Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-04717/USCOURTS-cand-3_14-cv-04717-2/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 AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC

COOLEY LLP

TOWER C. SNOW, JR. (58342)

(tsnow@cooley.com)

101 California Street, 5th Floor

San Francisco, CA 94111-5800

Telephone: (415) 693-2000

Facsimile: (415) 693-2222

JOHN C. DWYER (136533)

(dwyerjc@cooley.com)

JESSICA VALENZUELA SANTAMARIA (220934)

(jsantamaria@cooley.com)

ADAM C. TRIGG (261498)

(atrigg@cooley.com)

Five Palo Alto Square

3000 El Camino Real

Palo Alto, CA 94306-2155

Telephone: (650) 843-5000

Facsimile: (650) 849-7400

JOSEPH B. WOODRING (272940)

(jwoodring@cooley.com)

1333 2nd Street, Suite 400 

Santa Monica, CA 90401 

Telephone: (310) 883-6400

Facsimile: (310) 849-6500

Attorneys for Defendants

H. Ravi Brar, Susie Herrmann, and Murray Jones

[Additional Counsel on Signature Page]

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SPECIAL SITUATIONS FUND III QP,

L.P., SPECIAL SITUATIONS CAYMAN

FUND, L.P. and WOLVERINE FLAGSHIP

FUND TRADING LIMITED,

Plaintiffs,

v.

H. RAVI BRAR, SUSIE HERRMANN and

MURRAY JONES

Defendants.

Case No. 3:14-CV-04717-SC

STIPULATION AND [PROPOSED] ORDER

STAYING CASE FOR MEDIATION

Judge: Hon. Samuel Conti

 

Case 3:14-cv-04717-SC Document 31 Filed 04/09/15 Page 1 of 5
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 1. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC

WHEREAS, on October 23, 2014, Plaintiffs Special Situations Fund III QP, L.P., Special

Situations Cayman Fund, L.P. and Wolverine Flagship Fund Trading Limited (collectively,

“Plaintiffs”) filed a complaint in the above captioned action (the “Complaint”) (Dkt. 1);

WHEREAS, on December 12, 2014, Defendants H. Ravi Brar, Susie Herrmann, and

Murray Jones (collectively, “Defendants”) filed a motion to dismiss the Complaint (Dkt. 18),

which the parties fully briefed;

WHEREAS, on March 26, 2015, this Court issued an Order granting in part and denying

in part Defendants’ Motion to Dismiss (the “Order” (Dkt. 29));

WHEREAS, the Order allowed certain claims to proceed, dismissed certain claims with

leave to amend, and allowed Plaintiffs 30 days to file an amended complaint;

WHEREAS, the parties have met and conferred about resolving this action extrajudicially, and are discussing scheduling a mediation;

WHEREAS, in the interest of conserving the resources of the Court and the parties, and to

maximize judicial economy, the parties have agreed to stay the case for 60 days to allow the

parties to attend mediation;

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED among the parties,

through their respective counsel, as follows:

1. This action shall be stayed for 60 days, beginning upon the entry of an Order

granting this stipulation, to allow the parties to attend mediation.

2. All duties and obligations in this action shall be extended 60 days from the current

dates of such duties or obligations.

3. The stay shall expire 60 days after the signature date of an Order granting this

stipulation.

4. Plaintiffs’ deadline to file an amended complaint shall be 30 days after the

expiration of the 60 day stay.

5. The deadline for Defendants’ response to any amended complaint, or to the

complaint currently on file, shall be mutually agreed by the parties at the end of the 60 day stay.

Case 3:14-cv-04717-SC Document 31 Filed 04/09/15 Page 2 of 5
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 2. STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC

IT IS SO STIPULATED.

Dated: April 6, 2015 COOLEY LLP

TOWER C. SNOW (58342)

JOHN C. DWYER (136533)

JESSICA VALENZUELA SANTAMARIA (220934)

ADAM C. TRIGG (261498)

JOSEPH B. WOODRING (272940)

/s/ Joseph B. Woodring

Joseph B. Woodring (272940)

Attorneys for Defendants

H. Ravi Brar, Susie Herrmann, and Murray Jones

Dated: April 6, 2015 LOWENSTEIN SANDLER LLP

MICHAEL J. McGAUGHEY (198617)

STEVEN M. HECHT (appearance pro hac vice)

/s/ Steven M. Hecht

Steven M. Hecht (appearance pro hac vice)

1251 Avenue of the Americas

New York, NY 10020 

Telephone: 646-414-6902

Fax: 973-597-2381

E-mail: shecht@lowenstein.com

Attorneys for Plaintiffs

Special Situations Fund III QP, L.P., Special Situations

Cayman Fund, L.P. and Wolverine Flagship Fund

Trading Limited

Case 3:14-cv-04717-SC Document 31 Filed 04/09/15 Page 3 of 5
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STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC

ATTESTATION OF CONCURRENCE IN FILING

Pursuant to the General Order No. 45, section 45 X(B), for The United States District

Court for the Northern District of California, I, Joseph B. Woodring, hereby attest that the

concurrence to the filing of the foregoing document has been obtained from Steven M. Hecht,

who provided the conformed signature above.

Dated: April 6, 2015 COOLEY LLP

TOWER C. SNOW, JR. (58342)

JOHN C. DWYER (136533)

JESSICA VALENZUELA SANTAMARIA (220934)

ADAM C. TRIGG (261498)

JOSEPH B. WOODRING (272940)

/s/ Joseph B. Woodring

Joseph B. Woodring (272940)

Attorneys for Defendants

H. Ravi Brar, Susie Herrmann and Murray Jones

Case 3:14-cv-04717-SC Document 31 Filed 04/09/15 Page 4 of 5
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STIPULATION AND [PROPOSED] ORDER

CASE NO. 3:14-CV-04717-SC

ORDER

Pursuant to the stipulation of the parties, this action is stayed for 60 days. The stay shall

expire 60 days after the signature date of this Order. All duties and obligations are extended 60 

days from the current dates of such duties or obligations. Plaintiffs’ deadline to file an amended

complaint is 30 days after the expiration of the 60 day stay. The deadline for Defendants’

response to any amended complaint, or to the complaint currently on file, shall be mutually

agreed by the parties at the end of the 60 day stay.

IT IS SO ORDERED.

Dated: __________, 2015 

THE HONORABLE SAMUEL CONTI

UNITED STATES DISTRICT JUDGE

April 9

Case 3:14-cv-04717-SC Document 31 Filed 04/09/15 Page 5 of 5