EXHIBIT A 

Case: 19-30088 Doc# 5374-1 Filed: 01/14/20 Entered: 01/14/20 15:56:59 Page 1

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-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) 

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 

Counsel for Lead Plaintiff the Public Employees Retirement 

Association of New Mexico and Lead Counsel for the Class 

Additional Counsel appear on signature pages 

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 

Civil Action No. 3:19-cv-00994-RS 

STIPULATION AND [PROPOSED] ORDER 

TO CONSOLIDATE AND FILE THIRD 

AMENDED CONSOLIDATED CLASS 

ACTION COMPLAINT 

YORK COUNTY ON BEHALF OF 

THE COUNTY OF YORK 

RETIREMENT FUND, et al. 

v. 

BARBARA L. RAMBO, et al. 

AMENDED

Case 5:18-cv-03509-EJD Document 117 Filed 05/07/19 Page 1 of 10

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS 

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WHEREAS, on December 14, 2018, Lead Plaintiff the Public Employees Retirement 

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

No. 62, the “Consolidation Order”) filed its Second Amended Consolidated Class Action 

Complaint (ECF No. 95, the “SAC”) pursuant to the scheduling ordered by the Court (ECF No. 

89); 

WHEREAS, the SAC asserts claims against: (a) PG&E Corporation and Pacific Gas and 

Electric Company (the “PG&E Defendants”); and (b) Anthony F. Earley, Jr., Geisha J. 

Williams, Nickolas Stavropoulos, Julie M. Kane, Christopher Johns, and Patrick M. Hogan (the 

“Consolidated Action Individual Defendants”) under Section 10(b) and Section 20(a) of the 

Securities Exchange Act of 1934; 

WHEREAS, on January 29, 2019, the PG&E Defendants commenced voluntary Chapter 

11 bankruptcy proceedings (the “Chapter 11 Cases”) in the United States Bankruptcy Court for 

the Northern District of California (the “Bankruptcy Court”), which are being jointly 

administered as Case Nos. 19-30088 and 19-30089 (see Notice of Pendency of Bankruptcy, ECF 

No. 103); 

WHEREAS, by virtue of 11 U.S.C. § 362 (the “Automatic Stay”), the Consolidated 

Action is stayed as to the PG&E Defendants; 

WHEREAS, on February 15, 2019, the PG&E Defendants initiated an adversary 

proceeding (the “Adversary Proceeding”) in the Chapter 11 Cases, and filed a motion in the 

Adversary Proceeding seeking to preliminarily and permanently enjoin the prosecution of 

twenty-two pending civil actions as against non-debtor defendants, including to enjoin the 

prosecution of the Consolidated Action as against the Consolidated Action Individual 

Defendants, with the same effect and to the same extent as would be the case if the Automatic 

Stay applied to such non-debtor defendants; 

WHEREAS, on February 22, 2019, York County, on behalf of the County of York 

Retirement Fund, City of Warren Police and Fire Retirement System, Mid-Jersey Trucking 

Industry & Local No. 701 Pension Fund (collectively, the “Securities Act Plaintiffs”), and all 

others similarly situated, filed in this Court a putative securities class action (the “York County 

Case 5:18-cv-03509-EJD Document 117 Filed 05/07/19 Page 2 of 10

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS

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Securities Action”) asserting claims under the Securities Act of 1933 against certain of the 

Debtors’ current and/or former directors and officers (the “York County Securities Action 

Individual Defendants”), as well as against the underwriters1 of certain of the PG&E 

Defendants’ notes offerings (the “Underwriters”, and together with the Consolidated Action 

Individual Defendants and the York County Securities Action Individual Defendants, the “NonDebtor Defendants”); 

WHEREAS, the Securities Act Plaintiffs served the Underwriters and the York County 

Securities Action Individual Defendants in the York County Securities Action and the Parties 

(defined below) have agreed to extend such defendants’ time to respond in accordance with this 

Stipulation; 

WHEREAS, Lead Plaintiff, the PG&E Defendants, the Securities Act Plaintiffs, and the 

Non-Debtor Defendants (collectively, the “Parties”) agree to the consolidation of the York 

County Securities Action with the Consolidated Action pursuant to the Court’s Consolidation 

Order; 

WHEREAS, the operative complaint in the York County Securities Action includes new 

allegations not currently alleged in the SAC; 

1

 The underwriters named in the York County Securities Action are Barclays Capital Inc., 

BNP Paribas Securities Corp., Morgan Stanley & Co. LLC, MUFG Securities Americas, Inc. 

f/k/a Mitsubishi UFJ Securities (USA), Inc., The Williams Capital Group, L.P., Citigroup Global 

Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, 

Mizuho Securities USA LLC, Goldman Sachs & Co., LLC, RBC Capital Markets, LLC, Wells 

Fargo Securities, LLC, BNY Mellon Capital Markets, LLC, TD Securities (USA) LLC, C.L. 

King & Associates, Inc., Great Pacific Securities, CIBC World Markets Corp., SMBC Nikko 

Securities American, Inc., U.S. Bancorp Investments, Inc., Lebenthal & Co., LLC, Mischler 

Financial Group, Inc., Blaylock Van, LLC, Samuel A. Ramirez & Company, Inc., and MFR 

Securities, Inc. The undersigned counsel for the underwriters currently represent all of the 

foregoing, except for Lebenthal & Co., LLC (“Lebenthal”). For purposes of this Stipulation, 

Lebenthal is not included among the defined groups “Underwriters” or “Non-Debtor 

Defendants” because it is the understanding of the undersigned counsel that Lebenthal has 

ceased operations and has not presently retained counsel. To the extent that Lebenthal 

participates in the Consolidated Action, the Parties agree that Lebenthal may proceed with 

respect to the TAC pursuant to the schedule set forth in paragraphs 4 and 5 below. 

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS

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WHEREAS, the Parties agree that in the interests of efficiency and judicial economy, 

Lead Plaintiff may allege additional facts and claims in a Third Amended Consolidated Class 

Action Complaint (“TAC”), which will be the operative complaint in the Consolidated Action; 

WHEREAS, the PG&E Defendants intend to seek to preliminarily and permanently 

enjoin the prosecution of the Consolidated Action as against all Non-Debtor Defendants; and 

WHEREAS, Lead Plaintiff and the PG&E Defendants are simultaneously entering into a 

stipulation in the Adversary Proceeding pursuant to which they are: (i) noticing the Bankruptcy 

Court of the consolidation of the York County Securities Action with the Consolidated Action, 

(ii) stipulating to dismiss Lead Plaintiff, without prejudice, from the Adversary Proceeding, and

to set forth a schedule pursuant to which the PG&E Defendants may initiate a new, separate 

adversary proceeding (the “New Mexico Adversary Proceeding”) as against Lead Plaintiff and 

relating only to the Consolidated Action, and file a motion in the New Mexico Adversary 

Proceeding (the “New Mexico Adversary Proceeding Motion”) seeking to preliminarily and 

permanently enjoin the prosecution of the Consolidated Action against all Non-Debtor 

Defendants, and (iii) resolving certain other scheduling matters in the New Mexico Adversary 

Proceeding, including regarding a hearing (the “New Mexico Adversary Proceeding Hearing”) 

on the New Mexico Adversary Proceeding Motion; 

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

Federal Rule of Civil Procedure 15(a)(2) and Civil Local Rule 6-1, that: 

1) The York County Securities Action shall be consolidated with the

Consolidated Action;

2) The Consolidated Action Individual Defendants shall no longer be

required to move, answer, or otherwise respond to the SAC, that the NonDebtor Defendants shall no longer be required to move, answer, or

otherwise respond to the complaint filed in the York County Securities

Action, and that all other dates, including the initial case management

conference and deadlines scheduled for May 16, 2019 in the York County

Securities Action, shall be vacated except as set forth herein;

^is ordered related to and 

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS 

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3) Lead Plaintiff shall file the TAC within 21 days of the date this 

Stipulation is “So Ordered.” The TAC may continue to name the PG&E 

Defendants as Defendants notwithstanding the Automatic Stay, provided 

that the TAC includes language that “it is understood that the action 

against the PG&E Defendants is stayed pursuant to the automatic stay 

provisions of 11 U.S.C. § 362”; 

4) The time for Non-Debtor Defendants to move, answer, or otherwise 

respond to the TAC shall be extended to the earlier of: i) 30 days from the 

date the Bankruptcy Court denies the New Mexico Adversary Proceeding 

Motion, or ii) 100 days from the date the Bankruptcy Court commences a 

hearing on the same motion; provided, however, that in the event that the 

Bankruptcy Court does not issue an order within 60 days from the date of 

the New Mexico Adversary Proceeding Hearing, the Non-Debtor 

Defendants may seek further extension from the District Court of their 

time to answer or otherwise respond to the TAC; and 

5) In the event that any Non-Debtor Defendant(s) file a motion directed at the 

TAC (each, a “Motion”), Lead Plaintiff shall have 60 days from the date 

of the filing of a Motion to file an opposition thereto (each, an 

“Opposition”), and the respective Non-Debtor Defendant(s) shall have 30 

days from the date of the filing of that Opposition to file a reply in further 

support of such Motion. 

 

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DATED: May 1, 2019 

THOMAS 

\L 

A. DUBBS 

~ 

(pro hac vice) 

LOUIS GOTTLIEB (pro hac vice) 

CAROL C. VILLEGAS (pro hac vice) 

JEFFREY A. DUBBIN (#287199) 

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 

Counsel for Lead Plaintiff the Public Employees 

Retirement Association of New Mexico 

Isl Frank Busch 

FRANK BUSCH (#258288) 

JAMES M. WAGSTAFFE (#95535) 

WAGSTAFFE, VON LOEWENFELDT, 

BUSCH & RADWICK LLP 

100 Pine Street, Suite 725 

San Francisco, California 94111 

Telephone: (415) 357-8900 

Facsimile: (415) 357-8910 

busch@wvbrlaw.com 

wagstaffe@kwvbrlaw.com 

Liaison Counsel for the Class 

Isl Brian Cochran 

BRIAN COCHRAN (#286202) 

DARREN J. ROBBINS (#168593) 

ROBBINS GELLER RUDMAN 

&DOWDLLP 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: (619) 231-1058 

Facsimile: (619) 231-7423 

bcochran@rgrdlaw.com 

darrenr@rgrdlaw.com 

Counsel for the Securities Act Subclass 

STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT 

CASE NOS. 3:18-cv-03509-RS & 3:19-cv-00994-RS 

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS 

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 /s/ James E. Brandt 

JAMES E. BRANDT (pro hac vice) 

LATHAM & WATKINS LLP 

885 Third Avenue 

New York, NY 10022 

Telephone: (212) 906-1200 

Facsimile: (212) 751-4864 

james.brandt@lw.com 

LATHAM & WATKINS LLP 

ROBERT W. PERRIN (#194485) 

MICHAEL J. REISS (#275021) 

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 

Attorneys for the PG&E Defendants 

 /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 Consolidated Action Individual 

Defendants 

 

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS 

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/s/ James G. Kreissman JAMES G. KREISSMAN (#206740) 

SIMPSON THACHER & BARTLETT LLP 

2475 Hanover Street 

Palo Alto, CA 94304 

Telephone: (650) 251-5000 

Facsimile: (650) 251-5002 

jkreissman@stblaw.com 

SIMPSON THACHER & BARTLETT LLP 

PAUL C. CURNIN 

NICHOLAS S. GOLDIN 

RACHEL S. SPARKS BRADLEY 

425 Lexington Avenue 

New York, NY 10017 

Telephone: (212) 455-2000 

Facsimile: (212) 455-2502 

pcurnin@stblaw.com 

ngoldin@stblaw.com 

rachel.sparksbradley@stblaw.com 

Attorneys for the York County Securities Action 

Individual Defendants 

/s/ Neal A. Potischman 

NEAL A. POTISCHMAN (#254862) 

DAVIS POLK & WARDWELL LLP 

1600 El Camino Real 

Menlo Park, CA 94025 

Telephone: (650) 752-2000 

Facsimile: (650) 752-2111 

neal.potischman@davispolk.com 

DAVIS POLK & WARDWELL LLP 

CHARLES S. DUGGAN (pro hac vice application 

forthcoming) 

DANA M. SESHENS (pro hac vice application 

forthcoming) 

CRAIG T. CAGNEY (pro hac vice application 

forthcoming) 

450 Lexington Avenue 

New York, NY 10017 

Telephone: (212) 450-4000 

Facsimile: (212) 701-5800 

charles.duggan@davispolk.com 

dana.seshens@davispolk.com 

craig.cagney@davispolk.com 

Attorneys for the Underwriters 

(other than Lebenthal & Co., LLC)

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STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

CASE NOS. 3:18-CV-03509-RS & 3:19-CV-00994-RS

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PURSUANT TO STIPULATION, IT IS SO ORDERED 

May ___, 2019 

______________________________________

U.S.D.J.

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ATTESTATION CLAUSE 

1 

2 I, Thomas A. Dubbs, am the ECF User whose identification and password are being used 

3 to file this Stipulation and [Proposed] Order to Consolidate and File Third Amended 

4 Consolidated Class Action Complaint. I hereby attest that the above-signed counsel have 

5 concurred in this filing. I declare under penalty of perjury under the laws of the United States of 

6 America that the foregoing is true and correct. Executed this 1st day of May, 2019 in New York, 

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New York. 

Dated: May 1, 2019 LABATON SUCHAROW LLP 

~ 

By: \ \._ 

THOMAS A. DUBBS (pro hac vice) 

Counsel for Lead Plaintiff the Public 

Employees Retirement Association of 

New Mexico and Lead Counsel for the 

Class 

STIPULATION TO CONSOLIDATE AND FILE THIRD AMENDED CLASS ACTION COMPLAINT 

CASE Nos. 3: 18-CV-03 509-RS & 3: 19-CV-00994-RS 

Case 5:18-cv-03509-EJD Document 117 Filed 05/07/19 Page 10 of 10

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