Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_16-cv-01386/USCOURTS-cand-3_16-cv-01386-26/pdf.json

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

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[PROPOSED] STIPULATION AND ORDER CONCERNING NON-DISCLOSURE OF CONFIDENTIAL 

INFORMATION 

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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff, 

 v.

JOHN B. BIVONA; SADDLE RIVER

ADVISERS, LLC; SRA 

MANAGEMENT ASSOCIATES, LLC; 

FRANK GREGORY MAZZOLA

Defendants. 

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Case No. 3:16-cv-1386

[PROPOSED] STIPULATION 

AND PROTECTIVE ORDER 

CONCERNING THE NONDISCLOSURE OF CERTAIN 

CONFIDENTIAL 

INFORMATION

Date: No Date

Time: No Time

Judge: Edward M. Chen

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The Receiver, interested party SRA Funds Investor Group and interested 

parties Global Generation Group LLC and Benchmark Capital LLC

(collectively, “the parties”), by and through their respective counsel, hereby 

stipulate and agree to the entry of a protective order as follows:

1. The Receiver in this matter, Sherwood Partners Inc. (“Sherwood”), 

has interviewed several investment banking firms (“IB Firms”) concerning the 

various possible methods of valuation and/or liquidation of the SRA Estate’s 

non-public securities assets (“the Assets”).

Case 3:16-cv-01386-EMC Document 261 Filed 10/06/17 Page 1 of 4
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[PROPOSED] STIPULATION AND ORDER CONCERNING NON-DISCLOSURE OF CONFIDENTIAL 

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2. On September 28, 2017, the Court ordered the parties to meet and 

confer on various issues pertaining to the valuation and/or liquidation of the 

Assets and to reach agreement on the terms of a protective order that would allow 

the Receiver to exchange confidential information with the other parties, but 

protect such information from any disclosure to third parties.

3. The parties, through their respective counsel, have met and 

conferred and agree that sensitive, non-public valuation information arising from 

the IB Firms’ proposals to manage the Assets, should be maintained as 

confidential, and that the public disclosure of pricing, appraisal or valuation of 

the Assets could negatively impact the ability of the IB Firm, or any other IB 

Firm approved by the Court, to fairly negotiate the best price for some or all of 

the Assets if a sale is ordered by the Court.

Pursuant to the foregoing stipulation, IT IS HEREBY ORDERED THAT:

 

 1. All information that is designated CONFIDENTIAL by the 

Receiver and provided by the Receiver (either directly or through its counsel) to 

counsel for the SRA Funds Investor Group and counsel for Global Generation 

Group LLC and Benchmark Capital LLC (“the Receiving Counsel”) shall be 

maintained as CONFIDENTIAL by Receiving Counsel. This will include the 

information submitted to the Court ex parte by the Receiver on September 28, 

2017.

2. Receiving Counsel may share such CONFIDENTIAL information 

only with those members or employees of their respective law firms directly 

involved in the representation associated with this lawsuit.

3. In order to allow Receiving Counsel to advise their respective 

clients in this matter, Receiving Counsel may also share such CONFIDENTIAL 

information with a single designated client representative on the following 

conditions:

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[PROPOSED] STIPULATION AND ORDER CONCERNING NON-DISCLOSURE OF CONFIDENTIAL 

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a. The designated client representative must be a signatory to 

the stipulation and order and agree to be bound by its provisions and subject to 

the jurisdiction of this Court for enforcement purposes; and

b. The designated client representative may not share any 

CONFIDENTIAL information with any other person or entity, including any 

entity with which the designated client representative holds an interest or 

position, without the express prior written consent of the Receiver.

Dated: October 6, 2017 GARTENBERG GELFAND HAYTON LLP

 By: /s/ John W. Cotton

John W. Cotton

Counsel for the Receiver

Dated: October 6, 2017 LUBIN, OLSON & NIEWIANDOMSKI LLP

 By: /s/ Theodore A. Griffinger, Jr.

Theodore A. Griffinger, Jr. 

Counsel for Global Generation LLC and 

Benchmark LLC

Dated: October 6, 2017 PRITZKER LEVINE LLP

 By: /s/ Jonathan K. Levine

Jonathan K. Levine 

Counsel for the SRA Funds Investor 

Group

Dated: October 6, 2017 GLOBAL GENERATION LLC AND 

BENCHMARK LLC

 By: ________________________

John Syron 

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Designated Client Representative

Dated: October 6, 2017 THE SRA FUNDS INVESTOR GROUP

 By: /s/ Peter T. Healy

Peter T. Healy 

Designated Client Representative

IT IS SO ORDERED.

DATED: October 6, 2017 

________________________

Judge Edward M. Chen

United States District Court

ATTESTATION

 I, Jonathan K. Levine, am the ECF user whose ID and password are 

being used to file this document. In compliance with Local Rule 5-1(i)(3), I 

hereby attest that all other signatories listed have concurred in this filing.

 /s/ Jonathan K. Levine

 Jonathan K. Levine 

4. Information designated CONFIDENTIAL may be used in connection with this case only, and must be stored and maintained in a 

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

5. If a party learns that, by inadvertence or otherwise, it has disclosed CONFIDENTIAL information to any person or in any 

circumstances not authorized under this stipulated protective order, the party must immediately (a) notify in writing the Receiver of the 

unauthorized disclosures, (b) use its best efforts to retrieve all unauthorized copies of the CONFIDENTIAL material, (c) inform the 

person or persons to whom unauthorized disclosures were made of all the terms of this Order, and (d) request that such person or 

persons execute the stipulation or order. 

6. Without written permission from the Receiver or a court order secured after appropriate notice to all interested persons, a party may 

not file in the public record in this action any CONFIDENTIAL material. A party that seeks to file under seal any CONFIDENTIAL 

material must comply with Civil Local Rule 79-5. 

(see additional paragraphs 4-6 added below).

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

AS MODIFIED

Judge Edward M. Chen

Case 3:16-cv-01386-EMC Document 261 Filed 10/06/17 Page 4 of 4