Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-07173/USCOURTS-cand-3_16-cv-07173-0/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 TO DISMISS

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David E. Bower

MONTEVERDE & ASSOCIATES PC

600 Corporate Pointe, Suite 1170

Culver City, CA 90230

Tel: (213) 446-6652

Fax: (212) 601-2610

Counsel for Plaintiff 

UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

MEL GROSS, Individually and on Behalf of 

All Others Similarly Situated, 

Plaintiff,

v.

BROCADE COMMUNICATIONS 

SYSTEMS, INC., LLOYD A. CARNEY, 

JUDY BRUNER, RENATO A. 

DIPENTIMA, ALAN L. EARHART, JOHN 

W. GERDELMAN, KIM C. GOODMAN, 

DAVID L. HOUSE, L. WILLIAM 

KRAUSE, DAVID E. ROBERSON, and 

SANJAY VASWANI,

Defendants.

Civil Action No. 5:16-cv-07173-EMC

 

STIPULATION AND [PROPOSED] ORDER CONCERNING PLAINTIFF’S 

VOLUNTARY DISMISSAL OF THE ABOVE ACTION WITHOUT PREJUDICE AND 

PLAINTIFF’S COUNSEL’S ANTICIPATED APPLICATION FOR AN AWARD OF 

ATTORNEYS’ FEES AND EXPENSES

WHEREAS, on November 2, 2016, Brocade Communications Systems, Inc. (“Brocade” 

or the “Company”) announced that it had entered into a definitive merger agreement (the 

“Merger Agreement”), pursuant to which a wholly owned subsidiary of Broadcom will merge 

with and into Brocade (the “Proposed Transaction”);

Case 3:16-cv-07173-EMC Document 15 Filed 02/15/17 Page 1 of 4
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STIPULATION TO DISMISS

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WHEREAS, on December 6, 2016, Brocade filed a preliminary proxy statement (the 

“Preliminary Proxy”) with the Securities and Exchange Commission (“SEC”) in support of the 

Proposed Transaction;

WHEREAS, on December 14, 2016, Plaintiff Melvin Gross (“Plaintiff”), a shareholder of 

Brocade, filed a Class Action Complaint in the above captioned action (the “Action”) alleging 

Defendants violated Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 and Rule 

14a-9 promulgated thereunder (the "Exchange Act'') by causing the allegedly materially 

incomplete and misleading Proxy to be filed; 

WHEREAS, on December 20, 2016, Brocade filed a definitive proxy statement (the 

“Definitive Proxy”) with the SEC setting a shareholder meeting on January 26, 2017;

WHEREAS, on December 23, 2016, Plaintiff sent a formal demand letter to Defendants 

stating that the Definitive Proxy had failed to address his alleged disclosure violations and 

providing legal authority in support of the alleged disclosure violations in his Class Action 

Complaint; 

WHEREAS, on January 18, 2017, Brocade filed an amended proxy containing 

supplemental disclosures addressing certain disclosure allegations in the Action (the 

“Supplemental Disclosures”);

WHEREAS, Plaintiff contends that the prosecution of the Action was a cause of the 

decision to make the Supplemental Disclosures, and Defendants dispute that contention;

WHEREAS, the Supplemental Disclosures moot the disclosure claims asserted in the 

Action;

NOW THEREFORE, pursuant to the stipulations of the parties, IT IS HEREBY 

ORDERED AND ADJUDGED THAT:

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1. Plaintiff hereby agrees to voluntarily dismiss the Action, without prejudice 

to Plaintiff;

3. Plaintiff contends that the Supplemental Disclosures were issued by 

Defendants in response to this Action and the efforts of Plaintiff’s counsel 

to prosecute disclosure claims, and Plaintiff therefore asserts that his 

counsel is entitled to a fee and expense award;

4. Defendants dispute Plaintiff’s contention and deny that Plaintiff’s counsel 

are entitled to a fee and expense award; and

5. This Court retains continuing jurisdiction over the parties in the Action 

solely for purposes of further proceedings related to the adjudication of 

Plaintiff’s anticipated application for an award of attorneys’ fees and 

expenses.

DATED: February 6, 2017

OF COUNSEL

MONTEVERDE & ASSOCIATES PC

Juan E. Monteverde

The Empire State Building

350 Fifth Avenue, 59th Floor

New York, NY 10118

Tel: (212) 971-1341

E-mail: jmonteverde@monteverdelaw.com

Respectfully submitted,

By:/s/ David E. Bower

David E. Bower SBN 119546

MONTEVERDE & ASSOCIATES PC

600 Corporate Pointe, Suite 1170

Culver City, CA 90230

Tel: (310) 446-6652

Fax: (212) 601-2610

Email: dbower@monteverdelaw.com

Counsel for Plaintiff

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GAINEY McKENNA & EGLESTON

Thomas J. McKenna

Gregory M. Egleston

440 Park Avenue South, 5th Floor

New York, NY 10016

Telephone: (212) 983-1300

Facsimile: (212) 983-0383

Email: tjmckenna@gme-law.com

Email: gegleston@gme-law.com

Counsel for Plaintiff

WILSON SONSINI GOODRICH & 

ROSATI

Professional Corporation

By: /s/ Boris Feldman

Boris Feldman

650 Page Mill Road

Palo Alto, CA 94304

Telephone: (650) 493-9300

Facsimile: (650) 493-6811

boris.feldman@wsgr.com

Attorneys for Defendants Brocade

Communications Systems, Inc., Lloyd A. 

Carney, Judy Bruner, Renato A. DiPentima, 

Alan L. Earhart, John W. Gerdelman, Kim 

C. Goodman, David L. House, L. William 

Krause, David E. Roberson, and Sanjay 

Vaswani

IT IS SO ORDERED.

________________________________

United States District Court Judge

Because this case has been related to an earlier-filed case (C-16-7081 EMC) as well as 

several other cases, the Court expects Plaintiff in the instant case to meet and confer 

with plaintiffs' counsel in the other cases as to the appropriate timing of any fee 

motion.

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

AS MODIFIED

Judge Edward M. Chen

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