Carvana Defendants' Initial Disclosures — In re Carvana Securities (D. Ariz.)

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U.S. District Court for the District of Arizona · No. 2:22-cv-02126-MTL · Doc. 303-1 · 2026-02-05 · Docket on CourtListener

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EXHIBIT 11 
Case 2:22-cv-02126-MTL     Document 303-1     Filed 02/05/26     Page 1 of 10

 
 
 
ATTORNEYS AT LAW 
 
 
 
 
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LATHAM & WATKINS LLP 
Jeff G. Hammel (Pro Hac Vice) 
1271 Avenue of the Americas 
New York, NY 10020 
Telephone: (212) 906-1200 
Email: jeff.hammel@lw.com 
 
LATHAM & WATKINS LLP 
Andrew B. Clubok (Pro Hac Vice) 
J. Christian Word (Pro Hac Vice) 
Susan E. Engel (Pro Hac Vice) 
Matthew J. Peters (Pro Hac Vice) 
555 Eleventh Street, N.W., Suite 1000 
Washington, DC 20004 
Telephone: (202) 637-2200 
Email: aclubok@lw.com 
Email: christian.word@lw.com 
Email: susan.engel@lw.com 
Email: matthew.peters@lw.com 
 
FENNEMORE CRAIG, P.C. 
Douglas C. Northup (No. 013987) 
Andrea L. Marconi (No. 022577) 
2394 E. Camelback Road Suite 600 
Phoenix, Arizona  85016 
Telephone:  (602) 916-5000 
Email:  dnorthup@fennemorelaw.com 
Email:  amarconi@fennemorelaw.com 
 
Counsel for Defendants Carvana Co., Ernest 
Garcia III, Mark Jenkins, Stephen Palmer, 
Michael Maroone, Neha Parikh, Ira Platt, and 
Greg Sullivan 
 
UNITED STATES DISTRICT COURT 
FOR THE DISTRICT OF ARIZONA 
 
In re Carvana Co. Securities Litigation 
CASE NO. 2:22-cv-02126-PHX-MTL 
 
CARVANA DEFENDANTS’ RULE 
26(a)(1) INITIAL DISCLOSURES 
 
 
 
This Document Relates to: 
 
ALL ACTIONS. 
 
 
 
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CARVANA DEFENDANTS’ INITIAL DISCLOSURES 
 
Pursuant to Rule 26(a)(1) of the Federal Rules of Civil Procedure, Defendants 
Carvana Co. (“Carvana”), Ernest Garcia III, Mark Jenkins, Stephen Palmer, Michael 
Maroone, Neha Parikh, Ira Platt, and Greg Sullivan (collectively, “Carvana Defendants”), 
by and through their undersigned counsel, hereby provide the following initial disclosures 
to Lead Plaintiffs United Association National Pension Fund (“UANPF”) and 
Saskatchewan Healthcare Employees’ Pension Plan (“SHEPP,” and collectively, 
“Plaintiffs”).   
Carvana Defendants have undertaken a reasonable effort to locate and provide the 
information contained in these initial disclosures.  These disclosures are based on 
information within Carvana Defendants’ possession, custody, or control and reasonably 
available as of this date.  Carvana Defendants note that discovery in this action is not yet 
complete, and that subsequent discovery, independent investigation, legal research and/or 
analysis may supply additional facts leading to additions, changes, and/or variations from 
the present disclosures.  Accordingly, these disclosures are provided without prejudice to 
Carvana Defendants’ right to supplement these disclosures (at its sole discretion), without 
assuming any obligation beyond that imposed by the Federal Rules of Civil Procedure.   
No incidental or implied admissions are intended by these disclosures.  Carvana 
Defendants do not concede or admit that any of the individuals or documents listed or 
referred to below have or contain relevant material or admissible information.  By making 
these disclosures, the Carvana Defendants do not waive the right to object to the production 
of any documents or other information on the basis of the attorney-client privilege, work 
product protection, or other applicable objections, privileges, or immunities.  
I. 
Individuals Likely to Have Discoverable Information - Rule 26(a)(1)(A)(i) 
 
Carvana Defendants are presently aware of the following individuals who may have 
discoverable information which they may use to support their defenses (other than for 
impeachment).  The inclusion of any name on the list below, however, is not an affirmation 
by Carvana Defendants that any individual in fact possesses such information.  In making 
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these disclosures, the Carvana Defendants do not waive their right to object, pursuant to 
the applicable Local and Federal Rules, to the deposition testimony of the individuals listed 
below. 
 
Name 
Subject(s) 
Contact Information 
(if known) 
Ernest Garcia III 
Subject matter underlying 
certain challenged statements. 
Counsel for Carvana 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
Mark Jenkins 
Subject matter underlying 
certain challenged statements. 
Counsel for Carvana 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
Stephen Palmer 
Board activity in connection 
with April 2022 offering 
materials. 
Counsel for Carvana 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
Michael Maroone 
Board activity in connection 
with April 2022 offering 
materials. 
Counsel for Carvana 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
Neha Parikh 
Board activity in connection 
with April 2022 offering 
materials. 
Counsel for Carvana 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
Ira Platt 
Board activity in connection 
with April 2022 offering 
materials. 
Counsel for Carvana 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
Greg Sullivan 
Board activity in connection 
Counsel for Carvana 
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with April 2022 offering 
materials. 
Defendants 
Latham & Watkins LLP 
1271 Avenue of the Americas 
New York, NY 10020 
(212) 906-1200 
J.P. Morgan 
Securities LLC 
April 2022 offering and 
related materials.  
Counsel for Underwriter 
Defendants 
Paul, Weiss, Rifkind, Wharton 
& Garrison LLP 
1285 Avenue of the Americas 
New York, NY 10019 
(212) 373-3300 
Citigroup  
April 2022 offering and 
related materials. 
Counsel for Underwriter 
Defendants 
Paul, Weiss, Rifkind, Wharton 
& Garrison LLP 
1285 Avenue of the Americas 
New York, NY 10019 
(212) 373-3300 
United Association 
National Pension 
Fund 
Relevant transactions in 
Carvana common stock and 
participation in this litigation. 
Counsel for Lead Plaintiffs 
Robbins Geller Rudman & 
Dowd LLP 
655 West Broadway, Suite 
1900 
San Diego, CA 92101 
(619) 231-7423 
Saskatchewan 
Healthcare 
Employees’ 
Pension Plan 
Relevant transactions in 
Carvana common stock and 
participation in this litigation. 
Counsel for Lead Plaintiffs 
Robbins Geller Rudman & 
Dowd LLP 
655 West Broadway, Suite 
1900 
San Diego, CA 92101 
(619) 231-7423 
Carvana Defendants do not authorize communications by Plaintiffs, or any other 
party, with any individual listed above for whom contact information listed above is the 
undersigned counsel, and nothing herein should be construed to authorize Plaintiffs or any 
other party to contact any individuals where such contact would violate applicable law, 
abridge any rule of professional conduct, induce breach of any contract, or infringe upon 
any confidentiality agreement. 
In addition, Carvana Defendants state that various other individuals may have 
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discoverable information that Carvana Defendants may use to support its claims or 
defenses, including individuals identified in Plaintiffs’ or in any other party’s Rule 26(a)(1) 
initial disclosures, written discovery requests or responses, or in any amendment or 
supplement to the foregoing.  Carvana Defendants reserve the right to modify the foregoing 
list, and to identify and call as witnesses additional persons if, during the course of 
discovery and investigation relating to this case, Carvana Defendants learn that such 
additional persons have knowledge or information that Carvana Defendants may use to 
support their claims or defenses. 
II. 
Description of Documents – Rule 26(a)(1)(A)(ii) 
 
Carvana Defendants identify the below categories of documents, electronically 
stored information, and tangible things currently in Carvana Defendants’ possession, 
custody, or control that they may use to support their defenses in this action (other than for 
impeachment). 
1. 
Documents filed by Carvana Defendants with the U.S. Securities & 
Exchange Commission (“SEC”);  
2. 
Documents concerning the statements challenged in the ACC related to title 
and registration, Dkt. 71 at ¶¶ 174, 176, 178, 180, 182, 184, 186, 188, 385; 
3. 
Documents concerning the statements challenged in the ACC related to 
Retail Units Sales Growth, id. at ¶¶ 212, 214, 383; and 
4. 
Books and records of Carvana’s Board of Directors, including meeting 
minutes and presentations. 
 
Carvana Defendants’ investigation for discoverable information that Carvana 
Defendants may use to support their defenses in this litigation is ongoing. Carvana 
Defendants anticipate that other documents in the possession of other parties to this action, 
third parties, or public sources may be relevant to the material allegations in, and defenses 
to, the ACC and reserve the right to rely on those documents.  Carvana Defendants may 
also rely on documents produced by any party to this litigation, including documents 
produced by Plaintiffs or other putative class members or third parties. 
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Carvana Defendants make these Initial Disclosures in order to facilitate the 
discovery process without waiving any objections to the admissibility of any information 
disclosed under the Federal Rules of Evidence, the Federal Rules of Civil Procedure, and/or 
the Local Rules of this Court.  By identifying the foregoing categories, Carvana Defendants 
do not concede the relevance of specific categories of documents, and Carvana Defendants 
specifically reserve all applicable privileges and protections, including attorney-client 
privilege and/or work product doctrine.  Carvana Defendants reserve the right to object to 
the production of documents on any basis including that the information sought: (i) is not 
relevant; (ii) is protected from disclosure by an applicable privilege, doctrine, or immunity; 
(iii) would be unduly burdensome or expensive to produce; (iv) contains third-party 
confidential information and cannot be produced without that party’s notification and 
consent; and/or (v) constitutes proprietary or trade secret information that should not be 
produced before an appropriate protective order has been entered. 
III. 
Categories of Damages – Rule 26(a)(1)(A)(iii) 
 
Carvana Defendants are not asserting any claim for damages at this time in this 
action for which disclosure is required by Federal Rule of Civil Procedure 26(a).  
IV. 
Insurance Policies – Rule 26(a)(1)(A)(iv) 
 
Any insurance agreements under which persons carrying on an insurance business 
may be liable to satisfy part or all of a judgment which may be entered in this action or to 
indemnify or reimburse for payments made to satisfy the judgment will be produced on the 
understanding that they will be treated as confidential discovery material subject to an 
appropriate protective order.   
 
 
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Dated:  February 18, 2025 
Respectfully submitted, 
LATHAM & WATKINS LLP 
Jeff G. Hammel (Pro Hac Vice) 
1271 Avenue of the Americas 
New York, NY 10020 
Telephone: (212) 906-1200 
Email: jeff.hammel@lw.com 
LATHAM & WATKINS LLP 
Andrew B. Clubok (Pro Hac Vice) 
J. Christian Word (Pro Hac Vice)
Susan E. Engel (Pro Hac Vice)
Matthew J. Peters (Pro Hac Vice)
555 Eleventh Street, N.W., Suite 1000
Washington, DC 20004
Telephone: (202) 637-2200
Email: aclubok@lw.com
Email: christian.word@lw.com
Email: susan.engel@lw.com
Email: matthew.peters@lw.com
FENNEMORE CRAIG, P.C. 
Andrea L. Marconi (No. 022577)Douglas 
C. Northup (No. 013987)
2394 E. Camelback Road Suite 600
Phoenix, Arizona  85016
Telephone:  (602) 916-5000
Email:  dnorthup@fennemorelaw.com
Email:  amarconi@fennemorelaw.com
Counsel for Defendants Carvana Co., 
Ernest Garcia III, Mark Jenkins, Stephen 
Palmer, Michael Maroone, Neha Parikh, Ira 
Platt, and Greg Sullivan 
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PROOF OF SERVICE 
 
I am employed in the County of San Francisco, State of California.  I am over the age of 
18 years and not a party to this action.  My business address is Latham & Watkins LLP, 505 
Montgomery Street, Suite 2000, San Francisco, CA 94111. 
 
On February 18, 2025, I served the following documents described as: 
 
THE CARVANA DEFENDANTS’ INITIAL DISCLOSURES PURSUANT TO RULE 
26(a)(1)      
 
by serving a true copy of the above documents by E-Mail or Electronic Transmission:  
 
Based on agreement by the parties to accept service by email or electronic transmission, I 
caused the document(s) to be sent from the e-mail address john.eastly@lw.com to the persons at 
the e-mail addresses listed in the Service List. I did not receive, within a reasonable time after the 
transmission, any electronic message or other indication that the transmission was unsuccessful: 
 
Daniel S Drosman 
Rachel A, Cocalis 
Sarah A. Fallon 
ROBBINS GELLER RUDMAN 
& DOWD LLP 
655 West Broadway, Suite 1900 
San Diego, CA 92101 
Telephone: 619/231-1058 
619/231-7423 (fax) 
ddrosman@rgrdlaw.com 
rcocalis@rgrdlaw.com 
sfallon@rgrdlaw.com 
 
Counsel for Lead Plaintiffs 
ROBERT M. ROTHMAN 
(Admitted pro hac vice) 
DAVID A. ROSENFELD 
(Admitted pro hac vice) 
BRENT E. MITCHELL 
(Admitted pro hac vice) 
ROBBINS GELLER RUDMAN 
& DOWD LLP 
58 South Service Road, Suite 200 
Melville, NY 11747 
Telephone: 631/367-7100 
631/367-1173 (fax) 
rrothman@rgrdlaw.com 
drosenfeld@rgrdlaw.com 
bmitchell@rgrdlaw.com 
 
Counsel for Lead Plaintiffs 
 
 
 
 
PAUL, WEISS, RIFKIND, 
WHARTON & GARRISON LLP 
Susanna M. Buergel (pro hac vice) 
David P. Friedman (pro hac vice) 
1285 Avenue of the Americas 
New York, New York 10019 
Telephone: (212) 373-3000 
Email: sbuergel@paulweiss.com 
Email: dfriedman@paulweiss.com 
 
Counsel for Defendants Citigroup 
Global Markets Inc. and J.P. Morgan 
FENNEMORE CRAIG, P.C. 
Douglas C. Northup (No. 013987) 
Andrea L. Marconi (No. 022577) 
2394 E. Camelback Road Suite 600 Phoenix, 
Arizona 85016 
Telephone: (602) 916-5000 
Email: dnorthup@fennemorelaw.com 
Email: amarconi@fennemorelaw.com 
 
Counsel for Defendants Citigroup Global 
Markets Inc. and J.P. Morgan Securities LLC 
 
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Securities LLC 
 
DLA PIPER LLP (US) 
Madeline A. Cordray (Bar No. 
035788) 
madeline.cordray@us.dlapiper.com 
2525 East Camelback Road, Suite 
1000 
Phoenix, Arizona 85016 
480.606.5100 
Melanie Walker (pro hac vice) 
melanie.walker@us.dlapiper.com 
2000 Avenue of the Stars #400, 
Los Angeles, California 90067 
310.595.3000 
 
Counsel for Defendant Ernest Garcia 
II 
 
 
DLA PIPER LLP (US) 
 
Yan Grinblat (pro hac vice) 
yan.grinblat@us.dlapiper.com 
444 West Lake Street, Suite 900 
Chicago, Illinois 60606 
312.368.4000 
 
 
Counsel for Defendant Ernest Garcia II 
 
 
 I declare that I am employed in the office of a member of the Bar of, or permitted to 
practice before, this Court at whose direction the service was made and declare under penalty of 
perjury under the laws of the State of California that the foregoing is true and correct.  
 
 
Executed on February 18, 2025, at San Francisco, California. 
 
 
 
 
John M. Eastly 
 
 
 
 
 
 
 
 
LATHAM &WATKI NS cce 
Case 2:22-cv-02126-MTL     Document 303-1     Filed 02/05/26     Page 10 of 10

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