Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_12-cv-04061/USCOURTS-cand-3_12-cv-04061-16/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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28 STIPULATION AND [PROPOSED] ORDER Case No. 3:12-cv-04061-RS 

TO STAY DEFENDANT SHI’S TIME TO 

ANSWER SAC AND ADJOURN CMC AND FILING OF 

JOINT CMC STATEMENT 

Steven J. Toll 

Daniel S. Sommers (admitted pro hac vice) 

Elizabeth Aniskevich 

COHEN MILSTEIN SELLERS & TOLL PLLC 

1100 New York Avenue, N.W. 

East Tower, Suite 500 

Washington, D.C. 20005 

Telephone: (202) 408-4600 

Fax: (202) 408-4699 

Patrick V. Dahlstrom (admitted pro hac vice) 

Joshua B. Silverman (admitted pro hac vice) 

Louis C. Ludwig (admitted pro hac vice) 

POMERANTZ GROSSMAN HUFFORD 

DAHLSTROM & GROSS LLP 

10 South LaSalle St., Suite 3505 

Chicago, Illinois 60603 

Telephone: (312) 377-1181 

Fax: (312) 377-1184 

Email: pdahlstrom@pomlaw.com 

Co-Lead Counsel for Lead Plaintiffs James 

Bachesta, Thanh Le and Chen Weifeng

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

SCOTT BRUCE, Individually and on Behalf of 

All Others Similarly Situated, 

Plaintiff, 

v. 

SUNTECH POWER HOLDINGS CO., LTD. 

and ZHENGRONG SHI, 

Defendants. 

 Case No. 3:12-cv-04061-RS 

STIPULATION AND [PROPOSED] 

ORDER TO STAY DEFENDANT 

ZHENGRONG SHI’S TIME TO 

ANSWER THE CONSOLIDATED 

SECOND AMENDED CLASS ACTION 

COMPLAINT AND TO ADJOURN THE 

INITIAL CASE MANAGEMENT 

CONFERENCE AND FILING OF A 

JOINT CASE MANAGEMENT 

STATEMENT 

Judge: Hon. Richard Seeborg 

Case 3:12-cv-04061-RS Document 135 Filed 04/03/15 Page 1 of 5
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STIPULATION AND [PROPOSED] ORDER Case No. 3:12-cv-04061-RS 

TO STAY DEFENDANT SHI’S TIME TO 

ANSWER SAC AND ADJOURN CMC AND FILING OF 

JOINT CMC STATEMENT 

 1 

Pursuant to Civil Local Rules 6-2 and 7-12, lead plaintiffs James Bachesta, Thanh Le, and 

Chen Weifeng (collectively, the “Lead Plaintiffs”) and defendant Zhengrong Shi (“Dr. Shi”) 

(together with the Lead Plaintiffs, the “Parties”), by and through their counsel, hereby agree and 

stipulate that good cause exists to request an order from the Court staying Dr. Shi’s time to answer 

the Consolidated Second Amended Class Action Complaint (the “SAC”) and adjourning the Initial 

Case Management Conference. 

WHEREAS, on August 1, 2014, the Court issued a Clerk’s Notice (Dkt. No. 117) setting 

the Initial Case Management Conference for October 2, 2014; 

WHEREAS, on August 12, 2014, the Court issued an Order (Dkt. No. 119) denying Dr. 

Shi’s Motion to Dismiss the SAC filed by Lead Plaintiffs, and ordered Dr. Shi to “file an answer 

within twenty days;” 

WHEREAS, on August 22, 2014, the Court issued an Order (Dkt. No. 126) extending Dr. 

Shi’s time to answer the SAC to September 30, 2014; 

WHEREAS, on September 11, 2014, the Parties filed a Stipulation and Proposed Order 

informing the Court they would attempt to resolve this action through private mediation (Dkt. No. 

124); 

WHEREAS, on December 2, 2014, the Court entered an Order extending the deadline for 

the Parties to engage in mediation to February 24, 2015, and in light of the Parties’ agreement to 

mediate and at the Parties’ request, the Court issued an Order extending Dr. Shi’s time to answer 

the SAC to March 27, 2015 and rescheduling the Initial Case Management Conference for April 9, 

2015 “[u]nless the Parties advise the Court that the case has been resolved” (Dkt. No 131); 

WHEREAS, on February 24, 2015, the Parties participated in private mediation before the 

Honorable Layn R. Phillips (Ret.) which resulted in a mediator’s proposal to settle this action 

pursuant to a term sheet negotiated by the Parties during the mediation (the “Term Sheet”); 

WHEREAS, on March 11, 2015, the Parties accepted the mediator’s proposal pursuant to 

the terms reflected in the Term Sheet and agreed (subject to the contingencies set forth by the 

Case 3:12-cv-04061-RS Document 135 Filed 04/03/15 Page 2 of 5
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STIPULATION AND [PROPOSED] ORDER Case No. 3:12-cv-04061-RS 

TO STAY DEFENDANT SHI’S TIME TO 

ANSWER SAC AND ADJOURN CMC AND FILING OF 

JOINT CMC STATEMENT 

 2 

Parties) to a settlement that would fully resolve this action; 

WHEREAS, pursuant to the Term Sheet, the Parties shall attempt in good faith to agree 

upon and execute a stipulation of settlement within thirty (30) days of March 11, 2015 and Lead 

Plaintiffs shall file preliminary approval papers within fifteen (15) days thereafter; 

WHEREAS the Parties intend to execute a stipulation of settlement by April 10, 2015 and 

Lead Plaintiffs intend to file preliminary approval papers with the Court by April 27, 2015; 

WHEREAS the Parties believe that, in light of their agreement to settle this action in its 

entirety and in order to avoid the needless waste of the Court’s and the Parties’ resources, it would 

be prudent to stay Dr. Shi’s time to answer the SAC and adjourn the Initial Case Management 

Conference and obligation to file a Joint Case Management Statement until after the Court’s 

resolution of settlement approval proceedings. 

Accordingly, IT IS HEREBY STIPULATED AND AGREED, by the Parties, through their 

undersigned counsel, subject to this Court’s approval, as follows: 

1. Dr. Shi’s time to answer the SAC is hereby stayed pending the Court’s resolution 

of settlement approval proceedings. In the event the settlement approval proceedings do not result 

in the complete resolution of this action, Dr. Shi shall be required to answer the SAC on a date 

ordered by the Court. 

2. The Initial Case Management Conference set for April 9, 2015 is adjourned 

pending the outcome of settlement approval proceedings, and the Parties shall not be required to 

file a Joint Case Management Statement. In the event the settlement approval proceedings do not 

result in the complete resolution of this action, the Initial Case Management Conference shall 

occur on a date ordered by the Court. The Parties shall file a Joint Case Management Statement at 

least one week prior to the Initial Case Management Conference. 

3. This Stipulation is entered into without prejudice to any Party seeking any interim 

relief. 

4. Nothing in this Stipulation shall be construed as a waiver of the Parties’ rights in 

Case 3:12-cv-04061-RS Document 135 Filed 04/03/15 Page 3 of 5
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STIPULATION AND [PROPOSED] ORDER Case No. 3:12-cv-04061-RS 

TO STAY DEFENDANT SHI’S TIME TO 

ANSWER SAC AND ADJOURN CMC AND FILING OF 

JOINT CMC STATEMENT 

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law or equity, or as a waiver of any defenses or claims that the Parties would otherwise have. 

5. There have been three previous modifications to the schedule that the Court set in 

its August 12, 2014 Order for Dr. Shi to answer the SAC. 

6. The Initial Case Management Conference and related deadlines have been 

continued seven times while motions to dismiss were pending and to allow the Parties to engage in 

private mediation. 

7. The Parties do not seek to stay or adjourn the dates set forth herein for the purpose 

of delay, and a stay and adjournment will not have an effect on any pre-trial or trial dates because 

the Court has yet to schedule these dates. 

March 26, 2015 COHEN MILSTEIN SELLERS AND TOLL PLLC 

 /s/ Daniel S. Sommers_____ 

Steven J. Toll 

Daniel S. Sommers (admitted pro hac vice) 

Elizabeth Aniskevich 

1100 New York Avenue, N.W. 

East Tower, Suite 500 

Washington, D.C. 20005 

Telephone: (202) 408-4600 

Fax: (202) 408-4699 

POMERANTZ GROSSMAN HUFFORD 

DAHLSTROM & GROSS LLP 

Patrick V. Dahlstrom (admitted pro hac vice) 

Joshua B. Silverman (admitted pro hac vice) 

Louis C. Ludwig (admitted pro hac vice) 

10 South LaSalle St., Suite 3505 

Chicago, Illinois 60603 

Telephone: (312) 377-1181 

Fax: (312) 377-1184 

Email: pdahlstrom@pomlaw.com 

Co-Lead Counsel for Lead Plaintiffs James Bachesta, 

Thanh Le and Chen Weifeng 

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STIPULATION AND [PROPOSED] ORDER Case No. 3:12-cv-04061-RS 

TO STAY DEFENDANT SHI’S TIME TO 

ANSWER SAC AND ADJOURN CMC AND FILING OF 

JOINT CMC STATEMENT 

 4 

GLANCY BINKOW & GOLDBERG LLP 

 Michael M. Goldberg 

Lionel Z. Glancy 

1925 Century Park East, Suite 2100 

Los Angeles, California 90067 

Telephone: (310) 201-9150 

Facsimile: (310) 201-9160 

Liaison Counsel for Lead Plaintiffs James Bachesta, 

Thanh Le and Chen Weifeng 

 SHEARMAN & STERLING LLP 

 By: /s/ Jerome S. Fortinksy______ 

 Jerome S. Fortinsky (admitted pro hac vice)

 H. Miriam Farber (admitted pro hac vice) 

599 Lexington Avenue 

 New York, NY 10022 

 Telephone: (212) 848-4000 

 Fax: (212) 848-7179 

 Email: jfortinsky@shearman.com 

 mfarber@shearman.com 

 SHEARMAN & STERLING LLP 

 Stephen D. Hibbard 

 Four Embarcadero Center, Suite 3800 

 San Francisco, CA 94111 

 Telephone: (415) 616-1100 

 Fax: (415) 616-1199 

 Email: shibbard@shearman.com 

Attorneys for Defendant Zhengrong Shi 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: March __, 2015 

 ______________________________ 

 Hon. Richard Seeborg 

 United States District Judge 

April 3,

Case 3:12-cv-04061-RS Document 135 Filed 04/03/15 Page 5 of 5