Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_01-cv-21029/USCOURTS-cand-5_01-cv-21029-2/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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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

In re NEXTCARD, INC. SECURITIES 

LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

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Master File No. C-01-21029-JF(EI) 

CLASS ACTION

[PROPOSED] ORDER APPROVING PLAN 

OF ALLOCATION OF SETTLEMENT 

PROCEEDS 

DATE: December 2, 2005 

TIME: 11:00 a.m. 

COURTROOM: The Honorable 

Jeremy Fogel 

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Case 5:01-cv-21029-JF Document 318 Filed 12/05/05 Page 1 of 7
[PROPOSED] ORDER APPROVING PLAN OF ALLOCATION OF SETTLEMENT PROCEEDS 

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THIS MATTER having come before the Court on Lead Plaintiffs’ application for approval of 

the Plan of Allocation of the net settlement proceeds in the above-captioned action; the Court having 

considered all papers filed and proceedings had herein and otherwise being fully informed in the 

premises; 

IT IS HEREBY ORDERED, ADJUDGED AND DECREED that: 

1. For purposes of this Order, the terms used herein shall have the same meanings as set 

forth in the Stipulation of Settlement with Ernst & Young, LLP dated as of December 1, 2004 (the 

“Stipulation”). 

2. Pursuant to and in full compliance with Rule 23 of the Federal Rules of Civil 

Procedure, this Court hereby finds and concludes that due and adequate notice was directed to all 

Persons and entities who are Settlement Class Members advising them of the Plan of Allocation and 

of their right to object thereto, and a full and fair opportunity was accorded to all Persons and entities 

who are Settlement Class Members to be heard with respect to the Plan of Allocation. 

3. The Court hereby finds and concludes that the formula for the calculation of the 

claims of Authorized Claimants which is set forth in the Notice of Pendency and Proposed Partial 

Settlement of Class Action (the “Notice”) sent to Settlement Class Members, provides a fair and 

reasonable basis upon which to allocate the proceeds of the Net Settlement Fund established by the 

Stipulation among Settlement Class Members, with due consideration having been given to 

administrative convenience and necessity. 

Case 5:01-cv-21029-JF Document 318 Filed 12/05/05 Page 2 of 7
[PROPOSED] ORDER APPROVING PLAN OF ALLOCATION OF SETTLEMENT PROCEEDS 

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4. The Court hereby finds and concludes that the Plan of Allocation set forth in the 

Notice is in all respects fair and reasonable and the Court hereby approves the Plan of Allocation. 

IT IS SO ORDERED. 

DATED: _12/2/05________ 

 THE HONORABLE JEREMY FOGEL 

UNITED STATES DISTRICT JUDGE 

Submitted by: 

 LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

JEFFREY W. LAWRENCE 

CHRISTOPHER P. SEEFER 

100 Pine Street, Suite 2600 

San Francisco, CA 94111 

Telephone: 415/288-4545 

415/288-4534 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

WILLIAM S. LERACH 

JOY ANN BULL 

/s/ Joy Ann Bull 

JOY ANN BULL 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

TAMARA J. DRISCOLL (pro hac vice) 

1700 Seventh Avenue, Suite 2260 

Seattle, WA 98101 

Telephone: 206-749-5544 

206-749-9978 (fax) 

s/electronic signature authorized

Case 5:01-cv-21029-JF Document 318 Filed 12/05/05 Page 3 of 7
[PROPOSED] ORDER APPROVING PLAN OF ALLOCATION OF SETTLEMENT PROCEEDS 

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BERNSTEIN LITOWITZ BERGER & 

 GROSSMANN LLP 

ALAN SCHULMAN 

ROBERT S. GANS 

ALICIA M. DUFF 

12544 High Bluff Drive, Suite 150 

San Diego, CA 92130 

Telephone: 858/793-0070 

858/793-0323 (fax) 

Co-Lead Counsel for Lead Plaintiffs and the 

Class 

S:\Settlement\NextCard.set\ORD ALLOCATION 00026260.doc 

Case 5:01-cv-21029-JF Document 318 Filed 12/05/05 Page 4 of 7
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DECLARATION OF SERVICE BY MAIL

PURSUANT TO NORTHERN DISTRICT LOCAL RULE 23-2(c)(2) 

I, the undersigned, declare: 

1. That declarant is and was, at all times herein mentioned, a citizen of the United States 

and a resident of the County of San Diego, over the age of 18 years, and not a party to or interested 

party in the within action; that declarant’s business address is 655 West Broadway, Suite 1900, San 

Diego, California 92101. 

2. That on November 22, 2005, declarant served the [PROPOSED] ORDER 

APPROVING PLAN OF ALLOCATION OF SETTLEMENT PROCEEDS by depositing a true 

copy thereof in a United States mailbox at San Diego, California in a sealed envelope with postage 

thereon fully prepaid and addressed to the parties listed on the attached Service List and that this 

document was forwarded to the following designated Internet site at: 

http://securities.lerachlaw.com/

3. That there is a regular communication by mail between the place of mailing and the 

places so addressed. 

I declare under penalty of perjury that the foregoing is true and correct. Executed this 22nd 

day of November, 2005, at San Diego, California. 

/s/ Yvette D. Gray 

YVETTE D. GRAY 

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