Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04088/USCOURTS-cand-4_04-cv-04088-2/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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Stipulation to Extend Deadline 

C-04-4088-CW

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HELANE L. MORRISON (Cal. Bar No. 127752)

JOHN S. YUN (Cal. Bar No. 112260)

ROBERT L. MITCHELL (Cal. Bar NO. 161354)

TRACY L. DAVIS (Cal. Bar No. 184129)

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

44 Montgomery Street, Suite 2600

San Francisco, California 94104

Telephone: (415) 705-2500

Fax: (415) 705-2501

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

OAKLAND DIVISION

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

vs.

JEREMY R. LENT, JOHN V. HASHMAN, YINZI 

CAI, DOUGLAS WACTHEL And BRUCE 

RIGIONE,

Defendants,

THE LENT FAMILY TRUST,

Relief Defendant.

Case No. C-04-4088-CW

ORDER GRANTING JOINT STIPULATION 

TO EXTEND DEADLINE FOR COURTORDERED MEDIATION 

Case 4:04-cv-04088-CW Document 83 Filed 08/30/05 Page 1 of 4
Stipulation to Extend Deadline

C-04-4088-CW

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STIPULATION TO EXTEND MEDIATION DEADLINE

During the latest case management conference on July 15, 2005, the Court directed the 

parties to complete a court-ordered mediation by no later than November 15, 2005. On August 10, 

2005, counsel for the parties held a telephonic conference call with the court-appointed mediator, Mr. 

David Meadows. During that conference call, counsel agreed to tentatively set the mediation for the 

week of January 23, 2006, subject to the Court’s agreement to extend the deadline for conducting the 

mediation.

Good cause exists for extending the mediation deadline because that will allow the 

parties to perform additional analyses with their experts regarding the materiality, or non-materiality, 

of the alleged misstatements and/or omissions by NextCard, Inc. (“NextCard”) and the impact, or 

lack of impact, of the alleged misstatements and/or omission upon NextCard’s share price during 

2001. Such additional analyses will facilitate a more meaningful discussion during the mediation of 

the Commission’s disgorgement and civil penalties demands against defendants Jeremy R. Lent, John 

V. Hashman, Yinzi Cai and Douglas Wachtel on its insider trading claims. The amount of the 

Commission’s disgorgement and civil penalties demand on its insider trading claims will be a 

significant factor in any future effort to settle its case against those defendants and relief defendant 

Lent Family Trust.

The parties therefore request that the Court extend the deadline for completing courtordered mediation from November 15, 2005 to January 31, 2006. There have been no prior requests 

to extend the deadline for completing court-ordered mediation.

Dated: August 18, 2005 /s/ John S. Yun_______________

JOHN S. YUN

ROBERT L. MITCHELL

Attorneys for Plaintiff

SECURITIES AND EXCHANGE COMMISSION

Case 4:04-cv-04088-CW Document 83 Filed 08/30/05 Page 2 of 4
Stipulation to Extend Deadline

C-04-4088-CW

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Dated: August 19, 2005 /s/ Shirli .F. Weiss___________

SHIRLI FABBRI WEISS

PAUL A. REYNOLDS

DLA PIPER RUDNICK GRAY CARY US LLP

Attorneys for Defendant JEREMY R. LENT and THE LENT 

FAMILY TRUST

Dated: August 18, 2005 David M. Jolley_____________

HARRIS WEINSTEIN

DAVID M. JOLLEY

COVINGTON & BURLING

Attorney for Defendant JOHN HASHMAN

Dated: August 18, 2005 Margaret L. Wu_____________

JORDAN ETH

CRAIG D. MARTIN

MARGARET L. WU

MORRISON & FOERSTER LLP

Attorneys for Defendant YINZI CAI

Dated: August 18, 2005 /s/ Bruce A. Ericson_______

BRUCE A. ERICSON

JACOB R. SORENSEN

KRISTIN M. LEFEVRE

RANAH L. ESMAILI

PILLSBURY WINTHROP SHAW PITTMAN LLP

Attorneys for Defendant BRUCE RIGIONE

Dated: August 18, 2005 /s/ Michael D. Celio_________

STUART L. GASNER

ETHAN A. BALOGH

MICHAEL D. CELIO

KEKER & VAN NEST, LLP

Attorneys for Defendant DOUGLAS WACHTEL

Case 4:04-cv-04088-CW Document 83 Filed 08/30/05 Page 3 of 4
Stipulation to Extend Deadline

C-04-4088-CW

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ORDER EXTENDING MEDIATION DEADLINE

The parties having stipulated to this Order, and good cause appearing, the Court hereby extends 

the deadline for completing court-ordered mediation from November 15, 2005 to January 31, 2006.

SO ORDERED.

/s/ CLAUDIA WILKEN

Dated: August 30, 2005 _______________________________

 Claudia Wilken, Judge

United States District Court

Case 4:04-cv-04088-CW Document 83 Filed 08/30/05 Page 4 of 4