Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_12-cv-04327/USCOURTS-cand-3_12-cv-04327-5/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 28:1332 Diversity-Securities &amp; Exchange Commission Act

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STIPULATION AND [PROPOSED] ORDER CONTINUING STAY OF ACTION

Case No. 12-CV-4327-JSW 

 

JORDAN ETH (Bar No. 121617)

Email: JEth@mofo.com 

ANNA ERICKSON WHITE (Bar No. 161385) 

Email: AWhite@mofo.com 

KEVIN A. CALIA (Bar No. 227406) 

Email: KCalia@mofo.com 

MORRISON & FOERSTER LLP 

425 Market Street 

San Francisco, California 94105-2482 

Telephone: 415.268.7000 

Facsimile: 415.268.7522 

Attorneys for Nominal Defendant ZYNGA INC. and 

Defendants MARK PINCUS, DAVID M. WEHNER, JOHN 

SCHAPPERT, MARK VRANESH, REGINALD D. DAVIS, 

CADIR B. LEE, JEFF KARP, WILLIAM GORDON, REID 

HOFFMAN, JEFFREY KATZENBERG, STANLEY J. 

MERESMAN, SUNIL PAUL, ELLEN F. SIMINOFF, and 

OWEN VAN NATTA 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

IN RE ZYNGA INC. DERIVATIVE 

LITIGATION 

This Document Relates To: 

All Derivative Actions 

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Lead Case No. 12-CV-4327-JSW 

Consolidated with Case Nos. 

12-CV-4330-JSW 

12-CV-4547-JSW 

12-CV-4684-JSW 

STIPULATION AND [PROPOSED] 

ORDER STAYING ACTION 

Judge: Hon. Jeffrey S. White 

Complaint Filed: August 16, 2012 

Trial Date: None Set 

Case 3:12-cv-04327-JSC Document 54 Filed 04/27/15 Page 1 of 4 Case4:12-cv-04327-JSW Document53 Filed04/24/15 Page1 of 6
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STIPULATION AND [PROPOSED] ORDER CONTINUING STAY OF ACTION

Case No. 12-CV-4327-JSW 1

The parties, through their undersigned counsel, hereby submit this Stipulation and 

[Proposed] Order continuing the stay in this action, as follows: 

WHEREAS, on December 3, 2012, the Court entered an order consolidating four related 

shareholder derivative lawsuits (the “Federal Derivative Action”) asserting claims against certain 

officers and directors of nominal defendant Zynga Inc., and appointing lead counsel; 

WHEREAS, a related consolidated securities class action captioned In re Zynga Inc. 

Securities Litigation, Lead Case No. 12-cv-04007-JSW (the “Federal Securities Class Action”) is 

currently pending in the United States District Court for the Northern District of California before 

the Honorable Jeffrey S. White; 

WHEREAS, by stipulated order dated March 20, 2014, the Federal Derivative Action was 

stayed pending resolution of the motion to dismiss the amended complaint in the Federal 

Securities Class Action; 

WHEREAS, on April 8, 2015, Judge White denied Defendants’ motion to dismiss the 

amended complaint in the Federal Securities Class Action; 

WHEREAS, a related consolidated shareholder derivative action captioned In re Zynga 

Shareholder Derivative Litigation, Lead Case No. CGC-12-522934 (the “State Derivative 

Action”) is pending in the Superior Court of California, County of San Francisco before Curtis 

E.A. Karnow, and is stayed by stipulation; 

WHEREAS, a related shareholder derivative action captioned Sandys v. Pincus et al., 

Case No. 9512-CB (the “Delaware Derivative Action”) is pending in the Delaware Chancery 

Court before Chancellor Andre Bouchard; 

WHEREAS, on December 9, 2014, Defendants moved to stay the Delaware Derivative 

Action in deference to the Federal Securities Class Action, or, in the alternative, to dismiss the 

action, and briefing on those motions is scheduled to conclude by May 15, 2015; 

WHEREAS, counsel for the parties in the Federal Derivative Action have engaged in 

discussions regarding appropriate next steps and means of efficiently managing the Federal 

Derivative Action; 

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STIPULATION AND [PROPOSED] ORDER CONTINUING STAY OF ACTION

Case No. 12-CV-4327-JSW 2

WHEREAS, the parties have reached an agreement that, to conserve party and judicial 

resources, all proceedings, discovery, and deadlines in the Federal Derivative Action shall 

continue to be stayed until the Delaware Chancery Court rules on Defendants’ pending motion to 

stay or dismiss the Delaware Derivative Action, or that motion is withdrawn. 

THEREFORE, IT IS HEREBY STIPULATED AND AGREED AS FOLLOWS: 

1. All proceedings, discovery, and deadlines in this action shall be deferred until the 

Delaware Chancery Court rules on Defendants’ motion to stay or dismiss the 

Delaware Derivative Action, or that motion is withdrawn. 

2. The parties shall meet and confer within 14 days of the Delaware Chancery 

Court’s ruling on or withdrawal of the motion to stay or dismiss the Delaware 

Derivative Action to discuss proposed next steps for this action, and shall report to 

the Court within 14 days after the meet and confer on the proposed next steps for 

this action. 

Dated: April 24, 2015 JORDAN ETH 

ANNA ERICKSON WHITE 

KEVIN A. CALIA 

MORRISON & FOERSTER LLP 

By: /s/ Anna Erickson White 

 ANNA ERICKSON WHITE 

Attorneys for Nominal Defendant ZYNGA 

INC. and Defendants MARK PINCUS, 

DAVID M. WEHNER, JOHN SCHAPPERT, 

MARK VRANESH, REGINALD D. DAVIS, 

CADIR B. LEE, JEFF KARP, WILLIAM 

GORDON, REID HOFFMAN, JEFFREY 

KATZENBERG, STANLEY J. 

MERESMAN, SUNIL PAUL, ELLEN F. 

SIMINOFF, and OWEN VAN NATTA

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STIPULATION AND [PROPOSED] ORDER CONTINUING STAY OF ACTION

Case No. 12-CV-4327-JSW 4

[PROPOSED] ORDER 

 Having reviewed the parties’ Stipulation and for good cause shown, the Court hereby 

orders that: 

1. All proceedings, discovery, and deadlines in this action shall be deferred until the 

Delaware Chancery Court rules on Defendants’ motion to stay or dismiss the 

Delaware Derivative Action, or that motion is withdrawn. 

2. The parties shall meet and confer within 14 days of the Delaware Chancery 

Court’s ruling on or withdrawal of the motion to stay or dismiss the Delaware 

Derivative Action to discuss proposed next steps for this action, and shall report to 

the Court within 14 days after the meet and confer on the proposed next steps for 

this action. 

IT IS SO ORDERED. 

Dated: By: 

Honorable Jeffrey S. White 

United States District Judge 

Case4:12-cv-04327-JSW Document53 Filed04/24/15 Page5 of 6

April 27, 2015

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