Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_06-cv-06304/USCOURTS-cand-5_06-cv-06304-7/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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AMENDED STIPULATION AND 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

In re TVIA INC. SECURITIES LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

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No. 06-CV-06304-RMW 

CLASS ACTION

AMENDED STIPULATION AND 

[] ORDER PRELIMINARILY 

APPROVING SETTLEMENT AND 

PROVIDING FOR NOTICE 

*E-FILED - 10/12/07*

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AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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WHEREAS, a consolidated class action is pending before this Court entitled In re Tvia, 

Inc. Securities Litigation, No. C06-03604-RMW (the “Litigation”); 

WHEREAS, on October 3, 2007 the Settling Parties filed with the Court a Stipulation 

of Settlement (with exhibits) dated October 3, 2007 (the “Stipulation”) that was entered into by 

the Lead Plaintiff and Defendants, setting forth the terms of the settlement of the Litigation; 

WHEREAS, on October 10, 2007, the Court issued an Order setting forth certain 

concerns regarding selected exhibits attached to the to Stipulation; 

WHEREAS, the Settling Parties have reviewed the Court’s October 10, 2007 Order, and 

submit this Amended Stipulation and [Proposed] Order Preliminarily Approving Settlement 

and Providing for Notice (“Amended Stipulation”) addressing the Court’s concerns; 

THEREFORE, the Settling Parties, by and through their counsel, hereby stipulate as 

follows: 

1. This Amended Stipulation and the exhibits attached hereto are substantially in 

the same form as contemplated by the Stipulation and the parties agree that no amendment of 

the Stipulation is necessary. 

2. All capitalized terms contained herein shall have the same meanings as set forth 

in the Stipulation. 

3. Pursuant to Rule 23(e) of the Federal Rules of the Civil Procedure, the Settling 

Parties jointly request the Court to enter this order preliminarily approving the settlement of this 

Litigation, in accordance with the Stipulation, which, together with the Exhibits annexed 

thereto and the Supplemental Agreement, sets forth the terms and conditions for a proposed 

settlement of the Litigation and for dismissal of the Litigation with prejudice upon the terms 

and conditions set forth therein. (the “Settlement”). 

Case 5:06-cv-06304-RMW Document 55 Filed 10/12/07 Page 2 of 14
 

AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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4. For the purposes of the Settlement only, the Settling Parties jointly request that 

the Court preliminarily certify this Litigation as a Class Action and preliminarily appoint Lead 

Plaintiff Mitch Metzman as Class Representative. 

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AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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* * * 

ORDER 

NOW, THEREFORE, IT IS HEREBY ORDERED: 

1. The terms defined in the Stipulation of Settlement dated October 3, 2007 (the 

“Stipulation”) are incorporated herein and the Court hereby accepts Amended Exhibits A-1, A2, and A-3 attached hereto insofar as these exhibits comply with the Court’s October 10, 2007 

Order and as set forth more fully below. 

2. The Court does hereby preliminarily approve the Stipulation and the Settlement 

set forth therein, subject to further consideration at the Settlement Hearing described below. 

3. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, the Court hereby 

certifies, for purposes of effectuating this Settlement, a Class defined as all Persons who 

purchased or otherwise acquired, the common stock of Tvia, Inc. (“Tvia” or the “Company”) 

during the period February 2, 2005 through January 30, 2007, inclusive. Excluded from the 

Class are Defendants, members of the immediate families of the individual Defendants, any 

entity in which any Defendant has or had a controlling interest, present and former directors 

and officers of Tvia, and the legal representatives, heirs, successors, or assigns of any such 

Defendant. Also excluded are all persons who purchased Tvia securities in the private 

placement on or about August 25, 2006, but only to the extent of all such securities purchased. 

4. In preliminarily certifying the Class, the Court finds, for the purposes of the 

Settlement only, that the prerequisites for a class action under Rules 23(a) and (b)(3) of the 

Federal Rules of Civil Procedure have been satisfied in that: (a) the number of Class Members 

is so numerous that joinder of all members thereof is impracticable; (b) there are questions of 

law and fact common to the Class; (c) the claims of the named representative are typical of the 

claims of the Class he seeks to represent; (d) the Lead Plaintiff has and will fairly and 

adequately represent the interests of the Class; (e) Plaintiff’s Counsel are qualified to represent 

the Class; (f) the questions of law and fact common to the Members of the Class predominate 

Case 5:06-cv-06304-RMW Document 55 Filed 10/12/07 Page 8 of 14
 

AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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over any questions affecting only individual Members of the Class; and (g) a class action is 

superior to other available methods for the fair and efficient adjudication of the controversy. 

5. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, and for the 

purposes of the settlement only, Lead Plaintiff Mitch Metzman is preliminarily certified as the 

class representative. 

6. A hearing (the “Settlement Hearing”) shall be held before this Court on 

________, 2008, at ____ _.m., at the United States Courthouse, Northern District of California, 

280 South 1st Street, San Jose, California, 95113 to determine: (i) whether the Class should be 

certified pursuant to Rule 23 of the Federal Rules of Civil Procedure; (ii) whether the proposed 

settlement of the Litigation on the terms and conditions provided for in the Stipulation is fair, 

reasonable and adequate to the Class and should be approved by the Court; (iii) whether a 

Judgment should be entered herein; (iv) whether the proposed Plan of Allocation should be 

approved; and (v) to determine the amount of fees and expenses that should be awarded to Lead 

Plaintiff’s Counsel and an award to Lead Plaintiff. The Court may adjourn the Settlement 

Hearing without further notice to Members of the Class. 

7. The Court approves, as to form and content, the Amended Notice of Pendency 

and Proposed Settlement of Class Action (the “Notice”), the Proof of Claim and Release form 

(the “Proof of Claim”), and Amended Summary Notice annexed as Exhibits A-1, A-2 and A-3 

hereto, and finds that the mailing and distribution of the Notice and publishing of the Summary 

Notice substantially in the manner and form set forth in this Order meet the requirements of 

Rule 23 of the Federal Rules of Civil Procedure, Section 21(D)(a)(7) of the Securities 

Exchange Act of 1934, 15 U.S.C. § 78u-4(1)(7) as amended by the Private Securities Litigation 

Reform Act of 1995, and due process, and is the best notice practicable under the circumstances 

and shall constitute due and sufficient notice to all persons entitled thereto. Lead Plaintiff’s 

Counsel is authorized to issue such Notices and Proof of Claim, in substantially their present 

form as Exhibits, to those members of Class that can be identified through reasonable effort. 

January 18 9:00 a

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AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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8. Lead Plaintiff’s Counsel are hereby authorized to retain the firm of Strategic 

Claims Services (the “Claims Administrator”) to supervise and administer the notice procedure 

as well as the processing of claims as more fully set forth below: 

(a) Not later than twenty (20) calendar days from entry of this Order, (the 

“Notice Date”), the Claims Administrator shall cause a copy of the Notice and the Proof of 

Claim, substantially in the form annexed as Exhibits A-1 and A-2 hereto, to be mailed by first 

class mail to all Class Members reasonably identified by the transfer records of Tvia common 

stock (“Tvia Stock”) at the Class Members’ addresses listed on such transfer records (obtained 

in accordance with ¶ 8(d) below); 

(b) Not later than twenty (20) business days from entry of this Order, Lead 

Plaintiff’s Counsel shall cause the Summary Notice, substantially in the form annexed as 

Exhibit A-3 hereto, to be published once in Investor’s Business Daily, and shall cause a copy of 

the Summary Notice to be published electronically on either PR Newswire or Business Wire; 

(c) Lead Plaintiff’s Counsel should also cause copies of the Notice and 

Proof of Claim to be mailed as soon a practicable to persons who indicate, in response to the 

Summary Notice or otherwise, that they purchased or otherwise acquired Tvia Stock during the 

Class Period; 

(d) At least seven (7) calendar days prior to the Settlement Hearing, Lead 

Plaintiff’s Counsel shall serve on Defendants’ counsel and file with the Court proof, by 

affidavit or declaration, of such mailing and publishing. 

9. Nominees who purchased, acquired or retained the common stock of Tvia during 

the period February 2, 2005 through January 30, 2007 for the beneficial ownership of another 

Person shall send the Notice and the Proof of Claim to such Beneficial owners of such Tvia’s 

common stock within ten (10) days after receipt thereof, or send a list of the names and 

addresses of such beneficial owners to the Claims Administrator within ten (10) days of receipt 

Case 5:06-cv-06304-RMW Document 55 Filed 10/12/07 Page 10 of 14
 

AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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thereof in which event the Claims Administrator shall promptly mail the Notice and Proof of 

Claim to such beneficial owners. 

10. All reasonable costs incurred in identifying and notifying Members of the Class 

as well as administering the Settlement, shall be paid from the Settlement Fund as set forth in 

the Stipulation. In the event the Settlement is not approved by the Court, or otherwise fails to 

become effective, neither the Lead Plaintiff nor Plaintiff’s Counsel shall have any obligation to 

repay any amounts actually and properly disbursed from the Settlement Fund for these 

purposes. 

11. All Members of the Class shall be bound by all determinations and judgments in 

the Litigation concerning the Settlement, whether favorable or unfavorable to the Class. 

12. Class Members who wish to participate in the Net Settlement Fund shall 

complete and submit Proof of Claim forms in accordance with the instructions contained 

therein. Unless the Court orders otherwise, all Proof of Claim forms must be submitted no later 

than ninety (90) calendar days from the Notice Date. Any Class Member who does not timely 

submit a Proof of Claim within the time provided for, shall be barred from sharing in the 

distribution of the proceeds of the Settlement Fund, unless otherwise ordered by the Court, but 

shall nevertheless be bound by any Final Judgment entered by the Court. 

13. Pending final determination of whether the Settlement should be approved, 

neither the Lead Plaintiff nor any Class Member, either directly, representatively, or in any 

other capacity, shall commence or prosecute against any of the Released Parties, any action or 

proceeding in any court or tribunal asserting any of the Released Claims. 

14. Pending final determination of whether the Settlement should be approved, all 

discovery and all proceedings in this Litigation are stayed, except for the proceedings relating 

to the Settlement. 

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AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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15. Any Member of the Class may enter an appearance in the Litigation, at his, her 

or its own expense, individually or through counsel of their own choice. If they do not enter an 

appearance, they will be represented by Lead Plaintiff’s Counsel. 

16. Any Person falling within the definition of the Class may, upon request, be 

excluded from the Class and thereby elect not to participate in the Net Settlement Fund. Any 

such Person must submit to the Claims Administrator a request for exclusion, pursuant to the 

instructions in the Notice, postmarked no later than forty-five (45) calendar days following the 

Notice Date, and mailed by first-class mail to the Claims Administrator. All Persons who 

submit valid and timely requests for exclusion in the manner set forth in the Notice shall have 

no rights with respect to the Settlement and have no interest in the Settlement or Net Settlement 

Fund, shall not share in the distribution of the Settlement Fund, and shall not be bound by the 

Stipulation or the Final Judgment. Any member of the Class not submitting a valid and timely 

request for exclusion as provided in the Notice shall remain a Member of the Class. 

17. Any Member of the Class who has not requested exclusion may appear, with or 

without counsel, and show cause, if he, she or it has any reason why the proposed Settlement of 

the Litigation should not be approved as fair, reasonable and adequate, or why a Judgment 

should not be entered thereon, why the Plan of Allocation should not be approved, why 

Attorneys’ Fees and Expenses should not be awarded to counsel for the Lead Plaintiff or why 

an Award to Lead Plaintiff should not be made; provided, however, that no Class Member or 

any other Person shall be heard or entitled to contest the approval of the terms and conditions of 

the proposed Settlement, or, if approved, the Judgment to be entered thereon approving the 

same, or the order approving the Plan of Allocation, or the Attorneys’ Fees and Expenses to be 

awarded to counsel for the Lead Plaintiff, or the Award to Lead Plaintiff unless: (i) that Person 

has served on the following counsel (delivered by hand or sent by first class mail) written 

objections and copies of any papers and briefs in support thereof no later than forty-five (45) 

calendar days following the Notice Date: 

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AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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Laurence Rosen, Esq. 

Phillip Kim, Esq. 

The Rosen Law Firm PA 

350 Fifth Avenue 

Suite 5508 

New York, NY 10118 

Walter J. Robinson, Esq. 

Pillsbury Winthrop Shaw Pittman LLP 

2475 Hanover Street 

Palo Alto, California 94304 

and (ii) filed said objections, papers and briefs with the Clerk of the United States District 

Court for the Northern District of California, no later than forty-five (45) calendar days 

following the Notice Date. Any objection must contain a written notice of the grounds for 

opposing the Settlement, Plan of Allocation, application for Attorneys’ Fees and Expenses, 

Award to Lead Plaintiff, and must demonstrate the objecting Person’s membership in the Class 

by including: (a) the objecting Person’s name, address and telephone number; (b) proof of the 

number of shares of Tvia common stock purchased or acquired and sold during the Class 

Period by the objecting Person; and (c) a statement of the reasons for objection. Any Member 

of the Class who does not make his, her or its objection in the manner provided shall be deemed 

to have waived such objection and shall forever be foreclosed from making any objection to the 

fairness or adequacy of the proposed Settlement as incorporated in the Stipulation, to the Plan 

of Allocation, and to the award of Attorneys’ Fees and Expenses to Lead Plaintiff’s Counsel 

and an Award to Lead Plaintiff, unless otherwise ordered by the Court. 

18. All papers in support of the Settlement, the Plan of Allocation, and any 

application by counsel for the Lead Plaintiff for Attorneys’ Fees or Expenses and an Award to 

Lead Plaintiff shall be filed with the Court and served at least fourteen (14) calendar days prior 

to the Settlement Hearing. 

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AMENDED STIPULATION AND [] 

ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

AND PROVIDING FOR NOTICE 

Case No. C-06-06304-RMW 

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19. All funds held by the Escrow Agent shall be deemed and considered to be in 

custodia legis, and shall remain subject to the jurisdiction of the Court, until such time as such 

funds shall be distributed pursuant to the Stipulation and/or further order(s) of the Court. 

20. None of the Released Parties shall have any responsibility for the Plan of 

Allocation or any application for reimbursement of Attorneys’ Fees and Expenses or an Award 

to Lead Plaintiff submitted by Lead Plaintiff’s Counsel, and such matters will be considered 

separately from the fairness, reasonableness and adequacy of the settlement. 

21. All reasonable expenses incurred in identifying and notifying Class Members as 

well as administering the Settlement Fund, shall be paid as set forth in the Stipulation. In the 

event the Settlement is not approved by the Court, or otherwise fails to become effective, 

neither the Lead Plaintiff nor any of his counsel shall have any obligation to repay any amounts 

actually and properly disbursed from the Settlement Fund for such reasonable expenses. 

22. Neither the Stipulation, nor any of its terms or provisions, nor any of the 

negotiations or proceedings connected with it, shall be construed as an admission or concession 

by Defendants of the truth of any of the allegations in the Litigation, or of any liability, fault, or 

wrongdoing of any kind. 

23. The Court reserves the right to adjourn the date of the Settlement Hearing 

without further notice to the Members of the Class, and retains jurisdiction to consider all 

further applications arising out of or connected with the proposed settlement. The Court may 

approve the settlement, with such modifications as may be agreed to by the Settling Parties, if 

appropriate, without further notice to the Class. 

IT IS SO ORDERED. 

DATED: _________________________ 

THE HONORABLE RONALD M. WHYTE 

UNITED STATES DISTRICT JUDGE 

10/12/07

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