Cai v. Switch, Inc. et al, No. 2:2018cv01471 - Document 137 (D. Nev. 2020)
Court Description: ORDER Granting 127 Stipulation. IT IS HEREBY ORDERED that the Scheduling Order is modified so that Defendants shall file an Opposition(s) to the Motion for Class Certification forty-five (45) days after the Court issues an order on Plaintiffs Mo tion to Withdraw and Substitute Lead Plaintiff; and IT IS FURTHER ORDERED that Plaintiff shall file a Reply in Support of the Motion for Class Certification forty-five (45) days after Defendants file an Opposition(s) to the Motion for Class Certification. Signed by Judge James C. Mahan on 4/15/2020. (Copies have been distributed pursuant to the NEF - JQC)
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Cai v. Switch, Inc. et al Doc. 137 Case 2:18-cv-01471-JCM-VCF Document 127 Filed 04/01/20 Page 1 of 6 1 2 Todd L. Bice, Esq., Bar No. 4534 TLB@pisanellibice.com Ava M. Schaefer, Esq., Bar No. 12698 AMS@pisanellibice.com 3 PISANELLI BICE PLLC 4 400 South 7th Street, Suite 300 Las Vegas, NV 89101 Telephone: 702.214.2100 Facsimile: 702.214.2101 5 6 7 8 Attorneys for Switch, Inc., Rob Roy, Gabe Nacht, Zareh Sarrafian, Donald Snyder, Tom Thomas, and Bryan Wolf 9 10 Michele D. Johnson (Admitted Pro Hac Vice) michele.johnson@lw.com Andrew R. Gray (Admitted Pro Hac Vice) andrew.gray@lw.com LATHAM & WATKINS LLP 650 Town Center Dr. Costa Mesa, CA 92626 Telephone: 714.540.1235 Facsimile: 714.755.8290 Joshua G. Hamilton (Admitted Pro Hac Vice) joshua.hamilton@lw.com LATHAM & WATKINS LLP 10250 Constellation Blvd., Suite 1100 Los Angeles, CA 90067 Telephone: 424.653.5500 Facsimile: 454.653.5501 UNITED STATES DISTRICT COURT 11 DISTRICT OF NEVADA 12 MINGBO CAI, Individually and On Behalf of 13 All Others Similarly Situated, Case No. 2:18-cv-01471-JCM-VCF 14 STIPULATION TO MODIFY SCHEDULING ORDER REGARDING CLASS CERTIFICATION BRIEFING Plaintiff, vs. 15 SWITCH, INC., ROB ROY, GABE NACHT, 16 ZAREH SARRAFIAN, DONALD SNYDER, TOM THOMAS, BRYAN WOLF, 17 GOLDMAN SACHS & CO. LLC, J.P. MORGAN SECURITIES LLC, BMO 18 CAPITAL MARKETS CORP., WELLS FARGO SECURITIES, LLC, CITIGROUP 19 GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES, JEFFERIES LLC, 20 BTIG, LLC, RAYMOND JAMES & ASSOCIATES, INC., STIFEL, NICHOLAUS 21 & COMPANY, INC., and WILLIAM BLAIR & COMPANY, L.L.C., 22 Defendants. 23 (First Request) 24 25 26 27 28 ATTOR NEY S A T LA W ORANGE COUN TY 1 Dockets.Justia.com Case 2:18-cv-01471-JCM-VCF Document 127 Filed 04/01/20 Page 2 of 6 1 Plaintiff Oscar Farach ("Plaintiff") and Defendants Switch, Inc., Rob Roy, Gabe Nacht, 2 Zareh Sarrafian, Donald Snyder, Tom Thomas, and Bryan Wolf (collectively, the “Switch 3 Defendants”), Defendants Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO 4 Capital Markets Corp., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Credit 5 Suisse Securities (USA) LLC, Jefferies LLC, BTIG, LLC, Raymond James & Associates, Inc., 6 Stifel, Nicolaus & Company, Inc., and William Blair & Company, L.L.C. (collectively, the 7 "Underwriter Defendants" and together with Switch Defendants, the “Defendants”) (Plaintiff 8 and Defendants, collectively the “Parties”), hereby stipulate and agree as follows: 9 WHEREAS, on February 14, 2020, Plaintiff filed a Motion for Class Certification and 10 Appointment of Class Representatives and Class Counsel, which sought to appoint Farach as 11 Lead Plaintiff and add additional proposed class representatives Christian Avera, Donald 12 Powell, and Timothy Wylie as Class Representatives (“Motion for Class Certification”) (ECF 13 No. 115); 14 WHEREAS in connection with Plaintiff’s Motion for Class Certification, on February 15 14, 2020 and again on February 26, 2020, counsel for Plaintiff informed counsel for Defendants 16 that, due to the proposed additions of new class representatives, Plaintiff would be amendable to 17 moving the deadline for Defendants to oppose class certification; 18 WHEREAS, on March 19, 2020, Plaintiff’s counsel acknowledged that the deadline for 19 Defendants to oppose class certification would need to be extended due to the challenges with 20 scheduling depositions as a result of the COVID-19 pandemic; 21 WHEREAS, on March 19, 2020, Plaintiff filed the Motion to (1) Withdraw Oscar 22 Farach as Lead Plaintiff, and to Withdraw Farach and Christian Avera as Proposed Class 23 Representatives; and (2) Appoint Proposed Class Representative Donald Powell as Lead 24 Plaintiff and to Add Proposed Class Representative Timothy Wylie as Named Plaintiff 25 (“Motion to Withdraw and Substitute Lead Plaintiff”) (ECF No. 121); 26 WHEREAS, on March 26, 2020 Switch Defendants filed a Motion to Stay Discovery 27 and Plaintiff’s Motion for Class Certification and Motion to Withdraw and Substitute Lead 28 ATTOR NEY S A T LA W ORANGE COUN TY 2 Case 2:18-cv-01471-JCM-VCF Document 127 Filed 04/01/20 Page 3 of 6 1 Plaintiff Pending Resolution of the Motion for Judgment on the Pleadings (“Motion to Stay”) 2 (ECF No. 124); 3 WHEREAS, Defendants’ Opposition to Plaintiff’s Motion to Withdraw and Substitute 4 Lead Plaintiff is due on April 2, 2020 and Plaintiff’s Reply in Support of the Motion to 5 Withdraw and Substitute Lead Plaintiff is due on April 9, 2020; 6 7 WHEREAS, Plaintiff’s Opposition to the Motion to Stay is due on April 9, 2020 and the Switch Defendants’ Reply in Support of the Motion to Stay is due on April 16, 2020; 8 WHEREAS, Defendants’ Opposition(s) to the Motion for Class Certification currently is 9 due to be filed on or before April 13, 2020, and Plaintiff’s Reply in Support of Motion for Class 10 Certification must be filed on or before May 27, 2020, as set forth in the Court’s Order on the 11 Joint Rule 26(f) Report (“Scheduling Order”) (ECF No. 98); 12 WHEREAS, Plaintiff's Motion to Withdraw and Substitute Lead Plaintiff and Switch 13 Defendants’ Motion to Stay render any further briefing on the Motion for Class Certification 14 premature at the present time; 15 WHEREAS, the Parties are discussing the scheduling and scope of the discovery 16 necessary for Defendants to respond to the Motion for Class Certification, including depositions 17 of the proposed additional class representatives identified in the Motion to Withdraw and 18 Substitute Lead Plaintiff, which is dependent on the Court’s rulings on Plaintiff’s Motion to 19 Withdraw and Substitute Lead Plaintiff; 20 21 WHEREAS, this is the Parties’ first stipulation regarding the Motion for Class Certification; 22 NOW, THEREFORE, for good cause shown, the Parties hereby stipulate that the 23 Scheduling Order is modified so that Defendants shall file an Opposition(s) to the Motion for 24 Class Certification forty-five (45) days after the Court issues an order on Plaintiff’s Motion to 25 Withdraw and Substitute Lead Plaintiff and Plaintiff shall file a Reply in Support of the Motion 26 for Class Certification forty-five (45) days after Defendants file an Opposition(s) to the Motion 27 for Class Certification, leaving all other dates in the Scheduling Order unchanged. Nothing 28 ATTOR NEY S A T LA W ORANGE COUN TY 3 Case 2:18-cv-01471-JCM-VCF Document 127 Filed 04/01/20 Page 4 of 6 1 herein is intended to modify the Parties’ positions or rights with respect to motions currently 2 pending before the Court. 3 4 5 6 7 8 9 10 11 12 13 14 15 IT IS SO AGREED AND STIPULATED. Dated: April 1, 2020 PISANELLI BICE PLLC By: /s/ Todd L. Bice Todd L. Bice, Bar No. 4534 Ava M. Schaefer, Esq., Bar No. 12698 400 South 7th Street, Suite 300 Las Vegas, NV 89101 Michele D. Johnson (Admitted Pro Hac Vice) Andrew R. Gray (Admitted Pro Hac Vice) LATHAM & WATKINS LLP 650 Town Center Dr. Costa Mesa, CA 92626 Joshua G. Hamilton (Admitted Pro Hac Vice) LATHAM & WATKINS LLP 10250 Constellation Blvd., Suite 1100 Los Angeles, CA 90067 Attorneys for Defendants Switch, Inc., Rob Roy, Gabriel Nacht, Zareh Sarrafian, Donald Snyder, Tom Thomas, and Bryan Wolf 16 17 18 19 20 21 22 23 24 25 26 27 28 ATTOR NEY S A T LA W ORANGE COUN TY 4 Case 2:18-cv-01471-JCM-VCF Document 127 Filed 04/01/20 Page 5 of 6 1 Dated: April 1, 2020 2 GLANCY PRONGAY & MURRAY LLP 7 By: /s/ Leanne H. Solish Kara M. Wolke (Admitted Pro Hac Vice) Leanne H. Solish (Admitted Pro Hac Vice) 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Telephone: (310) 201-9150 Facsimile: (310) 201-9160 Email: kwolke@glancylaw.com lsolish@glancylaw.com 8 Lead Counsel for Lead Plaintiff 9 MUEHLBAUER LAW OFFICE, LTD. Andrew R. Muehlbauer, Esq. 7915 West Sahara Ave., Suite 104 Las Vegas, Nevada 89117 Telephone.: (702) 330-4505 Facsimile: (702) 825-0141 Email: Andrew@mlolegal.com 3 4 5 6 10 11 12 13 Liaison Counsel for Lead Plaintiff 14 15 16 17 18 19 20 21 22 23 24 Dated: April 1, 2020 GREENBERG TRAURIG LLP By: /s/ Christopher R. Miltenberger Mark E. Ferrario, Bar No. 1625 Christopher R. Miltenberger, Bar No. 10153 10845 Griffith Peak Drive, Suite 600 Las Vegas, NV 89135 Greenberg Traurig LLP Daniel J. Tyukody (Admitted Pro Hac Vice) 1840 Century Park East, Suite 1900 Los Angeles, CA 90067-2121 Attorneys for Defendants Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC, BMO Capital Markets Corp., Wells Fargo Securities, LLC, Citigroup Global Markets Inc., Credit Suisse Securities, Jefferies LLC, BTIG, LLC, Raymond James & Associates, Inc., Stifel, Nicolaus & Company, Inc., and William Blair & Company, LLC 25 26 27 28 ATTOR NEY S A T LA W ORANGE COUN TY 5 Case 2:18-cv-01471-JCM-VCF Document 127 Filed 04/01/20 Page 6 of 6 1 ORDER 2 Based on the foregoing and good cause appearing therefor, 3 IT IS HEREBY ORDERED that the Scheduling Order is modified so that Defendants 4 shall file an Opposition(s) to the Motion for Class Certification forty-five (45) days after the 5 Court issues an order on Plaintiff’s Motion to Withdraw and Substitute Lead Plaintiff; and 6 IT IS FURTHER ORDERED that Plaintiff shall file a Reply in Support of the Motion 7 for Class Certification forty-five (45) days after Defendants file an Opposition(s) to the Motion 8 for Class Certification. 9 10 IT IS SO ORDERED: 11 12 13 14 15 ___________________________________ UNITED STATES DISTRICT JUDGE April 15, 2020 DATED: _____________________ 16 17 18 19 20 21 22 23 24 25 26 27 28 ATTOR NEY S A T LA W ORANGE COUN TY 6
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