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1 QUINN EMANUEL URQUHART & SULLIVAN, LLP
Michael E. Liftik (CA Bar No. 232430)
2 Sarah Heaton Concannon (pro hac vice)
1300 I Street, Suite 900
3 Washington, D.C. 20005
Telephone: (202) 538-8000
4 michaelliftik@quinnemanuel.com 4/1/2022
sarahconcannon@quinnemanuel.com
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Emily C. Kapur (CA Bar No. 306724)
6 555 Twin Dolphin Dr., 5th Fl.
7 Redwood Shores, California 94065
Telephone: (650) 801-5000
8 emilykapur@quinnemanuel.com
9 Brenna D. Nelinson (pro hac vice)
51 Madison Avenue, 22nd Fl.
10 New York, New York 10010
Telephone: (212) 849-7000
11 brennanelinson@quinnemanuel.com
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[Additional Counsel on Signature Page]
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Attorneys for Defendants Dfinity USA Research, LLC and Dfinity Stiftung
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15 SUPERIOR COURT OF THE STATE OF CALIFORNIA
16 COUNTY OF SAN MATEO
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DANIEL OCAMPO, Individually and on Behalf Case No. 21-CIV-03843
18 of All Others Similarly Situated,
Assigned for All Purposes to
19 Plaintiff, Hon. Danny. Y. Chou
20 v.
JOINT STATEMENT SUBMITTED IN
21 DFINITY USA RESEARCH, LLC, DFINITY ADVANCE OF APRIL 7, 2022 CASE
22 STIFTUNG, AH CAPITAL MANAGEMENT, MANAGEMENT CONFERENCE
L.L.C., POLYCHAIN CAPITAL, DOMINIC
23 WILLIAMS, and JOHN DOES 1-20, April 1, 2022
24 Defendants.
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
1 Plaintiff Daniel Ocampo (“Plaintiff”), and Defendants Dfinity USA Research, LLC, Dfinity
2 Stiftung, AH Capital Management, L.L.C., and Polychain Capital LP (“Defendants” and, together
3 with Plaintiff, the “Parties”), by and through their undersigned counsel, pursuant to Case
4 Management Orders #1 and #2, hereby jointly state as follows:
5 (a) The upcoming case management conference, scheduled for April 7, 2022, will be the
6 second case management conference in this matter.
7 (b) Discovery is presently stayed.
8 (c) On February 25, 2022, Defendant AH Capital Management, L.L.C. filed a motion to
9 stay discovery pending resolution of Defendants’ demurrers pursuant to Section 77z-
10 1(b)(1) of the Private Securities Litigation Reform Act, 15 U.S.C. § 77z-1(b)(1), and
11 Defendants Dfinity USA Research, LLC, Dfinity Stiftung, and Polychain Capital LP
12 joined in that motion. Plaintiff opposed the motion to stay discovery on March 11,
13 2022, and Defendant AH Capital Management, L.L.C. filed a reply in support of its
14 motion, which was joined by the other Defendants, on March 24, 2022. The motion
15 to stay discovery is scheduled to be heard at the April 7, 2022 hearing. Case
16 Management Order #2, ¶ 2.
17 (d) On February 25, 2022, Defendants each filed demurrers in response to the
18 Complaint. Plaintiff opposed Defendants’ demurrers on March 11, 2022.
19 Defendants filed replies in support of their demurrers on March 24, 2022.
20 Defendants’ demurrers are scheduled to be heard at the April 7, 2022 hearing.
21 10/29/2021 Order Re Scheduling of Motions, ¶ 3.
22 (e) In addition to the above motions, there are three other procedural issues that are likely
23 to arise in the case:
24 1. Dominic Williams is not in the United States and has not been served. The
25 Court has granted Plaintiff an extension until June 10, 2022 to effect service
26 on Mr. Williams. 12/13/2021 Order Extending Time to Serve, ¶ 9.
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
1 2. Plaintiff has named John Doe defendants and anticipates naming additional
2 defendants who purportedly sold and/or solicited ICP token sales upon
3 learning their identities in discovery.
4 3. A related case in the Northern District of California, Valenti v. Dfinity USA
5 Research LLC, et al., No. 21-cv-06118-JD (the “Federal Case”), concerns the
6 same causes of action and many of the same alleged facts as this action and
7 is proceeding in parallel to this action. The lead plaintiff in the Federal Case
8 filed an amended complaint on February 3, 2022, which the defendants to the
9 Federal Case will move to dismiss on April 4, 2022 per the briefing schedule
10 in that case.
11 (f) The Parties have not yet engaged in settlement talks or mediation.
12 (g) The Parties do not have other matters to raise with the Court at this time.
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
1 DATED: April 1, 2022 SCOTT+SCOTT ATTORNEYS AT LAW LLP
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/s/ John T. Jasnoch
4 John T. Jasnoch (CA 281605)
600 W. Broadway, Suite 3300
5 San Diego, CA 92101
Telephone: 619-233-4565
6 Facsimile: 619-233-0508
7 jjasnoch@scott-scott.com
8 SCOTT+SCOTT ATTORNEYS AT LAW LLP
Sean Sean T. Masson (admitted pro hac vice)
9 The Helmsley Building
230 Park Avenue, 17th Floor
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New York, NY 10169
11 Telephone: 212-223-6444
Facsimile: 212-223-6334
12 smasson@scott-scott.com
13 Counsel for Plaintiff Daniel Ocampo
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
1 DATED: April 1, 2022 QUINN EMANUEL URQUHART &
SULLIVAN LLP
2
/s/ Michael E. Liftik
3 Michael E. Liftik (CA Bar No. 232430)
1300 I Street, Suite 900
4 Washington, D.C. 20005
5 Telephone: (202) 538-8000
michaelliftik@quinnemanuel.com
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Emily C. Kapur (CA Bar No. 306724)
7 555 Twin Dolphin Dr., 5th Fl.
Redwood Shores, California 94065
8 Telephone: (650) 801-5000
9 emilykapur@quinnemanuel.com
10 Counsel for Defendants Dfinity USA Research, LLC
and Dfinity Stiftung
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12 DATED: April 1, 2022 CRAVATH, SWAINE & MOORE LLP
13 /s/ Antony L. Ryan
Antony L. Ryan (admitted pro hac vice)
14 Kevin J. Orsini (admitted pro hac vice)
Lauren M. Rosenberg (admitted pro hac vice)
15 Worldwide Plaza
825 Eighth Avenue
16 New York, New York 10019
Tel.: (212) 474-1000
17 Fax: (212) 474-3700
aryan@cravath.com
18 korsini@cravath.com
19 lrosenberg@cravath.com
20 Counsel for Defendants Dfinity USA Research, LLC
and Dfinity Stiftung
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
1 DATED: April 1, 2022 LATHAM & WATKINS LLP
2 /s/ Matthew Rawlinson
Matthew Rawlinson (CA 231890)
3 140 Scott Drive
Menlo Park, CA 94025
4 Telephone: 650-463-3076
Facsimile: 650-463-2600
5 matt.rawlinson@lw.com
6 Susan E. Engel (admitted pro hac vice)
555 Eleventh Street, NW, Suite 1000
7 Washington, D.C. 20004-1304
Telephone: 202-637-2200
8 Facsimile: 202-637-2201
susan.engel@lw.com
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Benjamin A. Naftalis (admitted pro hac vice)
10 Gregory Mortenson (admitted pro hac vice)
1271 Avenue of the Americas
11 New York, NY 10020
Telephone: 212-906-1200
12 Facsimile: 212-751-4864
benjamin.naftalis@lw.com
13 gregory.mortenson@lw.com
14 Attorneys for Defendant AH Capital Management,
L.L.C
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
1 DATED: April 1, 2022 KEESAL, YOUNG & LOGAN
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Peter R. Boutin (CA Bar No. 65261)
3 Christopher A. Stecher (CA Bar No. 215329)
450 Pacific Avenue
4 San Francisco, California 94133
5 Telephone: (415) 398-6000
peter.boutin@kyl.com
6 christopher.stecher@kyl.com
7 Counsel for Defendant Polychain Capital LP
8 DATED: April 1, 2022 CLEARY GOTTLIEB STEEN & HAMILTON LLP
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Roger A. Cooper (admitted pro hac vice)
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Jared Gerber (admitted pro hac vice)
11 One Liberty Plaza
New York, NY 10006
12 Telephone: 212-225-2283
racooper@cgsh.com
13 jgerber@cgsh.com
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Of Counsel for Defendant Polychain Capital LP
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JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE
CASE NO. 21-CIV-03843
Preview
1 QUINN EMANUEL URQUHART & SULLIVAN, LLP Michael E. Liftik (CA Bar No. 232430) 2 Sarah Heaton Concannon (pro hac vice) 1300 I Street, Suite 900 3 Washington, D.C. 20005 Telephone: (202) 538-8000 4 michaelliftik@quinnemanuel.com 4/1/2022 sarahconcannon@quinnemanuel.com 5 Emily C. Kapur (CA Bar No. 306724) 6 555 Twin Dolphin Dr., 5th Fl. 7 Redwood Shores, California 94065 Telephone: (650) 801-5000 8 emilykapur@quinnemanuel.com 9 Brenna D. Nelinson (pro hac vice) 51 Madison Avenue, 22nd Fl. 10 New York, New York 10010 Telephone: (212) 849-7000 11 brennanelinson@quinnemanuel.com 12 [Additional Counsel on Signature Page] 13 Attorneys for Defendants Dfinity USA Research, LLC and Dfinity Stiftung 14 15 SUPERIOR COURT OF THE STATE OF CALIFORNIA 16 COUNTY OF SAN MATEO 17 DANIEL OCAMPO, Individually and on Behalf Case No. 21-CIV-03843 18 of All Others Similarly Situated, Assigned for All Purposes to 19 Plaintiff, Hon. Danny. Y. Chou 20 v. JOINT STATEMENT SUBMITTED IN 21 DFINITY USA RESEARCH, LLC, DFINITY ADVANCE OF APRIL 7, 2022 CASE 22 STIFTUNG, AH CAPITAL MANAGEMENT, MANAGEMENT CONFERENCE L.L.C., POLYCHAIN CAPITAL, DOMINIC 23 WILLIAMS, and JOHN DOES 1-20, April 1, 2022 24 Defendants. 25 26 27 28 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843 1 Plaintiff Daniel Ocampo (“Plaintiff”), and Defendants Dfinity USA Research, LLC, Dfinity 2 Stiftung, AH Capital Management, L.L.C., and Polychain Capital LP (“Defendants” and, together 3 with Plaintiff, the “Parties”), by and through their undersigned counsel, pursuant to Case 4 Management Orders #1 and #2, hereby jointly state as follows: 5 (a) The upcoming case management conference, scheduled for April 7, 2022, will be the 6 second case management conference in this matter. 7 (b) Discovery is presently stayed. 8 (c) On February 25, 2022, Defendant AH Capital Management, L.L.C. filed a motion to 9 stay discovery pending resolution of Defendants’ demurrers pursuant to Section 77z- 10 1(b)(1) of the Private Securities Litigation Reform Act, 15 U.S.C. § 77z-1(b)(1), and 11 Defendants Dfinity USA Research, LLC, Dfinity Stiftung, and Polychain Capital LP 12 joined in that motion. Plaintiff opposed the motion to stay discovery on March 11, 13 2022, and Defendant AH Capital Management, L.L.C. filed a reply in support of its 14 motion, which was joined by the other Defendants, on March 24, 2022. The motion 15 to stay discovery is scheduled to be heard at the April 7, 2022 hearing. Case 16 Management Order #2, ¶ 2. 17 (d) On February 25, 2022, Defendants each filed demurrers in response to the 18 Complaint. Plaintiff opposed Defendants’ demurrers on March 11, 2022. 19 Defendants filed replies in support of their demurrers on March 24, 2022. 20 Defendants’ demurrers are scheduled to be heard at the April 7, 2022 hearing. 21 10/29/2021 Order Re Scheduling of Motions, ¶ 3. 22 (e) In addition to the above motions, there are three other procedural issues that are likely 23 to arise in the case: 24 1. Dominic Williams is not in the United States and has not been served. The 25 Court has granted Plaintiff an extension until June 10, 2022 to effect service 26 on Mr. Williams. 12/13/2021 Order Extending Time to Serve, ¶ 9. 27 28 2 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843 1 2. Plaintiff has named John Doe defendants and anticipates naming additional 2 defendants who purportedly sold and/or solicited ICP token sales upon 3 learning their identities in discovery. 4 3. A related case in the Northern District of California, Valenti v. Dfinity USA 5 Research LLC, et al., No. 21-cv-06118-JD (the “Federal Case”), concerns the 6 same causes of action and many of the same alleged facts as this action and 7 is proceeding in parallel to this action. The lead plaintiff in the Federal Case 8 filed an amended complaint on February 3, 2022, which the defendants to the 9 Federal Case will move to dismiss on April 4, 2022 per the briefing schedule 10 in that case. 11 (f) The Parties have not yet engaged in settlement talks or mediation. 12 (g) The Parties do not have other matters to raise with the Court at this time. 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843 1 DATED: April 1, 2022 SCOTT+SCOTT ATTORNEYS AT LAW LLP 2 3 /s/ John T. Jasnoch 4 John T. Jasnoch (CA 281605) 600 W. Broadway, Suite 3300 5 San Diego, CA 92101 Telephone: 619-233-4565 6 Facsimile: 619-233-0508 7 jjasnoch@scott-scott.com 8 SCOTT+SCOTT ATTORNEYS AT LAW LLP Sean Sean T. Masson (admitted pro hac vice) 9 The Helmsley Building 230 Park Avenue, 17th Floor 10 New York, NY 10169 11 Telephone: 212-223-6444 Facsimile: 212-223-6334 12 smasson@scott-scott.com 13 Counsel for Plaintiff Daniel Ocampo 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 4 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843 1 DATED: April 1, 2022 QUINN EMANUEL URQUHART & SULLIVAN LLP 2 /s/ Michael E. Liftik 3 Michael E. Liftik (CA Bar No. 232430) 1300 I Street, Suite 900 4 Washington, D.C. 20005 5 Telephone: (202) 538-8000 michaelliftik@quinnemanuel.com 6 Emily C. Kapur (CA Bar No. 306724) 7 555 Twin Dolphin Dr., 5th Fl. Redwood Shores, California 94065 8 Telephone: (650) 801-5000 9 emilykapur@quinnemanuel.com 10 Counsel for Defendants Dfinity USA Research, LLC and Dfinity Stiftung 11 12 DATED: April 1, 2022 CRAVATH, SWAINE & MOORE LLP 13 /s/ Antony L. Ryan Antony L. Ryan (admitted pro hac vice) 14 Kevin J. Orsini (admitted pro hac vice) Lauren M. Rosenberg (admitted pro hac vice) 15 Worldwide Plaza 825 Eighth Avenue 16 New York, New York 10019 Tel.: (212) 474-1000 17 Fax: (212) 474-3700 aryan@cravath.com 18 korsini@cravath.com 19 lrosenberg@cravath.com 20 Counsel for Defendants Dfinity USA Research, LLC and Dfinity Stiftung 21 22 23 24 25 26 27 28 5 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843 1 DATED: April 1, 2022 LATHAM & WATKINS LLP 2 /s/ Matthew Rawlinson Matthew Rawlinson (CA 231890) 3 140 Scott Drive Menlo Park, CA 94025 4 Telephone: 650-463-3076 Facsimile: 650-463-2600 5 matt.rawlinson@lw.com 6 Susan E. Engel (admitted pro hac vice) 555 Eleventh Street, NW, Suite 1000 7 Washington, D.C. 20004-1304 Telephone: 202-637-2200 8 Facsimile: 202-637-2201 susan.engel@lw.com 9 Benjamin A. Naftalis (admitted pro hac vice) 10 Gregory Mortenson (admitted pro hac vice) 1271 Avenue of the Americas 11 New York, NY 10020 Telephone: 212-906-1200 12 Facsimile: 212-751-4864 benjamin.naftalis@lw.com 13 gregory.mortenson@lw.com 14 Attorneys for Defendant AH Capital Management, L.L.C 15 16 17 18 19 20 21 22 23 24 25 26 27 28 6 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843 1 DATED: April 1, 2022 KEESAL, YOUNG & LOGAN 2 Peter R. Boutin (CA Bar No. 65261) 3 Christopher A. Stecher (CA Bar No. 215329) 450 Pacific Avenue 4 San Francisco, California 94133 5 Telephone: (415) 398-6000 peter.boutin@kyl.com 6 christopher.stecher@kyl.com 7 Counsel for Defendant Polychain Capital LP 8 DATED: April 1, 2022 CLEARY GOTTLIEB STEEN & HAMILTON LLP 9 Roger A. Cooper (admitted pro hac vice) 10 Jared Gerber (admitted pro hac vice) 11 One Liberty Plaza New York, NY 10006 12 Telephone: 212-225-2283 racooper@cgsh.com 13 jgerber@cgsh.com 14 Of Counsel for Defendant Polychain Capital LP 15 16 17 18 19 20 21 22 23 24 25 26 27 28 7 JOINT STATEMENT SUBMITTED IN ADVANCE OF APRIL 7, 2022 CASE MANAGEMENT CONFERENCE CASE NO. 21-CIV-03843