Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_19-cv-06977/USCOURTS-cand-3_19-cv-06977-1/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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STIPULATION OF DISMISSAL AND [PROPOSED] ORDER -1- 

LEGAL02/39564341v1 

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ABRAHAM, FRUCHTER 

& TWERSKY, LLP 

TAKEO A. KELLAR (Bar No. 234470) 

11622 El Camino Real, Suite 100 

San Diego, CA 92130 

Tel. (858) 764-2580 

Fax (858) 764-2582 

tkellar@aftlaw.com 

Counsel for Plaintiff and the Putative Class 

[Additional Counsel Appear on Signature Page] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

HERBERT SILVERBERG, on Behalf of 

Himself and All Others Similarly Situated, 

 Plaintiff, 

 vs.

PIVOTAL SOFTWARE, INC., PAUL 

MARITZ, MICHAEL S. DELL, EGON 

DURBAN, WILLIAM D. GREEN, MARCY 

S. KLEVORN, MADELYN LANKTON, 

ROBERT MEE, and ZANE ROWE,

 Defendants. 

CASE NO. 3:19-cv-06977-RS 

STIPULATION OF DISMISSAL 

AND [PROPOSED] ORDER 

Before: Hon. Richard Seeborg 

 

WHEREAS, on August 22, 2019, Pivotal Software, Inc. (“Pivotal” or the “Company”) 

entered into an Agreement and Plan of Merger (“Merger Agreement”) with VMware, Inc. 

(“VMware”), and Raven Transaction Sub, Inc., a wholly owned subsidiary of VMware (“merger 

sub”), providing for the acquisition of Pivotal by VMware (the “Merger”), pursuant to which 

Pivotal shareholders would receive $15.00 in cash (the “Merger Consideration”) for each share of 

Stock that they owned immediately prior to the time the merger became effective; 

WHEREAS, in connection with the Merger, on October 10, 2019, the Company filed a 

proxy statement (the “Proxy Statement”) on Schedule 14A with the United States Securities and 

Exchange Commission (the “SEC”); 

Case 3:19-cv-06977-RS Document 20 Filed 01/30/20 Page 1 of 5
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WHEREAS, on October 24, 2019, Plaintiff Herbert Silverberg (“Plaintiff”) filed the abovecaptioned action (the “Action”) asserting claims for violations of sections 14(a) of the Securities 

Exchange Act of 1934 in connection with the sufficiency of the information contained in the Proxy 

Statement; 

WHEREAS, on December 16, 2019, Defendants filed supplemental disclosures (the 

“Supplemental Disclosures”) with the SEC disclosing the information that Plaintiff’s Complaint 

and other similar shareholders’ complaints asserted was absent from the Proxy Statement; 

WHEREAS, it is the current intention of counsel for Plaintiff to submit an application 

seeking an award of mootness fees (the “Fee Application”) in connection with the mooted claims 

if the parties cannot resolve Plaintiff’s Fee Application; 

WHEREAS, all of the Defendants in the Action reserve all rights, arguments and defenses, 

including the right to oppose any potential Fee Application; 

WHEREAS, no class has been certified in the Action; 

WHEREAS, for the avoidance of doubt, no compensation in any form has passed directly 

or indirectly to Plaintiff or attorneys and no promise, understanding, or agreement to give any such 

compensation has been made; 

WHEREAS, Defendants have denied and continue to deny any wrongdoing and contend 

that no claim asserted in the Action was ever meritorious; 

NOW, THEREFORE, upon consent of the parties and subject to the approval of the Court: 

1. The Action is dismissed with prejudice as to named plaintiff Herbert Silverberg. 

2. Because this Action has not been certified as a class action, notice of this dismissal 

is not required and dismissal has no prejudicial effect on the rights of any other persons. 

3. The Court retains jurisdiction of the Action solely for the purpose of determining 

Plaintiff’s forthcoming Fee Application, if the parties cannot resolve Plaintiff’s Fee Application. 

4. This Order is entered without prejudice to any right, position, claim or defense any 

party may assert with respect to the Fee Application, which includes the Defendants’ right to 

oppose the Fee Application. 

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5. To the extent that the parties are unable to reach an agreement concerning the Fee 

Application, they may contact the Court regarding a schedule and hearing to present such 

application to the Court. 

6. If the parties reach an agreement concerning the Fee Application, they will notify 

the Court. Upon such notification, the Court will close the Action. 

Dated: January 29, 2020 Respectfully submitted, 

ABRAHAM, FRUCHTER & TWERSKY, 

LLP 

 /s/ Takeo A. Kellar 

Takeo A. Kellar (SBN 234470) 

11622 El Camino Real, Suite 100 

San Diego, California 92130 

Telephone: (858) 764-2580 

Facsimile: (858) 764-2582 

Email: tkellar@aftlaw.com 

Michael J. Klein 

(pro hac vice application forthcoming) 

One Penn Plaza, Suite 2805 

New York, New York 10119 

Telephone: (212) 279-5050 

Facsimile: (212) 279-3655 

Email: mklein@aftlaw.com 

Attorneys for Plaintiff 

GIBSON, DUNN & CRUTCHER LLP 

 /s/ Michael D. Celio 

Michael D. Celio (SBN 197998) 

1881 Page Mill Road 

Palo Alto, California 94304 

Telephone: (650) 849-5326 

Facsimile: (650) 849-5026 

Email: mcelio@gibsondunn.com 

Counsel for Defendants Pivotal Software, Inc., 

Paul A. Maritz, Robert Mee, and Zane C. Rowe 

Case 3:19-cv-06977-RS Document 20 Filed 01/30/20 Page 3 of 5
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Attorneys for Defendants Pivotal Software, 

Inc., Paul Maritz, Robert Mee, and Zane Rowe 

ALSTON & BIRD LLP 

 /s/ Gidon M. Caine 

Gidon M. Caine (SBN 188110) 

950 Page Mill Road 

Palo Alto, California 94304 

Telephone: (650) 838-2000 

Facsimile: (650) 838-2001 

Email: gidon.caine@alston.com 

Attorneys for Defendants Michael S. Dell, 

Egon Durban, and William D. Green 

LATHAM & WATKINS LLP 

 /s/ Matt Rawlinson 

Matt Rawlinson (SBN 231890) 

Hilary H. Mattis (SBN 271498) 

140 Scott Drive 

Menlo Park, California 94025 

Telephone: (650) 328-4600 

Facsimile: (650) 463-2800 

Email: matt.rawlinson@lw.com 

 hilary.mattis@lw.com 

Attorneys for Defendants Marcy S. Klevorn and 

Madelyn Lankton 

 

* * * 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

Dated: __________________, 2020 _________________________________ 

 HON. RICHARD SEEBORG 

 United States District Judge 

January 30

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ATTESTATION OF CONCURRENCE IN FILING 

Pursuant to Northern District of California’s Local Rule 5-1(i)(3), I attest that all 

signatories listed, and on whose behalf this filing is submitted, concur in the filing’s content and 

have authorized the filing. 

Dated: January 29, 2020 Respectfully submitted, 

ABRAHAM, FRUCHTER & TWERSKY, 

LLP 

 /s/ Takeo A. Kellar 

Takeo A. Kellar (SBN 234470) 

11622 El Camino Real, Suite 100 

San Diego, California 92130 

Telephone: (858) 764-2580 

Facsimile: (858) 764-2582 

Email: tkellar@aftlaw.com 

Case 3:19-cv-06977-RS Document 20 Filed 01/30/20 Page 5 of 5