Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_14-cv-02571/USCOURTS-caed-2_14-cv-02571-5/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 SECOND CONSOLIDATED AMENDED 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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LOWENSTEIN SANDLER LLP

Michael J. McGaughey (198617)

390 Lytton Avenue

Palo Alto, CA 94301

Telephone: (213) 426-2170

Fax: (973) 597-6233W 

mmcgaughey@lowenstein.com

(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, and DAVID M. FINEMAN, 

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, PAMELA CONTAG, TIM 

FOGARTY, LAWRENCE HOUGH, 

JOSEPH HUDSON, LES LYMAN, 

RICHARD ROMINGER, SHAUGN 

STANLEY, SEAN SCHICKEDANZ, and 

ERNST & YOUNG, LLP,

Defendants.

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 

SECOND CONSOLIDATED 

AMENDED CLASS ACTION 

COMPLAINT AND (2) 

ESTABLISHING BRIEFING 

SCHEDULE FOR RESPONSIVE 

MOTION(S)

(caption continued on the following page)

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 1 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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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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.

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)

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 2 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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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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 

PARTNERS, LLC, and JEFFERIES LLC,

Defendants.

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 3 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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”), additional named Plaintiff David M. Fineman (“Fineman and, 

together with Lead Plaintiffs, “Plaintiffs”), 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, Sean Schickedanz (the “D&O Defendants” and, 

collectively with MBII, the “MBII Defendants”), and Ernst & Young LLP (“EY”) (collectively 

with the MBII Defendants, “Defendants”), by and through their undersigned counsel, hereby 

recite and stipulate, subject to the approval of the Court, the following as concerns (1) the filing 

of an initial consolidated class action complaint and a Second Consolidated Amended Class 

Action Complaint (the “Second Consolidated Amended Class Action 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];

WHEREAS counsel for the MBII Defendants accepted service of the initial complaint 

on the MBII Defendants’ behalf, and the parties entered into a stipulation continuing the date by 

which the MBII 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 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-cv-2105-MCE-KJN, Oldham v. Marrone Bio Innovations, 

Inc., 2:14-cv-2130-MCE-KJN, 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;

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 4 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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 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 by Order dated April 16, 2015 [Docket No. 27], this Court approved the 

parties’ Stipulation (1) Setting Time for Filing of Consolidated Class Action Complaint and (2) 

Establishing Briefing Schedule for Responsive Motion(s) directed Lead Plaintiffs to file and 

serve a consolidated complaint no later than thirty (30) days after MBII announces the results of 

a review of its financial statements, if any, and, if MBII does not so announce by May 13, 2015, 

file and serve a 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 by Order dated June 4, 2015 [Docket No. 33], this Court approved the 

parties’ revised Stipulation (1) Setting Time for Filing of Consolidated Class Action Complaint 

and (2) Establishing Briefing Schedule for Responsive Motion(s) and directed Lead Plaintiffs to 

file and serve a consolidated complaint no later than sixty (60) days after MBII announces the 

Restatement(s);

WHEREAS notwithstanding the foregoing, Lead Plaintiffs and Fineman (collectively, 

“Plaintiffs”) filed a Consolidated Amended Class Action Complaint on or about September 1, 

2015 [Docket No. 35], in order to preserve certain claims from expiration under any applicable 

statutes of limitations;

WHEREAS by Order dated September 9, 2015, this Court approved the parties’ 

Stipulation (1) Setting Time for Filing of Amended Consolidated Class Action Complaint and 

(2) Establishing Briefing Schedule for Responsive Motion(s) [Docket No. 37];

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 5 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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 pursuant to the stipulation of the parties, and in light of Plaintiffs’ intent to 

amend the Consolidated Amended Class Action Complaint in light of the Restatement(s), this 

Court ordered that the MBII Defendants have no obligation to respond to the Consolidated 

Amended Class Action Complaint;

WHEREAS the Consolidated Amended Class Action Complaint named EY as an 

additional defendant;

WHEREAS given Plaintiffs’ intent to amend the Consolidated Amended Class Action 

Complaint by filing a Second Consolidated Amended Class Action Complaint in light of the 

Restatement(s), the parties agree that EY need not respond to the Consolidated Amended Class 

Action Complaint;

WHEREAS the parties further agree that the interests of justice would be best served by 

an order providing that the MBII Defendants and EY shall only be obligated to respond to the 

Second Consolidated Amended Class Action Complaint, and shall both respond to the Second 

Consolidated Amended Class Action Complaint on the schedule previously stipulated to; that is 

to say, 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 Second Consolidated Amended Class 

Action Complaint; 

WHEREAS Defendants expressly preserve, and do not waive any and all defenses.

WHEREAS the statements made in this Stipulation are for the purposes of this 

Stipulation alone and are not otherwise admissible for any other purpose.

STIPULATION

THEREFORE, IT IS HEREBY STIPULATED AND AGREED by Plaintiffs and 

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

1. Defendants shall have no obligation to respond to the Consolidated Amended 

Class Action Complaint.

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 6 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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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2. Plaintiffs shall file and serve the Second Consolidated Amended Class Action 

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

3. 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 Second Consolidated 

Amended Class Action Complaint.

4. If a motion to dismiss is filed, 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.

5. 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 Plaintiffs file and serve their opposition 

brief(s).

6. The discovery-related topics set forth in the Court’s Order requiring a Joint 

Status Report shall be addressed within 45 days of the Court’s disposition of Defendants’ 

motion(s) to dismiss, in a manner in conformity with the stay provisions of the Private 

Securities Litigation Reform Act of 1995.

DATED: November 10, 2015 LOWENSTEIN SANDLER LLP

By: /s/ Michael J. McGaughey

Michael J. McGaughey (198617)

Lowenstein Sandler LLP

390 Lytton Avenue

Palo Alto, CA 94301

Telephone: (213) 426-2170

Fax: (973) 597-6233

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

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 7 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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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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.

MORRISON & FOERSTER LLP

By: /s/ Judson E. Lobdell

(As authorized on November 10, 2015)

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

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 8 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF SECOND CONSOLIDATED AMENDED 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 November 10, 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

MAYER BROWN LLP

By ________/s/ Elizabeth Mann________

(As authorized on November 9, 2015)

Elizabeth Mann

350 S. Grand Avenue, 25th Floor

Los Angeles, CA 90071

Telephone: (213) 229-9500

Facsimile: (213) 625-0248

Stanley J. Parzen

Dana S. Douglas

71 S. Wacker Drive

Chicago, IL 60606

Telephone: (312) 782-0600

Facsimile: (312) 701-7711

Counsel for Defendant Ernst & Young LLP

Pursuant to the parties’ stipulation, IT IS SO ORDERED.

Dated: November 30, 2015

Case 2:14-cv-02571-MCE-KJN Document 41 Filed 12/01/15 Page 9 of 9