Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_05-cv-02601/USCOURTS-cand-4_05-cv-02601-3/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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JOINT STIPULATION TO DISMISS COMPLAINT AND 

COUNTERCLAIM WITHOUT PREJUDICE 

Case No. C-05-2601 PJH and Case No. C-05-4800 MJJ 

PILLSBURY WINTHROP SHAW PITTMAN LLP 

BRUCE A. ERICSON #76342 

ROBERT B. BADER #233165 

50 Fremont Street 

Post Office Box 7880 

San Francisco, CA 94120-7880 

Telephone: (415) 983-1000 

Facsimile: (415) 983-1200 

Email: bruce.ericson@pillsburylaw.com 

robert.bader@pillsburylaw.com 

Attorneys for Defendant and Counterclaimant 

CAPITOL BANCORP LTD. 

and Counterclaimant JOSEPH D. REID 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

OWEN PATRICK O'DONNELL, 

DOUGLAS R. BARNETT, C. PAUL 

JOHNSON, and GERALD C. VANOLI, 

each individually and on behalf of all other 

similarly situated shareholders of Napa 

Community Bank, 

 Plaintiffs, 

 vs. 

CAPITOL BANCORP LTD., a Michigan 

corporation, 

 Defendant. 

No. C-05-2601-PJH 

[Related Action: No. C-05-4800-MJJ] 

JOINT STIPULATION TO DISMISS 

COMPLAINT AND 

COUNTERCLAIM WITHOUT 

PREJUDICE 

[Fed. R. Civ. P. 41(a)(1)] 

Case Management Conference: 

Date: December 15, 2005 

Time: 2:30 p.m. 

Trial Date: None Set 

AND RELATED COUNTERCLAIM 

AND ORDER
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- 1 - JOINT STIPULATION TO DISMISS COMPLAINT AND 

COUNTERCLAIM WITHOUT PREJUDICE 

Case No. C-05-2601 PJH 

Pursuant to Federal Rule of Civil Procedure 41(a)(1), this Stipulation to Dismiss 

Complaint and Counterclaim Without Prejudice is entered into between Plaintiffs and 

Counterdefendants OWEN PATRICK O’DONNELL, DOUGLAS R. BARNETT, 

C. PAUL JOHNSON AND GERALD C. VANOLI (collectively “Plaintiffs’), 

Counterdefendant NAPA COMMUNITY BANK (“NCB”), Defendant and 

Counterclaimant, CAPITOL BANCORP LTD. (“Capitol”) and Counterclaimant 

JOSEPH D. REID (“Reid”), by and through their respective counsel of record, with 

reference to the following facts: 

1. Plaintiffs filed a complaint entitled O’Donnell v. Capitol Bancorp Ltd., No. 

C-05-2601 (PJH) on June 27, 2005 asserting claims under the Securities Act of 1933 and 

the Securities Exchange Act of 1934 as well as state-law claims for breach of fiduciary duty 

and abuse of control (the “Complaint”). 

2. Capitol answered the Complaint. Capitol and Reid also filed a Counterclaim 

against Plaintiffs and NCB, seeking a declaration that the Exchange Offer was legal, that 

the payments made by NCB to Capitol were appropriate, and that Capitol and Reid had not 

breached any fiduciary duty or abused control (the “Counterclaim”). 

3. On December 9, 2005 the parties held a meet and confer and agreed to 

consider dismissing without prejudice the Complaint and the Counterclaim. 

4. As a result of the parties’ subsequent discussions, they agree to the 

following: (1) Plaintiffs will dismiss without prejudice the Complaint and (2) Capitol and 

Reid will dismiss without prejudice the Counterclaim. 

5. The parties’ agreement to dismiss without prejudice the Complaint and the 

Counterclaim is subject to the following conditions: (1) if any party to this stipulation 

refiles a pleading asserting any of the claims alleged in the Complaint or the Counterclaim 

against any other party to this stipulation, the claims will be filed in this Court if the Court 

has jurisdiction over the claims and (2) the parties will seek to have the refiled pleadings 

related to Rubke v. Capitol Bancorp, et al., No. C-05-4800-PJH if that case is then pending 

before this Court. 
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- 2 - JOINT STIPULATION TO DISMISS COMPLAINT AND 

COUNTERCLAIM WITHOUT PREJUDICE 

Case No. C-05-2601 PJH 

 IT IS THEREFORE STIPULATED that the Complaint and the Counterclaim are 

dismissed without prejudice with all parties to bear their own costs and attorneys’ fees, 

subject to the conditions detailed above. 

 Dated: December 13, 2005. 

PILLSBURY WINTHROP SHAW PITTMAN LLP 

BRUCE A. ERICSON 

ROBERT B. BADER 

50 Fremont Street 

Post Office Box 7880 

San Francisco, CA 94120-7880 

Telephone: (415) 983-1000 

Facsimile: (415) 983-1200 

By __________/s/ Bruce A. Ericson 

Bruce A. Ericson 

Attorneys for Defendant and Counterclaimant 

CAPITOL BANCORP LTD. and Counterclaimant 

JOSEPH D. REID 

Dated: December 13, 2005. 

 

 FRIEDEMANN GOLDBERG LLP 

 JOHN F. FRIEDEMANN 

KYLE M. FISHER 

KIMBERLY A. UNTI 

420 Aviation Boulevard, Suite 201 

Santa Rosa, CA 95403 

 Telephone: (707) 543-4900 

Facsimile: (707) 543-4910 

 By ______________ 

 

Attorneys for Plaintiffs and Counterdefendants 

OWEN PATRICK O’DONNELL, DOUGLAS R. 

BARNETT, C. PAUL JOHNSON, and GERALD C. 

VANOLI 

 
U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge Phyllis J. Hamilton
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- 3 - JOINT STIPULATION TO DISMISS COMPLAINT AND 

COUNTERCLAIM WITHOUT PREJUDICE 

Case No. C-05-2601 PJH 

DECLARATION PURSUANT TO GENERAL ORDER 45, § X.B 

I, BRUCE A. ERICSON, hereby declare pursuant to General Order 45, § X.B, that I 

have obtained the concurrence in the filing of this document from the other signatory listed 

below. 

I declare under penalty of perjury that the foregoing declaration is true and correct. 

Executed on December 14, 2005, at San Francisco, California. 

MORRISON & FOERSTER 

 JORDAN ETH 

 KEVIN CALIA 

 425 Market Street 

San Francisco, CA 94105 

Telephone: (415) 268-7000 

Facsimile: (415) 268-7522 

kcalia@mofo.com

 By [concurrence obtained, General Order 45 § X.B]_ 

 Kevin Calia 

Attorneys for Counterdefendant 

NAPA COMMUNITY BANK