COBALT PARTNERS, LP v. SunEDISON, INC.

No. C 16-02263 WHA, Case No. 3:16-cv-02264-WHA., 3:16-cv-02265-WHA, 3:16-cv-02268-WHA

COBALT PARTNERS, LP, COBALT PARTNERS II, LP, COBALT OFFSHORE MASTER FUND, LP AND COBALT KC PARTNERS, LP, Plaintiffs, v. SUNEDISON, INC., AHMAD CHATILA, BRIAN WUEBBELS, MARTIN TRUONG, ALEJANDRO HERNANDEZ, EMMANUEL HERNANDEZ, ANTONIO R. ALVAREZ, PETER BLACKMORE, CLAYTON DALEY JR., GEORGANNE PROCTOR, STEVEN TESORIERE, JAMES B. WILLIAMS, RANDY H. ZWIRN, GOLDMAN, SACHS & CO., J.P. MORGAN SECURITIES LLC, MORGAN STANLEY & CO. LLC, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, DEUTSCHE BANK SECURITIES INC., MACQUARIE CAPITAL (USA), INC., MCS CAPITAL MARKETS LLC and DOES 1-25, inclusive, Defendants. AND RELATED CASES.

United States District Court, N.D. California.

August 26, 2016.


Attorney(s) appearing for the Case

Cobalt Partners, LP., Plaintiff, represented by Darren Jay Robbins , Robbins Geller Rudman & Dowd LLP, David William Hall , Robbins Geller Rudman & Dowd LLP, Dennis J. Herman , Robbins Geller Rudman & Dowd LLP, James Ian Jaconette , Robbins Geller Rudman & Dowd LLP, Jennifer N. Caringal , Robbins Geller Rudman and Dowd LLP, Scott H. Saham , Robbins Geller Rudman & Dowd LLP & Susan Goss Taylor , Coughlin Stoia Geller Rudman and Robbins LLP.

Cobalt Partners II, LP, Plaintiff, represented by Darren Jay Robbins , Robbins Geller Rudman & Dowd LLP, David William Hall , Robbins Geller Rudman & Dowd LLP, Dennis J. Herman , Robbins Geller Rudman & Dowd LLP, James Ian Jaconette , Robbins Geller Rudman & Dowd LLP, Jennifer N. Caringal , Robbins Geller Rudman and Dowd LLP, Scott H. Saham , Robbins Geller Rudman & Dowd LLP & Susan Goss Taylor , Coughlin Stoia Geller Rudman and Robbins LLP.

Cobalt Offshore Master Fund, LP, Plaintiff, represented by Darren Jay Robbins , Robbins Geller Rudman & Dowd LLP, David William Hall , Robbins Geller Rudman & Dowd LLP, Dennis J. Herman , Robbins Geller Rudman & Dowd LLP, James Ian Jaconette , Robbins Geller Rudman & Dowd LLP, Jennifer N. Caringal , Robbins Geller Rudman and Dowd LLP, Scott H. Saham , Robbins Geller Rudman & Dowd LLP & Susan Goss Taylor , Coughlin Stoia Geller Rudman and Robbins LLP.

Cobalt KC Partners, LP, Plaintiff, represented by Darren Jay Robbins , Robbins Geller Rudman & Dowd LLP, David William Hall , Robbins Geller Rudman & Dowd LLP, Dennis J. Herman , Robbins Geller Rudman & Dowd LLP, James Ian Jaconette , Robbins Geller Rudman & Dowd LLP, Jennifer N. Caringal , Robbins Geller Rudman and Dowd LLP, Scott H. Saham , Robbins Geller Rudman & Dowd LLP & Susan Goss Taylor , Coughlin Stoia Geller Rudman and Robbins LLP.

SunEdison, Inc., Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Ahmad Chatila, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Brian Wuebbels, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Martin Truong, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Emmanuel T. Hernandez, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Antonio R. Alvarez, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Clayton Daley, Jr., Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Georganne Proctor, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Steven Tseoriere, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

James B. Williams, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Randy H. Zwirn, Defendant, represented by Sara B. Brody , Sidley Austin LLP, Jaime Allyson Bartlett , Sidley Austin LLP, Norman J. Blears , Sidley Austin LLP, Robin Eve Wechkin , Sidley Austin LLP, pro hac vice & Sarah Alison Hemmendinger , Sidley Austin LLP.

Peter Blackmore, Defendant, represented by Jie Li , WilmerHale LLP, Michael G. Bongiorno , Wilmer Cutler Pickering Hale and Dorr LLP, pro hac vice, Rachel Lee Gargiulo , Wilmer Cutler Pickering Hale and Dorr LLP & Timothy J. Perla , Wilmer Cutler Pickering Hale and Dorr, pro hac vice.

Goldman, Sachs & Co., Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

J.P. Morgan Securities LLC, Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

Morgan Stanley & Co. LLC, Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

Merrill Lynch, Pierce, Fenner & Smith Incorporated, Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

Deutsche Bank Securities Inc., Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

Macquarie Capital (USA) Inc., Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

MCS Capital Markets LLC, Defendant, represented by Patrick David Robbins , Shearman & Sterling LLP, Adam S. Hakki , Shearman & Sterling, pro hac vice, Daniel Craig Lewis , Shearman and Sterling LLP, pro hac vice & Jonah Platt Ross , Shearman and Sterling LLP.

Alejandro Hernandez, Defendant, represented by Daniel H. Bookin , O'Melveny & Myers LLP & Jaime Allyson Bartlett , Sidley Austin LLP.


ORDER (1) DENYING MOTIONS TO REMAND; (2) GRANTING MOTIONS TO TRANSFER; (3) CERTIFYING ISSUE FOR INTERLOCUTORY REVIEW; AND (4) STAYING ACTIONS

INTRODUCTION

In these related securities actions, plaintiffs move for remand and defendants move for transfer to the United States District Court for the...

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