Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_14-cv-02571/USCOURTS-caed-2_14-cv-02571-3/pdf.json

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

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STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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JORDAN ETH (CA SBN 121617)

JEth@mofo.com 

JUDSON E. LOBDELL (CA SBN 146041)

JLobdell@mofo.com

MORRISON & FOERSTER LLP

425 Market Street

San Francisco, California 94105-2482

Telephone: 415.268.7000

Attorneys for Defendants

MARRONE BIO INNOVATIONS, INC., PAMELA G. 

MARRONE, JAMES B. BOYD, DONALD J. GLIDEWELL, 

ELIN MILLER, RANJEET BHATIA, PAMELA CONTAG, TIM 

FOGARTY, LAWRENCE HOUGH, JOSEPH HUDSON, LES 

LYMAN, RICHARD ROMINGER, SHAUGN STANLEY, 

SEAN SCHICKEDANZ

(Additional Counsel on Signature Page)

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SPECIAL SITUATIONS FUND III QP, L.P., 

AND SPECIAL SITUATIONS CAYMAN 

FUND, L.P, Individually and On Behalf of 

All Others Similarly Situated,

Plaintiffs,

vs.

MARRONE BIO INNOVATIONS, INC., 

PAMELA G. MARRONE, JAMES B. 

BOYD, DONALD J. GLIDEWELL, 

HECTOR ABSI, ELIN MILLER, RANJEET 

BHATIA, PAMELA CONTAG, TIM 

FOGARTY, LAWRENCE HOUGH, 

JOSEPH HUDSON, LES LYMAN, 

RICHARD ROMINGER and SHAUGN

STANLEY,

Defendants.

Master File No.: 2:14-cv-2571-MCE-KJN

Chief Judge Morrison C. England, Jr.

CONSOLIDATED CLASS ACTION

STIPULATION AND ORDER (1) 

SETTING TIME FOR FILING OF 

CONSOLIDATED CLASS ACTION 

COMPLAINT AND (2) 

ESTABLISHING BRIEFING 

SCHEDULE FOR RESPONSIVE 

MOTION(S)

(caption continued on the following page)

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 1 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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JOANN N. MARTINELLI, Individually and 

On Behalf of All Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, INC., 

PAMELA G. MARRONE, DONALD J. 

GLIDEWELL, and JAMES B. BOYD,

 Defendants.

PAUL SAUSMAN, Individually and On 

Behalf of All Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, INC., 

PAMELA G. MARRONE, DONALD J. 

GLIDEWELL, and JAMES B. BOYD,

Defendants.

SUSCHIA CHEN, Individually and On 

Behalf of All Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, INC., 

PAMELA G. MARRONE, DONALD J. 

GLIDEWELL, and JAMES B. BOYD,

Defendants.

(caption continued on the following page)

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 2 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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KENT OLDHAM, Individually and On 

Behalf of All Others Similarly Situated,

Plaintiff,

vs.

MARRONE BIO INNOVATIONS, INC., 

JAMES B. BOYD, DONALD J. 

GLIDEWELL, PAMELA G. MARRONE, 

RANJEET BHATIA, TIM FOGARTY, 

LAWRENCE HOUGH, JOSEPH HUDSON, 

RICHARD ROMINGER, SEAN 

SCHICKEDANZ, SHAUGN STANLEY, 

PIPER JAFFRAY & CO., STIFEL, 

NICOLAUS & COMPANY, 

INCORPORATED, ROTH CAPITAL 

PARTNERS, LLC, and JEFFERIES LLC,

Defendants.

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 3 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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Lead Plaintiffs Special Situations Fund III QP, L.P. and Special Situations Cayman 

Fund, L.P. (“Lead Plaintiffs”) and Defendants Marrone Bio Innovations, Inc. (“MBII” or “the 

Company”), Pamela G. Marrone, James B. Boyd, Donald J. Glidewell, Hector Absi, Elin Miller, 

Ranjeet Bhatia, Pamela Contag, Tim Fogarty, Lawrence Hough, Joseph Hudson, Les Lyman, 

Richard Rominger, Shaugn Stanley, and Sean Schickedanz (collectively, “Defendants”), by and 

through their respective counsel hereby recite and stipulate, subject to the approval of the Court, 

the following as concerns (1) the filing of a consolidated class action complaint (“Consolidated 

Complaint”), and (2) the briefing schedule for any responsive motions.

RECITALS

WHEREAS Lead Plaintiffs filed a class action complaint on November 3, 2014 [Docket 

No. 1], alleging that Defendants engaged in conduct that violates the federal securities laws, 

specifically Sections 11 and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the 

Securities Exchange Act of 1934;

WHEREAS the claims in this action are subject to the Private Securities Litigation 

Reform Act of 1995 (the “PSLRA”);

WHEREAS counsel for Defendants accepted service of the initial complaint on 

Defendants’ behalf, and the parties entered into a stipulation continuing the date by which 

Defendants must answer or otherwise respond to the complaint until after the Court issued an 

order pursuant to the PSLRA appointing lead plaintiff(s) and lead counsel [Docket No. 13];

WHEREAS the parties further stipulated that counsel for Defendants would meet and 

confer with the Court-appointed lead counsel within twenty (20) days following the Court’s 

order appointing lead plaintiff(s) and lead counsel, to determine (i) whether the lead plaintiff(s) 

will file a Consolidated Complaint, (ii) establish a common response date for all defendants, 

including a briefing schedule on anticipated motions to dismiss, and (iii) establish a date by 

which to provide the Court with a Joint Status Report; 

WHEREAS by Order dated February 13, 2015 [Docket No. 18], this Court consolidated 

the actions denominated as Martinelli v. Marrone Bio Innovations, Inc., No. 2:14-cv-2055-

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 4 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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MCE-KJN, Sausman v. Marrone Bio Innovations, Inc., No. 2:14-cv-2072-MCE-KJN, Chen v. 

Marrone Bio Innovations, Inc., 2:14-cv-2105-MCE-KJN, Oldham v. Marrone Bio Innovations, 

Inc., 2:14-cv-2130-MCE-KJN, and Special Situations Fund III QP, L.P. v. Marrone Bio 

Innovations, Inc., No. 2:14-cv-2571-MCE-KJN, designating No. 2:14-cv-2571 as the Master 

File and administratively closing all of the other consolidated cases;

WHEREAS by that same Order, the Court appointed Special Situations Fund III QP, 

L.P. and Special Situations Cayman Fund, L.P. as Lead Plaintiffs, and Lowenstein Sandler LLP 

as Lead Counsel;

WHEREAS MBII has previously announced that the independent Audit Committee

investigation of certain revenue recognition issues is substantially completed, and that, in light 

of the Audit Committee’s findings, MBII’s management is evaluating the necessity, nature and 

scope of any restatements to any of MBII’s financial statements previously filed with the 

Securities and Exchange Commission (“SEC”) (the “Financial Statement Review”);

WHEREAS Lead Plaintiffs intend to file a Consolidated Complaint, and Defendants 

have indicated that they intend to move to dismiss the Consolidated Complaint pursuant to Fed.

R. Civ. P. 12 and any other applicable law;

WHEREAS pursuant to the PSLRA, 15 U.S.C. § 78u-4(b)(3)(B), all discovery in this 

consolidated class action is automatically stayed by operation of law;

WHEREAS by Order dated April 16, 2015 [Docket No. 27], this Court directed

Plaintiffs to file and serve the Consolidated Complaint no later than thirty (30) days after MBII 

announces the results of the Financial Statement Review and, if MBII does not announce the 

results of the Financial Statement Review by May 13, 2015, file and serve the Consolidated 

Complaint no later than June 1, 2015;

WHEREAS on April 23, 2015, MBII announced that (i) its Audit Committee concluded, 

after consultation with management, that certain financial statements should no longer be relied 

upon, and (ii) although the Company expects to restate certain of its previously filed financial 

statements, the Company’s evaluation process is ongoing and, accordingly, the Company cannot

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 5 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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at this time provide an estimate of the timing, extent, or effect of such restatement (the 

“Restatement(s)”);

WHEREAS the Restatement(s) may impact the allegations in the Consolidated 

Complaint;

WHEREAS although Lead Plaintiffs may properly file the Consolidated Complaint at 

any time, undersigned counsel agree that the interests of justice would be best served by an 

order directing Lead Plaintiffs to file the Consolidated Complaint after MBII announces the 

results of the Restatement(s), so as to avoid the expense and delay that would be incurred by 

further amending the Consolidated Complaint should the Restatement(s) be announced while 

Defendants’ anticipated motion(s) to dismiss are being briefed.

STIPULATION

THEREFORE, IT IS HEREBY STIPULATED AND AGREED by Lead Plaintiffs and 

Defendants, through their respective counsel of record, as follows:

1. Lead Plaintiffs shall file and serve the Consolidated Complaint no later than sixty 

(60) days after MBII announces the Restatement(s).

2. Defendants shall file and serve any responsive pleading(s) or motion(s) to 

dismiss no later than sixty (60) days after the filing and service of the Consolidated Complaint.

3. If a motion to dismiss is filed, Lead Plaintiffs shall file and serve their opposition 

brief(s) no later than forty-five (45) days after Defendants file and serve their motion(s) to 

dismiss.

4. Defendants shall file and serve their reply(ies) in further support of the motion(s) 

to dismiss no later than twenty-one (21) days after Lead Plaintiffs file and serve their opposition 

brief(s).

5. In the event Defendants’ motion(s) to dismiss are denied in whole or in part, 

Lead Plaintiffs and Defendants shall meet and confer within forty-five (45) days of the Court’s 

disposition of Defendants’ motion(s) to dismiss to address the discovery-related topics set forth 

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 6 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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in the Court’s Order Requiring Joint Status Report and will thereafter submit to the Court a Rule 

26(f) discovery plan consistent with that Order.

DATED: May 27, 2015 LOWENSTEIN SANDLER LLP

By: /s/ Michael J. McGaughey

(As authorized on May 27, 2015)

Michael J. McGaughey

Lowenstein Sandler LLP

390 Lytton Avenue

Palo Alto, CA 94301

Telephone: 415-288-4545

Fax: 415-288-4534 

mmcgaughey@lowenstein.com

Lawrence M. Rolnick (pro hac vice)

Steven M. Hecht (pro hac vice)

Thomas E. Redburn, Jr. (pro hac vice)

Lowenstein Sandler LLP

1251 Avenue of the Americas

New York, NY 10020

-and65 Livingston Avenue

Roseland, NJ 07068

Telephone: 212-262-6700

Fax: 973-597-2400

lrolnick@lowenstein.com

shecht@lowenstein.com

tredburn@lowenstein.com

Counsel for Lead Plaintiffs Special 

Situations Fund III QP, L.P. and Special 

Situations Cayman Fund, L.P.

MORRISON & FOERSTER LLP

By: /s/Judson E. Lobdell

Judson E. Lobdell

JLobdell@mofo.com

Jordan Eth

JEth@mofo.com

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 7 of 9
STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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Morrison & Foerster LLP

425 Market Street

San Francisco, CA 94105

Telephone: 415-268-7000

Facsimile: 415-268-7522

Counsel for Defendants Marrone Bio 

Innovations, Inc., Pamela G. Marrone, 

James B. Boyd, Donald J. Glidewell, Elin 

Miller, Ranjeet Bhatia, Pamela Contag, 

Tim Fogarty, Lawrence Hough, Joseph 

Hudson, Les Lyman, Richard Rominger, 

Shaugn Stanley, and Sean Schickedanz

BROWNSTEIN HYATT FARBER 

SCHRECK LLP

By: /s/ Jonathan C. Sandler

(As authorized on May 27, 2015)

Jonathan C. Sandler

2049 Century Park East, Suite 3550

Los Angeles, CA 90067

Telephone: 310-500-4600

Facsimile: 310-500-4602

Counsel for Defendant Hector Absi

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STIPULATION AND ORDER (1) SETTING TIME FOR FILING OF CONSOLIDATED CLASS ACTION COMPLAINT AND (2)

ESTABLISHING BRIEFING SCHEDULE FOR RESPONSIVE MOTION(S)

MASTER FILE NO. : 2:14-CV-2571-MCE-KJN

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ORDER

Pursuant to the parties’ stipulation, it is hereby ordered that:

1. Lead Plaintiffs shall file and serve the Consolidated Complaint no later than sixty 

(60) days after MBII announces the Restatement(s).

2. Defendants shall file and serve any responsive pleading(s) or motion(s) to 

dismiss no later than sixty (60) days after the filing and service of the Consolidated Complaint.

3. If a motion to dismiss is filed, Lead Plaintiffs shall file and serve their opposition 

brief(s) no later than forty-five (45) days after Defendants file and serve their motion(s) to 

dismiss.

4. Defendants shall file and serve their reply(ies) in further support of the motion(s) 

to dismiss no later than twenty-one (21) days after Lead Plaintiffs file and serve their opposition 

brief(s).

5. In the event Defendants’ motion(s) to dismiss are denied in whole or in part, 

Lead Plaintiffs and Defendants shall meet and confer within forty-five (45) days of the Court’s 

disposition of Defendants’ motion(s) to dismiss to address the discovery-related topics set forth 

in the Court’s Order Requiring Joint Status Report and will thereafter submit to the Court a Rule 

26(f) discovery plan consistent with that Order.

IT IS SO ORDERED. 

Dated: June 3, 2015

Case 2:14-cv-02571-MCE-KJN Document 33 Filed 06/04/15 Page 9 of 9