Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-01160/USCOURTS-cand-3_14-cv-01160-18/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 [PROPOSED] ORDER EXTENDING DEFENDANT AVENUE CAPITAL MANAGEMENT II, L.P.’S TIME TO 

ANSWER THIRD AMENDED COMPLAINT 

3:14-cv-01160-JST

AKIN GUMP STRAUSS HAUER & FELD LLP

REGINALD D. STEER (SBN 056324)

rsteer@akingump.com

ERIC RUEHE (SBN 284568)

eruehe@akingump.com

580 California Street, Suite 1500

San Francisco, CA 94104

Telephone: 415-765-9500

Fax: 415-765-9501

Attorneys for Defendant Avenue Capital 

Management II, L.P.

[Additional Counsel on Signature Page]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

KEITH THOMAS, RICHARD HAYES, HERB 

SMITH, and OKLAHOMA POLICE PENSION & 

RETIREMENT SYSTEM,

CASE NO.: 3:14-cv-01160-JST

STIPULATION AND [PROPOSED] 

ORDER EXTENDING DEFENDANT 

AVENUE CAPITAL 

MANAGEMENT II, L.P.’S TIME TO 

ANSWER THIRD AMENDED 

COMPLAINT 

Plaintiffs,

v.

MAGNACHIP SEMICONDUCTOR CORP. SANG 

PARK, TAE YOUNG HWANG, MARGARET 

SAKAI, R. DOUGLAS NORBY, ILBOK LEE, 

NADER TAVAKOLI, RANDAL KLEIN, 

MICHAEL ELKINS, AVENUE CAPITAL 

MANAGEMENT II, L.P., BARCLAYS CAPITAL 

INC., DEUTSCHE BANK SECURITIES INC., 

CITIGROUP GLOBAL MARKETS INC., UBS 

SECURITIES LLC and NEEDHAM & COMPANY, 

LLC,

Defendants.

WHEREAS, on March 4, 2016, this Court granted in part and denied in part 

Defendant Avenue Capital Management II, L.P. (“Avenue”)’s motion to dismiss the Third 

Amended Complaint (“TAC”) filed by Plaintiffs (ECF No. 194);

WHEREAS, pursuant to Federal Rule of Civil Procedure 12(a)(4)(A), Avenue’s 

deadline for filing its Answer to the TAC is March 21, 2016;

Case 3:14-cv-01160-JST Document 199 Filed 03/18/16 Page 1 of 4
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STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANT AVENUE CAPITAL MANAGEMENT II, L.P.’S TIME TO 

ANSWER THIRD AMENDED COMPLAINT 

- 2 -

3:14-cv-01160-JST

WHEREAS, Avenue Capital has requested and Plaintiffs have agreed to extend, 

by 30 days, the time within which Avenue Capital’s Answer is due;

WHEREAS, such an extension of time will not alter the date of any event or any 

deadline already fixed by Court order;

WHEREAS, time modifications have previously been granted on five prior 

occasions in this action (ECF Nos. 18, 31, 47, 68, and 85), the first two occurring before Avenue 

was a party to the action; 

WHEREAS, this is the first time modification requested by any party since the 

Court’s order granting in part and denying in part Avenue’s motion to dismiss the TAC.

IT IS THEREFORE STIPULATED THAT:

Avenue’s deadline for filing its Answer to the TAC is hereby continued by 30 

days to April 20, 2016. 

Dated: March 18, 2016

POMERANTZ LLP

/s/ Joshua B. Silverman

Patrick V. Dahlstrom

Joshua B. Silverman

10 South LaSalle Street, Suite 3505

Chicago, IL 60603

Telephone: (312) 377-1181

Facsimile: (312) 377-1184

pdahlstrom@pomlaw.com

jbsilverman@pomlaw.com

-andPOMERANTZ LLP

Marc I. Gross

Jeremy A. Lieberman

Michael J. Wernke

600 Third Avenue, 20th Floor

New York, NY 10016

Telephone: (212) 661-1100

Facsimile: (212) 661-8665

AKIN GUMP STRAUSS HAUER & FELD 

LLP

/s/ John C. Murphy 

Michael A. Asaro

Douglass B. Maynard

Stephen M. Baldini

John C. Murphy

Sydney Spector

One Bryant Park

Bank of America Tower

New York, NY 10036

Telephone: (212) 872-1000

Fax: (212) 872-1002

masaro@akingump.com

dmaynard@akingump.com

sbaldini@akingump.com

jmurphy@akingump.com

sspector@akingump.com

-andReginald Steer

Case 3:14-cv-01160-JST Document 199 Filed 03/18/16 Page 2 of 4
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STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANT AVENUE CAPITAL MANAGEMENT II, L.P.’S TIME TO 

ANSWER THIRD AMENDED COMPLAINT 

- 3 -

3:14-cv-01160-JST

migross@pomlaw.com

jalieberman@pomlaw.com

mjwernke@pomlaw.com

Lead Counsel for the Class

Eric Ruehe

580 California Street, Suite 1500

San Francisco, CA 94104

Telephone: 415-765-9500

Fax: 415-765-9501

rsteer@akingump.com

eruehe@akingump.com

Attorneys for Defendant Avenue Capital 

Management II, L.P.

GLANCY PRONGAY & MURRAY LLP

Lionel Z. Glancy (CSB# 134180)

Robert V. Prongay (CSB# 270796)

1925 Century Park East, Suite 2100

Los Angeles, CA 90067

Telephone: (310) 201-9150

Facsimile: (310) 201-9160

Email: info@glancylaw.com

Liaison Counsel for the Class

THE ROSEN LAW FIRM, P.A.

Laurence M. Rosen, Esq. (CSB# 219683)

275 Madison Avenue, 34th Floor

New York, New York 10016

Telephone: (212) 686-1060

Fax: (212) 202-3827

Email: lrosen@rosenlegal.com

Additional Counsel for the Class

CERTIFICATION OF CONCURRENCE FROM OTHER PARTIES

I, John C. Murphy, am the ECF User whose ID and password are being used to file this 

STIPULATION TO EXTEND DEFENDANT AVENUE CAPITAL MANAGEMENT II, L.P.’S 

TIME TO ANSWER THIRD AMENDED COMPLAINT PURSUANT TO LOCAL RULE 6-

1(A). In compliance with Civil L.R. 5-1(i)(3), I hereby attest that the other signatory has

concurred in this filing.

/s/ John C. Murphy

John C. Murphy

Case 3:14-cv-01160-JST Document 199 Filed 03/18/16 Page 3 of 4
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STIPULATION AND [PROPOSED] ORDER EXTENDING DEFENDANT AVENUE CAPITAL MANAGEMENT II, L.P.’S TIME TO 

ANSWER THIRD AMENDED COMPLAINT 

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3:14-cv-01160-JST

IT IS SO ORDERED.

Dated: ____________________________ ___________________________________

Honorable Jon S. Tigar

United States District Judge

March 18, 2016

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

 Judge Jon S. Tigar 

Case 3:14-cv-01160-JST Document 199 Filed 03/18/16 Page 4 of 4