Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-05171/USCOURTS-cand-3_05-cv-05171-2/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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HELANE L. MORRISON (Cal. Bar No. 127752) 

SUSAN F. LAMARCA (Cal. Bar No. 215231) 

 (lamarcas@sec.gov) 

MARK P. FICKES (Cal. Bar No. 178570) 

 (fickesm@sec.gov) 

Attorneys for Plaintiff 

SECURITIES AND EXCHANGE COMMISSION 

44 Montgomery Street, Suite 2600 

San Francisco, California 94104 

Telephone: (415) 705-2500 

Facsimile: (415) 705-2501 

SECURITIES AND EXCHANGE COMMISSION, 

 Plaintiff, 

 vs. 

JEFFREY B. SCHMIDT, GARY L. GELNETTE and 

NORMAN R. VALINE, 

 Defendants. 

Case No. C-05-5171 MHP 

STIPULATION AND PROPOSED ORDER

TO CONTINUE THE TRIAL DATE 

Date: Sept. 11, 2007 (currently scheduled) 

 Dec. 11, 2007 (proposed new date) 

Time: 8:30 a.m. 

Place: Courtroom 3, 5th Floor 

Plaintiff Securities and Exchange Commission (“Commission”) and defendant Norman R. 

Valine (the “parties”), by and through their respective counsel, hereby agree and stipulate as follows: 

 WHEREAS: 

1. On June 7, 2007, pursuant to a joint motion, the Court reset the trial date in this case to 

September 11, 2007 (from the previously scheduled date of June 26, 2007). In the joint motion the 

parties (the Commission and Valine) requested that the trial date be moved until after the Court had 

decided the Commission’s pending motion for summary judgment against two defendants, Jeffrey B. 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

Case 3:05-cv-05171-MHP Document 59 Filed 08/24/07 Page 1 of 3
SEC v. Schmidt, et al., C-05-5171 MHP -2- Joint Motion to Continue Trial Date

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Schmidt and Gary L. Gelnette. On July 16 2007, during the hearing on the Commission’s motion for 

summary judgment, the Court indicated that the motion will be granted. 

2. After the parties made their joint motion, defendant Valine submitted to the 

Commission a settlement offer, which the Commission’s counsel has informed him they are 

recommending the Commission accept. If accepted by the Commission, and approved by the Court, 

the settlement would resolve the case against defendant Valine. However, the Commission has not 

yet had the opportunity to consider the settlement offer. 

STIPULATION: 

 3. The parties therefore stipulate that, to permit the Commission to consider the 

settlement offer by defendant Valine before the commencement of trial, the trial date should be 

moved approximately 90 days, until December 11, 2007, or as soon thereafter as the Court’s 

schedule will permit. 

IT IS SO STIPULATED: 

DATED: August 17, 2007 Respectfully Submitted, 

 

 /s/ Susan F. LaMarca

 Susan F. LaMarca 

Mark P. Fickes 

 SECURITIES AND EXCHANGE 

COMMISSION 

44 Montgomery Street, Suite 2600 

San Francisco, California 94104 

Telephone: (415) 705-2500 

Facsimile: (415) 705-2501 

Attorneys for Plaintiff 

 /s/ Christopher C. Cooke

 Christopher C. Cooke 

COOKE, KOBRICK & WU LLP 

177 Bovet Road, Suite 600 

San Mateo, CA 94402 

Telephone: (650) 638-2370 

Facsimile: (650) 341-1395 

ccooke@ckwlaw.com

Attorneys for Defendant Norman R. Valine 

Case 3:05-cv-05171-MHP Document 59 Filed 08/24/07 Page 2 of 3
SEC v. Schmidt, et al., C-05-5171 MHP -3- Joint Motion to Continue Trial Date

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[PROPOSED] ORDER 

IT IS HEREBY ORDERED THAT: 

 The new trial and pretrial dates are as follows: 

First day of trial: December 11, 2007 at 8:30 a.m. 

Pretrial Conference: December 4, 2007 at 3:00 p.m. 

Pretrial Conference Statements and related filings (as set forth in the Court’s September 19, 

2006 Civil Minutes) to be filed with the Court on or before November 30, 2007. 

IT IS SO ORDERED. 

 

 

 Marilyn Hall Patel 

 UNITED STATES DISTRICT JUDGE 

8/23/2007

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge Marilyn H. Patel

Case 3:05-cv-05171-MHP Document 59 Filed 08/24/07 Page 3 of 3