Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_01-cv-21029/USCOURTS-cand-5_01-cv-21029-3/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

---

1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

In re NEXTCARD, INC. SECURITIES 

LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

) 

) 

) 

) 

) 

) 

) 

) 

Master File No. C-01-21029-JF(EI) 

CLASS ACTION

[PROPOSED] ORDER AWARDING 

ATTORNEYS’ FEES AND 

REIMBURSEMENT OF EXPENSES 

DATE: December 2, 2005 

TIME: 11:00 a.m. 

COURTROOM: The Honorable 

Jeremy Fogel 

-----------------

Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 1 of 7
[PROPOSED] ORDER AWARDING ATTORNEYS’ FEES AND REIMBURSEMENT OF EXPENSES -

C-01-21029-JF(EI) - 1 -

1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

THIS MATTER having come before the Court on December 2, 2005, on the application of 

Co-Lead Counsel for an award of attorneys’ fees and reimbursement of expenses incurred in the 

Litigation; the Court, having considered all papers filed and proceedings conducted herein, having 

found the settlement of this Litigation to be fair, reasonable and adequate and otherwise being fully 

informed in the premises and good cause appearing therefor; 

IT IS HEREBY ORDERED, ADJUDGED AND DECREED that: 

1. All of the capitalized terms used herein shall have the same meanings as set forth in 

the Stipulation of Settlement with Ernst & Young, LLP dated as of December 1, 2004 (the 

“Stipulation”). 

2. This Court has jurisdiction over the subject matter of the application and all matters 

relating thereto, including all Members of the Settlement Class who have not timely and validly 

requested exclusion. 

3. The Court hereby awards Co-Lead Counsel attorneys’ fees of 20% of the Settlement 

Fund and reimbursement of expenses in an aggregate amount of $298,982.63 together with the 

interest earned thereon for the same time period and at the same rate as that earned on the Settlement 

Fund until paid. The Court finds that the percentage fee awarded enjoys a presumption of 

reasonableness because it was negotiated with the Lead Plaintiffs at the outset of the Litigation. The 

Court also finds that the amount of fees awarded is fair and reasonable under the “percentage-ofrecovery” method. Said fees shall be allocated by Co-Lead Counsel in a manner which, in their 

good-faith judgment, reflects each counsel’s contribution to the institution, prosecution and 

resolution of the Litigation. 

Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 2 of 7
[PROPOSED] ORDER AWARDING ATTORNEYS’ FEES AND REIMBURSEMENT OF EXPENSES -

C-01-21029-JF(EI) - 2 -

1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

4. The awarded attorneys’ fees and expenses, and interest earned thereon, shall be paid 

to Co-Lead Counsel from the Settlement Fund immediately after the date this Order is executed 

subject to the terms, conditions, and obligations of the Stipulation and in particular ¶6.2 thereof, 

which terms, conditions, and obligations are incorporated herein. 

IT IS SO ORDERED. 

DATED: _____________________ 

 THE HONORABLE JEREMY FOGEL 

UNITED STATES DISTRICT JUDGE 

Submitted by: 

 LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

JEFFREY W. LAWRENCE 

CHRISTOPHER P. SEEFER 

100 Pine Street, Suite 2600 

San Francisco, CA 94111 

Telephone: 415/288-4545 

415/288-4534 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

WILLIAM S. LERACH 

JOY ANN BULL 

/s/ Joy Ann Bull 

JOY ANN BULL 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

TAMARA J. DRISCOLL (pro hac vice) 

1700 Seventh Avenue, Suite 2260 

Seattle, WA 98101 

Telephone: 206-749-5544 

206-749-9978 (fax) 

12/2/05 s/electronic signature authorized

Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 3 of 7
[PROPOSED] ORDER AWARDING ATTORNEYS’ FEES AND REIMBURSEMENT OF EXPENSES -

C-01-21029-JF(EI) - 3 -

1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

BERNSTEIN LITOWITZ BERGER & 

 GROSSMANN LLP 

ALAN SCHULMAN 

ROBERT S. GANS 

ALICIA M. DUFF 

12544 High Bluff Drive, Suite 150 

San Diego, CA 92130 

Telephone: 858/793-0070 

858/793-0323 (fax) 

Co-Lead Counsel for Lead Plaintiffs and the 

Class 

S:\Settlement\NextCard.set\ORD FEE 00026262.doc 

Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 4 of 7
1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

DECLARATION OF SERVICE BY MAIL

PURSUANT TO NORTHERN DISTRICT LOCAL RULE 23-2(c)(2) 

I, the undersigned, declare: 

1. That declarant is and was, at all times herein mentioned, a citizen of the United States 

and a resident of the County of San Diego, over the age of 18 years, and not a party to or interested 

party in the within action; that declarant’s business address is 655 West Broadway, Suite 1900, San 

Diego, California 92101. 

2. That on November 22, 2005, declarant served the [PROPOSED] ORDER 

AWARDING ATTORNEYS’ FEES AND REIMBURSEMENT OF EXPENSES by depositing a 

true copy thereof in a United States mailbox at San Diego, California in a sealed envelope with 

postage thereon fully prepaid and addressed to the parties listed on the attached Service List and that 

this document was forwarded to the following designated Internet site at: 

http://securities.lerachlaw.com/

3. That there is a regular communication by mail between the place of mailing and the 

places so addressed. 

I declare under penalty of perjury that the foregoing is true and correct. Executed this 22nd 

day of November, 2005, at San Diego, California. 

/s/ Yvette D. Gray 

YVETTE D. GRAY 

Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 5 of 7
Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 6 of 7
Case 5:01-cv-21029-JF Document 319 Filed 12/05/05 Page 7 of 7