Opinion
Case No. 3:11-CV-03269-CRB Case No 3:11-CV-03301 -CRB Case No. 3:11-CV-03302-CRB
10-03-2011
DEBRA SALZMAN, derivatively on behalf of the Nominal Defendant, Plaintiff, v. CAROL BARTZ, JERRY YANG, ROY J. BOSTOCK, PATTI HART, SUSAN M. JAMES, VYOMESH JOSHI, DAVID KENNY, ARTHUR H. KERN, BRAD D. SMITH, and GARY L. WILSON, Defendants, -and- YAHOO! INC., a Delaware corporation, YAHIA TAWILA, Derivatively on Behalf of YAHOO! INC, Plaintiff, v. CAROL BARTZ, JERRY YANG, ROY J. BOSTOCK, PATTI HART, SUE JAMES, VYOMESH JOSHI, DAVID KENNY, ARTHUR H. KERN, BRAD D. SMITH, and GARY L. WILSON, Defendants, -and- YAHOO! INC., Nominal Defendant. IRON WORKERS MID-SOUTH PENSION FUND, Derivatively on Behalf of YAHOO! INC, Plaintiff, v. CAROL BARTZ, JERRY YANG, ROY J. BOSTOCK, PATTI S. HART, SUSAN M. JAMES, VYOMESH JOSHI, ARTHUR H. KERN, BRAD D. SMITH, GARY L. WILSON, and JACK MA, Defendants, -and- YAHOO! INC, a Delaware corporation, Nominal Defendant.
ROBBINS UMEDA LLP BRIAN J. ROBBINS (190264) CRAIG W. SMITH (164886) SHANE P. SANDERS (237146) Counsel for Plaintiff Iron Workers Mid-South Pension Fund and [Proposed] Co-Lead Counsel for Plaintiffs
ROBBINS UMEDA LLP
BRIAN J. ROBBINS (190264)
CRAIG W. SMITH (164886)
SHANE P. SANDERS (237146)
Counsel for Plaintiff Iron Workers Mid-South
Pension Fund and [Proposed] Co-Lead Counsel for Plaintiffs
Action Filed: My 1, 2011
ORDER
CONSOLIDATING THE RELATED
ACTIONS, APPOINTING CO-LEAD
COUNSEL, AND CONCERNING
RELATED MATTERS THEREON
Judge: Hon. Charles R. Breyer
Courtroom: 6, 17th Floor
For good cause appearing, the Court HEREBY ORDERS:
1. The following shareholder actions are currently pending in this Court on behalf of Nominal Defendant Yahoo! Inc. ("Yahoo" or the "Company") are hereby related and consolidated for pre-trial proceedings (the "Consolidated Action"):
+---------------------------------------------------------------+ ¦ Abbreviated Case Name ¦ Case Number ¦ Date Filed ¦ +--------------------------------+-----------------+------------¦ ¦Salzman v. Bartz, et al. ¦3:11-CV-03269-CRB¦July 1, 2011¦ +--------------------------------+-----------------+------------¦ ¦Tawila v. Bartz et al. ¦3:11-CV-03301-CRB¦July 6, 2011¦ +--------------------------------+-----------------+------------¦ ¦Iron Workers Mid-South Pension ¦ ¦ ¦ ¦ ¦3:11-CV-03302-CRB¦July 6, 2011¦ ¦Fund v. Bartz et al. ¦ ¦ ¦ +---------------------------------------------------------------+
2. Every pleading filed in the Consolidated Action, or in any separate action included herein, shall bear the following caption:
UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF CALIFORNIA
SAN FRANCISCO DIVISION
IN RE YAHOO! INC. SHAREHOLDER DERIVATIVE LITIGATION
This Document Relates To: ALL ACTIONS.
Master Docket No. 3:11-CV-03269-CRB
(Consolidated with 3:11 -C V-03 3 01 -CRB;
3:11-CV-03302-CRB)
Judge: Hon. Charles R. Breyer
Courtroom: 6, 17th Floor
3. When a pleading or other court paper filed in the Consolidated Action is intended to apply to all actions therein, the words "All Actions" shall appear immediately after the words "This Document Relates To:" in the caption set forth above. When a pleading or other court paper is intended to be applicable only to one, or some, but not all of such actions, the party filing the document shall indicate the action(s) to which the document is intended to be applicable by last name of the named plaintiff(s) and the docket number(s). The files of the Consolidated Actions shall be maintained in one file under Master Docket No. 3:11-CV-03269-CRB.
4. Co-Lead Counsel for Plaintiffs for the conduct of the Consolidated Action are:
ROBBINS UMEDA LLP
BRIAN J. ROBBINS (190264)
CRAIG W. SMITH (164886)
SHANE P. SANDERS (237146)
GINA STASSI (261263)
600 B Street, Suite 1900
San Diego, CA 92101
Telephone: (619) 525-3990
Facsimile: (619) 525-3991
brobbins@robbinsumeda.com
csmith@robbinsumeda. com
ssanders@robbinsumeda. com
gstassi@robbinsumeda.com
JOHNSON & WEAVER, LLP
FRANK J. JOHNSON (174882)
BRETT M. WEAVER (204715)
SHAWN E. FIELDS (255267)
110 West "A" Street, Suite 750
San Diego, CA 92101
Telephone: (619)230-0063
Facsimile: (619) 255-1856
frankj @j ohnsonandweaver. com
brettw@j ohnsonandweaver. com
shawnf@j ohnsonandweaver. com
THE WEISER LAW FIRM, P.C.
KATHLEEN A. HERKENHOFF (168562)
12707 High Bluff Drive, Suite 200
San Diego, CA 92130
Telephone: (858) 794-1441
Facsimile: (858) 794-1450
kah@weiserlawfinn.com
THE WEISER LAW FIRM, P.C.
ROBERT B. WEISER
BRETT D. STECKER
JEFFREY J. CIARLANTO
JOSEPH M. PROFY
121 N. Wayne Avenue, Suite 100
Wayne, PA 19087
Telephone: (610) 225-2677
Facsimile: (610)225-2678
rw@weiserlawfirai.com
bds@weiserlawfirm.com
jjc@weiserlawfirm.com
jmp@weiserlawfim.com
5. Plaintiffs' Co-Lead Counsel shall have authority to speak for Plaintiffs in matters regarding pre-trial procedure, trial, and settlement negotiations and shall make all work assignments in such manner as to facilitate the orderly and efficient prosecution of the Consolidated Action and to avoid duplicative or unproductive effort.
6. Plaintiffs' Co-Lead Counsel shall be responsible for coordinating all activities and appearances on behalf of plaintiffs in the Consolidated Action. No motion, request for discovery, or other pre-trial or trial proceedings shall be initiated or filed by any plaintiff in the Consolidated Action except through Plaintiffs' Co-Lead Counsel.
7. Defendants' counsel may rely upon all agreements made with either of Plaintiffs' Co-Lead Counsel, or other duly authorized representative of Plaintiffs' Co-Lead Counsel, and such agreements shall be binding on all plaintiffs in the Consolidated Action, and on plaintiffs in all other actions that are pending in, transferred to, or removed to, this Court that are related to, and consolidated with, the Consolidated Action.
8. This Order shall apply to each case, arising out of the same or substantially the same transactions or events as these cases, which is subsequently filed in, removed to, or transferred to this Court.
9. When a case which properly belongs as part of the In re YAHOO! Inc. Shareholder Derivative Litigation, Master Docket No. 3:11-CV-03269-CRB, is hereafter filed in, transferred to, or removed to, this Court, this Court requests the assistance of Co-Lead Counsel in filing a Notice of Pendency of Other Action or Proceeding (L.R. 3-13) (the "Notice") to call in to the attention of the clerk of the Court the filing, transfer or removal of any case which might properly be consolidated as part of the In re YAHOO! Inc. Shareholder Derivative Litigation, Master Docket No. 3:11-CV-03269-CRB, and Co-Lead Counsel are to assist in assuring that plaintiffs and their counsel in subsequent actions (the "Later Filed Plaintiff(s)") receive notice of this Order. Within the time period set forth in L.R. 3-13(c) and (d) following service of this Order and the Notice upon the Later Filed Plaintiff(s), this Court shall, if it determines appropriate to do so, enter an order consolidating the action by the Later Filed Plaintiff(s) with the Consolidated Action.
10. The October 14, 2011 hearing on the competing lead plaintiff/lead counsel and consolidation motions (including the September 30, 2011 date to submit reply briefs) is vacated.
IT IS SO ORDERED.
Respectfully submitted,
ROBBINS UMEDA LLP
SHANE P. SANDERS (237146)
SHANE P. SANDERS (237146)
JOHNSON & WEAVER, LLP
FRANK J. JOHNSON (174882)
BRETT M. WEAVER (204715)
SHAWN E. FIELDS (255267)
Counsel for Plaintiff Iron Workers Mid-South
Pension Fund and [Proposed] Co-Lead Counsel
for Plaintiffs
THE WEISER LAW FIRM, P.C.
KATHLEEN A. HERKENHOFF (168562)
THE WEISER LAW FIRM, P.C.
ROBERT B. WEISER
BRETT D. STECKER
JEFFREY J. CIARLANTO
JOSEPH M. PROFY
Counsel for Plaintiff YahiaTawila and
[Proposed] Co-Lead Counsel for Plaintiffs
LAW OFFICES OF DAVID N. LAKE
DAVID N. LAKE
LAW OFFICES OF KENNETH A. ELAN
KENNETH A. ELAN
ROY JACOBS & ASSOCIATES
ROY L. JACOBS
Counsel for Plaintiff Debra Salzman
MORRISON & FOERSTER LLP
MARK R.S. FOSTER (223682)
JORDAN ETH (121617)
ANNA ERICKSON WHITE (161385)
Counsel for Nominal Defendant Yahoo, Inc., Carol A. Bartz,
Jerry Yang, Roy Bostock, Patti Hart, Susan
James, Vyomesh Joshi, David Kenny,
Arthur Kern, Brad Smith, and Gary Wilson
CERTIFICATE OF SERVICE
I hereby certify that on October 3, 2011, 1 authorized the electronic filing of the foregoing with the Clerk of the Court using the CM/ECF system which will send notification of such filing to the e-mail addresses denoted on the attached Electronic Mail Notice List. I also certify that I caused to be mailed the foregoing document or paper via the United States Postal Service to the CM/ECF participants indicated on the attached Manual Notice List that are noted by a single asterisk (*).
YAHOO Service List
THE WEISER LAW FIRM, P.C.
KATHLEEN A. HERKENHOFF
12707 High Bluff Drive, Suite 200
San Diego CA 92130
Telephone: (858) 794-1441
Facsimile: (858) 794-1450
kah@wiserlawfirm.com
*THE WEISER LAW FIRM, P.C.
ROBERT B. WEISER
BRETT D. STECKER
JEFFREY J. CIARLANTO
JOSEPH M. PROFY
121 N. Wayne Avenue, Suite 100
Wayne, PA 19087
Telephone: (610) 225-2677
Facsimile: (610)225-2678
Counsel for Plaintiff YahiaTawila
LAW OFFICES OF DAVID N. LAKE
DAVID N. LAKE
16130 Ventura Boulevard, Suite 650
Encino, CA 91436
Telephone: (818) 788-5100
Facsimile: (818) 788-5199
david@lakelawpc.com
LAW OFFICES OF KENNETH A. ELAN
KENNETH A. ELAN
217 Broadway, Suite 606
ROBBINS UMEDA LLP
BRIAN J. ROBBINS
CRAIG W. SMITH
SHANE P. SANDERS
GINA STASSI
600 B Street, Suite 1900
San Diego, CA 92101
Telephone: (619) 525-3990
Facsimile: (619) 525-3991
brobbins@robbinsumeda.com
csmi th @robbinsumed a. com
ssanders@robbinsumeda.com
gstassi@robbinsumeda. com
JOHNSON & WEAVER LLP
FRANK J. JOHNSON
BRETT M. WEAVER
110 West "A" Street, Suite 750
San Diego, California 92101
Telephone: (619) 230-0063
Facsimile: (619)255-1856
Counsel for plaintiff Iron Workers Mid-South
Pension Fund
New York, NY 10007
Telephone: (212) 619-0261
Facsimile: (212) 385-2707
elanfirm@yahoo. com
ROY JACOBS & ASSOCIATES
ROY L. JACOBS
60 East 42nd Street, 46th Floor
New York, NY 10165
Telephone: (212) 867-1156
Facsimile: (212) 504-8343
Counsel for Plaintiff Debra Salzman
DEFENDANTS
*MORRISON & FOERSTER LLP
MARK R.S. FOSTER
425 Market Street
San Francisco, CA 94105
Telephone: (415) 268-6335
Facsimile: (415) 276-7349
Counsel for Yahoo, Inc., Carol A. Bartz, Jerry
Yang, Roy Bostock, Patti Hart, Susan James,
Vyomesh Joshi, David Kenny, Arthur Kern,
Brad Smith, and Gary Wilson
Defendant Jack Ma
24/F, Jubilee Center
18 Fenwick Street
Wanchai, Hong Kong, China
In Pro Per
I certify under the penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed on October 3, 2011.
SHANE P. SANDERS
600 B Street, Suite 1900
San Diego, CA 92101
Telephone: (619) 525-3990
Facsimile: (619) 525-3991
ssand ers@robbinsumed a. com