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Case 1:11-cv-00733-WHP Document 258 Filed 06/27/14 Page 1 of 5

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK

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PENNSYLVANIA PUBLIC SCHOOL
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EMPLOYEES’ RETIREMENT SYSTEM,
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individually and on behalf of all others
similarly situated,
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BANK OF AMERICA CORPORATION, et al.,

Defendants.

Plaintiff,

v.

11-CV-00733 (WHP)

JOINT STATUS REPORT
CONCERNING DISCOVERY

Lead Plaintiff, Pennsylvania Public School Employees’ Retirement System (“Lead

Plaintiff” or “PSERS”), and Defendants Bank of America Corporation, Brian T. Moynihan,

Charles H. Noski, Kenneth D. Lewis, Neil Cotty and Joe L. Price (collectively “Defendants”), by

their counsel, respectfully submit this Joint Status Report Concerning Discovery.

1.

On March 25, 2014, the Court issued an Order directing the parties “to submit a

joint status report on June 27, 2014.”

2.

The parties have met and conferred concerning the status report, which they

understand to focus principally on the status of discovery. The parties have the following to

report to the Court:

a. Document Discovery

i. Defendants and various other non-parties have produced millions of

pages of documents to Lead Plaintiff pursuant to document requests

and subpoenas.

Case 1:11-cv-00733-WHP Document 258 Filed 06/27/14 Page 2 of 5

ii. Lead Plaintiff has been analyzing those documents since their

production.

b. Deposition Discovery

i. The parties have worked in good faith to schedule depositions.

ii. PSERS has completed depositions of two fact witnesses. Both

depositions were in Los Angeles, California.

iii. The parties have scheduled three additional depositions of fact

witnesses to occur during July and August. These depositions will be

in California and Delaware. The parties are in the process of

attempting to schedule additional depositions in July and August.

iv. The parties have been developing a framework designed to complete

the deposition discovery of fact witnesses by December 31, 2014.

Case 1:11-cv-00733-WHP Document 258 Filed 06/27/14 Page 3 of 5

3.

At this time, the parties do not have additional discovery matters to report that

require the attention of the Court.1

Respectfully submitted,

/s/ Mark R. Rosen

A. Arnold Gershon ([email protected])
William J. Ban ([email protected])
Michael A. Toomey ([email protected])
BARRACK, RODOS & BACINE
425 Park Avenue, 31st Floor
New York, New York 10022
(212) 688-0782

Leonard Barrack ([email protected])
Mark R. Rosen ([email protected])
Jeffrey A. Barrack ([email protected])
Jeffrey B. Gittleman ([email protected])
Chad A. Carder ([email protected])
Julie B. Palley ([email protected])
BARRACK, RODOS & BACINE
3300 Two Commerce Square
2001 Market Street
Philadelphia, PA 19103
(215) 963-0600

Attorneys for Lead Plaintiff Pennsylvania Public
School Employees’ Retirement System

/s/ Scott D. Musoff

Jay B. Kasner ([email protected])
Scott D. Musoff ([email protected])
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP

Four Times Square
New York, New York 10036
(212) 735-3000

Paul J. Lockwood
([email protected])
SKADDEN, ARPS, SLATE,
MEAGHER & FLOM LLP

One Rodney Square
P.O. Box 636
Wilmington, Delaware 19899
(302) 651-3000

Attorneys for Defendant Bank of America
Corporation

In a December 13, 2013 letter to the Court, Defendants asserted a reservation of rights

1
with respect to the issues of law raised in Halliburton Co. v. Erica P. John Fund, Inc., heard by
the Supreme Court on March 5, 2014. The Supreme Court issued a ruling in this case on June
23, 2014. Defendants continue to evaluate the significance of the decision in Halliburton and to
reserve rights and arguments relating to it. Plaintiff believes that the Supreme Court’s decision
in Halliburton requires no change in the pre-trial management of this litigation.

Case 1:11-cv-00733-WHP Document 258 Filed 06/27/14 Page 4 of 5

/s/ Jeffrey D. Rotenberg

Patrick J. Smith ([email protected])
Jeffrey D. Rotenberg
([email protected])
John M. Hillebrecht
([email protected])
DLA PIPER US LLP (NY)
1251 Avenue of the Americas
New York, New York 10020
(212) 335-4500
Attorneys for Defendant Brian T. Moynihan

/s/ Adam Jay Wasserman

Robert Jeffrey Jossen
([email protected])
Adam Jay Wasserman
([email protected])
Katherine Keely Rankin
([email protected])
DECHERT LLP
1095 Avenue of the Americas
New York, New York 10036-6797
(212) 698-3500

Attorneys for Defendant Charles H. Noski

/s/ Ada Fernandez Johnson

Colby A. Smith ([email protected])
Ada Fernandez Johnson
([email protected])
DEBEVOISE & PLIMPTON (DC)
555 13th Street, N.W.
Washington, D.C. 20004
(202) 383-8000

Attorneys for Defendant Kenneth D. Lewis

Case 1:11-cv-00733-WHP Document 258 Filed 06/27/14 Page 5 of 5

/s/ Brian Marc Burnovski

Lawrence Jay Portnoy ([email protected])
Brian Marc Burnovski
([email protected])
Charles S. Duggan ([email protected])
DAVIS POLK & WARDWELL LLP
450 Lexington Avenue
New York, New York 10017
(212) 450-4000

Attorneys for Defendant Neil Cotty

/s/ Richard Harper

Richard Harper
([email protected])
BAKER BOTTS LLP (NY)
30 Rockefeller Plaza
44th Floor
New York, New York 10112
(212) 408-2675

Julia Guttman ([email protected])
BAKER BOTTS LLP (DC)
1299 Pennsylvania Avenue, N.W.
Washington, D.C. 20004
(202) 639-7700

Attorneys for Defendant Joe L. Price