Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-04717/USCOURTS-cand-3_14-cv-04717-4/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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 STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

COOLEY LLP 

TOWER C. SNOW, JR. (58342) 

(tsnow@cooley.com) 

101 California Street, 5th Floor 

San Francisco, CA 94111-5800 

Telephone: (415) 693-2000 

Facsimile: (415) 693-2222 

JOHN C. DWYER (136533) 

(dwyerjc@cooley.com) 

JESSICA VALENZUELA SANTAMARIA (220934) 

(jsantamaria@cooley.com) 

ADAM C. TRIGG (261498) 

(atrigg@cooley.com) 

Five Palo Alto Square 

3000 El Camino Real 

Palo Alto, CA 94306-2155 

Telephone: (650) 843-5000 

Facsimile: (650) 849-7400 

JOSEPH B. WOODRING (272940) 

(jwoodring@cooley.com) 

1333 2nd Street, Suite 400 

Santa Monica, CA 90401 

Telephone: (310) 883-6400 

Facsimile: (310) 849-6500 

Attorneys for Defendants 

H. Ravi Brar, Susie Herrmann, and Murray Jones 

[Additional Counsel on Signature Page] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SPECIAL SITUATIONS FUND III QP, 

L.P., SPECIAL SITUATIONS CAYMAN 

FUND, L.P., WOLVERINE FLAGSHIP 

FUND TRADING LIMITED, PINE RIVER 

MASTER FUND Ltd. and NISSWA 

ACQUISITION MASTER FUND Ltd., 

Plaintiffs, 

v. 

H. RAVI BRAR, SUSIE HERRMANN and 

MURRAY JONES 

Defendants. 

Case No. 3:14-CV-04717-SC 

NOTICE OF SETTLEMENT AND 

STIPULATION AND [PROPOSED] ORDER 

REGARDING RESPONSE TO AMENDED 

COMPLAINT

Judge: Hon. Samuel Conti 

 

Case 3:14-cv-04717-SC Document 43 Filed 09/04/15 Page 1 of 4
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 1. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

WHEREAS, on October 23, 2014, Plaintiffs Special Situations Fund III QP, L.P. (“SSF 

III”), Special Situations Cayman Fund, L.P. (“SSF Cayman” and, with SSF III, “SSF”) and 

Wolverine Flagship Fund Trading Limited (“Wolverine”) filed a complaint in the above 

captioned action (the “Complaint”) (Dkt. 1); 

WHEREAS, on December 12, 2014, Defendants H. Ravi Brar, Susie Herrmann, and 

Murray Jones (collectively, “Defendants”) filed a motion to dismiss the Complaint (Dkt. 18), 

which the parties fully briefed; 

WHEREAS, on March 26, 2015, the Court issued an Order granting in part and denying 

in part Defendants’ Motion to Dismiss, and allowing SSF and Wolverine to file an amended 

complaint (the “Order” (Dkt. 29)); 

WHEREAS, on July 22, 2015, Wolverine and SSF, along with Pine River Master Fund 

Ltd. (“Pine River”) and Nisswa Acquisition Master Fund (“Nisswa”) filed a First Amended 

Complaint (Dkt. 34) (Pine River, Nisswa, SSF, and Wolverine are collectively referred to herein 

as “Plaintiffs”); 

WHEREAS, on July 7, 2015, the Court issued an Order granting a stipulation setting the 

deadline for Defendants to file and serve their response to Plaintiffs’ amended complaint no later 

than September 4, 2015 (Dkt. 33); 

WHEREAS, the parties have settled the above captioned matter and have executed a 

settlement agreement, which contemplates that Plaintiffs will fully and finally dismiss this action 

with prejudice no later than September 28, 2015; 

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED among the Parties, 

through their respective counsel, as follows: 

1. In light of the parties’ settlement, Defendants need not presently respond to 

Plaintiffs’ amended complaint (Dkt. 33). 

2. The Court shall set a Case Management Conference for October 23, 2015, or such 

date as is convenient for the Court, in the event a dismissal is not filed in advance of that date as 

contemplated under the parties’ settlement agreement. 

Case 3:14-cv-04717-SC Document 43 Filed 09/04/15 Page 2 of 4
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 2. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

Respectfully submitted, 

IT IS SO STIPULATED. 

Dated: September 3, 2015 COOLEY LLP 

TOWER C. SNOW (58342) 

JOHN C. DWYER (136533) 

JESSICA VALENZUELA SANTAMARIA (220934) 

ADAM C. TRIGG (261498) 

JOSEPH B. WOODRING (272940) 

 /s/ Joseph B. Woodring 

Joseph B. Woodring (272940) 

Attorneys for Defendants 

H. Ravi Brar, Susie Herrmann, and Murray Jones 

Dated: September 3, 2015 LOWENSTEIN SANDLER LLP 

MICHAEL J. McGAUGHEY (198617) 

STEVEN M. HECHT (appearance pro hac vice) 

 /s/ Steven M. Hecht

Steven M. Hecht (appearance pro hac vice) 

1251 Avenue of the Americas 

New York, NY 10020 

Telephone: 646-414-6902 

Fax: 973-597-2381 

E-mail: shecht@lowenstein.com 

Attorneys for Plaintiffs 

Special Situations Fund III QP, L.P., Special Situations 

Cayman Fund, L.P., Wolverine Flagship Fund Trading 

Limited, Pine River Master Fund Ltd., and Nisswa 

Acquisition Master Fund 

Case 3:14-cv-04717-SC Document 43 Filed 09/04/15 Page 3 of 4
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 STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

ORDER 

Pursuant to the stipulation of the parties, and light of the parties’ settlement, Defendants 

need not presently respond to Plaintiffs’ amended complaint (Dkt. 33). The Court sets a Case 

Management Conference for October 23, 2015, or such date as is convenient for the Court, in the 

event a dismissal is not filed in advance of that date as contemplated under the parties’ settlement 

agreement. 

IT IS SO ORDERED. 

Dated: __________, 2015 

THE HONORABLE SAMUEL CONTI 

UNITED STATES DISTRICT JUDGE 

120876365 v2 

09/04

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

Judge Samuel Conti

Case 3:14-cv-04717-SC Document 43 Filed 09/04/15 Page 4 of 4