Schedule Is Proposed in Amended Complaint on Intelsat Insider Trading

Two days after filing a second amended complaint alleging insider trading of Intelsat stock (see 2211290056), lead plaintiff Walleye Group conferred with Silver Lake Group, BC Partners and other defendants and agreed on a proposed briefing schedule “that takes into account the upcoming year-end holidays and other commitments of counsel,” said a joint stipulation Friday (docket 4:20-cv-02341) in U.S. District Court for Northern California in Oakland. The court should vacate its Jan. 6 initial case management conference and all related deadlines, and adopt a “dispositive motion briefing and hearing schedule” that begins with a Jan. 19 deadline for the defendants to answer the second amended complaint or move to dismiss it, said the stipulation. Walleye’s opposition to any motion to dismiss would be due March 2, and the defendants’ reply would be due March 30, it said. It proposed that a hearing on any motion to dismiss should be scheduled for April 28.