Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_06-cv-04592/USCOURTS-cand-5_06-cv-04592-34/pdf.json

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

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8 UNITED STATES DISTRICT COURT

9 NORTHERN DISTRICT OF CALIFORNIA

10 SAN JOSE DIVISION

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12 In re ATMEL CORPORATION DERIVATIVE Master File No. CV 06-4592-JF

LITIGATION 1,

1)

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This Document Related To;

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All Actions.

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19 IPROPOSEDI REVISED ORDER PRELIMINARILY

APPROVING SETTLEMENT AND PROVIDING FOR NOTICE

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Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 1 of 7
This matter came on for hearing on December 18, 2009. The Settling Parties have made

2 application, pursuant to Federal Rule of Civil Procedure 23.1, for an order: (i) preliminarily

3 approving the proposed settlement of the above-captioned shareholder derivative action and the

4 related State Actions pending in the Superior Court of the State of California, County of Santa

5 Clara, and the Court of Chancery of the State of Delaware, in accordance with the Settlement

6 Agreement dated December 9, 2009 (the Agreement”) and (ii) approving for distribution of the

7 Notice of Settlement.

8 IT IS HEREBY ORDERED, ADJUDGED, AND DECREED AS FOLLOWS:

9 1, The Court, for purposes of this Preliminary Order, adopts the definitions set forth

10 in paragraphs 1.1 through 1.31 of the Agreement.

11 2. The Court preliminarily approves the settlement of the Actions set forth in this

12 Agreement as falling within the range of possible approval and meriting submission to Current

13 Atmel Shareholders for consideration.

14 3, Not later than January 29, 2010, Atmel shall cause a Notice of Proposed

15 Settlement, substantially in the form of Exhibit B to the Agreement. to be filed with the

16 Securities and Exchange Commission (“SEC”) on Form 8-K. Atmel shall also file a copy of this

17 Agreement as an exhibit to the Form 8-K.

18 4. Not later than January 29, 2010, Atmel shall issue a press release regarding the

19 Agreement and shall post a link to the Notice of Proposed Settlement on its website.

20 5. Not later than January 29, 2010, Atmel shall cause a summary notice of proposed

21 settlement to be published in Investors Business Daily. Atmel shall bear the costs of this

22 advertisement.

23 6. The Court finds that dissemination of information regarding the proposed

24 settlement in the manner set out in this Order constitutes the best notice practicable under the

25 circumstances and complies fully with Rule 23.1 of the Federal Rules of Civil Procedure and the

26 United States Constitution.

27 7. A settlement hearing shall be held on March 26, 2010 at 10:30 a.m., at the United

28 States District Court for the Northern District of California, 280 South First Street, San Jose, CA

SErTLEMINT AGREEMEN I 1

CAsE3 No. 06-04592 JF

1718358.1

Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 2 of 7
95113, at which the Court will determine: (i) whether the terms of the Agreement should be

approved as fair, reasonable, and adequate: (ii) whether the separately negotiated payment of

Plaintiffs’ Counsel’s attorneys’ fees and expenses should be approved; and (iii) whether the

above-entitled action should be dismissed on the merits and with prejudice. The Court may

adjourn or continue the hearing without further notice to Current Atmel Shareholders.

8. Any Current Atmel Shareholder who objects to the settlement of the Actions, or

to the separately negotiated payment of Plaintiffs’ Counsel’s attorneys’ fees and expenses, shall

have a right to appear and be heard at the settlement hearing. Any such person must file with the

Court and deliver to Plaintiffs’ Counsel a written notice of objection postmarked on or before

March 12, 2010. The objection should be accompanied by proof of ownership of Atmel stock,

and shall contain a plain statement of the person’s objections, along with any documents or other

evidence the person wishes the Court to consider. Only Shareholders who have filed and

delivered valid and timely written notices of objection will be entitled to be heard at the hearing,

unless the Court orders otherwise. Federal Plaintiffs’ Counsel shall provide copies of any and all

such notices of objection to Counsel for Defendants at least five business days before the

settlement hearing.

9. All paper including memoranda or briefs in support of the settlement shall be

filed and saved seven (7) calendar days prior to the settlement hearing.

10. Any Current Atmel Shareholder who does not make an objection in the manner

provided herein shall be deemed to have waived any such objection.

11. All discovery and other proceedings between and among the Settling Parties in

the Actions are hereby stayed and/or enjoined until further order of the Court, except as may be

necessary to implement the settlement of the Actions or comply with the terms of this

Agreement.

12. Atmel, Settling Defendants, and all Current Atmel Shareholders are hereby barred

from commencing or prosecuting any direct or representative action asserting any of the Settled

Claims against any of the Released Persons unless and until the Agreement is terminated

according to its terms.

SETTLEMENT AGREEMENT 2 CASE No. 06-04592 iF

1718358.1

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Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 3 of 7
13. The Court may, for good cause, extend any of the deadlines set forth in the Order

2 without further notice to Current Atmel Shareholders.

3 14. Neither this Preliminary Order, nor any of its terms or provisions, nor any of the

4 negotiations or proceedings connected with it, shall be referred to, offered as evidence, or

5 received in evidence in any pending or future civil, criminal, or administrative action or

6 proceedings, except in a proceeding to enforce the Preliminary Order, to defend against the

7 assertion of the Settled Claims, or as otherwise required by law.

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DATED:_________________

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THE HONORABLE JEREMY FOGEL

10 UNITED STATES DISTRICT JUDGE

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SETTLEMENT AGREEMENT 3 CASE No. 06-04592 JF

1718358.1

1/14/10

Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 4 of 7
2 1, Marta Stasik, 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 in the within action; that declarant’s business address is 750 B Street, Suite 2770, San

6 Diego, California 92101.

2. That on January 12. 2010. declarant served the following documents:

IPROPOSEDI REVISED ORDER PRELIMINARILY 8 APPROVING SETTLEMENT AND PROVIDING FOR NOTICE

9 via CM/ECF to the parties listed on the attached Service List.

10 3. That there is regular communication between the parties.

11 1 declare under penalty of perjury that the foregoing is true and correct. Executed this

12 12th day ofJanuary 2010, at San Diego, California.

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SETTLEN1INT AGREEMENT 4

CASE No. 06-04592 JF

1718358.1

Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 5 of 7
ATMEL CORPORATION

Service List -- September 27. 2006

Page 1

COUNSEL FOR PLAINTIFFS

Francis M. Gregorek

Betsy C. Manifold

Rachele R. Rickert

WOLF HALDENSTEIN ADLER

FREEMAN & HERZ LLP

750 B Street, Suite 2770

San Diego. CA 92101

619/239-4599

619/234-4599 (fax)

gregorekwhafhcom

manifold>whafh.com

nckert(whath. corn

Eric L. Zagar

Eric Lechtzin

Tara Kao

BARROWAY TOPAZ KESSLER

MELTZER & CHECK LLP

280 King of Prussia Road

Radnor, PA 19087

610/667-7706

610/667-7056 (fax)

ezagarbtkmc .com

tkao@btkmc.com

Nichole Browning

BARROWAY TOPAZ KESSLER

MELTZER & CHECK LLP

580 California Street, Suite 1750

San Francisco, CA, CA 94104

415/400-3000

415/400-3001 (fax)

nbrowningbtkmc .com

Alan R. Plutzik

L. Timothy Fisher

BRAMSON. PLUTZIK, MAHLER &

BIRKIIAEUSER, LLP

2125 Oak Grove Road, Suite 120

Walnut Creek, CA 94598

925/945-0200

925/945-8792

aplutzikbramsonp1utzik.corn

1tfisher(bramsonpl utzik.com

Attorneys for Plaintiffs James Juengling

and Kenneth Kelley

COUNSEL FOR DEFENDANTS

Darryl P. Rains

Kenneth A. Kuwayti

Brian L. Levine

MORRISON & FOERSTER LLP

755 Page Mill Road

Palo Alto, CA 94304-1018

650/813-5600

650/494-0792 (fax)

drains@mofo.com

kkuwaytimofo.com

blevine@mofo.com

Attorneys for Defendants Graham Turner,

Steven Laub, Kris Chellam, Jack Peckham,

Donald Colvin. B. Jeffrey Katz, Francis

Barton, T. Peter Thomas, Chaiho Kim,

David Sugushita and Pierre Fougere and

Nominal Defendant Atmel Corporation

Counsel for Plaintiff Anthony A. Noble

Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 6 of 7
ATMEL CORPORATION

Service List -- September 27, 2006

Page 2

COUNSEL FOR DEFENDANTS

John L. Cooper

Jessica K. Nail

Grace Won

Paul Alsdorf

FARELLA BRAUN + MARTELL LLP

Russ Building, 30th Floor

235 Montgomery Street

San Francisco, CA 94104

415/954-4400

415/954-4480 (fax)

j cooper@fl,m.corn

jnall@fbm.com

gwon’fbm.com

pa1sdorfifbm.com

Attorneys for Defendants Gust Perlegos and

George Perlegos

James L. Pagano

Ian A. Kass

PAGANO & KASS, APC

96 North Third Street, Suite 525

San Jose, CA 95112-5572

408/999-5678

408/999-5684 (fax)

pagano1aw(Zlaol.com

Attorney for Defendant Mikes Sisois

Michael D. Torpey

Karen J. Stambaugh

W. Reece Bader

Kenneth P. Herzinger

Amy Ross

Lily Becker

ORRICK. 1-IERRINGTON

& SUTCLIFFE LLP

The Orrick Building

405 Howard Street

San Francisco, CA 94 105-2669

415/773-5700

415/773-5759 (fax)

kstambaughorrick.com

mtorpeyorrick.com

wrbader@orrick.com

kherzingerorrick.com

aross@orrick.com

lbecker@orrick.com

Attorneys for Defendant Michael Ross

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Case 5:06-cv-04592-JF Document 279 Filed 01/21/10 Page 7 of 7