United States District Court, D. Nevada
IN RE DIAMOND RESORTS INTERNATIONAL, INC. SECURITIES LITIGATION
& WILMER L.L.P. John S. Delikanakis, Esq. (NV Bar No.
5928) David L. Edelblute, Esq. (NV Bar No. 14049) PAUL,
WEISS, RIFKIND, WHARTON & GARRISON LLP Lewis R. Clayton,
Esq. (admitted pro hac vice) Robert N. Kravitz, Esq.
(admitted pro hac vice) Attorneys for Defendant Diamond
Resorts International, Inc. and Jared Finkelstein.
PISANELLI BICE PLLC Todd L. Bice (NV Bar No. 4534) Ava M.
Schaefer (NV Bar No. 12698) MILBANK LLP Scott Edelman
(admitted pro hac vice) Alan Stone (admitted pro hac vice)
Attorneys for David Berkman.
BROWNSTEIN HYATT FARBER SCHRECK, LLP GIBSON, DUNN &
CRUTCHER LLP Mitchell A. Karlan (admitted pro hac vice)
Jefferson E. Bell (admitted pro hac vice) Brad Schoenfeldt
(admitted pro hac vice) Brian Lutz (admitted pro hac vice)
Attorneys for Richard M. Daley, Frankie Sue Del Papa, Jeffrey
W. Jones, David Palmer, Hope S. Taitz, Zachary D. Warren and
ALBRIGHT, STODDARD, WARNICK & ALBRIGHT Mark Albright,
Esq., (NV Bar No. 01394) Jorge L. Alvarez, Esq., (NV Bar No.
014466) Liaison Counsel for the Class.
LABATON SUCHAROW LLP Carol C. Villegas (admitted pro hac
vice) Jake Bissell-Linsk (admitted pro hac vice) Attorneys
for Lead Plaintiffs Nantahala Capital Management, LLC and
Lead Counsel for the Class.
LAW OFFICE OF JO ANN PALCHAK, P.A. Jo Ann Palchak, Esq.
(admitted pro hac vice) Counsel for Lead Plaintiff ODS
JOINT STIPULATION AND [PROPOSED] ORDER
Defendant Stephen J. Cloobeck filed his answer to the Amended
Complaint on March 25, 2019 (ECF No. 52);
Defendants Diamond Resorts International, Inc., David J.
Berkman, Richard M. Daley, Frankie Sue Del Papa, Jeffrey W.
Jones, David Palmer, Hope S. Taitz, Zachary D. Warren, Robert
Wolf, and Jared T. Finkelstein moved to dismiss this action
on May 9, 2019 (ECF Nos. 65 and 66), which motion remains
counsel for Plaintiffs, counsel for Defendants, and counsel
for the plaintiff in another putative class action (related
to the events at issue in this action) in the Delaware Court
of Chancery entitled Appel v. Berkman, C.A. No.
12844-VCMR (the “Delaware Action”), have been
engaged in discussions concerning a settlement that would
resolve both this action and the Delaware Action;
the discussions concerning settlement (referenced above) have
included discussion of the possibility of administering a
single settlement through the Delaware Action, subject to
approval by the court in the Delaware Action;
this stipulation does not admit or imply anything about any
party's ultimate willingness to settle this action, aside
from the fact that good faith discussions concerning
settlement have occurred;
the parties to this stipulation believe that staying this
action would be a prudent use of judicial resources;
IS HEREBY STIPULATED AND AGREED, by and between the
attorneys for the ...