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Hessefort v. Super Micro Computer, Inc., 3:18-CV-00838-JST. (2018)

Court: District Court, N.D. California Number: infdco20181128b13 Visitors: 27
Filed: Nov. 27, 2018
Latest Update: Nov. 27, 2018
Summary: JOINT STIPULATION AND [PROPOSED] ORDER REGARDING FILING OF AMENDED COMPLAINT BY LEAD PLAINTIFF AND OTHER DEADLINES RELATED TO PLEADINGS JON S. TIGAR , District Judge . WHEREAS, on June 25, 2018, the parties stipulated to and filed with the Court a proposed schedule governing the deadlines related to pleadings in this matter, and on June 26, 2018, the Court filed its order approving the June 25, 2018 Joint Stipulation ("June 26, 2018 Scheduling Order"); WHEREAS, on November 5, 2018, t
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JOINT STIPULATION AND [PROPOSED] ORDER REGARDING FILING OF AMENDED COMPLAINT BY LEAD PLAINTIFF AND OTHER DEADLINES RELATED TO PLEADINGS

WHEREAS, on June 25, 2018, the parties stipulated to and filed with the Court a proposed schedule governing the deadlines related to pleadings in this matter, and on June 26, 2018, the Court filed its order approving the June 25, 2018 Joint Stipulation ("June 26, 2018 Scheduling Order");

WHEREAS, on November 5, 2018, the parties stipulated to and filed with the Court a stipulation ("November 5, 2018 Joint Stipulation"), which provided that in the event the Company made an announcement on or before November 21, 2018 that its historical financials can no longer be relied upon and/or a restatement of historical financials is warranted, the parties shall present for the Court's consideration a new proposed schedule for an amendment to the Consolidated Complaint and any response thereto to supersede the June 26, 2018 Scheduling Order, and otherwise, on or before November 21, 2018, the Defendants shall file and serve their responses to the Consolidated Complaint with briefing on any motion to dismiss to proceed as set forth in the June 26, 2018 Scheduling Order;

WHEREAS, on November 7, 2018, the Court filed its order approving the November 5, 2018 Joint Stipulation;

WHEREAS, on November 15, 2018, the Company filed a Form 8-K with the U.S. Securities and Exchange Commission in which the Company announced that certain of the Company's financial statements previously issued should no longer be relied upon because of errors, and that the Company intends to restate its financial statements for prior periods as required and provided preliminary estimates for changes in revenue ("November 15, 2018 Form 8-K");

WHEREAS, after meeting and conferring, in order to avoid the unnecessary expenditure of judicial resources or effort by the Court or the parties, the parties have agreed to a proposed schedule, subject to the Court's approval, which will allow time for lead plaintiff to assess the November 15, 2018 Form 8-K and file an amended complaint;

NOW THEREFORE, the undersigned parties, by and through their counsel of record, stipulate as follows:

1. Lead plaintiff shall file and serve an amended complaint no later than January 22, 2019;

2. Defendants shall file and serve any answer or other response within forty-five (45) days of service of the amended complaint;

3. Lead plaintiff shall file and serve any opposition to any motion to dismiss filed by Defendants within forty-five (45) days of service of the motion to dismiss;

4. Defendants shall file and serve any reply brief in support of any motion to dismiss filed by Defendants within thirty (30) days of service of any opposition brief;

5. The Initial Case Management Conference remains adjourned to such other date and time as this Court shall order. Until the date of such Case Management Conference, the stay of discovery shall remain in place, subject to the parties' right to seek to lift the stay pursuant to 15 U.S.C. §78u-4(b)(3)(B).

I, Stephen D. Hibbard, am the ECF User whose ID and password are being used to file this JOINT STIPULATION AND [PROPOSED] ORDER REGARDING FILING OF AMENDED COMPLAINT BY LEAD PLAINTIFF AND OTHER DEADLINES RELATED TO PLEADINGS. In compliance with Local Rule 5-1(i)(3), I hereby attest that counsel for Lead Plaintiff, Daniel J. Pfefferbaum, and Defendant Howard Hideshima, Nicolas Morgan, concur in this filing.

[PROPOSED] ORDER

IT IS SO ORDERED.

Source:  Leagle

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