Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_07-cv-02101/USCOURTS-cand-5_07-cv-02101-1/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 28:1441 - Petition for Removal: Securities Fraud

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STIPULATION AND [PROPOSED] ORDER CASE NO.: 5:07-CV-02101-JF-PVT 

CONTINUING INITIAL CASE MANAGEMENT CONFERENCE 

AND OTHER DATES

Sterling A. Brennan (CA State Bar No. 126019; E-mail: sbrennan@wnlaw.com) 

WORKMAN | NYDEGGER A PROFESSIONAL CORPORATION

1000 Eagle Gate Tower 

60 East South Temple 

Salt Lake City, Utah 84111 

Telephone: (801) 533-9800 

Facsimile: (801) 328-1707 

Caroline McIntyre (CA State Bar No. 159005; E-mail: cmcintyre@be-law.com) 

BERGESON, LLP

303 Almaden Boulevard 

Suite 500 

San Jose, California 95110-2712 

Telephone: (408) 291-6200 

Facsimile: (408) 297-6000 

Attorneys for Plaintiff FINISAR CORPORATION

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

Case No. 5:07-CV-02101-JF-PVT 

STIPULATION AND [PROPOSED] 

ORDER CONTINUING INITIAL CASE 

MANAGEMENT CONFERENCE, 

HEARING ON MOTION TO REMAND, 

AND OTHER DATES 

(Declaration of L. Rex Sears submitted 

herewith) 

Date Presently Set: Friday, July 20, 2007

Time Presently Set: 9:00 a.m. / 10:30 a.m.

Courtroom: 3 

District Judge: Hon. Jeremy Fogel 

Magistrate Judge: Hon. Patricia V. Trumbull 

Complaint Filed: March 2, 2007 

Trial Date Set: None Yet 

FINISAR CORPORATION, a Delaware 

corporation, 

Plaintiff, 

v. 

U.S. BANK TRUST NATIONAL 

ASSOCIATION, a national banking 

association, not in its individual capacity, 

but solely in its capacity as Indenture 

Trustee in behalf of all Holders of Finisar 

Corporation’s 51⁄4% Convertible 

Subordinated Notes due 2008, 21⁄2% 

Convertible Senior Subordinated Notes due 

2010, and 21⁄2% Convertible Subordinated 

Notes due 2010; and DOES 1 through 10, 

inclusive, 

Defendants. 

**E-filed 7/5/07** ----------------

Case 5:07-cv-02101-JF Document 24 Filed 07/05/07 Page 1 of 5
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1. 

STIPULATION AND [PROPOSED] ORDER CASE NO.: 5:07-CV-02101-JF-PVT 

CONTINUING INITIAL CASE MANAGEMENT CONFERENCE 

AND OTHER DATES

WHEREAS, plaintiff Finisar Corporation (“Finisar”) commenced the above-captioned 

action (the “Action”) by filing its “Complaint for Declaratory Relief” (the “Complaint”) with the 

Superior Court of the State of California for the County of Santa Clara (the “State Court”) on or 

about March 2, 2007; 

WHEREAS, defendant U.S. Bank Trust National Association (“U.S. Bank”) filed with 

this Court its “Notice of Removal” on April 13, 2007; 

WHEREAS, Finisar filed “Plaintiff Finisar Corporation’s Notice of Motion and Motion to 

Remand Action to Santa Clara County Superior Court” (the “Motion to Remand”) with this Court 

on or about May 14, 2007; 

WHEREAS, Finisar’s Motion to Remand is presently set for hearing on Friday, July 20, 

2007; 

WHEREAS, on June 22, 2007, Finisar commenced in the State Court a separate action for 

declaratory relief against U.S. Bank (the “Second Action”) involving similar matters arising 

subsequent to the filing of the Complaint in this Action, entitled Finisar Corporation v. U.S. Bank 

Trust National Association and assigned Case No. 107CV088503; 

WHEREAS, U.S. Bank is contemplating removal to this Court of the Second Action; 

WHEREAS, if U.S. Bank removes the Second Action to this Court, Finisar, which is of 

the view that the Second Action does not fall within the subject matter jurisdiction of this Court, 

anticipates that it will seek remand of the Second Action to the State Court as well; 

WHEREAS, on April 13, 2007 this Court issued its “Order Setting Initial Case 

Management Conference and ADR Deadlines” (the “Initial Scheduling Order”), setting an initial 

Case Management Conference for Friday, July 20, 2007 and various other deadlines calculated 

therefrom; 

WHEREAS, the parties are engaged in discussions which the parties anticipate may 

permit extra-judicial resolution of the issues presented by the instant Action and the Second 

Action in their entirety; 

Case 5:07-cv-02101-JF Document 24 Filed 07/05/07 Page 2 of 5
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2. 

STIPULATION AND [PROPOSED] ORDER CASE NO.: 5:07-CV-02101-JF-PVT 

CONTINUING INITIAL CASE MANAGEMENT CONFERENCE 

AND OTHER DATES

WHEREAS, U.S. Bank is litigating not in its individual capacity, but rather in its capacity 

as the trustee under certain indentures pursuant to which certain notes were issued by Finisar, 

ownership of which notes is distributed among numerous holders; 

WHEREAS, U.S. Bank requires time to consult with the various noteholders; and 

WHEREAS, the parties desire to defer further briefing and the hearing on the Motion to 

Remand, the initial Case Management Conference, and the other events governed by the Initial 

Scheduling Order, 

NOW THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and between 

the parties and subject to the approval of the Court, that: 

1. The hearing on the Motion to Remand shall be continued to Friday, September 7, 

2007, at 9:00 a.m.; 

2. If the Second Action is removed to this Court, no motion to remand the Second 

Action to the State Court shall be heard prior to disposition of the Motion to 

Remand already pending in the instant Action; 

3. The initial Case Management Conference in the instant Action shall be continued 

to Friday, September 7, 2007, at 10:30 a.m.; and 

[Balance of Page Intentionally Left Blank] 

Case 5:07-cv-02101-JF Document 24 Filed 07/05/07 Page 3 of 5
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3. 

STIPULATION AND [PROPOSED] ORDER CASE NO.: 5:07-CV-02101-JF-PVT 

CONTINUING INITIAL CASE MANAGEMENT CONFERENCE 

AND OTHER DATES

4. All other deadlines set forth in the Initial Scheduling Order shall be continued by 

forty-eight (48) days. 

DATED: June 29, 2007 Sterling A. Brennan 

 WORKMAN NYDEGGER A PROFESSIONAL CORPORATION

 

 Caroline McIntyre 

 BERGESON, LLP

 By /s/ Sterling A. Brennan 

 Sterling A. Brennan 

Attorneys for Plaintiff FINISAR CORPORATION

DATED: June 29, 2007 Michael B. Fisco 

 Abby E. Wilkinson 

 FAEGRE & BENSON LLP 

 By /s/ Abby E. Wilkinson 

 Abby E. Wilkinson 

Attorneys for Defendant 

U.S. BANK TRUST NATIONAL ASSOCIATION 

I attest that concurrence in the filing of the foregoing document has been obtained from 

each of the identified signatories thereof. 

DATED: June 29, 2007 Sterling A. Brennan 

 WORKMAN NYDEGGER A PROFESSIONAL CORPORATION

 

 Caroline McIntyre 

 BERGESON, LLP

 By /s/ Sterling A. Brennan 

 Sterling A. Brennan 

Attorneys for Plaintiff FINISAR CORPORATION

ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: __________________ 

 _____________________________________ 

 Hon. Jeremy Fogel 

 United States District Judge 

7/3/07

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4. 

STIPULATION AND [PROPOSED] ORDER CASE NO.: 5:07-CV-02101-JF-PVT 

CONTINUING INITIAL CASE MANAGEMENT CONFERENCE 

AND OTHER DATES

CERTIFICATE OF SERVICE

I hereby certify that on June 29, 2007, I electronically filed the foregoing with the Clerk of 

the Court using the CM/ECF system which will send notification of such filing to the following: 

D. Anthony Rodriguez, drodriguez@mofo.com; Abby E. Wilkinson, awilkinson@faegre.com; 

Eva Krisztina Schueller, eschueller@mofo.com; Michael B. Fisco, mfisco@faegre.com; Paul T. 

Friedman, pfriedman@mofo.com. 

 WORKMAN NYDEGGER 

/s/ Sterling A. Brennan 

STERLING A. BRENNAN 

WORKMAN NYDEGGER 

1000 Eagle Gate Tower 

60 East South Temple 

Salt Lake City, UT 84111 

 Telephone: (801) 533-9800

Case 5:07-cv-02101-JF Document 24 Filed 07/05/07 Page 5 of 5