Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_09-cv-05731/USCOURTS-cand-3_09-cv-05731-4/pdf.json

Nature of Suit Code: 160
Nature of Suit: Stockholder's Suits
Cause of Action: 28:1332 Diversity-Stockholders Suits

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STIPULATION AND [PROPOSED] ORDER REGARDING EXTENSION OF TIME FOR LEAD PLAINTIFFS 

TO FILE A CONSOLIDATED COMPLAINT

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JOHNSON BOTTINI, LLP

FRANK J. JOHNSON (174882)

frankj@johnsonbottini.com

FRANCIS A. BOTTINI, JR. (175783)

frankb@johnsonbottini.com

BRETT M. WEAVER (204715)

brettw@johnsonbottini.com

501 West Broadway, Suite 1720

San Diego, CA 92101

Telephone: (619) 230-0063

Facsimile: (619) 238-0622

ROBBINS UMEDA LLP

MARC M. UMEDA (197847)

mumeda@robbinsumeda.com

GEORGE C. AGUILAR (126535)

gaguilar@robbinsumeda.com

ASHLEY R. PALMER (246602)

apalmer@robbinsumeda.com

ARSHAN AMIRI (246874)

aamiri@robbinsumeda.com

600 B Street, Suite 1900

San Diego, CA 92101

Telephone: (619) 525-3990

Facsimile: (619) 525-3991

Co-Lead Counsel for Plaintiffs

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IN RE SUNPOWER CORPORATION

SHAREHOLDER DERIVATIVE 

LITIGATION 

This Document Relates To:

All Actions

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Case No. C 09-05731-RS

Honorable Richard Seeborg

STIPULATION AND [PROPOSED] 

ORDER REGARDING EXTENSION OF 

TIME FOR LEAD PLAINTIFFS TO FILE 

A CONSOLIDATED COMPLAINT

Case 3:09-cv-05731-RS Document 36 Filed 06/29/10 Page 1 of 4
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STIPULATION AND [PROPOSED] ORDER REGARDING EXTENSION OF TIME FOR LEAD PLAINTIFFS 

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WHEREAS, on November 16, 2009, SunPower Corporation (“SunPower”) issued a press 

release announcing an internal investigation by its audit committee;

WHEREAS, shortly after the announcement, David Clarke and Richard Logan separately 

commenced derivative actions against SunPower’s officers and directors, alleging, among other 

things, breaches of fiduciary duties arising from alleged mismanagement and improper accounting 

practices;

WHEREAS, by order dated January 4, 2010, this Court approved the parties’ stipulation to 

(a) consolidate the related derivative actions; and (b) appoint Clarke and Logan as Lead Plaintiffs 

and their respective counsel as Co-Lead Counsel;

WHEREAS, by order dated April 12, 2010, the Court approved the parties’ stipulation 

setting June 28, 2010 as the deadline for Lead Plaintiffs to file a consolidated complaint;

WHEREAS, by letter dated February 1, 2010 (“Inspection Demand”), Clarke demanded 

inspection of SunPower’s books and records relating to, among other things, the accounting practices 

at SunPower that led SunPower to restate its financial results and underlie the allegations in the 

derivative actions filed by Logan and Clarke; 

WHEREAS, Clarke filed a verified petition for a writ of mandate against SunPower under 

the California Corporations Code in the Superior Court of the State of California, County of Santa 

Clara (“California State Court”), on May 26, 2010, seeking to compel SunPower to comply with his 

Inspection Demand (“Petition”);

WHEREAS, in response to Clarke’s Petition, SunPower intends to file a demurer on or 

before July 9, 2010; and

WHEREAS, the Lead Plaintiffs have requested an extension of time to file a consolidated 

complaint until after the California State Court resolves, Clarke’s Petition and SunPower has no 

objection to that request.

NOW THEREFORE, IT IS STIPULATED AND AGREED by all parties, through their 

respective counsel of record, as follows:

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STIPULATION AND [PROPOSED] ORDER REGARDING EXTENSION OF TIME FOR LEAD PLAINTIFFS 

TO FILE A CONSOLIDATED COMPLAINT

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1. In the event that Clarke’s Petition is denied in its entirety, Lead Plaintiffs shall file a 

consolidated complaint within 30 days of the entry of the order denying the Petition;

2. In the event that Clarke’s Petition is granted in whole or in part, all counsel of record 

shall meet and confer in good faith, within five days of the entry of the order compelling production 

of documents, to set a new deadline for Lead Plaintiffs to file a consolidated complaint; and

3. Within five days of completing their efforts to meet and confer, the parties shall 

submit to the Court for approval a revised deadline for Lead Plaintiffs to file a consolidated 

complaint.

DATED: June 28, 2010 JOHNSON BOTTINI, LLP

FRANK J. JOHNSON

FRANCIS A. BOTTINI, JR.

BRETT M. WEAVER

s/ Francis A. Bottini, Jr.

FRANCIS A. BOTTINI, JR.

501 West Broadway, Suite 1720

San Diego, CA 92101

Telephone: (619) 230-0063

Facsimile: (619) 238-0622

Co-Lead Counsel for Plaintiffs

DATED: June 28, 2010 ROBBINS UMEDA LLP

MARC M. UMEDA 

GEORGE C. AGUILAR

ASHLEY R. PALMER

ARSHAN AMIRI 

s/ Marc M. Umeda

MARC M. UMEDA

600 B Street, Suite 1900

San Diego, CA 92101

Telephone: (619) 525-3990

Facsimile: (619) 525-3991

Co-Lead Counsel for Plaintiffs

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STIPULATION AND [PROPOSED] ORDER REGARDING EXTENSION OF TIME FOR LEAD PLAINTIFFS 

TO FILE A CONSOLIDATED COMPLAINT

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DATED: June 28, 2010 MORRISON & FOERSTER LLP

JORDAN ETH

JUDSON E. LOBDELL

s/ Jordan Eth

JORDAN ETH

425 Market Street

San Francisco, CA 94105-2482

Telephone: (415) 268-7000

Facsimile: (415) 268-7522

Counsel for Defendants

CERTIFICATION UNDER GENERAL ORDER NO. 45

I, Francis A. Bottini, Jr., am the ECF User whose ID and password are being used to file this 

Stipulation and [Proposed] Order Regarding Extension of Time for Lead Plaintiffs to File a

Consolidated Complaint. In compliance with General Order No. 45, X.B., I attest that Marc M. 

Umeda and Jordan Eth have concurred in this filing.

DATED: June 28, 2010

s/ Francis A. Bottini, Jr.

FRANCIS A. BOTTINI, JR.

* * *

[PROPOSED] ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED.

DATED: ___________, 2010

RICHARD SEEBORG

UNITED STATES DISTRICT JUDGE

June 29

Case 3:09-cv-05731-RS Document 36 Filed 06/29/10 Page 4 of 4