Free Stipulation to EXTEND Time - District Court of Delaware - Delaware

Case 1:07-cv-00372-SLR

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IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 98 PENSION FUND, ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) )

Plaintiff, v. ANGELO R. MOZILO, HENRY G. CISNEROS, ROBERT L. DONATO, HARLEY W. SNYDER, JEFFREY M. CUNNINGHAM, MARTIN R. MELONE, ROBERT T. PARRY, OSCAR P. ROBERTSON, KEITH P. RUSSELL, MICHAEL E. DOUGHERTY, and COUNTRYWIDE FINANCIAL CORPORATION,

C.A. No. 07 -372-UNA

Defendants.

STIPULATION AND ORDER IT IS HEREBY STIPULATED AND AGREED, by and between the parties hereto, through their respective counsel and subject to the approval of the Court, that the Stipulation and Order entered by the Court on August 22, 2007 (the "Order") is amended as follows: 1. Under the Order, Defendants' response to the Verified Amended Complaint is due

on or before November 13, 2007. 2. On November 6, 2007, counsel for Plaintiff in this action filed a shareholder

derivative action, on behalf of Countrywide Financial Corporation, styled Blumberg v. Angelo R. Mozilo, et al., Case No. 07-717. Counsel for Plaintiff identified the new Blumberg action as related to the present case.

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Case 1:07-cv-00372-SLR

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3.

On November 8, 2007, counsel for Plaintiff advised counsel for Defendants that it

intends to file a motion to consolidate the two actions and, if the actions are consolidated, will file a consolidated amended complaint. Defendants have not yet taken a position on any such consolidation motion and reserve all rights in this regard. 4. Accordingly, in the interest of efficiency, the parties have agreed that Defendants

need not respond to the Verified Amended Complaint in the present action and shall have sixty (60) days after service of any consolidated amended complaint to move, answer or otherwise respond to such consolidated amended complaint. In the event that the present case and the Blumberg case are not consolidated, the parties shall meet and confer on a reasonable schedule for Defendants to respond to the Verified Amended Complaint.

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Defendants, COUNTRYWIDE FINANCIAL CORP., ANGELO R. MOZILO, HENRY G. CISNEROS, ROBERT J. DONATO, HARLEY W. SNYDER, JEFFREY M. CUNNINGHAM, MARTIN R. MELONE, ROBERT T. PARRY, OSCAR P. ROBERTSON, KEITH P. RUSSELL, By their attorneys, Dated: November 9, 2007 /s/ Steven J. Fineman Thomas A. Beck (#2086) [email protected] Steven J. Fineman (#4025) [email protected] RICHARDS, LAYTON & FINGER, P.A. One Rodney Square P.O. Box 551 Wilmington, DE 19801 Telephone: 302.651.7700 OF COUNSEL Brian E. Pastuszenski (pro hac vice) Stuart M. Glass (pro hac vice) GOODWIN PROCTER LLP 53 State Street Exchange Place Boston, MA 02109 Telephone: 617.570.1000

Defendant, MICHAEL E. DOUGHERTY, By his attorneys, Dated: November 9, 2007 /s/ Edward B. Micheletti Edward P. Welch (#671) [email protected] Edward B. Micheletti (#3794) [email protected] SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP One Rodney Square Wilmington, DE 19801 Telephone: 302.651.3060

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Plaintiff, INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL 98 PENSION FUND, By its attorneys,

Dated: November 9, 2007

/s/ Robert D. Goldberg Robert D. Goldberg (#631) [email protected] BIGGS and BATTAGLIA 921 North Orange Street P.O. Box 1489 Wilmington, DE 19899 Telephone: 302.655.9677 OF COUNSEL BARRACK, RODOS & BACINE Alexander Arnold Gershon Regina M. Calcaterra Gloria Kui 1350 Broadway, Suite 1001 New York, NY 10018 212.688.0782 BARRACK, RODOS & BACINE Daniel Bacine Two Commerce Square 2001 Market Street, Suite 3300 Philadelphia, PA 19103 215.963.0600

SO ORDERED, this ___ day of November, 2007.

______________________________ United States District Judge

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