Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_15-cv-00265/USCOURTS-cand-3_15-cv-00265-13/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 12:22 Securities Fraud

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1 DAVID M. FURBUSH (SBN 83447)

david.furbush@pillsburylaw.com

2 JAMES M. LINDFELT (SBN 275352)

james.lindfelt@pillsburylaw.com 3 PILLSBURY WINTHROP SHAW PITTMAN LLP

4 2550 Hanover Street

Palo Alto, CA 94304-1115

5 Telephone: 650.233.4500

Facsimile: 650.233.4545

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Attorneys for Energy Recovery, Inc.,

7 Thomas S. Rooney, and Audrey Bold

8 UNITED STATES DISTRICT COURT

9 NORTHERN DISTRICT OF CALIFORNIA

10 SAN FRANCISCO DIVISION

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12 Case No. 3:15-cv-00265-EMC

13 IN RE ENERGY RECOVERY, INC.

SECURITIES LITIGATION

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CLASS ACTION

STIPULATION AND ORDER TO 

CONTINUE CASE MANAGEMENT 

CONFERENCE

Hon. Edward M. Chen

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Case No. 3:15-cv-00265-EMC

Stipulation and Order to Continue Case

Management Conference

4843-7282-5152.v1

Case 3:15-cv-00265-EMC Document 125 Filed 01/23/17 Page 1 of 4
1 STIPULATION

2 The parties to this action, by and through their respective counsel, stipulate and agree as

3 follows:

4 WHEREAS, this case is a putative class action brought under the Securities Exchange

5 Act of 1934 (the “Exchange Act”);

6 WHEREAS, section 21D(b)(3)(B) of the Exchange Act, 15 U.S.C. section 78u7 4(b)(3)(B), provides for a mandatory and automatic stay of all discovery and other proceedings

8 during the pendency of any motion to dismiss brought in this matter;

9 WHEREAS, on May 26, 2016, Lead Plaintiff Henry Low (“Plaintiff”) filed the Second

10 Amended Class Action Consolidated Complaint for Violation of the Federal Securities Laws (the

11 “Complaint”) (ECF No. 99);

12 WHEREAS, on June 13, 2016, Defendants Energy Recovery, Inc., Thomas Rooney, and

13 Audrey Bold (collectively, “Defendants”) filed a motion to dismiss the Complaint (ECF No.

14 100);

15 WHEREAS, following briefing on Defendants’ motion to dismiss, the Court held a

16 hearing on July 21, 2016;

17 WHEREAS, on August 5, 2016, the Court agreed to reserve decision on the motion to

18 dismiss while the parties took part in private mediation;

19 WHEREAS, the parties conducted mediation on Wednesday, October 12th and reached

20 an agreement in principle to settle the action, subject to negotiation of certain details;

21 WHEREAS, the parties have entered into a memorandum of understanding with regards

22 to the settlement, have exchanged drafts of the settlement agreement and will soon be submitting

23 to this court a stipulation of settlement and proposed notice to the class; and

24 WHEREAS, the parties therefore respectfully request that the Court continue the Case

25 Management Conference for thirty days so that the parties may attempt to finalize the language

26 of the settlement agreement and notice to the class.

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Case No. 3:15-cv-00265-EMC

Stipulation and Order to Continue Case

Management Conference

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Case 3:15-cv-00265-EMC Document 125 Filed 01/23/17 Page 2 of 4
1 NOW, THEREFORE, THE PARTIES HEREBY STIPULATE AND AGREE,

2 subject to the Court’s approval, that the Case Management Conference, currently set for January

3 26, 2017 be continued for thirty days.

4 IT IS SO STIPULATED.

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Dated: January 19, 2017 PILLSBURY WINTHROP SHAW

6 PITTMAN LLP

DAVID M. FURBUSH

7 JAMES M. LINDFELT

2550 Hanover Street

8 Palo Alto, CA 94304-1115

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/s/ David M. Furbush 

10 By: David M. Furbush

11 Attorneys for Defendants Energy Recovery,

12 Inc., Thomas S. Rooney, Jr., and Audrey

Bold

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Dated: January 19, 2017 NICHOLAS I. PORRITT

14 ADAM M. APTON

1101 30th Street N.W., Suite 115

15 Washington, D.C., 20007

Tel: (202) 524-4290

16 Fax: (202) 333-2121

17 /s/ Adam M. Apton

By: Adam M. Apton 18

19 PUNZALAN LAW, P.C.

MARK PUNZALAN

20 600 Allerton St., Suite 201

Redwood City, CA 94063

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Attorneys for Lead Plaintiff Henry Low and

22 Lead Counsel for Class

23 CIVIL LOCAL RULE 5-1 ATTESTATION

24 In accordance with Civil Local Rule 5-1(i)(3), I hereby attest that the other signatories

25 concurred in this filing.

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Dated: January 19, 2017 /s/ James M. Lindfelt 27 By: JAMES M. LINDFELT

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Stipulation and Order to Continue Case

Case No. 3:15-cv-00265-EMC Management Conference

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Case 3:15-cv-00265-EMC Document 125 Filed 01/23/17 Page 3 of 4
1 ORDER

2 Upon review of the parties’ Stipulation to Continue the Case Management Conference,

3 and good cause appearing therefore,

4 IT IS HEREBY ORDERED AS FOLLOWS:

5 1. The Case Management Conference currently set for January 26, 2017 shall be

6 continued to March 2, 2017 at 10:30 a.m. Case Management Statement due February 23, 2017.

7 IT IS SO ORDERED.

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10 DATED: January 20, 2017

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Case No. 3:15-cv-00265-EMC

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HON. EDWARD M. CHEN

UNITED STATES DISTRICT JUDGE

Stipulation and [Proposed] Order to Continue Case

Management Conference

4843-7282-5152.v1

Case 3:15-cv-00265-EMC Document 125 Filed 01/23/17 Page 4 of 4