Plaintiffs’ Unopposed Motion For Extension Of Time

Summary

Plaintiffs' Unopposed Motion for Extension of Time in In re: January 2021 Short Squeeze Trading Litigation, Case 1:21-md-02989-CMA (Case No. 21-MDL-2989-ALTONAGA/Torres, Document 334, 4 pages), in the U.S. District Court for the Southern District of Florida, entered July 7, 2021, relating to the Non-Federal Securities Actions. Plaintiffs seek a fourteen-day extension of the June 3, 2021 schedule because document productions are late: Robinhood began producing on July 3, 2021 with 815 pages and expects 5,000 to 10,000 documents by July 9, 2021. Master complaints would move from July 12, 2021 to July 26, 2021 and joint motions to dismiss from August 16, 2021 to August 30, 2021, over the /s/ signature of Plaintiffs' Liaison Counsel Rachel W. Furst.

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Date: 2021-06-03

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“Plaintiffs’ Unopposed Motion For Extension Of Time.” Original at archive.org, dated 2021-06-03. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-06-03-covid-era-misc-40505374-1/, SHA-256 40505374c760cb39d1ad2028a4570a771df21d62e3352d379262f94cb6479b68.

Full text

Case 1:21-md-02989-CMA Document 334 Entered on FLSD Docket 07/07/2021 Page 1 of 4

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

CASE NO. 21-MDL-2989-ALTONAGA/Torres

IN RE: JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION

This Document Relates to the Non-Federal Securities Actions

PLAINTIFFS’ UNOPPOSED MOTION FOR EXTENSION OF TIME

Plaintiffs in the cases that are not governed by the Private Securities Litigation Reform

Act of 1995, 15 U.S.C. § 78u-4, et seq., by and through undersigned counsel, respectfully submit

this unopposed motion for a fourteen-day extension of the schedule set forth in this Court’s June

3, 2021 Order [ECF No. 323] (the “June 3rd Order”), for filing master complaints and joint

motions to dismiss in the Robinhood, Other Broker, and Antitrust Tranches of this this

multidistrict litigation (“MDL”).

In support, Plaintiffs state as follows:

1. This motion is brought about by an unanticipated need for additional time for

Defendants to produce and Plaintiffs to review “[r]ecords already produced by Defendants to

Congress and other government entities [] to Plaintiffs upon request,” pursuant to the Court’s

June 3rd Order. (Id. ⁋ 6). Plaintiffs sent a request to Defendants on June 3, 2021. Defendants

began production of documents on Friday, July 2, 2021, after entry of a Protective Order on July

1, 2021 [ECF No. 329].

2. Plaintiffs are seeking additional time to allow Defendants to produce the

government documents in advance of filing master complaints, as the parties continue to engage

in meet and confer conferences for purposes of deciding which Defendants to name in the master
Case 1:21-md-02989-CMA Document 334 Entered on FLSD Docket 07/07/2021 Page 2 of 4

complaint(s). The limited productions to date have narrowed certain issues in this case and in at

least one tranche have reduced the number of Defendants to be named. An extension will

therefore serve judicial economy and aid in the efficient administration of this MDL.

3. The current deadline for Plaintiffs to file master complaints is July 12, 2021.

Defendants’ joint motions to dismiss are due on August 16, 2021, with responses due September

7, 2021, and replies due September 21, 2021. Plaintiffs have begun receiving documents from

five of approximately fifty Defendants, with less than one week before master complaints are

due. Some Defendants have only begun rolling productions. For example, Robinhood

commenced its production on July 3, 2021, totaling 815 pages, and has advised that it anticipates

a production of between 5,000 and 10,000 total documents by Friday, July 9, 2021.

4. A brief extension of fourteen days will provide Plaintiffs with at least one week to

review these documents, in advance of filing master complaints by July 26, 2021. Were the

extension to be granted, Defendants’ joint motions to dismiss would be due August 30, 2021,

with responses due September 21, 2021, and replies due October 5, 2021.

WHEREFORE, Plaintiffs respectfully request that this Court enter an order granting a

fourteen-day extension of time of the schedule in the Court’s June 3rd Order [ECF No. 323].

CERTIFICATE OF GOOD FAITH CONFERENCE

Pursuant to Local Rule 7.1(a)(3)(A) and (B), undersigned counsel attempted to confer with

all defense counsel of record by sending emails on July 6 and July 7, 2021, asking for any

objections by close of business July 7, and circulating a draft of this motion. Counsel for

Robinhood and counsel for Apex Financial indicated that their clients take no position on the

requested relief. No defense counsel raised any opposition to the motion.

2
Case 1:21-md-02989-CMA Document 334 Entered on FLSD Docket 07/07/2021 Page 3 of 4

Dated: July 7, 2021
Respectfully submitted,
/s/ Peter Safirstein /s/ Natalia M. Salas
SAFIRSTEIN METCALF LLP THE FERRARO LAW FIRM, P.A.
Peter Safirstein (NY SBN 2044550) Natalia M. Salas (FBN 44895)
Elizabeth S. Metcalf (NY SBN 4644431) James L. Ferraro (FBN 381659)
1345 Avenue of the Americas, 2nd Floor James Ferraro, Jr. (FBN 107494)
New York, NY 10105 Bruce S. Rogow (FBN 067999)
Tel: (212) 201-5845 Sean A. Burstyn (FBN 1028778)
psafirstein@safirsteinmetcalf.com 600 Brickell Avenue, Suite 3800
emetcalf@safirsteinmetcalf.com Miami, FL 33131
Tel: (305) 375-0111
nms@ferrarolaw.com
jlf@ferrarolaw.com
jjr@ferrarolaw.com
bsr@ferrarolaw.com
sab@ferrarolaw.com

/s/ Joseph R. Saveri /s/ Frank Schirripa
JOSEPH SAVERI LAW FIRM, LLP HACH ROSE SCHIRRIPA &
Joseph R. Saveri (CA SBN 130064) CHEVERIE LLP
Steven N. Williams (CA SBN 175489) Frank Schirripa (NY SBN 4103750)
Anupama K. Reddy (CA SBN 324873) Kathryn Hettler (NY SBN 5126065)
Christopher K.L Young (CA SBN 318371) Seth Pavsner (NY SBN 4969689)
601 California Street, Suite 1000 112 Madison Ave, 10th Floor
San Francisco, CA 94108 New York, New York 10016
Tel: (415) 500-6800 Tel: (212) 213-8311
jsaveri@saverilawfirm.com fschirripa@hrsclaw.com
swilliams@saverilawfirm.com khettler@hrsclaw.com
areddy@saverilawfirm.com SPavsner@hrsclaw.com
cyoung@saverilawfirm.com

Plaintiffs’ Lead Counsel

/s/Rachel W. Furst
GROSSMAN ROTH YAFFA COHEN, P.A.
Rachel W. Furst (FBN 45155)
2525 Ponce de Leon Blvd., Ste 1150
Coral Gables, FL 33134-6040
Tel: 305-442-8666
rwf@grossmanroth.com

Plaintiffs’ Liaison Counsel

/s/ Gabriel Amin Assaad /s/ Jeffrey A. Klafter
MCDONALD WORLEY, P.C. KLAFTER LESSER, LLP
Gabriel Amin Assaad (TX SBN 24076189) Jeffrey A. Klafter (NY SBN 1662428)

3
Case 1:21-md-02989-CMA Document 334 Entered on FLSD Docket 07/07/2021 Page 4 of 4

Matthew Yezierski (TX SBN 24076989) Amir Alimehri (NY SBN 5631262)
McDonald Worley Two International Drive Suite 350
1770 St. James Place, Suite 100 Rye Brook, NY 10573
Houston, TX 77056 Tel: (914) 934-9200
Tel: (713) 523-5500 jak@klafterlesser.com
gassaad@mcdonaldworley.com amir.alimehri@klafterlesser.com
matt@mcdonaldworley.com
don@mcdonaldworley.com

/s/ Maurice D. Pessah /s/ Roy T. Willey, IV
Pessah Law Group, PC ANASTOPOULO LAW FIRM
Maurice D. Pessah (CA SBN 275955) Roy T. Willey, IV (SC SBN 101010)
Michael Morris-Nussbaum (CA SBN 317146) Eric M. Poulin (SC SBN 100209)
Summer E. Benson (CA SBN 326398) Blake Abbott (SC SBN 104423)
Jason Sunshine (CA SBN 336062) 32 Ann Street
Stuart Neil Chelin (CA SBN 320357) Charleston, SC 29403
661 N Harper Avenue, Suite 208 Tel: (843) 614-8888
West Hollywood, California 90048 roy@akimlawfirm.com
Tel: (310) 772-2261 eric@akimlawfirm.com
maurice@pessahgroup.com blake@akimlawfirm.com
mmnussbaum@pessahgroup.com
sbenson@pessahgroup.com
jsunshine@pessahgroup.com
stuart@chelinlaw.com
Plaintiffs’ Steering Committee

CERTIFICATE OF SERVICE

I hereby certify that on July 7, 2021, I electronically filed the foregoing document with the

Clerk for the United States District Court, Southern District of Florida. The electronic case filing

system (CM/ECF) will send a Notice of Electronic Filing (NEF) to the attorneys of record who

have consented in writing to accept this Notice as service of this document by electronic means.

By: /s/ Rachel W. Furst
Rachel W. Furst
rwf@grossmanroth.com
GROSSMAN ROTH YAFFA COHEN, P.A.
2525 Ponce de Leon Blvd Ste 1150
Coral Gables, FL 33134-6040
Plaintiffs’ Liaison Counsel

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