Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-02743/USCOURTS-cand-4_14-cv-02743-9/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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JINA L. CHOI (N.Y. Bar No. 2699718)

SUSAN F. LaMARCA (Cal. Bar No. 215231)

 lamarcas@sec.gov

E. BARRETT ATWOOD (Cal. Bar No. 291181)

 atwoode@sec.gov

VICTOR HONG (Cal. Bar No. 165938) hongv@sec.gov

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

44 Montgomery Street, Suite 2800

San Francisco, California 94104

Telephone: (415) 705-2500

Facsimile: (415) 705-2501

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

v.

SALEEM KHAN, et al.,

 Defendants,

Case No. 3:14-CV-02743-HSG (DMR)

STIPULATION AND ORDER 

SUSPENDING DEADLINES AS TO 

DEFENDANT AKBARI 

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

Case 4:14-cv-02743-HSG Document 84 Filed 06/09/15 Page 1 of 6
STIPULATION AND PROPOSED ORDER 1 CASE NO. C-3:14-CV-02743-HSG

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Plaintiff Securities and Exchange Commission (“Commission” or “SEC”) and defendant 

Ammar Akbari hereby submit the following Stipulation and Proposed Order, and request that the 

Court continue the suspension of deadlines as to Akbari, as follows:

WHEREAS, pursuant to the request by the SEC and Defendant Akbari, the Court entered the 

stipulated Proposed Order on March 2, 2015, suspending deadlines as to Defendant Akbari for 90 

days. The stipulation was based upon the estimated time needed for submission to the Commission 

of the terms of a settlement offer, for its approval or rejection;

WHEREAS counsel for the SEC underestimated the amount of time that would be required to 

present the matter to the Commission for approval or rejection, and now estimates that a further six 

weeks will be required before the matter can be considered; 

WHEREAS defendant Akbari will lose much of the value of making a settlement offer if he is 

nevertheless required to answer the complaint or to participate in the upcoming events, including the 

Case Management Conference scheduled for June 23, 2015, and the filing of the joint CMC 

Statement no later than June 16, 2015; 

ACCORDINGLY, it is HEREBY STIPULATED by and between the undersigned parties that 

Defendant Akbari should be relieved of the obligation to meet deadlines in this case for a period of 

90 days from the date of the filing of this Stipulation. If, within the 90 days, the Commission has 

considered and either approved or rejected the settlement offer, the SEC and Defendant Akbari will 

so inform the Court immediately.

Case 4:14-cv-02743-HSG Document 84 Filed 06/09/15 Page 2 of 6
STIPULATION AND PROPOSED ORDER 2 CASE NO. C-3:14-CV-02743-HSG

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IT IS SO STIPULATED: 

DATED: June 8, 2015 /s/ Susan F. LaMarca

Susan F. LaMarca, Esq.

SECURITIES AND EXCHANGE 

COMMISSION

44 Montgomery Street, Suite 2800

San Francisco, CA 94104

Counsel for the Plaintiff

/s/ William H. Kimball

William H. Kimball, Esq.

LAW OFFICES OF WILLIAM H. KIMBALL

803 Hearst Avenue

Berkeley, CA 94710

Counsel for Defendant Ammar Akbari

Case 4:14-cv-02743-HSG Document 84 Filed 06/09/15 Page 3 of 6
STIPULATION AND PROPOSED ORDER 3 CASE NO. C-3:14-CV-02743-HSG

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ORDER

Good cause appearing from the above Stipulation, the requested 90-day suspension of all 

deadlines as to Defendant Ammar Akbari is hereby GRANTED. IT IS HEREBY ORDERED THAT 

the Plaintiff Securities and Exchange Commission and Defendant Ammar Akbari will report to the 

Court no later than 90 days from the date of entry of this Order to inform the Court whether a 

settlement between them has been approved by both parties.

IT IS SO ORDERED.

DATED: June 9, 2015

Haywood S. Gilliam, Jr.

UNITED STATES DISTRICT JUDGE

Case 4:14-cv-02743-HSG Document 84 Filed 06/09/15 Page 4 of 6
STIPULATION AND PROPOSED ORDER 4 CASE NO. C-3:14-CV-02743-HSG

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ATTESTATION

I, Susan F. LaMarca, am the ECF User whose identification and password are being used to 

file the Stipulation and Proposed Order. I hereby attest that each of the above parties or their 

representatives concurs in this filing to the extent indicated.

Dated: June 8, 2015 /s/ Susan F. LaMarca

Susan F. LaMarca

Attorney for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

Case 4:14-cv-02743-HSG Document 84 Filed 06/09/15 Page 5 of 6
STIPULATION AND PROPOSED ORDER 5 CASE NO. C-3:14-CV-02743-HSG

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CERTIFICATE OF SERVICE

I, Janet Bukowski, am a citizen of the United States, over 18 years of age and not a party to 

this action. On June 9, 2015, I served the following documents:

 STIPULATION AND PROPOSED ORDER SUSPENDING DEADLINES AS TO 

DEFENDANT AKBARI 

via e-mail and U.S. Mail, postage pre-paid, to the following:

Roshanlal Chaganlal

4883 Thornpike Lane

Dublin, CA 94568

rchaganlal@gmail.com

The following defendants were served via the Court’s CM/ECF system:

William H. Kimball, Esq.

Law Offices of William H. Kimball

803 Hearst Avenue

Berkeley, CA 94710

Attorney for Defendant Ammar Akbari

Christopher Cannon, Esq.

Sugarman & Cannon

180 Montgomery Street, Suite 2350

San Francisco, CA 94104

Attorney for Defendant Saleem Khan

Charlene S. Shimada, Esq.

Morgan, Lewis & Bockius LLP

Three Embarcadero Center

San Francisco, CA 94111-4067

Attorney for Defendant Ranjan Mendonsa

I declare under penalty of perjury that the statements made above are true and correct. 

Executed in San Francisco, California June 9, 2015.

 /s/ Janet Bukowski 

Janet Bukowski, Paralegal Specialist

SECURITIES AND EXCHANGE COMMISSION

Case 4:14-cv-02743-HSG Document 84 Filed 06/09/15 Page 6 of 6