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Cai v. Switch, Inc.

United States District Court, D. Nevada

July 24, 2019

MINGBO CAI, Individually and On Behalf of All Others Similarly Situated, Plaintiff,
v.
SWITCH, INC., ROB ROY, GABE NACHT, ZAREH SARRAFIAN, DONALD SNYDER, TOM THOMAS, BRYAN WOLF, 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, NICHOLAUS & COMPANY, INC., and WILLIAM BLAIR & COMPANY, L.L.C., Defendants.

          Todd L. Bice, Bar No. 4534 Ava M. Schaefer, Bar No. 12698 PISANELLI BICE PLLC Attorneys for Switch, Inc., Rob Roy, Gabe Nacht, Zareh Sarrafian, Donald Snyder, Tom Thomas, and Bryan Wolf

          Michele D. Johnson (Admitted Pro Hac Vice) Andrew R. Gray (Admitted Pro Hac Vice) LATHAM & WATKINS LLP Joshua G. Hamilton (Admitted Pro Hac Vice) LATHAM & WATKINS LLP

          GLANCY PRONGAY & MURRAY LLP Lionel Z. Glancy (Admitted Pro Hac Vice) Robert V. Prongay (Admitted Pro Hac Vice) Casey E. Sadler (Admitted Pro Hac Vice) Lesley F. Portnoy (Admitted Pro Hac Vice) Lead Counsel for Lead Plaintiff

          MUEHLBAUER LAW OFFICE, LTD. Andrew R. Muehlbauer Liaison Counsel for Lead Plaintiff

          GREENBERG TRAURIG LLP Mark E. Ferrario, Bar No. 1625 Christopher R. Miltenberger, Bar No. 10153 Greenberg Traurig LLP Daniel J. Tyukody (Admitted Pro Hac Vice) 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

          STIPULATION REGARDING TIME FOR DEFENDANTS TO FILE ANSWERS TO AMENDED COMPLAINT

         Lead Plaintiff Oscar Farach ("Lead Plaintiff") and defendants Switch, Inc. ("Switch"), Rob Roy, Gabe Nacht, Zareh Sarrafian, Donald Snyder, Tom Thomas, Bryan Wolf, 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, Nicholaus & Company, Inc., and William Blair & Company, LLC ("Defendants") (collectively, the "Parties"), hereby stipulate and agree as follows:

         WHEREAS, on June 11, 2018, Plaintiff Mingbo Cai, individually and on behalf of all others similarly situated, filed the initial complaint in the above-captioned action (Dkt. No. 1);

         WHEREAS, on August 6, 2018, Judge Anne E. Thompson of the U.S. District Court for the District of New Jersey entered an order directing that this action be transferred to the U.S. District Court for the District of Nevada (Dkt. No. 12);

         WHEREAS, on September 6, 2018, this Court entered an order: (1) appointing Oscar Farach as Lead Plaintiff for the Class; and (2) approving Lead Plaintiff's selection of Glancy Prongay & Murry LLP as Lead Counsel and Muehlbauer Law Office, Ltd. as Liaison Counsel (Dkt. No. 26);

         WHEREAS, on October 12, 2018, Lead Plaintiff filed the Amended Class Action Complaint for Violations of the Federal Securities Laws ("Amended Complaint") (Dkt. No. 58);

         WHEREAS, on November 19, 2018, Defendants filed a motion to dismiss the Amended Complaint and a motion to strike, which Plaintiff opposed;

         WHEREAS, this Court granted in part and denied in part Defendants' Motion to Dismiss on July 12, 2019 (Dkt. No. 92);

         WHEREAS, pursuant to Federal Rule of Civil Procedure 12(a)(4), Defendants' Answer(s) to the Amended Complaint ...


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