Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_03-cv-03709/USCOURTS-cand-3_03-cv-03709-26/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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LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

PATRICK J. COUGHLIN (111070) 

REED R. KATHREIN (139304) 

JEFF D. FRIEDMAN (173886) 

JENNIE LEE ANDERSON (203586) 

SHANA E. SCARLETT (217895) 

DANIEL B. SWERDLIN (243452) 

100 Pine Street, Suite 2600 

San Francisco, CA 94111 

Telephone: 415/288-4545 

415/288-4534 (fax) 

patc@lerachlaw.com 

reedk@lerachlaw.com 

jfriedman@lerachlaw.com 

janderson@lerachlaw.com 

shanas@lerachlaw.com 

dswerdlin@lerachlaw.com 

– and – 

WILLIAM S. LERACH (68581) 

JOY ANN BULL (138009) 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

billl@lerachlaw.com

joyb@lerachlaw.com

Counsel for Lead Plaintiff and the Class 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

In re CV THERAPEUTICS, INC. 

SECURITIES LITIGATION 

This Document Relates To: 

ALL ACTIONS. 

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No. C-03-3709-SI 

CLASS ACTION

STIPULATION AND [PROPOSED] ORDER 

PRELIMINARILY APPROVING 

SETTLEMENT AND PROVIDING FOR 

NOTICE 

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 1 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 1 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

WHEREAS, a consolidated class action is pending before the Court entitled In re CV 

Therapeutics, Inc. Securities Litigation, No. C-03-3709-SI (the “Litigation”); and 

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WHEREAS, the Court has received the Stipulation of Settlement dated as of October 16, 

2006 (the “Stipulation”), that has been entered into by the Lead Plaintiff and Defendants, and filed 

on December 8, 2006, 

THEREFORE, the Settling Parties, by and through their counsel, hereby stipulate as follows: 

1. All defined terms contained herein shall have the same meanings as set forth in the 

Stipulation. 

2. Pursuant to Federal Rule of Civil Procedure 23(e), the Settling Parties jointly request 

the Court to enter this order preliminarily approving the settlement of this Litigation, in accordance 

with the Stipulation which, together with the Exhibits annexed thereto sets forth the terms and 

conditions for a proposed settlement of the Litigation and for dismissal of the Litigation with 

prejudice upon the terms and conditions set forth therein. 

PROVIDING FOR NOTICE - C-03-3709-SI - 1 -

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 2 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 2 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

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3. The Settling Parties further jointly request that the Court find that the proposed notice 

procedures and the schedule of events set forth herein meet the requirements of Federal Rule of Civil 

Procedure 23 and due process. 

 IT IS SO STIPULATED. 

DATED: December 14, 2006 LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

PATRICK J. COUGHLIN 

REED R. KATHREIN 

JEFF D. FRIEDMAN 

JENNIE LEE ANDERSON 

SHANA E. SCARLETT 

DANIEL B. SWERDLIN 

100 Pine Street, Suite 2600 

San Francisco, CA 94111 

Telephone: 415/288-4545 

415/288-4534 (fax) 

LERACH COUGHLIN STOIA GELLER 

 RUDMAN & ROBBINS LLP 

WILLIAM S. LERACH 

JOY ANN BULL 

s/ Joy Ann Bull 

JOY ANN BULL 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

Counsel for Lead Plaintiff and the Class 

I, Joy Ann Bull, am the ECF User whose ID and password are being used to file this 

Stipulation and [Proposed] Order Preliminarily Approving Settlement and Providing for Notice. In 

compliance with General Order 45, X.B., I hereby attest John C. Tang has concurred in this filing. 

DATED: December 14, 2006 LATHAM & WATKINS LLP 

PAUL H. DAWES 

JOHN C. TANG 

MICHELE D. JOHNSON 

PETER T. SNOW 

s/ John C. Tang 

JOHN C. TANG 

PROVIDING FOR NOTICE - C-03-3709-SI - 2 -

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 3 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 3 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

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140 Scott Drive 

Menlo Park, CA 94025 

Telephone: 650/328-4600 

650/463-2600 (fax) 

Attorneys for Defendants 

* * * 

O R D E R 

NOW, THEREFORE, IT IS HEREBY ORDERED: 

1. The Court does hereby preliminarily approve the Stipulation and the settlement set 

forth therein, subject to further consideration at the Settlement Hearing described below. 

2. A hearing (the “Settlement Hearing”) shall be held before this Court on March 9, 

2007, at 9:00 a.m., at the United States Courthouse, 450 Golden Gate Avenue, San Francisco, 

California, to determine whether the proposed settlement of the Litigation on the terms and 

conditions provided for in the Stipulation is fair, reasonable and adequate to the Class and should be 

approved by the Court; whether a Judgment as provided in ¶1.14 of the Stipulation should be entered 

herein; whether the proposed Plan of Allocation should be approved; and to determine the amount of 

fees and expenses that should be awarded to Lead Counsel. The Court may adjourn the Settlement 

Hearing without further notice to Members of the Class. 

3. The Court approves, as to form and content, the Notice of Pendency and Proposed 

Settlement of Class Action (the “Notice”), the Proof of Claim and Release form (the “Proof of 

Claim”), and Summary Notice for publication annexed as Exhibits A-1, A-2 and A-3 hereto, and 

finds that the mailing and distribution of the Notice and publishing of the Summary Notice 

substantially in the manner and form set forth in ¶¶4-5 of this Order meet the requirements of 

Federal Rule of Civil Procedure 23 and due process, and is the best notice practicable under the 

circumstances and shall constitute due and sufficient notice to all Persons entitled thereto. 

4. Pursuant to Rule 53(c) of the Federal Rules of Civil Procedure, the Court appoints 

Gilardi & Co. LLC (“Claims Administrator”) to supervise and administer the notice procedure as 

well as the processing of claims as more fully set forth below: 

PROVIDING FOR NOTICE - C-03-3709-SI - 3 -

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 4 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 4 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

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(a) Not later than January 10, 2007 (the “Notice Date”), Lead Counsel shall cause 

a copy of the Notice and the Proof of Claim, substantially in the forms annexed as Exhibits A-1 and 

A-2 hereto, to be mailed by first class mail to all Class Members who can be identified with 

reasonable effort; 

(b) Not later than January 11, 2007, Lead Counsel shall cause the Summary 

Notice to be published once in Investor’s Business Daily; and 

(c) At least seven (7) calendar days prior to the Settlement Hearing, Lead Counsel 

shall cause to be served on Defendants’ counsel and filed with the Court proof, by affidavit or 

declaration, of such mailing and publishing. 

5. Nominees who purchased CV Therapeutics publicly-traded securities between 

December 30, 2002 and December 5, 2003, shall send the Notice and the Proof of Claim to all 

beneficial owners of such CV Therapeutics securities within ten (10) days after receipt thereof, or 

send a list of the names and addresses of such beneficial owners to the Claims Administrator within 

ten (10) days of receipt thereof, in which event the Claims Administrator shall promptly mail the 

Notice and the Proof of Claim to such beneficial owners. Lead Counsel shall, if requested, 

reimburse banks, brokerage houses or other nominees solely for their reasonable out-of-pocket 

expenses incurred in providing notice to beneficial owners who are Class Members out of the Class 

Notice and Administration Fund, which expenses would not have been incurred except for the 

sending of such notice, subject to further order of this Court with respect to any dispute concerning 

such compensation. 

6. All Members of the Class shall be bound by all determinations and judgments in the 

Litigation concerning the settlement, whether favorable or unfavorable to the Class. 

7. Class Members who wish to participate in the settlement shall complete and submit 

Proof of Claim forms in accordance with the instructions contained therein. Unless the Court orders 

otherwise, all Proof of Claim forms must be postmarked no later than ninety (90) days from the 

Notice Date. Any Class Member who does not timely submit a Proof of Claim within the time 

provided for shall be barred from sharing in the distribution of the proceeds of the Net Settlement 

Fund, unless otherwise ordered by the Court. 

PROVIDING FOR NOTICE - C-03-3709-SI - 4 -

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 5 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 5 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

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8. Any Person who desires to request exclusion from the Class shall do so within the 

time set forth and in the manner described in the Notice. All Persons who submit valid and timely 

requests for exclusion in the manner set forth in the Notice shall have no rights under the Stipulation, 

shall not share in the distribution of the Net Settlement Fund, and shall not be bound by the 

Stipulation or the Judgment entered in the Litigation. 

9. Any Member of the Class may enter an appearance in the Litigation, at their own 

expense, individually or through counsel of their own choice. If they do not enter an appearance, 

they will be represented by Lead Counsel. 

10. Any Member of the Class may appear and show cause, if he, she or it has any reason, 

why the proposed settlement of the Litigation should or should not be approved as fair, reasonable 

and adequate, why a judgment should or should not be entered thereon, why the Plan of Allocation 

should or should not be approved, or why attorneys’ fees and expenses should or should not be 

awarded to Lead Counsel; provided, however, that no Class Member or any other Person shall be 

heard or entitled to contest the approval of the terms and conditions of the proposed settlement, or, if 

approved, the Judgment to be entered thereon approving the same, or the order approving the Plan of 

Allocation, or the attorneys’ fees and expenses to be awarded to Lead Counsel, unless that Person 

has delivered by hand or sent by first class mail written objections and copies of any papers and 

briefs such that they are received on or before February 20, 2007, by: Lerach Coughlin Stoia Geller 

Rudman & Robbins LLP, Joy Ann Bull, 655 W. Broadway, Suite 1900, San Diego, California 

92101; and Latham & Watkins LLP, John C. Tang, 140 Scott Drive, Menlo Park, CA 94025, and 

filed said objections, papers and briefs with the Clerk of the United States District Court for the 

Northern District of California, on or before February 20, 2007. Any Member of the Class who does 

not make his, her or its objection in the manner provided shall be deemed to have waived such 

objection and shall forever be foreclosed from making any objection to the fairness or adequacy of 

the proposed settlement as set forth in the Stipulation, to the Plan of Allocation, or to the award of 

attorneys’ fees and expenses to Lead Counsel, unless otherwise ordered by the Court. 

PROVIDING FOR NOTICE - C-03-3709-SI - 5 -

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 6 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 6 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

11. All funds held by the Escrow Agent shall be deemed and considered to be in custodia 

legis of the Court, and shall remain subject to the jurisdiction of the Court, until such time as such 

funds shall be distributed pursuant to the Stipulation and/or further order(s) of the Court. 

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12. All papers in support of the settlement, the Plan of Allocation, and the application by 

Lead Counsel for attorneys’ fees or reimbursement of expenses shall be filed and served seven (7) 

calendar days before the Settlement Hearing. 

13. Neither the Defendants nor their Related Parties shall have any responsibility for or 

liability with respect to the Plan of Allocation or any application for attorneys’ fees or 

reimbursement of expenses submitted by Lead Counsel, and such matters will be considered 

separately from the fairness, reasonableness and adequacy of the settlement. 

14. At or after the Settlement Hearing, the Court shall determine whether the Plan of 

Allocation proposed by Lead Counsel, and any application for attorneys’ fees or reimbursement of 

expenses shall be approved. 

15. All reasonable expenses incurred in identifying and notifying Class Members, as well 

as administering the Settlement Fund, shall be paid as set forth in the Stipulation. In the event the 

settlement is not approved by the Court, or otherwise fails to become effective, neither the Lead 

Plaintiff nor Lead Counsel shall have any obligation to repay any amounts actually and properly 

disbursed from the Class Notice and Administration Fund. 

16. Neither the Stipulation, nor any of its terms or provisions, nor any of the negotiations 

or proceedings connected with it, shall be construed as an admission or concession by Defendants or 

their Related Parties of the truth of any of the allegations in the Litigation, or of any liability, fault, 

or wrongdoing of any kind and shall not be construed as, or deemed to be evidence of or an 

admission or concession that Lead Plaintiff or any Class Members have suffered any damages, harm, 

or loss. 

17. In the event that the settlement does not become effective in accordance with the 

terms of the Stipulation or the Effective Date does not occur, or in the event that the Settlement 

Fund, or any portion thereof, is returned to the Defendants, then this Order shall be rendered null and 

void to the extent provided by and in accordance with the Stipulation and shall be vacated and, in 

PROVIDING FOR NOTICE - C-03-3709-SI - 6 -

Case 3:03-cv-03709-SI Document 437-1 Filed 12/14/2006 Page 7 of 11
 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 7 of 11
STIPULATION AND [PROPOSED] ORDER PRELIMINARILY APPROVING SETTLEMENT AND 

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such event, all orders entered and releases delivered in connection herewith shall be null and void to 

the extent provided by and in accordance with the Stipulation. 

18. The Court reserves the right to adjourn the date of the Settlement Hearing without 

further notice to the Members of the Class, and retains jurisdiction to consider all further 

applications arising out of or connected with the proposed settlement. The Court may approve the 

settlement, with such modifications as may be agreed to by the Settling Parties, if appropriate, 

without further notice to the Class. 

DATED: _____________________ 

THE HONORABLE SUSAN ILLSTON 

UNITED STATES DISTRICT JUDGE 

S:\Settlement\CV Therapeutics.set\V1 EA 00037282.doc 

PROVIDING FOR NOTICE - C-03-3709-SI - 7 -

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 Case 3:03-cv-03709-SI Document 438 Filed 12/18/06 Page 8 of 11
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CERTIFICATE OF SERVICE

I hereby certify that on December 14, 2006, I electronically filed 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 have 

mailed the foregoing document or paper via the United States Postal Service to the non-CM/ECF 

participants indicated on the attached Manual Notice List. 

I further certify that I caused this document to be forwarded to the following designated 

Internet site at: http://securities.lerachlaw.com/. 

s/ Joy Ann Bull 

JOY ANN BULL 

LERACH COUGHLIN STOIA GELLER 

RUDMAN & ROBBINS LLP 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax) 

E-mail:JoyB@lerachlaw.com

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