Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_06-cv-05026/USCOURTS-cand-4_06-cv-05026-2/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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LAW OFFICES

COTCHETT,

PITRE, SIMON &

MCCARTHY

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Stipulation and [Proposed] Order (1) Consolidating Related Cases and 

(2) Appointing Lead Plaintiffs and Lead Counsel 

JOSEPH W. COTCHETT (#36324)

jcotchett@cpsmlaw.com

MARK C. MOLUMPHY (#168009)

mmolumphy@cpsmlaw.com

KELLY L. SOMMERFELD (#234025)

ksommerfeld@cpsmlaw.com

COTCHETT, PITRE, SIMON & McCARTHY

840 Malcolm Road, Suite 200

Burlingame, CA 94010 

Telephone: (650) 697-6000

Fax: (650) 697-0577

Proposed Co-Lead Counsel for the Class

DAVID A.P. BROWER 

brower@browerpiven.com

ELIZABETH A. SCHMID

Schmid@browerpiven.com

BROWER PIVEN

A Professional Corporation

488 Madison Avenue

Eighth Floor

New York, NY 10022

Telephone: (212) 501-9000

Fax: (212) 501-0300

Proposed Co-Lead Counsel for the Class 

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

MARGARET KOVARIK, individually and 

on behalf of all those similarly situated,

Plaintiff,

v.

FOXHOLLOW TECHNOLOGIES, INC.,

JOHN B. SIMPSON, MATTHEW B.

FERGUSON, and Does 1-10,

Defendants.

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Case No. C-06-4595 PJH

CLASS ACTION

PRIVATE SECURITIES LITIGATION

REFORM ACT

STIPULATION AND [PROPOSED]

ORDER (1) CONSOLIDATING

RELATED CASES AND (2)

APPOINTING LEAD PLAINTIFFS AND

LEAD COUNSEL

Ctrm: 3, 17th Floor

Hon. Phyllis J. Hamilton

Case 4:06-cv-05026-PJH Document 19 Filed 10/26/06 Page 1 of 5
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Stipulation and [Proposed] Order (1) Consolidating Related Cases and 

(2) Appointing Lead Plaintiffs and Lead Counsel 

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STIPULATION

WHEREAS, plaintiff Margaret Kovarik is the named plaintiff in this class action, brought

on behalf of all persons and entities who purchased FoxHollow common stock from May 13,

2005 through January 26, 2006 (the “Class Period”) and suffered damages (the “Class”); and 

WHEREAS, after publishing notice of the right to serve as lead plaintiff, pursuant to the

Private Securities Litigation Reform Act of 1995 (“PSLRA”), two motions were timely filed

seeking to (1) consolidate all other related actions and (2) appoint lead plaintiff and counsel; and

WHEREAS, the moving parties assert that they meet the adequacy standards of the

PSLRA and the requirements of Rule 23 of the Federal Rules of Civil Procedure, and jointly

believe that it will serve the interests of the Class to have co-lead plaintiffs, represented by their

respective firms serving as co-lead counsel; and

WHEREAS, defendants have informed plaintiffs’ counsel that, while they take no

position regarding the appointment of lead plaintiffs or counsel, they do not object to the

consolidation of the related complaints,

THEREFORE, IT IS HEREBY STIPULATED, subject to court approval, that: 

Consolidation

1. The actions entitled, Kovarik v. Foxhollow Technologies, Inc., et al., Case No. C06-4595-PJH and Kelley v. Foxhollow Technologies, Inc., et al., Case No. C-06-5026-MHP are

consolidated for all purposes including, but not limited to, discovery, pretrial proceedings and

trial proceedings, pursuant to Rule 42(a) of the Federal Rules of Civil Procedure under the

following caption:

----------------------------------------------------------x

IN RE FOXHOLLOW TECHNOLOGIES, Master File No. 06-4595-PJH

INC. SECURITIES LITIGATION

----------------------------------------------------------x

Case 4:06-cv-05026-PJH Document 19 Filed 10/26/06 Page 2 of 5
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Stipulation and [Proposed] Order (1) Consolidating Related Cases and 

(2) Appointing Lead Plaintiffs and Lead Counsel 

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2. A Master Docket and Master File are hereby established for this Action. The

Master File shall be Civil Action No. 06-4595-PJH. Entries in the Master Docket shall be

applicable to this Action and any subsequently filed actions related hereto, as more fully set forth

below. 

3. When a case that arises out of the subject matter of this action is hereinafter filed

in this Court or transferred from another Court, the Clerk of this Court shall:

a. file a copy of this Order in the separate file for such action;

b. mail a copy of this Order to the attorneys for the plaintiff(s) in the newly

filed or transferred case and to any new defendant(s) in the newly filed or

transferred case; and

c. make the appropriate entry in the docket for this action.

Each new case which arises out of the subject matter of this Action that is filed in this Court or

transferred to this Court shall be consolidated with this Action and this Order shall apply thereto,

unless a party objecting to this Order or any provision of this Order shall, within ten (10) days

after the date upon which a copy of this Order is served on counsel for such party, files an

application for relief from this Order or any provision herein and this Court deems it appropriate

to grant such application.

Appointment of Co-Lead Plaintiff, Co-Lead Counsel, and Liaison Counsel

4. Margaret Kovarik and Matthew Roberts are appointed to serve as Co-Lead

Plaintiffs. Both Kovarik and Roberts satisfy the requirements for appointment as Lead Plaintiffs

pursuant to the PSLRA.

5. Lead Plaintiffs, pursuant to the PSLRA, have selected and retained the law firms

of Cotchett, Pitre, Simon & McCarthy and Brower Piven, A Professional Corporation, to serve as

Co-Lead Counsel in this Consolidated Action.

6. Plaintiffs’ Co-Lead Counsel shall have the following responsibilities and duties,

to be carried out on behalf of plaintiffs and the proposed class, either personally or through

counsel whom Co-Lead Counsel shall designate:

Case 4:06-cv-05026-PJH Document 19 Filed 10/26/06 Page 3 of 5
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Stipulation and [Proposed] Order (1) Consolidating Related Cases and 

(2) Appointing Lead Plaintiffs and Lead Counsel 

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a. to coordinate the briefing and argument of motions and the presentation

of positions at pretrial conferences;

b. to coordinate the conduct of discovery proceedings;

c. to call meetings of the plaintiffs' counsel as they deem necessary and

appropriate from time to time;

d. to coordinate discussions with defendants and their counsel, including all

settlement negotiations;

e. to coordinate the preparation for trial and the trial of this matter and to

delegate work responsibilities to selected counsel as may be required; 

f. to coordinate any motion for approval of settlement, including any motions

seeking the award of fees and/or reimbursement of costs; and

g. to supervise any other matters concerning the prosecution, resolution or

settlement of the Consolidated Action.

7. Counsel in any related action that is consolidated with the Consolidated Action

shall be bound by this organization of plaintiffs’ counsel.

8. The firm of Gutride Safier LLP shall serve as plaintiffs’ Liaison Counsel.

9. Co-Lead Counsel shall be the contact between plaintiffs’ counsel and defendants'

counsel, and shall have the responsibility of receiving and disseminating Court orders and

notices. 

10. Defendants shall effect service of papers on plaintiffs by serving a copy on CoLead and Liaison Counsel. Plaintiffs shall effect service of papers on defendants by serving a

copy on defendants' counsel.

IT IS SO STIPULATED.

Dated: October 25, 2006. COTCHETT, PITRE, SIMON & McCARTHY

By: /s/ 

 MARK C. MOLUMPHY

 Proposed Co-Lead Counsel for the Class

Case 4:06-cv-05026-PJH Document 19 Filed 10/26/06 Page 4 of 5
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Stipulation and [Proposed] Order (1) Consolidating Related Cases and 

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Dated: October 25, 2006. BROWER PIVEN

A Professional Corporation

By: /s/ 

 DAVID A.P. BROWER

 Proposed Co-Lead Counsel for the Class

I, Mark C. Molumphy, am the ECF user whose ID and password is being used to file this

STIPULATION AND [PROPOSED] ORDER. In compliance with General Order 45, X, B., I

hereby attest that David Brower has concurred with this filing.

ORDER

IT IS SO ORDERED.

Dated: _____________________.

 

 HON. PHYLLIS J. HAMILTON

 U.S. DISTRICT COURT JUDGE

10/26/06

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Phyllis J. Hamilton

Case 4:06-cv-05026-PJH Document 19 Filed 10/26/06 Page 5 of 5