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Posted On: 07/25/2014 12:45:35 PM
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Pacer update 07/24/2014) - Howell, et al., v. JBI, Inc. et al CIVIL DOCKET FOR CASE #: 3:11-cv-00545
ecf.nvd.uscourts.gov
Date Filed # Docket Text
07/24/2014 86 DECLARATION re 84 Supplemental MOTION for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures ; filed by Plaintiffs Howard L. Howell, Ellisa Pancoe. (Attachments: # 1 Exhibit 1 - Stipulation of Settlement, # 2 Exhibit 2 - Preliminary Approval Order, # 3 Exhibit 3 - Notice, # 4 Exhibit 4 - Proof of Claim, # 5 Exhibit 5 - Summary Notice, # 6 Exhibit 6 - Proposed Final Judgment, # 7 Exhibit 7 - Plan of Allocation, # 8 Exhibit 8 - Cornerstone Research, # 9 Exhibit 9 - Estimates)(Sams, Ex Kano) (Entered: 07/24/2014)
07/24/2014 85 MEMORANDUM filed by Plaintiffs Howard L. Howell, Ellisa Pancoe re 84 Supplemental MOTION for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures. (Sams, Ex Kano) (Entered: 07/24/2014)
07/24/2014 84 Supplemental MOTION for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures by Plaintiffs Howard L. Howell, Ellisa Pancoe. Responses due by 8/10/2014. (Sams, Ex Kano) (Entered: 07/24/2014)
Howard L. Howell, et al., v. JBI, Inc. et al
Assigned to: Chief Judge Robert C. Jones
Referred to: Magistrate Judge William G. Cobb
Cause: 15:78m(a) Securities Exchange Act
Date Filed: 07/28/2011
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: Federal Question
Plaintiff
Ellisa Pancoe
represented by David C OMara
The OMara Law Firm, P.C.
311 E. Liberty Street
Reno, NV 89501
775-323-1321
Fax: 775-323-4082
Email: david@omaralaw.net
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Ex Kano S. Sams , II
Glancy Binkow & Goldberg LLP
1925 Century Park East
Los Angeles, CA 90067
310-201-9150
Fax: 310-201-9160
Email: esams@glancylaw.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Lionel Z. Glancy
GLANCY BINKOW & GOLDBERG LLP
1801 Avenue of the Stars
Suite 311
Los Angeles, CA 90067
310-201-9150
Fax: 310-201-9160
Email: INFO@GLANCYLAW.COM
ATTORNEY TO BE NOTICED
Michael M. Goldberg
Glancy Binkow & Goldberg LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(310) 201-9150
Fax: (310) 201-9160
Email: mmgoldberg@glancylaw.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Robert V. Prongay
Glancy Binkow & Goldberg LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(310) 201-9150
Fax: (310) 201-9160
Email: rprongay@glancylaw.com
ATTORNEY TO BE NOTICED
Plaintiff
Howard L. Howell
represented by David C OMara
(See above for address)
ATTORNEY TO BE NOTICED
Ex Kano S. Sams , II
(See above for address)
ATTORNEY TO BE NOTICED
Michael M. Goldberg
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
V.
Movant
Tim Amos
represented by Laurence M Rosen
The Rosen Law Firm, P.A.
355 South Grand Avenue
Los Angeles, CA 90071
213-785-2610
Fax: 213-226-4684
Email: lrosen@rosenlegal.com
ATTORNEY TO BE NOTICED
Patrick R. Leverty
Leverty & Associates, Chtd.
832 Willow St.
Reno, NV 89502
775-322-6636
Fax: 775-322-3953
Email: pat@levertylaw.com
ATTORNEY TO BE NOTICED
V.
Defendant
JBI, Inc.
formerly known as
310 Holdings, Inc.
represented by Richard G. Campbell , Jr.
Armstrong Teasdale, LLP
50 W. Liberty Street, Suite 950
Reno, NV 89501
775-322-7400
Fax: 775-322-7400
Email: rcampbell@armstrongteasdale.com
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Bret F Meich
Armstrong Teasdale, LLP
50 W. Liberty St., Ste. 950
Reno, NV 89501
775-322-7400
Fax: 775-322-9049
Email: bmeich@armstrongteasdale.com
ATTORNEY TO BE NOTICED
Katherine W. Wittenberg
Faegre Baker Daniels LLP
1470 Walnut Street
Boulder, CO 80503
303-447-7820
Fax: 303-447-7800
Email: katherine.wittenberg@faegrebd.com
ATTORNEY TO BE NOTICED
Laura S. Perlov
Holme Roberts & Owen LLP
1700 Lincoln Street, Suite 4100
Denver, CO 80203
303-861-7000
TERMINATED: 06/04/2012
PRO HAC VICE
ATTORNEY TO BE NOTICED
Michael R. MacPhail
Faegre Baker Daniels LLP
3200 Wells Fargo Center
1700 Lincoln Street
Ste 3200
Denver, CO 80203
303-607-3692
Fax: 303-607-3600
Email: michael.macphail@faegrebd.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Sarah L. Geiger
Faegre Baker Daniels LLP
1700 Lincoln Street
Denver, CO 80203
303-607-3647
Email: sarah.geiger@faegrebd.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Defendant
John Bordynuik represented by
Richard G. Campbell , Jr.
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Bret F Meich
(See above for address)
ATTORNEY TO BE NOTICED
Katherine W. Wittenberg
(See above for address)
ATTORNEY TO BE NOTICED
Laura S. Perlov
(See above for address)
TERMINATED: 06/04/2012
ATTORNEY TO BE NOTICED
Michael R. MacPhail
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
Sarah L. Geiger
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
Defendant
Ronald Baldwin, Jr.
represented by Bret F Meich
(See above for address)
ATTORNEY TO BE NOTICED
Katherine W. Wittenberg
(See above for address)
ATTORNEY TO BE NOTICED
Laura S. Perlov
(See above for address)
TERMINATED: 06/04/2012
PRO HAC VICE
ATTORNEY TO BE NOTICED
Michael R. MacPhail
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
Richard G. Campbell , Jr.
(See above for address)
ATTORNEY TO BE NOTICED
Sarah L. Geiger
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
ecf.nvd.uscourts.gov
From Doc 85
I. PRELIMINARY STATEMENT
Lead Plaintiff Howard L. Howell and Plaintiff Ellisa Pancoe (collectively “Plaintiffs”) hereby submit this Supplemental Motion for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures in response to the Court’s April 1, 2014 Order. The Parties have reached a proposed settlement of this securities class action (the “Proposed Settlement”) in which Defendant JBI, Inc., formerly 310 HOLDINGS, Inc. (“JBI” or the “Company”) shall issue shares of its authorized but unissued common stock to fund the Settlement (“JBI Settlement Shares”). The number of shares will be dependent on the price of JBI shares as of the date of entry of the Final Judgment (the “Judgment Date”), attached as Exhibit B to the Stipulation of Settlement dated August 8, 2013 (the “Stipulation”).1 In no event will the number of JBI Settlement Shares be less than 1.75 million. The parties elected to use JBI’s shares to comprise the proposed settlement in light of the financial condition of the Company.2
1 The Stipulation was extensively negotiated among the Parties and is attached as Exhibit 1 to the Declaration of Ex Kano S. Sams II in Support of Plaintiffs’ Supplemental Motion for Preliminary Approval (“Sams Decl.”), which is filed concurrently herewith.
2 The number of shares will be dependent on the price of JBI shares as of the Judgment Date. If the price of JBI’s common stock is less than $0.50 per share (based upon the average closing price for the 90 trading days preceding the Judgment Date) on the date of the Judgment, the Company will issue three (3) million shares of common stock which will comprise the Settlement Fund. If the price of JBI’s common stock falls between $0.50 and $0.70 per share, inclusive (based upon the average closing price for the 90 trading days preceding the Judgment Date), the Company will issue two and one-half (2.5) million shares of common stock which will comprise the Settlement Fund. If the price of JBI’s common stock is more than $0.70 per share (based upon the average closing price for the 90 trading days preceding the Judgment Date) on the date of the Judgment, the Company will issue one and three-quarters (1.75) million shares of common stock which will comprise the Settlement Fund.
3 Because Defendants consent to the relief requested in this motion, unless the Court requests further briefing, the motion is now fully submitted for the Court’s review.
Pacer update 07/24/2014) - Howell, et al., v. JBI, Inc. et al CIVIL DOCKET FOR CASE #: 3:11-cv-00545
ecf.nvd.uscourts.gov
Date Filed # Docket Text
07/24/2014 86 DECLARATION re 84 Supplemental MOTION for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures ; filed by Plaintiffs Howard L. Howell, Ellisa Pancoe. (Attachments: # 1 Exhibit 1 - Stipulation of Settlement, # 2 Exhibit 2 - Preliminary Approval Order, # 3 Exhibit 3 - Notice, # 4 Exhibit 4 - Proof of Claim, # 5 Exhibit 5 - Summary Notice, # 6 Exhibit 6 - Proposed Final Judgment, # 7 Exhibit 7 - Plan of Allocation, # 8 Exhibit 8 - Cornerstone Research, # 9 Exhibit 9 - Estimates)(Sams, Ex Kano) (Entered: 07/24/2014)
07/24/2014 85 MEMORANDUM filed by Plaintiffs Howard L. Howell, Ellisa Pancoe re 84 Supplemental MOTION for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures. (Sams, Ex Kano) (Entered: 07/24/2014)
07/24/2014 84 Supplemental MOTION for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures by Plaintiffs Howard L. Howell, Ellisa Pancoe. Responses due by 8/10/2014. (Sams, Ex Kano) (Entered: 07/24/2014)
Howard L. Howell, et al., v. JBI, Inc. et al
Assigned to: Chief Judge Robert C. Jones
Referred to: Magistrate Judge William G. Cobb
Cause: 15:78m(a) Securities Exchange Act
Date Filed: 07/28/2011
Jury Demand: Plaintiff
Nature of Suit: 850 Securities/Commodities
Jurisdiction: Federal Question
Plaintiff
Ellisa Pancoe
represented by David C OMara
The OMara Law Firm, P.C.
311 E. Liberty Street
Reno, NV 89501
775-323-1321
Fax: 775-323-4082
Email: david@omaralaw.net
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Ex Kano S. Sams , II
Glancy Binkow & Goldberg LLP
1925 Century Park East
Los Angeles, CA 90067
310-201-9150
Fax: 310-201-9160
Email: esams@glancylaw.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Lionel Z. Glancy
GLANCY BINKOW & GOLDBERG LLP
1801 Avenue of the Stars
Suite 311
Los Angeles, CA 90067
310-201-9150
Fax: 310-201-9160
Email: INFO@GLANCYLAW.COM
ATTORNEY TO BE NOTICED
Michael M. Goldberg
Glancy Binkow & Goldberg LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(310) 201-9150
Fax: (310) 201-9160
Email: mmgoldberg@glancylaw.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Robert V. Prongay
Glancy Binkow & Goldberg LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
(310) 201-9150
Fax: (310) 201-9160
Email: rprongay@glancylaw.com
ATTORNEY TO BE NOTICED
Plaintiff
Howard L. Howell
represented by David C OMara
(See above for address)
ATTORNEY TO BE NOTICED
Ex Kano S. Sams , II
(See above for address)
ATTORNEY TO BE NOTICED
Michael M. Goldberg
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
V.
Movant
Tim Amos
represented by Laurence M Rosen
The Rosen Law Firm, P.A.
355 South Grand Avenue
Los Angeles, CA 90071
213-785-2610
Fax: 213-226-4684
Email: lrosen@rosenlegal.com
ATTORNEY TO BE NOTICED
Patrick R. Leverty
Leverty & Associates, Chtd.
832 Willow St.
Reno, NV 89502
775-322-6636
Fax: 775-322-3953
Email: pat@levertylaw.com
ATTORNEY TO BE NOTICED
V.
Defendant
JBI, Inc.
formerly known as
310 Holdings, Inc.
represented by Richard G. Campbell , Jr.
Armstrong Teasdale, LLP
50 W. Liberty Street, Suite 950
Reno, NV 89501
775-322-7400
Fax: 775-322-7400
Email: rcampbell@armstrongteasdale.com
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Bret F Meich
Armstrong Teasdale, LLP
50 W. Liberty St., Ste. 950
Reno, NV 89501
775-322-7400
Fax: 775-322-9049
Email: bmeich@armstrongteasdale.com
ATTORNEY TO BE NOTICED
Katherine W. Wittenberg
Faegre Baker Daniels LLP
1470 Walnut Street
Boulder, CO 80503
303-447-7820
Fax: 303-447-7800
Email: katherine.wittenberg@faegrebd.com
ATTORNEY TO BE NOTICED
Laura S. Perlov
Holme Roberts & Owen LLP
1700 Lincoln Street, Suite 4100
Denver, CO 80203
303-861-7000
TERMINATED: 06/04/2012
PRO HAC VICE
ATTORNEY TO BE NOTICED
Michael R. MacPhail
Faegre Baker Daniels LLP
3200 Wells Fargo Center
1700 Lincoln Street
Ste 3200
Denver, CO 80203
303-607-3692
Fax: 303-607-3600
Email: michael.macphail@faegrebd.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Sarah L. Geiger
Faegre Baker Daniels LLP
1700 Lincoln Street
Denver, CO 80203
303-607-3647
Email: sarah.geiger@faegrebd.com
PRO HAC VICE
ATTORNEY TO BE NOTICED
Defendant
John Bordynuik represented by
Richard G. Campbell , Jr.
(See above for address)
LEAD ATTORNEY
ATTORNEY TO BE NOTICED
Bret F Meich
(See above for address)
ATTORNEY TO BE NOTICED
Katherine W. Wittenberg
(See above for address)
ATTORNEY TO BE NOTICED
Laura S. Perlov
(See above for address)
TERMINATED: 06/04/2012
ATTORNEY TO BE NOTICED
Michael R. MacPhail
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
Sarah L. Geiger
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
Defendant
Ronald Baldwin, Jr.
represented by Bret F Meich
(See above for address)
ATTORNEY TO BE NOTICED
Katherine W. Wittenberg
(See above for address)
ATTORNEY TO BE NOTICED
Laura S. Perlov
(See above for address)
TERMINATED: 06/04/2012
PRO HAC VICE
ATTORNEY TO BE NOTICED
Michael R. MacPhail
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
Richard G. Campbell , Jr.
(See above for address)
ATTORNEY TO BE NOTICED
Sarah L. Geiger
(See above for address)
PRO HAC VICE
ATTORNEY TO BE NOTICED
ecf.nvd.uscourts.gov
From Doc 85
I. PRELIMINARY STATEMENT
Lead Plaintiff Howard L. Howell and Plaintiff Ellisa Pancoe (collectively “Plaintiffs”) hereby submit this Supplemental Motion for Entry of Order Preliminarily Approving Settlement and Establishing Notice Procedures in response to the Court’s April 1, 2014 Order. The Parties have reached a proposed settlement of this securities class action (the “Proposed Settlement”) in which Defendant JBI, Inc., formerly 310 HOLDINGS, Inc. (“JBI” or the “Company”) shall issue shares of its authorized but unissued common stock to fund the Settlement (“JBI Settlement Shares”). The number of shares will be dependent on the price of JBI shares as of the date of entry of the Final Judgment (the “Judgment Date”), attached as Exhibit B to the Stipulation of Settlement dated August 8, 2013 (the “Stipulation”).1 In no event will the number of JBI Settlement Shares be less than 1.75 million. The parties elected to use JBI’s shares to comprise the proposed settlement in light of the financial condition of the Company.2
1 The Stipulation was extensively negotiated among the Parties and is attached as Exhibit 1 to the Declaration of Ex Kano S. Sams II in Support of Plaintiffs’ Supplemental Motion for Preliminary Approval (“Sams Decl.”), which is filed concurrently herewith.
2 The number of shares will be dependent on the price of JBI shares as of the Judgment Date. If the price of JBI’s common stock is less than $0.50 per share (based upon the average closing price for the 90 trading days preceding the Judgment Date) on the date of the Judgment, the Company will issue three (3) million shares of common stock which will comprise the Settlement Fund. If the price of JBI’s common stock falls between $0.50 and $0.70 per share, inclusive (based upon the average closing price for the 90 trading days preceding the Judgment Date), the Company will issue two and one-half (2.5) million shares of common stock which will comprise the Settlement Fund. If the price of JBI’s common stock is more than $0.70 per share (based upon the average closing price for the 90 trading days preceding the Judgment Date) on the date of the Judgment, the Company will issue one and three-quarters (1.75) million shares of common stock which will comprise the Settlement Fund.
3 Because Defendants consent to the relief requested in this motion, unless the Court requests further briefing, the motion is now fully submitted for the Court’s review.
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