The Reckstin Family Trust v. C3.ai, Inc. et al, No. 4:2022cv01413 - Document 131 (N.D. Cal. 2023)
Court Description: ORDER GRANTING 130 STIPULATION to Continue Hearing on Motions to Dismiss.Reset Hearings as to Docket Nos. 113 , 109 , and 105 : Motion Hearing set for 11/2/2023 02:00 PM in Oakland, Courtroom 2, 4th Floor before Judge Haywood S. Gilliam Jr. Signed by Judge Haywood S. Gilliam, Jr. on 8/10/2023. (ndr, COURT STAFF) (Filed on 8/10/2023)
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The Reckstin Family Trust v. C3.ai, Inc. et al 1 2 3 4 5 6 7 8 9 10 11 Doc. 131 Reed R. Kathrein (139304) Lucas E. Gilmore (250893) HAGENS BERMAN SOBOL SHAPIRO LLP 715 Hearst Ave., Suite 202 Berkeley, CA 94710 Telephone: (510) 725-3000 56+95 Facsimile: (510) 725-3001 reed@hbsslaw.com lucasg@hbsslaw.com Steve W. Berman (pro hac vice) Catherine Y.N. Gannon (pro hac vice) HAGENS BERMAN SOBOL SHAPIRO LLP 1301 Second Avenue, Suite 2000 Seattle, WA 98101 Telephone: (206) 623-7292 Facsimile: (206) 623-0594 steve@hbsslaw.com catherineg@hbsslaw.com 12 Lead Counsel and Counsel for Lead Plaintiff Mark Samarghandi 13 [Additional counsel on signature page] 14 UNITED STATES DISTRICT COURT 15 16 17 18 NORTHERN DISTRICT OF CALIFORNIA THE RECKSTIN FAMILY TRUST, et al., individually and on behalf of all others similarly situated, Plaintiff, 19 20 21 22 v. No. 4:22-cv-01413-HSG CLASS ACTION STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS C3.AI, INC., et al., Defendants. 23 24 25 26 27 28 STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS Case No. 4:22-cv-01413-HSG Dockets.Justia.com 1 Pursuant to Civil Local Rules 6-1(b), 6-2, and 7-7, Lead Plaintiff Mark Samarghandi (“Lead 2 Plaintiff”), and Defendants C3, Inc. (“C3”), Thomas M. Siebel, Edward Y. Abbo, David Barter, and 3 Lorenzo Simonelli (together, the “C3 Defendants”), and Baker Hughes Company (“Baker Hughes” 4 and, together with the C3 Defendants, the “Defendants”), hereby agree and stipulate, through their 5 respective counsel of record, that good cause exists to request an order from the Court continuing the 6 hearing on Defendants’ Motions to Dismiss, as follows: 7 WHEREAS, on January 10, 2023, the Court entered a stipulation and order setting deadlines 8 for Plaintiffs’ Amended Class Action Complaint, Defendants’ motions to dismiss, Plaintiffs’ 9 opposition thereto, and Defendants’ replies (ECF No. 68); 10 WHEREAS, on February 15, 2023, Lead Plaintiff Mark Samarghandi filed an Amended Class 11 Action Complaint (ECF No. 71) alleging violations of the Securities Act of 1933 and the Securities 12 Exchange Act of 1934 against corporate defendants C3, Inc. and Baker Hughes Company, and 13 individual defendants Thomas M. Siebel, Edward Y. Abbo, David Barter, and Lorenzo Simonelli; and 14 violations of the Securities Act of 1933 against underwriter defendants Morgan Stanley & Co. LLC, 15 J.P. Morgan Securities LLC, BofA Securities, Inc., Deutsche Bank Securities, Inc., Canaccord Genuity 16 LLC, JMP Securities LLC, KeyBanc Capital Markets Inc., Needham & Company, LLC, Piper Sandler 17 & Co., and Wedbush Securities Inc. (the “Underwriter Defendants”). 18 WHEREAS, on April 11, 2023, the Court entered a stipulation and order extending time for 19 Defendants’ motions to dismiss, Plaintiffs’ opposition thereto, and Defendants’ replies (ECF No. 100); 20 WHEREAS, on May 1, 2023, the C3 Defendants, Baker Hughes, and the Underwriter 21 Defendants filed motions to dismiss the Amended Class Action Complaint. See ECF Nos. 105, 109, 22 113; 23 WHEREAS, on June 30, 2023, Plaintiffs and the Underwriter Defendants filed a Stipulation of 24 Voluntary Dismissal with Prejudice dismissing their claims against the Underwriter Defendants (ECF 25 No. 118); 26 27 WHEREAS, on June 30, 2023, Plaintiffs filed an omnibus opposition responding to the C3 Defendants’ and Baker Hughes’ Motions to Dismiss (ECF No. 119); 28 STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS – 1 Case No. 4:22-cv-01413-HSG 1 2 WHEREAS, a hearing on Defendants’ motions to dismiss was originally noted for August 17, 2023, at 2:00 p.m. (see ECF Nos. 105, 109, 113); 3 4 WHEREAS, pursuant to the Clerk’s Notice, the hearing on Defendants’ motions to dismiss was continued to August 24, 2023, at 2:00 p.m. (ECF No. 126); 5 WHEREAS, counsel for Plaintiffs are unavailable to attend the hearing on the continued date 6 due to a longstanding work-related commitment taking place out-of-state between August 23 and 7 August 25, 2023; 8 WHEREAS, all parties consent to the requested relief; 9 IT IS ACCORDINGLY STIPULATED AND AGREED, by and between the undersigned 10 counsel for the parties, subject to Court approval, that: 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 1. The hearing on Defendants’ Motions to Dismiss is hereby continued to November 2, 2023. IT IS SO STIPULATED. DATED: August 8, 2023 Respectfully submitted, /s/ Reed R. Kathrein Reed R. Kathrein (SBN 139304) Lucas E. Gilmore (SBN 250893) HAGENS BERMAN SOBOL SHAPIRO LLP 715 Hearst Avenue, Suite 300 Berkeley, CA 94710 Telephone: (510) 725-3000 Facsimile: (510) 725-3001 reed@hbsslaw.com lucasg@hbsslaw.com Steve W. Berman (pro hac vice) Catherine Y.N. Gannon (pro hac vice) HAGENS BERMAN SOBOL SHAPIRO LLP 1301 Second Avenue, Suite 2000 Seattle, WA 98101 Telephone: (206) 623-7292 Facsimile: (206) 623-0594 steve@hbsslaw.com catherineg@hbsslaw.com Lead Counsel and Counsel for Lead Plaintiff Mark Samarghandi Laurence M. Rosen, Esq. (SBN 219683) 355 S. Grand Avenue, Suite 2450 THE ROSEN LAW FIRM, P.A. STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS – 2 Case No. 4:22-cv-01413-HSG 1 Los Angeles, CA 90071 Telephone: (213) 785-2610 Facsimile: (213) 226-4684 lrosen@rosenlegal.com 2 3 Jonathan Stern (pro hac vice application forthcoming) THE ROSEN LAW FIRM, P.A. 275 Madison Ave., 40th Floor New York, NY 10016 Telephone: (212) 686-1060 Facsimile: (212) 202-3827 jstern@rosenlegal.com 4 5 6 7 Counsel for Additional Plaintiffs Sharon L. Zavalanski, David Linder, and Elizabeth Wensel 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 DATED: August 8, 2023 Respectfully submitted, /s/ Harry A. Olivar, Jr. Harry A. Olivar, Jr. (SBN 143089) QUINN EMANUEL URQUHART & SULLIVAN, LLP 865 S. Figueroa Street, 10th Floor Los Angeles, CA 90017 Telephone: (213) 443-3000 harryolivar@quinnemanuel.com David Edward Myre, III (SBN 304600) QUINN EMANUEL URQUHART & SULLIVAN, LLP 555 Twin Dolphin Dr., 5th Floor Redwood Shores, CA 94065 Telephone: (650) 801-5000 davidmyre@quinnemanuel.com Jacob J. Waldman (pro hac vice) Leigha Empson (pro hac vice) Jesse A. Bernstein (pro hac vice) Michael B. Carlinsky (pro hac vice) QUINN EMANUEL URQUHART & SULLIVAN, LLP 51 Madison Avenue, 22nd Floor New York, NY 10010 Telephone: (212) 849-7173 jacobwaldman@quinnemanuel.com leighaempson@quinnemanuel.com jessebernstein@quinnemanuel.com michaelcarlinsky@quinnemanuel.com Counsel for Defendants C3, Inc., Thomas M. Siebel, Edward Y. Abbo, David Barter, and Lorenzo Simonelli 26 27 28 STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS – 3 Case No. 4:22-cv-01413-HSG 1 2 3 4 5 6 7 8 9 10 11 DATED: August 8, 2023 Respectfully submitted, /s/ Jessica Valenzuela Jessica Valenzuela (SBN 220934) GIBSON, DUNN & CRUTCHER LLP 1881 Page Mill Road Palo Alto, CA 94304 Telephone: (650) 849-5300 Facsimile: (650) 849-5333 JValenzuela@gibsondunn.com George B. Adams (SBN 321904)\ GIBSON, DUNN & CRUTCHER LLP 555 Mission Street San Francisco, CA 94105 Telephone: (415) 393-8200 Facsimile: (415) 393-8306 GAdams@gibsondunn.com Counsel for Defendant Baker Hughes Company 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS – 4 Case No. 4:22-cv-01413-HSG ATTESTATION PURSUANT TO CIVIL L.R. 5-1(h)(3) 1 2 I, Reed R. Kathrein, am the ECF User whose identification and password are being used to file 3 the foregoing document. In compliance with Civil Local Rule 5-1(h)(3), I hereby attest that all 4 signatories have concurred in this filing. 5 DATED: August 8, 2023 6 By: /s/ Reed R. Kathrein REED R. KATHREIN (139304) 7 8 9 10 11 12 13 ORDER GRANTING STIPULATION PURSUANT TO STIPULATION, IT IS SO ORDERED. DATED: 8/10/2023 HON. HAYWOOD S. GILLIAM, JR. United States District Judge 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND ORDER TO CONTINUE HEARING ON MOTIONS TO DISMISS – 5 Case No. 4:22-cv-01413-HSG
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