Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-02743/USCOURTS-cand-4_14-cv-02743-11/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 SUSPENDING 

DEADLINES AS TO DEFENDANT RANJAN MENDONSA

CASE NO. C-3:14-CV-02743-HSG

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MORGAN, LEWIS & BOCKIUS LLP

CHARLENE S. SHIMADA (SBN 91407)

charlene.shimada@morganlewis.com

LUCY WANG (SBN 257771)

lucy.wang@morganlewis.com

One Market, Spear Street Tower

San Francisco, CA 94105

Telephone: 415.442.1000

Facsimile: 415.442.1001

Counsel for Defendant Ranjan Mendonsa

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

v.

SALEEM KHAN, ET AL.,

Defendants.

Case No. 3:14-CV-02743-HSG

STIPULATION AND ORDER 

SUSPENDING DEADLINES AS TO 

DEFENDANT RANJAN MENDONSA 

Case 4:14-cv-02743-HSG Document 92 Filed 06/30/15 Page 1 of 6
STIPULATION AND PROPOSED ORDER SUSPENDING 

DEADLINES AS TO DEFENDANT RANJAN MENDONSA

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Plaintiff Securities and Exchange Commission (“Commission” or “SEC”) and Defendant 

Ranjan Mendonsa hereby submit the following Stipulation and Proposed Order, and request that the 

Court suspend upcoming deadlines as to Defendant Mendonsa, as follows:

WHEREAS, counsel for the Commission and counsel for Defendant Mendonsa have been 

working for months to determine whether a settlement of the Commission’s case as to Defendant 

Mendonsa could be reached;

WHEREAS, following a settlement conference before Magistrate Judge Ryu on May 26,

2015, counsel for the Commission and counsel for Defendant Mendonsa arrived at a proposed 

settlement, subject to one contingency (Dkt. No. 80); 

WHEREAS, pursuant to Magistrate Judge Ryu’s order of May 27, 2015 (Dkt. No. 80), on 

June 24, 2015, Defendant Mendonsa reported satisfactorily to Judge Ryu regarding that contingency;

WHEREAS, the Commission’s counsel expects to recommend the proposed settlement to the 

Commission for consideration and approval or disapproval;

WHEREAS, the process for obtaining Commission consideration and approval requires a 

formal presentation of an offer to the Commissioners who sit in Washington, D.C., and given the 

press of their business, the process typically takes approximately eight weeks to complete;

WHEREAS, in anticipation of settlement, counsel for the Commission and counsel for 

Defendant Mendonsa previously stipulated to extend the time for Defendant Mendonsa to answer the 

Complaint to September 8, 2015 (Dkt. No. 82);

WHEREAS, Defendant Mendonsa will lose much of the value of making a settlement offer if 

he is nevertheless required to participate in the upcoming events;

ACCORDINGLY, it is HEREBY STIPULATED by and between the undersigned parties that 

Defendant Mendonsa should be relieved of the obligation to meet all deadlines in this case until 

September 8, 2015. If, before September 8, 2015, the Commission has considered and either 

approved or rejected the settlement offer, the Commission and Defendant Mendonsa will so inform 

the Court immediately.

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STIPULATION AND PROPOSED ORDER SUSPENDING 

DEADLINES AS TO DEFENDANT RANJAN MENDONSA

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IT IS SO STIPULATED.

DATED: June 25, 2015 /s/ Charlene S. Shimada

MORGAN, LEWIS & BOCKIUS LLP

Charlene S. Shimada (SBN 91407)

One Market, Spear Street Tower

San Francisco, CA 94105

Telephone: 415-442-1000

Counsel for Defendant Ranjan Mendonsa

DATED: June 25, 2015 /s/ E. Barrett Atwood

SECURITIES AND EXCHANGE 

COMMISSION

Susan F. LaMarca (SBN 215231)

Victor W. Hong (SBN 165938)

E. Barrett Atwood (SBN 291181)

44 Montgomery Street, Suite 2800

San Francisco, CA 94104

Telephone: 415-705-2500

Case 4:14-cv-02743-HSG Document 92 Filed 06/30/15 Page 3 of 6
STIPULATION AND PROPOSED ORDER SUSPENDING 

DEADLINES AS TO DEFENDANT RANJAN MENDONSA

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ORDER

Good cause appearing from the above Stipulation, the requested suspension of all deadlines to 

September 8, 2015 as to Defendant Ranjan Mendonsa is hereby GRANTED. IT IS HEREBY 

ORDERED THAT the Plaintiff Securities and Exchange Commission and Defendant Mendonsa will 

report to the Court no later than September 8, 2015 to inform the Court whether a settlement between 

them has been approved by both parties.

IT IS SO ORDERED.

Dated: June 30, 2015

Haywood S. Gilliam, Jr.

UNITED STATES DISTRICT JUDGE

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ATTESTATION

I, Charlene S. Shimada, am the ECF User whose identification and password are being used 

to file the Stipulation. I hereby attest that each of the above parties or their representatives concurs in 

this filing.

Dated: June 25, 2015 /s/ Charlene S. Shimada

Charlene S. Shimada

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STIPULATION AND PROPOSED ORDER SUSPENDING 

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CERTIFICATE OF SERVICE

I, Mathew Djavaherian, am a citizen of the United States, over 18 years of age and not a party 

to this action. On June 25, 2015, I served the following documents:

· STIPULATION AND PROPOSED ORDER SUSPENDING DEADLINES AS 

TO DEFENDANT RANJAN MENDONSA

via US MAIL, to the following:

Roshanlal Chaganlal

2183 Forino Drive

Dublin, CA 94568

the following defendants were served via the Court’s CM/ECF system:

Susan F. LaMarca, Esq. 

Victor W. Hong, Esq.

E. Barrett Atwood, Esq.

Securities and Exchange Commission 

44 Montgomery Street, Suite 2800 

San Francisco, CA 94104 

Attorneys for Plaintiff Securities and Exchange Commission 

Christopher Cannon, Esq.

Sugarman & Cannon

180 Montgomery Street, Suite 2350

San Francisco, CA 94104

Attorney for Defendant Saleem Khan

William Hugo Kimball 

Law Office of William H. Kimball 

803 Hearst Avenue 

Berkeley, CA 94710 

Attorney for Defendant Ammar Akbari

I declare under penalty of perjury that the statements made above are true and correct. 

Executed in San Francisco, California, on June 25, 2015.

 /s/ Mathew Djavaherian

 Mathew Djavaherian

Case 4:14-cv-02743-HSG Document 92 Filed 06/30/15 Page 6 of 6