Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_15-cv-01334/USCOURTS-cand-4_15-cv-01334-0/pdf.json

Nature of Suit Code: 160
Nature of Suit: Stockholder's Suits
Cause of Action: 15:78m(a) Securities Exchange Act

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STIPULATION AND []

ORDER STAYING ACTION

CASE NO. 5:15-CV-01334-RMW

BORIS FELDMAN, State Bar No. 128838

ELIZABETH C. PETERSON, State Bar No. 194561

WILSON SONSINI GOODRICH & ROSATI

Professional Corporation

650 Page Mill Road

Palo Alto, CA 94304-1050

Telephone: (650) 493-9300

Facsimile: (650) 565-5100

Email: boris.feldman@wsgr.com

epeterson@wsgr.com

Attorneys for Defendants Larry Page, Sergey

M. Brin, Eric E. Schmidt, L. John Doerr,

Diane B. Greene, John L. Hennessy, Ann

Mather, Paul S. Otellini, K. Ram Shriram,

Shirley M. Tilghman, Michael J. Moritz,

Arthur D. Levinson, Robert Alan Eustace,

Omid R. Kordestani, Jonathan J. Rosenberg,

Shona L. Brown, Arnnon Geshuri, and

Nominal Defendant Google Inc.

[Additional Counsel Appear on Signature Pages]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

WEST PALM BEACH FIRE PENSION FUND,

Plaintiff,

v.

LAWRENCE “LARRY” PAGE, SERGEY M.

BRIN, ERIC E. SCHMIDT, L. JOHN DOERR,

DIANE B. GREENE, JOHN L. HENNESSY,

ANN MATHER, PAUL S. OTELLINI, K. RAM

SHRIRAM, SHIRLEY M. TILGHMAN,

MICHAEL J. MORITZ, ARTHUR D.

LEVINSON, ROBERT ALAN EUSTACE,

OMID R. KORDESTANI, JONATHAN J.

ROSENBERG, SHONA L. BROWN, and

ARNNON GESHURI,

Defendants.

and

GOOGLE INC.

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CASE NO.: 5:15-cv-01334-RMW

STIPULATION AND []

ORDER STAYING ACTION

Date: N/A

Time: N/A

Judge: Hon. Ronald M. Whyte

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Case 4:15-cv-01334-YGR Document 40 Filed 06/26/15 Page 1 of 5
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STIPULATION AND []

ORDER STAYING ACTION

CASE NO. 5:15-CV-01334-RMW

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WHEREAS, on March 23, 2015, Plaintiff West Palm Beach Fire Pension Fund

(“Plaintiff”) filed its Verified Shareholder Derivative Complaint (the “Complaint”) against

Defendants;1

WHEREAS, on February 28, 2014, a purported shareholder derivative action asserting

state law claims arising from facts common to this action was filed against all but one of the

Defendants in Santa Clara County Superior Court, followed by two additional purported

shareholder derivative actions that were filed on March 6, 2014 and April 29, 2014;

WHEREAS, on May 27, 2014, these three purported shareholder actions were

consolidated under the caption, In re Google Inc. Shareholder Derivative Litigation, Lead Case

No. 1-14-CV-261485 (the “State Court Action”);

WHEREAS, on December 3, 2014, the State Court Action defendants filed a motion for

summary judgment on statute of limitations grounds and the hearing on defendants’ motion is

scheduled for September 4, 2015;

WHEREAS, there appears to be substantial overlap between the allegations, facts,

defenses, and parties in the instant action and the State Court Action, and the resolution of the

statute of limitations issue in the State Court Action bears directly on Plaintiff’s state law claims

in this action;

WHEREAS, the parties have met and conferred regarding whether the instant action

should be stayed pending resolution of the State Court Action;

WHEREAS, during these discussions counsel for Plaintiff informed counsel for

Defendants that Plaintiff was considering intervening or seeking to brief the statute of limitations

issue as an interested party in the State Court Action;

WHEREAS, counsel for Defendants advised that they would not oppose such

intervention or briefing, assuming Plaintiff agreed to stipulate to a stay of this action, but would

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Individual Defendants Larry Page, Sergey M. Brin, Eric E. Schmidt, L. John Doerr, Diane

B. Greene, John L. Hennessy, Ann Mather, Paul S. Otellini, K. Ram Shriram, Shirley M.

Tilghman, Michael J. Moritz, Arthur D. Levinson, Robert Alan Eustace, Omid R. Kordestani,

Jonathan J. Rosenberg, Shona L. Brown, Arnnon Geshuri, and Nominal Defendant Google Inc.

(“Google”) (collectively, “Defendants”).

Case 4:15-cv-01334-YGR Document 40 Filed 06/26/15 Page 2 of 5
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STIPULATION AND

ORDER STAYING ACTION

CASE NO. 5:15-CV-01334-RMW

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oppose any efforts by Plaintiff to obtain the discovery Defendants have provided to date in the

State Court Action;

WHEREAS, under the circumstances of this case, the parties agree that a stay of this

action pending resolution of the State Court Action will likely promote efficiency for the parties

and the Court, and will avoid the risk of inconsistent rulings on the statute of limitations issue on

Plaintiff’s state law claims;

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by Plaintiff and

Defendants, through their undersigned counsel of record and subject to Court approval, as

follows:

1. This action, including all deadlines and hearings, is hereby stayed pending

resolution of the State Court Action;

2. Plaintiff and Defendants shall submit a brief Joint Status Report apprising the

Court of the status of the State Court Action on September 18, 2015, and continuing every three

months thereafter;

3. Within thirty (30) days after the expiration of the stay, the parties shall meet and

confer and submit a proposed scheduled to the Court for any further proceedings in this action;

and

4. By entering into this Stipulation, the parties do not waive any rights not

specifically addressed herein, including the right to file any motion that any party deems

appropriate, once this action is no longer stayed.

IT IS SO STIPULATED.

Dated: June 22, 2015 WILSON SONSINI GOODRICH & ROSATI

BORIS FELDMAN

ELIZABETH C. PETERSON

By: /s/ Elizabeth C. Peterson

Elizabeth C. Peterson

650 Page Mill Road

Palo Alto, California 94304-1050

Telephone: (650) 493-9300

Fax: (650) 565-5100

Case 4:15-cv-01334-YGR Document 40 Filed 06/26/15 Page 3 of 5
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STIPULATION AND []

ORDER STAYING ACTION

CASE NO. 5:15-CV-01334-RMW

-3-

Counsel for Defendants Larry Page, Sergey M.

Brin, Eric E. Schmidt, L. John Doerr, Diane B.

Greene, John L. Hennessy, Ann Mather, Paul S.

Otellini, K. Ram Shriram, Shirley M. Tilghman,

Michael J. Moritz, Arthur D. Levinson, Robert

Alan Eustace, Omid R. Kordestani, Jonathan J.

Rosenberg, Shona L. Brown, Arnnon Geshuri,

and Nominal Defendant Google Inc.

Dated: June 22, 2015 SCOTT+SCOTT, ATTORNEYS AT LAW, LLP

JOHN JASNOCH

By: /s/ John Jasnoch (with permission)

John Jasnoch

707 Broadway, Suite 1000

San Diego, California 92101

Telephone: (619) 233-4565

Fax: (619) 233-0508

SCOTT+SCOTT, ATTORNEYS AT LAW, LLP

JUDY SCOLNICK

THOMAS L. LAUGHLIN, IV

The Chrysler Building

405 Lexington Avenue, 40th Floor

New York, New York 10174

Telephone: (212) 223-6444

Fax: (212) 223-6334

Counsel for Plaintiff

I, Elizabeth C. Peterson, am the ECF user whose ID and password are being used to file

this STIPULATION AND [PROPOSED] ORDER STAYING ACTION. In compliance with

General Order 45, X.B., I hereby attest that John Jasnoch has concurred in this filing.

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Case 4:15-cv-01334-YGR Document 40 Filed 06/26/15 Page 4 of 5
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STIPULATION AND []

ORDER STAYING ACTION

CASE NO. 5:15-CV-01334-RMW

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[] ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED.

DATED:

THE HONORABLE RONALD M. WHYTE

UNITED STATES DISTRICT JUDGE

Case 4:15-cv-01334-YGR Document 40 Filed 06/26/15 Page 5 of 5