Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-06384/USCOURTS-cand-3_06-cv-06384-9/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 Extending Date to Answer 

Case No. 06-CV-06384 CRB 

LESLIE J. HUGHES (CO Bar No. 15043) (hugheslj@sec.gov ) 

LEE C. ROBINSON (CO Bar No. 32734) (robinsonlc@sec.gov ) 

Attorneys for Plaintiff 

U.S. Securities and Exchange Commission 

1801 California Street, Suite 1500 

Denver, Colorado 80202-2656 

Telephone: (303) 844-1000 

Fax: (303) 844-1068 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

__________________________________________ 

SECURITIES AND EXCHANGE Case No. 3:06-CV-06384 CRB 

COMMISSION, STIPULATION CONTINUING 

Plaintiff, DATE TO RESPOND TO FIRST 

AMENDED COMPLAINT,

PEREIRA, et al. AND PROPOSED ORDER

Defendants. Courtroom: 8

Judge: Hon. Charles R. Breyer 

__________________________________________ 

Pursuant to Civil Local Rules 6-2 and 7-12, Plaintiff Securities and Exchange 

Commission, and Defendants Romulus Pereira, Robert Stanton, William McFarland, Andrew 

Feldman, L. John Kern, and Lori Cornmesser stipulate that the Defendants may have until 

August 24, 2007 to file answers or other responsive pleadings to the First Amended Complaint. 

As grounds for the request, the parties represent that the Plaintiff and the Defendants, 

except Mr. Kern,1

 participated in mediation with the Honorable Fern Smith on June 8, 2007. 

Defendants Pereira, Stanton, McFarland, and Cornmesser have made verbal offers of settlement, 

which the parties will reduce to writing and submit to the Securities and Exchange Commission 

 

1

 Mr. Kern did not participate in mediation because he had negotiated a tentative settlement 

with the SEC prior to the date of the mediation. 

Case 3:06-cv-06384-CRB Document 78 Filed 06/13/07 Page 1 of 4
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Stipulation Changing Hearing Date on Pereira & Stanton Motion to Dismiss 

Case No. 3:06-CV-06384 CRB 

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for consideration. The process of reviewing the offers takes approximately eight weeks. 

Plaintiff’s counsel is continuing settlement discussions with defendants Feldman and Kern, 

which may result in additional offers of settlement. The defendants’ answers are currently due 

on June 15, 2007. This stipulation seeks a second extension. Granting the extension will save 

the parties legal expenses, and will allow the Commission to consider the defendants’ offers 

before the answers are due. 

Defendants Pereira and Stanton served interrogatories and requests for production of 

documents upon the Plaintiff on May 25, 2007. The SEC’s responses are currently due on June 

27, 2007. The parties have agreed that the SEC’s responses are not due until August 24, 2007. 

The parties respectfully request that the Court grant the request to extend the time to file 

answers or respond to the First Amended Complaint, and for the SEC to respond to the 

Defendants’ discovery requests to August 24, 2007. 

DATED: June 12, 2007 

 Respectfully submitted, 

s/ Leslie J. Hughes_________ 

Leslie J. Hughes, Esq. (Colo. 15043) 

Attorney for Plaintiff 

Securities and Exchange Commission 

1801 California Street, Suite 1500 

Denver, CO 80202-2656 

Telephone (303) 844-1000 

Fax (303) 844-1068 

By: s/_Quyen L. Ta_______ 

Quyen L. 

KEKER & VAN NEST 

710 Sansome Street 

San Francisco, CA 94111-1704 

Telephone: (415) 391-5400 

 Facsimile: (415) 397-7188 

Attorneys for Defendants 

ROMULUS S. PEREIRA 

ROBERT B. STANTON 

Case 3:06-cv-06384-CRB Document 78 Filed 06/13/07 Page 2 of 4
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Stipulation Changing Hearing Date on Pereira & Stanton Motion to Dismiss 

Case No. 3:06-CV-06384 CRB 

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By: s/ David J. Schindler 

 David J. Schindler 

 Robert W. Perrin 

 LATHAM & WATKINS 

 633 West Fifth, Suite 4000 

 Los Angeles, CA 90071-2007 

 Telephone: (213) 485-1234 

 Fax: (213) 891-8763 

 Attorneys for Defendant 

ANDREW FELDMAN 

By: s/ Kara L. Erdodi 

Kara L. Erdodi, Esq. 

BERLINER COHEN 

 FRANK R. UBHAUS (CA Bar No. 46085) 

 KARA L. ERDODI (CA Bar No. 221093) 

Ten Almaden Boulevard, Eleventh Floor 

San Jose, CA 95113-2233 

Telephone: (408) 286-5800 

 Fax: (408) 998-5388 

Attorneys for Defendant 

LORI H. CORNMESSER 

 

By: s/ David Priebe 

David Priebe, Esq. (CA Bar No. 148679) 

David Banie (CA Bar No. 217924) 

 DLA PIPER US LLP 

 2000 University Avenue 

 East Palo Alto, CA 94303-2215 

Telephone: (650) 833-2000 

 Fax: (650) 833-2001 

 Attorneys for Defendant 

 WILLIAM MCFARLAND 

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Stipulation Changing Hearing Date on Pereira & Stanton Motion to Dismiss 

Case No. 3:06-CV-06384 CRB 

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By: s/ Kate Dyer 

Nanci L. Clarence, SBN 122286 

Kate Dyer, SBN 171891 

CLARENCE & Dyer LLP 

 889 Ellis Street 

 San Francisco, CA 94109-7807 

Telephone: (415) 749-1800 

 Fax: (415) 749-1694 

 Attorneys for Defendant 

 L. JOHN KERN 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

________________________________ 

Charles R. Breyer 

United States District Judge 

June 13, 2007

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Charles R. Breyer

Case 3:06-cv-06384-CRB Document 78 Filed 06/13/07 Page 4 of 4