Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_04-cv-02297/USCOURTS-cand-3_04-cv-02297-13/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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[PROPOSED] ORDER PRELIMINARILY APPROVING

SETTLEMENT AND PROVIDING FOR NOTICE

MASTER FILE NO.: C-04-2297 SC (JCS) 

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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

In re OMNIVISION TECHNOLOGIES, INC. ) 

) 

) 

) 

MASTER FILE NO.: C-04-2297 SC 

(JCS) 

CLASS ACTION 

This Document Relates To: 

04-2297-SC (Vince); 04-2298–SC 

(Campagnuola); 04-2385-SC (Greenfield); 

04-2410-SC (Paul Lee Associates LLC); 04-

2419-SC (McMillan); 04-2425-SC (Cheung); 

04-2433-SC (Gamero); 04-2474-SC (Van 

Waay); 04-2514-SC (Glantz); 04-2525-SC 

(Starr); 04-2570-SC (Jewell); and 04-4350-

SC (Schroeder). 

) 

) 

) 

) 

) 

) 

) 

) 

) 

) 

[PROPOSED] ORDER PRELIMINARILY 

APPROVING SETTLEMENT AND 

PROVIDING FOR NOTICE 

Case 3:04-cv-02297-SC Document 220 Filed 05/25/07 Page 1 of 11
[PROPOSED] ORDER PRELIMINARILY APPROVING

SETTLEMENT AND PROVIDING FOR NOTICE

MASTER FILE NO.: C-04-2297 SC (JCS) 

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WHEREAS, a consolidated class action is pending before the Court entitled In re 

OmniVision Technologies, Inc., Master File No. C- 04-2297 SC (the “Litigation”); 

WHEREAS, the Court has received the Stipulation of Settlement dated as of May 14, 

2007 (the “Stipulation”), that has been entered into by the Lead Plaintiffs and Defendants, and 

the Court has reviewed the Stipulation and its attached Exhibits; and 

WHEREAS, the parties having made an application, pursuant to Federal Rule of Civil 

Procedure 23(e), for an order preliminarily approving a settlement class and the settlement of this 

Litigation, in accordance with the Stipulation which, together with the Exhibits annexed thereto 

sets forth the terms and conditions for a proposed settlement of the Litigation and for dismissal 

of the Litigation with prejudice upon the terms and conditions set forth therein; and the Court 

having read and considered the Stipulation and the Exhibits annexed thereto; and 

WHEREAS, all defined terms contained herein shall have the same meanings as set forth 

in the Stipulation; 

NOW, THEREFORE, IT IS HEREBY ORDERED: 

1. The Court does hereby preliminarily approve the Stipulation and the settlement set 

forth therein, subject to further consideration at the Settlement Hearing described below. 

2. Pursuant to Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure, and for the 

purposes of the Settlement only, this Litigation is hereby certified as a class action on behalf of all 

Persons who purchased or acquired OmniVision common stock between June 11, 2003 and June 9, 

2004, inclusive. Excluded from the Class are Defendants, members of the immediate families of the 

Individual Defendants, any entity in which any Defendant has or had a controlling interest, current or 

former directors and officers of OmniVision, and the legal representatives, heirs, successors, or 

assigns of any such excluded person or entity. 

3. The Court finds, for purposes of this Settlement only, that the prerequisites for a class 

action under Federal Rules of Civil Procedure 23 (a) and (b)(3) have been satisfied in that: (a) the 

number of Class Members is so numerous that joinder of all members thereof is impracticable; (b) 

there are questions of law and fact common to the Class; (c) the claims of the Class Representatives 

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[PROPOSED] ORDER PRELIMINARILY APPROVING

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MASTER FILE NO.: C-04-2297 SC (JCS) 

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are typical of the claims of the Class they seek to represent; (d) the Class Representatives and Lead 

Counsel have and will fairly and adequately represent the interests of the Class; (e) the questions of 

law and fact common to the members of the Class predominate over any questions affecting only 

individual members of the Class; and (f) a class action is superior to other available methods for the 

fair and efficient adjudication of the controversy. 

4. Pursuant to Rule 23 of the Federal Rules of Civil Procedure, and for purposes of this 

Settlement only, this Court hereby certifies Lead Plaintiffs Ken Churchill as Trustee for the 

Churchill Family Trust, Gerald A. Madore, Rocco Peters and Michael J. Hannan on behalf of Coyote 

Growth Management as Class Representatives. 

5. A hearing (the “Settlement Hearing”) shall be held before this Court on ______, 

2007, at __:__ __.m., at the United States Courthouse, 450 Golden Gate Avenue, San Francisco, 

California, to determine whether the proposed settlement of the Litigation on the terms and 

conditions provided for in the Stipulation is fair, reasonable and adequate to the Class and should be 

approved by the Court; whether a Judgment as provided in ¶1.12 of the Stipulation should be entered 

herein; whether the proposed Plan of Allocation should be approved; and to determine the amount of 

fees and expenses that should be awarded to Lead Counsel. The Court may adjourn the Settlement 

Hearing without further notice to Members of the Class. 

6. The Court reserves the right to approve the Settlement with or without modification 

and with or without further notice of any kind. The Court further reserves the right to enter its 

Judgment approving the Stipulation and dismissing the Complaint on the merits and with prejudice 

regardless of whether it has approved the Plan of Allocation or awarded attorneys’ fees and 

expenses. 

7. The Court approves, as to form and content, the Notice of Pendency and Proposed 

Settlement of Class Action (the “Notice”), the Proof of Claim and Release form (the “Proof of 

Claim”), and Summary Notice for publication annexed as Exhibits A-1, A-2 and A-3 hereto, and 

finds that the mailing and distribution of the Notice and the publishing of the Summary Notice 

substantially in the manner and form set forth in this Order meets the requirements of Federal Rule 

9/7/07 10 00 a

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of Civil Procedure 23, Section 21D(a)(7) of the Securities Exchange Act of 1934, 15 U.S.C. § 78u4(a)(7) as amended by the Private Securities Litigation Reform Act of 1995, and due process, and is 

the best notice practicable under the circumstances and shall constitute due and sufficient notice to 

all Persons entitled thereto. 

8. The Court approves the appointment of Gilardi & Co. LLC as the Claims 

Administrator to supervise and administer the notice procedure as well as the processing of claims as 

more fully set forth below: 

(a) Not later than ________, 2007 (the “Notice Date”), Lead Counsel shall cause 

a copy of the Notice and the Proof of Claim, substantially in the forms annexed as Exhibits A-1 and 

A-2, to be mailed by first class mail to all Class Members who can be identified with reasonable 

effort; 

(b) Not later than ________, 2007, Lead Counsel shall cause the Summary Notice 

to be published once in the national edition of The Wall Street Journal and transmitted over Business 

Wire; and 

(c) At least seven (7) calendar days prior to the Settlement Hearing, Lead Counsel 

shall cause to be served on Defendants’ Counsel and filed with the Court proof, by affidavit or 

declaration, of such mailing and publishing. 

9. Nominees who purchased or acquired OmniVision common stock between June 11, 

2003 and June 9, 2004, inclusive, shall send the Notice and the Proof of Claim to all beneficial 

owners of such OmniVision common stock within ten (10) days after receipt thereof, or send a list of 

the names and addresses of such beneficial owners to the Claims Administrator within ten (10) days 

of receipt thereof, in which event the Claims Administrator shall promptly mail the Notice and Proof 

of Claim to such beneficial owners. Lead Counsel shall, if requested, reimburse banks, brokerage 

houses or other nominees solely for their reasonable out-of-pocket expenses incurred in providing 

notice to beneficial owners who are Class Members out of the Class Notice and Administration 

Fund, which expenses would not have been incurred except for the sending of such notice, subject to 

further order of this Court with respect to any dispute concerning such compensation. 

June 15 June 25

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10. All Members of the Class shall be bound by all determinations and judgments in the 

Litigation concerning the settlement, whether favorable or unfavorable to the Class. 

11. Class Members who wish to participate in the settlement shall complete and submit 

Proof of Claim forms in accordance with the instructions contained therein. Unless the Court orders 

otherwise, all Proof of Claim forms must be submitted no later than thirty (30) days from the 

Settlement Hearing. Any Class Member who does not timely submit a Proof of Claim within the 

time provided for shall be barred from sharing in the distribution of the proceeds of the Net 

Settlement Fund, unless otherwise ordered by the Court. 

12. Any Person who desires to request exclusion from the Class shall submit to the 

Claims Administrator a request for exclusion (“Request for Exclusion”) in written form by first class 

mail postmarked no later than _______________, 2007 to the address designated in the Notice. A 

Request for Exclusion must clearly indicate the name, address and telephone number of the Person 

seeking exclusion, that the Person requests to be excluded from the Class in the OmniVision 

Securities Litigation, and must be signed by such Person. Such persons requesting exclusion are also 

directed to state: the date(s), price(s), and number(s) of shares of all purchases, acquisitions, and 

sales of OmniVision common stock during the Class Period. The Request for Exclusion shall not be 

effective unless it provides the required information and is made within the time stated above, or the 

exclusion is otherwise accepted by the Court. All Persons who submit valid and timely Requests for 

Exclusion in the manner set forth in this paragraph shall have no rights under the Stipulation, shall 

not share in the distribution of the Settlement Fund, and shall not be bound by the Stipulation or the 

Judgment. 

13. Any Member of the Class may enter an appearance in the Litigation, at their own 

expense, individually or through counsel of their own choice. If they do not enter an appearance, 

they will be represented by Lead Counsel. 

14. Pending final determination of whether the settlement should be approved, neither the 

Lead Plaintiffs nor any Class Member, either directly, representatively, or in any other capacity, 

August 14

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shall commence or prosecute against any of the Released Persons, any action or proceeding in any 

court or tribunal asserting any of the Released Claims. 

15. Any Member of the Class may appear and show cause, if he, she or it has any reason, 

why the proposed settlement of the Litigation should or should not be approved as fair, reasonable 

and adequate, why a judgment should or should not be entered thereon, why the Plan of Allocation 

should or should not be approved, or why attorneys’ fees and expenses should or should not be 

awarded to Lead Counsel; provided, however, that no Class Member or any other Person shall be 

heard or entitled to contest the approval of the terms and conditions of the proposed settlement, or, if 

approved, the Judgment to be entered thereon approving the same, or the order approving the Plan of 

Allocation, or the attorneys’ fees and expenses to be awarded to Lead Counsel, unless that Person 

has filed written objections and copies of any papers and briefs in support thereof with the Clerk of 

the United States District Court for the Northern District of California, on or before ________, 2007 

and copies of those written objections, papers and briefs are served (delivered by hand or sent by 

first class mail) on the following counsel: Milberg Weiss & Bershad LLP, Jeff S. Westerman, One 

California Plaza, 300 South Grand Avenue, Suite 3900, Los Angeles, CA 90071 for the Class and 

Wilson Sonsini Goodrich & Rosati, P.C., Douglas J. Clark, 650 Page Mill Road, Palo Alto, 

California 94304 for the Defendants. Any Member of the Class who does not make his, her or its 

objection in the manner provided shall be deemed to have waived such objection and shall forever be 

foreclosed from making any objection to the fairness or adequacy of the proposed settlement as set 

forth in the Stipulation, to the Plan of Allocation, or to the award of attorneys’ fees and expenses to 

Lead Counsel, unless otherwise ordered by the Court. 

16. Attendance at the hearing is not necessary; however, persons wishing to be heard 

orally in opposition to the approval of the Settlement, the Plan of Allocation, and/or the request for 

attorneys’ fees are required to indicate in their written objection their intention to appear at the 

hearing. Persons who intend to object to the Settlement, the Plan of Allocation, and/or Lead 

Counsel’s application for an award of attorneys’ fees and expenses and desire to present evidence at 

the Settlement Hearing must include in their written objections the identity of any witnesses they 

August 14

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may call to testify and exhibits they intend to introduce into evidence at the Settlement Hearing. 

Class Members do not need to appear at the hearing or take any other action to indicate their 

approval. 

17. All funds held by the Escrow Agent shall be deemed and considered to be in custodia 

legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time as such 

funds shall be distributed pursuant to the Stipulation and/or further order(s) of the Court. 

18. All papers in support of the settlement, the Plan of Allocation, and the application by 

Lead Counsel for attorneys’ fees or reimbursement of expenses shall be filed and served seven (7) 

calendar days before the Settlement Hearing. 

19. Neither Defendants nor their Related Parties shall have any responsibility for or 

liability with respect to the Plan of Allocation or any application for attorneys’ fees or 

reimbursement of expenses submitted by Lead Counsel, and such matters will be considered 

separately from the fairness, reasonableness and adequacy of the settlement. 

20. At or after the Settlement Hearing, the Court shall determine whether the Plan of 

Allocation proposed by Lead Counsel, and any application for attorneys’ fees or reimbursement of 

expenses shall be approved. 

21. All reasonable expenses incurred in identifying and notifying Class Members, as well 

as administering the Settlement Fund, shall be paid as set forth in the Stipulation. In the event the 

settlement is not approved by the Court, or otherwise fails to become effective, neither the Lead 

Plaintiffs nor Lead Counsel shall have any obligation to repay any amounts actually and properly 

disbursed from the Class Notice and Administration Fund. 

22. Neither the Stipulation, nor any of its terms or provisions, nor any of the negotiations 

or proceedings connected with it, shall be construed as an admission or concession by Defendants or 

their Related Parties of the truth of any of the allegations in the Litigation, or of any liability, fault, 

or wrongdoing of any kind. 

23. The Court reserves the right to adjourn the date of the Settlement Hearing without 

further notice to the Members of the Class, and retains jurisdiction to consider all further 

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applications arising out of or connected with the proposed settlement. The Court may approve the 

settlement, with such modifications as may be agreed to by the Settling Parties, if appropriate, 

without further notice to the Class. 

24. If: (a) the Settlement is terminated by Defendants pursuant to ¶ 7.7 of the Stipulation; 

or (b) any specified condition to the Settlement set forth in the Stipulation is not satisfied and Lead 

Counsel or Defendants’ Counsel elect to terminate the Settlement as provided in ¶ 7.3 of the 

Stipulation, then, in any such event, the Stipulation, including any amendment(s) thereof, and this 

Preliminary Order certifying the Class and the Class Representatives for purposes of the Settlement 

shall be null and void, of no further force or effect, and without prejudice to any party, and may not 

be introduced as evidence or referred to in any actions or proceedings by any person or entity, and 

each party shall be restored to his, her or its respective position as it existed prior to November 22, 

2006. 

DATED: _____________________ 

 THE HONORABLE SAMUEL CONTI 

UNITED STATES DISTRICT JUDGE 

Submitted by: 

MILBERG WEISS & BERSHAD LLP 

JEFF S. WESTERMAN 

One California Plaza 

300 S. Grand Avenue, Suite 3900 

Los Angeles, CA 90071 

Telephone: (213) 617-1200 

Facsimile: (213) 617-1975 

Lead Counsel for Plaintiffs 

WILSON SONSINI GOODRICH & ROSATI 

Professional Corporation 

DOUGLAS J. CLARK 

JARED L. KOPEL 

KELLEY E. MOOHR 

CAMERON P. HOFFMAN 

650 Page Mill Road 

Palo Alto, CA 94304-1050 

Telephone: (650) 493-9300 

Facsimile: (650) 565-5100 

JENNY L. DIXON 

One Market Street, Spear Tower 

May 25, 2007

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Samuel Conti

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Suite 3300 

San Francisco, CA 94105 

Telephone: (415) 947-2000 

Facsimile: (415) 947-2099 

Counsel for Defendants 

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DECLARATION OF SERVICE BY MAIL 

I, the undersigned, declare: 

1. That declarant is and was, at all times herein mentioned, I am employed in the County 

of Los Angeles, over the age of 18 years, and not a party to or interest in the within action; that 

declarant’s business address is One California Plaza, 300 South Grand Avenue, Suite 3900, Los 

Angeles, California 90071. 

2. That on May 22, 2007, declarant served the [PROPOSED] ORDER 

PRELIMINARILY APPROVING SETTLEMENT AND PROVIDING FOR NOTICE by depositing 

a true copy thereof in a United States mailbox at Los Angeles, California in a sealed envelope with 

postage thereon fully prepaid and addressed to the parties listed on the attached Service List. 

3. That there is a regular communication by mail between the place of mailing and the 

places so addressed. 

4. That on the above date, declarant served via e-mail to: scac@law.stanford.edu. 

I declare under penalty of perjury that the foregoing is true and correct. Executed this 22nd 

day of May, 2007, at Los Angeles, California. 

/s/ Faith Farina 

FAITH FARINA 

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OMNIVISION 

SERVICE LIST

Counsel for Plaintiffs 

Jeff S. Westerman 

Cheryl A. Williams 

Elizabeth P. Lin 

Michiyo Michelle Furukawa 

MILBERG WEISS & BERSHAD LLP 

One California Plaza 

300 S. Grand Avenue, Suite 3900 

Los Angeles, CA 90071 

Telephone: (213) 617-1200 

Facsimile: (213) 617-1975 

Eric T. Chaffin 

Rick M. Barreca 

SEEGER WEISS LLP 

One William Street 

New York, NY 10004 

Telephone: (212) 584-0700 

Facsimile: (212) 584-0799 

Daniel C. Girard 

Jonathan K. Levine 

Aaron M. Sheanin 

GIRARD GIBBS LLP 

601 California Street, Suite 1400 

San Francisco, CA 94108 

Telephone: (415) 981-4800 

Facsimile: (415) 981-4846 

Charles J. Piven 

BROWER PIVEN, 

 A PROFESSIONAL ASSOCIATION 

The World Trade Center-Baltimore 

401 East Pratt Street, Suite 2525 

Baltimore, Maryland 21202 

Telephone: (410) 332-0030 

Facsimile: (410) 685-1300 

Thomas J. McKenna 

GAINEY & MCKENNA

295 Madison Avenue, 4th Floor 

New York, NY 10017 

Telephone: (212) 983-1300 

Facsimile: (212) 983-0383 

Counsel for Defendants 

Jenny L. Dixon 

WILSON SONSINI GOODRICH & ROSATI

One Market, Spear Tower, Suite 3300 

San Francisco , CA 94105 

Telephone: (415) 947-2000 

Facsimile: (415) 947-2099 

Douglas J. Clark 

Jared L. Kopel 

Cameron P. Hoffman 

Kelley E. Moohr 

WILSON SONSINI GOODRICH

 & ROSATI

650 Page Mill Road 

Palo Alto, CA 94304-1050 

Telephone: (650) 493-9300 

Facsimile: (650) 493-6811 

Attorney for Omnivision Technologies, Inc., 

Shaw Hong, John T. Rossi, H. Gene McCown, 

and Raymond Wu. 

Case 3:04-cv-02297-SC Document 220 Filed 05/25/07 Page 11 of 11