Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_15-cv-03625/USCOURTS-cand-5_15-cv-03625-2/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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1137336_1 

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ROBBINS GELLER RUDMAN 

 & DOWD LLP 

SHAWN A. WILLIAMS (213113) 

DANIEL J. PFEFFERBAUM (248631) 

NADIM G. HEGAZI (264841) 

KENNETH J. BLACK (291871) 

Post Montgomery Center 

One Montgomery Street, Suite 1800 

San Francisco, CA 94104 

Telephone: 415/288-4545 

415/288-4534 (fax) 

shawnw@rgrdlaw.com 

dpfefferbaum@rgrdlaw.com 

nhegazi@rgrdlaw.com 

kennyb@rgrdlaw.com 

Lead Counsel for Plaintiff 

[Additional counsel appear on signature page.] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

HOWARD WELGUS, Individually and on 

Behalf of All Others Similarly Situated, 

Plaintiff, 

vs. 

TRINET GROUP, INC., et al., 

Defendants. 

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Case No. 5:15-cv-03625-BLF 

STIPULATION AND [PROPOSED] ORDER 

RE FILING OF PLAINTIFF’S [PROPOSED] 

FIRST AMENDED COMPLAINT AND 

BRIEFING SCHEDULE TO RESPOND TO 

FIRST AMENDED COMPLAINT 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 1 of 10
1137336_1 STIP AND [PROP] ORDER RE FILING OF PLAINTIFF’S [PROPOSED] FIRST AMENDED 

COMPLAINT AND BRIEFING SCHEDULE TO RESPOND TO FIRST AMENDED COMPLAINT - 

5:15-CV-03625-BLF -1-

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This Stipulation is made by and among Plaintiff Howard Welgus (“Welgus” or “Lead 

Plaintiff”), individually and on behalf of all other persons similarly situated, and Defendants TriNet 

Group, Inc. (“TriNet”), Burton M. Goldfield, William Porter, Katherine August-deWilde, Martin 

Babinec, H. Raymond Bingham, David C. Hodgson, Kenneth Goldman, John H. Kispert, Wayne B. 

Lowell, and General Atlantic LLC (collectively, the “Stipulating Defendants,” and, with Lead 

Plaintiff, the “Stipulating Parties”), by and through their respective counsel. 

RECITALS 

1. WHEREAS, on August 7, 2015, Welgus filed a Complaint for Violation of the 

Federal Securities Laws (Dkt. No. 1) against Defendants TriNet, Burton M. Goldfield and William 

Porter; 

2. WHEREAS, on October 6, 2015, Welgus filed a Motion for Appointment as Lead 

Plaintiff and Approval of Selection of Counsel (Dkt. No. 17); 

3. WHEREAS, on December 3, 2015, this Court issued an order appointing Welgus as 

Lead Plaintiff pursuant to the Private Securities Litigation Reform Act of 1995 and appointing 

Robbins Geller Rudman & Dowd LLP as Lead Counsel (Dkt. No. 24); 

4. WHEREAS, on February 1, 2016, Lead Plaintiff filed a Consolidated Complaint for 

Violation of the Federal Securities Laws (Dkt. No. 26) (“CC”) against TriNet, Burton M. Goldfield, 

William Porter, Martin Babinec, H. Raymond Bingham, David C. Hodgson and General Atlantic 

LLC; 

5. WHEREAS, on February 25, 2016, this Court entered an Order on the parties’ 

stipulation setting a briefing schedule that, in part, requires Defendants to file and serve their 

motions to dismiss, answers or other responses to the CC by April 11, 2016 (Dkt. No. 41) 

(“Scheduling Order”); 

6. WHEREAS, the Stipulating Defendants have not yet answered or otherwise 

responded to the CC; 

7. WHEREAS, on April 1, 2016, Lead Plaintiff filed a Notice of Motion and Motion for 

Leave to File the [Proposed] First Amended Complaint for Violation of the Federal Securities Laws, 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 2 of 10
1137336_1 STIP AND [PROP] ORDER RE FILING OF PLAINTIFF’S [PROPOSED] FIRST AMENDED 

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attaching the [Proposed] First Amended Complaint for Violation of the Federal Securities Laws 

(“FAC”) (Dkt. Nos. 43-44); 

8. WHEREAS, the proposed FAC adds new defendants, including outside directors 

Katherine August-deWilde, Kenneth Goldman, John H. Kispert, and Wayne B. Lowell; and 

underwriters J.P. Morgan Securities LLC, Morgan Stanley & Co., LLC, Deutsche Bank Securities 

Inc., Jefferies LLC, Stifel, Nicolaus & Company, Incorporated, and William Blair & Company, 

L.L.C. (the “Underwriter Defendants”); and asserts new claims under the Securities Act of 1933 

(Dkt. No. 44-1); 

9. WHEREAS, the Underwriter Defendants have not been served with a summons and 

FAC nor executed waivers of the service of a summons under Fed. R. Civ. P. 4(d); 

10. WHEREAS, under Fed. R. Civ. P. Rule 15(a)(2), Lead Plaintiff may amend the CC 

with Defendants’ written consent; 

11. WHEREAS, counsel for Lead Plaintiff has conferred with counsel for the Stipulating 

Defendants regarding the filing of the FAC; 

12. WHEREAS, the Stipulating Parties have agreed to the filing of Lead Plaintiff’s FAC, 

as of April 1, 2016, on the condition that Stipulating Defendants are not thereby waiving any of their 

rights, positions at law or equity, or defenses; 

13. WHEREAS Lead Plaintiff has no current intent to seek leave to file another amended 

pleading prior to a Court decision on any motion to dismiss; 

14. WHEREAS the proposed schedule is intended to serve judicial efficiency and 

economy by providing a uniform briefing schedule; and 

15. WHEREAS, the Stipulating Parties seek the Court’s approval of a modification to the 

Scheduling Order, which modification (i) provides that the Stipulating Defendants must now answer 

or otherwise respond to the FAC no later than June 20, 2016, and (ii) adjusts the remaining dates in 

the Scheduling Order accordingly. 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 3 of 10
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STIPULATION 

THE STIPULATING PARTIES STIPULATE AND AGREE AS FOLLOWS: 

1. Lead Plaintiff’s FAC shall be deemed filed with the Court as of April 1, 2016 (Dkt. 

No. 44-1) and shall serve as the operative complaint; 

2. So as to ensure that all Stipulating Defendants are served and aligned to a unified 

briefing schedule, the Stipulating Defendants shall answer or otherwise respond to the FAC no later 

than June 20, 2016; 

3. Lead Plaintiff’s opposition(s) to the Stipulating Defendants’ answers or motion(s) to 

dismiss the FAC shall be filed no later than sixty (60) days from the date the Stipulating Defendants’ 

answers or motions are filed; 

4. The Stipulating Defendants’ reply briefs in support of their motion(s) to dismiss the 

FAC shall be filed no later than thirty (30) days from the date Lead Plaintiff files its opposition(s) to 

the Stipulating Defendants’ motion(s) to dismiss; 

5. The Stipulating Parties have agreed that, with leave of the Court, in light of the new 

allegations and claims, including claims under the Securities Act of 1933, the Stipulating Parties 

shall have the following page limits for their moving papers, oppositions, and replies: 

(a) Defendants TriNet, Goldfield, and Porter shall have thirty (30) pages for their 

moving brief; Lead Plaintiff shall have thirty (30) pages for his opposition to such brief; and TriNet, 

Goldfield, and Porter shall have fifteen (15) pages for their reply to any such opposition; 

(b) Outside Director Defendants August-deWilde, Babinec, Bingham, Hodgson, 

Goldman, Kispert, and Lowell shall have ten (10) pages for their moving brief; Lead Plaintiff shall 

have ten (10) pages for his opposition to such brief; and the Outside Director Defendants shall have 

five (5) pages for their reply to any such opposition; 

(c) General Atlantic LLC shall have ten (10) pages for its moving brief; Plaintiff 

shall have ten (10) pages for his opposition to such brief; and General Atlantic shall have five (5) 

pages for its reply to any such opposition; and 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 4 of 10
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 (d) The brief(s) of any additional defendants who appear or are served after the 

date of this Stipulation, shall not be included within this briefing schedule or the above page 

limitations; the Stipulating Parties expect that those additional defendants shall separately meet and 

confer with Lead Plaintiff regarding the briefing schedule and page limit for their brief(s). 

6. Given that the Initial Case Management Conference currently scheduled for August 

24, 2016 would fall in the middle of briefing on any motions to dismiss, that Conference shall be 

continued to November 10, 2016, or as soon thereafter as the Conference may be heard, and any 

associated deadlines under the Federal Rules of Civil Procedure and Local Rules (including ADR 

deadlines) shall be adjusted accordingly; 

7. This Stipulation is entered into without prejudice to any party seeking any interim 

relief; 

8. Nothing in this Stipulation shall be construed as a waiver of any of the Stipulating 

Defendants’ rights or positions in law or equity, including with respect to the FAC, or as a waiver of 

any defenses that the Stipulating Defendants would otherwise have, including, without limitation, 

jurisdictional defenses, or as a waiver of any Stipulating Defendants’ right not to file a motion to 

dismiss; 

9. The Stipulating Parties have only sought two previous extensions of time in this 

action; 

10. The Stipulating Parties do not seek to reset these dates for the purpose of delay, and 

the proposed new dates will not have an effect on any pre-trial and trial dates as the Court has yet to 

schedule these dates; and 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 5 of 10
1137336_1 STIP AND [PROP] ORDER RE FILING OF PLAINTIFF’S [PROPOSED] FIRST AMENDED 

COMPLAINT AND BRIEFING SCHEDULE TO RESPOND TO FIRST AMENDED COMPLAINT - 

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11. The Stipulating Parties seek the Court’s approval of this Order on the basis that it 

would be an inefficient use of the Court’s time and resources to consider motions to dismiss at 

varying times and conduct the Initial Case Management Conference prior to the Stipulating 

Defendants’ filing of responsive pleadings, if any, and any replies to such pleadings. 

DATED: April 13, 2016 ROBBINS GELLER RUDMAN 

 & DOWD LLP 

SHAWN A. WILLIAMS 

DANIEL J. PFEFFERBAUM 

NADIM G. HEGAZI 

KENNETH J. BLACK

s/ Shawn A. Williams

 SHAWN A. WILLIAMS

Post Montgomery Center 

One Montgomery Street, Suite 1800 

San Francisco, CA 94104 

Telephone: 415/288-4545 

415/288-4534 (fax)

Lead Counsel for Plaintiff 

HOLZER & HOLZER, LLC 

COREY D. HOLZER 

1200 Ashwood Parkway, Suite 410 

Atlanta, GA 30338 

Telephone: 770/392-0090 

770/392-0029 (fax)

Additional Counsel for Plaintiff 

DATED: April 13, 2016 ROPES & GRAY LLP 

RICHARD L. GALLAGHER 

ANNE JOHNSON PALMER 

MATTHEW A. TOLVE 

s/ Richard L. Gallagher

 RICHARD L. GALLAGHER

Three Embarcadero Center 

San Francisco, CA 94111-4006 

Telephone: 415/315-6300 

415/315-6350 (fax)

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 6 of 10
1137336_1 STIP AND [PROP] ORDER RE FILING OF PLAINTIFF’S [PROPOSED] FIRST AMENDED 

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Attorneys for Defendants TriNet Group, Inc., 

Burton M. Goldfield, William Porter, Martin 

Babinec, H. Raymond Bingham, David C. 

Hodgson, Katherine August-deWilde, Kenneth 

Goldman, John H. Kispert, and Wayne B. Lowell 

DATED: April 13, 2016 PAUL, WEISS, RIFKIND, WHARTON & 

GARRISON LLP 

ALLAN J. ARFFA (admitted pro hac vice) 

CHARLES E. DAVIDOW (admitted pro hac vice) 

AUSTIN C. THOMPSON (admitted pro hac vice)

s/ Allan J. Arffa 

 ALLAN J. ARFFA

1285 Avenue of the Americas 

New York, NY 10019-6064 

Telephone: 212/373-3203 

212/492-0203 (fax)

SHARTSIS FRIESE LLP 

ARTHUR J. SHARTSIS 

LISA A. JACOBS 

1 Maritime Plaza 18th Floor 

San Francisco, CA 94111 

Telephone: 415/421-6500 

415/421-2922 (fax)

Attorneys for Defendant General Atlantic LLC 

Certificate Pursuant to Local Rule 5-1(i)(3) 

I, Shawn A. Williams, am the ECF User whose identification and password are being used to 

file the STIPULATION AND [PROPOSED] ORDER RE FILING OF PLAINTIFF’S FIRST 

AMENDED COMPLAINT AND BRIEFING SCHEDULE TO RESPOND TO FIRST AMENDED 

COMPLAINT. In compliance with Local Rule 5-1(i)(3), I hereby attest that Richard L. Gallagher 

and Allan J. Arffa have concurred in this filing. 

Dated: April 13, 2016 

s/ Shawn A. Williams 

SHAWN A. WILLIAMS 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 7 of 10
1137336_1 STIP AND [PROP] ORDER RE FILING OF PLAINTIFF’S [PROPOSED] FIRST AMENDED 

COMPLAINT AND BRIEFING SCHEDULE TO RESPOND TO FIRST AMENDED COMPLAINT - 

5:15-CV-03625-BLF -7-

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* * * 

O R D E R 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: $SULO _________________________________________ 

THE HONORABLE BETH LABSON FREEMAN 

UNITED STATES DISTRICT JUDGE 

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 8 of 10
1137336_1 

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CERTIFICATE OF SERVICE 

I hereby certify that on April 13, 2016, I authorized the electronic filing of the foregoing with 

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

e-mail addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I 

caused to be mailed the foregoing document or paper via the United States Postal Service to the nonCM/ECF participants indicated on the attached Manual Notice List. 

I certify under penalty of perjury under the laws of the United States of America that the 

foregoing is true and correct. Executed on April 13, 2016. 

 s/ Shawn A. Williams 

 SHAWN A. WILLIAMS 

ROBBINS GELLER RUDMAN 

 & DOWD LLP 

Post Montgomery Center 

One Montgomery Street, Suite 1800 

San Francisco, CA 94104 

Telephone: 415/288-4545 

415/288-4534 (fax) 

E-mail: shawnw@rgrdlaw.com

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 9 of 10
Mailing Information for a Case 5:15-cv-03625-BLF Welgus v. Trinet Group, Inc. 

et al

Electronic Mail Notice List

The following are those who are currently on the list to receive e-mail notices for this case. 

z Allan J Arffa 

aarffa@paulweiss.com,mao_fednational@paulweiss.com 

z Kenneth Joseph Black 

KennyB@rgrdlaw.com 

z Charles E. Davidow 

cdavidow@paulweiss.com,mao_fednational@paulweiss.com 

z Richard L. Gallagher 

richard.gallagher@ropesgray.com,kevin.daly@ropesgray.com,courtalert@ropesgray.com,april.kee@ropesgray.com 

z Nadim Gamal Hegazi 

nhegazi@rgrdlaw.com,smorris@rgrdlaw.com 

z Lisa Ann Jacobs 

ljacobs@sflaw.com,martola@sflaw.com,calendar@sflaw.com 

z Anne Johnson Palmer 

anne.johnsonpalmer@ropesgray.com,courtalert@ropesgray.com 

z Brian O. O'Mara 

bo'mara@rgrdlaw.com,e_file_sd@rgrdlaw.com,e_file_sf@rgrdlaw.com 

z Daniel Jacob Pfefferbaum 

DPfefferbaum@rgrdlaw.com,khuang@rgrdlaw.com,e_file_sd@rgrdlaw.com,e_file_sf@rgrdlaw.com 

z Arthur Joel Shartsis 

ashartsis@sflaw.com,ljacobs@sflaw.com,wcornell@sflaw.com,calendar@sflaw.com 

z Austin C Thompson 

AThompson@paulweiss.com,mao_fednational@paulweiss.com 

z Matthew Austen Tolve 

matthew.tolve@ropesgray.com,nicole.horowitz@ropesgray.com,courtalert@ropesgray.com 

z Shawn A. Williams 

shawnw@rgrdlaw.com,smorris@rgrdlaw.com,dpfefferbaum@rgrdlaw.com,e_file_sd@rgrdlaw.com,e_file_sf@rgrdlaw.com

Manual Notice List

The following is the list of attorneys who are not on the list to receive e-mail notices for this case (who therefore require manual 

noticing). You may wish to use your mouse to select and copy this list into your word processing program in order to create 

notices or labels for these recipients. 

z (No manual recipients)

CAND-ECF- Page 1 of 1

https://ecf.cand.uscourts.gov/cgi-bin/MailList.pl?360833230992452-L_1_0-1 4/13/2016

Case 5:15-cv-03625-BLF Document 47 Filed 04/14/16 Page 10 of 10