Joint Addendum to Stipulated Order Regarding ESI Protocol and Format of Productions — In re January 2021 Short Squeeze Trading Litigation (Dkt. 382, S.D. Fla.)

Summary

A Joint Addendum to Stipulated Order Regarding ESI Protocol and Format of Productions in In re: January 2021 Short Squeeze Trading Litigation, Case 1:21-md-02989-CMA (Case No. 21-2989-MDL-ALTONAGA/Torres), in the Southern District of Florida, entered August 16, 2021 as Document 382 (9 pages), relating to the Non-Federal Securities Actions. Reciting that the Court entered the ESI Protocol on July 13, 2021 [ECF No. 341], the addendum replaces Part III of the Protocol with disclosures at the commencement of discovery: custodians by name and title, non-custodial, custodial and third-party data sources, and steps to preserve phone records and cell phone data. The parties recite that they met and conferred and reached mutual agreement within thirty (30) days; signature pages include counsel for the E*TRADE defendants and for Apex Clearing Corp., ETC & Peak 6.

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Date: 2021-07-13

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“Joint Addendum to Stipulated Order Regarding ESI Protocol and Format of Productions (Dkt. 382).” Original at archive.org, dated 2021-07-13. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2021-07-13-covid-era-misc-206d68a4-1/, SHA-256 206d68a4bb58fdf37eb87c661d1d5a50fba1ce6a8ea2436f17ed611e0eb41b30.

Full text

Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 1 of 9

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA

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

IN RE:

JANUARY 2021 SHORT SQUEEZE
TRADING LITIGATION
____________________________________/

This Document Relates to the Non-Federal Securities Actions

JOINT ADDENDUM TO STIPULATED ORDER REGARDING
ESI PROTOCOL AND FORMAT OF PRODUCTIONS

WHEREAS, the Court entered the Stipulated Order Regarding ESI Protocol and Format

of Productions (the “ESI Protocol” or “Protocol”) on July 13, 2021 [ECF No. 341];

WHEREAS, Plaintiffs and Defendants in the cases not governed by the Private Securities

Litigation Reform Act of 1995, 15 U.S.C. § 78u-4, et seq. (collectively, the “Parties”), agreed to

meet and confer concerning certain items in the ESI Protocol and to report back to the Court within

thirty (30) days of the entry of the ESI Protocol;

WHEREAS, the Parties have met and conferred and have reached mutual agreement as to

those items;

NOW THEREFORE, the Parties, by and through their undersigned counsel, hereby

stipulate and agree to this Addendum to the ESI Protocol (the “Addendum”).

I. SCOPE

A. This Addendum is meant to be read in conjunction with the ESI Protocol and is

incorporated fully as if stated therein. Unless otherwise indicated, nothing in this Addendum

supersedes or otherwise modifies the terms of the ESI Protocol.
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 2 of 9

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

II. SCOPE OF DISCOVERY

This Part supersedes Part III of the ESI Protocol (Rule 26(a) ESI Disclosures).

In the interest of facilitating productive meet-and-confers regarding the scope of discovery,

each Party shall disclose beginning at the commencement of discovery 1 the following information:

A. Custodians. A list of the custodians most likely to have discoverable ESI in their

possession, custody, or control (hereinafter, “Custodians”), identified by name and title. The

Parties agree to meet and confer on the list of Custodians. The Parties expressly reserve the right

to request inclusion of additional Custodians as discovery progresses.

B. Non-Custodial Data Sources. A list of known non-custodial data sources (e.g.,

shared drives, servers, etc.), if any, likely to contain discoverable ESI, including, but not limited

to, databases that contain “structured data,” as described in Part VIII of the ESI Protocol, and any

readily available user manuals, training manuals, or explanations of the type of data contained in

such structured databases, to the extent those documents exist.

C. Custodial Data Sources. The custodial data sources (e.g., cell phones, notebook

computers, laptops, tablets, etc. that are likely to contain discoverable ESI) that the Producing

Party will search for each Custodian, with sufficient information for the Requesting Party to

evaluate the reasonableness of each data source selection.

D. Third-Party Data Sources. Subject to applicable confidentiality obligations, a list

of known third-party data sources, if any, used by a Party and likely to contain discoverable ESI

and, for each such source, the extent to which a Party is (or is not) able to preserve information

stored in third-party data source.

1
For the sake of this Addendum, the commencement of discovery is understood to occur at the earlier of
the Court ordering the lifting of the discovery stay in its entirety as to all Defendants or after all Defendants
in the Non-Federal Securities Actions have entered timely answers to the respective operative complaints.
2
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CASE NO. 21-2989-MDL-ALTONAGA/Torres

F. Preservation of Phone Records & Cell Phones. The Producing Party will take

steps, consistent with the obligations under the Federal Rules of Civil Procedure, to preserve

potentially relevant phone records and cell phone data that is in the Producing Party’s custody and

control. The Parties agree to meet and confer regarding such steps. The Producing Party will

disclose whether notification has been provided to the phone carrier(s) for potential individual

custodians’ work phone numbers (e.g., office phone and fax number(s)) and cell phone numbers

used from January 1, 2020, to the present, and/or whether any available internally maintained

phone record logs or phone bills have been preserved. The Producing Party will also disclose if

they have preserved and/or collected data from any potential custodian’s cell phones used from

January 1, 2020 to the present.

G. Inaccessible Data. The Parties agree to preserve known inaccessible data sources

likely to contain discoverable ESI, to the extent reasonably practicable, until they reach an

agreement on whether these sources are unreasonably cumulative, duplicative, burdensome or

expensive pursuant to Fed. R. Civ. P. 26(b)(2)(C)(i).

III. FORMAT OF PRODUCTIONS

A. Production Materials that Cannot be Processed. This Part supersedes Part V.I

of the ESI Protocol (Exception Logs).

If a Producing Party discovers ESI that (1) possesses metadata or a parent/attachment file

that hits on an agreed upon search term or (2) is otherwise known by the Producing Party to be

responsive to a discovery request, but cannot be reviewed, produced and/or imaged because of

technical issues, the Producing Party shall produce (1) a slip sheet stating the document could not

be produced and (2) any available associated metadata. If the Receiving Party requests production

3
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 4 of 9

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

of any file for which a slip sheet is produced, the Parties will meet and confer on a reasonable and

cost-effective means for attempting to provide the requested file or an equivalent file.

B. Additional Production Specifications. This Part modifies Part V.K.8 of the ESI

Protocol (Additional Production Specifications) to include the following.

All productions will include these additional specifications:

• Time Zone. ESI items shall be processed based on the Coordinated

Universal Time (“UTC”) time zone, unless otherwise unavailable, under which circumstance the

Parties will meet and confer on a reasonable and cost-effective means for attempting to specify

the time zone for the ESI. This provision shall apply to all relevant metadata fields in Exhibit 1

to the ESI Protocol.

IV. PARAMETERS FOR CUSTODIAL ESI COLLECTION

This Part supersedes Part IX of the ESI Protocol (Parameters for Custodial ESI Collection).

For each of a Producing Party’s current or former employees identified as a Custodian, the

Producing Party will, consistent with the Federal Rules of Civil Procedure, do the following:

A. Email. Collect all emails in the possession of a Custodian from the relevant time

period.

B. Cell Phone Data. Collect data from current or previous cell phone devices likely

to contain responsive information from the relevant time period, if any. The Producing Party will

identify for each Custodian a list of devices identified for collection, if any.

C. Phone Records. A Producing Party will either obtain billing statements for all

phone numbers used by Custodians or provide signed written authorizations for the release of such

4
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 5 of 9

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

phone records from the applicable phone carriers (including facilitating the receipt of such

authorizations on behalf of their employees where applicable).

D. Personal Computer-Based ESI. Collect data from all personal computers or

backup devices likely to contain responsive information from the relevant time period. The

Producing Party will identify for each Custodian a list of devices identified for collection.

E. Tablets. Collect data from tablet computer likely to contain responsive information

from the relevant time period. The Producing Party will identify for each Custodian a list of

devices identified for collection.

F. Cloud-Based ESI. Collect data from any cloud-based document storage,

collaboration or meeting services (e.g., Dropbox, Google Docs, Google Hangouts, Microsoft

Teams, Slack, WebEx, Zoom) likely to contain responsive information from the relevant time

period. To the extent a custodian backed up a cell phone or tablet to a cloud-based storage system

(e.g., iCloud), the Producing Party shall collect such data if it believes it is likely to contain

responsive and unique information not available from the cell phone or device itself.

G. Administrative Assistants. An agreement to collect documents for a particular

Custodian shall include the collection of that Custodian’s current and/or former administrative

assistants, if the Producing Party reasonably determines that the current and/or former

administrative assistant is likely to possess responsive and unique information from the relevant

time period not available from the Custodian’s files.

DONE AND ORDERED in Miami, Florida, on this 16th day of August, 2021.

________________________________________
CECILIA M. ALTONAGA
CHIEF UNITED STATES DISTRICT JUDGE

5
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 6 of 9

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

Dated: August 14, 2021 Respectfully Submitted,

/s/ Joseph R. Saveri /s/ Peter Safirstein
JOSEPH SAVERI LAW FIRM, LLP SAFIRSTEIN METCALF LLP
Joseph R. Saveri (CA SBN 130064) Peter Safirstein (NY SBN 2044550)
Steven N. Williams (CA SBN 175489) Elizabeth S. Metcalf (NY SBN 4644431)
Christopher K.L. Young (CA SBN 318371) 1345 Avenue of the Americas, 2nd Floor
Anupama K. Reddy (CA SBN 324873) New York, NY 10105
601 California Street, Suite 1000 Tel: (212) 201-5845
San Francisco, California 94108 psafirstein@safirsteinmetcalf.com
Telephone: (415) 500-6800 emetcalf@safirsteinmetcalf.com
Facsimile: (415) 395-9940
Email: jsaveri@saverilawfirm.com
swilliams@saverilawfirm.com
cyoung@saverilawfirm.com
areddy@saverilawfirm.com

/s/ Natalia M. Salas /s/ Frank Schirripa
THE FERRARO LAW FIRM, P.A. Frank Schirripa (NY SBN 4103750)
Natalia M. Salas (FBN 44895) Kathryn Hettler (NY SBN 5126065)
James L. Ferraro (FBN 381659) Seth Pavsner (NY SBN 4969689)
James Ferraro, Jr. (FBN 107494) Eugene Zaydfudim (NY SBN 5204334)
Bruce S. Rogow (FBN 067999) HACH ROSE SCHIRRIPA & CHEVERIE LLP
Sean A. Burstyn (FBN 1028778) 112 Madison Ave, 10th Floor
600 Brickell Avenue, Suite 3800 New York, New York 10016
Miami, FL 33131 Tel: (212) 213-8311
Tel: (305) 375-0111 fschirripa@hrsclaw.com
nms@ferrarolaw.com khettler@hrsclaw.com
jlf@ferrarolaw.com spavsner@hrsclaw.com
jjr@ferrarolaw.com ezaydufim@hrsclaw.com
bsr@ferrarolaw.com Co-Lead Counsel for the Antitrust Tranche
sab@ferrarolaw.com

Plaintiffs’ Lead Counsel

6
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 7 of 9

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

/s/ Kevin J. Orsini /s/ Marc De Leeuw
HUNTON ANDREWS KURTH LLP SULLIVAN & CROMWELL LLP
Samuel A. Danon (FBN 892671) Marc De Leeuw
Gustavo Javier Membiela (FBN 513555) 125 Broad Street
María Castellanos Alvarado (FBN 116545) New York, New York 10004
333 S.E. 2 Avenue, Suite 2400 Telephone: (212) 558-4000
Miami, FL 33131 Facsimile: (212) 558-3588
Telephone: (305) 810-2500 deleeuwm@sullcrom.com
Facsimile: (305) 810-2460
sdanon@huntonak.com
gmembiela@huntonak.com
mcastellanos@hunton.com

CRAVATH, SWAINE & MOORE LLP SULLIVAN & CROMWELL LLP
Antony L. Ryan Adam S. Paris
Kevin J. Orsini 1888 Century Park East
Brittany L. Sukiennik Los Angeles, CA 90067
New York, NY 10019 Telephone: (310) 712-6600
Telephone: (212) 474-1000 Facsimile: (310) 712-8800
Facsimile: (212) 474-3700 parisa@sullcrom.com
aryan@cravath.com
korsini@cravath.com SHOOK, HARDY & BACON L.L.P.
bsukiennik@cravath.com Jennifer A. McLoone (Fla. Bar No. 0029234)
Citigroup Center Suite 3200
Counsel for Defendants Robinhood 201 South Biscayne Boulevard
Financial LLC, Robinhood Securities, LLC, Miami, Florida 33131
and Robinhood Markets, Inc. Telephone: 305-358-5171

Counsel for Defendant Ally Financial, Inc.

7
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 8 of 9

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

/s/ Christopher D. Kercher /s/ Shari Ross Lahlou
QUINN EMANUEL URQUHART & SULLIVAN, DECHERT LLP
LLP Shari Ross Lahlou
Christopher D. Kercher 1900 K Street, NW
51 Madison Avenue, 22nd Floor, Washington, D.C. 20006
New York, New York, 10010 Telephone: (202) 261-3300
Telephone: (212) 849-7000 Facsimile: (202) 261-3333
Facsimile: (212) 849-7100 shari.lahlou@dechert.com
christopherkercher@quinnemanuel.com
DECHERT LLP
QUINN EMANUEL URQUHART & SULLIVAN, Andrew J. Levander
LLP Three Bryant Park
Marina E. Lev 1095 Avenue of the Americas
865 South Figueroa Street, 10th Floor New York, NY 10036
Los Angeles, California 90017 Telephone: (212) 698 3500
Telephone: (213) 443-3000 Facsimile: (212) 698 3599
Facsimile: (213) 443-3100 andrew.levander@dechert.com
marinalev@quinnemanuel.com
DECHERT LLP
BARTLIT BECK LLP Steven Bizar
Adam L. Hoeflich Cira Centre
Dawson Robinson 2929 Arch Street
54 W. Hubbard St., Ste. 300 Philadelphia, PA 19104
Chicago, IL 60654 Telephone: (215) 994 4000
Telephone: (312) 494-4400 Facsimile: (215) 994 2222
Facsimile: (312) 494-4440 steven.bizar@dechert.com
adam.hoeflich@bartlitbeck.com
dawson.robinson@bartlitbeck.com Counsel for Defendant Interactive Brokers
LLC
Counsel for Defendants Citadel Enterprise
Americas, LLC and Citadel Securities LLC

8
Case 1:21-md-02989-CMA Document 382 Entered on FLSD Docket 08/16/2021 Page 9 of 9

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

/s/ Peter W. Homer /s/ Jack E. Pace III
HOMER BONNER JACOBS ORTIZ, P.A. WHITE & CASE LLP
Peter W. Homer (Florida Bar No. 291250) Jack E. Pace III
1200 Four Seasons Tower Bryan D. Gant
1441 Brickell Avenue 1221 Avenue of the Americas
Miami, Florida 33131 New York, NY 10020-1095
Telephone: (305) 350-5139 Telephone: (212) 819-8200
Facsimile: (305) 372-2738 Facsimile: (212) 354-8113
phomer@homerbonner.com jpace@whitecase.com
bgant@whitecase.com
DAVIS POLK & WARDWELL LLP
Brian S. Weinstein WHITE & CASE LLP
Gina Cora J. Mark Gidley
Janet Jones-Duffey 701 Thirteenth Street, NW
450 Lexington Avenue Washington, DC 20005-3807
New York, New York 10017 Telephone: (202) 626-3600
Telephone: (212) 450-4000 Facsimile: (202) 639-9355
Facsimile: (212) 701-5972 mgidley@whitecase.com
brian.weinstein@davispolk.com
gina.cora@davispolk.com WHITE & CASE LLP
janet.jones-duffey@davispolk.com Angela Daker
Southeast Financial Center
E*TRADE Securities LLC and E*TRADE 200 South Biscayne Boulevard, Suite 4900
Financial Holdings, LLC Miami, FL 33131-2352
Telephone: (305) 995-5297
Facsimile: (305) 358-5744
adaker@whitecase.com

Counsel for Defendant Apex Clearing Corp.,
ETC & Peak 6

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