Searching over 5,500,000 cases.


searching
Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.

Johnson v. Lee

United States District Court, D. Nevada

December 14, 2017

AIRICK JOHNSON, Derivatively on behalf of Nominal Defendant,
v.
ROBERT LEE, STEVE ROBERTS, EDWARD YEW, BRIAN MORALES, AND JON TONDEUR, Defendants, ZOOMPASS HOLDINGS INC., Plaintiff, and ZOOMPASS HOLDINGS, INC. Nominal Defendant.

          MCDONALD CARANO, LLP Pat Lundvall (NVSBN 3761) James V. Masella, III (pending admission pro hac vice) Jesse A. Townsend (pending admission pro hac vice) PATTERSON BELENAP WEBB & TYLER LLP Attorneys for Defendants Robert Lee, Steve Roberts, Edward Yew, Brian Morales, and Jon Tondeur and for Nominal Defendant Zoompass Holdings, Inc.

          LEVERTY & ASSOCATION LAW CHTD PATRICK R. LEVERTY, Esq. Reno Gould House Liaison Counsel for Plaintiff

          THE BROWN LAW FIRM, P.C. Timothy W. Brown, Esq. Attorneys for Plaintiff.

          STIPULATION AND ORDER STAYING PROCEEDINGS ECF NO. 6

          Jennifer Dorsey, U.S. District Judge.

         WHEREAS Plaintiff Airick Johnson filed his Complaint on July 26, 2017 in which he alleged, among other things, breaches of fiduciary duty, corporate waste, gross mismanagement, unjust enrichment, and waste of corporate assets derivatively on behalf of Nominal Defendant Zoompass Holdings, Inc. (the "Nominal Defendant") against Defendants Robert Lee, Steve Roberts, Edward Yew, Brian Morales, and Jon Tondeur (collectively, the "Individual Defendants, " and together with the Nominal Defendant, the "Defendants");

         WHEREAS pending before the United States District Court for the District of New Jersey is Patel v. Zoompass Holdings, Inc., Case No. 2:17-cv-03831-JLL-JAD (D. NJMay 30, 2017) (the "Securities Class Action"), a putative class action alleging violations of the Securities Exchange Act of 1934 and regulations promulgated thereunder;

         WHEREAS the parties to the Securities Class Action have stipulated that Defendants shall answer, move, or otherwise respond to Plaintiffs Amended Complaint on or before 60 days from November 20, 2017, the filing date of the Amended Complaint;

         WHEREAS Plaintiffs Complaint in the above-captioned matter alleges certain misconduct that is similar to the misconduct alleged in the Securities Class Action;

         WHEREAS Plaintiff, the Individual Defendants, and the Nominal Defendant wish to promote the efficient and orderly administration of justice by coordinating this derivative action with the Securities Class Action;

         WHEREAS when this matter was pending in the District Court for Clark County, Nevada, Plaintiff, the Individual Defendants, and the Nominal Defendant had entered into a stipulation that included Paragraphs 1-11, infra, and counsel for the Individual Defendants and the Nominal Defendant accepted service of the Complaint on behalf of all Defendants, including the Individual Defendants who had not previously been served; and

         WHEREAS the Individual Defendants have removed this action to the United States District Court for the District of Nevada, and in consideration for Plaintiff s consent to the same, have agreed to stipulate to Paragraphs 1-11, infra.

         NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED by and between the undersigned counsel for the Plaintiff, the Individual Defendants, and the Nominal Defendant that:

         (1) By authorizing their counsel to accept service on their behalf, the Individual Defendants waive any and all objections to the absence of summons or of service, but do not waive any other defense, objection, or ground for dismissal that they may have otherwise raised in response to this action, including but not limited to any objection to the Court's jurisdiction orvenue of the action.

         (2) All activity in the above-captioned matter shall be stayed, and the Defendants shall need not answer, move, or otherwise respond to Plaintiff s Complaint, or any ...


Buy This Entire Record For $7.95

Download the entire decision to receive the complete text, official citation,
docket number, dissents and concurrences, and footnotes for this case.

Learn more about what you receive with purchase of this case.