Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-04717/USCOURTS-cand-3_14-cv-04717-3/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

CASE NO. 3:14-CV-04717-SC 

COOLEY LLP 

TOWER C. SNOW, JR. (58342) 

(tsnow@cooley.com) 

101 California Street, 5th Floor 

San Francisco, CA 94111-5800 

Telephone: (415) 693-2000 

Facsimile: (415) 693-2222 

JOHN C. DWYER (136533) 

(dwyerjc@cooley.com) 

JESSICA VALENZUELA SANTAMARIA (220934) 

(jsantamaria@cooley.com) 

ADAM C. TRIGG (261498) 

(atrigg@cooley.com) 

Five Palo Alto Square 

3000 El Camino Real 

Palo Alto, CA 94306-2155 

Telephone: (650) 843-5000 

Facsimile: (650) 849-7400 

JOSEPH B. WOODRING (272940)

(jwoodring@cooley.com) 

1333 2nd Street, Suite 400 

Santa Monica, CA 90401 

Telephone: (310) 883-6400 

Facsimile: (310) 849-6500 

Attorneys for Defendants 

H. Ravi Brar, Susie Herrmann, and Murray Jones 

[Additional Counsel on Signature Page] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SPECIAL SITUATIONS FUND III QP, 

L.P., SPECIAL SITUATIONS CAYMAN 

FUND, L.P., WOLVERINE FLAGSHIP 

FUND TRADING LIMITED, PINE RIVER 

MASTER FUND Ltd. and NISSWA 

ACQUISITION MASTER FUND Ltd., 

Plaintiffs,

v.

H. RAVI BRAR, SUSIE HERRMANN and 

MURRAY JONES 

Defendants.

Case No. 3:14-CV-04717-SC

STIPULATION AND [PROPOSED] ORDER

REGARDING RESPONSE TO AMENDED 

COMPLAINT

Judge: Hon. Samuel Conti 

 

Case 3:14-cv-04717-SC Document 40 Filed 07/28/15 Page 1 of 5
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 1. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

WHEREAS, on October 23, 2014, Plaintiffs Special Situations Fund III QP, L.P. (“SSF 

III”), Special Situations Cayman Fund, L.P. (“SSF Cayman” and, with SSF III, “SSF”) and 

Wolverine Flagship Fund Trading Limited (“Wolverine”) filed a complaint in the above 

captioned action (the “Complaint”) (Dkt. 1); 

WHEREAS, on December 12, 2014, Defendants H. Ravi Brar, Susie Herrmann, and 

Murray Jones (collectively, “Defendants”) filed a motion to dismiss the Complaint (Dkt. 18), 

which the parties fully briefed; 

WHEREAS, on March 26, 2015, the Court issued an Order granting in part and denying 

in part Defendants’ Motion to Dismiss, and allowing SSF and Wolverine to file an amended 

complaint (the “Order” (Dkt. 29)); 

WHEREAS, on April 6, 2015, the parties filed a stipulation and proposed order to stay the 

case for mediation (Dkt. 30); 

WHEREAS, on April 9, 2015, the Court granted the stipulation and issued an Order 

staying this action for 60 days to allow the parties to pursue mediation (the “Stay Order” (Dkt. 

31);

WHEREAS, on May 28, 2015, the parties conducted a mediation session and continue to 

engage in settlement negotiations; 

WHEREAS, the Stay Order set the deadline for SSF and Wolverine’s amended complaint, 

if any, at 30 days after the expiration of the stay;

WHEREAS, the stay expired on June 8, 2015; 

WHEREAS, on July 6, 2015, the Parties submitted a Stipulation and Proposed Order to 

the Court in which the Parties agreed that (i) SSF and Wolverine, along with Pine River Master 

Fund Ltd. (“Pine River”) and Nisswa Acquisition Master Fund (“Nisswa,” and along with SSF, 

Wolverine and Pine River, “Plaintiffs”) shall file an amended complaint on July 22, 2015, (ii) 

Defendants shall file and serve their response to Plaintiffs’ amended complaint no later than 

September 4, 2015, (iii) if Defendants file and serve a motion to dismiss the amended complaint, 

Plaintiffs shall file and serve their opposition no later than October 2, 2015, (iv) Defendants shall 

file and serve their reply no later than October 16, 2015, and (v) the hearing on Defendants’ 

Case 3:14-cv-04717-SC Document 40 Filed 07/28/15 Page 2 of 5
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 2. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

motion to dismiss, if any, shall be scheduled for at least 14 days after Defendants file and serve 

their reply (Dkt. 32); 

WHEREAS, on July 7, 2015, the Court issued an Order granting the stipulation (Dkt. 33);

WHEREAS, on July 22, 2015, Plaintiffs filed their First Amended Complaint (Dkt. 34); 

WHEREAS, due to previously unforeseen conflicts for Defendants’ counsel, the Parties 

wish to amend the briefing schedule to provide an additional week for Defendants to file their 

reply brief in support of any motion to dismiss. 

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED among the Parties, 

through their respective counsel, as follows: 

1. Defendants shall file and serve their reply brief no later than October 23, 2015. 

2. The hearing on Defendants’ motion to dismiss, if any, shall be scheduled for at 

least 7 days after Defendants file and serve their reply or at such other time as is convenient for 

the Court. 

3. All other dates shall remain as ordered by the Court in its July 7, 2015 Order. 

Respectfully submitted, 

IT IS SO STIPULATED. 

Dated: July 27, 2015 COOLEY LLP 

TOWER C. SNOW (58342) 

JOHN C. DWYER (136533) 

JESSICA VALENZUELA SANTAMARIA (220934) 

ADAM C. TRIGG (261498) 

JOSEPH B. WOODRING (272940) 

 /s/ Adam C. Trigg 

Adam C. Trigg (261498) 

Attorneys for Defendants 

H. Ravi Brar, Susie Herrmann, and Murray Jones 

Case 3:14-cv-04717-SC Document 40 Filed 07/28/15 Page 3 of 5
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 3. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

Dated: July 27, 2015 LOWENSTEIN SANDLER LLP 

MICHAEL J. McGAUGHEY (198617) 

STEVEN M. HECHT (appearance pro hac vice)

/s/ Steven M. Hecht

Steven M. Hecht (appearance pro hac vice)

1251 Avenue of the Americas 

New York, NY 10020 

Telephone: 646-414-6902 

Fax: 973-597-2381 

E-mail: shecht@lowenstein.com 

Attorneys for Plaintiffs 

Special Situations Fund III QP, L.P., Special Situations 

Cayman Fund, L.P. and Wolverine Flagship Fund 

Trading Limited 

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STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC 

ORDER

Pursuant to the stipulation of the parties, Defendants shall file and serve their reply brief 

in support of any motion to dismiss no later than October 23, 2015. The hearing on defendants’ 

motion to dismiss, if any, shall be scheduled for at least 7 days after Defendants file and serve 

their reply or at such other time as is convenient for the Court. All other dates shall remain as 

ordered by the Court in its July 7, 2015 Order. 

IT IS SO ORDERED. 

Dated: __________, 2015 

THE HONORABLE SAMUEL CONTI

UNITED STATES DISTRICT JUDGE 

14

07/28

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

Judge Samuel Conti

Case 3:14-cv-04717-SC Document 40 Filed 07/28/15 Page 5 of 5