1 James C. Shah Donald Patrick Sullivan Ronald S. Kravitz JACKSON LEWIS P.C. 2 MILLER SHAH LLP 50 California Street, 9th Floor 456 Montgomery Street, Suite 1900 San Francisco, CA 94111-4615 3 San Francisco, CA 94104 Telephone: (415) 394-9400 Telephone: (866) 540-5505 Facsimile: (415) 394-9401 4 Facsimile: (866) 3007367 Donald.Sullivan@jacksonlewis.com Email: jcshah@millershah.com 5 rskravitz@millershah.com Attorney for Defendant 6 Attorneys for Plaintiffs, the Plan, and the Proposed Class 7
8 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 9
10 ) ) 11 In re Sutter Health ERISA Litigation ) Case No. 1:20-cv-01007-JLT-BAM ) 12 ) ) 13 ) STIPULATION AND [PROPOSED] ) ORDER REGARDING CLASS 14 ) CERTIFICATION ) 15 ) ) Amended Consolidated Complaint filed: 16 ) November 11, 2020 ) 17 ) ) 18 ) ) 19 /// 20 21 /// 22 /// 23 /// 24 /// 25 /// 26 /// 27 1 Plaintiffs Christina Bonicarlo, Nicole Garcia, Ronald Hudson, Adam Blackburn, Robert L. 2 Hackett, Tabitha Hoglund, Stephanie Chadwick (collectively, “Plaintiffs”), and Defendant Sutter 3 Health (“Defendant” and with Plaintiffs, the “Parties”), by and through their undersigned counsel, 4 hereby stipulate and agree as follows (the “Stipulation”): 5 WHEREAS, Plaintiffs filed their Amended Consolidated Class Action Complaint (ECF No. 6 26, the “Complaint”) on November 11, 2020 on behalf of the Sutter Health 403(b) Savings Plan (the 7 “Plan”) and a proposed class of participants and beneficiaries of the Plan; 8 WHEREAS, the Court denied Defendant’s motion to dismiss the Complaint on February 9, 9 2023 (see ECF No. 89); 10 WHEREAS, the Parties stipulated to the voluntary dismissal of the Sutter Health 403(b) 11 Savings Plan Committee as a defendant to the above-captioned matter in June 16, 2023 (ECF No. 12 101); and 13 WHEREAS, the Parties have met and conferred regarding streamlining the litigation for 14 purposes of the efficient management of the litigation. 15 THE PARTIES HEREBY STIPULATE AND AGREE, SUBJECT TO THE COURT’S 16 APPROVAL, AS FOLLOWS: 17 1. The following class (“Class”) shall be certified to pursue the claims set forth in the 18 Complaint: 19 All participants and beneficiaries in the Sutter Health 403(b) Savings Plan at any 20 time on or after July 21, 2014 to the present (the “Class Period”). 21 2. The Class is numerous, as the Plan had thousands of participants during the Class 22 Period. 23 3. At this time, the Parties agree there are common issues related to the claims of the 24 Class including inter alia: (1) whether the Plan fiduciaries discharged their duties of prudence and 25 loyalty with respect to the Plan in (a) monitoring investment options in the Plan and (b) monitoring 26 the Plan’s recordkeeping and administrative services arrangements; (2) whether the Plan and its 27 participants and beneficiaries were injured by any breaches of duty; and (3) whether the Plan and its 1 participants and beneficiaries are entitled to any recovery and the measure of any such recovery. 2 4. At this time, the Parties agree that Plaintiffs are typical of other Class members with 3 respect to the claims at issue in this litigation, as they participated in the Plan during the Class Period 4 and were treated consistently with other Class members. 5 5. At this time, the Parties agree that Plaintiffs are adequate to represent the Class and 6 have no known conflicts with any Class members. In addition, Plaintiffs have retained competent 7 and experienced counsel, associated with Miller Shah LLP and Capozzi Adler, P.C., on behalf of the 8 Class. At this time, the Parties agree that neither Plaintiffs nor their counsel have any interests that 9 might cause them to refrain from vigorously pursuing the claims in this action. Plaintiffs and their 10 counsel are adequate to represent the Class. 11 6. At this time, the Parties agree that certification of the Class is appropriate under 12 Federal Rule of Civil Procedure 23(b)(1)(A) because prosecuting separate actions against Defendant 13 would create a risk of inconsistent or varying adjudications with respect to individual Class members 14 that would establish incompatible standards of conduct for Defendant. 15 7. At this time, the Parties agree that certification of the Class is also appropriate under 16 Federal Rule of Civil Procedure 23(b)(1)(B) because adjudications as to individual Class members, 17 as a practical matter, would be dispositive of the interests of the other persons not parties to the 18 individual adjudications or would substantially impair or impede their ability to protect their interests 19 relating to those issues. 20 8. Plaintiffs may be appointed as Class representatives. 21 9. Miller Shah LLP and Capozzi Adler, P.C. may be appointed as Class counsel. 22 10. This Stipulation does not waive any affirmative defenses Defendant may have as to 23 any member of the Class. Any waiver of affirmative defenses deemed to be made by virtue of this 24 Stipulation shall be consistent with, and limited by, the terms of this Stipulation. Any such waiver 25 would be deemed by the Parties to have been voided in the event that Defendant exercises the options 26 set forth in paragraph 11. 27 11. This Stipulation is without prejudice to any party’s ability to seek relief under Rule 1 23(c)(1)(C) at any time before final judgment, based on a good-faith belief that, because of changed 2 circumstances or new information, the Class no longer satisfies the requirements of Rule 23(a) or 3 23(b)(1). Such relief may include, without limitation, decertification, modification of the Class 4 definition, or certification of sub-classes. 5 12. Class certification has been granted in ERISA cases involving defined contribution 6 plans in the Ninth Circuit and around the country. See, e.g., Munro v. Univ. of Southern California, 7 2019 WL 7842551 (C.D. Cal. Dec. 20, 2019); Urakhchin v. Allianz Asset Mgmt. of Am., L.P., 2017 8 WL 2655678 (C.D. Cal. June 15, 2017); In re Northrop Grumman Corp. ERISA Litig., 2011 WL 9 3505264 (C.D. Cal. Mar. 29, 2011); Foster v. v. Adams & Assocs., Inc., 2019 WL 4305538 (N.D. 10 Cal. Sept. 11, 2019); Norris v. Mazzola, 2017 WL 6493091 (N.D. Cal. Dec. 19, 2017); Cryer v. 11 Franklin Templeton Resources, Inc., 2017 WL 4023149 (N.D. Cal. July 26, 2017); Kanawi v. Bechtel 12 Corp., 254 F.R.D. 102, 112 (N.D. Cal. 2008). 13 13. Similar stipulations regarding class certification also have been approved in other 14 ERISA cases involving defined contribution plans. See In re Biogen, Inc. ERISA Litig., No. 1:20-cv- 15 11325-DJC, ECF No. 104 (D. Mass. Nov. 8, 2022); In re MedStar ERISA Litig., No. 1:20-cv-01984- 16 DLB, ECF No. 64 (D. Md. July 12, 2022); Feinberg v. T. Rowe Price Group, Inc., No. 1:17-cv-00427 17 (D. Md. May 17, 2019); Reetz v. Lowe’s Cos., Inc., No. 5:18-cv-00075, ECF No. 97 (W.D.N.C. 5:18- 18 cv-00075); Moitoso v. FMR LLC, No. 1:18-cv-12122, ECF No. 83 (D. Mass. May 7, 2019); Velazquez 19 v. Mass. Fin. Srvs. LLC, No. 1:17-cv-11249, ECF No. 94 (D. Mass. June 25, 2019); Pledger v. 20 Reliance Tr. Co., No. 1:15-cv-4444, ECF No. 101 (N.D. Ga. Nov. 7, 2017). 21 IT IS SO STIPULATED this 22nd day of January, 2024. 22 /s/ James C. Shah /s/ Donald Patrick Sullivan 23 James C. Shah Donald Patrick Sullivan Ronald S. Kravitz JACKSON LEWIS P.C. 24 MILLER SHAH LLP 50 California Street, 9th Floor 456 Montgomery Street, Suite 1900 San Francisco, CA 94111-4615 25 San Francisco, CA 94104 Telephone: (415) 394-9400 26 Telephone: (866) 540-5505 Facsimile: (415) 394-9401 Facsimile: (866) 3007367 Donald.Sullivan@jacksonlewis.com 27 Email: jcshah@millershah.com 1 rskravitz@millershah.com Howard Shapiro (admitted pro hac vice) Stacey C.S. Cerrone (admitted pro hac vice) 2 James E. Miller Lindsey H.
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1 James C. Shah Donald Patrick Sullivan Ronald S. Kravitz JACKSON LEWIS P.C. 2 MILLER SHAH LLP 50 California Street, 9th Floor 456 Montgomery Street, Suite 1900 San Francisco, CA 94111-4615 3 San Francisco, CA 94104 Telephone: (415) 394-9400 Telephone: (866) 540-5505 Facsimile: (415) 394-9401 4 Facsimile: (866) 3007367 Donald.Sullivan@jacksonlewis.com Email: jcshah@millershah.com 5 rskravitz@millershah.com Attorney for Defendant 6 Attorneys for Plaintiffs, the Plan, and the Proposed Class 7
8 IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF CALIFORNIA 9
10 ) ) 11 In re Sutter Health ERISA Litigation ) Case No. 1:20-cv-01007-JLT-BAM ) 12 ) ) 13 ) STIPULATION AND [PROPOSED] ) ORDER REGARDING CLASS 14 ) CERTIFICATION ) 15 ) ) Amended Consolidated Complaint filed: 16 ) November 11, 2020 ) 17 ) ) 18 ) ) 19 /// 20 21 /// 22 /// 23 /// 24 /// 25 /// 26 /// 27 1 Plaintiffs Christina Bonicarlo, Nicole Garcia, Ronald Hudson, Adam Blackburn, Robert L. 2 Hackett, Tabitha Hoglund, Stephanie Chadwick (collectively, “Plaintiffs”), and Defendant Sutter 3 Health (“Defendant” and with Plaintiffs, the “Parties”), by and through their undersigned counsel, 4 hereby stipulate and agree as follows (the “Stipulation”): 5 WHEREAS, Plaintiffs filed their Amended Consolidated Class Action Complaint (ECF No. 6 26, the “Complaint”) on November 11, 2020 on behalf of the Sutter Health 403(b) Savings Plan (the 7 “Plan”) and a proposed class of participants and beneficiaries of the Plan; 8 WHEREAS, the Court denied Defendant’s motion to dismiss the Complaint on February 9, 9 2023 (see ECF No. 89); 10 WHEREAS, the Parties stipulated to the voluntary dismissal of the Sutter Health 403(b) 11 Savings Plan Committee as a defendant to the above-captioned matter in June 16, 2023 (ECF No. 12 101); and 13 WHEREAS, the Parties have met and conferred regarding streamlining the litigation for 14 purposes of the efficient management of the litigation. 15 THE PARTIES HEREBY STIPULATE AND AGREE, SUBJECT TO THE COURT’S 16 APPROVAL, AS FOLLOWS: 17 1. The following class (“Class”) shall be certified to pursue the claims set forth in the 18 Complaint: 19 All participants and beneficiaries in the Sutter Health 403(b) Savings Plan at any 20 time on or after July 21, 2014 to the present (the “Class Period”). 21 2. The Class is numerous, as the Plan had thousands of participants during the Class 22 Period. 23 3. At this time, the Parties agree there are common issues related to the claims of the 24 Class including inter alia: (1) whether the Plan fiduciaries discharged their duties of prudence and 25 loyalty with respect to the Plan in (a) monitoring investment options in the Plan and (b) monitoring 26 the Plan’s recordkeeping and administrative services arrangements; (2) whether the Plan and its 27 participants and beneficiaries were injured by any breaches of duty; and (3) whether the Plan and its 1 participants and beneficiaries are entitled to any recovery and the measure of any such recovery. 2 4. At this time, the Parties agree that Plaintiffs are typical of other Class members with 3 respect to the claims at issue in this litigation, as they participated in the Plan during the Class Period 4 and were treated consistently with other Class members. 5 5. At this time, the Parties agree that Plaintiffs are adequate to represent the Class and 6 have no known conflicts with any Class members. In addition, Plaintiffs have retained competent 7 and experienced counsel, associated with Miller Shah LLP and Capozzi Adler, P.C., on behalf of the 8 Class. At this time, the Parties agree that neither Plaintiffs nor their counsel have any interests that 9 might cause them to refrain from vigorously pursuing the claims in this action. Plaintiffs and their 10 counsel are adequate to represent the Class. 11 6. At this time, the Parties agree that certification of the Class is appropriate under 12 Federal Rule of Civil Procedure 23(b)(1)(A) because prosecuting separate actions against Defendant 13 would create a risk of inconsistent or varying adjudications with respect to individual Class members 14 that would establish incompatible standards of conduct for Defendant. 15 7. At this time, the Parties agree that certification of the Class is also appropriate under 16 Federal Rule of Civil Procedure 23(b)(1)(B) because adjudications as to individual Class members, 17 as a practical matter, would be dispositive of the interests of the other persons not parties to the 18 individual adjudications or would substantially impair or impede their ability to protect their interests 19 relating to those issues. 20 8. Plaintiffs may be appointed as Class representatives. 21 9. Miller Shah LLP and Capozzi Adler, P.C. may be appointed as Class counsel. 22 10. This Stipulation does not waive any affirmative defenses Defendant may have as to 23 any member of the Class. Any waiver of affirmative defenses deemed to be made by virtue of this 24 Stipulation shall be consistent with, and limited by, the terms of this Stipulation. Any such waiver 25 would be deemed by the Parties to have been voided in the event that Defendant exercises the options 26 set forth in paragraph 11. 27 11. This Stipulation is without prejudice to any party’s ability to seek relief under Rule 1 23(c)(1)(C) at any time before final judgment, based on a good-faith belief that, because of changed 2 circumstances or new information, the Class no longer satisfies the requirements of Rule 23(a) or 3 23(b)(1). Such relief may include, without limitation, decertification, modification of the Class 4 definition, or certification of sub-classes. 5 12. Class certification has been granted in ERISA cases involving defined contribution 6 plans in the Ninth Circuit and around the country. See, e.g., Munro v. Univ. of Southern California, 7 2019 WL 7842551 (C.D. Cal. Dec. 20, 2019); Urakhchin v. Allianz Asset Mgmt. of Am., L.P., 2017 8 WL 2655678 (C.D. Cal. June 15, 2017); In re Northrop Grumman Corp. ERISA Litig., 2011 WL 9 3505264 (C.D. Cal. Mar. 29, 2011); Foster v. v. Adams & Assocs., Inc., 2019 WL 4305538 (N.D. 10 Cal. Sept. 11, 2019); Norris v. Mazzola, 2017 WL 6493091 (N.D. Cal. Dec. 19, 2017); Cryer v. 11 Franklin Templeton Resources, Inc., 2017 WL 4023149 (N.D. Cal. July 26, 2017); Kanawi v. Bechtel 12 Corp., 254 F.R.D. 102, 112 (N.D. Cal. 2008). 13 13. Similar stipulations regarding class certification also have been approved in other 14 ERISA cases involving defined contribution plans. See In re Biogen, Inc. ERISA Litig., No. 1:20-cv- 15 11325-DJC, ECF No. 104 (D. Mass. Nov. 8, 2022); In re MedStar ERISA Litig., No. 1:20-cv-01984- 16 DLB, ECF No. 64 (D. Md. July 12, 2022); Feinberg v. T. Rowe Price Group, Inc., No. 1:17-cv-00427 17 (D. Md. May 17, 2019); Reetz v. Lowe’s Cos., Inc., No. 5:18-cv-00075, ECF No. 97 (W.D.N.C. 5:18- 18 cv-00075); Moitoso v. FMR LLC, No. 1:18-cv-12122, ECF No. 83 (D. Mass. May 7, 2019); Velazquez 19 v. Mass. Fin. Srvs. LLC, No. 1:17-cv-11249, ECF No. 94 (D. Mass. June 25, 2019); Pledger v. 20 Reliance Tr. Co., No. 1:15-cv-4444, ECF No. 101 (N.D. Ga. Nov. 7, 2017). 21 IT IS SO STIPULATED this 22nd day of January, 2024. 22 /s/ James C. Shah /s/ Donald Patrick Sullivan 23 James C. Shah Donald Patrick Sullivan Ronald S. Kravitz JACKSON LEWIS P.C. 24 MILLER SHAH LLP 50 California Street, 9th Floor 456 Montgomery Street, Suite 1900 San Francisco, CA 94111-4615 25 San Francisco, CA 94104 Telephone: (415) 394-9400 26 Telephone: (866) 540-5505 Facsimile: (415) 394-9401 Facsimile: (866) 3007367 Donald.Sullivan@jacksonlewis.com 27 Email: jcshah@millershah.com 1 rskravitz@millershah.com Howard Shapiro (admitted pro hac vice) Stacey C.S. Cerrone (admitted pro hac vice) 2 James E. Miller Lindsey H. Chopin (admitted pro hac vice) Laurie Rubinow JACKSON LEWIS P.C. 3 MILLER SHAH LLP 601 Poydras Street, Suite 1400 65 Main Street New Orleans, LA 70130 4 Chester, CT 06412 Telephone: (504) 208-1755 Telephone: (866) 540-5505 Facsimile: (504) 208-1759 5 Facsimile: (866) 300-7367 Howard.Shapiro@jacksonlewis.com 6 Email: jemiller@millershah.com Stacey.Cerrone@jacksonlewis.com lrubinow@millershah.com Lindsey.Chopin@jacksonlewis.com 7 Alec J. Berin Attorneys for Defendant 8 MILLER SHAH LLP 1845 Walnut Street, Suite 806 9 Philadelphia, PA 19103 10 Telephone: (866) 540-5505 Facsimile: (866) 300-7367 11 Email: mpols@millershah.com ajberin@millershah.com 12 13 Donald R. Reavey CAPOZZI ADLER, P.C. 14 2933 North Front Street Harrisburg, PA 17110 15 Telephone: (717) 233-4101 Facsimile: (717) 233-4103 16 Email: donr@capozziadler.com 17 Mark K. Gyandoh 18 CAPOZZI ADLER P.C. 312 Old Lancaster Road 19 Merion Station, PA 19066 Telephone: (610) 890-0200 20 Facsimile: (717) 233-4103 21 Email: markg@capozziadler.com 22 Daniel L. Germain ROSMAN & GERMAIN LLP 23 16311 Ventura Blvd, Suite1200 Encino, CA 91436-2152 24 Telephone: (818) 788-0877 25 Facsimile: (818) 788-0885 Email: Germain@lalawyer.com 26 Attorneys for Plaintiffs, the Plan, 27 and the Proposed Class 1 ORDER 2 Considering the above stipulation in light of the entire record: 3 1. The following class (“Class”) is certified to pursue the claims set forth in the 4 Complaint: 5 All participants and beneficiaries in the Sutter Health 403(b) Savings Plan at any 6 time on or after July 21, 2014 to the present (the “Class Period”). 7 2. The Court finds the Class to be numerous, as the parties have stipulated that the Plan 8 had thousands of participants during the Class Period. 9 3. The Parties stipulate, and the Court finds, that there are common issues related to the 10 claims of the Class including inter alia: (1) whether the Plan fiduciaries discharged their duties of 11 prudence and loyalty with respect to the Plan in (a) monitoring investment options in the Plan and 12 (b) monitoring the Plan’s recordkeeping and administrative services arrangements; (2) whether the 13 Plan and its participants and beneficiaries were injured by any breaches of duty; and (3) whether the 14 Plan and its participants and beneficiaries are entitled to any recovery and the measure of any such 15 recovery. 16 4. The Parties stipulate, and the Court finds, that Plaintiffs are typical of other Class 17 members with respect to the claims at issue in this litigation, as they participated in the Plan during 18 the Class Period and were treated consistently with other Class members. 19 5. The Parties agree, and the Court finds, that Plaintiffs are adequate to represent the 20 Class and have no known conflicts with any Class members. In addition, Plaintiffs have retained 21 competent and experienced counsel, associated with Miller Shah LLP and Capozzi Adler, P.C., on 22 behalf of the Class. The Parties agree and the Court finds that neither Plaintiffs nor their counsel 23 have any interests that might cause them to refrain from vigorously pursuing the claims in this 24 action. Plaintiffs and their counsel are therefore adequate to represent the Class. 25 6. The Parties agree, and the Court finds, that certification of the Class is appropriate 26 under Federal Rule of Civil Procedure 23(b)(1)(A) because prosecuting separate actions against 27 1||Defendant would create a risk of inconsistent or varying adjudications with respect to individual members that would establish incompatible standards of conduct for Defendant. 3 7. The Parties further agree, and the Court further, finds that certification of the Class is appropriate under Federal Rule of Civil Procedure 23(b)(1)(B) because adjudications as to 5||individual Class members, as a practical matter, would be dispositive of the interests of the other 6|| persons not parties to the individual adjudications or would substantially impair or impede their ability to protect their interests relating to those issues. 8 8. Plaintiffs are appointed as Class representatives. 9 9. Miller Shah LLP and Capozzi Adler, P.C. are appointed as Class counsel. 10 ll IT IS SO ORDERED. 12|| Dated: _ January 26, 2024 Cerin | Tower TED STATES DISTRICT JUDGE 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER -6- REGARDING CLASS CERTIFICATION 1-90-cv_01007_T11 □□□□