Barua v. Zillow Group Inc et al, No. 2:2021cv01551 - Document 13 (W.D. Wash. 2021)
Court Description: ORDER granting Parties' 12 Stipulated MOTION (1) Extending Time to Respond to Complaint; (2) Adjourning Discovery Deadlines; and (3) Setting Briefing Schedule on any Motion to Dismiss. Signed by Judge Thomas S. Zilly.(MW)
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Barua v. Zillow Group Inc et al Doc. 13 Case 2:21-cv-01551-TSZ Document 13 Filed 12/21/21 Page 1 of 6 1 THE HONORABLE THOMAS S. ZILLY 2 3 4 5 6 UNITED STATES DISTRICT COURT WESTERN DISTRICT OF WASHINGTON AT SEATTLE 7 8 9 DIBAKAR BARUA, Individually and on Behalf of All Others Similarly Situated, 10 Plaintiff, 11 12 13 v. ZILLOW GROUP, INC., RICHARD BARTON, ALLEN PARKER, AND JEREMY WACKSMAN, 14 No. 2:21-CV-01551-TSZ STIPULATION AND ORDER (1) EXTENDING TIME TO RESPOND TO COMPLAINT; (2) ADJOURNING DISCOVERY DEADLINES; AND (3) SETTING BRIEFING SCHEDULE ON ANY MOTION TO DISMISS Defendants. 15 16 Plaintiff Dibakar Barua ("Plaintiff") and Defendants Zillow Group, Inc., Richard Barton, 17 Allen Parker, and Jeremy Wacksman (collectively, "Defendants") hereby stipulate and agree as 18 follows: 19 WHEREAS, on November 16, 2021, Plaintiff filed the complaint in the above-captioned 20 action ("Action"), a putative class action arising under the Securities Exchange Act of 1934 21 ("Exchange Act"), as amended by the Private Securities Litigation Reform Act of 1995 (the 22 "PSLRA"), 15 U.S.C. § 78u-4, against Defendants; 23 WHEREAS, Section 21D(a)(3)(A)(i) of the PSLRA, 15 U.S.C. 78u-4(a)(3)(A)(i), 24 requires a plaintiff to cause a public notice to be filed within 20 days of filing a putative class 25 action that arises under the PSLRA, which notice Plaintiff published on November 16, 2021; 26 STIPULATION EXTENDING TIME TO RESPOND TO COMPLAINT AND SETTING BRIEFING SCHEDULE (No. 2:21-cv-01551-TSZ) – 1 Perkins Coie LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Phone: (206) 359-8000 Fax: (206) 359-9000 Dockets.Justia.com Case 2:21-cv-01551-TSZ Document 13 Filed 12/21/21 Page 2 of 6 1 WHEREAS, on November 18, 2021, the Court entered an Order Regarding Initial 2 Disclosures, Joint Status Report, and Early Settlement (Dkt #4) in the Action setting January 3, 3 2022 as the deadline for the Federal Rule of Civil Procedure 26(f) Conference and January 18, 4 2022 as the deadline for initial disclosures pursuant to Federal Rule of Civil Procedure 26(a)(1) 5 and the filing of a Combined Joint Status Report and Discovery Plan pursuant to Federal Rule of 6 Civil Procedure 26(f) and Local Rules W.D. Wash. LCR 26(f); 7 WHEREAS, on November 19, 2021, a second complaint alleging substantially similar 8 allegations as those alleged in this Action was filed, deemed related, and is currently pending 9 before this Court, see Silverberg v. Zillow Group, Inc., et al., No. 2:21-cv-01567-TSZ (W.D. 10 Wash.) ("Silverberg Action"); 11 WHEREAS, any purported class member has 60 days from the date the notice was 12 published to move the Court to serve as lead plaintiff on behalf of the putative class, 15 U.S.C. § 13 78u-4(a)(3)(A)(i)(II), making lead plaintiff motions due January 18, 2022; 14 WHEREAS, the PSLRA also provides that, "[i]f more than one action on behalf of a 15 class asserting substantially the same claim or claims arising under [the Exchange Act] has been 16 filed, and any party has sought to consolidate those actions," the Court shall make a 17 determination regarding consolidation before appointing the lead plaintiff, 15 U.S.C. § 78u- 18 4(a)(3)(B)(ii); 19 WHEREAS, the parties anticipate that, concurrent with the process for appointing a lead 20 plaintiff, one or more proposed lead plaintiffs will also move to consolidate this Action with the 21 Silverberg Action; 22 23 24 WHEREAS, the parties anticipate that the Court-appointed lead plaintiff will file an amended complaint and that Defendants will file motion(s) to dismiss the amended complaint; WHEREAS, the filing of initial disclosures and a discovery plan would be premature 25 because all discovery, including initial disclosures, in this Action is subject to the discovery stay 26 provisions of the PSLRA. See 15 U.S.C. § 78u-4(b)(3)(B) ("all discovery and other proceedings STIPULATION EXTENDING TIME TO RESPOND TO COMPLAINT AND SETTING BRIEFING SCHEDULE (No. 2:21-cv-01551-TSZ) – 2 Perkins Coie LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Phone: (206) 359-8000 Fax: (206) 359-9000 Case 2:21-cv-01551-TSZ Document 13 Filed 12/21/21 Page 3 of 6 1 shall be stayed during the pendency of any motion to dismiss, unless the court finds upon the 2 motion of any party that particularized discovery is necessary to preserve evidence or to prevent 3 undue prejudice to that party"); and 4 5 WHEREAS, undersigned counsel for Defendants hereby accepts service of summons on behalf of each of the Defendants, without waiving any defenses other than sufficiency of service; 6 WHEREAS, the parties agree that in the interests of judicial economy, conservation of 7 time and resources, and orderly management of this Action, no response to any pleading in this 8 Action, including any motion brought pursuant to Federal Rule of Civil Procedure 12, should 9 occur until after a lead plaintiff and lead counsel are appointed by the Court pursuant to the 10 PSLRA and an amended complaint has been filed or an operative complaint designated; 11 12 NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and between the undersigned counsel for the undersigned parties, subject to Court approval, as follows: 13 1. Counsel for Defendants accepts service of process for all Defendants in this 14 Action. Defendants' acceptance of service does not waive any of the Defendants' rights or 15 defenses in this action, including, but not limited to, any jurisdictional defense, including lack of 16 personal jurisdiction, other than as to the sufficiency of service. 17 18 19 2. Defendants are not required to respond to the complaint previously filed in this 3. After the appointment of a lead plaintiff pursuant to 15 U.S.C. § 78u-4(a)(3)(B), Action. 20 lead plaintiff and Defendants shall promptly meet and confer regarding a schedule for the filing 21 of a consolidated complaint or designation of an operative complaint, and a briefing schedule for 22 Defendants' anticipated motion(s) to dismiss. The parties shall meet and confer and submit a 23 joint stipulation with a proposed schedule no later than fourteen (14) business days following the 24 appointment of lead plaintiff. 25 26 4. Pursuant to the discovery stay provisions of the PSLRA, all discovery related deadlines are vacated until after a ruling on the Defendants' anticipated motion to dismiss. STIPULATION EXTENDING TIME TO RESPOND TO COMPLAINT AND SETTING BRIEFING SCHEDULE (No. 2:21-cv-01551-TSZ) – 3 Perkins Coie LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Phone: (206) 359-8000 Fax: (206) 359-9000 Case 2:21-cv-01551-TSZ Document 13 Filed 12/21/21 Page 4 of 6 1 5. Nothing herein shall be deemed to constitute a waiver of any rights, defenses, 2 objections or any other application to any court that any party may have with respect to the 3 claims set forth in the complaint filed in this Action. 4 5 6 DATED: December 20, 2021 By: s/ Benjamin T.G. Nivision Benjamin T.G. Nivision, WSBA Bar No. 39797 ROSSI VUCINOVICH, P.C. 1000 2nd Ave #1780 Seattle, WA 98104 Telephone: (425) 646-8003 Facsimile: (425) 646-8004 bnivison@rvflegal.com By: s/ Sean C. Knowles Sean C. Knowles, WSBA No. 39893 PERKINS COIE LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101 Telephone: (206) 359-8000 Facsimile: (206) 359-9000 SKnowles@perkinscoie.com Of Counsel: 17 Robert V. Prongay Charles H. Linehan Pavithra Rajesh GLANCY PRONGAY & MURRAY LLP 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 Telephone: (310) 201-9150 Facsimile: (310) 201-9160 rprongay@glancylaw.com clinehan@glancylaw.com prajesh@glancylaw.com 18 Counsel for Plaintiff 7 8 9 10 11 12 13 14 15 16 19 20 Peter B. Morrison (pro hac vice application forthcoming) Virginia F. Milstead (pro hac vice application forthcoming) Raza Rasheed (pro hac vice application forthcoming) SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP 300 South Grand Avenue, Ste. 3400 Los Angeles, CA 90071 Telephone: (213) 687-5000 Facsimile: (213) 521-5000 Peter.Morrison@skadden.com Virginia.Milstead@skadden.com Raza.Rasheed@skadden.com Counsel for Defendants Zillow Group, Inc., Richard Barton, Allen Parker, and Jeremy Wacksman 21 22 23 24 25 26 STIPULATION EXTENDING TIME TO RESPOND TO COMPLAINT AND SETTING BRIEFING SCHEDULE (No. 2:21-cv-01551-TSZ) – 4 Perkins Coie LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Phone: (206) 359-8000 Fax: (206) 359-9000 Case 2:21-cv-01551-TSZ Document 13 Filed 12/21/21 Page 5 of 6 1 2 3 ORDER Pursuant to the above Stipulation, IT IS SO ORDERED. Dated this 21st day of December, 2021. 5 6 7 8 9 10 11 12 Presented by: By: s/ Benjamin T.G. Nivision Benjamin T.G. Nivision, WSBA Bar No. 39797 ROSSI VUCINOVICH, P.C. 1000 2nd Ave #1780 Seattle, WA 98104 Telephone: (425) 646-8003 Facsimile: (425) 646-8004 bnivison@rvflegal.com 17 Robert V. Prongay Charles H. Linehan Pavithra Rajesh GLANCY PRONGAY & MURRAY LLP 1925 Century Park East, Suite 2100, Los Angeles, CA 90067 Email: rprongay@glancylaw.com Email: clinehan@glancylaw.com Email: prajesh@glancylaw.com 18 Counsel for Plaintiff 13 14 15 16 A ____________________________ Thomas S. Zilly United States District Judge 4 19 20 21 22 23 24 25 26 STIPULATION EXTENDING TIME TO RESPOND TO COMPLAINT AND SETTING BRIEFING SCHEDULE (No. 2:21-cv-01551-TSZ) – 5 Perkins Coie LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Phone: (206) 359-8000 Fax: (206) 359-9000 Case 2:21-cv-01551-TSZ Document 13 Filed 12/21/21 Page 6 of 6 1 2 3 4 By: s/ Sean C. Knowles Sean C. Knowles, WSBA No. 39893 PERKINS COIE LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101 (206) 359-8000 SKnowles@perkinscoie.com 5 6 7 8 9 10 11 12 13 14 Of Counsel: Peter B. Morrison (pro hac vice application forthcoming) Virginia F. Milstead (pro hac vice application forthcoming) Raza Rasheed (pro hac vice application forthcoming) SKADDEN, ARPS, SLATE, MEAGHER & FLOM, LLP 300 South Grand Avenue, Ste. 3400 Los Angeles, CA 90071 Tel: (213) 687-5000 Facsimile: (213) 521-5000 Peter.Morrison@skadden.com Virginia.Milstead@skadden.com Raza.Rasheed@skadden.com Counsel for Defendants Zillow Group, Inc., Richard Barton, Allen Parker, and Jeremy Wacksman 15 16 17 18 19 20 21 22 23 24 25 26 STIPULATION EXTENDING TIME TO RESPOND TO COMPLAINT AND SETTING BRIEFING SCHEDULE (No. 2:21-cv-01551-TSZ) – 6 Perkins Coie LLP 1201 Third Avenue, Suite 4900 Seattle, WA 98101-3099 Phone: (206) 359-8000 Fax: (206) 359-9000
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