Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04088/USCOURTS-cand-4_04-cv-04088-0/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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STIPULATED [PROPOSED] PROTECTIVE ORDER RE DOCUMENTS PRODUCED BY ERNST & 

YOUNG L.L.P.

353114.01 CASE NO. C 04 4088 CW

KEKER & VAN NEST, LLP

STUART L. GASNER - #164675

ETHAN A. BALOGH - #172224

MICHAEL D. CELIO - #197998

 710 Sansome Street

San Francisco, CA 94111-1704

Telephone: (415) 391-5400

Facsimile: (415) 397-7188

Attorneys for Defendant

DOUGLAS WACHTEL

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

OAKLAND DIVISION

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff,

v.

JEREMY R. LENT, JOHN V. HASHMAN, 

YINZI CAI, DOUGLAS WACHTEL and 

BRUCE RIGIONE,

Defendant,

THE LENT FAMILY TRUST,

Relief Defendant.

Case No. C 04 4088 CW

STIPULATED PROTECTIVE ORDER RE 

DOCUMENTS PRODUCED BY ERNST & 

YOUNG L.L.P.

Case 4:04-cv-04088-CW Document 64 Filed 07/14/05 Page 1 of 5
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STIPULATED [PROPOSED] PROTECTIVE ORDER RE DOCUMENTS PRODUCED BY ERNST & 

YOUNG L.L.P.

353114.01 CASE NO. C 04 4088 CW

This agreement between Ernst & Young, LLP (“E&Y”), and the defendants in SEC v. 

Lent, et al. U.S.D.C. Case No. C 04 4088 CW, Jeremy Lent, the Lent Family Trust, Yinzi Cai, 

Bruce Rigione, John Hashman and Douglas Wachtel, (collectively, “Defendants”), is designed 

to facilitate E&Y’s production of documents in this litigation that are not in the public domain 

and are subject to legal protection as trade secret, confidential, private or proprietary financial 

information (“Confidential Information”). 

WHEREAS Defendant Wachtel has subpoenaed certain information from E&Y, and

WHEREAS E&Y has agreed to produce that information subject to Defendants agreeing 

to a suitable protective order, and

WHEREAS there is no protective order in place in this case, and

WHEREAS E&Y has specifically agreed to make available to Defendants a laptop 

computer loaded with the software and information relating to NextCard and NextBank, 

containing the same documents and the relevant software as the one E&Y has previously made 

available to the United States government, 

E&Y and Defendants therefore stipulate and the Court ORDERS as follows:

1. E&Y hereby designates its production of documents (including the laptop computer 

referred to above) in this litigation as “Confidential Information.” 

2. Confidential Information shall be disclosed only as provided herein. However, 

nothing in this Protective Order affects the rights of the Defendants to make any otherwise 

lawful use or disclosure of information or documents that have been designated Confidential 

Information in this action but that have been (a) obtained from sources other than E&Y’s 

production pursuant to this Order, or (b) publicly disclosed.

3. Confidential Information may be disclosed only to the following (subject to the 

provisions of paragraph 4, below):

a. the Court and its staff;

b. the parties to this litigation;

c. court reporters and videographers who record and/or transcribe 

depositions or other testimony in this action, and their support staff;

Case 4:04-cv-04088-CW Document 64 Filed 07/14/05 Page 2 of 5
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STIPULATED [PROPOSED] PROTECTIVE ORDER RE DOCUMENTS PRODUCED BY ERNST & 

YOUNG L.L.P.

353114.01 CASE NO. C 04 4088 CW

d. experts or independent consultants engaged by counsel to assist in this 

litigation, and fact witnesses being interviewed by counsel;

e. Counsel of record, and their respective support staffs as reasonably 

necessary, all of whom must be made aware of the terms of this Protective 

Order; 

f. Deposition witnesses;

g. Jurors

h. With respect to the laptop computer described above, access shall be 

limited to the parties (item “b” above”), counsel of record (item “e” 

above), and expert witnesses (item “d” above.) All persons provided 

access to the laptop computer at issue in this Stipulated Protective Order 

(“SPO”) will sign a copy of this SPO agreeing to be bound by it, and 

further agreeing that certain software on the laptop that is used to store, 

access and organize electronic workpapers contains E&Y trade secrets 

which cannot be misappropriated or used in any manner other than as set 

forth in this SPO.

4. Confidential Information produced by E&Y is to be used only for the purposes of this 

litigation. This expressly includes (but is not limited to) the use of Confidential Information at 

trial or in support of any motions (or oppositions, replies etc.) made during this litigation.

5. Defendants shall not be obligated to challenge the propriety of a designation of 

materials as Confidential Information at the time made, and a failure to do so shall not preclude a 

subsequent challenge. In the event that Defendants object at any time to the designation of 

material as Confidential Information, Defendants and E&Y first shall try to resolve the issue 

promptly and in good faith on an informal basis. If the dispute cannot be resolved, the objecting 

party may seek appropriate relief from the Court. The burden of proof will be as provided by 

law without regard to the fact that the document is subject to this Protective Order.

6. This Protective Order shall survive the termination of this action and the Court 

shall retain jurisdiction to enforce it.

7. Unless otherwise ordered or agreed in writing between the parties to this 

agreement, within 120 days after the final termination of this action, Defendants shall destroy or 

return to E&Y all documents produced to them by E&Y. Notwithstanding this provision, 

Counsel are entitled to retain an archival copy of all pleadings, motion papers, transcripts, legal 

memoranda, correspondence or attorney work product, even if such materials contain Protected 

Case 4:04-cv-04088-CW Document 64 Filed 07/14/05 Page 3 of 5
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STIPULATED [PROPOSED] PROTECTIVE ORDER RE DOCUMENTS PRODUCED BY ERNST & 

YOUNG L.L.P.

353114.01 CASE NO. C 04 4088 CW

Material. Any such archival copies that contain or constitute Protected Material remain subject to 

this Protective Order.

8. The parties acknowledge that this Stipulated Protective Order creates no 

entitlement to file confidential information under seal; Civil Local Rule 79-5 sets forth the

procedures that must be followed and reflects the standards that will be applied when a party 

seeks permission from the court to file material under seal.

IN WITNESS WHEREOF, the parties hereto caused this agreement to be duly executed 

as of the day and year written below.

DATED: KEKER & VAN NEST, LLP

By: __________________________________

MICHAEL D. CELIO

Attorneys for Defendant

DOUGLAS WACHTEL

DATED: LATHAM & WATKINS

By: __________________________________

JAMES LYNCH

Attorneys for Third Party

ERNST & YOUNG

DATED MORRISON & FOERSTER

By: __________________________________

MARGARET WU

Attorneys for Defendant

YINZI CAI

Case 4:04-cv-04088-CW Document 64 Filed 07/14/05 Page 4 of 5
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STIPULATED [PROPOSED] PROTECTIVE ORDER RE DOCUMENTS PRODUCED BY ERNST & 

YOUNG L.L.P.

353114.01 CASE NO. C 04 4088 CW

DATED PILLSBURY WINTHROP, LLP

By: __________________________________

BRUCE A. ERICSON

Attorneys for Defendant

BRUCE RIGIONE

DATED DLA PIPER RUDNICK GRAY CARY US 

LLP

By: __________________________________

SHIRLI FABBRI WEISS

Attorneys for Defendants

JEREMY LENT & THE LENT FAMILY 

TRUST 

DATED COVINGTON & BURLING

By: __________________________________

DAVID JOLLEY

Attorneys for Defendant

JOHN HASHMAN

PURSUANT TO STIPULATION, IT IS SO ORDERED.

July 14, 2005 /s/ CLAUDIA WILKEN

HONORABLE CLAUDIA WILKEN

UNITED STATES DISTRICT JUDGE

Case 4:04-cv-04088-CW Document 64 Filed 07/14/05 Page 5 of 5