Filed: Jul. 22, 2014
Latest Update: Jul. 22, 2014
Summary: STIPULATION AND [PROPOSED] ORDER CONTINUING CASE MANAGEMENT CONFERENCE EDWARD M. CHEN, District Judge. WHEREAS, the above-captioned consolidated action is a proposed class action alleging violations of the federal securities laws against Vocera Communications, Inc., certain individual officers and directors of the Company, and certain investment banks that served as underwriters in connection with the Company's initial public offering (collectively, "Defendants"); WHEREAS, on April 1, 2
Summary: STIPULATION AND [PROPOSED] ORDER CONTINUING CASE MANAGEMENT CONFERENCE EDWARD M. CHEN, District Judge. WHEREAS, the above-captioned consolidated action is a proposed class action alleging violations of the federal securities laws against Vocera Communications, Inc., certain individual officers and directors of the Company, and certain investment banks that served as underwriters in connection with the Company's initial public offering (collectively, "Defendants"); WHEREAS, on April 1, 20..
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STIPULATION AND [PROPOSED] ORDER CONTINUING CASE MANAGEMENT CONFERENCE
EDWARD M. CHEN, District Judge.
WHEREAS, the above-captioned consolidated action is a proposed class action alleging violations of the federal securities laws against Vocera Communications, Inc., certain individual officers and directors of the Company, and certain investment banks that served as underwriters in connection with the Company's initial public offering (collectively, "Defendants");
WHEREAS, on April 1, 2014, this Court issued an order resetting the date for the initial case management conference from April 24, 2014 to August 28, 2014 (ECF. No. 68);
WHEREAS, on July 10, 2014, this Court heard argument on and took under submission Lead Plaintiff's motion relating to certain confidentiality matters (the "Motion") (ECF No. 87);
WHEREAS, the resolution of the Motion will impact the filing of the consolidated complaint. Accordingly, the Parties shall meet and confer and submit to the Court a schedule for the filing of the consolidated complaint and related dispositive motion practice promptly upon the Court's resolution of the Motion;
WHEREAS, pursuant to the Private Securities Litigation Reform Act of 1995, Pub.L. No. 104-67, 109 Stat. 737 (1995) (the "Reform Act"), unless otherwise ordered by the Court, discovery in this action is stayed during the pendency of any motion to dismiss (15 U.S.C. § 78u-4(b)(3)(B)); and
WHEREAS, in view of the Motion, the Reform Act's stay of discovery, the uncertain timing of the filing of the consolidated complaint and the resolution of any dispositive motions related thereto, counsel in the above-captioned action respectfully submit that good cause exists to vacate the existing August 28, 2014 initial case management conference and associated ADR deadlines until and unless such time as the consolidated complaint has been filed and this matter survives any motion(s) to dismiss;
IT IS ACCORDINGLY STIPULATED, pursuant to Civil L.R. 7-12, by and between the undersigned counsel for the parties, that:
i. Pursuant to Civil L.R. 16-2, the Initial Case Management Conference scheduled for August 28, 2014 be vacated, along with any associated deadlines under the Federal Rules of Civil Procedure and Local Rules, to be rescheduled for a date that is 30 days after entry of a Court order ruling on Defendants' anticipated motion(s) to dismiss the consolidated complaint, or such other date as the Court shall determine to be appropriate; and
ii. All associated ADR Multi-Option Program deadlines likewise be deferred.
Pursuant to Pursuant to Civil Local Rule 5-1(i)(3), all signatories concur in filing this stipulation.
[PROPOSED] ORDER
PURSUANT TO STIPULATION, IT IS SO ORDERED.
