Opinion
2:17-cv-01868-RFB-NJK
04-28-2023
In re TAHOE RESOURCES, INC. SECURITIES LITIGATION This Document Relates to All Actions
Martin A. Muckleroy, State Bar #9634 MUCKLEROY LUNT, LLC James M. Wilson, Jr. (pro hac vice) Robert W. Killorin (pro hac vice) Megan M. Remmel (pro hac vice) FARUQI & FARUQI, LLP Attorneys for Lead Plaintiff Tiffany Huynh, as executor for the estate of Kevin Nguyen James M. Wilson, Jr., Esq. Robert Killorin, Esq. Megan Remmel, Esq. FARUQI & FARUQI, LLP Leslie Bryan Hart (SBN 4932) FENNEMORE CRAIG, P.C. Scott J. Fisher (pro hac vice) Karl R. Barnickol (pro hac vice) Andrew May (pro hac vice) NEAL, GERBER & EISENBERG LLP Counsel for the Defendants Tahoe Resources, Inc., Mark Sadler, Ronald W. Clayton, Kevin McArthur, and Edie Hofmeister
Martin A. Muckleroy, State Bar #9634
MUCKLEROY LUNT, LLC
James M. Wilson, Jr. (pro hac vice)
Robert W. Killorin (pro hac vice)
Megan M. Remmel (pro hac vice)
FARUQI & FARUQI, LLP
Attorneys for Lead Plaintiff Tiffany Huynh, as executor for the estate of Kevin Nguyen
James M. Wilson, Jr., Esq.
Robert Killorin, Esq.
Megan Remmel, Esq.
FARUQI & FARUQI, LLP
Leslie Bryan Hart (SBN 4932)
FENNEMORE CRAIG, P.C.
Scott J. Fisher (pro hac vice)
Karl R. Barnickol (pro hac vice)
Andrew May (pro hac vice)
NEAL, GERBER & EISENBERG LLP
Counsel for the Defendants Tahoe Resources, Inc., Mark Sadler, Ronald W. Clayton, Kevin McArthur, and Edie Hofmeister
JOINT MOTION FOR AN EXTENSION OF TIME TO FILE THE STIPULATION AND MOTION FOR PRELIMINARY APPROVAL
Lead Plaintiff Tiffany Huynh (“Plaintiff”) and Tahoe Resources, Inc. (“Tahoe”), Mark Sadler, Ronald W. Clayton, Kevin McArthur, and Edie Hofmeister (“Defendants” and together with Plaintiff the “Parties”) respectfully submit this joint motion for an extension of time, requesting that this Court enter an order extending the time for Plaintiff to file the stipulation of settlement and motion for preliminary approval of the settlement until May 26, 2023. In support of this Motion, Plaintiff states as follows:
1. On March 6, 2023, the parties informed the Court that they had entered into a settlement in principle to settle this action (the “U.S. Action”) and the related action pending in Ontario Superior Court of Justice, captioned Dyck v. Tahoe Resources, Inc., et al., No. CV-18-00606411-00CP (the “Canadian Action”). ECF No. 237.
2. On March 7, 2023, the Court entered an order setting April 28, 2023 as the deadline for Plaintiff to file her motion for preliminary approval of the settlement. ECF No. 238.
3. The parties have agreed as part of the settlement, that the U.S. Action will be administered separately in this Court and that the Canadian Action will be separately administered by the Canadian court. The parties in the U.S. Action and the Canadian Action have diligently worked and cooperated with each other to finalize the terms of the settlement and where appropriate in the interest of class members, to coordinate the administration of the settlements and they continue to cooperate and work together. Due to the complexities of finalizing the settlement terms for each Action as well as the terms for providing notice of the settlement to the classes, proof of claims forms, and plans of allocation that will apply to the separate settlements in each Action, Plaintiff and Defendants agree that an extension of time in which to finalize all settlement terms and the terms that will govern the administration of the settlement is in the best interest of class members and therefore is warranted.
4. This is the first request by the Parties to extend the time to file Plaintiff's motion for preliminary approval of the settlement.
WHEREFORE, the Parties respectfully requests that the Court enter an order extending the deadline for her to file the stipulation of settlement and motion for preliminary approval of the settlement of up to 28 days to May 26, 2023.
ORDER
IT IS SO ORDERED that the deadline to file the stipulation and motion for preliminary approval is extended to May 26, 2023.