Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_04-cv-04419/USCOURTS-cand-3_04-cv-04419-7/pdf.json

Nature of Suit Code: 160
Nature of Suit: Stockholder's Suits
Cause of Action: 28:1332 Diversity-Stockholders Suits

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Ramseur v. James C 04-4419 SI (PROPOSED) ORDER AND FINAL JUDGMENT

APPROVING SETTLEMENT 

ROBERT C. SCHUBERT (STATE BAR NO. 62684) 

JUDEN JUSTICE REED (STATE BAR NO. 153748) 

WILLEM F. JONCKHEER (STATE BAR NO. 178748) 

AARON H. DARSKY (STATE BAR NO. 212229) 

SCHUBERT & REED LLP 

Three Embarcadero Center, Suite 1650 

San Francisco, CA 94111 

Telephone: (415) 788-4220 

Attorneys for Plaintiff Henry Ramseur, Derivatively 

on behalf of Callidus Software Inc. 

BRIAN J. ROBBINS (STATE BAR NO. 190264) 

MARC M. UMEDA (STATE BAR NO. 197847) 

ROBBINS UMEDA & FINK, LLP 

610 West Ash Street, Suite 1800 

San Diego, CA 92101 

Telephone: (619) 525-3990 

Facsimile: (619) 525-3991 

Attorneys for Plaintiff Brett Cashman, Derivatively 

on behalf of Callidus Software Inc. 

WILLIAM F. ALDERMAN (STATE BAR NO. 47381) 

JAMES N. KRAMER (STATE BAR NO. 154709) 

M. TODD SCOTT (STATE BAR NO. 226885) 

ORRICK, HERRINGTON & SUTCLIFFE LLP 

The Orrick Building 

405 Howard Street 

San Francisco, CA 94105-2669 

Telephone: 415-773-5700 

Facsimile: 415-773-5759 

Attorneys for Defendants 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

HENRY RAMSEUR, Derivatively on behalf 

of CALLIDUS SOFTWARE INC., a 

DELAWARE CORPORATION, 

Plaintiff, 

v. 

GEORGE JAMES, R. DAVID SPRENG, 

TERRY L. OPDENDYK, MICHAEL A. 

BRAUN, JOHN R. EICKHOFF, 

(PROPOSED) ORDER AND FINAL 

JUDGMENT APPROVING 

SETTLEMENT 

Case 3:04-cv-04419-SI Document 77 Filed 10/25/2006 Page 1 of 3

C-04-4419 SI

Case 3:04-cv-04419-SI Document 78 Filed 10/27/06 Page 1 of 3
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Ramseur v. James C 04-4419 SI - 2 - (PROPOSED) ORDER AND FINAL JUDGMENT

APPROVING SETTLEMENT 

CHRISTOPHER W. CABRERA and 

REED D. TAUSSIG, 

Defendants. 

– and – 

CALLIDUS SOFTWARE INC., a 

DELAWARE CORPORATION, 

Nominal Defendant. 

This matter came before the Court on October 27, 2006, pursuant to the Court’s 

Preliminary Approval Order dated August 11, 2006, on the application of the parties for final 

approval of the proposed settlement (the “Settlement”) of this derivative action described in the 

Stipulation of Settlement, dated as of August 10, 2006 and filed with the Court on August 11, 

2006 (the “Stipulation”). 

Due and adequate Notice having been given to the shareholders of Callidus 

Software Inc. (“Callidus”) as required by the Preliminary Approval Order, the Court having 

considered all papers filed in connection with the proposed Settlement and having concluded that 

the Settlement is fair, reasonable and adequate and in the best interests of Callidus, and good 

cause appearing therefor, it is hereby 

ORDERED, ADJUDGED and DECREED as follows: 

1. This Court has jurisdiction over the subject matter of this action and over 

all of the parties to this action. 

2. Pursuant to Rule 23.1 of the Federal Rules of Civil Procedure (“Rule 

23.1”), the Court approves the Settlement described in the Stipulation, finds that in all respects 

the Settlement is fair, reasonable and adequate and in the best interests of Callidus, and directs the 

parties to perform the terms set forth in the Stipulation. 

3. This action, all claims contained therein, and all claims released in 

paragraph 3 of the Stipulation are dismissed with prejudice. Except as otherwise provided in the 

Stipulation, the parties shall bear their own costs, expenses and attorney’s fees. 

Case 3:04-cv-04419-SI Document 77 Filed 10/25/2006 Page 2 of 3
 Case 3:04-cv-04419-SI Document 78 Filed 10/27/06 Page 2 of 3
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Ramseur v. James C 04-4419 SI - 3 - (PROPOSED) ORDER AND FINAL JUDGMENT

APPROVING SETTLEMENT 

4. Upon the Effective Date of the Settlement, as described in paragraph 8 of 

the Stipulation, Callidus, and each of its present or former shareholders to the extent they seek to 

sue derivatively on its behalf, shall be deemed to release and forever discharge each of the 

defendants and other parties described in paragraph 3 of the Stipulation from and against all 

Claims described in said paragraph 3. All Callidus shareholders are hereby forever barred and 

enjoined from prosecuting any Claims released in said paragraph 3. 

5. The mailing and posting of the Notice in the manner described in the 

Preliminary Approval Order constitutes due and adequate notice under Rule 23.1 and satisfies the 

requirements of due process. 

6. Jurisdiction over all matters relating to consummation of the Settlement is 

hereby reserved in this Court. 

Dated: 

United States District Judge 

Case 3:04-cv-04419-SI Document 77 Filed 10/25/2006 Page 3 of 3

10/27/06

Case 3:04-cv-04419-SI Document 78 Filed 10/27/06 Page 3 of 3