United States District Court Judge 

Case 5:09-cv-01376-LHK Document 191 Filed 02/12/10 Page 9 of 9