Opinion
2:22-cv-00980-CDS-VCF
10-17-2022
ED LOMONT and LUIS ANGULO, derivatively on behalf of nominal defendant v. DUANE HUGHES, STEVE SCHRADER. ROBERT WILLISON, STEPHEN FLEMING, ANTHONY FUREY, RAYMOND CHESS, GERALD BUDDE, H. BENJAMIN SAMUELS, HARRY DEMOTE, MICHAEL CLARK, PAMELA MADER, and JACQUELINE DEDO Defendants. Workhorse Group, Inc., Plaintiffs, WORKHORSE GROUP, INC., Nominal Defendant.
J. Stephen Peek, Esq. (NSBN 1758) Holland & Hart LLP Attorneys for Defendants Raymond Chess, Gerald Budde, H. Benjamin Samuels, Harry DeMott, Michael Clark, Pamela Mader, and Jacqueline Dedo Muckleroy Lunt Martin Muckleroy, Esq. (NSBN 9634) Robert C. Schubert (S.B.N. 62684) Willem F. Jonckheer (S.B.N. 178748) Schubert Jonckheer & Kolbe Llp Attorneys for Plaintiffs Jeff Silvestri, Esq. (NSBN 5779 Daniel I. Aquino, Esq. (NSBN 12682) Attorneys for Defendants Duane A. Hughes, Steve Schrader, Stephen Fleming, Robert Willison, and Anthony Furey Morris Law Group Steve Morris (NSBN 1543 Rosa Solis-Rainey, Esq. (NSBN 792!) Attorneys for Nominal Defendant Workhorse Group, Inc
J. Stephen Peek, Esq. (NSBN 1758) Holland & Hart LLP Attorneys for Defendants Raymond Chess, Gerald Budde, H. Benjamin Samuels, Harry DeMott, Michael Clark, Pamela Mader, and Jacqueline Dedo
Muckleroy Lunt Martin Muckleroy, Esq. (NSBN 9634)
Robert C. Schubert (S.B.N. 62684) Willem F. Jonckheer (S.B.N. 178748) Schubert Jonckheer & Kolbe Llp Attorneys for Plaintiffs
Jeff Silvestri, Esq. (NSBN 5779 Daniel I. Aquino, Esq. (NSBN 12682) Attorneys for Defendants Duane A. Hughes, Steve Schrader, Stephen Fleming, Robert Willison, and Anthony Furey
Morris Law Group Steve Morris (NSBN 1543 Rosa Solis-Rainey, Esq. (NSBN 792!) Attorneys for Nominal Defendant Workhorse Group, Inc
STIPULATION AND ORDER TO STAY THE ACTION
Pursuant to Local Rules IA 6-1 and 7-L Defendants Duane Hughes, Steve Schrader, Robert Willison, Stephen Fleming, Anthony Furey, Raymond Chess, Gerald Budde, H. Benjamin Samuels, Hany DeMott, Michael Clark, Pamela Mader, Jacqueline Dedo, and Nominal Defendant Workhorse Group, Inc. (collectively, “Defendants”), and Plaintiffs Ed Lomont and Luis Angulo (collectively, “Plaintiffs”), hereby stipulate, agree and respectfully request that the Court stay this action (the “Action”) pending resolution of the securities fraud class action lawsuit Farrar v. Workhorse Group, Inc., et al., No. CV 21-02072, cruiently pending in the United States District Court for the Central District of California (Carney, J.) (the “Securities Action”). The allegations in the instant Action overlap substantially with those in the Securities Action, and the parties to this Action agree that staying this Action while the Securities Action is litigated will promote efficiency and avoid unnecessary, and potentially duplicative proceedings. The Corn! presiding over the Secruities Action recently has stayed two other shareholder derivative actions similar- to this Action pending resolution of the Secruities Action. See In re Workhorse Group Inc. Deriv. Litig., 21-cv-4202 (CD. Cal. Oct. 3, 2022) (ECF No. 82); Cohen v. Hughes, et al., 21-CV-8734 (C.D. Cal. July 22, 2022) (ECF No. 92). And another court in the Eighth Judicial District Court has stayed a similar- derivative action. See In Re Workhorse Group Inc. Stockholder Derivative Litigation, Case Number: A-21-833050-B (Order entered on Aug. 22, 2022).
The request is not for purposes of delay. This is the first request by the parties. The parties also request that the court set a status check for January 15, 2023 for a status of this case and the other pending actions.
IT IS SO ORDERED. IT IS FURTHER ORDERED that a status check is scheduled for January 17, 2023, at !0:30 a.m., in LV courtroom 6B. / /