IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE
`
`C. A. No. 2018-0307-JRS
`
`::::::::::::::::::::::::::
`
`KAREN SBRIGLIO, FIREMEN’S
`RETIREMENT SYSTEM OF ST.
`LOUIS, and CALIFORNIA STATE
`TEACHERS’ RETIREMENT
`SYSTEM, derivatively on behalf of
`Nominal Defendant FACEBOOK,
`INC.,
`
`Plaintiffs,
`
`v.
`
`MARK ZUCKERBERG, SHERYL
`SANDBERG, MARC ANDREESSEN,
`ERSKINE B. BOWLES, SUSAN
`DESMOND-HELLMANN, REED
`HASTINGS, JAN KOUM, PETER A.
`THIEL, and
`PRICEWATERHOUSECOOPERS,
`LLP,
`
`Defendants, and
`
`FACEBOOK, INC.,
`
`Nominal Defendant
`
`1
`
`EFiled: Dec 22 2020 02:21PM EST
`Transaction ID 66205746
`Case No. 2018-0307-JRS
`
`
`
`C. A. No. 2018-0307-JRS
`
`::::::::::::::::::::::::::
`
`KAREN SBRIGLIO, FIREMEN’S
`RETIREMENT SYSTEM OF ST.
`LOUIS, and CALIFORNIA STATE
`TEACHERS’ RETIREMENT
`SYSTEM, derivatively on behalf of
`Nominal Defendant FACEBOOK,
`INC.,
`
`Plaintiffs,
`
`v.
`
`MARK ZUCKERBERG, SHERYL
`SANDBERG, MARC ANDREESSEN,
`ERSKINE B. BOWLES, SUSAN
`DESMOND-HELLMANN, REED
`HASTINGS, JAN KOUM, PETER A.
`THIEL, and
`PRICEWATERHOUSECOOPERS,
`LLP,
`
`Defendants, and
`
`FACEBOOK, INC.,
`
`Nominal Defendant
`
`1
`
`EFiled: Dec 22 2020 02:21PM EST
`Transaction ID 66205746
`Case No. 2018-0307-JRS
`
`
`
`C. A. No. 2020-0363-JRS
`
`:::::::::::::::::::::::::::::::
`
`CONSTRUCTION AND GENERAL
`BUILDING LABORERS’ LOCAL
`NO. 79 GENERAL FUND, CITY OF
`BIRMINGHAM RETIREMENT AND
`RELIEF SYSTEM, and LIDIA LEVY,
`
`Plaintiffs,
`
`v.
`
`MARK ZUCKERBERG, SHERYL
`SANDBERG, PEGGY ALFORD,
`MARC ANDREESSEN, KENNETH
`CHENAULT, PETER THIEL,
`JEFFREY ZIENTS, ERSKINE
`BOWLES, SUE DESMOND-
`HELLMANN, REED HASTINGS,
`JAN KOUM, LEE ATWAHL,
`KONSTANTINOS
`PAPAMILTIADIS, SAM LESSIN,
`CHRISTOPHER COX, DAVID
`FISHER, MICHAEL SCHROPEFER,
`COLIN STRETCH, and DAVID
`WEHNER,
`
`Defendants,
`
`and
`
`FACEBOOK, INC.,
`
`Nominal Defendant.
`
`STIPULATION AND [PROPOSED] ORDER
`
`WHEREAS, the actions captioned Sbriglio v. Zuckerberg, C.A. No. 2018-
`
`0307-JRS (the “Sbriglio Action”), Construction & General Building Laborers’
`
`2
`
`
`
`Local No. 79 v. Zuckerberg, C.A. No. 2020-0363-JRS (the “Local 79 Action”),
`
`Feuer v. Zuckerberg, C.A. 2019-0324-JRS (the “Feuer Action”), and Employees’
`
`Retirement System of Rhode Island v. Facebook, Inc., C.A. No. 2020-0085-JRS (the
`
`“Rhode Island Action”), are pending before this Court;
`
`WHEREAS, on October 28, 2020, plaintiffs in the Local 79 Action filed a
`
`Motion for Consolidation of Related Actions and Entry of a Briefing Schedule for
`
`Appointment of Lead Plaintiff(s) and Lead Counsel (the “Motion for
`
`Consolidation”);
`
`WHEREAS, the Motion for Consolidation seeks consolidation of the Local
`
`79 Action and the Sbriglio Action and a briefing schedule to appoint lead plaintiff(s)
`
`and lead counsel;
`
`WHEREAS, on October 29, 2020, Employees’ Retirement System of Rhode
`
`Island (“Rhode Island”) filed a Motion to Intervene and Oppose, In Part, Local 79
`
`Plaintiffs’ Motion for Consolidation of Related Actions and Entry of a Briefing
`
`Schedule for Appointment of Lead Plaintiff(s) and Lead Counsel (the “Rhode Island
`
`Motion to Intervene”); and
`
`WHEREAS, plaintiff in the Feuer Action filed his Motion to Intervene in the
`
`Sbriglio Action and Local 79 Action on December 16, 2020 (the “Feuer Motion to
`
`Intervene” and, together with the Motion for Consolidation and the Rhode Island
`
`Motion to Intervene, the “Motions”). The hearing on the Motions has been set by
`
`3
`
`
`
`the Court for January 12, 2020 at 1:30 p.m. Counsel have conferred regarding and
`
`agreed to a briefing schedule for the Feuer Motion to Intervene;
`
`IT IS HEREBY STIPULATED AND AGREED, by and among the parties
`
`hereto, through their undersigned counsel, subject to the approval of the Court, that:
`
`1.
`
`Any response(s) to the Feuer Motion to Intervene shall be filed
`
`by December 23, 2020.
`
`2.
`
`Any reply(ies) in further support of the Feuer Motion to
`
`Intervene shall be filed by January 5, 2021.
`
`CIARDI CIARDI & ASTIN
`
`/s/ Daniel K. Astin
`Daniel K. Astin (No. 4068)
`1204 N. King Street
`Wilmington, DE 19801
`(302) 658-1100
`
`Counsel for Proposed Intervenor R. A. Feuer
`
`OF COUNSEL:
`
`CIARDI, CIARDI & ASTIN
`Albert A. Ciardi III
`Walter W. Gouldsbury III
`1905 Spruce Street
`Philadelphia, PA 19103
`(215) 557-3550
`
`GREENFIELD & GOODMAN LLC
`Richard D. Greenfield
`1905 Spruce Street
`Philadelphia, PA 19103
`(917) 495-4446
`
`4
`
`
`
`DILWORTH PAXSON LLP
`
`ROSS ARONSTAM & MORITZ LLP
`
`By: /s/ Thaddeus J. Weaver
`Thaddeus J. Weaver (Id. No. 2790)
`One Customs House
`704 King Street, Suite 500
`P.O. Box 1031
`Wilmington, DE 19899
`(302) 571-8867 (telephone)
`(302) 655-1480 (facsimile)
`tweaver@dilworthlaw.com
`Counsel for Plaintiffs Karen Sbriglio,
`Firemen’s Retirement System of St.
`Louis, and California State Teachers’
`Retirement System
`
`OF COUNSEL:
`
`Catherine Pratsinakis (Id. No. 4820)
`DILWORTH PAXSON LLP
`1500 Market Street, Suite 3500E
`Philadelphia, PA 19102
`(215) 575-7000
`cpratsinakis@dilworthlaw.com
`
`Frederic S. Fox (Admitted PHV)
`David A. Straite (Id. No. 5428)
`Aaron L. Schwartz (Admitted PHV)
`KAPLAN FOX & KILSHEIMER LLP
`850 Third Ave., 14th Floor
`New York, NY 10022
`(212) 687-1980
`ffox@kaplanfox.com
`dstraite@kaplanfox.com
`aschwartz@kaplanfox.com
`
`By: /s/ R. Garrett Rice
`David E. Ross (Id. No. 5228)
`R. Garrett Rice (Id. No. 6242)
`100 S. West Street, Suite 400
`Wilmington, Delaware 19801
`(302) 576-1600 (telephone)
`(302) 576-1100 (facsimile)
`dross@ramllp.com
`grice@ramllp.com
`Counsel for Defendants Mark Zuckerberg,
`Sheryl Sandberg, Marc Andreessen, Erskine
`B. Bowles, Susan Desmond-Hellmann, Reed
`Hastings, Jan Koum, Peter A. Thiel and
`Nominal Defendant Facebook, Inc.
`
`OF COUNSEL:
`Orin Snyder
`GIBSON, DUNN & CRUTCHER LLP
`200 Park Avenue
`New York, NY 10166-0193
`
`Brian M. Lutz
`Kristin A. Linsley
`GIBSON DUNN & CRUTCHER LLP
`555 Mission Street, Suite 3000
`San Francisco, CA 94105-0921
`
`Joshua S. Lipshutz
`GIBSON DUNN & CRUTCHER LLP
`1050 Connecticut Avenue, N.W.
`Washington, DC 20036-5306
`
`Paul J. Collins
`GIBSON DUNN & CRUTCHER LLP
`1881 Page Mill Road
`Palo Alto, CA 94304-1211
`
`5
`
`
`
`MORRIS NICHOLS ARSHT &
`TUNNELL LLP
`
`By: /s/ Jon E. Abramczyk
`Jon E. Abramczyk (Id. No. 2432)
`1201 N. Market Street, 16th Floor
`P.O. Box 1347
`Wilmington, DE 19899
`(302) 351-9211 (telephone)
`(302) 658-3989 (facsimile)
`jabramczyk@mnat.com
`Counsel for Defendant
`PricewaterhouseCoopers LLP
`
`OF COUNSEL:
`James P. Cusick
`J. Emmett Murphy
`KING & SPALDING LLP
`1185 Avenue of the Americas
`New York, NY 10036
`
`PRICKETT, JONES & ELLIOTT,
`P.A.
`
`By: /s/ Samuel L. Closic
`Kevin H. Davenport (Bar No.5327)
`Samuel L. Closic (Bar No. 5468)
`John G. Day (Bar No. 6023)
`1310 King Street
`Wilmington, Delaware 19801
`(302) 888-6500
`
`Counsel for Plaintiff Construction and
`General Building Laborers’ Local
`Union No. 79 General Fund and
`Proposed Co-Lead Counsel
`
`ANDREWS & SPRINGER, LLC
`Peter B. Andrews (Bar No. 4623)
`Craig J. Springer (Bar No. 5529)
`David M. Sborz (Bar No. 6203)
`3801 Kennett Pike
`Building C, Suite 305
`Wilmington, Delaware 19807
`Tel: (302)-504-4957
`
`Counsel for Plaintiff City of
`Birmingham Relief and Additional
`Counsel for Plaintiffs
`
`6
`
`
`
`O’KELLY ERNST & JOYCE, LLC
`Ryan M. Ernst (Bar No. 4788)
`901 N. Market Street, Suite 1000
`Wilmington, DE 19801
`Tel: (302) 778-4000
`
`Counsel for Plaintiff Lidia Levy and
`Additional Counsel for Plaintiffs
`
`HEYMAN ENERIO GATTUSO
`& HIRZEL LLP
`
`/s/ Kurt M. Heyman
`Kurt M. Heyman (Bar No. 3054)
`Aaron M. Nelson (Bar No. 5941)
`300 Delaware Ave., Suite 200
`Wilmington, Delaware 19801
`(302) 472-7300
`Counsel for Proposed Intervenor
`Employees’ Retirement System of Rhode
`Island
`
`BLOCK & LEVITON LLP
` /s/ Nathan A. Cook
`Nathan A. Cook (Bar No. 4841)
`8 W. Mozart Dr.
`Wilmington, Delaware 19807
`(302) 499-3600
`Counsel for Proposed Intervenor
`Employees’ Retirement System of
`Rhode Island
`
`7
`
`
`
` OF COUNSEL:
`
`BLOCK & LEVITON LLP
`Jason M. Leviton
`Joel A. Fleming
`Lauren Godles Milgroom
`Amanda R. Crawford
`260 Franklin St., Suite 1860
`Boston, Massachusetts 02110
`(617) 398-5600
`
`Dated: December 22, 2020
`
`IT IS SO ORDERED this ___ day of _____________, 2020.
`
`__________________________________________
` Vice Chancellor Joseph R. Slights III
`
`8
`
`
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