Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_14-cv-02571/USCOURTS-caed-2_14-cv-02571-4/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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JORDAN ETH (CA SBN 121617)

JEth@mofo.com 

JUDSON E. LOBDELL (CA SBN 146041)

JLobdell@mofo.com

MORRISON & FOERSTER LLP

425 Market Street

San Francisco, California 94105-2482

Telephone: 415.268.7000

Attorneys for Defendants

MARRONE BIO INNOVATIONS, INC., PAMELA G. 

MARRONE, JAMES B. BOYD, DONALD J. 

GLIDEWELL, ELIN MILLER, RANJEET BHATIA, 

PAMELA CONTAG, TIM FOGARTY, LAWRENCE 

HOUGH, JOSEPH HUDSON, LES LYMAN, 

RICHARD ROMINGER, SHAUGN STANLEY, SEAN 

SCHICKEDANZ

(Additional Counsel on Signature Page)

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SPECIAL SITUATIONS FUND III 

QP, L.P., AND SPECIAL 

SITUATIONS CAYMAN FUND, L.P, 

Individually and On Behalf of All 

Others Similarly Situated,

Plaintiffs,

vs.

MARRONE BIO INNOVATIONS, 

INC., PAMELA G. MARRONE, 

JAMES B. BOYD, DONALD J. 

GLIDEWELL, HECTOR ABSI, ELIN 

MILLER, RANJEET BHATIA, 

Master File No.: 2:14-cv-2571-

MCE-KJN

Chief Judge Morrison C. 

England, Jr.

CONSOLIDATED CLASS 

ACTION

STIPULATION AND ORDER 

(1) SETTING TIME FOR 

FILING OF AMENDED 

CONSOLIDATED CLASS 

ACTION COMPLAINT AND 

(2) ESTABLISHING 

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 1 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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PAMELA CONTAG, TIM 

FOGARTY, LAWRENCE HOUGH, 

JOSEPH HUDSON, LES LYMAN, 

RICHARD ROMINGER and 

SHAUGN STANLEY,

Defendants.

BRIEFING SCHEDULE FOR 

RESPONSIVE MOTION(S)

(caption continued on the following page)

JOANN N. MARTINELLI,

Individually and On Behalf of All 

Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, 

INC., PAMELA G. MARRONE, 

DONALD J. GLIDEWELL, and 

JAMES B. BOYD,

 Defendants.

PAUL SAUSMAN, Individually and 

On Behalf of All Others Similarly 

Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, 

INC., PAMELA G. MARRONE, 

DONALD J. GLIDEWELL, and 

JAMES B. BOYD,

Defendants.

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 2 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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SUSCHIA CHEN, Individually and On 

Behalf of All Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, 

INC., PAMELA G. MARRONE, 

DONALD J. GLIDEWELL, and 

JAMES B. BOYD,

Defendants.

(caption continued on the following page)

KENT OLDHAM, Individually and On 

Behalf of All Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, 

INC., JAMES B. BOYD, DONALD J. 

GLIDEWELL, PAMELA G. 

MARRONE, RANJEET BHATIA, 

TIM FOGARTY, LAWRENCE 

HOUGH, JOSEPH HUDSON, 

RICHARD ROMINGER, SEAN 

SCHICKEDANZ, SHAUGN 

STANLEY, PIPER JAFFRAY & CO., 

STIFEL, NICOLAUS & COMPANY, 

INCORPORATED, ROTH CAPITAL 

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 3 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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PARTNERS, LLC, and JEFFERIES 

LLC,

Defendants.

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 4 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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Lead Plaintiffs Special Situations Fund III QP, L.P. and Special Situations 

Cayman Fund, L.P. (“Lead Plaintiffs”) and Defendants Marrone Bio Innovations, 

Inc. (“MBII” or “the Company”), Pamela G. Marrone, James B. Boyd, Donald J. 

Glidewell, Hector Absi, Elin Miller, Ranjeet Bhatia, Pamela Contag, Tim Fogarty, 

Lawrence Hough, Joseph Hudson, Les Lyman, Richard Rominger, Shaugn 

Stanley, and Sean Schickedanz (collectively, “Defendants”), by and through their 

respective counsel hereby recite and stipulate, subject to the approval of the Court, 

the following as concerns (1) the filing of the initial consolidated class action 

complaint (the “Consolidated Complaint”) and the amended consolidated class 

action complaint (the “Amended Consolidated Complaint”), and (2) the briefing 

schedule for any responsive motions.

RECITALS

WHEREAS Lead Plaintiffs filed a class action complaint on November 3, 

2014 [Docket No. 1], alleging that Defendants engaged in conduct that violates 

the federal securities laws, specifically Sections 11 and 15 of the Securities Act of 

1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934;

WHEREAS the claims in this action are subject to the Private Securities 

Litigation Reform Act of 1995 (the “PSLRA”);

WHEREAS counsel for Defendants accepted service of the initial 

complaint on Defendants’ behalf, and the parties entered into a stipulation 

continuing the date by which Defendants must answer or otherwise respond to the 

complaint until after the Court issued an order pursuant to the PSLRA appointing

lead plaintiff(s) and lead counsel [Docket No. 13];

WHEREAS the parties further stipulated that counsel for Defendants would 

meet and confer with the Court-appointed lead counsel within twenty (20) days 

following the Court’s order appointing lead plaintiff(s) and lead counsel, to 

determine (i) whether the lead plaintiff(s) will file a Consolidated Complaint, (ii) 

establish a common response date for all defendants, including a briefing schedule 

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 5 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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on anticipated motions to dismiss, and (iii) establish a date by which to provide 

the Court with a Joint Status Report; 

WHEREAS by Order dated February 13, 2015 [Docket No. 18], this Court 

consolidated the actions denominated as Martinelli v. Marrone Bio Innovations, 

Inc., No. 2:14-cv-2055-MCE-KJN, Sausman v. Marrone Bio Innovations, Inc., 

No. 2:14-cv-2072-MCE-KJN, Chen v. Marrone Bio Innovations, Inc., 2:14-cv2105-MCE-KJN, Oldham v. Marrone Bio Innovations, Inc., 2:14-cv-2130-MCEKJN, and Special Situations Fund III QP, L.P. v. Marrone Bio Innovations, Inc., 

No. 2:14-cv-2571-MCE-KJN, designating No. 2:14-cv-2571 as the Master File 

and administratively closing all of the other consolidated cases;

WHEREAS by that same Order, the Court appointed Special Situations 

Fund III QP, L.P. and Special Situations Cayman Fund, L.P. as Lead Plaintiffs,

and Lowenstein Sandler LLP as Lead Counsel;

WHEREAS MBII has previously announced that the independent Audit 

Committee investigation of certain revenue recognition issues is substantially 

completed, and that, in light of the Audit Committee’s findings, MBII’s 

management is evaluating the necessity, nature and scope of any restatements to 

any of MBII’s financial statements previously filed with the Securities and 

Exchange Commission (“SEC”) (the “Financial Statement Review”);

WHEREAS Lead Plaintiffs intend to file a Consolidated Complaint, and 

Defendants have indicated that they intend to move to dismiss the Consolidated 

Complaint pursuant to Fed. R. Civ. P. 12 and any other applicable law;

WHEREAS pursuant to the PSLRA, 15 U.S.C. § 78u-4(b)(3)(B), all 

discovery in this consolidated class action is automatically stayed by operation of 

law;

WHEREAS by Order dated April 16, 2015 [Docket No. 27], this Court 

directed Lead Plaintiffs to file and serve the Consolidated Complaint no later than 

thirty (30) days after MBII announces the results of the Financial Statement 

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 6 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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Review and, if MBII does not announce the results of the Financial Statement 

Review by May 13, 2015, file and serve the Consolidated Complaint no later than 

June 1, 2015;

WHEREAS on April 23, 2015, MBII announced that (i) its Audit 

Committee concluded, after consultation with management, that certain financial 

statements should no longer be relied upon, and (ii) although the Company 

expects to restate certain of its previously filed financial statements, the 

Company’s evaluation process is ongoing and, accordingly, the Company cannot

at this time provide an estimate of the timing, extent, or effect of such restatement

(the “Restatement(s)”);

WHEREAS the Restatement(s) may impact the allegations in the 

Consolidated Complaint;

WHEREAS although Lead Plaintiffs may properly file the Consolidated 

Complaint at any time, undersigned counsel agree that the interests of justice 

would be best served by an order directing Lead Plaintiffs to file the Consolidated 

Complaint after MBII announces the results of the Restatement(s), so as to avoid 

the expense and delay that would be incurred by further amending the 

Consolidated Complaint should the Restatement(s) be announced while 

Defendants’ anticipated motion(s) to dismiss are being briefed;

WHEREAS by Order dated June 4, 2015 [Docket No. 33], this Court 

directed Lead Plaintiffs to file and serve the Consolidated Complaint no later than 

sixty (60) days after MBII announces the Restatement(s);

WHEREAS notwithstanding the foregoing, Lead Plaintiffs expect to file an 

initial Consolidated Complaint on or about September 3, 2015 in order to preserve 

certain claims from expiration under any applicable statutes of limitation, which 

will be further amended by the Amended Consolidated Complaint no later than 

sixty (60) days after MBII announces the Restatement(s).

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 7 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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WHEREAS, given Lead Plaintiffs’ intent to amend the initial Consolidated 

Complaint by filing the Amended Consolidated Complaint, the parties agree that 

defendants need not respond to the initial Consolidated Complaint. Defendants

expressly preserve and do not waive any and all defenses.

STIPULATION

THEREFORE, IT IS HEREBY STIPULATED AND AGREED by Lead 

Plaintiffs and Defendants, through their respective counsel of record, as follows:

1. Lead Plaintiffs will file and serve an initial Consolidated Complaint 

on or about September 3, 2015 asserting, among other things, certain claims under 

Section 11 of the Securities Act of 1933. Such complaint shall be amended by the 

subsequent filing of the Amended Consolidated Complaint contemplated herein.

2. Defendants shall have no obligation to respond to such initial 

Consolidated Complaint.

3. Lead Plaintiffs shall file and serve the Amended Consolidated 

Complaint no later than sixty (60) days after MBII announces the Restatement(s).

4. Defendants shall file and serve any responsive pleading(s) or 

motion(s) to dismiss no later than sixty (60) days after the filing and service of the 

Amended Consolidated Complaint.

5. If a motion to dismiss is filed, Lead Plaintiffs shall file and serve 

their opposition brief(s) no later than forty-five (45) days after Defendants file and 

serve their motion(s) to dismiss.

6. Defendants shall file and serve their reply(ies) in further support of 

the motion(s) to dismiss no later than twenty-one (21) days after Lead Plaintiffs 

file and serve their opposition brief(s).

7. In the event Defendants’ motion(s) to dismiss are denied in whole or 

in part, Lead Plaintiffs and Defendants shall meet and confer within forty-five 

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 8 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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(45) days of the Court’s disposition of Defendants’ motion(s) to dismiss to address 

the discovery-related topics set forth in the Court’s Order Requiring Joint Status 

Report and will thereafter submit to the Court a Rule 26(f) discovery plan 

consistent with that Order.

DATED: September 2, 2015 MORRISON & FOERSTER LLP

By: /s/Judson E. Lobdell

Judson E. Lobdell

JLobdell@mofo.com

Jordan Eth

JEth@mofo.com

Morrison & Foerster LLP

425 Market Street

San Francisco, CA 94105

Telephone: 415-268-7000

Facsimile: 415-268-7522

Counsel for Defendants Marrone Bio 

Innovations, Inc., Pamela G. 

Marrone, James B. Boyd, Donald J. 

Glidewell, Elin Miller, Ranjeet 

Bhatia, Pamela Contag, Tim Fogarty, 

Lawrence Hough, Joseph Hudson, 

Les Lyman, Richard Rominger, 

Shaugn Stanley, and Sean 

Schickedanz

 LOWENSTEIN SANDLER LLP

By: /s/ Michael J. McGaughey

(As authorized on September 2, 2015)

Michael J. McGaughey (198617)

Lowenstein Sandler LLP

390 Lytton Avenue

Palo Alto, CA 94301

Telephone: 415-288-4545

Fax: 415-288-4534 

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 9 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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mmcgaughey@lowenstein.com

Lawrence M. Rolnick (pro hac vice) Steven M. Hecht (pro hac vice) Thomas E. Redburn, Jr. (pro hac vice) Lowenstein Sandler LLP

1251 Avenue of the Americas

New York, NY 10020 -and- 65 Livingston Avenue

Roseland, NJ 07068

Telephone: 212-262-6700

Fax: 973-597-2400

lrolnick@lowenstein.com

shecht@lowenstein.com

tredburn@lowenstein.com

Counsel for Lead Plaintiffs Special 

Situations Fund III QP, L.P. and 

Special Situations Cayman Fund, 

L.P.

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 10 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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BROWNSTEIN HYATT FARBER 

SCHRECK LLP

By: /s/ Jonathan C. Sandler

(As authorized on September 2, 2015)

Jonathan C. Sandler

2049 Century Park East, Suite 3550

Los Angeles, CA 90067

Telephone: 310-500-4600

Facsimile: 310-500-4602

Counsel for Defendant Hector Absi

Case 2:14-cv-02571-MCE-KJN Document 37 Filed 09/09/15 Page 11 of 13
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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ORDER

Pursuant to the above stipulation, it is hereby ordered as follows:

1. Lead Plaintiffs will file and serve an initial Consolidated Complaint 

on or about September 3, 2015 asserting, among other things, certain 

claims under Section 11 of the Securities Act of 1933. Such 

complaint shall be amended by the subsequent filing of the Amended 

Consolidated Complaint contemplated herein.

2. Defendants shall have no obligation to respond to such initial 

Consolidated Complaint.

3. Lead Plaintiffs shall file and serve the Amended Consolidated 

Complaint no later than sixty (60) days after MBII announces the Restatement(s).

4. Defendants shall file and serve any responsive pleading(s) or 

motion(s) to dismiss no later than sixty (60) days after the filing and service of the 

Amended Consolidated Complaint.

5. If a motion to dismiss is filed, Lead Plaintiffs shall file and serve 

their opposition brief(s) no later than forty-five (45) days after Defendants file and 

serve their motion(s) to dismiss.

6. Defendants shall file and serve their reply(ies) in further support of 

the motion(s) to dismiss no later than twenty-one (21) days after Lead Plaintiffs 

file and serve their opposition brief(s).

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STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF AMENDED CONSOLIDATED CLASS ACTION COMPLAINT

AND (2) ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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7. In the event Defendants’ motion(s) to dismiss are denied in whole or 

in part, Lead Plaintiffs and Defendants shall meet and confer within forty-five 

(45) days of the Court’s disposition of Defendants’ motion(s) to dismiss to address 

the discovery-related topics set forth in the Court’s Order Requiring Joint Status 

Report and will thereafter submit to the Court a Rule 26(f) discovery plan 

consistent with that Order.

IT IS SO ORDERED.

Dated: September 8, 2015

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