Case 1:03-cv-00211-TMR Document 114 Filed 08/15/2005 Page 1 of 6
Exhibit 10.3
UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF OHIO
WESTERN DIVISION (DAYTON)
DAVID SLONE, et al., | ) | Consolidated Case No. 1:03cv211 | ||
| ) | ||||
Plaintiffs, | ) | Judge Thomas M. Rose | ||
| ) | ||||
vs. | ) | |||
| ) | ||||
FIFTH THIRD BANCORP, et al., | ) | |||
| ) | ||||
Defendants | ) | |||
| ) |
SECOND AMENDMENT TO STIPULATION
This Second Amendment to the Stipulation is entered into between Lead Plaintiffs and Defendants through their respective counsel.
WHEREAS:
| a. | On March 29, 2005, the parties entered into a Stipulation and Agreement of Settlement (hereinafter the “Stipulation”), pursuant to which they agreed, subject to Court approval, to a settlement of the Settled Claims as set forth in that Stipulation. |
| b. | Capitalized terms not otherwise defined herein have the meanings defined in the Stipulation. |
| c. | On March 31, 2005, the Court preliminarily approved the settlement reflected in the Stipulation. |
| d. | On May 12, 2005, the parties entered into an Amendment to Stipulation, pursuant to which they agreed, subject to Court approval, to a revision to the definition of the Settled Claims as set forth in that Stipulation. |
| e. | On May 19, 2005, the Court preliminarily approved the settlement reflected in the Amendment to Stipulation. |
| f. | The Lead Plaintiffs and Defendants desire to further revise the Stipulation to clarify the points addressed herein. |
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NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED subject to the approval of the Court pursuant to Rule 23(e) of the Federal Rules of Civil Procedure, as follows:
1. The definition of Settled Claims set forth in paragraph 1(t) of the Stipulation is amended by replacing the following sentence previously at the end of that paragraph:
“Settled Claims” do not include claims, if any, against the Released Parties arising under the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001,et seq. (“ERISA”), which claims are the subject of an action pending in the United States District Court, Southern District of Ohio, Western Division, denominatedShirk v. Fifth Third Bancorp, et al., Case No. 1:05CV049.
with this revised sentence:
“Settled Claims” do not include claims, if any, against the Released Parties arising under the Employee Retirement Income Security Act of 1974, 29 U.S.C. § 1001,et seq. (“ERISA”), including but not limited to the claims which are the subject of an action pending in the United States District Court, Southern District of Ohio, Western Division, denominated Shirk v. Fifth Third Bancorp, et al, Case No. 1:05:CV049, other than 1) ERISA claims, if any, which are not the subject of the Shirk action that might be brought against Deloitte & Touche LLP, Deloitte & Touche USA LLP, Deloitte Tax LLP, Deloitte Consulting LLP (successor to Deloitte Consulting Holding LLC), Deloitte Consulting (Nevada) LLC, Deloitte Consulting L.P., Deloitte Consulting (US) LLC, Deloitte Consulting (Holding Sub), Deloitte Touche Tohmatsu (“DTT”), and any member firms of DTT, and any of their past, present, and future direct or indirect parent companies, subsidiaries, divisions, predecessors, successors, partners, and any person, firm, trust, corporation, entity, officer, director or other individual or entity in which Deloitte & Touche LLP has a controlling interest (the “Deloitte Parties”) and 2) ERISA claims, if any, which are not the subject of the Shirk action that might be brought against the Deloitte Parties’ principals, members, directors, officers, managers, attorneys, administrators, auditors, investment advisors, trusts, fiduciaries, employee benefit plan fiduciaries and trustees, accountants, employees, stockholders, owners, agents, subrogees, insurers, servants, representatives, heirs, executors, administrators, personal representatives, legal representatives, transferrees and assigns, and successors in interest of assigns, and or entities which are more than 20 percent owned by a Deloitte Party to the extent that
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Case 1:03-cv-00211-TMR Document 114 Filed 08/15/2005 Page 3 of 6
such claims arise out of auditing or tax services provided by such person or a Deloitte Party or consulting services provided to Fifth Third by such person or a Deloitte Party.
2. The parties have made a corresponding change in the Order and Final Judgment at the end of paragraph 8, pages 5 and 6, attached hereto as Exhibit 1.
3. Except as explicitly and specifically revised herein, the terms of the Stipulation remain unchanged and in full force and effect.
DATED: August 12, 2005
| ANN LUGBILL | ||
By: | /s/ Ann Lugbill | |
Ann Lugbill (0023632) | ||
2406 Auburn Avenue | ||
Cincinnati, Ohio 45219 | ||
Telephone: (513) 784-1280 | ||
Facsimile: (513) 784-1449 | ||
| Trial Attorney for Lead Counsel | ||
| MILBERG WEISS BERSHAD | ||
| & SCHULMAN LLP | ||
By: | /s/ David A.P. Brower | |
Steven G. Schulman | ||
David A.P. Brower | ||
Karen Rogers | ||
Paul J. Andrejkovics | ||
One Pennsylvania Plaza | ||
New York, New York 10119-0165 | ||
Telephone: (212) 594-5300 | ||
Facsimile: (212) 868-1229 | ||
| Plaintiffs’ Lead Counsel | ||
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Case 1:03-cv-00211-TMR Document 114 Filed 08/15/2005 Page 4 of 6
| DeCARLO & CONNOR, P.C. | ||
Daniel M. Shanley | ||
533 South Fremont Avenue | ||
9th Floor | ||
Los Angeles, California 90071-1706 | ||
Telephone: (213) 488-4100 | ||
| CAULEY BOWMAN CARNEY & | ||
| WILLIAMS, LLP | ||
J. Allen Carney | ||
P.O. Box 25438 | ||
Little Rock, Arkansas 72221-5438 | ||
Telephone: (501) 312-8500 | ||
| FARUQI & FARUQI, LLP | ||
Nadeem Faruqi | ||
320 East 39th Street | ||
New York, New York 10016 | ||
Telephone: (212) 983-9330 | ||
| LERACH COUGHLIN STOIA GELLER | ||
| RUDMAN & ROBBINS LLP | ||
Darren Robbins | ||
401 B Street, Suite 1700 | ||
San Diego, California 92101 | ||
Telephone: (619) 231-1058 | ||
| Plaintiffs’ Counsel | ||
| KEATING, MUETHING & KLEKAMP PLL | ||
By: | /s/ Patrick F. Fischer | |
Patrick F. Fischer (0039671) | ||
Rachael A. Rowe (0066823) | ||
Jason M. Cohen (0076081) | ||
1400 Provident Tower | ||
One East Fourth Street | ||
Cincinnati, Ohio 45202-3752 | ||
Telephone: (513) 579-6400 | ||
Facsimile: (513) 579-6457 | ||
| Counsel for Defendant Fifth Third Bancorp | ||
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| WAITE, SCHNEIDER, BAYLESS & | ||
| CHESLEY CO., L.P.A. | ||
By: | /s/ Stanley M. Chesley, Jr. | |
Stanley M. Chesley, Jr. | ||
James R. Cummins | ||
1513 Fourth & Vine Tower | ||
One West Fourth Street | ||
Cincinnati, Ohio 45202 | ||
Telephone: (513) 621-0267 | ||
Facsimile: (513) 381-2375 | ||
| Of Counsel for Defendant Fifth Third Bancorp | ||
| VORYS, SATER, SEYMOUR AND PEASE LLP | ||
By: | /s/ Glen V. Whitaker | |
Glen V. Whitaker (0018169) | ||
Victor A. Walton, Jr. (0055241) | ||
Jeffrey A. Miller (0068815) | ||
Michael J. Bronson (0074448) | ||
Suite 2000, Atrium Two | ||
221 East Fourth Street | ||
Cincinnati, Ohio 45201-0236 | ||
Telephone: (513) 723-4000 | ||
Facsimile: (513) 723-4056 | ||
Counsel for Individual Defendants George A. Schaefer, Jr., Neal E. Arnold, and David J. DeBrunner | ||
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| BIESER, GREER & LANDIS LLP | ||
By: | /s/ James H. Greer | |
David C. Greer (0009090) | ||
James H. Greer (0046555) | ||
400 National City Center | ||
6 North Main Street | ||
Dayton, Ohio 45402 | ||
Telephone: (937) 223-3277 | ||
Facsimile: (937) 223-6339 | ||
| Counsel for Defendant Deloitte & Touche LLP | ||
| SIDLEY AUSTIN BROWN & WOOD LLP | ||
By: | /s/ David A. Gordon | |
Jeffrey R. Tone | ||
David A. Gordon | ||
Bank One Plaza | ||
10 South Dearborn Street | ||
Chicago, Illinois 60603 | ||
Telephone: (312) 853-7000 | ||
Facsimile: (312) 853-7036 | ||
| Counsel for Defendant Deloitte & Touche LLP | ||
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