Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_01-cv-21029/USCOURTS-cand-5_01-cv-21029-14/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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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

In re NEXTCARD, INC. SECURITIES 

LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

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Master File No. C-01-21029-JF(PVT) 

CLASS ACTION

[PROPOSED] FINAL JUDGMENT AND 

ORDER OF DISMISSAL WITH PREJUDICE 

AS TO JEREMY LENT 

DATE: July 20, 2007 

TIME: 9:00 a.m. 

COURTROOM: The Honorable Jeremy Fogel

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*e-filed 7/23/07

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This matter came before the Court for hearing pursuant to an Order of this Court, dated April 

27, 2007, on the application of the Settling Parties for approval of the settlement set forth in the 

Stipulation of Settlement with Jeremy Lent dated as of April 18, 2007 (the “Stipulation”). Due and 

adequate notice having been given of the settlement as required in said Order, and the Court having 

considered all papers filed and proceedings held herein and otherwise being fully informed in the 

premises and good cause appearing therefore, IT IS HEREBY ORDERED, ADJUDGED AND 

DECREED that: 

1. This Judgment incorporates by reference the definitions in the Stipulation, and all 

terms used herein shall have the same meanings set forth in the Stipulation. 

2. This Court has jurisdiction over the subject matter of the Litigation and over all 

parties to the Litigation, including all Members of the Settlement Class. 

3. The Litigation and all claims contained therein, including all of the Released Claims, 

are dismissed with prejudice as to the Lead Plaintiffs and the other Members of the Settlement Class, 

and as against Jeremy Lent (“Lent”). The parties are to bear their own costs, except as otherwise 

provided in the Stipulation. 

4. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, 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, and is in the best interests of, the Lead Plaintiffs, the Settlement 

Class and each of the Settlement Class Members. This Court further finds the settlement set forth in 

the Stipulation is the result of arm’s-length negotiations between experienced counsel representing 

the interests of the Lead Plaintiffs, the Settlement Class Members and Lent. Accordingly, the 

settlement embodied in the Stipulation is hereby approved in all respects and shall be consummated 

in accordance with its terms and provisions. The Settling Parties are hereby directed to perform the 

terms of the Stipulation. 

5. Upon the Effective Date hereof, the Lead Plaintiffs and each of the Settlement Class 

Members, on behalf of themselves, their successors and assigns, and any other Person claiming (now 

or in the future) through or on behalf of them, shall be deemed to have, and by operation of the 

Judgment shall have, fully, finally, and forever released, relinquished and discharged all Released 

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Claims against Lent and his Related Parties, whether or not such Settlement Class Member executes 

and delivers a Proof of Claim and Release form. NextCard, E&Y, and the Remaining Defendants, 

and the claims asserted against them in the Litigation, are specifically excluded from this release. 

6. Upon the Effective Date hereof, Lent and his Related Parties shall be deemed to have, 

and by operation of this Judgment shall have, fully, finally, and forever released, relinquished and 

discharged each and all of the Settlement Class Members and Co-Lead Counsel from all claims 

(including Unknown Claims), arising out of, relating to, or in connection with the institution, 

prosecution, assertion, settlement or resolution of the Litigation or the Released Claims. 

7. The distribution of the Notice and the publication of the Summary Notice as provided 

for in the Order Preliminarily Approving Settlement with Jeremy Lent and Providing for Notice 

constituted the best notice practicable under the circumstances, including individual notice to all 

Members of the Settlement Class who could be identified through reasonable effort. Said Notice 

provided the best notice practicable under the circumstances of those proceedings and of the matters 

set forth therein, including the proposed settlement set forth in the Stipulation, to all Persons entitled 

to such notice, and said Notice fully satisfied the requirements of Federal Rule of Civil Procedure 

23, the requirements of due process, and any other applicable law. 

8. Any order entered regarding the attorneys’ expense application shall in no way 

disturb or affect this Final Judgment and shall be considered separate from this Final Judgment. 

9. 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: (a) is or may be 

deemed to be or may be used as an admission of, or evidence of, the validity of any Released Claim, 

or of any wrongdoing or liability of Lent; or (b) is or may be deemed to be or may be used as an 

admission of, or evidence of, any fault or omission of Lent in any civil, criminal or administrative 

proceeding in any court, administrative agency or other tribunal. Lent may file the Stipulation 

and/or the Judgment in any other action that may be brought against him 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 other theory of claim preclusion or issue preclusion or 

similar defense or counterclaim. 

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10. In accordance with Section 21D-4(f)(7)(A) of the Private Securities Litigation 

Reform Act of 1995, 15 U.S.C. §78u-4(f)(7)(A), every Person is hereby permanently barred, 

enjoined, and restrained from commencing, prosecuting, or asserting any claim for contribution 

against Lent and his Related Parties based upon, relating to, or arising out of the Released Claims. 

11. Without affecting the finality of this Judgment in any way, this Court hereby retains 

continuing jurisdiction over (a) implementation of this settlement and any award or distribution of 

the Settlement Fund, including interest earned thereon; (b) disposition of the Settlement Fund; 

(c) hearing and determining applications for attorneys’ fees and expenses in the Litigation; and (d) 

all parties hereto for the purpose of construing, enforcing and administering the Stipulation. 

12. The Court finds that during the course of the Litigation, the Settling Parties and their 

respective counsel at all times complied with the requirements of Federal Rule of Civil Procedure 

11. 

13. In the event that the settlement does not become effective in accordance with the 

terms of the Stipulation or the Effective Date does not occur, or in the event that the Settlement 

Fund, or any portion thereof, is returned to Lent, then this Judgment shall be rendered null and void 

to the extent provided by and in accordance with the Stipulation and shall be vacated and, in such 

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event, all orders entered and releases delivered in connection herewith shall be null and void to the 

extent provided by and in accordance with the Stipulation. 

IT IS SO ORDERED. 

DATED: __________________ ____________________________________________ 

 THE HONORABLE JEREMY FOGEL 

 UNITED STATES DISTRICT JUDGE 

 Submitted by: 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

JEFFREY W. LAWRENCE 

CHRISTOPHER P. SEEFER 

BING Z. RYAN 

100 Pine Street, Suite 2600 

San Francisco, CA 94111 

Telephone: 415/288-4545 

415/288-4534 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

WILLIAM S. LERACH 

JOY ANN BULL 

s/ Joy Ann Bull 

JOY ANN BULL 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

TAMARA J. DRISCOLL (pro hac vice) 

1700 Seventh Avenue, Suite 2260 

Seattle, WA 98101 

Telephone: 206-749-5544 

206-749-9978 (fax) 

7/20/07

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BERNSTEIN LITOWITZ BERGER & 

 GROSSMANN LLP 

DAVID R. STICKNEY 

NIKI L. MENDOZA 

RUSSELL F.A. RIVIERE 

12481 High Bluff Drive, Suite 300 

San Diego, CA 92130 

Telephone: 858/793-0070 

858/793-0323 (fax) 

Co-Lead Counsel for Lead Plaintiffs and the 

Class 

S:\Settlement\NextCard.set\FINAL JUDGMENT (LENT) 00043444.doc 

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CERTIFICATE OF SERVICE

I hereby certify that on July 13, 2007, I electronically filed the foregoing with the Clerk of 

the Court using the CM/ECF system which will send notification of such filing to the e-mail 

addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I have 

mailed the foregoing document or paper via the United States Postal Service to the non-CM/ECF 

participants indicated on the attached Manual Notice List. 

I further certify that I caused this document to be forwarded to the following designated 

Internet site at: http://securities.lerachlaw.com/. 

I certify under penalty of perjury under the laws of the United States of America that the 

foregoing is true and correct. Executed on July 13, 2007. 

 s/ Joy Ann Bull 

 JOY ANN BULL 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

655 West Broadway, Suite 1900 

San Diego, CA 92101-3301 

Telephone: 619/231-1058 

619/231-7423 (fax) 

E-mail:Joyb@lerachlaw.com

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