Destefano v. Zynga, Inc. et al, No. 3:2012cv04007 - Document 30 (N.D. Cal. 2012)

Court Description: ORDER GRANTING MOTION TO CONSOLIDATE 3:12-CV-4007 JSW, 3:12-cv-04133-JSW, 3:12-cv-04064-JSW, 3:12-cv-04048-JSW, 3:12-cv-04059-JSW, 3:12-cv-04066-JSW and 3:12-cv-04250-JSW AND DEFERRING DEFENDANTS' DEADLINES TO RESPOND. Signed by Judge Jeffrey S. White on 9/26/12. (jjoS, COURT STAFF) (Filed on 9/26/2012)

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Destefano v. Zynga, Inc. et al Doc. 30 Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page1 of 10 1 2 3 4 5 6 7 8 9 10 JORDAN ETH (BAR NO. 121617) Email: JEth@mofo.com ANNA ERICKSON WHITE (BAR NO. 161385) Email: AWhite@mofo.com PHILIP T. BESIROF Email: PBesirof@mofo.com (BAR NO. 185053) MARK R.S. FOSTER Email: MFoster@mofo.com (BAR NO. 223682) MORRISON & FOERSTER LLP 425 Market Street San Francisco, California 94105-2482 Telephone: 415.268.7000 Facsimile: 415.268.7522 Attorneys for Defendants ZYNGA INC., MARK PINCUS, DAVID M. WEHNER, JOHN SCHAPPERT, MARK VRANESH, REGINALD D. DAVIS, CADIR B. LEE, WILLIAM GORDON, REID HOFFMAN, JEFFREY KATZENBERG, STANLEY J. MERESMAN, SUNIL PAUL, and OWEN VAN NATTA 11 12 UNITED STATES DISTRICT COURT 13 NORTHERN DISTRICT OF CALIFORNIA 14 15 MARK H. DESTEFANO, Individually, and On behalf of All Others Similarly Situated, Case No. 12-cv-4007-JSW CLASS ACTION 16 Plaintiff, 17 v. 18 19 20 21 22 23 24 25 26 ZYNGA, INC., MARK PINCUS, DAVID M. WEHNER, JOHN SCHAPPERT, MARK VRANESH, REGINALD D. DAVIS, CADIR B. LEE, WILLIAM GORDON, REID HOFFMAN, JEFFREY KATZENBERG, STANLEY J. MERESMAN, SUNIL PAUL, OWEN VAN NATTA, MORGAN STANLEY & CO., LLC, GOLDMAN, SACHS & CO., J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., and ALLEN & COMPANY LLC, STIPULATON AND [PROPOSED] ORDER CONSOLIDATING RELATED ACTIONS AND DEFERRING DEFENDANTS’ DEADLINES TO RESPOND Judge: Hon. Jeffrey S. White Complaint Filed: July 30, 2012 Trial Date: None Set Defendants. [Caption continues on following page.] 27 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 Dockets.Justia.com Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page2 of 10 1 2 JOHN CAMPUS, Individually, and On Behalf Of All Others Similarly Situated, 5 6 RELATED CASE v. ZYNGA INC., MARK PINCUS, DAVID M. WEHNER, MARK VRANESH, and JOHN C. SCHAPPERT, Judge: Complaint Filed: Trial Date: Jeffrey S. White Aug 1, 2012 None Set Defendants. 7 8 12-cv-4048-JSW Plaintiff, 3 4 Case No. STEVEN T. DIEMAND, Individually, and On Behalf Of All Others Similarly Situated, 9 Case No. 12-cv-4059-JSW RELATED CASE Plaintiff, 10 v. 11 12 ZYNGA INC., MARK PINCUS, REGINALD D. DAVIS, JEFF KARP, JOHN SCHAPPERT, and DAVID M. WEHNER, Judge: Complaint Filed: Trial Date: Jeffrey S. White Aug 1, 2012 None Set 13 Defendants. 14 15 16 JAKE PHILLIPS, Individually, and On Behalf Of All Others Similarly Situated, 19 12-cv-4064-JSW RELATED CASE Plaintiff, 17 18 Case No. v. ZYNGA, INC., MARK PINCUS, DAVID M. WEHNER, and JOHN SCHAPPERT, 20 Judge: Complaint Filed: Trial Date: Jeffrey S. White Aug 1, 2012 None Set Defendants. 21 22 WILLIAM B. WALKER, Individually, and On Behalf Of All Others Similarly Situated, 25 26 27 12-cv-4066-JSW RELATED CASE 23 24 Case No. Plaintiff, v. ZYNGA, INC., MARK PINCUS, DAVID M. WEHNER, and JOHN SCHAPPERT, Judge: Complaint Filed: Trial Date: Jeffrey S. White Aug 2, 2012 None Set Defendants. 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 ii Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page3 of 10 1 2 IRA GAINES, Individually, and On Behalf Of All Others Similarly Situated, 5 6 7 8 RELATED CASE v. ZYNGA INC., MARK PINCUS, DAVID M. WEHNER, JOHN SCHAPPERT, MARK VRANESH, REGINALD D. DAVIS, CADIR B. LEE, WILLIAM GORDON, REID HOFFMAN, JEFFREY KATZENBERG, STANLEY J. MERESMAN, SUNIL PAUL, and OWEN VAN NATTA, Judge: Complaint Filed: Trial Date: Jeffrey S. White Aug 6, 2012 None Set Defendants. 9 10 12-cv-4133-SBA Plaintiff, 3 4 Case No. HOOMAN MOAYYED, Individually, and On Behalf Of All Others Similarly Situated, 11 Case No. 12-cv-4250-JSW RELATED CASE Plaintiff, 12 v. 13 14 15 ZYNGA, INC., MARK PINCUS, DAVID M. WEHNER, and JOHN SCHAPPERT, Defendants. Judge: Complaint Filed: Jeffrey S. White Aug 13, 2012 Trial Date: None Set 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 iii Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page4 of 10 1 All parties, through their undersigned counsel, hereby submit this Stipulation and 2 [Proposed] Order consolidating related actions and deferring Defendants’ deadlines to respond to 3 the complaints. 4 RECITALS 5 A. Between July 30 and August 13, 2012, the above-captioned class actions (the 6 “Related Actions”) were filed in this Court. The Related Actions allege violations of the federal 7 securities laws by Zynga Inc., certain of its directors, officers, and executives, as well as 8 underwriters of Zynga’s initial and secondary public offerings of stock on the NASDAQ 9 exchange market. 10 B. 11 On August 30, 2012, the parties filed a Joint Administrative Motion to Relate Actions. (Doc. 24.) 12 C. On September 17, 2012, the Court issued an order relating the actions. (Doc. 27.) 13 D. The Related Actions cases are governed by the Private Securities Litigation 14 Reform Act of 1995 (the “Reform Act”). 15 16 E. The Reform Act requires courts to address consolidation of related actions before appointing a lead plaintiff and lead counsel. See 15 U.S.C. §§ 77z-1(a)(3)(B), 78u-4(a)(3)(B). 17 F. 18 October 1, 2012. 19 G. Motions for appointment of lead plaintiff and lead counsel are due on The parties believe that the actions should be consolidated pursuant to Federal 20 Rule of Civil Procedure 42(a) because they involve common questions of law and fact, and 21 substantially the same parties, events, and claims under the federal securities laws. 22 23 H. the interests of judicial economy and avoid the potential for conflicting rulings. 24 25 26 27 The parties further believe that consolidation of the Related Actions would serve THEREFORE, IT IS HEREBY STIPULATED AND AGREED AS FOLLOWS: I. CONSOLIDATION 1. The parties agree that the following actions should be consolidated for all purposes, including pre-trial proceedings and trial: 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 1 Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page5 of 10 1 ABBREVIATED CASE NAME CASE NUMBER DATE FILED 2 Destafano v. Zynga, Inc., et al. Campus v. Zynga Inc., et al. Diemand v. Zynga Inc., et al. Phillips v. Zynga, Inc., et al. Walker v. Zynga, Inc., et al. Gaines v. Zynga Inc., et al. Moayyed v. Zynga, Inc., et al. 12-CV-4007-JSW 12-CV-4048-JSW 12-CV-4059-JSW 12-CV-4064-JSW 12-CV-4066-JSW 12-CV-4133-JSW 12-CV-4250-JSW July 30, 2012 August 1, 2012 August 1, 2012 August 1, 2012 August 2, 2012 August 6, 2012 August 13, 2012 3 4 5 6 7 8 9 2. Every pleading filed in the consolidated action, or in any separate action included herein, shall bear the following caption: 10 11 UNITED STATES DISTRICT COURT 12 NORTHERN DISTRICT OF CALIFORNIA 13 14 IN RE ZYNGA INC. SECURITIES LITIGATION 15 16 17 This Document Relates To: All Actions. 18 19 20 21 22 23 3. ) ) ) ) ) ) ) ) ) ) ) ) ) ) CLASS ACTION Lead Case No. 12-cv-04007-JSW Consolidated with Case Nos. 12-CV-4048-JSW 12-CV-4059-JSW 12-CV-4064-JSW 12-CV-4066-JSW 12-CV-4133-JSW 12-CV-4250-JSW The files of the consolidated action shall be maintained in one file under Lead Case No. 12-cv-04007-JSW. 4. This Order shall apply to each case, arising out of the same or substantially the 24 same transactions or events as these cases, which is subsequently filed in or deemed related to the 25 existing Related Actions. 26 27 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 2 Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page6 of 10 1 2 II. RESPONSE DEADLINE DEFERRED 5. Defendants shall have no obligation to answer or otherwise respond to any of the 3 complaints filed in the Related Actions or any subsequently related action until after the Court 4 appoints a lead plaintiff and lead counsel for the consolidated actions pursuant to the provisions 5 of the Reform Act. 6 6. Defendants will meet and confer with the court-appointed lead counsel within 7 fourteen days after the Court makes its appointment to discuss a schedule for the filing of a 8 consolidated amended complaint and Defendants’ response, including their currently anticipated 9 motions to dismiss. 10 11 12 13 Dated: September 25, 2012 JORDAN ETH ANNA ERICKSON WHITE PHILIP T. BESIROF MARK R.S. FOSTER MORRISON & FOERSTER LLP By: 14 15 Attorneys for Defendants ZYNGA INC., MARK PINCUS, DAVID M. WEHNER, JOHN SCHAPPERT, MARK VRANESH, REGINALD D. DAVIS, CADIR B. LEE, WILLIAM GORDON, REID HOFFMAN, JEFFREY KATZENBERG, STANLEY J. MERESMAN, SUNIL PAUL, and OWEN VAN NATTA 16 17 18 19 20 21 22 23 24 25 26 27 /s/ Anna Erickson White JORDAN ETH BRUCE ANGIOLILLO SIMONA G. STRAUSS SIMPSON THACHER & BARTLETT LLP By: /s/ Simona G. Strauss SIMONA G. STRAUSS Attorneys for Defendants MORGAN STANLEY & CO., LLC, GOLDMAN, SACHS & CO., J.P. MORGAN SECURITIES LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, BARCLAYS CAPITAL INC., and ALLEN & COMPANY LLC 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 3 Case3:12-cv-04007-JSW Document29 Filed09/25/12 Page9 of 10 1 SHAWN A. WILLIAMS DARREN J. ROBBINS DAVID C. WALTON ROBBINS GELLER RUDMAN & DOWD LLP 2 3 and 4 ALFRED G. YATES, J.R. LAW OFFICE OF ALFRED G. YATES, J.R. P.C. 5 6 By: 7 8 /s/ Shawn A. Williams SHAWN A. WILLIAMS Attorneys for Plaintiff Hooman Moayyed 9 10 [PROPOSED] ORDER 11 12 Pursuant to stipulation, it is SO ORDERED. 13 14 By: 15 THE HONORABLE JEFFREY S. WHITE United States District Judge 16 17 September 26, Dated: _________________2012 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER CONSOLIDATING CASES AND DEFERRING RESPONSES Case No. 3:12-cv-04007-JSW sf-3184277 6

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