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In re Schwab Corp. Securities Litigation

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION


May 18, 2010

IN RE SCHWAB CORP. SECURITIES LITIGATION

The opinion of the court was delivered by: The Honorable William Alsup United States District Judge

THIS DOCUMENT RELATES TO: All Actions

STIPULATION AND [PROPOSED] ORDER SHORTENING TIME FOR THE HEARING ON THE JOINT MOTION FOR PRELIMINARY APPROVAL OF SETTLEMENT OF CALIFORNIA CLASS CLAIMS

Date: None

Time: None Judge: Hon. William H. Alsup Courtroom: Courtroom 9, 19th Floor

Pursuant to Local Rule 6, the parties respectfully submit this Stipulation and Proposed Order Shortening Time For The Hearing on the Joint Motion For Preliminary Approval of Settlement of California Claims. The Motion for Preliminary Approval asks the Court to preliminarily approve the proposed settlement of the claims of the California Class and authorize the provision of notice of the proposed settlement to all class members.

The Court has ordered the parties to file the accompanying Motion for Preliminary Approval by noon on May 17, 2010 (Dkt. No. 765). Under the normal motion schedule, if the Stipulation to Shorten time is not granted, the Motion for Preliminary Approval would not be considered until June 24, 2010. Given the Court's interest in having the Motion for Preliminary Approval submitted as soon as possible, the parties request that the Court consider the Motion for Preliminary Approval on the earliest date convenient to the Court.

For the foregoing reasons, the parties stipulate that the time period to hear the Joint Motion

For Preliminary Approval of Settlement of California Claims be shortened to the earliest date convenient to the Court.

IT IS SO STIPULATED.

Dated: May 14, 2010

REED R. KATHREIN

PETER E. BORKON

STEVE W. BERMAN SEAN R. MATT

ERIN K. FLORY

LISA M. HASSELMAN ROBERT F. LOPEZ

HAGENS BERMAN SOBOL SHAPIRO LLP

Steve W. Berman Attorneys for the California Class Representative and the California Class

Dated: May 14, 2010

DARRYL P. RAINS

EUGENE ILLOVSKY

CRAIG D. MARTIN

DOROTHY L. FERNANDEZ

MORRISON & FOERSTER LLP

Dorothy L. Fernandez Attorneys for defendants The Charles Schwab Corporation, Charles Schwab & Co., Inc., Charles Schwab Investment Management, Inc., Schwab Investments, Charles R. Schwab, Evelyn Dilsaver, Randall W. Merk, George Pereira, Matthew Hastings, Mariann Byerwalter, Donald F. Dorward, William A. Hasler, Robert G. Holmes, Gerald B. Smith, Donald R. Stephens, and Michael W. Wilsey

PURSUANT TO STIPULATION, IT IS SO ORDERED.

The hearing on the Joint Motion for Preliminary Approval of Settlement of California Class Claims 14 shall be held on _________ at _____.

IT IS SO ORDERED

20100518

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