Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_18-cv-05080/USCOURTS-cand-3_18-cv-05080-3/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

GIBSON, DUNN & CRUTCHER LLP 

MARC J. FAGEL, SBN 154425 

mfagel@gibsondunn.com 

ELIZABETH A. DOOLEY, SBN 292358 

edooley@gibsondunn.com 

555 Mission Street, Suite 3000 

San Francisco, CA 94105-0921 

Telephone: 415.393.8200 

Facsimile: 415.393.8306 

Attorneys for Defendants 

MICHAEL B. ROTHENBERG ET AL. 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA, SAN FRANCISCO DIVISION 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff, 

v. 

MICHAEL B. ROTHENBERG, and 

ROTHENBERG VENTURES LLC (f/k/a 

FRONTIER TECHNOLOGY VENTURE 

CAPITAL LLC and ROTHENBERG 

VENTURES MANAGEMENT COMPANY, 

LLC), 

Defendants. 

 CASE NO. 3:18-CV-05080-JST 

STIPULATED PROTECTIVE ORDER 

Hon. Jon S. Tigar 

Action Filed: August 20, 2018 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 1 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST Gibson, Dunn & 

Crutcher LLP 

1. PURPOSES AND LIMITATIONS 

Disclosure and discovery activity in this action are likely to involve production of confidential, 

proprietary, or private information for which special protection from public disclosure and from use for 

any purpose other than prosecuting this litigation may be warranted. Specifically, this litigation will 

require the disclosure and use of financial information and bank records that may include confidential, 

proprietary, or private information warranting special protection. Accordingly, the Securities and 

Exchange Commission (“SEC”), Defendant Michael B. Rothenberg, and Defendant Rothenberg 

Ventures (collectively, the “Parties”) hereby stipulate to and petition the court to enter the following 

Stipulated Protective Order. The Parties acknowledge that this Order does not confer blanket 

protections on all disclosures or responses to discovery and that the protection it affords from public 

disclosure and use extends only to the limited information or items that are entitled to confidential 

treatment under the applicable legal principles. The Parties further acknowledge, as set forth in Section 

12.3, below, that this Stipulated Protective Order does not entitle them to file confidential information 

under seal; Civil Local Rule 79-5 sets forth the procedures that must be followed and the standards that 

will be applied when a party seeks permission from the court to file material under seal. 

2. DEFINITIONS 

2.1 Challenging Party: a Party or Non-Party that challenges the designation of information or items 

under this Order. 

2.2 “CONFIDENTIAL PER P.O.” Information or Items: information (regardless of how it 

is generated, stored or maintained) or tangible things that qualify for protection under Federal Rule of 

Civil Procedure 26(c). 

2.3 Counsel (without qualifier): Outside Counsel of Record and House Counsel (as well as 

their support staff). 

2.4 Designating Party: a Party or Non-Party that designates information or items that it 

produces in disclosures or in responses to discovery as “CONFIDENTIAL PER P.O” or subsequently 

designates information or items as “CONFIDENTIAL PER P.O.” that were obtained by Plaintiff 

Securities and Exchange Commission (“SEC”) during its investigation that preceded the filing of this 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 2 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

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case. 

2.5 Disclosure or Discovery Material: all items or information, regardless of the medium or 

manner in which it is generated, stored, or maintained (including, among other things, testimony, 

transcripts, and tangible things), that are produced or generated in disclosures or responses to discovery 

in this matter. 

2.6 Expert: a person with specialized knowledge or experience in a matter pertinent to the 

litigation who has been retained by a Party or its counsel to serve as an expert witness or as a consultant 

in this action. 

2.7 House Counsel: attorneys who are employees of a party to this action. House Counsel 

does not include Outside Counsel of Record or any other outside counsel. 

2.8 Non-Party: any natural person, partnership, corporation, association, or other legal 

entity not named as a Party to this action. 

2.9 Outside Counsel of Record: attorneys who are not employees of a party to this action 

but are retained to represent or advise a party to this action and have appeared in this action on behalf of 

that party or are affiliated with a law firm which has appeared on behalf of that party. 

2.10 Party: any party to this action, including all of its officers, directors, employees, 

consultants, retained experts, and Outside Counsel of Record (and their support staffs). 

2.11 Producing Party: a Party or Non-Party that produces Disclosure or Discovery Material 

in this action. 

2.12 Professional Vendors: persons or entities that provide litigation support services (e.g., 

photocopying, videotaping, translating, preparing exhibits or demonstrations, and organizing, storing, 

or retrieving data in any form or medium) and their employees and subcontractors. 

2.13 Protected Material: any Disclosure or Discovery Material that is designated as 

“CONFIDENTIAL PER P.O.” 

2.14 Receiving Party: a Party that receives Disclosure or Discovery Material from a 

Producing Party. 

 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 3 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

3. SCOPE 

The protections conferred by this Stipulation and Order cover not only Protected Material (as 

defined above), but also (1) any information copied or extracted from Protected Material; (2) all copies, 

excerpts, summaries, or compilations of Protected Material; and (3) any testimony, conversations, or 

presentations by Parties or their Counsel that might reveal Protected Material. However, the protections 

conferred by this Stipulation and Order do not cover the following information: (a) any information that 

is in the public domain at the time of disclosure to a Receiving Party or becomes part of the public 

domain after its disclosure to a Receiving Party as a result of publication not involving a violation of 

this Order, including becoming part of the public record through trial or otherwise; and (b) any 

information known to the Receiving Party prior to the disclosure or obtained by the Receiving Party 

after the disclosure from a source who obtained the information lawfully and under no obligation of 

confidentiality to the Designating Party. Any use of Protected Material at trial shall be governed by a 

separate agreement or order. 

4. DURATION 

Even after final disposition of this litigation, the confidentiality obligations imposed by this 

Order shall remain in effect until a Designating Party agrees otherwise in writing or a court order 

otherwise directs. Final disposition shall be deemed to be the later of (1) dismissal of all claims and 

defenses in this action, with or without prejudice; and (2) final judgment herein after the completion 

and exhaustion of all appeals, rehearings, remands, trials, or reviews of this action, including the time 

limits for filing any motions or applications for extension of time pursuant to applicable law. 

5. DESIGNATING PROTECTED MATERIAL 

5.1 Exercise of Restraint and Care in Designating Material for Protection. Each Party or 

Non-Party that designates information or items for protection under this Order must take care to limit 

any such designation to specific material that qualifies under the appropriate standards. The 

Designating Party must designate for protection only those parts of material, documents, items, or oral 

or written communications that qualify – so that other portions of the material, documents, items, or 

communications for which protection is not warranted are not swept unjustifiably within the ambit of 

this Order. 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 4 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

Mass, indiscriminate, or routinized designations are prohibited. Designations that are shown to 

be clearly unjustified or that have been made for an improper purpose (e.g., to unnecessarily encumber 

or retard the case development process or to impose unnecessary expenses and burdens on other parties) 

expose the Designating Party to sanctions. 

If it comes to a Designating Party’s attention that information or items that it designated for 

protection do not qualify for protection, that Designating Party must promptly notify all other Parties 

that it is withdrawing the mistaken designation. 

5.2 Manner and Timing of Designations. Except as otherwise provided in this Order (see, 

e.g., second paragraph of section 5.2(a) below), or as otherwise stipulated or ordered, Disclosure or 

Discovery Material that qualifies for protection under this Order must be clearly so designated before 

the material is disclosed or produced. 

Designation in conformity with this Order requires: 

(a) for information in documentary form (e.g., paper or electronic documents, but excluding 

transcripts of depositions or other pretrial or trial proceedings), that the Producing Party affix the legend 

“CONFIDENTIAL PER P.O.” to each page that contains protected material. If only a portion or 

portions of the material on a page qualifies for protection, the Producing Party also must clearly identify 

the protected portion(s) (e.g., by making appropriate markings in the margins). 

A Party or Non-Party that makes original documents or materials available for inspection need 

not designate them for protection until after the inspecting Party has indicated which material it would 

like copied and produced. During the inspection and before the designation, all of the material made 

available for inspection shall be deemed “CONFIDENTIAL PER P.O.” After the inspecting Party has 

identified the documents it wants copied and produced, the Producing Party must determine which 

documents, or portions thereof, qualify for protection under this Order. Then, before producing the 

specified documents, the Producing Party must affix the “CONFIDENTIAL PER P.O.” legend to each 

page that contains Protected Material. If only a portion or portions of the material on a page qualifies 

for protection, the Producing Party also must clearly identify the protected portion(s) (e.g., by making 

appropriate markings in the margins). 

A Party may designate any other Party’s or Non-Party’s documents or materials that qualify for 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 5 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

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protection under Federal Rule of Civil Procedure 26(c) as Protected Materials by providing written 

notice to all Parties identifying such materials within thirty (30) days of production by the Producing 

Party or Non-Party. Information in documentary form that has previously been stamped 

“CONFIDENTIAL,” or “CONFIDENTIAL PER F.O.I.A.,” or similarly designated in a production to 

the SEC during its investigation that preceded the filing of this case may be designated 

“CONFIDENTIAL PER P.O.” as set forth herein provided it qualifies for protection under Federal Rule 

of Civil Procedure 26(c); such information is not deemed Protected Material absent being designated 

“CONFIDENTIAL PER P.O.” 

(b) for testimony given in deposition or in other pretrial or trial proceedings, that the 

Designating Party identify on the record, before the close of the deposition, hearing, or other 

proceeding, all protected testimony. 

(c) for information produced in some form other than documentary and for any other 

tangible items, that the Producing Party affix in a prominent place on the exterior of the container or 

containers in which the information or item is stored the legend “CONFIDENTIAL PER P.O.” If only a 

portion or portions of the information or item warrant protection, the Producing Party, to the extent 

practicable, shall identify the protected portion(s). 

5.3 Inadvertent Failures to Designate. If timely corrected, an inadvertent failure to designate 

qualified information or items does not, standing alone, waive the Designating Party’s right to secure 

protection under this Order for such material. Upon timely correction of a designation, the Receiving 

Party must make reasonable efforts to assure that the material is treated in accordance with the 

provisions of this Order. 

6. CHALLENGING CONFIDENTIALITY DESIGNATIONS 

6.1 Timing of Challenges. Any Party or Non-Party may challenge a designation of 

confidentiality at any time. Unless a prompt challenge to a Designating Party’s confidentiality 

designation is necessary to avoid foreseeable, substantial unfairness, unnecessary economic burdens, or 

a significant disruption or delay of the litigation, a Party does not waive its right to challenge a 

confidentiality designation by electing not to mount a challenge promptly after the original designation 

is disclosed. 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 6 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

6.2 Meet and Confer. The Challenging Party shall initiate the dispute resolution process by 

providing written notice of each designation it is challenging and describing the basis for each 

challenge. To avoid ambiguity as to whether a challenge has been made, the written notice must recite 

that the challenge to confidentiality is being made in accordance with this specific paragraph of the 

Protective Order. The Parties shall attempt to resolve each challenge in good faith and must begin the 

process by conferring directly (in voice to voice dialogue; other forms of communication are not 

sufficient) within 14 days of the date of service of notice. In conferring, the Challenging Party must 

explain the basis for its belief that the confidentiality designation was not proper and must give the 

Designating Party an opportunity to review the designated material, to reconsider the circumstances, 

and, if no change in designation is offered, to explain the basis for the chosen designation. A 

Challenging Party may proceed to the next stage of the challenge process only if it has engaged in this 

meet and confer process first or establishes that the Designating Party is unwilling to participate in the 

meet and confer process in a timely manner. 

6.3 Judicial Intervention. If the Parties cannot resolve a challenge without court 

intervention, the Designating Party shall file and serve a motion to retain confidentiality under Civil 

Local Rule 7 (and in compliance with Civil Local Rule 79-5, if applicable) within 21 days of the initial 

notice of challenge or within 14 days of the Parties agreeing that the meet and confer process will not 

resolve their dispute, whichever is earlier. Each such motion must be accompanied by a competent 

declaration affirming that the movant has complied with the meet and confer requirements imposed in 

the preceding paragraph. Failure by the Designating Party to make such a motion including the required 

declaration within 21 days (or 14 days, if applicable) shall automatically waive the confidentiality 

designation for each challenged designation. In addition, the Challenging Party may file a motion 

challenging a confidentiality designation at any time if there is good cause for doing so, including a 

challenge to the designation of a deposition transcript or any portions thereof. Any motion brought 

pursuant to this provision must be accompanied by a competent declaration affirming that the movant 

has complied with the meet and confer requirements imposed by the preceding paragraph. 

The burden of persuasion in any such challenge proceeding shall be on the Designating Party. 

Frivolous challenges, and those made for an improper purpose (e.g., to harass or impose unnecessary 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 7 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

expenses and burdens on other parties) may expose the Challenging Party to sanctions. Unless the 

Designating Party has waived the confidentiality designation by failing to file a motion to retain 

confidentiality as described above, all Parties shall continue to afford the material in question the level 

of protection to which it is entitled under the Producing Party’s designation until the court rules on the 

challenge. 

7. ACCESS TO AND USE OF PROTECTED MATERIAL 

7.1 Basic Principles. A Receiving Party may use Protected Material that is disclosed or 

produced by another Party or by a Non-Party in connection with this case only for prosecuting, 

defending, or attempting to settle this litigation. Such Protected Material may be disclosed only to the 

categories of persons and under the conditions described in this Order. When the litigation has been 

terminated, a Receiving Party must comply with the provisions of section 13 below (FINAL 

DISPOSITION). In addition to and notwithstanding the permitted disclosures set forth above (and in 

section 7.2, below), the SEC may use the Protected Material consistent with the “Routine Uses of 

Information” set forth in SEC Form 1662 (a copy of which is attached hereto as Exhibit B) but 

excluding Routine Use of Information No. 12 (disclosing to “any persons during the course of any 

inquiry, examination, or investigation conducted by the SEC’s staff, or in connection with civil 

litigation, if the staff has reason to believe that the person to whom the record is disclosed may have 

further information about the matters related therein, and those matters appeared to be relevant at the 

time to the subject matter of the inquiry”). Use of Protected Material pursuant to the SEC Form 1662 

(excluding Routine Use of Information No. 12) will not require the receiving person to sign the 

“Acknowledgment and Agreement to Be Bound” (Exhibit A) unless expressly provided for in section 

7.2, below. 

Protected Material must be stored and maintained by a Receiving Party at a location and in a 

secure manner that ensures that access is limited to the persons authorized under this Order. 

7.2 Disclosure of “CONFIDENTIAL PER P.O.” Information or Items. Unless otherwise 

ordered by the court or permitted in writing by the Designating Party, a Receiving Party may disclose 

any information or item designated “CONFIDENTIAL PER P.O.” only to: 

(a) the Receiving Party’s Outside Counsel of Record in this action, as well as employees of 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 8 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

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said Outside Counsel of Record to whom it is reasonably necessary to disclose the information for this 

litigation; 

(b) the officers, directors, and employees (including House Counsel) of the Receiving Party 

to whom disclosure is reasonably necessary for this litigation;

(c) Experts (as defined in this Order) of the Receiving Party to whom disclosure is 

reasonably necessary for this litigation and who have signed the “Acknowledgment and Agreement to 

Be Bound” (Exhibit A); 

(d) the court and its personnel; 

(e) court reporters and their staff, professional jury or trial consultants, mock jurors, and 

Professional Vendors to whom disclosure is reasonably necessary for this litigation and who have 

signed the “Acknowledgment and Agreement to Be Bound” (Exhibit A); 

(f) witnesses in the action to whom disclosure is reasonably necessary and who have signed 

the “Acknowledgment and Agreement to Be Bound” (Exhibit A), unless otherwise agreed by the 

Designating Party or ordered by the court. If such disclosure is made during a deposition, pages of 

transcribed deposition testimony or exhibits to depositions that reveal Protected Material must be 

separately bound by the court reporter and may not be disclosed to anyone except as permitted under 

this Stipulated Protective Order; 

(g) the author or recipient of a document containing the information or a custodian or other 

person who otherwise possessed or knew the information; 

(h) any person that may receive information consistent with the Routine Uses of 

Information set forth in SEC Form 1662 (a copy of which is attached hereto as Exhibit B) excluding 

Routine Use of Information No. 12. Pursuant to Routine Use of Information No. 12, the SEC’s staff 

may disclose Protected Material to persons during the course of any inquiry, examination, or 

investigation conducted by the SEC’s staff, if the receiving person signs the “Acknowledgment and 

Agreement to Be Bound” (Exhibit A). 

8. PROTECTED MATERIAL SUBPOENAED OR ORDERED PRODUCED IN OTHER 

LITIGATION 

If a Party is served with a subpoena or a court order issued in other litigation that compels 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 9 of 16
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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

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disclosure of any information or items designated in this action as “CONFIDENTIAL PER P.O.,” that 

Party must: 

(a) promptly notify in writing the Designating Party. Such notification shall include a copy 

of the subpoena or court order; 

(b) promptly notify in writing the party who caused the subpoena or order to issue in the 

other litigation that some or all of the material covered by the subpoena or order is subject to this 

Protective Order. Such notification shall include a copy of this Stipulated Protective Order; and 

(c) cooperate with respect to all reasonable procedures sought to be pursued by the 

Designating Party whose Protected Material may be affected. 

If the Designating Party timely seeks a protective order, the Party served with the subpoena or 

court order shall not produce any information designated in this action as “CONFIDENTIAL PER 

P.O.” before a determination by the court from which the subpoena or order issued, unless the Party has 

obtained the Designating Party’s permission. The Designating Party shall bear the burden and expense 

of seeking protection in that court of its confidential material – and nothing in these provisions should 

be construed as authorizing or encouraging a Receiving Party in this action to disobey a lawful directive 

from another court. 

9. A NON-PARTY’S PROTECTED MATERIAL SOUGHT TO BE PRODUCED IN THIS 

LITIGATION 

(a) The terms of this Order are applicable to information produced by a Non-Party in this 

action and designated as “CONFIDENTIAL PER P.O.” Such information produced by Non-Parties in 

connection with this litigation is protected by the remedies and relief provided by this Order. Nothing in 

these provisions should be construed as prohibiting a Non-Party from seeking additional protections. 

(b) In the event that a Party is required, by a valid discovery request, to produce a NonParty’s confidential information in its possession, and the Party is subject to an agreement with the 

Non-Party not to produce the Non-Party’s confidential information, then the Party shall: 

(1) promptly notify in writing the Requesting Party and the Non-Party 

that some or all of the information requested is subject to a confidentiality 

agreement with a Non-Party; 

Case 3:18-cv-05080-JST Document 35 Filed 12/18/18 Page 10 of 16
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STIPULATED PROTECTIVE ORDER 

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(2) promptly provide the Non-Party with a copy of the Stipulated 

Protective Order in this litigation, the relevant discovery request(s), and a 

reasonably specific description of the information requested; and 

(3) make the information requested available for inspection by the NonParty. 

(c) If the Non-Party fails to object or seek a protective order from this court within 14 days 

of receiving the notice and accompanying information, the Receiving Party may produce the NonParty’s confidential information responsive to the discovery request. If the Non-Party timely seeks a 

protective order, the Receiving Party shall not produce any information in its possession or control that 

is subject to the confidentiality agreement with the Non-Party before a determination by the court. 

Absent a court order to the contrary, the Non-Party shall bear the burden and expense of seeking 

protection in this court of its Protected Material. 

10. UNAUTHORIZED DISCLOSURE OF PROTECTED MATERIAL 

If a Receiving Party learns that, by inadvertence or otherwise, it has disclosed Protected 

Material to any person or in any circumstance not authorized under this Stipulated Protective Order, the 

Receiving Party must immediately (a) notify in writing the Designating Party of the unauthorized 

disclosures, (b) use its best efforts to retrieve all unauthorized copies of the Protected Material, (c) 

inform the person or persons to whom unauthorized disclosures were made of all the terms of this 

Order, and (d) request such person or persons to execute the “Acknowledgment and Agreement to Be 

Bound” that is attached hereto as Exhibit A. 

11. INADVERTENT PRODUCTION OF PRIVILEGED OR OTHERWISE PROTECTED 

MATERIAL 

When a Producing Party gives notice to Receiving Parties that certain inadvertently produced 

material is subject to a claim of privilege or other protection, the obligations of the Receiving Parties 

are those set forth in Federal Rule of Civil Procedure 26(b)(5)(B). Pursuant to Federal Rule of Evidence 

502(d) and (e), the Parties agree to the following procedure in the event of the inadvertent disclosure of 

a communication or information covered by the attorney-client privilege or work product protection. 

(a) Any party that becomes aware of the production or disclosure of potentially privileged 

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STIPULATED PROTECTIVE ORDER 

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information shall notify all other Parties in writing within 10 days of discovering the 

inadvertent production or disclosure; 

(b) The Parties receiving such notice shall promptly return, sequester, or destroy the 

potentially privileged information, as well as take reasonable steps to retrieve the 

information if the party disclosed it before notification, and certify in writing that they 

have done so within 5 business days of receiving notification; and if the asserted 

privilege is disputed, contemporaneously provide notice of that dispute; 

(c) If any party disputes the assertion of privilege, the Parties must meet and confer within 5 

business days of receiving notice of this dispute; 

(d) If the meet and confer process is unsuccessful, the Parties shall file a joint letter pursuant 

to Judge Tigar’s standing order (paragraph H) within 14 days of the meet and confer; 

(e) Failure to timely file a joint letter (or a letter filed solely by the party asserting privilege), 

waives any claim of privilege; 

(f) While any dispute remains unresolved, all Parties agree not to use the potentially 

privileged information absent court order; and 

(g) The Parties agree to otherwise abide by the provisions of FRCP 26(b)(5)(B) and FRE 

502. The Parties may also stipulate to change any of the deadlines set forth above. 

(h) These provisions are not intended to modify whatever procedure may be established in 

an e-discovery order that provides for production without prior privilege review. 

12. MISCELLANEOUS 

12.1 Right to Further Relief. Nothing in this Order abridges the right of any person to seek its 

modification by the court in the future. 

12.2 Right to Assert Other Objections. By stipulating to the entry of this Protective Order no 

Party waives any right it otherwise would have to object to disclosing or producing any information or 

item on any ground not addressed in this Stipulated Protective Order. Similarly, no Party waives any 

right to object on any ground to use in evidence of any of the material covered by this Protective Order. 

12.3 Filing Protected Material. Without written permission from the Designating Party or a 

court order secured after appropriate notice to all interested persons, a Party may not file in the public 

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STIPULATED PROTECTIVE ORDER 

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record in this action any Protected Material. However, each Party agrees to give such written 

permission for Protected Material that is filed in support or opposition to the SEC’s motion to 

determine amounts of disgorgement and civil monetary penalties (“SEC’s Motion”) provided that (a) 

permission is requested in writing by the filing Party seven calendar days prior to filing; and (b) Social 

Security or taxpayer-identification numbers, dates of birth, names of minor children, financial account 

numbers, and home addresses are redacted in the filing pursuant to Rule 5.2 of the Federal Rules of 

Civil Procedure. If a Party seeks to prevent another Party from filing Protected Material in support or 

opposition to the SEC’s Motion, it must seek a separate agreement with the filing Party or the 

appropriate judicial relief (e.g., filing a motion for a protective order). 

In all filings not in support or opposition to the SEC’s Motion, a Party that seeks to file under 

seal any Protected Material must comply with Civil Local Rule 79-5. Protected Material may only be 

filed under seal pursuant to a court order authorizing the sealing of the specific Protected Material at 

issue. Pursuant to Civil Local Rule 79-5, a sealing order will issue only upon a request establishing that 

the Protected Material at issue is privileged, protectable as a trade secret, or otherwise entitled to 

protection under the law. If a Receiving Party's request to file Protected Material under seal pursuant to 

Civil Local Rule 79-5(d) is denied by the court, then the Receiving Party may file the information in the 

public record pursuant to Civil Local Rule 79-5(e) unless otherwise instructed by the court. 

13. FINAL DISPOSITION 

Within 60 days after the final disposition of this action, as defined in paragraph 4, each 

Receiving Party must return all Protected Material to the Producing Party or destroy such material, 

except as noted herein with respect to the SEC’s records retention requirements. As used in this 

subdivision, “all Protected Material” includes all copies, abstracts, compilations, summaries, and any 

other format reproducing or capturing any of the Protected Material. If the Protected Material is 

returned or destroyed, the Receiving Party must submit a written certification to the Producing Party 

(and, if not the same person or entity, to the Designating Party) by the 60 day deadline that (1) identifies 

(by category, where appropriate) all the Protected Material that was returned or destroyed and (2) 

affirms that the Receiving Party has not retained any copies, abstracts, compilations, summaries or any 

other format reproducing or capturing any of the Protected Material. Notwithstanding this provision, 

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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

Counsel are entitled to retain an archival copy of all pleadings, motion papers, trial, deposition, and 

hearing transcripts, legal memoranda, correspondence, deposition and trial exhibits, expert reports, 

attorney work product, and consultant and expert work product, even if such materials contain 

Protected Material. Any such archival copies that contain or constitute Protected Material remain 

subject to this Protective Order as set forth in Section 4 (DURATION). Notwithstanding this provision, 

nothing in this Stipulated Protective Order should be read as altering the SEC’s policies or procedures 

regarding record retention as approved by the National Archives and Records Administration; to the 

extent the obligations under this Order may conflict with those policies or procedures, the SEC will 

adhere to its record retention policies and procedures and in doing so will not be deemed to be acting 

contrary to this Order. 

IT IS SO STIPULATED, THROUGH COUNSEL OF RECORD. 

Dated: December 14, 2018 

SECURITIES AND EXCHANGE 

COMMISSION 

By: /s/ E. Barret Atwood E. Barret Atwood 

E. BARRETT ATWOOD, SBN 291181 

atwoode@sec.gov 

44 Montgomery Street, Suite 2800 

San Francisco, CA 94104 

Telephone: (415) 705-2500 

Facsimile: (415) 705-2501 

Attorneys for Plaintiff Securities and Exchange 

Commission

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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

Dated: December 14, 2018 

GIBSON, DUNN & CRUTCHER LLP. 

By: /s/ Marc J. Fagel 

Marc J. Fagel 

Attorneys for Defendants Michael B. Rothenberg and 

Rothenberg Ventures LLC 

DECLARATION OF FILER PURSUANT TO CIVIL LOCAL RULE 5-1(i) 

Pursuant to Local Rule 5-1(i), the filer attests that the concurrence in the filing of this 

document has been obtained from each of the signatories. 

Dated: December 14, 2018 

GIBSON, DUNN & CRUTCHER LLP. 

By: /s/ Marc J. Fagel Marc J. Fagel 

Attorneys for Defendants Michael B. Rothenberg and 

Rothenberg Ventures LLC 

PURSUANT TO STIPULATION, IT IS SO ORDERED. 

Dated: December ___, 2018 

 

Judge Jon S. Tigar 

United States District Judge 

 

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STIPULATED PROTECTIVE ORDER 

CASE NO. 3:18-CV-05080-JST 

Gibson, Dunn & 

Crutcher LLP 

EXHIBIT A 

ACKNOWLEDGMENT AND AGREEMENT TO BE BOUND 

I, _____________________________ [print or type full name], of _________________ [print or type 

full address], declare under penalty of perjury that I have read in its entirety and understand the 

Stipulated Protective Order that was issued by the United States District Court for the Northern District 

of California on [date] in the case of ___________ [insert formal name of the case and the number 

and initials assigned to it by the court]. I agree to comply with and to be bound by all the terms of 

this Stipulated Protective Order and I understand and acknowledge that failure to so comply could 

expose me to sanctions and punishment in the nature of contempt. I solemnly promise that I will not 

disclose in any manner any information or item that is subject to this Stipulated Protective Order to any 

person or entity except in strict compliance with the provisions of this Order. 

I further agree to submit to the jurisdiction of the United States District Court for the Northern District 

of California for the purpose of enforcing the terms of this Stipulated Protective Order, even if such 

enforcement proceedings occur after termination of this action.

I hereby appoint __________________________ [print or type full name] of 

_______________________________________ [print or type full address and telephone number] as 

my California agent for service of process in connection with this action or any proceedings related to 

enforcement of this Stipulated Protective Order. 

Date: ______________________________________ 

City and State where sworn and signed: _________________________________ 

Printed name: _______________________________ 

Signature: __________________________________ 

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