Zhu v. UCBH Holdings, Inc. et al, No. 3:2009cv04208 - Document 11 (N.D. Cal. 2009)

Court Description: ORDER GRANTING (9 in 3:09-cv-04513-JSW) (8 in 3:09-cv-04429-JSW) (9 in 3:09-cv-04492-JSW) Stipulation EXTENDING TIME TO RESPOND TO COMPLAINTS. Signed by Judge Jeffrey S. White on 10/22/09. (jjo, COURT STAFF) (Filed on 10/22/2009)

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Zhu v. UCBH Holdings, Inc. et al Doc. 11 Case3:09-cv-04513-JSW Document9 1 2 3 4 5 6 7 Filed10/19/09 Page1 of 8 JORDAN ETH (CA SBN 121617) JEth@mofo.com ANNA ERICKSON WHITE (CA SBN 161385) AWhite@mofo.com CRAIG D. MARTIN (CA SBN 168195) CMartin@mofo.com MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: 415.268.7000 Facsimile: 415.268.7522 Attorneys for Defendant UCBH Holdings, Inc. 8 9 UNITED STATES DISTRICT COURT 10 NORTHERN DISTRICT OF CALIFORNIA 11 SAN FRANCISCO DIVISION 12 13 GUOHUA ZHU, Individually and On Behalf of All Others Similarly Situated, 14 Case No. CV 09-04208-JSW CLASS ACTION Plaintiff, 15 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS vs. 16 17 UCBH HOLDINGS, INC., THOMAS S. WU, and EBRAHIM SHABUDIN, 18 Defendants. 19 20 HUY TRAN, Individually and On Behalf of All Others Similarly Situated, 21 22 23 Case No. CV 09-04429-JSW (Related Case) Plaintiff, vs. UCBH HOLDINGS, INC., THOMAS S. WU, and CRAIG ON, 24 Defendants. 25 26 27 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 Dockets.Justia.com Case3:09-cv-04513-JSW Document9 1 SALVADOR PEREZ, Individually and On Behalf of All Others Similarly Situated, Filed10/19/09 Page2 of 8 Case No. CV 09-04492-JSW (Related Case) Case No. CV 09-04513-JSW (Related Case) 2 Plaintiff, 3 vs. 4 5 6 7 UCBH HOLDINGS, INC., THOMAS S. WU, EBRAHIM SHABUDIN, CRAIG S. ON, MERRILL LYNCH, PIERCE, FENNER & SMITH, INCORPORATED, BANK OF AMERICA CORPORATION and SANDLER O’NEILL + PARTNERS, L.P., 8 Defendants. 9 10 DOMINIQUE DURBIN, Individually and On Behalf of All Others Similarly Situated, 11 12 13 Plaintiff, vs. UCBH HOLDINGS, INC., THOMAS S. WU, and CRAIG ON, 14 Defendants. 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 Case3:09-cv-04513-JSW Document9 1 Filed10/19/09 Page3 of 8 WHEREAS, on September 11, 2009, plaintiff Guohua Zhu filed a complaint that asserts 2 claims under Sections 10(b) and 20(a) of the Securities Exchange Action of 1934 (the “Exchange 3 Act”) on behalf of a purported class (“Zhu”); 4 WHEREAS, on September 21, 2009, plaintiff Huy Tran filed a complaint that asserts 5 claims under Sections 10(b) and 20(a) of the Exchange Act on behalf of a purported class 6 (“Tran”); 7 WHEREAS, on September 22, 2009, plaintiff Salvador Perez filed a complaint that asserts 8 claims under Sections 11, 12(a)(2) and 15 of the Securities Act of 1933 and Sections 10(b) and 9 20(a) of the Exchange Act on behalf of a purported class (“Perez”); 10 WHEREAS, on September 24, 2009, plaintiff Dominique Durbin filed a complaint that 11 asserts claims under Sections 10(b) and 20(a) of the Exchange Act on behalf of a purported class 12 (“Durbin”); 13 14 15 WHEREAS, on September 30, 2009, this Court granted Motions to Relate Cases to Zhu thereby finding that the Zhu, Tran, Durbin and Perez actions were related (the “Related Cases”); WHEREAS, there have been two other complaints (listed below) filed since September 16 22, 2009, involving substantially the same claims and overlapping parties as found in the Related 17 Cases, and those actions are also pending in the United States District Courts for the Northern 18 District of California: 19 Waterford v. UCBH Holdings, Inc. et al (3:09-cv-04449-MHP), filed September 22, 20 2009 (“Waterford”); and 21 Nygaard v. UCBH Holdings, Inc. et al (3:09-cv-04505-VRW), filed September 23, 22 2009 (“Nygaard”); 23 24 25 26 27 28 WHEREAS, motions to consolidate the Related Cases and the other actions into a single action and to appoint a lead plaintiff are expected to be filed; WHEREAS, the parties understand that the lead plaintiff in these actions will file a consolidated complaint; WHEREAS, the parties agree that defendants should respond to the consolidated complaint filed by lead plaintiff and not to the individual complaints; and STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 1 Case3:09-cv-04513-JSW Document9 1 2 3 4 5 6 7 Filed10/19/09 Page4 of 8 WHEREAS, the parties have agreed to a schedule that extends defendants’ time to respond to the individual complaints until after a consolidated complaint has been filed. IT IS HEREBY STIPULATED AND AGREED among the undersigned parties as follows: 1. Defendants shall not be required to answer or otherwise respond to the Zhu complaint or the related actions; and 2. Defendants shall answer or otherwise respond to a consolidated complaint on a 8 schedule to be agreed upon with the lead plaintiff, or set by the Court. 9 SO STIPULATED. 10 11 Dated: October 19, 2009 12 JORDAN ETH ANNA ERICKSON WHITE CRAIG MARTIN MORRISON & FOERSTER LLP 13 14 By: /s/ Anna Erickson White Anna Erickson White 15 16 17 18 19 20 21 22 23 Attorneys for Defendant UCBH Holdings, Inc. Dated: October 19, 2009 TIMOTHY P. CRUDO Timothy.Crudo@lw.com Latham & Watkins LLP 505 Montgomery Street, Suite 2000 San Francisco, CA 94111 Tel.: (415) 391-0600 Fax: (415) 395-8095 By: /s/ Timothy P. Crudo Timothy P. Crudo Attorney for Defendant Thomas Wu 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 2 Case3:09-cv-04513-JSW Document9 Filed10/19/09 Page5 of 8 1 Dated: October 19, 2009 2 3 4 NANCI CLARENCE nclarence@clarencedyer.com Clarence & Dyer LLP 899 Ellis Street San Francisco, CA 94109 Tel.: (415) 749-1800 Fax: (415) 749-1694 5 By: /s/ Nanci Clarence Nanci Clarence 6 7 8 Attorney for Defendant Craig On Dated: October 19, 2009 9 10 11 12 JAMES A. LASSART Jlassart@rmkb.com Ropers Majeski Kohn Bentley 201 Spear Street, Suite 1000 San Francisco, CA 94105 Tel.: (415) 543-4800 Fax: (415) 972-6301 By: /s/ James A. Lassart James A. Lassart 13 Attorney for Defendant Ebrahim Shabudin 14 Dated: October 19, 2009 15 16 17 18 19 20 21 22 LAURENCE M. ROSEN lrosen@rosenlegal.com The Rosen Law Firm, P.A. 333 South Grand Avenue 25th Floor Los Angeles, CA 90071 Tel.: (213) 785-2610 Fax: (213) 226-4684 PHILLIP P. KIM pkim@rosenlegal.com The Rosen Law Firm, P.A. 350 5th Avenue Suite 5508 New York, NY 10118 Tel: (212) 686-1060 Fax: (212) 202-3827 23 24 25 By: /s/ Laurence M. Rosen Laurence M. Rosen Attorneys for Plaintiff Guohua Zhu 26 27 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 3 Case3:09-cv-04513-JSW Document9 1 Dated: October 19, 2009 2 3 4 5 Filed10/19/09 Page6 of 8 ERIK D. PETERSON RAMZI ABADOU epeterson@btkmc.com rabadou@btkmc.com Barroway Topaz Kessler Meltzer Check, LLP 580 California Street Suite 1750 San Francisco, CA 94104 Tel.: (415) 400-3000 Fax: (415) 400-3001 6 By: /s/ Erik D. Peterson Erik D. Peterson 7 8 Attorneys for Plaintiff Salvador Perez 9 Dated: October 19, 2009 10 11 12 13 14 MICHAEL M. GOLDBERG LIONEL Z. GLANCY info@glancylaw.com Glancy Binkow & Goldberg LLP 1801 Avenue of the Stars, Suite 311 Los Angeles, CA 90067 Tel.: (310) 201-9150 Fax: (310) 201-9160 By: /s/ Michael M. Goldberg Michael M. Goldberg 15 16 17 18 19 Howard G. Smith Law Offices Of Howard G. Smith 3070 Bristol Pike, Suite 112 Bensalem, PA 19020 Telephone: (215) 638-4847 Facsimile: (215) 638-4867 Attorneys for Plaintiffs Dominique Durbin and Huy Tran 20 21 22 23 24 25 26 Ira M. Press Kirby McInerney LLP 825 Third Ave, 16th Floor New York, NY 10022 Telephone: (212) 317-2300 Facsimile: (212) 751-2540 Brian P. Murray Murray, Frank & Sailer LLP 275 Madison Avenue, Suite 801 New York, New York 10016 Telephone: (212) 682-1818 Facsimile: (212) 682-1892 27 Attorneys for Plaintiff Dominique Durbin 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 4 Case3:09-cv-04513-JSW Document9 1 Filed10/19/09 Page7 of 8 PURSUANT TO STIPULATION, IT IS SO ORDERED. 2 3 4 October 22 Dated: _______________, 2009 The Honorable Jeffrey S. White United States District Judge 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER EXTENDING TIME TO RESPOND TO COMPLAINTS CASE NO. 09-04208-JSW sf-2751203 5

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