Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-02743/USCOURTS-cand-4_14-cv-02743-12/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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STIPULATED PROTECTIVE ORDER 1 CASE NO. C-3:14-CV-02743-HSG

JINA L. CHOI (N.Y. Bar No. 2699718)

SUSAN F. LaMARCA (Cal. Bar No. 215231)

 lamarcas@sec.gov

E. BARRETT ATWOOD (Cal. Bar No. 291181)

 atwoode@sec.gov

VICTOR HONG (Cal. Bar No. 165938)

 hongv@sec.gov

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

44 Montgomery Street, Suite 2800

San Francisco, California 94104

Telephone: (415) 705-2500

Facsimile: (415) 705-2501

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

v.

SALEEM KHAN, et al.,

 Defendants.

Case No. 3:14-CV-02743-HSG

STIPULATED PROTECTIVE ORDER

Date Filed: July 2, 2015

Trial Date: 8:30 a.m., October 17, 2016

1. PURPOSES AND LIMITATIONS

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

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

purpose other than prosecuting litigation may be warranted. Accordingly, 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 

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 1 of 22
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STIPULATED PROTECTIVE ORDER 2 CASE NO. C-3:14-CV-02743-HSG

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” 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) and which the Designating Party in good faith believes constitutes (i) sensitive 

business material or information which in the ordinary course is neither made available to the general 

public or the industry at large and which the Designating Party would not normally reveal to third 

parties or would cause third parties to maintain in confidence, such as sales or technical details, 

commercial, financial, budgeting and/or accounting information, marketing studies, development 

information, information about existing and potential customers, business strategies (including loss 

prevention strategies), business expansion and/or growth plans, information relating to the breakdown 

of sales by store and/or business retail chain (e.g. Ross Dress For Less and dds DISCOUNTS), 

information relating to assessment of shrink and/or shortage amounts or results, decisions and/or 

negotiations and/or confidential and proprietary information about affiliates, parents, subsidiaries and 

third parties with whom the Designating Party has had business relationships, organizational charts or 

personnel directories, personally identifying (including financial) information regarding the 

Designating Party’s employees, customers and/or third parties, information regarding the Designating 

Party’s computer systems and servers (including network addresses and screen shots); or (ii) 

information that the Designating Party reasonably believes constitutes a trade secret under applicable 

statutory and case law. All information or items so designated shall be referred to in this Protective 

Order as “Confidential” and shall be handled in strict accordance with the terms of this Protective 

Order.

2.3 “HIGHLY CONFIDENTIAL” Information or Items: information (regardless of how 

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STIPULATED PROTECTIVE ORDER 3 CASE NO. C-3:14-CV-02743-HSG

it is generated, stored or maintained) or tangible things which the Designating Party in good faith 

believes is highly sensitive and the disclosure of which could prejudice the Designating Party or its 

competitive position in the market(s) in which its operations could be damaged if the information is 

disclosed under the protection provided by a “Confidential Designation.” Such information includes 

business strategies (including loss prevention strategies), business expansion and/or growth plans, 

information relating to the breakdown of sales by store and/or business retail chain (e.g. Ross Dress 

For Less and dds DISCOUNTS), information regarding the Designating Party’s computer systems 

and servers (including network addresses and screen shots); and personally identifying (including 

financial) information regarding the Designating Party’s employees, customers and/or third parties. 

All information or items so designated shall be referred to in this Protective Order as “Highly 

Confidential” and shall be handled in strict accordance with the terms of this Protective Order. 

2.4 Counsel (without qualifier): Counsel of Record and House Counsel (as well as their 

support staff).

2.5 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 “HIGHLY 

CONFIDENTIAL PER P.O.”

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

or manner in which they are 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.

2.7 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.

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

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

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

entity not named as a Party to this action.

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STIPULATED PROTECTIVE ORDER 4 CASE NO. C-3:14-CV-02743-HSG

2.10 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.

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

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

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

in this action.

2.13 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.

2.14 Protected Material: any Disclosure or Discovery Material that is designated 

“CONFIDENTIAL PER P.O.” or “HIGHLY CONFIDENTIAL PER P.O.” 

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

Producing Party.

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.

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STIPULATED PROTECTIVE ORDER 5 CASE NO. C-3:14-CV-02743-HSG

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.

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:

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STIPULATED PROTECTIVE ORDER 6 CASE NO. C-3:14-CV-02743-HSG

(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.” or “HIGHLY 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 “HIGHLY CONFIDENTIAL” pursuant to this 

Protective Order. 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.” or “HIGHLY 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).

(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.” or “HIGHLY 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 

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STIPULATED PROTECTIVE ORDER 7 CASE NO. C-3:14-CV-02743-HSG

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.

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 

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STIPULATED PROTECTIVE ORDER 8 CASE NO. C-3:14-CV-02743-HSG

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 

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, or as otherwise provided in this Order. 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).

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” Information or Items. Unless otherwise ordered by 

the court or permitted in writing by the Designating Party or consistent with this Order, a Receiving 

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

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STIPULATED PROTECTIVE ORDER 9 CASE NO. C-3:14-CV-02743-HSG

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

said 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; 

(f) 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);

(g) any witness who counsel for a Party in good faith believes may be called to 

testify at trial or deposition in this action or in any criminal investigation or litigation. If this 

disclosure is made in 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; or

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

or other person who otherwise possessed or knew the information.

Prior to any disclosure of any Protected Material to any person identified above who must 

execute an “Acknowledgment and Agreement to Be Bound” (Exhibit A), such person shall be 

provided by counsel with a copy of this Stipulated Protective Order. Said counsel shall retain each 

signed “Acknowledgment and Agreement to Be Bound,” hold it in escrow, and produce it to 

opposing counsel either prior to such person being permitted to testify (at deposition or trial) or at the 

conclusion of the case, whichever comes first. Counsel shall make reasonable efforts to seek the 

return or destruction of materials provided to prospective witnesses.

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STIPULATED PROTECTIVE ORDER 10 CASE NO. C-3:14-CV-02743-HSG

7.3 Disclosure of “HIGHLY CONFIDENTIAL” Information or Items. Unless otherwise 

ordered by the court or permitted in writing by the Designating Party or consistent with this Order, a 

Receiving Party may disclose any information or item designated “HIGHLY CONFIDENTIAL PER 

P.O.” only to the persons listed in sections 7.2(a) and 7.2(c) through 7.2(f.), and any witness who 

counsel for a Party in good faith believes may be called to testify at trial or deposition in this action 

or in any criminal investigation or litigation provided the witness has signed the “Acknowledgement 

and Agreement to be Bound” (Exhibit A). 

7.4 Commission “Routine Uses” of Information Designated “CONFIDENTIAL” or 

“HIGHLY CONFIDENTIAL.” In addition to and notwithstanding the permitted disclosures set forth 

in sections 7.2 and 7.3 above, the Commission may make Protected Material received available, and 

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).

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 

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

“HIGHLY 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.” or “HIGHLY 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 

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STIPULATED PROTECTIVE ORDER 11 CASE NO. C-3:14-CV-02743-HSG

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

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

and designated as “CONFIDENTIAL PER P.O.” or “HIGHLY 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. 

In the event that a Party is required, by a valid discovery request, to produce a Non-Party’s 

confidential information in its possession, and the Party is subject to an agreement with the NonParty not to produce the Non-Party’s confidential information, then the Party shall:

(a) 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;

(b) 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 

(c) make the information requested available for inspection by the Non-Party. 

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.

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STIPULATED PROTECTIVE ORDER 12 CASE NO. C-3:14-CV-02743-HSG

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). This provision is not intended to 

modify whatever procedure may be established in an e-discovery order that provides for production 

without prior privilege review. Pursuant to Federal Rule of Evidence 502(d) and (e), insofar as the 

parties reach an agreement on the effect of disclosure of a communication or information covered by 

the attorney-client privilege or work product protection, the parties may incorporate their agreement 

in the stipulated protective order submitted to the court.

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 13 CASE NO. C-3:14-CV-02743-HSG

record in this action any Protected Material. 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 section 4, each 

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

sequester such material. 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. Notwithstanding this provision, 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 Stipulated Protective Order as set 

forth in section 4 (DURATION). Notwithstanding this provision, nothing in this Stipulated 

Protective Order should be read as altering the Commission’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 Commission will 

adhere to its record retention policies and procedures.

IT IS SO STIPULATED, THROUGH COUNSEL OF RECORD.

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STIPULATED PROTECTIVE ORDER 14 CASE NO. C-3:14-CV-02743-HSG

Dated: July 2, 2015

By: /s/ E. Barrett Atwood

Attorney for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

Dated:

By:

Attorney for Defendant

AMMAR AKBARI

Dated:

By:

ROSHANLAL CHAGANLAL, Pro Se

Dated: July 2, 2015

By: /s/ Christopher J. Cannon

Attorney for Defendant

SALEEM KHAN

Dated: July 2, 2015

By: /s/ Charlene S. Shimada

Attorney for Defendant

RANJAN MENDONSA

PURSUANT TO STIPULATION, IT IS SO ORDERED.

DATED: , 2015

By: ____________________________________

Hon. Haywood S. Gilliam, Jr.

United States District Court Judge

 July 7

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 14 of 22
Exhibit A 

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EXHIBIT A TO PROTECTIVE ORDER 1 CASE NO. C-3:14-CV-02743-HSG

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 ______________, 2015, in the case of Securities and 

Exchange Commission v. Khan, Case No. 3:14-cv-02743-HSG. 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: _________________________________

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 16 of 22
Exhibit B 

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 17 of 22
SEC 1662 (09-14)

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Supplemental Information for Persons Requested to Supply

Information Voluntarily or Directed to Supply Information

Pursuant to a Commission Subpoena

A. False Statements and Documents

Section 1001 of Title 18 of the United States Code provides as follows:

[W]hoever, in any matter within the jurisdiction of the executive, legislative, or judicial branch of the 

Government of the United States, knowingly and willfully--

(1) falsifies, conceals, or covers up by any trick, scheme, or device a material fact;

(2) makes any materially false, fictitious, or fraudulent statement or representation; or

(3) makes or uses any false writing or document knowing the same to contain any materially false, 

fictitious, or fraudulent statement or entry;

shall be fined under this title, imprisoned not more than 5 years . . . or both.

B. Testimony

If your testimony is taken, you should be aware of the following:

1. Record. Your testimony will be transcribed by a reporter. If you desire to go off the record, please indicate this to 

the Commission employee taking your testimony, who will determine whether to grant your request. The reporter 

will not go off the record at your, or your counsel’s, direction. 

2. Counsel. You have the right to be accompanied, represented and advised by counsel of your choice. Your 

counsel may advise you before, during and after your testimony; question you briefly at the conclusion of your 

testimony to clarify any of the answers you give during testimony; and make summary notes during your 

testimony solely for your use. If you are accompanied by counsel, you may consult privately. 

If you are not accompanied by counsel, please advise the Commission employee taking your testimony if, during the 

testimony, you desire to be accompanied, represented and advised by counsel. Your testimony will be adjourned 

once to afford you the opportunity to arrange to be so accompanied, represented or advised. 

You may be represented by counsel who also represents other persons involved in the Commission’s investigation. 

This multiple representation, however, presents a potential conflict of interest if one client’s interests are or may be 

adverse to another’s. If you are represented by counsel who also represents other persons involved in the 

investigation, the Commission will assume that you and counsel have discussed and resolved all issues concerning 

possible conflicts of interest. The choice of counsel, and the responsibility for that choice, is yours. 

3. Transcript Availability. Rule 6 of the Commission’s Rules Relating to Investigations, 17 CFR 203.6, states: 

A person who has submitted documentary evidence or testimony in a formal investigative proceeding 

shall be entitled, upon written request, to procure a copy of his documentary evidence or a transcript of 

his testimony on payment of the appropriate fees: Provided, however, That in a nonpublic formal 

investigative proceeding the Commission may for good cause deny such request. In any event, any 

witness, upon proper identification, shall have the right to inspect the official transcript of the witness’

own testimony.

If you wish to purchase a copy of the transcript of your testimony, the reporter will provide you with a copy of the 

appropriate form. Persons requested to supply information voluntarily will be allowed the rights provided by this rule.

4. Perjury. Section 1621 of Title 18 of the United States Code provides as follows:

Whoever--

(1) having taken an oath before a competent tribunal, officer, or person, in any case in which a law of 

the United States authorizes an oath to be administered, that he will testify, declare, depose, or certify 

truly, or that any written testimony, declaration, deposition, or certificate by him subscribed, is true, 

willfully and contrary to such oath states or subscribes any material matter which he does not believe to 

be true; or

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(2) in any declaration, certificate, verification, or statement under penalty of perjury as permitted under 

section 1746 of title 28, United States Code, willfully subscribes as true any material matter which he 

does not believe to be true;

is guilty of perjury and shall, except as otherwise expressly provided by law, be fined under this title or 

imprisoned not more than five years, or both. 

5. Fifth Amendment and Voluntary Testimony. Information you give may be used against you in any federal, state, 

local or foreign administrative, civil or criminal proceeding brought by the Commission or any other agency.

You may refuse, in accordance with the rights guaranteed to you by the Fifth Amendment to the Constitution of the 

United States, to give any information that may tend to incriminate you.

If your testimony is not pursuant to subpoena, your appearance to testify is voluntary, you need not answer any 

question, and you may leave whenever you wish. Your cooperation is, however, appreciated.

6. Formal Order Availability. If the Commission has issued a formal order of investigation, it will be shown to you 

during your testimony, at your request. If you desire a copy of the formal order, please make your request in writing.

C. Submissions and Settlements

Rule 5(c) of the Commission’s Rules on Informal and Other Procedures, 17 CFR 202.5(c), states:

Persons who become involved in . . . investigations may, on their own initiative, submit a written 

statement to the Commission setting forth their interests and position in regard to the subject matter 

of the investigation. Upon request, the staff, in its discretion, may advise such persons of the 

general nature of the investigation, including the indicated violations as they pertain to them, and 

the amount of time that may be available for preparing and submitting a statement prior to the 

presentation of a staff recommendation to the Commission for the commencement of an 

administrative or injunction proceeding. Submissions by interested persons should be forwarded to 

the appropriate Division Director or Regional Director with a copy to the staff members conducting 

the investigation and should be clearly referenced to the specific investigation to which they relate. 

In the event a recommendation for the commencement of an enforcement proceeding is presented 

by the staff, any submissions by interested persons will be forwarded to the Commission in 

conjunction with the staff memorandum.

The staff of the Commission routinely seeks to introduce submissions made pursuant to Rule 5(c) as evidence in 

Commission enforcement proceedings, when the staff deems appropriate.

Rule 5(f) of the Commission’s Rules on Informal and Other Procedures, 17 CFR 202.5(f), states: 

In the course of the Commission’s investigations, civil lawsuits, and administrative proceedings, the 

staff, with appropriate authorization, may discuss with persons involved the disposition of such 

matters by consent, by settlement, or in some other manner. It is the policy of the Commission, 

however, that the disposition of any such matter may not, expressly or impliedly, extend to any 

criminal charges that have been, or may be, brought against any such person or any 

recommendation with respect thereto. Accordingly, any person involved in an enforcement matter 

before the Commission who consents, or agrees to consent, to any judgment or order does so 

solely for the purpose of resolving the claims against him in that investigative, civil, or 

administrative matter and not for the purpose of resolving any criminal charges that have been, or 

might be, brought against him. This policy reflects the fact that neither the Commission nor its staff 

has the authority or responsibility for instituting, conducting, settling, or otherwise disposing of 

criminal proceedings. That authority and responsibility are vested in the Attorney General and 

representatives of the Department of Justice.

D. Freedom of Information Act

The Freedom of Information Act, 5 U.S.C. 552 (the “FOIA”), generally provides for disclosure of information to the 

public. Rule 83 of the Commission’s Rules on Information and Requests, 17 CFR 200.83, provides a procedure by 

which a person can make a written request that information submitted to the Commission not be disclosed under the 

FOIA. That rule states that no determination as to the validity of such a request will be made until a request for 

disclosure of the information under the FOIA is received. Accordingly, no response to a request that information not 

be disclosed under the FOIA is necessary or will be given until a request for disclosure under the FOIA is received. If 

you desire an acknowledgment of receipt of your written request that information not be disclosed under the FOIA, 

please provide a duplicate request, together with a stamped, self-addressed envelope. 

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 19 of 22
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E. Authority for Solicitation of Information

Persons Directed to Supply Information Pursuant to Subpoena. The authority for requiring production of information is 

set forth in the subpoena. Disclosure of the information to the Commission is mandatory, subject to the valid assertion 

of any legal right or privilege you might have.

Persons Requested to Supply Information Voluntarily. One or more of the following provisions authorizes the 

Commission to solicit the information requested: Sections 19 and/or 20 of the Securities Act of 1933; Section 21 of 

the Securities Exchange Act of 1934; Section 321 of the Trust Indenture Act of 1939; Section 42 of the Investment 

Company Act of 1940; Section 209 of the Investment Advisers Act of 1940; and 17 CFR 202.5. Disclosure of the 

requested information to the Commission is voluntary on your part.

F. Effect of Not Supplying Information

Persons Directed to Supply Information Pursuant to Subpoena. If you fail to comply with the subpoena, the 

Commission may seek a court order requiring you to do so. If such an order is obtained and you thereafter fail to 

supply the information, you may be subject to civil and/or criminal sanctions for contempt of court. In addition, if the 

subpoena was issued pursuant to the Securities Exchange Act of 1934, the Investment Company Act of 1940, and/or 

the Investment Advisers Act of 1940, and if you, without just cause, fail or refuse to attend and testify, or to answer 

any lawful inquiry, or to produce books, papers, correspondence, memoranda, and other records in compliance with 

the subpoena, you may be found guilty of a misdemeanor and fined not more than $1,000 or imprisoned for a term of 

not more than one year, or both.

Persons Requested to Supply Information Voluntarily. There are no direct sanctions and thus no direct effects for 

failing to provide all or any part of the requested information.

G. Principal Uses of Information

The Commission’s principal purpose in soliciting the information is to gather facts in order to determine whether any 

person has violated, is violating, or is about to violate any provision of the federal securities laws or rules for which 

the Commission has enforcement authority, such as rules of securities exchanges and the rules of the Municipal 

Securities Rulemaking Board. Facts developed may, however, constitute violations of other laws or rules. Information 

provided may be used in Commission and other agency enforcement proceedings. Unless the Commission or its staff 

explicitly agrees to the contrary in writing, you should not assume that the Commission or its staff acquiesces in, 

accedes to, or concurs or agrees with, any position, condition, request, reservation of right, understanding, or any 

other statement that purports, or may be deemed, to be or to reflect a limitation upon the Commission’s receipt, use, 

disposition, transfer, or retention, in accordance with applicable law, of information provided.

H. Routine Uses of Information

The Commission often makes its files available to other governmental agencies, particularly United States Attorneys 

and state prosecutors. There is a likelihood that information supplied by you will be made available to such agencies 

where appropriate. Whether or not the Commission makes its files available to other governmental agencies is, in 

general, a confidential matter between the Commission and such other governmental agencies.

Set forth below is a list of the routine uses which may be made of the information furnished.

1. To appropriate agencies, entities, and persons when (a) it is suspected or confirmed that the security or 

confidentiality of information in the system of records has been compromised; (b) the SEC has determined that, as a 

result of the suspected or confirmed compromise, there is a risk of harm to economic or property interests, identity 

theft or fraud, or harm to the security or integrity of this system or other systems or programs (whether maintained by 

the SEC or another agency or entity) that rely upon the compromised information; and (c) the disclosure made to 

such agencies, entities, and persons is reasonably necessary to assist in connection with the SEC’s efforts to 

respond to the suspected or confirmed compromise and prevent, minimize, or remedy such harm.

2. To other federal, state, local, or foreign law enforcement agencies; securities self-regulatory organizations; and 

foreign financial regulatory authorities to assist in or coordinate regulatory or law enforcement activities with the SEC.

3. To national securities exchanges and national securities associations that are registered with the SEC, the 

Municipal Securities Rulemaking Board; the Securities Investor Protection Corporation; the Public Company 

Accounting Oversight Board; the federal banking authorities, including, but not limited to, the Board of Governors of 

the Federal Reserve System, the Comptroller of the Currency, and the Federal Deposit Insurance Corporation; state 

securities regulatory agencies or organizations; or regulatory authorities of a foreign government in connection with 

their regulatory or enforcement responsibilities.

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 20 of 22
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4. By SEC personnel for purposes of investigating possible violations of, or to conduct investigations authorized by, 

the federal securities laws.

5. In any proceeding where the federal securities laws are in issue or in which the Commission, or past or present 

members of its staff, is a party or otherwise involved in an official capacity.

6. In connection with proceedings by the Commission pursuant to Rule 102(e) of its Rules of Practice, 17 CFR 

201.102(e).

7. To a bar association, state accountancy board, or other federal, state, local, or foreign licensing or oversight 

authority; or professional association or self-regulatory authority to the extent that it performs similar functions 

(including the Public Company Accounting Oversight Board) for investigations or possible disciplinary action.

8. To a federal, state, local, tribal, foreign, or international agency, if necessary to obtain information relevant to the 

SEC’s decision concerning the hiring or retention of an employee; the issuance of a security clearance; the letting of 

a contract; or the issuance of a license, grant, or other benefit.

9. To a federal, state, local, tribal, foreign, or international agency in response to its request for information 

concerning the hiring or retention of an employee; the issuance of a security clearance; the reporting of an 

investigation of an employee; the letting of a contract; or the issuance of a license, grant, or other benefit by the 

requesting agency, to the extent that the information is relevant and necessary to the requesting agency's decision on 

the matter.

10. To produce summary descriptive statistics and analytical studies, as a data source for management information, 

in support of the function for which the records are collected and maintained or for related personnel management 

functions or manpower studies; may also be used to respond to general requests for statistical information (without 

personal identification of individuals) under the Freedom of Information Act.

11. To any trustee, receiver, master, special counsel, or other individual or entity that is appointed by a court of 

competent jurisdiction, or as a result of an agreement between the parties in connection with litigation or 

administrative proceedings involving allegations of violations of the federal securities laws (as defined in section 

3(a)(47) of the Securities Exchange Act of 1934, 15 U.S.C. 78c(a)(47)) or pursuant to the Commission’s Rules of 

Practice, 17 CFR 201.100 – 900 or the Commission’s Rules of Fair Fund and Disgorgement Plans, 17 CFR 

201.1100-1106, or otherwise, where such trustee, receiver, master, special counsel, or other individual or entity is 

specifically designated to perform particular functions with respect to, or as a result of, the pending action or 

proceeding or in connection with the administration and enforcement by the Commission of the federal securities laws 

or the Commission’s Rules of Practice or the Rules of Fair Fund and Disgorgement Plans.

12. 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.

13. To interns, grantees, experts, contractors, and others who have been engaged by the Commission to assist in 

the performance of a service related to this system of records and who need access to the records for the purpose of 

assisting the Commission in the efficient administration of its programs, including by performing clerical, 

stenographic, or data analysis functions, or by reproduction of records by electronic or other means. Recipients of 

these records shall be required to comply with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 

552a.

14. In reports published by the Commission pursuant to authority granted in the federal securities laws (as such term 

is defined in section 3(a)(47) of the Securities Exchange Act of 1934, 15 U.S.C. 78c(a)(47)), which authority shall 

include, but not be limited to, section 21(a) of the Securities Exchange Act of 1934, 15 U.S.C. 78u(a)).

15. To members of advisory committees that are created by the Commission or by Congress to render advice and 

recommendations to the Commission or to Congress, to be used solely in connection with their official designated 

functions.

16. To any person who is or has agreed to be subject to the Commission’s Rules of Conduct, 17 CFR 200.735-1 to 

200.735-18, and who assists in the investigation by the Commission of possible violations of the federal securities 

laws (as such term is defined in section 3(a)(47) of the Securities Exchange Act of 1934, 15 U.S.C. 78c(a)(47)), in the 

preparation or conduct of enforcement actions brought by the Commission for such violations, or otherwise in 

connection with the Commission’s enforcement or regulatory functions under the federal securities laws.

Case 4:14-cv-02743-HSG Document 97 Filed 07/07/15 Page 21 of 22
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17. To a Congressional office from the record of an individual in response to an inquiry from the Congressional office 

made at the request of that individual.

18. To members of Congress, the press, and the public in response to inquiries relating to particular Registrants and 

their activities, and other matters under the Commission’s jurisdiction.

19. To prepare and publish information relating to violations of the federal securities laws as provided in 15 U.S.C. 

78c(a)(47)), as amended.

20. To respond to subpoenas in any litigation or other proceeding.

21. To a trustee in bankruptcy.

22. To any governmental agency, governmental or private collection agent, consumer reporting agency or 

commercial reporting agency, governmental or private employer of a debtor, or any other person, for collection, 

including collection by administrative offset, federal salary offset, tax refund offset, or administrative wage 

garnishment, of amounts owed as a result of Commission civil or administrative proceedings.

* * * * *

Small Business Owners: The SEC always welcomes comments on how it can better assist small businesses. If you 

would like more information, or have questions or comments about federal securities regulations as they affect small 

businesses, please contact the Office of Small Business Policy, in the SEC’s Division of Corporation Finance, at 202-

551-3460. If you would prefer to comment to someone outside of the SEC, you can contact the Small Business 

Regulatory Enforcement Ombudsman at http://www.sba.gov/ombudsman or toll free at 888-REG-FAIR. The 

Ombudsman’s office receives comments from small businesses and annually evaluates federal agency enforcement 

activities for their responsiveness to the special needs of small business.

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