Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_07-cv-01401/USCOURTS-cand-4_07-cv-01401-0/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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ORDER 

CASE NOS. C07-0872-SBA AND C07-1401-SBA 

SCHIFFRIN BARROWAY 

 TOPAZ & KESSLER, LLP 

Alan R. Plutzik, of Counsel (Bar No. 077785) 

2125 Oak Grove Road, Suite 120 

Walnut Creek, California 94598 

Phone: 925-945-0770 

Fax: 925-945-8792 

-andLee D. Rudy 

Michael J. Hynes 

Tara P. Kao 

280 King of Prussia Road 

Radnor, PA 19087 

Phone: (610) 667-7706 

Fax: (610) 667-7056 

Counsel for Plaintiffs 

Trudy Murray and Gerald Redwing 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

TRUDY MURRAY, individually on behalf of all 

others similarly situated, and derivatively on 

behalf of Nominal Defendant, 

EMBARCADERO TECHNOLOGIES, INC., 

 Plaintiff, 

 v. 

STEPHEN R. WONG, et. al., 

 Defendants. 

 Case No. C07-0872-SBA 

FINAL ORDER 

GERALD E. REDWING, derivatively on behalf 

of EMBARCADERO TECHNOLOGIES, INC.,

 Plaintiff, 

 v. 

STEPHEN R. WONG, et. al., 

 Defendants. 

 

Case No. C07-1401-SBA 

Case 4:07-cv-01401-SBA Document 18 Filed 02/19/08 Page 1 of 5
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ORDER 

CASE NOS. C07-0872-SBA AND C07-1401-SBA 

Plaintiffs Trudy Murray and Gerald Redwing (“Plaintiffs”), on behalf of themselves and 

each of the members of the Class (as defined in the Stipulation), and Nominal Defendant 

Embarcadero Technologies, Inc. (“Embarcadero” or the “Company”), Stephen R. Wong, Timothy 

C.K. Chou, Gary E. Haroian, Robert Lamvik, Frank M. Polestra, Michael J. Roberts, Raj P. 

Sabhlok, Walter F. Scott, III, Samuel T. Spadafora, Dennis J. Wong, Stephen C. Ferruolo and 

Michael Shahbazian (collectively, the “Individual Defendants,” and together with Embarcadero, 

the “Defendants,” together with the Plaintiffs, the “Parties”), having filed a motion for final 

approval of the Stipulation of Settlement (the “Stipulation”) and the settlement contained therein 

(the “Settlement”) entered into by the Parties on or about September 26, 2007; said motion having 

come on for hearing before the above-entitled Court; the Court having reviewed and considered all 

documents, evidence, objections (if any) and arguments presented in support of or against said 

motion; the Court being fully advised of the premises and good cause appearing therefore, the 

Court enters this Final Order (the “Final Order”) and, subject to final determination by the Court as 

to the fairness, reasonableness, and adequacy of the Settlement, finds and orders as follows: 

1. Unless otherwise stated herein, all capitalized terms contained in this Final Order 

shall have the same meaning and effect as stated in the Stipulation. 

2. This Court has jurisdiction over the subject matter of the Federal Actions and over 

all parties to the Federal Actions, including the Class. 

3. The Court certifies a non-opt-out Class pursuant to FED. R. CIV. P. 23(a) and (b)(2) 

consisting of the following: 

all holders of Embarcadero common stock and their successors in interest and 

transferees, immediate and remote, from April 4, 2007 through June 22, 2007, other 

than Defendants. 

4. With respect to the Class, this Court finds and concludes that the prerequisites for a 

class action and non-opt-out Class have been satisfied in that: (a) the Class is so numerous that 

joinder of all members is impracticable; (b) there are questions of law or fact common to the Class 

which predominate over any individual questions; (c) the claims of the Plaintiffs are typical of the 

claims of the Class; (d) the Plaintiffs and Plaintiffs’ Counsel have fairly and adequately protected 

the interests of the Class; and (e) the predominant relief sought for the Class involves the uniform 

Case 4:07-cv-01401-SBA Document 18 Filed 02/19/08 Page 2 of 5
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ORDER 

CASE NOS. C07-0872-SBA AND C07-1401-SBA 

group remedies of injunctive and declaratory relief and such relief is applicable and appropriate 

with respect to the Class as a whole. 

5. This Court hereby appoints counsel for Plaintiffs Trudy Murray and Gerald 

Redwing, Schiffrin Barroway Topaz & Kessler, LLP, as class counsel under Fed. R. Civ. P. 23(g). 

6. This Court hereby approves the Settlement set forth in the Stipulation and finds that 

said Settlement is, in all respects, fair, reasonable, and adequate to each of the Parties, and the 

Parties are hereby directed to perform the terms of said Settlement. 

7. This Court hereby dismisses the Federal Actions against the Defendants with 

prejudice and without costs to Defendants, except as otherwise provided below. 

8. Upon the Effective Date hereof, Plaintiffs and all members of the Class, together 

with their legal representatives, agents, heirs, successors in interest, transferees, and assigns, shall 

be deemed to have and by operation of the judgment shall have, fully, finally, and forever released, 

relinquished, and discharged all Released Claims against the Released Parties. Upon the Effective 

Date hereof, Plaintiffs and all members of the Class, or any of them, are barred and enjoined from 

commencing, prosecuting, instigating or in any way participating in the commencement or 

prosecution of any action asserting any Released Claims, either directly, representatively, 

derivatively, or in any other capacity, against any Released Party, that have been or could have 

been asserted in the Actions, or that arise out of or relate in any way to the Merger or the Merger 

Agreement. Upon the Effective Date, each of the Released Parties shall be deemed to have, and by 

operation of the judgment shall have, fully, finally, and forever released, relinquished, and 

discharged all claims (including unknown claims), arising out of, relating to, or in connection with 

the institution, prosecution, assertion, settlement, or resolution of the Actions or the Released 

Claims against Plaintiff and Plaintiffs’ Counsel. 

9. Individual notice was disseminated to all members of the Class who could be 

identified through reasonable effort as the Court directed in the Preliminary Order. 

10. The Court hereby approves the Fees and Expenses award in the amount of nine 

hundred thousand dollars and no cents ($900,000.00). Embarcadero or its successor(s) in interest 

Case 4:07-cv-01401-SBA Document 18 Filed 02/19/08 Page 3 of 5
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ORDER 

CASE NOS. C07-0872-SBA AND C07-1401-SBA 

is directed to pay to Plaintiffs’ Counsel the Fees and Expenses award in accordance with the terms 

of the Stipulation. 

11. During the course of the litigation of the Actions, all Parties and their counsel acted 

in good faith, and complied with Rule 11 of the Federal Rules of Civil Procedure and comparable 

state law and rules of professional responsibility. 

12. Neither the Stipulation nor the Settlement contained therein, nor any act performed 

or document executed pursuant to or in furtherance of the Stipulation or the Settlement, is or may 

be deemed to be or may be used as: (a) an admission of, or evidence of, the validity of any 

Released Claim, or any wrongdoing or liability of the Defendants, or the Court’s jurisdiction over 

the Released Parties for purpose of the Released Claims or for any other purpose; (b) an admission 

or concession by Plaintiffs or any member of the Class of any infirmity in the claims asserted in the 

Complaints; or (c) an admission of, or evidence of, any fault or omission of any of the Released 

Parties in any civil, criminal, or administrative proceeding in any court, administrative agency, or 

other tribunal. Released Parties may file the Stipulation and/or this Final Order in any action that 

may be brought against them in order to support a defense or counterclaim based on principles of 

res judicata, collateral estoppel, release, good faith settlement, judgment bar or reduction or any 

theory of claim preclusion or issue preclusion or similar defense or counterclaim. 

13. Without affecting the finality of this Final Order in any way, this Court hereby 

retains continuing jurisdiction over (a) implementation of this Settlement and (b) all Parties hereto 

for the sole purpose of construing, enforcing and administering the Stipulation, and the Parties 

agree that any such dispute shall be heard by a Magistrate Judge of this Court. 

14. In the event that the Settlement does not become effective in accordance with the 

terms of the Stipulation, then this Final Order shall be rendered null and void to the extent provided 

by and in accordance with the Stipulation and shall be vacated and, in such event, all orders entered 

/ / / / 

/ / / / 

/ / / / 

Case 4:07-cv-01401-SBA Document 18 Filed 02/19/08 Page 4 of 5
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CASE NOS. C07-0872-SBA AND C07-1401-SBA 

and releases delivered in connection herewith shall be null and void to the extent provided by and 

in accordance with the Stipulation. 

15. All matters calendared in this action are vacated. The Clerk shall close the file and 

terminate any pending matters. 

IT IS SO ORDERED. 

DATED: February 15, 2008 

 ________________________________________________ 

 THE HONORABLE SAUNDRA BROWN ARMSTRONG 

UNITED STATES DISTRICT COURT JUDGE 

Case 4:07-cv-01401-SBA Document 18 Filed 02/19/08 Page 5 of 5