Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_18-cv-06695/USCOURTS-cand-3_18-cv-06695-0/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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AT T ORNEYS AT LAW

SIL ICON VA LL E Y

Case Number: 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER

REGARDING VOLUNTARY DISMISSAL

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LATHAM & WATKINS LLP

Matthew Rawlinson (Bar No. 231890)

 matt.rawlinson@lw.com

140 Scott Drive

Menlo Park, California 94025

Telephone: +1.650.328.4600

Facsimile: +1.650.463.2600

LATHAM & WATKINS LLP

Elizabeth Deeley (Bar No. 230798)

 elizabeth.deeley@lw.com

Grant E. Strother (Bar No. 284612)

 grant.strother@lw.com

505 Montgomery Street, Suite 2000

San Francisco, California 94111

Telephone: +1.415.391.0600

Facsimile: +1.415.395.8095

Attorneys for Defendants

NEVRO CORP., RAMI ELGHANDOUR, 

ANDREW GALLIGAN, MICHAEL DEMANE, ALI 

BEHBAHANI, LISA EARNHARDT, FRANK 

FISCHER, WILFRED E. JAEGER, SHAWN T. 

MCCORMICK and BRAD VALE

[Additional counsel appears on signature page]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

DAVID NGUYEN, Derivatively and on 

Behalf of NEVRO CORP.,

Plaintiff,

v.

RAMI ELGHANDOUR, ANDREW 

GALLIGAN, MICHAEL DEMANE, ALI 

BEHBAHANI, LISA EARNHARDT, 

FRANK FISCHER, WILFRED E. JAEGER, 

SHAWN T. MCCORMICK and BRAD 

VALE,

Defendants,

and

NEVRO CORP.,

Nominal Defendant.

CASE NO. 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER 

REGARDING VOLUNTARY DISMISSAL

Judge: The Honorable Vince Chhabria

Date Action Filed: November 3, 2018

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Case Number: 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER 

REGARDING VOLUNTARY DISMISSAL

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WHEREAS, on November 3, 2018, plaintiff David Nguyen (“Plaintiff”) filed a 

putative stockholder derivative action (the “Action”) on behalf of nominal defendant Nevro 

Corp. (“Nevro” or the “Company”) alleging violations of law—including federal securities 

law—and breaches of fiduciary duty against certain of the company’s officers and directors 

(collectively, the “Individual Defendants,” and with the Company, “Defendants”) (Plaintiff and 

Defendants are collectively referred to herein as the “Parties”);

WHEREAS, on January 7, 2019, the Parties filed a stipulation and proposed order 

(Dkt. 27, “January 7 Stipulation”) to stay the Action in anticipation of Nevro’s motion to dismiss 

a factually related and earlier-filed securities class action pending in this Court and captioned as 

Oklahoma Police Pension and Retirement System v. Nevro Corporation, et al., 18-cv-05181-VC 

(the “Class Action”), in which the plaintiffs asserted federal securities claims against the 

Company and certain of its officers and directors;

WHEREAS the January 7 Stipulation stated that “the Parties agree that a ruling 

on Nevro’s anticipated motion to dismiss the Class Action may inform the manner in which this 

Action proceeds”;

WHEREAS, on January 25, 2019, the Court issued an order staying this Action 

(Dkt. 31);

WHEREAS, on August 1, 2019, the Court granted Nevro’s motion to dismiss the 

Class Action and subsequently issued a final judgment in Nevro’s favor in the Class Action;

WHEREAS, on August 26, 2019, the Court issued an order lifting the stay in this 

Action and directing the parties to “file a joint status report proposing how [the Action] should 

proceed” (Dkt. 32);

WHEREAS, in light of the Court’s ruling on Nevro’s motion to dismiss the 

factually related Class Action, Plaintiff desires to dismiss this Action without prejudice, and the 

Parties have agreed to the voluntary dismissal of this Action without prejudice pursuant to 

Federal Rule of Civil Procedure 41(a) with each party to bear its own costs;

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Case Number: 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER 

REGARDING VOLUNTARY DISMISSAL

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WHEREAS, neither Nominal Defendant Nevro nor Defendants have made or 

promised any payment, direct or indirect, to Plaintiff or his counsel in consideration of the 

dismissal of this Action;

WHEREAS, no Party shall seek reimbursement from any other party of any fees, 

costs, expenses, or damages in connection with the filing, prosecution, defense or dismissal of 

this Action;

WHEREAS, this Stipulation Regarding Voluntary Dismissal is without prejudice 

and does not constitute or imply any admission or confession by any party regarding the basis for 

the Plaintiff’s allegations in the Action or the merits of any claims or defenses raised therein;

NOW, THEREFORE, the Parties hereby jointly request that the Court enter an 

Order: Dismissing Plaintiff’s claims and this Action without prejudice pursuant to Federal Rule 

of Civil Procedure 41(a), with each party to bear their own costs and attorneys’ fees.

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Case Number: 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER 

REGARDING VOLUNTARY DISMISSAL

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IT IS SO STIPULATED

Dated: September 6, 2019

LATHAM & WATKINS LLP

Matthew Rawlinson (SBN 231890)

By /s/ Matthew Rawlinson

Matthew Rawlinson

Attorney for Defendants

NEVRO CORP., RAMI ELGHANDOUR, 

ANDREW GALLIGAN, MICHAEL 

DEMANE, ALI BEHBAHANI, LISA 

EARNHARDT, FRANK FISCHER, WILFRED 

E. JAEGER, SHAWN T. MCCORMICK and 

BRAD VALE

Dated: September 6, 2019

THE ROSEN LAW FIRM, P.A.

Laurence M. Rosen, Esq. (SBN 219683)

By /s/ Laurence M. Rosen

Laurence M. Rosen

Attorneys for Plaintiff

DAVID NGUYEN

THE BROWN LAW FIRM, P.C.

Timothy W. Brown 

Counsel for Plaintiff 

DAVID NGUYEN

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Case Number: 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER 

REGARDING VOLUNTARY DISMISSAL

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FILERS ATTESTATION

Pursuant to Civil L.R. 5-1 (i)(3), regarding signatures, I attest that concurrence in the 

Filing of the document has been obtained from each of the other signatories.

DATED: September 6, 2019 /s/ Matthew Rawlinson

Matthew Rawlinson

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Case Number: 3:18-cv-06695-VC

STIPULATION AND [PROPOSED] ORDER 

REGARDING VOLUNTARY DISMISSAL

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[PROPOSED] ORDER

The Court has received and reviewed the parties’ Stipulation Regarding Voluntary 

Dismissal. Based upon that Stipulation and for good cause shown, IT IS HEREBY ORDERED 

THAT the above-captioned Action and Plaintiff’s claims in the Verified Shareholder Derivative 

Complaint (Dkt. 1) are hereby DISMISSED without prejudice pursuant to Federal Rule of Civil 

Procedure 41(a), with each party to bear their own costs and attorneys’ fees.

IT IS SO ORDERED.

DATED: _________________________ _____________________________

Hon. Vince Chhabria

UNITED STATES DISTRICT JUDGE

September 6, 2019

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