Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_04-cv-04908/USCOURTS-cand-5_04-cv-04908-5/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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United States District Court

For the Northern District of California

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United States District Court

For the Northern District of California

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

Lawrence Joseph, On Behalf of Himself and

All Others Similarly Situated,

Plaintiff(s),

 v.

UTSTARCOM, INC., et al.,

Defendant(s).

 /

NO. C 04-04908 JW 

ORDER GRANTING LEAD PLAINTIFF’S 

EX PARTE APPLICATION TO STAY

BRIEFING ON MOTIONS TO DISMISS

On October 7, 2005, Lead Plaintiff filed an ex parte application to stay briefing on Defendants’

motions to dismiss the First Amended Complaint. (See Docket Item No. 85.) Pursuant to various

stipulations, the parties had agreed that Defendants would file their motions by October 10, 2005.

Plaintiff now seeks a stay of the briefing schedule on these motions so that Plaintiff may file a motion

for leave to amend the First Consolidated Class Action Complaint for Violation of Federal Securities Laws. 

The basis for Plaintiff’s application rests with an October 6, 2005 announcement by Defendant

UTStarcom. Plaintiff contends that the announcement caused the stock price to plunge the following

trading day by 26.26% from $7.65 to $5.64. UTStarcom also announced that its final third quarter results

would be released on November 3, 2005. 

In light of the announcement and the resulting effects, Plaintiff alleges that the fraud, which had been

alleged in the First Amended Complaint to have concluded on September 20, 2004, was on-going. 

Plaintiff argues that amending the First Amended Complaint is necessary to include recent disclosures and

Case 5:04-cv-04908-JW Document 92 Filed 10/26/05 Page 1 of 3
United States District Court

For the Northern District of California

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more detailed information soon to be filed with the SEC about the fraud described in the First Amended

Complaint. Plaintiff contends that since the alleged fraud has continued to October 6, 2005, the date of the

latest announcement, an extension of the current class period is warranted.

Defendants have no objection to suspending briefing on the motion to dismiss. Since Defendants

do not object, and the Court concurs that any amended complaint would not be complete without all of the

available facts, Plaintiff’s motion is granted.

Accordingly, the Court vacates its order imposing the stipulated briefing schedule and stays all

briefing on the superseded First Amended Complaint. Plaintiff shall file a motion for leave to amend the

Complaint within 30 days of the entry of this Order.

Dated: October 26, 2005 /s/ James Ware 

JAMES WARE

United States District Judge

Case 5:04-cv-04908-JW Document 92 Filed 10/26/05 Page 2 of 3
United States District Court

For the Northern District of California

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THIS IS TO CERTIFY THAT COPIES OF THIS ORDER HAVE BEEN DELIVERED TO:

Bruce B. Kelson bkelson@shearman.com

Darren J. Robbins e_file_sd@lerachlaw.com

Elizabeth P. Lin elin@milbergweiss.com

Eric J. Belfi ebelfi@murrayfrank.com

Kimberly C. Epstein kimcor@lerachlaw.com

Lionel Z. Glancy info@glancylaw.com

Michael M. Goldberg info@glancylaw.com

Michael M. Goldberg info@glancylaw.com

Patricia I. Avery pavery@wolfpopper.com

Patrick J. Coughlin patc@mwbhl.com

Rachele R. Rickert rickert@whafh.com

STEPHANIE L. DIERINGER sldieringer@hulettharper.com

William S. Lerach billl@lerachlaw.com

THIS IS TO CERTIFY THAT COPIES OF THIS ORDER HAVE BEEN MAILED TO:

Christopher J. Keller

Goodkind Labaton Rudoff & Sucharow LLP

100 Park Avenue

New York, NY 10017

Dated: October 26, 2005 Richard W. Wieking, Clerk

By: /s/JWchambers 

Ronald L. Davis

Courtroom Deputy

Case 5:04-cv-04908-JW Document 92 Filed 10/26/05 Page 3 of 3