September 23, 2013
MICHAEL BRADO, Individually and on Behalf of All Others Similarly Situated, Plaintiff,
VOCERA COMMUNICATIONS, INC., ROBERT J. ZOLLARS, BRENT D. LANG, MARTIN J. SILVER, WILLIAM R. ZERELLA, BRIAN D. ASCHER, JOHN B. GROTTING, JEFFREY H. HILLEBRAND, HOWARD E. JANZEN, JOHN N. MCMULLEN, HANY M. NADA, DONALD F. WOOD, J.P. MORGAN SECURITIES LLC, PIPER JAFFRAY & CO., ROBERT W. BAIRD & CO. INCORPORATED, WILLIAM BLAIR & COMPANY, L.L.C., WELLS FARGO SECURITIES, LLC, and LEERINK SWANN LLC, Defendants. DALE DUNCAN, Individually and on Behalf of All Others Similarly Situated, Plaintiff,
VOCERA COMMUNICATIONS, INC., ROBERT J. ZOLLARS, BRENT D. LANG, MARTIN J. SILVER, WILLIAM R. ZERELLA, BRIAN D. ASCHER, JOHN B. GROTTING, JEFFREY H. HILLEBRAND, HOWARD E. JANZEN, JOHN N. MCMULLEN, HANY M. NADA, DONALD F. WOOD, J.P. MORGAN SECURITIES LLC, PIPER JAFFRAY & CO., ROBERT W. BAIRD & CO. INCORPORATED, WILLIAM BLAIR & COMPANY, L.L.C., WELLS FARGO SECURITIES, LLC, and LEERINK SWANN LLC, Defendants.
SUSAN S. MUCK (CSB NO. 126930), CATHERINE KEVANE (CSB NO. 215501), JENNIFER BRETAN (CSB NO. 233475), FENWICK & WEST LLP, San Francisco, California, RONNIE SOLOMON (CSB NO. 284923), Mountain View, California, Attorneys for Defendants Vocera Communications, Inc., Robert J. Zollars, Brent D. Lang, Martin J. Silver, William R. Zerella, Brian D. Ascher, John B. Grotting, Jeffrey H. Hillebrand, Howard E. Janzen, John N. McMullen, Hany M. Nada, and Donald F. Wood
FENWICK & WEST LLP Jennifer C. Bretan, Esq. San Francisco, California, Attorneys for Vocera Communications, Inc., Robert J. Zollars, Brent D. Lang, Martin J. Silver, William R. Zerella, Brian D. Ascher, John B. Grotting, Jeffrey H. Hillebrand, Howard E. Janzen, John N. McMullen, Hany M. Nada, and Donald F. Wood HOGAN LOVELLS U.S. LLP, Norman J. Blears, Esq., Palo Alto, CA, Attorneys for Defendants J.P. Morgan Securities LLC, Piper Jaffray & Co., Robert W. Baird & Co. Incorporated, William Blair & Company, L.L.C., Wells Fargo Securities, LLC, and Leerink Swann LLC.
SCOTT䠣, ATTORNEYS AT
LAW, LLP, Hal Cunningham, Esq., Los Angeles, CA, Attorneys for Plaintiff Michael
GLANCY BINKOW& GOLDBERG LLP,
Robert Prongay, Esq., Los Angeles, CA, Attorneys for Plaintiff Dale Duncan.
STIPULATION AND [PROPOSED ] ORDER CONTINUING CASE MANAGEMENT CONFERENCES
EDWARD M. CHEN, District Judge.
WHEREAS, the above-captioned actions, Brado v. Vocera Communications, Inc. et al., Case No. CV-13-03567 EMC, filed on August 1, 2013 (" Brado ") and Duncan v. Vocera Communications, Inc. et al., Case No. CV-13-03872 EMC, filed on August 21, 2013 (" Duncan ") (together, the "Securities Actions"), are proposed class actions alleging violations of the federal securities laws against Vocera Communications, Inc., ("Vocera" or the "Company"), certain individual officers and directors of the Company, and certain investment banks that served as underwriters in connection with the Company's initial public offering, (collectively, "Defendants"); and
WHEREAS, on August 1, 2013, this Court issued an Order Setting Initial Case Management Conference And ADR Deadlines (Dkt. No. 2) in Brado, the first-filed action, setting the following deadlines:
1. October 10, 2013 for the parties to comply with certain requirements under the Federal Rules of Civil Procedure and the Northern District of California Civil Local Rules ("Local Rules" or "Civil L.R.") and Alternative Dispute Resolution ("ADR") Local Rules regarding discovery, early settlement, and the ADR Multi-Option Program; and
2. October 24, 2013 for the parties to file a Rule 26(f) Report, complete initial disclosures or state objection in Rule 26(f) Report and file a Joint Case Management Statement; and
3. October 31, 2013 at 9:00 a.m. for an initial case management conference; and WHEREAS, on September 17, 2013, the Court issued an Order deeming the Securities
Actions "related cases" within the meaning of Northern District of California Civil Local Rule ("Civil L.R.") 3-12 and ordering that the case management deadlines in the reassigned case be rescheduled (Dkts. 33, 34);
WHEREAS, the Securities Actions are subject to the requirements of the Private Securities Litigation Reform Act of 1995, Pub.L. No. 104-67, 109 Stat. 737 (1995) (the "Reform Act"), which sets forth specialized procedures for the administration of securities class actions; and
WHEREAS, the Reform Act provides for the appointment of a lead plaintiff to act on behalf of the purported class following consolidation (15 U.S.C. §78u-4(a)(3)(B)(ii)); and
WHEREAS, on September 30, 2013, motions for consolidation and for appointment of lead plaintiff in the consolidated action are expected to be filed ("Lead Plaintiff Motions"); and
WHEREAS, the process for approval of lead counsel will follow the Court's determination on lead plaintiff; and
WHEREAS, thereafter, the parties expect the Court to set a schedule for a consolidated complaint to be filed; and
WHEREAS, defendants anticipate filing motion(s) to dismiss in response to the consolidated complaint and that the parties will submit a briefing schedule to the Court in connection with any such motion(s); and
WHEREAS, pursuant to the Reform Act, unless otherwise ordered by the Court, discovery in this action is stayed during the pendency of any motion to dismiss (15 U.S.C. § 78u-4(b)(3)(B)); and
WHEREAS, counsel for the plaintiffs and defendants in the above-captioned actions respectfully submit that good cause exists to vacate the existing October 31, 2013 initial case management conference and associated ADR deadlines until such time as the Court has the opportunity to rule on the appointment of lead plaintiff and approval of lead counsel.
IT IS ACCORDINGLY STIPULATED, pursuant to Civil L.R. 7-12, by and between the undersigned counsel for the parties, that:
i. Pursuant to Civil L.R. 16-2, the Initial Case Management Conference scheduled for October 31, 2013 be vacated, along with any associated deadlines under the Federal Rules of Civil Procedure and Local Rules, to be rescheduled for a date that is either 30 days after the filing of the consolidated complaint or 30 days after the Court rules on defendants' anticipated motion(s) to dismiss the consolidated complaint, as the Court shall determine to be appropriate; and
ii. that all associated ADR Multi-Option Program deadlines likewise be deferred; and
iii. that any case management conference and associated deadlines being rescheduled by the Court in the recently related Duncan matter, Case No. CV-13-03872 EMC, be similarly scheduled in light of the foregoing.
Pursuant to Pursuant to Civil Local Rule 5-1(i)(3), all signatories concur in filing this stipulation.
Jennifer C. Bretan
PURSUANT TO STIPULATION, IT IS SO ORDERED.