Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_15-cv-04975/USCOURTS-cand-5_15-cv-04975-0/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 28:1331 Fed. Question: Securities Violation

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NOTICE OF SETTLEMENT AND JOINT STIPULATION TO STAY PROCEEDINGS

MASTER FILE NO. 5:15-CV-04883-BLF-SVK

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LABATON SUCHAROW LLP

Carol C. Villegas (pro hac vice)

Alec T. Coquin (pro hac vice)

140 Broadway

New York, NY 10005

Telephone: (212) 907-0700

Facsimile: (212) 818-0477 

Email: cvillegas@labaton.com

acoquin@labaton.com

Attorneys for Lead Plaintiff and Lead Counsel 

for the Class

DLA PIPER LLP (US)

Shirli Fabbri Weiss (Bar No. 079225)

David Priebe (Bar No. 148679)

2000 University Avenue

East Palo Alto, CA 94303-2214

Telephone: (650) 833-2000

Facsimile: (650) 833-2001

Email: shirli.weiss@dlapiper.com

david.priebe@dlapiper.com

Attorneys for Defendants

[Additional counsel on signature page]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

In re EXTREME NETWORKS, INC.

SECURITIES LITIGATION

This Document Relates to:

All Actions.

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Master File No. 5:15-cv-04883-BLF-SVK

CLASS ACTION

NOTICE OF SETTLEMENT AND JOINT

STIPULATION TO STAY 

PROCEEDINGS

JUDGE: Hon. Beth Labson Freeman

_____________________________________ )

AND ORDER

Case 5:15-cv-04975-BLF Document 18 Filed 09/07/18 Page 1 of 4
NOTICE OF SETTLEMENT AND JOINT STIPULATION TO STAY PROCEEDINGS

MASTER FILE NO. 5:15-CV-04883-BLF-SVK

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Lead Plaintiff Arkansas Teacher Retirement System (“Lead Plaintiff”), together with 

Defendants Extreme Networks, Inc., Charles W. Berger, Kenneth B. Arola, and John T. 

Kurtzweil (collectively, “Defendants”), by an through their respective counsel, have stipulated 

and agreed, and hereby move as follows:

WHEREAS, on September 4, 2018, following a mediation with the Robert A, Meyer,

Esq., on July 18, 2018, and after extensive negotiations between the parties, the parties reached 

an agreement in principle to settle this action, subject to the Court’s approval;

WHEREAS, on September 5, 2018, pursuant to this Court’s Standing Order in Civil 

Cases, Part B, the parties emailed the Court’s courtroom deputy clerk to inform the Court of the 

settlement. The courtroom deputy promptly requested that the parties file a stipulation 

requesting that dates and deadlines be vacated;

WHEREAS, Lead Plaintiff is currently scheduled to file its motion for class certification 

on September 10, 2018;

WHEREAS, the parties are now working to timely memorialize the terms of the 

settlement and accompanying papers to the Court for preliminary approval of the proposed 

settlement, notice to absent class members, and final approval;

WHEREAS, the parties believe they will need six weeks (by October 18, 2018) to 

prepare and submit preliminary settlement approval papers to the Court;

WHEREAS, the parties agree that, in light of their agreement in principle to settle this 

action, all deadlines and hearings should be vacated, and all other proceedings in this action 

should be stayed pending the Court’s consideration of the proposed settlement;

NOW THEREFORE the parties hereby stipulate as follows:

1. Plaintiff will submit a motion for preliminary approval of the proposed settlement 

within six weeks (by October 18, 2018) of the filing of this stipulation;

2. All deadlines and hearings in this action are vacated;

Case 5:15-cv-04975-BLF Document 18 Filed 09/07/18 Page 2 of 4
NOTICE OF SETTLEMENT AND JOINT STIPULATION TO STAY PROCEEDINGS

MASTER FILE NO. 5:15-CV-04883-BLF-SVK 2

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Respectfully submitted,

Date: September 7, 2018 LABATON SUCHAROW LLP

/s/ Carol C. Villegas

Carol C. Villegas (pro hac vice)

Alec T. Coquin (pro hac vice)

140 Broadway

New York, NY 10005

Telephone: (212) 907-0700

Facsimile: (212) 818-0477 

Email: cvillegas@labaton.com

acoquin@labaton.com

Counsel for Lead Plaintiff and Lead Counsel

for the Class

BERMAN TABACCO

Nicole Lavallee (SBN 165755)

A. Chowning Poppler (SBN 272870)

44 Montgomery Street, Suite 650

San Francisco, CA 94104

Telephone: (415) 433-3200

Facsimile: (415) 433-6382

Email: nlavallee@bermantabacco.com

cpoppler@bermantabacco.com

Liaison Counsel for the Class

Date: September 7, 2018 DLA PIPER LLP (US)

/s/David Priebe

Shirli Fabbri Weiss (Bar No. 079225)

David Priebe (Bar No. 148679)

2000 University Avenue

East Palo Alto, CA 94303-2214

Telephone: (650) 833-2000

Facsimile: (650) 833-2001

Email: shirli.weiss@dlapiper.com

david.priebe@dlapiper.com

Attorneys for Defendants

Case 5:15-cv-04975-BLF Document 18 Filed 09/07/18 Page 3 of 4
NOTICE OF SETTLEMENT AND JOINT STIPULATION TO STAY PROCEEDINGS

MASTER FILE NO. 5:15-CV-04883-BLF-SVK 3

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CASE MANAGEMENT ORDER

The above Notice of Settlement and Joint Stipulation to Stay Proceedings is approved.

The Clerk is instructed to vacate all case deadlines. [In addition, the Court makes the further 

orders stated below:]

IT IS SO ORDERED.

Dated: ___________________

HON. BETH LABSON FREEMAN

UNITED STATES DISTRICT COURT JUDGE

September 7, 2018

Case 5:15-cv-04975-BLF Document 18 Filed 09/07/18 Page 4 of 4