Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-02743/USCOURTS-cand-4_14-cv-02743-18/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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JINA L. CHOI (N.Y. Bar No. 2699718)

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

 lamarcas@sec.gov

E. BARRETT ATWOOD (Cal. Bar No. 291181)

 atwoode@sec.gov

WADE RHYNE (Cal. Bar No. 216799) rhynew@sec.gov 

VICTOR HONG (Cal. Bar No. 165938) hongv@sec.gov

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

44 Montgomery Street, Suite 2800

San Francisco, California 94104

Telephone: (415) 705-2500

Facsimile: (415) 705-2501

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

v.

SALEEM KHAN, et al.,

Defendants.

Case No. 3:14-CV-02743-HSG

STIPULATION AND ORDER 

VACATING HEARING AND

SCHEDULING ORDER

Hearing: 2:00 p.m., July 21, 2016, at 

Courtroom 10, 19th Floor, 450 Golden Gate 

Avenue, San Francisco, CA

Pursuant to Civil Local Rules 6-1(b), 6-2, and 7-12, Plaintiff Securities and Exchange 

Commission (“Commission”) and Defendant Saleem Khan, through his counsel, and pro se

Defendant Roshanlal Chaganlal (collectively, the “Parties”) submit this Stipulation and Proposed 

Order Vacating Hearing and Scheduling Order because the Parties have reached tentative agreement 

on a proposed settlement, subject to the approval of the Commission. The Declaration of E. Barrett 

Atwood in Support of this Stipulation is attached as Exhibit 1.

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

Case 4:14-cv-02743-HSG Document 133 Filed 07/20/16 Page 1 of 5
STIPULATION AND [PROPOSED] ORDER 2 CASE NO. 3:14-CV-02743-HSG

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STIPULATION

WHEREAS Plaintiff, on June 16, 2016, moved for summary judgment and noticed a hearing 

on that motion for 2:00 p.m., July 21, 2016 (Dkt. Nos. 116, 129-1), Defendant Khan opposed that 

motion (Dkt. No. 130), and Plaintiff filed its reply (Dkt. No. 131).

WHEREAS the Parties participated in extensive settlement discussions with the assistance of 

Magistrate Judge Ryu (Dkt. No. 128), to whom the Court referred the case to for mediation (Dkt. No. 

113). The Parties participated in a settlement meeting with Judge Ryu on June 21, 2016, and over the 

following weeks, the Parties exchanged information and demands. These efforts culminated in the 

Parties reaching tentative agreements on proposed settlements, the terms of which are set forth in 

signed offers from each of the Defendants, but which are subject to the formal approval of the 

Commission, and then of this Court. 

WHEREAS the process for obtaining Commission consideration and approval requires a 

formal presentation of the Defendants’ respective offers to the commissioners who sit in Washington, 

D.C., and given the press of their business, the process typically takes between approximately six and 

eight weeks to complete. 

WHEREAS the Court has set the pretrial conference for 3:00 p.m., September 13, 2016 (Dkt. 

No. 108), requiring the Parties to meet and confer regarding pretrial issues, and exchange exhibits 

and other items by August 16, 2016, file motions in limine by August 23, 2016, and file their pretrial 

statements and proposed trial documents by August 30, 2016, and complete other tasks pursuant to 

this Court’s Civil Pretrial and Trial Standing Order. 

WHEREAS completion of the pretrial activities and the hearing on the Commission’s pending 

motion may result in the Parties losing value of their proposed settlements. 

WHEREAS the Declaration of E. Barrett Atwood in Support of this Stipulation and 

[Proposed] Order (attached as Exhibit 1) is submitted pursuant to Civil Local Rule 6-2. 

ACCORDINGLY, IT IS THEREFORE STIPULATED AND AGREED, by and between 

the Parties that the hearing set for July 21, 2016, and each of the impending dates in the Scheduling 

Order in this matter (Dkt. No. 108) be vacated in order to allow the Commission to formally consider 

the Parties’ proposed settlements. If, within eight weeks (56 days) of the entry of this [Proposed] 

Case 4:14-cv-02743-HSG Document 133 Filed 07/20/16 Page 2 of 5
STIPULATION AND [PROPOSED] ORDER 3 CASE NO. 3:14-CV-02743-HSG

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Order, the Commission has yet to consider the proposed settlements, the Commission will so inform 

the Defendants and the Court.

DATED: July 19, 2016 Respectfully submitted,

/s/ E. Barrett Atwood

SECURITIES AND EXCHANGE 

COMMISSION

E. Barrett Atwood

44 Montgomery Street, Suite 2800

San Francisco, CA 94104

/s/ Christopher J. Cannon

SUGARMAN & CANNON 

Christopher J. Cannon 

180 Montgomery Street 

Suite 2350 

San Francisco, CA 94104 

Counsel for Defendant Saleem Khan

/s/ Roshanlal Chaganlal

Roshanlal Chaganlal

(Pro Se)

ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: July 20, 2016

Hon. Haywood S. Gilliam, Jr.

UNITED STATES DISTRICT JUDGE

Case 4:14-cv-02743-HSG Document 133 Filed 07/20/16 Page 3 of 5
STIPULATION AND [PROPOSED] ORDER 4 CASE NO. 3:14-CV-02743-HSG

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ATTESTATION

I, E. Barrett Atwood, am the ECF User whose identification and password are being used to 

file the Stipulation and [Proposed] Order. I hereby attest that each of the above parties or their 

representatives concurs in this filing to the extent indicated.

Dated: July 19, 2016 /s/ E. Barrett Atwood

E. Barrett Atwood

Attorney for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

Case 4:14-cv-02743-HSG Document 133 Filed 07/20/16 Page 4 of 5
STIPULATION AND [PROPOSED] ORDER 5 CASE NO. 3:14-CV-02743-HSG

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CERTIFICATE OF SERVICE

I, E. Barrett Atwood, am a citizen of the United States, over 18 years of age and not a party to 

this action. On July 20, 2016, I served the following documents:

 STIPULATION AND [PROPOSED] ORDER VACATING HEARING AND

SCHEDULING ORDER; and

 DECLARATION OF E. BARRETT ATWOOD IN SUPPORT OF 

STIPULATION AND [PROPOSED] VACATING HEARING AND

SCHEDULING ORDER

Via email to the following:

Roshanlal Chaganlal

4883 Thorndike Lane

Dublin, CA 94568

rchaganlal@gmail.com

and to the following via the Court’s CM/ECF system:

Christopher Cannon, Esq.

Sugarman & Cannon

180 Montgomery Street, Suite 2350

San Francisco, CA 94104

Attorney for Defendant Saleem Khan

On July 20, 2016, I will cause these same documents to be served on Mr. Chaganlal at the 

above address via mail, postage prepaid. 

I declare under penalty of perjury that the statements made above are true and correct. 

Executed in San Francisco, California July 20, 2016.

 /s/ E. Barrett Atwood

Trial Attorney

SECURITIES AND EXCHANGE COMMISSION

Case 4:14-cv-02743-HSG Document 133 Filed 07/20/16 Page 5 of 5