CHARLES R. BREYER, District Judge.
A. Named plaintiff Vince Bonato commenced this purported securities class action on June 6, 2011;
B. This action is governed by the Private Securities Litigation Reform Act of 1995, 15 U.S.C. § 78u-4 et seq. (the "Reform Act");
C. Pursuant to the provisions of the Reform Act, competing motions for appointment of lead plaintiff and lead counsel were filed on August 5, 2011;
D. A hearing on the motions is scheduled for October 14, 2011, at 10:00 a.m.;
E. The Initial Case Management Conference ("CMC") for this action is presently set for September 16, 2011, at 8:30 a.m.;
F. All parties and movants agree that continuing the CMC until after the Court appoints a lead plaintiff and lead counsel pursuant to the Reform Act is prudent and will conserve party and judicial resources.
NOW, THEREFORE, the parties and movants hereby stipulate pursuant to Civil Local Rule 6-1(b) and subject to Court approval as follows:
1. The CMC, presently set for September 16, 2011, at 8:30 a.m., shall be taken off calendar.
2. Defendants will meet and confer with the court-appointed lead counsel within fourteen days after the Court makes its appointment to discuss the schedule in this action, including the rescheduling of the CMC to a date that is convenient to the Court's calendar. [PROPOSED] ORDER
Having considered the Joint Stipulation of the parties and movants, and for good cause shown,
1. The CMC, presently set for September 16, 2011, at 8:30 a.m., shall be taken off calendar.
2. Defendants shall meet and confer with the court-appointed lead counsel within fourteen days after the Court makes its appointment to discuss the schedule in this action, including the rescheduling of the CMC to a date that is convenient to the Court's calendar.