Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_02-cv-03383/USCOURTS-cand-3_02-cv-03383-3/pdf.json

Nature of Suit Code: 160
Nature of Suit: Stockholder's Suits
Cause of Action: 15:77 Securities Fraud

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Revised [Proposed] Final Judgment and Order 

Case No. 02-C-03383 JSW 

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UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

In re VAN WAGONER FUNDS, INC. 

SECURITIES LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

Master Case No. 02-C-03383 JSW 

CLASS ACTION

REVISED [PROPOSED] FINAL 

JUDGMENT AND ORDER 

Judge: Hon. Jeffrey S. White 

Courtroom: 2 

Date: N/A 

Time: N/A 

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FINAL JUDGMENT AND ORDER

This matter came before the Court for hearing on ____________ pursuant to 

the Order of this Court, on the application of the parties for approval of the 

settlement set forth in the Stipulation of Settlement dated as of ______________ 

(the “Stipulation”). Due and adequate Notice having been given to the Class as 

required in said Order, and the Court having considered all papers filed and 

proceedings had herein and otherwise being fully informed in the premises and 

good cause appearing therefore, IT IS HEREBY ORDERED, ADJUDGED 

AND DECREED that: 

1. This Judgment incorporates by reference the definitions in the 

Stipulation, and all terms used herein shall have the same meanings as set forth in 

the Stipulation. 

2. This Court has jurisdiction over the subject matter of the Consolidated 

Securities Action and over all parties to the Consolidated Securities Action, 

including all Members of the Class. 

3. “Class” and “Class Members” means Plaintiffs and all other persons 

and entities, and their successors in interest and transferees, direct or indirect, 

immediate or remote, who purchased any shares of Van Wagoner Emerging 

Growth Fund, Van Wagoner Technology Fund, Van Wagoner Mid Cap Growth 

Fund, Van Wagoner Post Venture Fund, and/or Van Wagoner Micro Cap Growth 

Fund, or any of their predecessor or successor funds, issued by Van Wagoner 

Funds during the period from February 28, 2000 through August 21, 2001. 

Excluded from the Class are Settling Defendants; members of the families of each 

individual defendant; any entity in which any defendant has a majority-owned 

interest; officers and directors of Settling Defendants and their majority-owned 

subsidiaries and affiliates; and the legal representatives, heirs, successors, or 

assigns of any such excluded party. Also excluded from the Class are any putative 

Class Members who excluded themselves by filing a request for exclusion in 

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June 17, 2005

November 15, 2004

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Case No. 02-C-03383 JSW 

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accordance with the procedures set forth in the Court’s Order Preliminarily 

Approving Settlement and Providing For Notice. 

4. Pursuant to Federal Rule of Civil Procedure 23, this Court hereby 

approves the settlement set forth in the Stipulation and finds that said settlement 

was entered into in good faith and is, in all respects, fair, reasonable and adequate 

to the Class. 

5. Except as to any individual claim of those persons who have validly 

and timely requested exclusion from the Class, the Consolidated Securities Action 

and all claims contained therein, as well as all of the Released Claims, are 

dismissed with prejudice as to the Lead Plaintiffs and the other Members of the 

Class, as against each and all of the Released Persons. The Settling Parties are to 

bear their own costs, except as otherwise provided in the Stipulation. 

6. The Court finds that the Stipulation and settlement were entered into 

in good faith and are fair, reasonable and adequate as to the Class, and that the 

Stipulation and settlement are hereby finally approved in all respects, and the 

Settling Parties are hereby directed to perform its terms. 

7. Upon the Effective Date hereof, Plaintiffs do and each of the Class 

Members shall be deemed to have, and by operation of this Judgment shall have, 

fully, finally, and forever released, relinquished and discharged, and shall forever 

be barred and enjoined from prosecuting, any and all Released Claims and 

Unknown Claims, including any and all claims, demands, rights, liabilities, and 

causes of actions of every nature and description whatsoever, whether based in law 

or equity, on federal, state, local, statutory or common law, or any other law, rule 

or regulation, known or unknown, asserted or that might have been asserted, 

including, without limitation, claims for fraud, negligent misrepresentation, or 

violations of any state or federal statutes or regulations by Plaintiffs or any Class 

Member, on behalf of themselves, their heirs, executors, administrators, 

successors, and assigns against Settling Defendants or the Released Persons or any 

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of them arising out of, relating to, or in connection in any way with (i) the 

Securities Action, the Consolidated Securities Action, and the Complaint; (ii) all 

the claims that have been or could have been asserted or raised in the Derivative 

Action; (iii) all the claims that could have been raised relating to or arising out of 

the SEC Settlement; or (iv) all the claims relating in any way to the liquidity, 

pricing, valuations, investments in or sales of private equity securities by Settling 

Defendants or the Released Persons, but excluding those claims that have been or 

could be asserted by the Plaintiffs against Ernst & Young. 

8. Pursuant to 15 U.S.C. Section 78u-4(f)(7)(A), the Settling Defendants 

and Released Persons are herby discharged of all obligations to the Class and shall 

be (i) discharged from all claims for contributions arising out of this action by any 

person against the Settling Defendants or Released Persons and (ii) barred from 

asserting any claims for contribution arising out of this action against any person, 

other than a person whose liability has been extinguished by the settlement of the 

Settling Defendants or Released Persons. Any future verdict or judgment that may 

be rendered for Plaintiffs and/or the Class and/or any member thereof against any 

non-settling party to this action (including Ernst & Young) shall be reduced by the 

greater of (i) an amount that corresponds to the total percentage of responsibility of 

all Settling Defendants and Released Persons or (ii) the amount paid to Plaintiffs 

by or on behalf of all Settling Defendants and Released Persons. 

9. Each of the releases set forth or referred to in the Stipulation shall be 

and is hereby deemed to be in effect as of the Effective Date of the Stipulation. 

10. The Notice of Pendency and Proposed Settlement of Class Action 

given to the Class was the best notice practicable under the circumstances, 

including the individual notice to all Class Members who could be identified 

through reasonable effort. Said notice provided the best notice practicable under 

the circumstances of those proceedings and of the matters set forth therein, 

including the proposed settlement set forth in the Stipulation, to all Persons entitled 

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to such notice, and said notice fully satisfied the requirements of Federal Rule of 

Civil Procedure 23 and the requirements of due process. 

11. Any order entered regarding the attorneys’ fees application shall in no 

way disturb or affect this Final Judgment and shall be considered separate from 

this Final Judgment. 

12. Neither the Stipulation nor the settlement contained therein, nor any 

act performed or document executed pursuant to or in furtherance of the 

Stipulation or the settlement shall be construed or may be deemed to be evidence 

of or an admission or concession on the part of any Setting Defendant with respect 

to any claim or any fault or liability or wrongdoing or damage whatsoever, or any 

infirmity in the contentions and defenses that Settling Defendants have asserted. 

13. Without affecting the finality of this Judgment in any way, this Court 

hereby retains continuing jurisdiction over: (a) implementation of this settlement; 

(b) hearing and determining applications for attorneys’ fees, interest and expenses 

in the Consolidated Securities Action; and (c) all parties hereto for the purpose of 

construing, enforcing and administering the Stipulation. 

14. The Court finds that during the course of the Consolidated Securities 

Action, the Settling Parties and their respective counsel at all times complied with 

the requirements of Federal Rule of Civil Procedure 11. 

15. In the event that the settlement does not become effective in 

accordance with the terms of the Stipulation, or the Effective Date does not occur, 

or in the event that the Settlement Fund, or any portion thereof, is returned to 

Settling Defendants, then this Judgment shall be rendered null and void to the 

extent provided by and in accordance with the Stipulation and shall be vacated, all 

orders entered and releases delivered in connection herewith shall be null and void 

to the extent provided by and in accordance with the Stipulation; and in such event, 

the Settling Parties shall revert to their litigation positions as of November 10, 

2004.

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December 13,

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IT IS SO ORDERED.

Dated: __________________ 

 THE HONORABLE JEFFREY S. WHITE 

 United States District Court Judge 

Respectfully Submitted By 

PETER M. STONE

JAY C. GANDHI

PAUL, HASTINGS, JANOFSKY & WALKER LLP 

Seventeenth Floor 

695 Town Center Drive 

Costa Mesa, CA 92626-1924 

Telephone: (714) 668-6200 

Facsimile: (714) 979-1921 

Attorneys for Defendants

Van Wagoner Funds, Inc., Van Wagoner Capital

Management, Inc., Garrett R. Van Wagoner,

Larry P. Arnold, Robert S. Colman and Peter R. Kris 

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June 23, 2005 /s/ Jeffrey S. White

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