Ferris et al v. Wynn Resorts Limited et al, No. 2:2018cv00479 - Document 23 (D. Nev. 2018)

Court Description: ORDER Granting 21 Stipulation for Extension of Time re: 1 Complaint and Case Management Conference (First Request). Signed by Magistrate Judge Carl W. Hoffman on 4/2/2018. (Copies have been distributed pursuant to the NEF - SLD)

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Ferris et al v. Wynn Resorts Limited et al 1 Doc. 23 7 Patrick G. Byrne (Nevada Bar #7636) Alex L. Fugazzi (Nevada Bar #9022) V.R. Bohman (Nevada Bar #13075) SNELL & WILMER L.L.P. 3883 Howard Hughes Parkway, Suite 1100 Las Vegas, Nevada 89169 Telephone: 702.784.5200 Facsimile: 702.784.5252 Email: afugazzi@swlaw.com pbyrne@swlaw.com vbohman@swlaw.com 8 Additional Counsel on Signature Block 9 Counsel for Wynn Resorts Limited, Craig Scott Billings, and Matthew O. Maddox and on behalf of Stephen Cootey 2 3 4 5 6 10 11 12 UNITED STATES DISTRICT COURT 13 DISTRICT OF NEVADA 14 15 JOHN V. FERRIS and JOANN M. FERRIS, Individually and on Behalf of All Others Similarly Situated, 16 17 18 19 20 Plaintiffs, v. WYNN RESORTS LIMITED, STEPHEN A. WYNN, CRAIG SCOTT BILLINGS, STEPHEN COOTEY, and MATTHEW O. MADDOX, Defendants. 21 22 23 ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) Case No. 2:18-CV-00479-GMN-CWH The Honorable Gloria M. Navarro STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES (FIRST REQUEST) 24 25 26 27 28 {00274411;1 } STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES Dockets.Justia.com 1 2 3 This Stipulation is entered into by and among the parties to this action. WHEREAS, on February 20, 2018, Plaintiffs John V. Ferris and Joann M. Ferris (“Plaintiffs”), individually and on behalf of all other similarly situated, filed a putative class action captioned Ferris v. 4 Wynn, et al., No. 18-cv-00479-GMN-CWH against Defendants Wynn Resorts Limited, Stephen A. 5 6 Wynn, Craig Scott Billings, Stephen Cootey, and Matthew O. Maddox, (collectively, “Defendants” and 7 with the Plaintiffs, the “Parties”) alleging violations of Sections 10(b) and 20(a) of the Securities 8 Exchange Act of 1934, 15 U.S.C. § 78a et seq., and Rule 10b-5, 17 C.F.R. 240 promulgated thereunder; 9 WHEREAS, the Complaint asserts claims under the federal securities laws that are subject to the 10 Private Securities Litigation Reform Act of 1995, Pub. L. No. 104-67, 109 Stat. 737 (1995) (“PSLRA”), 11 which sets forth specialized procedures for the administration of securities class actions, including a 12 specific process for the appointment of a lead plaintiff and lead counsel to represent the putative class; 13 14 WHEREAS, lead plaintiff and lead counsel have not yet been appointed pursuant to Section 21D 15 of the Exchange Act, 15 U.S.C. § 78u-4. The deadline to move for appointment as lead plaintiff is April 16 28, 2018; 17 WHEREAS, once selected, the lead plaintiff will then appoint a lead counsel, subject to the 18 Court’s approval, § 78u-4(a)(3)(B)(v), and identify an operative complaint or file an amended complaint 19 that becomes the operative complaint; 20 WHEREAS, the Parties agree that in the interests of judicial economy, conservation of time and 21 resources, and orderly management of this action, no response to any pleading in this action by any 22 Defendant should occur until after (i) a lead plaintiff and lead counsel are appointed by the Court 23 pursuant to the PSLRA, and (ii) such lead plaintiff serves an operative complaint; 24 25 WHEREAS, the Parties hereby stipulate and agree, and respectfully request the Court to order, as follows: 26 1. Within 14 days of an order by the Court appointing lead plaintiff(s) and lead counsel, Defendants 27 and any lead plaintiff(s) appointed by the Court shall, through their respective counsel, confer and 28 {00274411;1 } -1- STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES 1 jointly submit a proposed schedule for the filing of any amended complaint and for the filing of a 2 responsive pleading, including a briefing schedule with respect to any anticipated motions to dismiss; 3 2. Defendants shall not be required to answer, move, or otherwise substantively respond to the 4 Complaint or any amended complaint until the date agreed upon by the Parties in the proposed schedule 5 described in paragraph 1 above, if approved by the Court, or until such other further order by the Court. 6 7 3. The deadline of April 14, 2018 for the Joint Status Report is adjourned until such time after entry of an order appointing a lead plaintiff and lead counsel for the class that is convenient for the Court. 8 4. Nothing in this Stipulation is intended in any way to waive or affect any rights, claims, defenses, 9 objections or arguments that any party may have with respect to any matter, other than those expressly 10 addressed and agreed in paragraph 1 through 3 above. 11 12 13 IT IS SO ORDERED. April 2, 2018 DATED: ________________ 14 UNITED STATES MAGISTRATE JUDGE 15 16 17 18 19 20 21 22 23 24 25 26 27 28 {00274411;1 } -2- STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES 1 DATED: March 30, 2018 SNELL & WILMER L.L.P. 2 3 /s/ Alex L. Fugazzi Alex L. Fugazzi (Nevada Bar #9022) Patrick G. Byrne (Nevada Bar #007636) V.R. Bohman (Nevada Bar #13075) 3883 Howard Hughes Parkway, Suite 1100 Las Vegas, Nevada 89169 Telephone: 702.784.5200 Facsimile: 702.784.5252 Email: afugazzi@swlaw.com pbyrne@swlaw.com vbohmans@swlaw.com 4 5 6 7 8 9 10 Mark Holscher (Pro Hac Vice to be filed) Michael J. Shipley (Pro Hac Vice to be filed) Kirkland & Ellis LLP 333 South Hope Street Los Angeles, California 90071 Telephone: 213.680.8190 Facsimile: 213.808.8097 Email: mark.holscher@kirkland.com michael.shipley@kirkland.com 11 12 13 14 15 Matthew Solum (Pro Hac Vice to be filed) Kirkland & Ellis LLP 601 Lexington Avenue New York, New York 10022-4611 Telephone: 212.446.4688 Facsimile: 212.446.4900 Email: matthew.solum@kirkland.com 16 17 18 19 20 Counsel for Wynn Resorts Limited, Craig Scott Billings, and Matthew O. Maddox and on behalf of Stephen Cootey 21 22 23 24 25 26 27 28 {00274411;1 } -3- STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES 1 DATED: March 30, 2018 MUEHLBAUER LAW OFFICE, LTD. 2 /s/ J. Alexander Hood Andrew R. Muehlbauer (Nevada Bar #10161) 7915 West Sahara Avenue, Suite 104 Las Vegas, Nevada 89117 Telephone: 702.330.4505 Facsimile: 702.825.0141 Email: andrew@mlolegal.com 3 4 5 6 7 POMERANTZ LLP Jeremy A. Lieberman J. Alexander Hood II 600 Third Avenue, 20th Floor New York, New York 10016 Telephone: 212-661-1100 Facsimile: 212-661-8665 jalieberman@pomlaw.com ahood@pomlaw.com 8 9 10 11 12 Counsel for John V. and Joann JoAnn M. Ferris 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 {00274411;1 } -4- STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES 1 DATED: March 30, 2018 CAMPBELL & WILLIAMS 2 3 /s/ Colleen C. Smith J. Colby Williams, Esq. 700 South Seventh Street Las Vegas, Nevada 89101 Telephone: 702.382.5222 Facsimile: 702.382.0540 Email: jcw@cwlawlv.com 4 5 6 7 Michele D. Johnson (pro hac vice to be filed) LATHAM & WATKINS LLP 650 Town Center Drive, 20th Floor Costa Mesa, California 92626 Telephone: (714) 540-1235 Facsimile: (714) 755-8290 Email: michele.johnson@lw.com 8 9 10 11 12 Colleen C. Smith (pro hac vice to be filed) LATHAM & WATKINS LLP 12670 High Bluff Drive San Diego, California 92130 Telephone: (858) 523-3985 Facsimile: (858) 523-5450 Email: colleen.smith@lw.com 13 14 15 16 Counsel for Stephen A. Wynn 17 18 4832-8399-0880 19 20 21 22 23 24 25 26 27 28 {00274411;1 } -5- STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES

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