Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_18-cv-00838/USCOURTS-cand-3_18-cv-00838-3/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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JOINT STIP AND [PROPOSED] ORDER TO 

EXTEND TIME FOR DEFENDANTS TO FILE 

RESPONSE TO AMENDED COMPLAINT 

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Stephen D. Hibbard (State Bar No. 177865)

sdhibbard@jonesday.com

John C. Tang (State Bar No. 212371)

jctang@jonesday.com

Nathaniel P. Garrett (State Bar No. 248211)

ngarrett@jonesday.com

JONES DAY

555 California Street, 26th Floor

San Francisco, CA 94104

Telephone: +1.415.626.3939

Facsimile: +1.415.875.5700

Attorneys for Defendants

SUPER MICRO COMPUTER, INC., CHARLES 

LIANG, and PERRY G. HAYES

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

LOGAN HESSEFORT, individually and 

on behalf of all others similarly situated,

Plaintiff,

v.

SUPER MICRO COMPUTER, INC., 

CHARLES LIANG, HOWARD 

HIDESHIMA, and PERRY G. HAYES,

Defendants.

Case No. 3:18-CV-00838-JST

JOINT STIPULATION AND 

[PROPOSED] ORDER TO EXTEND 

TIME FOR DEFENDANTS TO FILE 

RESPONSE TO AMENDED 

COMPLAINT

Case 3:18-cv-00838-JST Document 58 Filed 11/07/18 Page 1 of 5
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JOINT STIP AND [PROPOSED] ORDER TO 

EXTEND TIME FOR DEFENDANTS TO FILE 

RESPONSE TO AMENDED COMPLAINT 

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WHEREAS, on February 8, 2018, two class action complaints were filed against 

Defendants Super Micro Computer, Inc. (the “Company”), Charles Liang, and Howard 

Hideshima: (1) Hessefort v. Super Micro Computer, Inc., No. 3:18-cv-838 (ECF No. 1), and (2) 

United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 WBPA Fund v. 

Super Micro Computer, Inc., No. 3:18-cv-850-JST (ECF No. 1) (collectively, the “Complaints”);

WHEREAS, the Complaints allege claims under the federal securities laws, regarding, 

among other matters, the Company’s failure to timely file its 2017 Annual Report on Form 10-K 

and other financial statements in light of an internal investigation into revenue recognition, that 

are subject to the procedural requirements of the Private Securities Litigation Reform Act of 1995 

(“Reform Act”), including those set forth in 15 U.S.C. §78u-4.

WHEREAS, on May 8, 2018, upon motion by New York Hotel Trades Council & Hotel 

Association of New York City, Inc. Pension Fund (“Pension Fund”), the Court found United 

Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 WBPA Fund v. Super 

Micro Computer, Inc., No. 3:18-cv-850-JST, related to Hessefort v. Super Micro Computer, Inc.,

No. 3:18-cv-838.

WHEREAS, on May 25, 2018, the Court appointed the Pension Fund as lead plaintiff, 

approved Plaintiff’s selection of Robbins Geller Rudman & Dowd as lead counsel, and 

consolidated United Union of Roofers, Waterproofers & Allied Workers Local Union No. 8 

WBPA Fund v. Super Micro Computer, Inc., No. 3:18-cv-850-JST, and Hessefort v. Super Micro 

Computer, Inc., No. 3:18-cv-838 (ECF No. 46); 

WHEREAS, on June 25, 2018, the parties stipulated to and filed with the Court a 

proposed schedule governing the deadlines related to pleadings in this matter (“June 25, 2018 

Joint Stipulation”), which reflected the Company’s hope that it would become current with its 

U.S. Securities and Exchange Commission (“SEC”) filings by August 24, 2018 and which also 

would have provided Pension Fund time to consider those filings in connection with filing an 

amended complaint;

WHEREAS, on June 26, 2018, the Court filed its order approving the June 25, 2018 Joint 

Stipulation (“June 26, 2018 Scheduling Order”);

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JOINT STIP AND [PROPOSED] ORDER TO 

EXTEND TIME FOR DEFENDANTS TO FILE 

RESPONSE TO AMENDED COMPLAINT 

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WHEREAS, on August 21, 2018, the Company announced that it had submitted a letter to 

Nasdaq stating that the Company will not be able to complete and file its Annual Report on Form 

10-K for its fiscal year ended June 30, 2017 and its Quarterly Reports on Form 10-Q for its fiscal 

quarters ended September 30, 2017, December 31, 2017 and March 31, 2018 with the Securities 

and Exchange Commission (“SEC”) by August 24, 2018;

WHEREAS, on September 24, 2018, Plaintiff filed its Consolidated Class Action 

Complaint for Violation of the Federal Securities Laws (ECF No. 51) against the Company, 

Charles Liang, Howard Hideshima, and Perry G. Hayes (collectively, “Defendants”) (the 

“Consolidated Complaint”);

WHEREAS, pursuant to the June 26, 2018 Scheduling Order, the Defendants’ responses 

to the Consolidated Complaint are due on or before November 8, 2018;

WHEREAS, as of the date of the filing of this stipulation, the Company has not become 

current with its SEC filings; 

WHEREAS, the Company’s delinquent SEC filings, which when filed may or may not 

include some restatement of the Company’s historical financial statements, will likely bear 

directly on Plaintiff’s allegations;

WHEREAS, the Company expects to determine on or before November 16, 2018 whether 

an announcement regarding reliance on its historical financial statements is required and, thus, 

whether some restatement of those historical financial statements is warranted;

WHEREAS, such a near term announcement by the Company may warrant further 

amendment of the Consolidated Complaint;

WHEREAS, after meeting and conferring, in order to avoid the unnecessary expenditure 

of judicial resources or effort by the Court or the parties, the parties have agreed to extend the 

time for Defendants to respond to the Consolidated Complaint by 13 days to November 21, 2018, 

at which time either: (1) if the Company has made an announcement on or before November 16, 

2018, that its historical financial statements cannot be relied upon and/or a restatement is

warranted, the parties will present for the Court’s approval a new proposed schedule to supersede 

the June 26, 2018 Scheduling Order; or (2) Defendants will file their responses to the 

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JOINT STIP AND [PROPOSED] ORDER TO 

EXTEND TIME FOR DEFENDANTS TO FILE 

RESPONSE TO AMENDED COMPLAINT 

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Consolidated Complaint and, if applicable, briefing on a motion to dismiss will proceed under the 

timeline set forth in the June 26, 2018 Scheduling Order providing 45 days for plaintiffs’ 

opposition briefing and 30 days for defendants’ reply briefing.

NOW THEREFORE, the undersigned parties, by and through their counsel of record, 

stipulate as follows:

1. In the event the Company makes an announcement that its historical financials can 

no longer be relied upon and/or a restatement of historical financials is warranted, on or before 

November 21, 2018, the parties shall present for the Court’s consideration a new proposed 

schedule for an amendment to the Consolidated Complaint and any response thereto to supersede 

the June 26, 2018 Scheduling Order. Otherwise, on or before November 21, 2018, the 

Defendants shall file and serve their responses to the Consolidated Complaint with briefing on 

any motion to dismiss to proceed as set forth in the June 26, 2018 Scheduling Order.

DATED: November 5, 2018 JONES DAY

/s/ Stephen D. Hibbard

Stephen D. Hibbard

John C. Tang

Nathaniel P. Garrett

555 California Street, 26th Floor

San Francisco, CA 94104

Telephone: 415-875-5809

Counsel for Super Micro Computer, Inc., 

Charles Liang, and Perry G. Hayes

DATED: November 5, 2018 PAUL HASTINGS LLP

/s/ Nicolas Morgan 

Nicolas Morgan

515 South Flower Street, 25th Floor

Los Angeles, CA 90072

Telephone: 213-683-6181

Counsel for Defendant Howard Hideshima

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JOINT STIP AND [PROPOSED] ORDER TO 

EXTEND TIME FOR DEFENDANTS TO FILE 

RESPONSE TO AMENDED COMPLAINT 

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DATED: November 5, 2018 ROBBINS GELLER RUDMAN & DOWD 

LLP

/s/ Shawn A. Williams

Shawn A. Williams

Daniel J. Pfefferbaum

Post Montgomery Center

One Montgomery Street, Suite 1800

San Francisco, CA 94104

Telephone: 415-288-4545

Counsel for Lead Plaintiff New York Hotel 

Trades Council & Hotel Association of New 

York City, Inc. Pension Fund

I, Stephen D. Hibbard, am the ECF User whose ID and password are being used to file 

this JOINT STIPULATION AND [PROPOSED] ORDER TO EXTEND TIME FOR 

DEFENDANTS TO FILE RESPONSE TO AMENDED COMPLAINT. In compliance with 

Local Rule 5-1(i)(3), I hereby attest that counsel for Lead Plaintiff, Daniel J. Pfefferbaum, and 

Defendant Howard Hideshima, Nicolas Morgan, concur in this filing.

DATED: November 5, 2018

/s/ Stephen D. Hibbard

Stephen D. Hibbard

* * *

[PROPOSED] ORDER

IT IS SO ORDERED.

DATED: _____________________________ __________________________________

THE HONORABLE JON S. TIGAR

UNITED STATES DISTRICT JUDGE

November 7, 2018

Case 3:18-cv-00838-JST Document 58 Filed 11/07/18 Page 5 of 5