Free Declaration in Support - District Court of California - California

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Daniel C. Girard (State Bar No. 114826) [email protected] Jonathan K. Levine (State Bar No. 220289) [email protected] Aaron M. Sheanin (State Bar No. 214472) [email protected] Christina H. C. Sharp (State Bar No. 245869) [email protected] GIRARD GIBBS LLP 601 California Street, Suite 1400 San Francisco, CA 94108 Telephone: (415) 981-4800 Facsimile: (415) 981-4846 Lead Counsel for Plaintiffs

UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA ) RICHARD S. BONDAR, as Trustee of the Bondar Family Trust Dated 4/1/91, Individually ) And On Behalf of All Others Similarly Situated, ) ) ) Plaintiff, ) ) v. ) ) BANK OF AMERICA CORPORATION, BANC) OF AMERICA INVESTMENT SERVICES, ) INC., and BANC OF AMERICA SECURITIES, ) ) LLC, ) ) Defendants. )

Case No. CV-08-2599 (JSW) DECLARATION OF AARON M. SHEANIN IN SUPPORT OF ADMINISTRATIVE MOTION RE ORDER APPOINTING LEAD PLAINTIFF AND LEAD COUNSEL

-1DECLARATION OF AARON M. SHEANIN

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I, Aaron M. Sheanin, under penalty of perjury, hereby declare: I am a partner of Girard Gibbs LLP, Lead Counsel in the above-captioned action, and am

admitted to practice in the Northern District of California. I submit this declaration in support of the Administrative Motion re Order Appointing Lead Plaintiff and Lead Counsel. 2. Attached hereto as Exhibit A is a true and correct copy the Order Vacating Order

Granting Plaintiffs' Motion For Appointment As Lead Plaintiff And Approving Lead Plaintiffs' Selection Of Lead Counsel entered by this Court in Van Dyke v. Wells Fargo & Co., et al., 08-1962 (JSW) on August 7, 2008. 3. Attached hereto as Exhibit B is a true and correct copy of the Brief In Support Of

Movants' Motion To Transfer For Coordination in the proceeding styled, In re Auction Rate Securities (ARS) Marketing Litigation, MDL No. 1979, now pending before the Judicial Panel on Multidistrict Litigation. 4. On August 7, 2008, members of my firm spoke with counsel for plaintiffs in the other

auction rate securities class actions pending against Bank of America: Bearman v. Bank of America Corp., et al., Case No. 08-1115 (DMS) (WMC) (S.D. Cal. filed June 23, 2008); Cattell v. Bank of America Corp., et al., Case No. 08-511 (GPM) (S.D. Ill. Filed July 17, 2008); and Ben-Tal v. Bank of America Corp. et al., 08-4767 (MRP) (PLA) (C.D. Cal. filed July 21, 2008). Plaintiffs' counsel in each of those actions authorized my firm to inform the Court that (1) they support appointment of the Sitrin Group as Lead Plaintiff and Girard Gibbs LLP as Lead Counsel, as set forth in the Court's August 5, 2008 Order, and (2) they will dismiss their actions without prejudice promptly, to allow the auction rate securities class action litigation against Bank of America to proceed only in the Bondar case pending before this Court. /// /// /// /// ///

-2DECLARATION OF AARON M. SHEANIN

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5.

Given the nature of this administrative motion, it was not possible to obtain a stipulation

under Civil L.R.7-11(a) and Civil L.R. 7-12 with respect to the relief sought.

I declare under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed this 7th day of August, 2008 at San Francisco, California.

/s/ Aaron M. Sheanin Aaron M. Sheanin

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CERTIFICATE OF SERVICE I, Aaron M. Sheanin, hereby certify that on August 7, 2008, I caused the foregoing document to be filed electronically with the United States District Court for the Northern District of California's through the Court's mandated ECF service. Counsel of record are required by the Court to be registered

5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 -4/s/ Aaron M. Sheanin I declare under penalty of perjury that the foregoing is true and correct. Executed this 7th day of August, 2008 at San Francisco, California. e-filers, and as such are automatically e-served with a copy of the document(s) upon confirmation of efiling. I also caused the foregoing document to be delivered via first-class mail on: Eileen L. McGeever Rushall & McGeever 6100 Innovation Way Carlsbad, CA 92009 Shawn Khorrami Khorrami Pollard & Abir LLP 444 S. Flower Street, 33rd Floor Los Angeles, CA 90071 Counsel for Plaintiff Bearman Corey D. Sullivan Carey & DAnis, LLC 8235 Forsyth Blvd., Suite 1100 St. Louis, MO 63015 Counsel for Plaintiff Cattell

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EXHIBIT A

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1 2 3 4 5 6 7 FOR THE NORTHERN DISTRICT OF CALIFORNIA 8 9 10 LINDELL VAN DYKE, et al. Plaintiffs, v. WELLS FARGO AND CO., et al. Defendants. / 15 16 17 18 19 20 21 22 23 24 25 26 27 28 On August 6, 2008, this Court issued an Order granting Plaintiffs uncontested Motion for Appointment as Lead Plaintiff and Approving Lead Plaintiffs' Selection of Lead Counsel. Upon review of the parties' stipulation regarding the resetting of deadlines and the case management conference in this action, it has come to the Court's attention that this action is the subject of a pending Motion to Transfer for Coordination before the Judicial Panel on MultiDistrict Litigation with respect to In re Auction Rate Securities Litigation (ARS) Marketing Litigation, MDL No. 1979. "If more than one action on behalf of a class asserting substantially the same claim or claims arising under this chapter has been filed, and any party has sought to consolidate those actions for pretrial purposes or for trial, the court shall not make the determination required by clause (i) until after the decision on the motion to consolidate is rendered." 15 U.S.C. § 78u4(a)(B)(3)(ii) (emphasis added). // No. 08-01962 JSW ORDER VACATING ORDER GRANTING PLAINTIFFS' MOTION FOR APPOINTMENT AS LEAD PLAINTIFF AND APPROVING LEAD PLAINTIFFS' SELECTION OF LEAD COUNSEL IN THE UNITED STATES DISTRICT COURT

United States District Court

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For the Northern District of California

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In light of the pending motion to transfer this matter to the pending MDL proceeding, and given the requirements of 15 U.S.C. § 78u-4(a)(B)(3)(ii), the Court's Order granting Plaintiffs' motion for appointment of lead counsel is VACATED pending a ruling on the motion to transfer or pending a further showing from Plaintiffs that this Court has the authority to rule on their motion before a decision is rendered in the MDL proceedings. IT IS SO ORDERED.

Dated: August 7, 2008 JEFFREY S. WHITE UNITED STATES DISTRICT JUDGE

United States District Court

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EXHIBIT B

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