Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-01610/USCOURTS-caed-2_09-cv-01610-6/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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STIPULATION AND [PROPOSED] ORDER RE: 

BRIEFING AND HEARING SCHEDULE FOR 

MOTION TO DISMISS FIRST AMENDED 

CONSOLIDATED COMPLAINT

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

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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 

Case 2:09-cv-01610-GEB-KJN Document 56 Filed 02/05/10 Page 1 of 5
STIPULATION AND [PROPOSED] ORDER RE: 

BRIEFING AND HEARING SCHEDULE FOR 

MOTION TO DISMISS FIRST AMENDED 

CONSOLIDATED COMPLAINT

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

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

6. On January 6, 2010, the Court signed a Stipulation and Order (1) deeming the First 

Amended Consolidated Complaint filed and superseding all prior pleadings, (2) taking Defendants’ 

motion to dismiss the Consolidated Complaint, set for hearing on February 8, 2010, off calendar, and 

(3) requiring Defendants to move or otherwise respond to the First Amended Consolidated Complaint 

on or before February 5, 2010 [Docket No. 54]; and

6. Defendants intend to file a motion to dismiss the First Amended Consolidated 

Complaint, and the parties have agreed upon a mutually acceptable briefing and hearing schedule for 

that motion.

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

the parties, that:

Case 2:09-cv-01610-GEB-KJN Document 56 Filed 02/05/10 Page 2 of 5
STIPULATION AND [PROPOSED] ORDER RE: 

BRIEFING AND HEARING SCHEDULE FOR 

MOTION TO DISMISS FIRST AMENDED 

CONSOLIDATED COMPLAINT

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

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1. Pursuant to the Court’s order of January 6, 2010, Defendants will move to dismiss the 

First Amended Consolidated Complaint on or before February 5, 2010;

2. Lead Plaintiff will file and serve any papers in opposition to Defendants’ motions to 

dismiss to the Consolidated Complaint on or before March 5, 2010;

3. Defendants will file and serve any reply papers in support of their motions to dismiss 

on or before March 24, 2010;

4. A hearing on Defendants’ motions to dismiss the Consolidated Complaint will be held 

on April 5, 2010 at 9:00 a.m., or at such other time as is convenient for the Court.

DATED: February 2, 2010 MCGRANE GREENFIELD LLP

By: /s/ Christopher D. Sullivan

Christopher D. Sullivan

Attorneys for Plaintiff

DATED: February 2, 2010 FENWICK & WEST LLP

By: /s/ Kevin P. Muck

Kevin P. Muck

Attorneys for Defendant

ORRICK, HERRINGTON & SUTCLIFFE, LLP

DATED: February 2, 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

Case 2:09-cv-01610-GEB-KJN Document 56 Filed 02/05/10 Page 3 of 5
STIPULATION AND [PROPOSED] ORDER RE: 

BRIEFING AND HEARING SCHEDULE FOR 

MOTION TO DISMISS FIRST AMENDED 

CONSOLIDATED COMPLAINT

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

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

on all counsel of record on this 2nd day of February, 2010.

/s/ Kevin P. Muck____________

Case 2:09-cv-01610-GEB-KJN Document 56 Filed 02/05/10 Page 4 of 5
STIPULATION AND [PROPOSED] ORDER RE: 

BRIEFING AND HEARING SCHEDULE FOR 

MOTION TO DISMISS FIRST AMENDED 

CONSOLIDATED COMPLAINT

-5- CASE NO. 2:09-CV-01610-GEB-DAD

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ORDER

PURSUANT TO STIPULATION, IT IS ORDERED AS FOLLOWS:

1. Defendants will move to dismiss the First Amended Consolidated Complaint on or 

before February 5, 2010;

2. Lead Plaintiff will file and serve any papers in opposition to Defendants’ motions to 

dismiss to the Consolidated Complaint on or before March 5, 2010;

3. Defendants will file and serve any reply papers in support of their motions to dismiss 

on or before March 24, 2010;

4. A hearing on Defendants’ motions to dismiss the Consolidated Complaint will be held 

on April 5, 2010 at 9:00 a.m., or at such other time as is convenient for the Court.

IT IS SO ORDERED.

Dated: February 4, 2010

 

_____________________________________________

GARLAND E. BURRELL, JR.

United States District Judge

Case 2:09-cv-01610-GEB-KJN Document 56 Filed 02/05/10 Page 5 of 5