Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-06384/USCOURTS-cand-3_06-cv-06384-10/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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Stipulation Extending Date to Answer 

Case No. 06-CV-06384 CRB 

LESLIE J. HUGHES (CO Bar No. 15043) (hugheslj@sec.gov ) 

LEE C. ROBINSON (CO Bar No. 32734) (robinsonlc@sec.gov ) 

Attorneys for Plaintiff 

U.S. Securities and Exchange Commission 

1801 California Street, Suite 1500 

Denver, Colorado 80202-2656 

Telephone: (303) 844-1000 

Fax: (303) 844-1068 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

__________________________________________ 

SECURITIES AND EXCHANGE Case No. 3:06-CV-06384 CRB 

COMMISSION, STIPULATION CONTINUING 

Plaintiff, DATE TO RESPOND TO FIRST 

AMENDED COMPLAINT AND 

DISCOVERY REQUESTS,

PEREIRA, et al. AND PROPOSED ORDER

Defendants. Courtroom: 8

Judge: Hon. Charles R. Breyer 

__________________________________________ 

Pursuant to Civil Local Rules 6-2 and 7-12, Plaintiff Securities and Exchange 

Commission (“Commission”), and Defendants Romulus Pereira, Robert Stanton, William 

McFarland, Andrew Feldman, L. John Kern, and Lori Cornmesser stipulate that the Defendants 

may have until December 21, 2007 to file answers or other responsive pleadings to the First 

Amended Complaint. 

As grounds for the request, the parties represent that the Plaintiff and the Defendants, 

except Mr. Kern,1

 participated in mediation with the Honorable Fern Smith on June 8, 2007. 

 

1

 Mr. Kern did not participate in mediation because he had negotiated a tentative settlement 

with the SEC prior to the date of the mediation. 

Case 3:06-cv-06384-CRB Document 81 Filed 10/26/07 Page 1 of 5
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Stipulation Extending Date to Answer 

Case No. 06-CV-06384 CRB 

2

Defendants Pereira, Stanton, McFarland, and Cornmesser have made verbal offers of settlement. 

Defendants Pereira, Stanton and McFarland have now submitted written offers, which plaintiff’s 

counsel is submitting to the Commission for consideration. Plaintiff’s counsel is continuing 

settlement discussions with defendants Feldman, Kern, and Cornmesser which may result in 

them submitting written offers of settlement. The Commission’s process of reviewing the offers 

that are submitted by the defendants takes approximately eight weeks. The defendants’ answers 

are currently due on November 2, 2007. This stipulation seeks a fourth extension. Granting the 

extension will save the parties legal expenses, and will allow the Commission to consider the 

defendants’ offers before the answers are due. 

Defendants Pereira and Stanton served interrogatories and requests for production of 

documents upon the Plaintiff on May 25, 2007. The Commission’s responses are currently due 

on November 2, 2007. In light of the offer of settlement, the parties have agreed that the 

Commission’s responses are not due until December 21, 2007. 

The parties respectfully request that the Court grant the request to extend the time to file 

answers or respond to the First Amended Complaint, and for the Commission to respond to the 

Defendants’ discovery requests to December 21, 2007. 

DATED: October 25, 2007 

 Respectfully submitted, 

s/ Leslie J. Hughes 

Leslie J. Hughes, Esq. (Colo. 15043) 

Attorney for Plaintiff 

Securities and Exchange Commission 

1801 California Street, Suite 1500 

Denver, CO 80202-2656 

Telephone (303) 844-1000 

Fax (303) 844-1068 

By: s/ Quyen L. Ta 

Quyen L. Ta 

KEKER & VAN NEST 

710 Sansome Street 

Case 3:06-cv-06384-CRB Document 81 Filed 10/26/07 Page 2 of 5
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Stipulation Extending Date to Answer 

Case No. 06-CV-06384 CRB 

3

San Francisco, CA 94111-1704 

Telephone: (415) 391-5400 

 Facsimile: (415) 397-7188 

Attorneys for Defendants 

ROMULUS S. PEREIRA 

ROBERT B. STANTON 

By: s/ Terri Lilley

 David J. Schindler 

 Robert W. Perrin 

 Terri Lilley 

 LATHAM & WATKINS 

 633 West Fifth, Suite 4000 

 Los Angeles, CA 90071-2007 

 Telephone: (213) 485-1234 

 Fax: (213) 891-8763 

 

Attorneys for Defendant 

ANDREW FELDMAN 

By: s/ Kara L. Erdodi

Kara L. Erdodi, Esq. 

BERLINER COHEN 

 FRANK R. UBHAUS (CA Bar No. 46085) 

 KARA L. ERDODI (CA Bar No. 221093) 

Ten Almaden Boulevard, Eleventh Floor 

San Jose, CA 95113-2233 

Telephone: (408) 286-5800 

 Fax: (408) 998-5388 

Attorneys for Defendant 

LORI H. CORNMESSER 

 

By: s/ David Priebe

David Priebe, Esq. (CA Bar No. 148679) 

David Banie (CA Bar No. 217924) 

 DLA PIPER US LLP 

 2000 University Avenue 

 East Palo Alto, CA 94303-2215 

Telephone: (650) 833-2000 

 Fax: (650) 833-2001 

 Attorneys for Defendant 

 WILLIAM MCFARLAND 

Case 3:06-cv-06384-CRB Document 81 Filed 10/26/07 Page 3 of 5
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Stipulation Extending Date to Answer 

Case No. 06-CV-06384 CRB 

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By: s/ Nicole K. Howell

Nanci L. Clarence, SBN 122286 

Nicole Howell 

Kate Dyer, SBN 171891 

CLARENCE & Dyer LLP 

 889 Ellis Street 

 San Francisco, CA 94109-7807 

Telephone: (415) 749-1800 

 Fax: (415) 749-1694 

 Attorneys for Defendant 

 L. JOHN KERN 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

________________________________ 

Charles R. Breyer 

United States District Judge 

October 26, 2007

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Charles R. Breyer

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Stipulation Extending Date to Answer 

Case No. 06-CV-06384 CRB 

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CERTIFICATE OF SERVICE 

 I hereby declare, under penalty of perjury under the laws of the State of Colorado, that on 

October 25, 2007, I electronically filed the foregoing STIPULATION EXTENDING TIME TO 

RESPOND TO FIRST AMENDED COMPLAINT AND PROPOSED ORDER with the Clerk of 

the Court using the CM/ECF system which will send notification of such filing to the following 

individuals at their e-mail addresses: 

David Banie david.banie@dlapiper.com, trina.walker@dlapiper.com 

Nanci L. Clarence nclarence@clarencedyer.com 

Kate Dyer kdyer@clarencedyer.com 

Kara L. Erdodi kara.erdodi@berliner.com 

Terri Lilley Terri.lilley@lw.com 

Rachael E. Meny rem@kvn.com, efiling@kvn.com; pal@kvn.com 

Nicolas Morgan nicolas.morgan@dlapiper.com, jette.brasher@dlapiper.com 

Elliot R. Peters erp@kvn.com, efiling@kvn.com; aap@kvn.com 

David Priebe david.priebe@dlapiper.com, stacy.murray@dlapiper.com 

Lee C. Robinson robinsonlc@sec.gov 

David J. Schindler david.schindler@lw.com 

Robert W. Perrin Robert.perrin@lw.com 

Quyen Le Ta qta@kvn.com 

Frank R. Ubhaus fru@berliner.com, cep@berliner.com 

DATED: October 25, 2007 

 

s/ Leslie J. Hughes

Leslie J. Hughes 

Case 3:06-cv-06384-CRB Document 81 Filed 10/26/07 Page 5 of 5