Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_03-cv-03523/USCOURTS-cand-5_03-cv-03523-0/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 9:9 Motion to Confirm Arbitration Loan

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STIP AND ORDER RE DISBURSEMENT OF

LA 3910931 v1 MONEY DEPOSITED W/ COURT Case No. C 03 03523 RMW

JEFFER, MANGELS, BUTLER & MARMARO LLP

JEFFREY K. RIFFER (Bar No. 87016)

1900 Avenue of the Stars

Seventh Floor

Los Angeles, CA 90067-4308

Telephone: 310-203-8080

Facsimile: 310-203-0567 

Attorneys for Respondent

LUCENT TECHNOLOGIES INC.

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

SCHOENDUVE CORPORATION, a

California corporation, 

Petitioner,

v.

LUCENT TECHNOLOGIES, INC.,

a Delaware Corporation,

Respondent. 

_______________________________

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CASE NO. C 03 03523 RMW 

STIPULATION AND 

ORDER RE DISBURSEMENT OF MONEY

DEPOSITED WITH THE COURT

Related Case: C01-20767 RMW ADR

Petitioner Schoenduve Corporation ("Schoenduve") and

Respondent Lucent Technologies Inc. ("Lucent"), through their

counsel of record, hereby stipulate as follows:

1. This Court entered judgment on an arbitration

award in favor of Schoenduve Corporation.

2. Lucent made a motion to deposit money in lieu of

Case 5:03-cv-03523-RMW Document 78 Filed 05/12/06 Page 1 of 4
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STIP AND ORDER RE DISBURSEMENT OF

LA 3910931 v1 MONEY DEPOSITED W/ COURT Case No. C 03 03523 RMW

an appeal bond to stay enforcement of the judgment pending

appeal. This Court granted that motion and ordered Lucent to

deposit $5 million to stay enforcement of the judgment. 

3. Lucent deposited $5 million on or about July 1,

2004.

4. The Ninth Circuit recently affirmed the judgment.

5. The parties have resolved their differences

regarding disposition of the money that was deposited. They have

agreed that Schoenduve should receive 4,375,979.08 (prejudgment

and post-judgment interest plus $150 in costs in the district

court and $150 in costs in the Ninth Circuit) if payment is

received by May 1, 2006 (and an additional $551.08 per day if

payment is received after May 1, 2006) and the remaining balance

should be made payable to Agere Systems Inc. (A chart

calculating the amount due Schoenduve is attached hereto as

Exhibit A.) 

5. The parties request that one check be made payable

to Russo & Hale LLP Trust Account FBO Schoenduve Corporation

for the appropriate amount in Paragraph 4 and sent to its counsel

(Jack Russo at the law firm of Russo & Hale LLP located at 401

Florence Street, Palo Alto, CA 94301). 

6. The parties request that a second check for the

remaining balance be made payable to Agere Systems Inc. and sent

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STIP AND ORDER RE DISBURSEMENT OF

LA 3910931 v1 MONEY DEPOSITED W/ COURT Case No. C 03 03523 RMW

to its counsel (Jeff Riffer of the law firm of Jeffer, Mangels,

Butler & Marmaro LLP located at 1900 Avenue of the Stars, 7th

Floor, Los Angeles, CA 90067). 

7. The parties reserve the right to seek

recalculation of the post-judgment daily interest rate to conform

to the appropriate rate set by law if payment is not made by May

15, 2006.

IT IS SO AGREED:

DATED: April 26, 2006 JEFFER, MANGELS, BUTLER & MARMARO LLP

JEFFREY K. RIFFER 

By: -JEFFREY K. RIFFERJEFFREY K. RIFFER 

Attorneys for Respondent LUCENT

TECHNOLOGIES INC. 

DATED: April 26, 2006 RUSSO & HALE LLP

JACK RUSSO

MICHAEL RISCH

By: - JACK RUSSO - 

JACK RUSSO

Attorneys for Petitioner SCHOENDUVE

CORPORATION

IT IS SO ORDERED

Dated: ____________, 2006 __________________________________

United States District Court Judge

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STIP AND ORDER RE DISBURSEMENT OF

LA 3910931 v1 MONEY DEPOSITED W/ COURT Case No. C 03 03523 RMW

DECLARATION OF JEFFREY K. RIFFER 

I, Jeffrey K. Riffer, declare as follows: 

1. I am duly licensed to practice before this Court

and am a partner with the law firm of Jeffer, Mangels, Butler &

Marmaro LLP, counsel for Respondent Lucent Technologies, Inc.

("Lucent").

2. I attest that concurrence in the filing of this

document has been obtained from each of the other signatories

which shall serve in lieu of their signature(s) on this document. 

I declare under penalty of perjury under the laws

of the United States of America that the foregoing is true and

correct. Executed this 26th day of April 2006, at Los Angeles,

California. 

 -JEFFREY K. RIFFER- 

 JEFFREY K. RIFFER

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