Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_18-cv-00193/USCOURTS-cand-3_18-cv-00193-0/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 AND [PROPOSED] ORDER

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Laurence M. Rosen, Esq. (SBN 219683)

THE ROSEN LAW FIRM, P.A.

355 South Grand Avenue, Suite 2450

Los Angeles, CA 90071

Telephone: (213) 785-2610

Facsimile: (213) 226-4684

Email: lrosen@rosenlegal.com

Counsel for Plaintiff Park

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

JONG MIN PARK, Individually and on Behalf 

of All Others Similarly Situated,

Plaintiffs,

v.

GOPRO, INC., NICHOLAS WOODMAN, 

and BRIAN MCGEE,

Defendants.

Case No.: 3:18-cv-00193-EMC

CLASS ACTION

STIPULATION AND [PROPOSED] 

ORDER EXTENDING DEFENDANTS’ 

TIME TO ANSWER OR OTHERWISE 

RESPOND TO THE COMPLAINT AND 

CONTINUING CASE MANAGEMENT 

CONFERENCE AND ASSOCIATED 

DEADLINES

Local Rule 7-12

JUDGE: Edward M. Chen

Ctrm: 5-17th Floor (San Francisco)

WHEREAS, on January 9, 2018, Plaintiff Jong Min Park (“Plaintiff”), individually and 

on behalf of all others similarly situated, filed a putative class action complaint captioned Park v. 

GoPro, Inc., et al., No. 18-cv-193 against defendants GoPro, Inc., Nicholas Woodman, and 

Brian McGee (collectively, “Defendants” and with Plaintiff, the “Parties”) alleging violations of 

Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”), 15 U.S.C. §§ 

78j(b) and 78t(a), and Securities and Exchange Commission (“SEC”) Rule 10b-5 promulgated 

thereunder, 17 C.F.R. § 240.10b-5 (the “Complaint”);

Case 3:18-cv-00193-EMC Document 12 Filed 01/25/18 Page 1 of 6
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STIPULATION AND [PROPOSED] ORDER

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WHEREAS, on January 10, 2018, this Court issued an Order Setting Initial Case 

Management Conference and ADR Deadlines (Dkt. No. 6) in the above-captioned action, setting 

the following deadlines:

1. March 29, 2018 for the parties to comply with certain requirements under the 

Federal Rules of Civil Procedure and the Northern District of California Civil 

Local Rules (“Local Rules” or “Civ. L.R.”) and Alternative Dispute Resolution 

(“ADR”) Local Rules regarding discovery, early settlement, and the ADR MultiOption Program;

2. April 12, 2018 for the parties to file a Rule 26(f) Report, complete initial 

disclosures or state objections in the Rule 26(f) Report, and file a Joint Case 

Management Statement; and

3. April 19, 2018 at 9:30 a.m. for an initial case management conference;

WHEREAS, the Complaint asserts claims under the federal securities laws that are 

subject to the Private Securities Litigation Reform Act of 1995 (“PSLRA”), which sets forth 

specialized procedures for the administration of securities class actions, including a specific 

process for the appointment of a lead plaintiff and lead counsel to represent the putative class;

WHEREAS, lead plaintiff and lead counsel have not yet been appointed pursuant to 

Section 21D of the Securities Exchange Act, 15 U.S.C. § 78u-4. The deadline to move for 

appointment as lead plaintiff is March 12, 2018;

WHEREAS, once selected, the lead plaintiff will then appoint a lead counsel, subject to 

the Court’s approval, § 78u-4(a)(3)(B)(v), and identify an operative complaint or file an 

amended complaint that becomes the operative complaint;

WHEREAS, the Parties agree that in the interests of judicial economy, conservation of 

time and resources, and orderly management of this action, no response to any pleading in this 

action by any Defendant should occur until after (i) a lead plaintiff and lead counsel are 

appointed by the Court pursuant to the PSLRA, and (iii) such lead plaintiff serves an operative 

complaint;

Case 3:18-cv-00193-EMC Document 12 Filed 01/25/18 Page 2 of 6
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STIPULATION AND [PROPOSED] ORDER

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WHEREAS, the parties respectfully submit that good cause exists to vacate the April 19, 

2018 initial case management conference and associated ADR deadlines until such time as the 

Court has the opportunity to rule on the appointment of lead plaintiff and approval of lead 

counsel; and

WHEREAS, the Parties hereby stipulate, and respectfully request the Court to order, as 

follows:

1. Within 14 days of an order by the Court appointing lead plaintiff and lead 

counsel, Defendants and any lead plaintiff(s) appointed by the Court shall, through their 

respective counsel, confer and jointly submit a proposed schedule for the filing of any amended 

complaint and for the filing of a responsive pleading, including a briefing schedule with respect 

to any anticipated motions to dismiss;

2. Defendants shall not be required to answer, move, or otherwise substantively 

respond to the Complaint or any amended complaint until the date agreed upon by the Parties in 

the proposed schedule described in paragraph 1 above, if approved by the Court, or until such 

other further order by the Court.

3. Pursuant to Civil L.R. 16-2, the initial case management conference scheduled for 

April 19, 2018 shall be vacated, along with any associated deadlines under the Federal Rules of 

Civil Procedure and Local Rules, to be rescheduled for a date after the filing of any amended 

complaint or after the Court rules on Defendants’ anticipated motion to dismiss, as the Court 

determines to be appropriate; and all associated ADR Multi-Option Program deadlines likewise 

be deferred.

4. Nothing in this Stipulation is intended in any way to waive or affect any rights, 

claims, defenses, objections or arguments that any party may have with respect to any matter, 

other than those expressly addressed and agreed in paragraphs 1 through 3 above.

///

///

///

Case 3:18-cv-00193-EMC Document 12 Filed 01/25/18 Page 3 of 6
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STIPULATION AND [PROPOSED] ORDER

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IT IS SO STIPULATED.

Dated: January 17, 2018 THE ROSEN LAW FIRM, P.A.

By: /s/ Laurence M. Rosen

Laurence M. Rosen, Esq. (SBN 219683)

355 S. Grand Avenue, Suite 2450

Los Angeles, CA 90071

Telephone: (213) 785-2610

Facsimile: (213) 226-4684

Email: lrosen@rosenlegal.com

Counsel for Plaintiff Park

DATED: January 17, 2018 FENWICK & WEST LLP

By: /s/ Catherine D. Kevane

Catherine D. Kevane (SBN 215501)

555 California Street, 12th Floor

San Francisco, CA 94104

Telephone: (415) 875-2300

Email:CKevane@Fenwick.com

Counsel for Defendants GoPro, Inc., 

Nicholas Woodman and Brian McGee

Case 3:18-cv-00193-EMC Document 12 Filed 01/25/18 Page 4 of 6
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STIPULATION AND [PROPOSED] ORDER

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[PROPOSED] ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED.

Dated: _____________, 2018

The Honorable Edward M. Chen

United States District Judge

CMC reset to 5/24/18 at 9:30 a.m. Joint CMC Statement due 5/17/18. 1/25

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

AS MODIFIED

Judge Edward M. Chen

Case 3:18-cv-00193-EMC Document 12 Filed 01/25/18 Page 5 of 6
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STIPULATION AND [PROPOSED] ORDER

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CERTIFICATE OF SERVICE

I, Laurence M. Rosen, hereby declare under penalty of perjury as follows:

I am the managing attorney of The Rosen Law Firm, P.A., with offices at 355 South 

Grand Avenue, Suite 2450, Los Angeles, CA 90071. I am over the age of eighteen.

On January 17, 2018, I electronically filed the following STIPULATION AND 

[PROPOSED] ORDER EXTENDING DEFENDANTS’ TIME TO ANSWER OR 

OTHERWISE RESPOND TO THE COMPLAINT AND CONTINUING CASE 

MANAGEMENT CONFERENCE AND ASSOCIATED DEADLINES with the Clerk of the 

Court using the CM/ECF system which sent notification of such filing to counsel of record.

Executed on January 17, 2018.

/s/ Laurence M. Rosen

Laurence M. Rosen

Case 3:18-cv-00193-EMC Document 12 Filed 01/25/18 Page 6 of 6