Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_06-cv-04908/USCOURTS-cand-5_06-cv-04908-7/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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Stipulation and [Proposed] Order Staying 

Derivative Action 

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GREEN WELLING, LLP 

Robert S. Green, Esq. (SBN 136183) 

Charles D. Marshall, Esq. (SBN 236444) 

595 Market St., Suite 2750 

San Francisco, CA 94105 

Telephone: (415) 477-6700 

Facsimile: (415) 477-6710 

FEDERMAN & SHERWOOD 

William B. Federman, Esq. (Admitted Pro Hac Vice) 

10205 North Pennsylvania Avenue 

Oklahoma City, OK 73120 

Telephone: (405) 235-1560 

Facsimile: (405) 239-2112 

Attorneys for Plaintiffs 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

LEO J. BIERMANN and ANDREW I. SMITH, 

Derivatively on Behalf of FOXHOLLOW 

TECHNOLOGIES, INC., 

 Plaintiffs, 

v. 

TOMOAKI HINOHARA, RYAN D. DRANT, 

JEFFREY B. CHILD, JOHN B. SIMPSON, 

SANFORD FITCH, ROBERT W.THOMAS, 

RICHARD M. FERRAI AND MYRTLE S. 

POTTER 

 Defendants, 

and 

FOXHOLLOW TECHNOLOGIES, INC., 

 Nominal Defendant. 

Case No. C-06-4908 JW RS 

STIPULATION AND [PROPOSED] 

ORDER STAYING DERIVATIVE 

ACTION 

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

DENIED

Judge James Ware

ORDER DENYING STIPULATION 

STAYING DERIVATIVE ACTION

Case 5:06-cv-04908-JW Document 29 Filed 10/26/07 Page 1 of 5
Stipulation and [Proposed] Order Staying 

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WHEREAS, the parties stipulated to a briefing schedule entered by the Court on November 

8, 2006, providing that, among other things, Plaintiffs would file an amended complaint no later than 

January 5, 2007, Defendants would file an Answer or other responsive pleading within 60 days of 

the filing of Plaintiffs’ amended complaint; if the Defendants file a motion to dismiss, Plaintiffs 

would file its opposition thereto within 60 days of service of Defendants’ motion to dismiss; 

Defendants would file any reply thereto within 30 days after the service of Plaintiffs’ opposition; and 

the Case Management Conference should be continued until 30 days after the Court’s ruling on the 

motion to dismiss; 

 WHEREAS Plaintiffs filed an Amended Complaint on January 5, 2007; 

 

WHEREAS Defendants filed a Motion to Dismiss on March 6, 2007; 

WHEREAS, the parties stipulated to a briefing schedule entered by the Court on May 7, 2007 

providing that, among other things, Plaintiffs would file their Opposition to Defendants’ Motion to 

Dismiss on or before June 11, 2007; Defendants would file any reply thereto on or before July 11, 

2007; Defendants’ Motion to Dismiss would be heard on September 10, 2007; and the Case 

Management Conference would be postponed until thirty days after the Court’s ruling on the 

Defendants’ Motion to Dismiss; 

WHEREAS, the parties stipulated to a briefing schedule entered by the Court on June 11, 

2007 providing that, among other things, Plaintiffs would file their Opposition to Defendants’ 

Motion to Dismiss on or before July 25, 2007; Defendants’ would file their Reply to Plaintiffs’ 

Opposition to Defendants’ Motion to Dismiss on or before August 24, 2007; Defendants’ Motion to 

Dismiss would be heard on October 15, 2007 at 9:00am; and the Case Management Conference 

would be postponed until thirty days after the Court’s ruling on the Defendants’ Motion to Dismiss; 

WHEREAS, the parties stipulated to a briefing schedule entered by the Court on July 26, 

2007 providing that, among other things, Plaintiffs would file their Opposition to Defendants’ 

Case 5:06-cv-04908-JW Document 29 Filed 10/26/07 Page 2 of 5
Stipulation and [Proposed] Order Staying 

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Motion to Dismiss on or before September 4, 2007; Defendants would file their Reply to Plaintiffs’ 

Opposition to Defendants Motion to Dismiss on or before October 1, 2007; Defendants Motion to 

Dismiss would be heard on October 15, 2007 at 9:00am; and the Case Management Conference 

would be postponed until thirty days after the Court’s ruling on the Defendants’ Motion to Dismiss; 

WHEREAS, the parties stipulated to a briefing schedule entered by the Court on September 

5, 2007 providing that, among other things, Plaintiffs shall file their Opposition to Defendants’ 

Motion to Dismiss on or before October 29, 2007; Defendants will file their Reply to Plaintiffs’ 

Opposition to Defendants’ Motion to Dismiss on or before November 19, 2007; Defendants’ Motion 

to Dismiss shall be heard on December 10, 2007 at 9:00am; and the Case Management Conference 

shall be postponed until thirty days after the Court’s ruling on the Defendants’ Motion to Dismiss; 

 WHEREAS, pending before this Court is a parallel securities class action, In Re FoxHollow 

Technologies Inc. Securities Litigation, Master File No. C-06-4595-PJH. On September 10, 2007, 

this Court entered an Order granting defendants’ motion to dismiss without prejudice. Class 

plaintiffs were granted leave to amend and may file a first amended complaint on or before October 

19, 2007. Defendants may file any response thereto on or before November 19, 2007. 

WHEREAS, the parties in this action have met and conferred and agree that to conserve the 

resources of the Court and the parties, it will be most efficient to defer all proceedings in this action 

and to continue all responsive dates pending this Court’s ruling on Defendants’ motion to dismiss 

the first amended complaint in the parallel securities class action; 

WHEREAS, by entering into this stipulation, the parties do not waive any of their rights not 

specifically addressed herein; 

IT IS THEREFORE STIPULATED by and between the parties, through their respective 

counsel of record: 

Case 5:06-cv-04908-JW Document 29 Filed 10/26/07 Page 3 of 5
Stipulation and [Proposed] Order Staying 

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1. All proceedings in this action are deferred, and all responsive dates continued, 

pending the ruling by this Court on the defendants’ motion to dismiss plaintiffs’ 

first amended complaint in the parallel securities case or until fifteen (15) days 

notice from any party or by Court order terminating the stay; and 

2. Upon expiration of the stay, the parties shall meet and confer regarding scheduling 

a case management conference and related issues. 

DATED: October 23, 2007 KEKER & VAN NEST, LLP 

By ___/s/ Paula L. Blizzard__________

 Paula L. Blizzard, Esq. 

 

 Attorneys for Defendants 

DATED: October 23, 2007 GREEN WELLING, LLP 

By ___/s/ Charles D. Marshall________

 Charles D. Marshall, Esq. 

 

 FEDERMAN & SHERWOOD 

 William B. Federman, Esq. 

 Attorneys for Plaintiffs 

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Stipulation and [Proposed] Order Staying 

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ORDER 

 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: October ______, 2007 

 ______________________________________ 

 THE HONORABLE JAMES WARE 

 UNITED STATES DISTRICT JUDGE 

 

 The Court DENIES the parties' Stipulation as the parties have been filing continuous 

Stipulations since the Court's November 8, 2006 original briefing scheduling Order. The Court 

invites the parties in for a Case Management Conference on November 13, 2007 at 11 A.M. 

The parties shall meet and confer and file a Joint Case Management Statement by November 2, 

2007. 

 Defendants' Motion to Dismiss is deemed as withdrawn from the Court's calendar. 

Dated: October 26, 2007 _____________________________ 

 JAMES WARE 

 United Sates District Judge 

Case 5:06-cv-04908-JW Document 29 Filed 10/26/07 Page 5 of 5