Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 1 of 10
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`Lesley E. Weaver (SBN 191305)
`BLEICHMAR FONTI & AULD LLP
`1330 Broadway, Suite 630
`Oakland, CA 94612
`Telephone: (415) 445-4003
`E-mail: lweaver@bfalaw.com
`
`Marlon E. Kimpson (pro hac vice)
`William S. Norton (pro hac vice)
`MOTLEY RICE LLC
`28 Bridgeside Boulevard
`Mt. Pleasant, SC 29464
`Telephone: (843) 216-9000
`E-mail: mkimpson@motleyrice.com
`
` bnorton@motleyrice.com
`
`Mark C. Molumphy (SBN 168009)
`COTCHETT, PITRE & MCCARTHY, LLP
`840 Malcolm Road
`Burlingame, CA 94010
`Telephone: (650) 697-6000
`E-mail: mmolumphy@cpmlegal.com
`
`Co-Lead Counsel for Co-Lead Plaintiffs
`
`[Additional counsel on signature page]
`
`Brendan P. Cullen (SBN 194057)
`Sverker K. Hogberg (SBN 244640)
`SULLIVAN & CROMWELL LLP
`550 Hamilton Avenue
`Palo Alto, CA 94301
`Telephone: (650) 461-5600
`E-mail: cullenb@sullcrom.com
` hogbergs@sullcrom.com
`Counsel for Nominal Defendant Wells Fargo &
`Company
`
`Todd G. Cosenza (admitted pro hac vice)
`Charles Cording (admitted pro hac vice)
`Zeh S. Ekono (admitted pro hac vice)
`Patricia O. Haynes (admitted pro hac vice)
`WILLKIE FARR & GALLAGHER LLP
`787 Seventh Avenue
`New York, NY 10019-6099
`Telephone: (212) 728-8677
`E-mail: tcosenza@willkie.com
` ccording@willkie.com
` zekono@willkie.com
` phaynes@willkie.com
`Counsel for Defendants Steven D. Black, Mark A.
`Chancy, Celeste A. Clark, Theodore F. Craver,
`Jr., Richard K. Davis, Wayne M. Hewett, Donald
`M. James, Cecelia G. Morken, Maria R. Morris,
`Felicia F. Norwood, Charles H. Noski, Richard B.
`Payne, Jr., Juan A. Pujadas, Ronald L. Sargent,
`and Suzanne M. Vautrinot
`[Additional counsel on signature page]
`
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`UNITED STATES DISTRICT COURT
`NORTHERN DISTRICT OF CALIFORNIA
`SAN FRANCISCO DIVISION
`
`
`IN RE WELLS FARGO & COMPANY
`CONSOLIDATED DERIVATIVE
`SHAREHOLDER LITIGATION,
`
`
`This Document Relates to:
`
`
`ALL ACTIONS
`
`Case No. 3:22-cv-05173-TLT
`
`JOINT CASE MANAGEMENT
`STATEMENT
`
`April 17, 2025 at 2:00 p.m.
`Courtroom 9, 19th Floor
`The Honorable Trina L. Thompson
`
`
`JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
`
`

`

`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 2 of 10
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`Jennifer Kennedy Park (SBN 344888)
`CLEARY GOTTLIEB STEEN & HAMILTON LLP
`1841 Page Mill Rd., Suite 250
`Palo Alto, CA 94304
`Telephone: (650) 815-4130
`E-mail: jkpark@cgsh.com
`Counsel for Defendant Charles W. Scharf
`
`
`
`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
`
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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 3 of 10
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`Co-Lead Plaintiffs City of Plantation Police Officers’ Retirement Fund, City of Pontiac
`Reestablished General Employees Retirement System, and Amy J. Cook (“Co-Lead Plaintiffs” or
`“Plaintiffs”), together with Defendants Charles W. Scharf, Steven D. Black, Mark A. Chancy, Celeste
`A. Clark, Theodore F. Craver, Jr., Richard K. Davis, Wayne M. Hewett, Donald M. James, Cecelia
`G. Morken, Maria R. Morris, Felicia F. Norwood, Charles H. Noski, Richard B. Payne, Jr., Juan A.
`Pujadas, Ronald L. Sargent, and Suzanne M. Vautrinot (the “Director Defendants”), and Nominal
`Defendant Wells Fargo & Company (“Wells Fargo” or the “Company,” together with the Director
`Defendants, “Defendants,” and together with Co-Lead Plaintiffs and Defendants, the “Parties”),
`respectfully submit this Further Joint Case Management Statement in accordance with the Court’s
`November 1, 2024, Revised Case Management and Scheduling Order (ECF No. 192), the Standing
`Order for All Judges of the Northern District of California, and Civil Local Rule 16-10(d).
`CHANGES SINCE THE LAST CASE MANAGEMENT CONFERENCE
`I.
`The last case management conference was held on October 31, 2024. Following that
`conference, on November 1, 2024, the Court revised the case schedule, including setting key
`deadlines, including a trial date on April 27, 2026. (ECF No. 192.)
`On January 16, 2025, the Court granted Defendants Scott Powell, Carly Sanchez, and Kleber
`Santos’s Motion to Dismiss. (ECF No. 198.)
`On February 6, 2025, the Parties filed a Joint Case Management Statement and Rule 26(f)
`Report. (ECF No. 204.)
`The Director Defendants filed their answers on March 10, 2025. (ECF Nos. 215 and 216.)
`In addition, since January, the Parties have filed, and the Court has entered, three stipulated
`orders regarding discovery (ECF Nos. 210, 214, 219), filed one joint discovery brief (see infra § II),
`and engaged in discovery (see infra § VI).
`PENDING MOTIONS
`II.
`On March 26, 2025, the Plaintiffs and Wells Fargo filed a joint discovery brief with Judge
`Kim, regarding (1) the appropriate number of document custodians, and (2) the time period for
`discovery relating to Plaintiffs’ “lending claims.” (ECF No. 217.) Those issues are set to be heard
`
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`FURTHER JOINT CASE MANAGEMENT STATEMENT
`LEAD CASE NUMBER: 3:22-cv-05173-TLT
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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 4 of 10
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`by Judge Kim on April 14, 2025 at 9:30 a.m. The Parties are currently discussing other potential
`discovery disputes, which Plaintiffs anticipate may require court involvement to resolve.
`III. AMENDMENT OF PLEADINGS
`On September 20, 2024, the Court issued its Order Granting-in-Part and Denying-in-Part
`Defendants’ Motions to Dismiss. (ECF No. 176.) On October 3, 2024, Co-Lead Plaintiffs filed their
`Second Amended Complaint. (ECF No. 177.) On January 16, 2025, this Court granted Defendants
`Scott Powell, Carly Sanchez, and Kleber Santos’s Motion to Dismiss. (ECF No. 198.) On March 10,
`2025, the Director Defendants answered Plaintiffs’ Second Amended Complaint. (ECF Nos. 215,
`216.) The deadline to amend pleadings has passed. (See ECF No. 192.)
`EVIDENCE PRESERVATION
`IV.
`The Parties have reviewed the Northern District of California Guidelines Relating to the
`Discovery of ESI and confirm that they have taken reasonable and proportionate steps to preserve
`evidence relevant to the Action consistent with the Guidelines. See Stipulation and Order Re: ESI,
`entered March 10, 2025 (ECF No. 214).
`DISCLOSURES
`V.
`On January 23, 2025, the Parties conducted their Rule 26(f) conference. (See ECF No. 204.)
`Plaintiffs served their Fed. R. Civ. P. 26 Initial Disclosures on February 6, 2025. Defendants served
`their Fed. R. Civ. P. 26 Initial Disclosures on February 13, 2025.
`VI. DISCOVERY
`The Court referred this Action to Magistrate Judge Sallie Kim for discovery on February 12,
`2025. (ECF No. 208.) Accordingly, the Parties will bring any discovery disputes directly to
`Magistrate Judge Kim for resolution.
`Discovery Taken to Date
`A.
`1.
`Plaintiffs’ Position
`
`On January 24, 2025, Plaintiffs served their First Set of Document Requests (“Plaintiffs’ First
`Document Requests”) to Defendants and Nominal Defendant. Defendants served their responses and
`objections to Plaintiffs’ First Document Requests on February 29, 2025. Since that time, the Parties
`have met and conferred regarding Plaintiffs’ First Document Requests. In the last several weeks,
`
`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
`
`

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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 5 of 10
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`Wells Fargo re-produced to Plaintiffs thousands of documents previously produced in two litigations
`pending against the Company, In re Wells Fargo Mortgage Discrimination Litig., No. 3:22-cv-00990-
`JD (N.D. Cal.) and SEB Inv. Mgmt. AB v. Wells Fargo & Co., No. 3:22-cv-03811-TLT (N.D. Cal.).
`However, in response to Plaintiffs’ First Document Requests, neither Wells Fargo nor any other
`Defendant has produced (and Plaintiffs have yet to receive) documents collected specifically for this
`litigation. For example, in response to Plaintiffs’ First Document Requests, Plaintiffs have not
`received Board of Directors-level documents or documents produced by any of the Individual
`Defendants specifically for this case. Defendants have reassured Plaintiffs that these case-specific
`productions will be forthcoming.
`On January 31, 2024, Plaintiffs served their Notice of Fed. R. Civ. P. 30(b)(6) Videotaped
`Deposition of Defendant Wells Fargo (“30(b)(6) Notice”). The 30(b)(6) Notice covers a variety of
`relevant topics concerning Plaintiffs’ claims, Defendants’ document collection efforts, and available
`insurance coverage. Wells Fargo objected to the 30(b)(6) Notice but has confirmed—subject to the
`Parties’ agreement on the number of Rule 30(b)(1) and Rule 30(b)(6) depositions—that Wells Fargo
`will provide deposition dates for certain Rule 30(b)(6) topics by April 18, 2025, and make witness(es)
`available by May 23, 2025. The Parties have agreed to finish meeting and conferring about the
`remaining 30(b)(6) topics by June 30, 2025.
`2.
`Defendants’ Position
`
`The Parties are currently negotiating the scope of additional discovery. Wells Fargo will make
`rolling productions of documents that are identified using search parameters that are either agreed-
`upon by the Parties, or ordered by the Court. The Director Defendants served Responses and
`Objections to Lead Plaintiffs’ First Set of Document Requests on February 28, 2025. Plaintiffs have
`not yet reached out to meet and confer with the Director Defendants regarding their Responses and
`Objections.
`Scope of Anticipated Discovery
`B.
`The Parties anticipate that the scope of discovery will include requests for the production of
`documents, non-party document subpoenas, interrogatories, requests for admission, and depositions
`concerning facts relevant to the legal issues.
`
`
`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
`
`

`

`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 6 of 10
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`C. Modifications on Limits to Discovery
`1.
`Plaintiffs’ Position
`
`Plaintiffs believe that the complexity of the facts underlying their claims and the number of
`potential key witnesses (including sixteen Individual Defendants, other key Wells Fargo employees,
`and certain non-parties and their representatives) warrants departing from the limitation on
`depositions prescribed by Fed. Rule Civ. P. 30. Because document productions only recently
`commenced, Plaintiffs are not yet in a position to determine how many additional depositions may
`be needed, but have proposed taking thirty-five (35) fact depositions.
`Plaintiffs also believe the complexity of the facts underlying their claims warrant departing
`from the limitation of twenty-five interrogatories provided by Fed. R. Civ. P 33. Given the recent
`production of documents, and ongoing discussions, Plaintiffs are not yet able to determine how many
`additional interrogatories may be needed and intend to confer with Defendants on this topic.
`2.
`Defendants’ Position
`The Parties are actively engaged in discussions regarding potential modifications to the limits
`on fact discovery set forth in the Federal Rules of Civil Procedure. If the Parties are unable to reach
`agreement concerning any proposed modifications, they will file a joint letter pursuant to Magistrate
`Judge Kim’s Standing Order.
`Fact Discovery Cut-Off and Substantial Completion
`D.
`The cut-off for fact discovery is August 1, 2025. (ECF No. 192 at 1.) After meeting and
`conferring, the Parties agreed that a substantial completion deadline for the production of documents
`is appropriate, but require resolution on the pending discovery motion (ECF No. 217) in order to
`finalize this date.
`Protective Order
`E.
`The Court approved the Parties’ Stipulated Protective Order on March 3, 2025. (ECF
`No. 210.)
`Electronic Discovery
`F.
`The Court approved the Parties’ Stipulated ESI Order on March 10, 2025. (ECF No. 214.)
`
`
`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 7 of 10
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`VII. OTHER MATTERS
`Plaintiffs are working to move discovery forward as quickly as possible. For example,
`Plaintiffs served discovery requests the day after the Rule 26(f) conference and served their Fed. R.
`Civ P. 30(b)(6) Notice on Wells Fargo one week later. Plaintiffs served search terms for ESI-related
`documents a few weeks later. Despite moving as quicky as the Federal Rules allow, the fact discovery
`cut-off of August 1, 2025 for this complex case is fast approaching. As such, Plaintiffs request that
`the Court set another case management conference prior to the August 1, 2025 deadline, to allow the
`Parties to provide a further update on the status on discovery.
`
`Dated: April 10, 2025
`By: /s/ Lesley E. Weaver
`
`Lesley E. Weaver (SBN 191305)
`Anne K. Davis (SBN 267909)
`Joshua D. Samra (SBN 313050)
`BLEICHMAR FONTI & AULD LLP
`1330 Broadway, Suite 630
`Oakland, CA 94612
`Telephone: (415) 445-4003
`E-mail: lweaver@bfalaw.com
`
` adavis@bfalaw.com
` jsamra@bfalaw.com
`
`Nancy A. Kulesa (pro hac vice)
`BLEICHMAR FONTI & AULD LLP
`300 Park Avenue, Suite 1301
`New York, NY 10022
`Telephone: (212) 789-1343
`E-mail: nkulesa@bfalaw.com
`
`Derrick B. Farrell (pro hac vice)
`BLEICHMAR FONTI & AULD LLP
`3411 Silverside Rd.
`Baynard Building, Ste. 104
`Wilmington, DE 19810
`Telephone: (302) 499-2158
`E-mail: dfarrell@bfalaw.com
`
`By: /s/ Marlon E. Kimpson
`
`Marlon E. Kimpson (pro hac vice)
`
`
`
`Respectfully submitted,
`By: /s/ Brendan P. Cullen
`
`Brendan P. Cullen (SBN 194057)
`Sverker K. Hogberg (SBN 244640)
`SULLIVAN & CROMWELL LLP
`550 Hamilton Avenue
`Palo Alto, California 94301
`Telephone: (650) 461-5600
`E-mail: cullenb@sullcrom.com
` hogbergs@sullcrom.com
`
`
`Christopher M. Viapiano (pro hac vice)
`SULLIVAN & CROMWELL LLP
`1700 New York Avenue N.W., Suite 700
`Washington, D.C. 20006
`Telephone: (202) 956-7500
`E-mail: viapianoc@sullcrom.com
`
`Leonid Traps (pro hac vice)
`SULLIVAN & CROMWELL LLP
`125 Broad Street
`New York, New York 10004
`Telephone: (212) 558-4000
`E-mail: trapsl@sullcrom.com
`
`Counsel for Nominal Defendant Wells Fargo &
`Company
`
`WILLKIE FARR & GALLAGHER LLP
`
`By: /s/ Todd G. Cosenza
`
`
`
`
`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 8 of 10
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`William S. Norton (pro hac vice)
`Joshua C. Littlejohn (pro hac vice)
`Vanessa A. Davis (pro hac vice)
`MOTLEY RICE LLC
`28 Bridgeside Boulevard
`Mt. Pleasant, SC 29464
`Telephone: (843) 216-9000
`E-mail: mkimpson@motleyrice.com
`
` bnorton@motleyrice.com
` jlittlejohn@motleyrice.com
`vdavis@motleyrice.com
`
`By: /s/ Mark C. Molumphy
`
`Mark C. Molumphy (SBN 168009)
`Tyson Redenbarger (SBN 294424)
`Elle D. Lewis (SBN 238329)
`Gia Jung (SBN 340160)
`COTCHETT, PITRE & MCCARTHY, LLP
`840 Malcolm Road
`Burlingame, CA 94010
`Telephone: (650) 697-6000
`E-mail: mmolumphy@cpmlegal.com
`
` tredenbarger@cpmlegal.com
` elewis@cpmlegal.com
` gjung@cpmlegal.com
`
`Co-Lead Counsel for Co-Lead Plaintiffs
`
`Francis A. Bottini, Jr. (SBN 175783)
`Albert Y. Chang (SBN 296065)
`Anne B. Beste (SBN 326881)
`BOTTINI & BOTTINI, INC.
`7817 Ivanhoe Avenue, Suite 102
`La Jolla, California 92037
`Telephone: (858) 914-2001
`E-mail: fbottini@bottinilaw.com
` achang@bottinilaw.com
` abeste@bottinilaw.com
`
`
`Additional Counsel for Plaintiff Amy J. Cook
`
`
`
`Todd G. Cosenza (admitted pro hac vice)
`Charles Cording (admitted pro hac vice)
`Zeh S. Ekono (admitted pro hac vice)
`Patricia O. Haynes (admitted pro hac vice)
`787 Seventh Avenue
`New York, NY 10019-6099
`Telephone: (212) 728-8000
`E-mail: tcosenza@willkie.com
` ccording@willkie.com
` zekono@willkie.com
` phaynes@willkie.com
`Alexander L. Cheney (SBN 302157)
`Tiffany Lin (SBN 321472)
`333 Bush Street, 34th Floor
`San Francisco, CA 94104
`Telephone: (415) 858-8000
`Facsimile: (415) 858-7599
`E-mail: acheney@willkie.com
` tlin@willkie.com
`Counsel for Defendants Steven D. Black, Mark A.
`Chancy, Celeste A. Clark, Theodore F. Craver,
`Jr., Richard K. Davis, Wayne M. Hewett, Donald
`M. James, Cecelia G. Morken, Maria R. Morris,
`Felicia F. Norwood, Charles H. Noski, Richard
`B. Payne, Jr., Juan A. Pujadas, Ronald L.
`Sargent, and Suzanne M. Vautrinot
`
`By: /s/ Jennifer Kennedy Park
`
`Jennifer Kennedy Park (SBN 344888)
`CLEARY GOTTLIEB STEEN & HAMILTON LLP
`1841 Page Mill Rd., Suite 250
`Palo Alto, CA 94304
`Telephone: (650) 815-4130
`E-mail: jkpark@cgsh.com
`
`Victor L. Hou (pro hac vice forthcoming)
`Mark E. McDonald (pro hac vice forthcoming)
`CLEARY GOTTLIEB STEEN & HAMILTON LLP
`One Liberty Plaza
`New York, NY 10006
`Telephone: (212) 225-2000
`E-mail: vhou@cgsh.com
` memcdonald@cgsh.com
`Counsel for Defendant Charles W. Scharf
`
`
`
`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
`
`

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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 9 of 10
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`ATTESTATION PURSUANT TO CIVIL LOCAL RULE 5-1(i)(3)
`I, Tyson C. Redenbarger, attest that concurrence in the filing of this document has been
`obtained from the other signatories. I declare under penalty of perjury that the foregoing is true and
`correct. Executed this 10th day of April, 2025, at Burlingame, California.
`/s/ Tyson C. Redenbarger
`Tyson C. Redenbarger
`
`
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`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
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`Case 3:22-cv-05173-TLT Document 222 Filed 04/10/25 Page 10 of 10
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`CERTIFICATE OF SERVICE
`I, Tyson C. Redenbarger, hereby certify that on April 10, 2025, I electronically filed the
`foregoing document with the Clerk of the United States District Court for the Northern District of
`California using the CM/ECF system, which will send electronic notification to all counsel of record.
`
`/s/ Tyson C. Redenbarger
`Tyson C. Redenbarger
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`FURTHER JOINT CASE MANAGEMENT STATEMENT
`CASE NUMBER: 3:22-cv-05173-TLT
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