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Feuer ex rel. Wells Fargo & Company v. Baker, 3:18-cv-02866-JST. (2018)

Court: District Court, N.D. California Number: infdco20180727b25 Visitors: 22
Filed: Jul. 26, 2018
Latest Update: Jul. 26, 2018
Summary: STIPULATION AND [PROPOSED] ORDER CONCERNING SCHEDULE FOR BRIEFING ISSUE OF DEMAND REFUSAL JON S. TIGAR , District Judge . WHEREAS, Plaintiff Feuer ("Plaintiff") filed the Verified Derivative Complaint on May 16, 2018; WHEREAS, Plaintiff filed the Amended Complaint on June 20, 2018; WHEREAS, Defendants have been served with, or have agreed to waive service of, the Amended Complaint; WHEREAS, Plaintiff inadvertently omitted Lloyd Dean and Elizabeth Duke (named as Individual Defe
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STIPULATION AND [PROPOSED] ORDER CONCERNING SCHEDULE FOR BRIEFING ISSUE OF DEMAND REFUSAL

WHEREAS, Plaintiff Feuer ("Plaintiff") filed the Verified Derivative Complaint on May 16, 2018;

WHEREAS, Plaintiff filed the Amended Complaint on June 20, 2018;

WHEREAS, Defendants have been served with, or have agreed to waive service of, the Amended Complaint;

WHEREAS, Plaintiff inadvertently omitted Lloyd Dean and Elizabeth Duke (named as Individual Defendants in Plaintiff's initial complaint) from the caption of the Amended Complaint and clarify that Mr. Dean and Ms. Duke remain Individual Defendants;

WHEREAS, counsel for the parties have conferred and agreed, subject to the Court's approval, that (a) briefing on motions to dismiss the Amended Complaint shall be bifurcated, such that Wells Fargo's motion to dismiss on the issue of demand refusal will be briefed and decided first, to be followed, if necessary, by other Defendants' motions to dismiss on Fed. R. Civ. P. 12(b)(6) grounds; and (b) Wells Fargo's deadline for moving to dismiss the Amended Complaint for failure to plead wrongful refusal of demand shall be September 7, 2018, with Plaintiff's opposition brief due on October 8, 2018, and Wells Fargo's reply brief due on October 29, 2018.1

NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, between the parties, by and through their counsel, that (a) briefing on motions to dismiss the Amended Complaint shall be bifurcated such that Wells Fargo's motion to dismiss on the issue of demand refusal shall be briefed and decided first, followed by the other Defendants' motions to dismiss on 12(b)(6) grounds (if necessary); and (b) the following briefing schedule for Wells Fargo's motion shall be in effect:

• Filing deadline for Wells Fargo's motion to dismiss: September 7, 2018 • Filing deadline for Plaintiff's opposition to Wells Fargo's motion to dismiss: October 8, 2018 • Filing deadline for Wells Fargo's reply to Plaintiff's opposition: October 29, 2018.

ATTESTATION PURSUANT TO CIVIL L.R. 5-1(i)(3)

I, Brendan P. Cullen, in compliance with Civil L.R. 5-1(i)(3), hereby attest that I obtained the concurrence of all of the above-listed counsel in filing this document.

ORDER

THE FOREGOING STIPULATION IS APPROVED AND IT IS SO ORDERED.

FootNotes


1. On June 13, 2018, the Court related the instant case to In re Wells Fargo & Company Shareholder Derivative Litigation, Lead Case No. 3:16-cv-05541-JST. Lead Plaintiffs in In re Wells Fargo & Company Shareholder Derivative Litigation have indicated that they intend to move to consolidate these two actions to the extent that Lead Plaintiffs believe that the Amended Complaint includes claims currently at issue in In re Wells Fargo & Company Shareholder Derivative Litigation. This stipulation is entered into subject to further discussion among the parties and potential motion practice concerning consolidation and/or clarification concerning the portions of the Amended Complaint that Plaintiff Feuer or the Court deems operative for purposes of motions to dismiss.
Source:  Leagle

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