Jawandha v. Athira Pharma Inc et al, No. 2:2021cv00862 - Document 13 (W.D. Wash. 2021)
Court Description: ORDER granting Parties' 12 Stipulated Motion to Extend Time to Respond to the Complaint and Adjourn Status Conference. Within fourteen (14) days of the Court's Order for the appointment of Lead Plaintiff and approval of Lead Counsel, pursuant to 15 U.S.C. § 77z-1(a)(3)(B), Lead Plaintiff and the Defendants shall meet and confer and submit a schedule for the filing of a consolidated complaint or designation of an operative complaint, and a briefing schedule for Defendants' anticipated motion(s) to dismiss. The October 12, 2021 status conference as set forth in the Status Order is adjourned for the time being. Signed by U.S. District Judge John C. Coughenour.(SR)
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Jawandha v. Athira Pharma Inc et al Doc. 13 Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 1 of 7 1 THE HONORABLE JOHN C. COUGHENOUR 2 3 4 5 6 7 UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON AT SEATTLE 8 9 10 HARSHDEEP JAWANDHA, Individually and On Behalf of All Others Similarly Situated, 11 12 13 14 15 16 17 18 19 Plaintiff, v. ATHIRA PHARMA, INC., DR. LEEN KAWAS, GLENNA MILESON, TADATAKA YAMADA, JOSEPH EDELMAN, JOHN M. FLUKE, JR., JAMES A. JOHNSON, GOLDMAN SACHS & CO. LLC, JEFFERIES LLC, STIFEL, NICOLAUS & COMPANY, INCORPORATED, and JMP SECURITIES LLC, CASE NO.: 2:21-cv-00862-JCC STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT AND ADJOURN STATUS CONFERENCE NOTE ON MOTION CALENDAR: July 29, 2021 Defendants. 20 21 22 23 24 25 26 27 STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699 Dockets.Justia.com Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 2 of 7 STIPULATION 1 2 In accordance with Local Civil Rules 7(d)(1) and 10(g), Plaintiff Harshdeep Jawandha 3 (“Plaintiff”), individually and on behalf of all others similarly situated, Defendants Athira Pharma, 4 Inc. (“Athira”), Glenna Mileson, Tadataka Yamada, Joseph Edelman, John M. Fluke, Jr., James 5 A. Johnson, and Leen Kawas (the “Individual Defendants,” and with Athira, the “Athira 6 Defendants”) and Defendants Goldman Sachs & Co. LLC, Jefferies LLC, Stifel, Nicolaus & 7 Company, Incorporated, and JMP Securities LLC (the “Underwriter Defendants,” and with the 8 Athira Defendants, the “Defendants”), by and through their undersigned counsel, submit the 9 following Stipulation and ask the Court to enter an order consistent with this Stipulation: 10 1. WHEREAS, on June 25, 2021, Plaintiff, individually and on behalf of all others 11 similarly situated, filed a Class Action Complaint for Violations of the Federal Securities Laws 12 against the Defendants in the above-captioned matter (the “Complaint”); 13 2. WHEREAS, on June 25, 2021, two substantially similar Class Action Complaints 14 for Violations of the Federal Securities Laws were filed in this District: one against Athira and 15 Leen Kawas by plaintiffs Fan Wang and Hang Gao, No. 2:21-cv-00861-TSZ (the “Wang Action”), 16 the first complaint filed, and the other against the Defendants by plaintiffs Timothy Slyne and Tai 17 Slyne, No. 2:21-cv-00864-JLR (the “Slyne Action”); 18 3. WHEREAS, Plaintiff served Athira with a summons and the Complaint on July 8, 19 2021, making Athira’s current deadline to respond to the Complaint July 29, 2021; Plaintiff served 20 the Underwriter Defendants with a summons and the Complaint on July 15 (Goldman Sachs & 21 Co. LLC, Jefferies LLC, and Stifel, Nicolaus & Company, Inc.), and July 20 (JMP Securities 22 LLC), making the Underwriter Defendants’ current deadline to respond to the Complaint August 23 5 and August 10, 2021, respectively; and Plaintiff served waivers of service for the Individual 24 Defendants on July 28, 2021; 25 4. WHEREAS, on June 29, 2021, the Court entered an Order Setting Status 26 Conference (Dkt #5) in the above-captioned matter, setting a status conference for October 12, 27 2021 at 9:00 AM to discuss (1) an estimated number of days needed for trial, (2) the date by which STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC -1- WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699 Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 3 of 7 1 the case will be ready for trial, and (3) whether the parties intend to mediate pursuant to LCR 39.1 2 (the “Status Order”); 3 5. WHEREAS, this action is governed by the provisions of the Private Securities 4 Litigation Reform Act of 1995 (the “PSLRA”), Pub. L. 104-67, 109 Stat. 737, 15 U.S.C. §77z-1 5 et seq., which requires, among other things, Plaintiff to publish notice advising members of the 6 putative class of the pendency of the action, and provides that any member of the putative class 7 may move the Court to serve as lead plaintiff within 60 days after the notice is published; 8 9 10 11 6. WHEREAS, in accordance with the PSLRA, counsel for Plaintiff published notice of the pendency of the action on June 25, 2021, thereby setting the deadline for filing a motion seeking to be appointed as lead plaintiff in the above-captioned action as August 24, 2021; 7. WHEREAS, the parties anticipate that this action will be consolidated with the 12 Wang and Slyne Actions, a Lead Plaintiff will be appointed, the Lead Plaintiff will file a 13 consolidated complaint superseding the previously filed complaints, including the Complaint, and 14 Defendants will move to dismiss; 15 16 17 8. WHEREAS, pursuant to the PSLRA, all discovery and other proceedings are stayed during the pendency of any motion to dismiss; 9. WHEREAS, the parties agree that efficiency for the Court and the parties in 18 proceeding under the PSLRA dictates that responding to the current Complaint should be deferred. 19 NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and among the 20 21 parties, subject to the approval of this Court, that: 1. In the interests of judicial economy and preserving the resources of the parties and 22 the Court, the parties agree that no answer, motion, or other response to the Complaint shall be 23 due until after a Lead Plaintiff is appointed, Lead Counsel is approved, and Lead Plaintiff has had 24 the opportunity to prepare or designate a post-appointment consolidated complaint, provided that 25 Defendants do not otherwise respond to the complaint in the Wang or Slyne Actions or a complaint 26 in any other class action lawsuit in this District arising under the PSLRA asserting the same or 27 STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC -2- WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699 Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 4 of 7 1 substantially the same claims against the same Defendants prior to the appointment of Lead 2 Plaintiff and approval of Lead Counsel; 3 4 5 2. The October 12, 2021 status conference as set forth in the Status Order is adjourned for the time being; 3. Within fourteen (14) days of the Court’s Order for the appointment of Lead Plaintiff 6 and approval of Lead Counsel, pursuant to 15 U.S.C. § 77z-1(a)(3)(B), Lead Plaintiff and the 7 Defendants shall meet and confer and submit a schedule for the filing of a consolidated complaint 8 or designation of an operative complaint, and a briefing schedule for Defendants’ anticipated 9 motion(s) to dismiss; 10 4. This Stipulation is entered into without prejudice to any party seeking any interim 11 relief, and nothing in this Stipulation shall be construed as a waiver of any of the Defendants’ or 12 Plaintiff’s rights or positions in law or in equity, or as a waiver of any defenses that the Defendants 13 would otherwise have, including, without limitation, jurisdictional defenses, except as to 14 sufficiency of service. 15 16 Dated: July 29, 2021 17 Respectfully submitted, s/ Gregory L. Watts Gregory L. Watts, WSBA #43995 John C. Roberts Jr., WSBA #44945 Jennifer E.K. Kendrex, WSBA #55596 Tyre L. Tindall, WSBA #56357 WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Telephone: (206) 883-2500 Facsimile: (206) 883-2699 Email: gwatts@wsgr.com Email: jroberts@wsgr.com Email: jkendrex@wsgr.com Email: ttindall@wsgr.com 18 19 20 21 22 23 24 25 Attorneys for Defendants Athira Pharma, Inc., Glenna Mileson, Tadataka Yamada, Joseph Edelman, John M. Fluke, Jr., and James A. Johnson 26 27 STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC -3- WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699 Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 5 of 7 1 s/ Sean C. Knowles Sean C. Knowles, WSBA #39893 PERKINS COIE LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Telephone: (206) 359-6224 Facsimile: (206) 359-7224 Email: sknowles@perkinscoie.com 2 3 4 5 6 Attorney for Defendant Dr. Leen Kawas 7 12 s/ Anthony Todaro Anthony Todaro, WSBA #30391 DLA PIPER LLP 701 Fifth Avenue Suite 6900 Seattle, WA 98104-7029 Telephone: (206) 839-4800 Facsimile: (206) 494-1802 Email: anthony.todaro@dlapiper.com 13 Attorney for the Underwriter Defendants 8 9 10 11 14 s/ Benjamin T.G. Nivison Benjamin T.G. Nivison, WSBA #39797 ROSSI VUCINOVICH, P.C. 1000 Second Avenue, Suite 1780 Seattle, WA 98104 Telephone: (425) 646-8003 Facsimile: (206) 682-8004 Email: bnivison@rvflegal.com 15 16 17 18 19 s/ Pavithra Rajesh GLANCY PRONGAY & MURRAY LLP Robert V. Prongay Charles H. Linehan (pro hac vice pending) Pavithra Rajesh (admitted pro hac vice) 1925 Century Park East, Suite 2100 Los Angeles, CA 90067 Telephone: (310) 201-9150 Facsimile: (310) 201-9160 Email: rprongay@glancylaw.com Email: clinehan@glancylaw.com Email: prajesh@glancylaw.com 20 21 22 23 24 25 26 27 STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC -4- WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699 Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 6 of 7 THE PORTNOY LAW FIRM Lesley Portnoy 1800 Century Park east, Suite 600 Los Angeles, CA 90067 Telephone: (310) 692-8883 Email: lesley@portnoylaw.com 1 2 3 4 Attorneys for Plaintiff 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC -5- WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699 Case 2:21-cv-00862-JCC Document 13 Filed 07/29/21 Page 7 of 7 [PROPOSED] ORDER 1 2 3 4 5 IT IS SO ORDERED. DATED this 29th day of July 2021. 8 A 9 John C. Coughenour UNITED STATES DISTRICT JUDGE 6 7 10 11 Presented by: 12 s/ Gregory L. Watts Gregory L. Watts, WSBA #43995 John C. Roberts Jr., WSBA #44945 Jennifer E.K. Kendrex, WSBA #55596 Tyre L. Tindall, WSBA #56357 WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Telephone: (206) 883-2500 Facsimile: (206) 883-2699 Email: gwatts@wsgr.com Email: jroberts@wsgr.com Email: jkendrex@wsgr.com Email: ttindall@wsgr.com 13 14 15 16 17 18 19 20 21 22 Attorneys for Defendants Athira Pharma, Inc., Glenna Mileson, Tadataka Yamada, Joseph Edelman, John M. Fluke, Jr., and James A. Johnson 23 24 25 26 27 STIPULATION AND ORDER TO EXTEND TIME TO RESPOND TO THE COMPLAINT 2:21-cv-00862-JCC -6- WILSON SONSINI GOODRICH & ROSATI, P.C. 701 Fifth Avenue, Suite 5100 Seattle, WA 98104-7036 Tel: (206) 883-2500 Fax: (206) 883-2699
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