Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_07-cv-00872/USCOURTS-cand-4_07-cv-00872-1/pdf.json

Nature of Suit Code: 160
Nature of Suit: Stockholder's Suits
Cause of Action: 15:78m(a) Securities Exchange Act

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[PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT

CASE NOS. C07-0872-SBA AND C07-1401-SBA 

SCHIFFRIN BARROWAY 

 TOPAZ & KESSLER, LLP 

Alan R. Plutzik, of Counsel (Bar No. 077785) 

2125 Oak Grove Road, Suite 120 

Walnut Creek, California 94598 

Phone: 925-945-0770 

Fax: 925-945-8792 

-andLee D. Rudy 

Michael J. Hynes 

Tara P. Kao 

280 King of Prussia Road 

Radnor, PA 19087 

Phone: (610) 667-7706 

Fax: (610) 667-7056 

Counsel for Plaintiffs 

Trudy Murray and Gerald Redwing 

[Additional Counsel on Signature Page] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

TRUDY MURRAY, on behalf of Embarcadero 

TECHNOLOGIES, INC., 

 Plaintiff, 

 v. 

STEPHEN R. WONG, et. al., 

 Defendants. 

 Case No. C07-0872-SBA 

 ORDER PRELIMINARILY 

APPROVING SETTLEMENT 

GERALD E. REDWING, on behalf of 

Embarcadero TECHNOLOGIES, INC., 

 Plaintiff, 

 v. 

STEPHEN R. WONG, et. al., 

 Defendants. 

 

Case No. C07-1401-SBA 

Case 4:07-cv-00872-SBA Document 37 Filed 10/05/07 Page 1 of 4
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[[PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT 

CASE NOS. C07-0872-SBA AND C07-1401-SBA 

Plaintiffs Trudy Murray and Gerald Redwing (“Plaintiffs”) on behalf of themselves and the 

Class (as defined in the Stipulation), and Nominal Defendant Embarcadero Technologies, Inc. 

(“Embarcadero” or the “Company”), Stephen R. Wong, Timothy C.K. Chou, Gary E. Haroian, 

Robert Lamvik, Frank M. Polestra, Michael J. Roberts, Raj P. Sabhlok, Walter F. Scott, III, Samuel 

T. Spadafora, Dennis J. Wong, Stephen C. Ferruolo and Michael Shahbazian (collectively, the 

“Individual Defendants,” and together with Embarcadero, the “Defendants,” together with the 

Plaintiffs, the “Parties”), having filed a motion for preliminary approval of the Stipulation of 

Settlement (the “Stipulation”) and the settlement contained therein (the “Settlement”) entered into 

by the Parties on or about September 26, 2007; said motion having come on for hearing before the 

above-entitled Court; the Court having reviewed and considered all documents, evidence and 

arguments of counsel presented in support of said motion; the Court being fully advised of the 

premises and good cause appearing therefore, the Court enters this Order Preliminarily Approving 

Settlement (the “Order”) and, subject to final determination by the Court as to the fairness, 

reasonableness, and adequacy of the Settlement, finds and orders as follows: 

1. Unless otherwise stated herein, all capitalized terms contained in this Order shall 

have the same meaning and effect as stated in the Stipulation. 

2. The Court preliminarily certifies, for purposes of effectuating this Settlement only, a 

non-opt-out Class pursuant to FED. R. CIV. P. 23 consisting of the following: 

all holders of Embarcadero common stock and their successors in interest and 

transferees, immediate and remote, from April 4, 2007 through June 22, 2007, other 

than Defendants and any person, firm, trust, corporation, or other entity related to or 

affiliated with any of the Defendants. 

3. For purposes of this Settlement only, the Court preliminarily finds and concludes 

pursuant to FED. R. CIV. P. 23(a) and (b)(2) that: (a) the Class is so numerous that joinder of all 

members is impracticable; (b) there are questions of law or fact common to the Class which 

predominate over any individual questions; (c) the claims of the Plaintiffs are typical of the claims 

of the Class; (d) Plaintiffs and Plaintiffs’ Counsel have fairly and adequately protected the interests 

of the Class; and (e) the predominant relief sought for the Class involves the uniform group 

Case 4:07-cv-00872-SBA Document 37 Filed 10/05/07 Page 2 of 4
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[PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT

CASE NOS. C07-0872-SBA AND C07-1401-SBA

remedies of injunctive and declaratory relief and such relief is applicable and appropriate with 

respect to the Class as a whole. 

4. The Settlement, and the terms and conditions set forth thereby, is preliminarily 

approved as fair, reasonable, and adequate. 

5. The Notice specified in the Stipulation constitutes sufficient notice to the Class. 

Within fourteen (14) days after entry of this Order, the Plaintiffs shall disseminate Notice to the 

Class in accordance with the terms of the Stipulation, using the best address information that is 

presently available to the Parties as confirmed through a certified, national change of address 

database. The costs and expenses of printing, preparing, and disseminating the Notice shall be 

borne by the Plaintiffs in accordance with the terms of the Stipulation. 

6. The Settlement Hearing shall be held by this Court on January 29, 2008, at 1:00 

p.m., to consider and finally determine whether the Settlement is fair, reasonable, and adequate, 

and to hear objections, if any, made to the Settlement or any of its terms. During the Settlement 

Hearing, the Court will also rule upon the agreed-to Fees and Expenses award. The Settlement 

Hearing may be postponed, adjourned, or continued by order of the Court without further notice to 

the Class. 

7. If the Settlement receives Final approval by the Court (“Final Court Approval”), the 

Court shall enter the Order and Final Judgment (the “Final Order”). The Final Order shall be fully 

binding with respect to all members of the Class in accordance with the terms of the Stipulation. 

8. The Court adjudges that, upon the Effective Date, Plaintiffs and all members of the 

Class, together with their legal representatives, agents, heirs, successors in interest, transferees, and 

assigns, shall be deemed to have and by operation of the judgment shall have, fully, finally, and 

forever released, relinquished, and discharged all Released Claims against the Released Parties. 

9. The Court adjudges that, upon the Effective Date, each of the Released Parties shall 

be deemed to have, and by operation of the judgment shall have, fully, finally, and forever 

released, relinquished, and discharged all claims (including unknown claims), arising out of, 

relating to, or in connection with the institution, prosecution, assertion, settlement, or resolution of 

the Actions or the Released Claims against Plaintiffs and Plaintiffs’ Counsel. 

Case 4:07-cv-00872-SBA Document 37 Filed 10/05/07 Page 3 of 4
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[PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT

CASE NOS. C07-0872-SBA AND C07-1401-SBA

10. All discovery and other proceedings in the Actions, and any and all related actions 

or proceedings (including discovery) by, on behalf of, or through any member of the Class against 

any of the Defendants (excluding, however, those proceedings within the Actions necessary to 

obtain certification of the Class and final approval of the Settlement embodied in the Stipulation), 

are stayed and suspended until further order of this Court, except such actions as may be necessary 

to implement the Settlement or this Order. 

11. In the event that the Settlement does not receive Final Court Approval, or the 

Settlement is terminated, rescinded, or fails to become effective in accordance with its terms, the 

Parties shall be restored to their respective positions in the litigation of the Actions as of August 6, 

2007, and all claims and defenses, including the right to assert jurisdictional defenses, shall not be 

deemed to be waived. In such event, the terms and provisions of the Stipulation shall have no 

further force and effect with respect to the Parties and shall not be used in any proceeding for any 

purpose, and any judgment or order entered by the Court in accordance with the terms of the 

Stipulation shall be treated as vacated, nunc pro tunc. 

12. The dates of performance of this Order are as follows: 

(i) The Person designated to administer Notice shall cause the Notice to 

be mailed to all reasonably identifiable members of record of the 

Class within fourteen (14) days of the entry of this Order; 

(ii) Objections to the Settlement and notices of intention to appear at the 

Settlement Hearing shall be deemed timely only if postmarked at 

least fourteen (14) days before the Final Approval Hearing. 

(iii) Plaintiffs’ Counsel shall file and serve papers in support of Final 

Court Approval of the Settlement, which shall include any responses 

to any objections and request for the Fees and Expenses award at 

least seven (7) days before the Final Approval Hearing. 

(iv) Defendants shall file and serve papers, if any, in support of Final 

Court Approval, if any, at least seven (7) days before the Final 

Approval Hearing. 

(v) The Settlement Hearing shall be held on January 29, 2008, at 1:00 

p.m.. 

DATED: October 4, 2007 

 ________________________________________________ 

 THE HONORABLE SAUNDRA BROWN ARMSTRONG 

UNITED STATE DISTRICT COURT JUDGE 

Case 4:07-cv-00872-SBA Document 37 Filed 10/05/07 Page 4 of 4