Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_18-cv-07783/USCOURTS-cand-4_18-cv-07783-0/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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COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING

CASE NOS. 4:18-CV-07669-HSG AND 4:18-CV-07783-HSG 

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COOLEY LLP 

JOHN C. DWYER (136533) (dwyerjc@cooley.com) 

PATRICK E. GIBBS (183174) (pgibbs@cooley.com) 

CLAIRE A. MCCORMACK (241806) (cmccormack@cooley.com) 

BRETT H. DE JARNETTE (292919) (bdejarnette@cooley.com) 

EMILY B. HARRINGTON (319657) (eharrington@cooley.com) 

3175 Hanover Street 

Palo Alto, CA 94304-1130 

Telephone: (650) 843-5000 

Facsimile: (650) 849-7400 

Attorneys for Defendants 

NVIDIA CORPORATION, JENSEN 

HUANG, and COLETTE KRESS

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

IRON WORKERS LOCAL 580 JOINT

FUNDS, on behalf of itself and all others 

similarly situated, 

Plaintiff, 

v. 

NVIDIA CORPORATION, JENSEN 

HUANG, and COLETTE KRESS, 

Defendants. 

Case No. 4:18-cv-07669-HSG 

CLASS ACTION

AMENDED STIPULATION AND ORDER 

TO CONSOLIDATE RELATED CASES, 

EXTEND DEFENDANTS’ TIME TO 

ANSWER OR OTHERWISE RESPOND 

TO THE OPERATIVE COMPLAINT, 

VACATE THE INITIAL CASE 

MANAGEMENT CONFERENCE, AND 

RESET ALL RELATED DEADLINES

[CIVIL L.R. 16-2, 7-12] 

Current CMC: March 26, 2019 

Judge: Hon. Haywood S. Gilliam, Jr. 

Courtroom: 2

MICHAEL OTO, Individually and On 

Behalf of All Others Similarly Situated, 

Plaintiff, 

v. 

NVIDIA CORPORATION, JEN-HSUN 

HUANG, and COLETTE M. KRESS, 

Defendants. 

Related Case No. 4:18-cv-07783-HSG 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 1 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

2. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

CASE NOS. 4:18-CV-07669-HSG AND 4:18-CV-07783-HSG 

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Pursuant to Civil Local Rules 16-2 and 7-12, plaintiffs Iron Workers Local 580 Joint Funds 

and Michael Oto (“Plaintiffs”) and defendants NVIDIA Corporation, Jensen Huang, and Colette Kress 

(“Defendants,” and collective with Plaintiffs, the “Parties), by and through their undersigned counsel, 

hereby stipulate and agree as follows: 

RECITALS 

WHEREAS, on December 21, 2018, Plaintiff Iron Workers Local 580 Joint Funds filed a 

putative class action complaint, captioned Iron Workers Local 580 Joint Funds v. NVIDIA 

Corporation, et al., Case No. 4:18-cv-07669-HSG (the “Iron Workers Action”), against Defendants 

for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange 

Act”); 

WHEREAS, on December 28, 2018, a substantially similar putative class action complaint was 

filed in this District asserting the same or substantially similar claims against Defendants, captioned 

Oto v. NVIDIA Corporation, et al., Case No. 4:18-cv-07783-HSG (the “Oto Action”); 

WHEREAS, on January 18, 2019, plaintiff in the Iron Workers Action filed an administrative 

motion to relate the Oto Action to the Iron Workers Action pursuant to Civil Local Rules 3-12(a) and 

7-11 (ECF No. 11) because these actions involve substantially the same parties, events, and claims, 

and are both class actions brought against the same Defendants under the federal securities laws; 

WHEREAS, on January 23, 2019, the Court entered an Order relating the Oto Action to the 

Iron Workers Action (ECF No. 12); 

WHEREAS, cases pending before the same judge, like the Iron Workers and Oto actions, may 

be consolidated under Federal Rule of Civil Procedure 42 if the actions involve a common question 

of law or fact; 

WHEREAS, under the Private Securities Litigation Reform Act of 1995 (“PSLRA”), if any 

party has sought to consolidate more than one action on behalf of a class asserting substantially the 

same claim or claims, the Court shall not make a determination on the appointment of lead plaintiff 

until after a decision on consolidation is rendered. 15 U.S.C. § 78u-4(a)(3)(B)(ii); 

WHEREAS, both actions are styled as federal securities class actions, alleging claims under 

Sections 10(b) and 20(a) of the Exchange act, on behalf of persons who purchased or otherwise 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 2 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

3. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

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acquired NVIDIA Corporation stock between August 10, 2017 and November 15, 2018, and allege 

that the same statements made on August 10, 2017, September 6, 2017, November 9, 2017, November 

29, 2017, February 8, 2018, February 26, 2018, May 10, 2018, and May 16, 2018 were false and 

misleading when made; 

WHEREAS, to advance the interests of judicial economy and efficiency, prevent duplication, 

and preserve the Court’s and Parties’ resources, the Parties agree that the Iron Workers and Oto 

Actions should be consolidated; 

WHEREAS, under the PSLRA, when a putative class action asserting claims under the federal 

securities laws is filed, a process must be followed whereby the plaintiff gives notice to the putative 

class, there is a sixty (60) day deadline for motion(s) for appointment of lead plaintiff to be filed, and 

the Court appoints lead plaintiff(s) and approves the selection of lead counsel. 15 U.S.C. § 78u-4(a); 

WHEREAS, under the PSLRA, any purported class member desiring to be appointed lead 

plaintiff in the Iron Workers Action and Oto Action was required to file a motion for such appointment 

on or before February 19, 2019. 15 U.S.C. § 78u-4(a)(3);

WHEREAS, on December 26, 2018, this Court issued an Order in the Iron Workers Action, 

scheduling an Initial Case Management Conference for March 26, 2019 along with related Alternative 

Dispute Resolution (“ADR”) deadlines; 

WHEREAS, the Parties anticipate that the actions will be consolidated, a lead plaintiff will be 

appointed, and the lead plaintiff will accordingly file a consolidated complaint; 

WHEREAS, in light of the deadline to file a motion to appoint lead plaintiff and lead counsel, 

and in the interests of judicial economy and preservation of the Court’s and Parties’ resources, the 

Parties agree that Defendants need not answer, move or otherwise respond to the complaints in the 

Iron Workers Action or the Oto Action or any related action, or subsequently filed actions transferred 

to this Court, until a date to be set following the appointment of a lead plaintiff pursuant to 15 U.S.C. 

§78u-4(a)(3)(B) and the filing by such lead plaintiff of a consolidated complaint; 

WHEREAS, the Parties agree that, in light of the upcoming deadline to file a motion to appoint 

lead plaintiff and lead counsel, it would be most efficient to conduct the Initial Case Management 

Conference after appointment of lead plaintiff and lead counsel; and 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 3 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

4. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

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WHEREAS, the Parties further agree that within ten (10) days following the appointment of 

lead plaintiff and lead counsel, lead plaintiff and Defendants will meet and confer and submit a 

schedule for the filing of a consolidated complaint and Defendants’ response thereto. 

STIPULATION 

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED by the Parties hereto, 

through their undersigned counsel, as follows: 

CONSOLIDATION 

1. Pursuant to Federal Rule of Civil Procedure Rule 42(a), the above-captioned actions 

(the “Consolidated Action”) shall be consolidated for all purposes, including, without limitation, 

discovery, pretrial proceedings, and trial. 

2. Every pleading filed in the Consolidated Action shall bear the following caption: 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

In re NVIDIA CORPORATION 

SECURITIES LITIGATION 

____________________________ 

This Document Relates to: 

Case No. 4:18-cv-07669-HSG 

CLASS ACTION 

Judge: Hon. Haywood S. Gilliam, Jr. 

Courtroom: 2 

3. For all actions subsequently filed in, or transferred to this District, that are related to 

the Consolidated Action by the Court, the parties (including the parties to the subsequently filed or 

transferred action) shall meet and confer regarding potential consolidation. If the parties ultimately 

stipulate to consolidation, such action will be consolidated with the Consolidated Action. If the parties 

are unable to agree on consolidation, the parties shall bring the matter to the Court’s attention within 

10 days after the subsequently filed or transferred action is related to the Consolidated Action. 

SCHEDULE 

1. Defendants need not answer, move or otherwise respond to the pending complaints in 

the Iron Workers or Oto Actions or any related action, or subsequently filed actions transferred to this 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 4 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

5. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

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Court until a date to be set following the appointment of a lead plaintiff pursuant to 15 U.S.C. §78u4(a)(3)(B) and the filing by such lead plaintiff of a consolidated complaint in the anticipated 

Consolidated Action. 

2. Within ten (10) days following the appointment of lead plaintiff and lead counsel, lead 

plaintiff and Defendants will meet and confer and submit a schedule for the filing of a consolidated 

complaint and Defendants’ response thereto. 

3. The Initial Case Management Conference in the Iron Workers Action currently 

scheduled for March 26, 2019, along with any associated deadlines under the Federal Rules of Civil 

Procedure and Civil Local Rules (including ADR deadlines), shall be vacated and reset until after 

appointment of lead plaintiff and lead counsel. 

4. The Parties do not seek to reset these dates for the purpose of delay, and the proposed 

new dates will not have an effect on any pre-trial dates as the Court has yet to schedule these dates. 

5. The Parties are not waiving any rights, claims, or defenses of any kind except as 

expressly stated herein, and the Parties reserve the right to seek further extensions of time as 

circumstances may warrant, subject to the Court’s approval. 

IT IS SO STIPULATED, THROUGH COUNSEL OF RECORD.

Dated: February 28, 2019 COOLEY LLP

JOHN C. DWYER (136533) 

PATRICK E. GIBBS (183174) 

CLAIRE A. MCCORMACK (241806) 

BRETT H. DE JARNETTE (292919) 

EMILY B. HARRINGTON (319657) 

 /s/ John C. Dwyer 

John C. Dwyer (136533) 

Attorneys for Defendants 

NVIDIA CORPORATION, JENSEN 

HUANG, and COLETTE KRESS 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 5 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

6. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

CASE NOS. 4:18-CV-07669-HSG AND 4:18-CV-07783-HSG 

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Dated: February 28, 2019 BERNSTEIN LITOWITZ BERGER & 

GROSSMANN LLP 

DAVID R. STICKNEY (188574) 

JONATHAN D. USLANER (256898) 

 /s/ Jonathan D. Uslaner

Jonathan D. Uslaner (256898) 

12481 High Bluff Drive, Suite 300 

San Diego, CA 92130 

Tel: (858) 793-0070 

davids@blbglaw.com 

jonathanu@blbglaw.com 

-AndHannah Ross 

(hannah@blbglaw.com) 

Avi Josefson 

(avi@blbglaw.com) 

1251 Avenue of the Americas 

New York, NY 10020 

Tel: (212) 554-1400 

Attorneys for Plaintiff 

IRON WORKERS LOCAL 580 JOINT FUNDS 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 6 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

7. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

CASE NOS. 4:18-CV-07669-HSG AND 4:18-CV-07783-HSG 

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Dated: February 28, 2019 POMERANTZ LLP 

JENNIFER PAFITI (282790) 

 /s/ Jennifer Pafiti 

Jennifer Pafiti (282790) 

468 North Camden Drive 

Beverly Hills, CA 90210 

Telephone: (818) 532-6499 

jpafiti@pomlaw.com 

POMERANTZ LLP 

Jeremy A. Lieberman 

J. Alexander Hood II 

Jonathan Lindenfeld 

600 Third Avenue, 20th Floor 

New York, New York 10016 

Telephone: (212) 661-1100 

jalieberman@pomlaw.com 

ahood@pomlaw.com 

jlindenfeld@pomlaw.com 

Patrick V. Dahlstrom 

10 South La Salle Street, Suite 3505 

Chicago, Illinois 60603 

Telephone: (312) 377-1181 

pdahlstrom@pomlaw.com 

Attorneys for Plaintiff 

MICHAEL OTO

ATTESTATION OF CONCURRENCE IN FILING 

Pursuant to the United States District Court for the Northern District of California, Civil L. R. 

5-1(i), I, John C. Dwyer, hereby attest that the concurrence to the filing of the foregoing document has 

been obtained from the signatories. 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 7 of 8
COOLEY LLP 

ATTORNEYS AT LAW

PALO ALTO

8. 

AMENDED STIPULATION AND ORDER 

RE CONSOLIDATION AND SCHEDULING 

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Dated: February 28, 2019 COOLEY LLP 

JOHN C. DWYER (136533) 

PATRICK E. GIBBS (183174) 

CLAIRE A. MCCORMACK (241806) 

BRETT H. DE JARNETTE (292919) 

EMILY B. HARRINGTON (319657) 

 /s/ John C. Dwyer 

John C. Dwyer (136533) 

Attorneys for Defendants 

NVIDIA CORPORATION, JENSEN 

HUANG, and COLETTE KRESS 

* * * 

ORDER 

PURSUANT TO STIPULATION, IT IS SO ORDERED. The case captioned Oto v. NVIDIA 

Corporation, et al., Case No. 4:18-cv-07783-HSG is hereby consolidated into the present action. 

The earlier-filed civil action, Case No. 4:18-cv-07669-HSG shall serve as the lead case. The clerk is 

directed to administratively close the later-filed civil action, Case No. 4:18-cv-07783-HSG. All 

future filings should be done in the lead case only and should be captioned "In Re NVIDIA 

CORPORATION SECURITIES LITIGATION." 

DATED: MARCH 4, 2019 

 Hon. Haywood S. Gilliam, Jr. 

 United States District Court Judge 

 

Case 4:18-cv-07783-HSG Document 24 Filed 03/04/19 Page 8 of 8