Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_15-cv-00265/USCOURTS-cand-3_15-cv-00265-7/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 12:22 Securities Fraud

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STIPULATION

LEVI & KORSINSKY LLP

NICHOLAS I. PORRITT

ADAM M. APTON

1101 30th Street N.W., Suite 115

Washington, D.C. 20007

Tel: (202) 524-4290

Fax: (202) 333-2121

nporrit@zlk.com

aapton@zlk.com

Attorneys for Lead Plaintiff Henry Low

and Lead Counsel for Class

[Additional Counsel Listed on Signature Page]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

IN RE ENERGY RECOVERY INC.

SECURITIES LITIGATION

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Master File No. 

3:15-cv-00265-EMC

CLASS ACTION

STIPULATION AND [PROPOSED] 

ORDER TO CONTINUE 

SCHEDULING CONFERENCE

Hon. Edward M. Chen

Case 3:15-cv-00265-EMC Document 94 Filed 03/11/16 Page 1 of 5
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1

STIPULATION

STIPULATION

WHEREAS, this case is a putative class action brought under the Securities Exchange Act 

of 1934 (the “Exchange Act”); 

WHEREAS, Section 21D(b)(3)(B) of the Exchange Act, 15 U.S.C. §78u-4(b)(3)(B), 

provides for a mandatory and automatic stay of “all discovery and other proceedings” during the 

pendency of any motion to dismiss brought in this matter; 

WHEREAS, on October 9, 2015, Lead Plaintiff Henry Low (“Plaintiff”) filed the Amended 

Class Action Consolidated Complaint for Violation of the Federal Securities Laws (the 

“Complaint”); 

WHEREAS, Defendants Energy Recovery, Inc., Thomas Rooney, and Audrey Bold 

(collectively, “Defendants”) filed a motion to dismiss the Complaint on November 9, 2015; and

WHEREAS, the Court granted in part and denied in part Defendants’ motion to dismiss on 

January 27, 2016, granting Plaintiff leave to amend; 

WHEREAS, Plaintiff anticipates filing an amended complaint, which is currently due on or 

before May 29, 2016 pursuant to the Court’s Order dated February 11, 2016; 

WHEREAS, Defendants anticipate moving to dismiss Plaintiff’s forthcoming amended 

complaint; 

WHEREAS, Plaintiff is currently seeking to intervene in the related action styled Barnes v. 

Energy Recovery, Inc., et al., Case No. 16-cv-00477-EMC (the “Barnes Action”), and oppose 

Energy Recovery, Inc.’s, Motion for Order Directing Plaintiff and Plaintiff’s Counsel to Return 

Defendant Energy Recovery, Inc.’s Documents; 

WHEREAS, the Court in the Barnes Action referred Energy Recovery, Inc.’s, motion and 

Plaintiff’s motion to intervene to Magistrate Judge Laurel Beeler pursuant to its Order dated March 

7, 2016; 

WHEREAS, Magistrate Judge Laurel Beeler has not yet set a hearing date for the pending 

motions in the Barnes Action; 

Case 3:15-cv-00265-EMC Document 94 Filed 03/11/16 Page 2 of 5
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STIPULATION

WHEREAS, the Court has set a Case Management Conference to be held on March 17, 

2016, at 9:30 a.m., and has directed the parties to file a Case Management Statement on or before 

March 10, 2016 (ECF No. 79);

WHEREAS, in light of Plaintiff’s forthcoming amended complaint and Defendants’ 

anticipated motion to dismiss, the parties respectfully submit that it would be premature to set a case 

schedule or develop a discovery plan at this stage of the proceedings; and 

WHEREAS, the parties therefore respectfully request that the Court continue the Case 

Management Conference to take place only after challenges to the pleadings are resolved.

NOW, THEREFORE, THE PARTIES HEREBY STIPULATE AND AGREE, subject to 

the Court’s approval, that:

1. The Case Management Conference, currently set for March 17, 2016 at 9:30 a.m., 

shall be taken off calendar.

2. The Case Management Conference will be rescheduled by the Court following the 

resolution of challenges to the pleadings. 

IT IS SO STIPULATED.

Dated: March 10, 2016 NICHOLAS I. PORRITT

ADAM M. APTON

1101 30th Street N.W., Suite 115

Washington, D.C. 20007

Tel: (202) 524-4290

Fax: (202) 333-2121

By: s/ Adam Apton 

Adam M. Apton

PUNZALAN LAW, P.C.

MARK PUNZALAN

600 Allerton St., Suite 201

Redwood City, CA 94063

Attorneys for Lead Plaintiff Henry Low and 

Lead Counsel for Class

Case 3:15-cv-00265-EMC Document 94 Filed 03/11/16 Page 3 of 5
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STIPULATION

Dated: March 10, 2016 PILLSBURY WINTHROP SHAW PITTMAN LLP

DAVID M. FURBUSH

2550 Hanover Street

Palo Alto, CA 94304-1115

By: s/ James Lindfelt 

 James M. Lindfelt

Attorneys for Defendant Energy Recovery, Inc., 

Thomas Rooney Jr. and Audrey Bold

Case 3:15-cv-00265-EMC Document 94 Filed 03/11/16 Page 4 of 5
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[PROPOSED] ORDER

[PROPOSED] ORDER

Upon review of the parties’ Stipulation to Continue the Case Management Conference, and 

good cause appearing therefore,

IT IS HEREBY ORDERED AS FOLLOWS:

1. The Case Management Conference, currently set for March 17, 2016 at 9:30 a.m., is 

taken off the calendar.

2. The Case Management Conference will be rescheduled by the Court following the 

resolution of challenges to the pleadings. 

IT IS SO ORDERED.

DATED: _________________ ______________________________________

HON. EDWARD M. CHEN

UNITED STATES DISTRICT JUDGE

4831-9865-9883, v. 1

is reset for July 28,2016 at 9:30 a.m. An updated joint 

CMC statement shall be filed by July 21, 2016. 3/11/16

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

AS MODIFIED

Judge Edward M. Chen

Case 3:15-cv-00265-EMC Document 94 Filed 03/11/16 Page 5 of 5