Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-02233/USCOURTS-cand-3_05-cv-02233-49/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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28 STIPULATION AND PROPOSED ORDER RE: 

DISMISSAL OF REMAINING CLAIMS AGAINST REYES 

CASE NO.: C-05-02233 CRB 

DEWEY & LEBOEUF LLP 

Barbara A. Caulfield (bcaulfield@dl.com) SBN 108999 

Peter E. Root (proot@dl.com) SBN 142348 

1950 University Avenue, Suite 500 

East Palo Alto, California 94303 

Telephone: (650) 845-7000 

Facsimile: (650) 845-7333 

DEWEY & LEBOEUF LLP 

1101 New York Avenue, N.W., Suite 1100 

Washington, DC 20005 

Telephone: (202) 346-8000 

Facsimile: (202) 346-8102 

DEWEY & LEBOEUF LLP 

1301 Avenue of the Americas 

New York, New York 10019 

Telephone: (212) 259-8000 

Facsimile: (212) 259-6333 

Attorneys for Plaintiff 

Brocade Communications Systems, Inc.

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

IN RE BROCADE COMMUNICATIONS 

SYSTEMS, INC. DERIVATIVE 

LITIGATION 

This Document Relates to: 

ALL ACTIONS 

Case No. C-05-02233 CRB 

STIPULATION AND [PROPOSED] 

ORDER RE: DISMISSAL OF 

REMAINING CLAIMS AGAINST 

DEFENDANT GREGORY L. REYES 

PURSUANT TO SETTLEMENT 

Case 3:05-cv-02233-CRB Document 469 Filed 02/03/10 Page 1 of 5
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28 - 1 - 

STIPULATION AND PROPOSED ORDER RE: 

DISMISSAL OF REMAINING CLAIMS AGAINST REYES 

CASE NO.: C-05-02233 CRB 

 This Stipulation is made by and between plaintiff Brocade Communications Systems, Inc. 

(“Brocade”), through the Special Litigation Committee of its Board of Directors (the “SLC”), and 

defendant Gregory L. Reyes (“Reyes”). 

RECITALS

 WHEREAS, beginning in June 2005, certain shareholder derivative actions were commenced 

in the United States District Court for the Northern District of California asserting a variety of claims 

arising from Brocade’s historical equity options compensation practices and related matters, which 

actions were assigned to this Court and consolidated as In re Brocade Communications Systems, Inc. 

Derivative Litigation, No. 05-cv-2233-CRB (the “Consolidated Federal Derivative Action”); 

WHEREAS, the SLC, acting on behalf of Brocade, filed a Second Amended Complaint in 

the Consolidated Federal Derivative Action on August 1, 2008, asserting claims on behalf of 

Brocade against ten defendants, including Reyes; 

WHEREAS, on October 6, 2008, Reyes and the other nine defendants each filed a motion to 

dismiss the Second Amended Complaint; 

WHEREAS, on December 12, 2008, this Court issued an Order, supplemented by an opinion 

issued January 6, 2009, in which the Court dismissed all claims against Reyes with the exception of 

the Fifth, Sixth, Seventh, Eighth, and Eleventh Causes of Action alleging various breaches of 

fiduciary duty and unjust enrichment; 

WHEREAS, Brocade and Reyes entered into a settlement agreement on August 14, 2009 (the 

“Settlement Agreement”); 

WHEREAS, on October 9, 2009, Brocade submitted a copy of the Settlement Agreement to 

this Court, and filed a motion for approval of the settlement and entry of a Complete Bar Order 

barring contribution claims; 

WHEREAS, on December 21, 2009, this Court entered an Order Approving Settlement And 

Entry Of Complete Bar Order As To Defendant Gregory L. Reyes; 

WHEREAS, Reyes has made full payment of the settlement consideration that he agreed to 

pay in the Settlement Agreement; 

Case 3:05-cv-02233-CRB Document 469 Filed 02/03/10 Page 2 of 5
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STIPULATION AND PROPOSED ORDER RE: 

DISMISSAL OF REMAINING CLAIMS AGAINST REYES 

CASE NO.: C-05-02233 CRB 

WHEREAS, the Settlement Agreement provides that Brocade shall move the Court for an 

order dismissing with prejudice the remaining claims against Reyes in the Consolidated Federal 

Derivative Action; 

WHEREAS, the Settlement Agreement further provides that Brocade and Reyes will request 

the Court to retain continuing and exclusive jurisdiction to enforce the terms of the Complete Bar 

Order and the Settlement Agreement; 

WHEREAS, Brocade and Reyes request the Court to retain jurisdiction to enforce the terms 

of their Settlement Agreement and the Complete Bar Order under the authority of Kokkonen v. 

Guardian Life Insurance Co. of America, 511 U.S. 375, 381-82 (1994). 

NOW, THEREFORE, Brocade and Reyes, through their respective undersigned counsel, 

hereby stipulate, subject to the Court’s approval, as follows: 

1. All remaining claims against Reyes in the Consolidated Federal Derivative Action, 

i.e., the Fifth, Sixth, Seventh, Eighth, and Eleventh Causes of Action of the Second Amended 

Complaint, shall be and hereby are dismissed with prejudice. 

2. Brocade and Reyes shall comply with the terms of their Settlement Agreement. 

3. By consent of Brocade and Reyes, the Court shall retain jurisdiction for purposes of 

enforcing the terms of the Settlement Agreement and the Complete Bar Order. 

Dated: February 1, 2010 DEWEY & LEBOEUF LLP 

By: /s/ Peter E. Root 

Peter E. Root 

Attorneys For Plaintiff 

Brocade Communications Systems, Inc. 

Dated: February 1, 2010 MORGAN, LEWIS & BOCKIUS LLP 

By: /s/ John H. Hemann 

John H. Hemann 

Attorneys For Defendant Gregory L. Reyes 

Case 3:05-cv-02233-CRB Document 469 Filed 02/03/10 Page 3 of 5
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STIPULATION AND PROPOSED ORDER RE: 

DISMISSAL OF REMAINING CLAIMS AGAINST REYES 

CASE NO.: C-05-02233 CRB 

ATTESTATION PURSUANT TO GENERAL ORDER 45

I, Peter E. Root, am the ECF User whose ID and password are being used to file this 

Stipulation and [Proposed] Order Re: Dismissal of Remaining Claims Against Defendant Gregory L. 

Reyes Pursuant to Settlement. In compliance with General Order 45.X.B, I hereby attest that 

concurrence in the filing of this document has been obtained from each of the other signatories. I 

declare under penalty of perjury under the laws of the United States of America that the foregoing is 

true and correct. Executed this 1st day of February 2010, at East Palo Alto, California. 

/s/ Peter E. Root 

 Peter E. Root 

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STIPULATION AND PROPOSED ORDER RE: 

DISMISSAL OF REMAINING CLAIMS AGAINST REYES 

CASE NO.: C-05-02233 CRB 

ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

Dated: _____________ Charles R. Breyer 

 United States District Judge 

February 2, 2010

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Charles R. Breyer

Case 3:05-cv-02233-CRB Document 469 Filed 02/03/10 Page 5 of 5