JON S. TIGAR, District Judge.
Pursuant to Civil Local Rules 6-2 and 7-12, Plaintiff Deborah A. Fieser ("Fieser"), Jeffrey Csoka ("Cskoka"), and Defendants W. Denman Van Ness, William K. Bowes, Jr., Peter Barton Hutt, Joseph M. Limber, Kelvin M. Neu, Patrick J. Scannon, John Varian, Timothy P. Walbert, Paul D. Rubin, Jack L. Wyszomierski, and Nominal Defendant XOMA Corporation (collectively, "Defendants"), by and through their respective counsel, hereby agree and stipulate that good cause exists to request an order from the Court rescheduling the Case Management Conference currently set for May 17, 2017 in this action and related action at Case No. 3:15-CV-05429-JST to August 23, 2017, and to adjust accordingly the related deadlines set forth therein.
WHEREAS, Joseph Markette ("Markette") filed a securities class action lawsuit against XOMA, John Varian, and Paul Rubin relating to XOMA's EYEGUARD-B study in the United States Court for the Northern District of California, captioned Markette v. XOMA Corp., et. al., 3:15-CV-3425-HSG, on July 24, 2015 (the "Securities Action");
WHEREAS, Plaintiff Fieser filed this related shareholder derivative action, captioned Fieser v. W. Denman Van Ness, et. cal., Case No. 3:15-CV-05236-JST, on November 16, 2015 ("Fieser Derivative Action");
WHEREAS, Csoka filed a related shareholder derivative action in the United States Court for the Northern District of California, captioned Csoka v. John Varian, et. al., Case No. 3:15-CV-05429-JST, on November 25, 2015 ("Csoka Derivative Action");
WHEREAS, as of April 25, 2016, both the Fieser Derivative Action and the Csoka Derivative Action are before Hon. Jon S. Tigar;
WHEREAS, on May 9, 2016, the Court stayed the Fieser Derivative Action pending future developments in the Securities Action;
WHEREAS, on May 19, 2016, the Court stayed the Csoka Derivative Action pending future developments in the Securities Action;
WHEREAS, on May 24, 2016, the Court in the Securities Action set a briefing schedule requiring Markette to file an amended complaint by July 8, 2016, Defendants to respond to the amended complaint by August 11, 2016; Markette to file an opposition to the response by September 15, 2016, Defendants to file a reply brief by September 29, 2016, and for the hearing to be held on October 13, 2016;
WHEREAS, on July 8, 2016, Markette filed an amended complaint adding for the first time Kelvin Neu as a defendant;
WHEREAS, on July 22, 2016, the parties in the Securities Action filed a stipulation to amend the case management schedule;
WHEREAS, on July 22, 2016, the Court in the Securities Action granted in part and denied in part the parties' stipulation to amend the case management schedule, requiring Defendants to respond to the amended complaint by September 2, 2016; Markette to file an opposition to the response by October 7, 2016; Defendants to file a reply brief by October 21, 2016; and for the hearing to be held on November 3, 2016;
WHEREAS, the parties filed a stipulation to reschedule the case management conference in this action on August 16, 2016;
WHEREAS, on August 19, 2016, this Court ordered the Fieser and Csoka Derivative Actions related, extended the stay, and denied Defendants' stipulation as moot;
WHEREAS, on September 2, 2016, Defendants filed a motion to dismiss the Securities Action;
WHEREAS, on September 15, 2016, the Court in the Securities Action continued the hearing to December 15, 2016;
WHEREAS, on October 7, 2016, Plaintiff Markette filed an opposition to Defendants' motion to dismiss;
WHEREAS, on October 21, 2016, Defendants filed a reply in support of their motion to dismiss;
WHEREAS, on December 14, 2016, the Court in the Securities Action vacated the hearing previously scheduled for December 15, 2016, and took the pending motion to dismiss filings under submission;
WHEREAS, the Case Management Conference is currently scheduled for May 17, 2017 in both the Fieser and Csoka Derivative Actions;
WHEREAS, the Court in the Securities Action has yet to issue an order on the motion to dismiss filings;
WHEREAS, in light of the current stay of both the Fieser and Csoka Derivative Actions and the status of the Securities Action, the parties believe it would be a waste of judicial and party resources for the Court and the Parties to conduct the Case Management Conference on May 17, 2017;
WHEREAS Fieser, Csoka, and Defendants further agree that the Case Management Conference should be rescheduled for August 23, 2017, and all related deadlines adjusted accordingly.
NOW THEREFORE, THE FOLLOWING IS HEREBY STIPULATED by and between the parties, through their respective counsel:
1. The Case Management Conference will be rescheduled to August 23, 2017, and all related deadlines (including ADR deadlines) adjusted accordingly.
IT IS SO STIPULATED.