Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_15-cv-01797/USCOURTS-cand-3_15-cv-01797-0/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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1033565_1 

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ROBBINS GELLER RUDMAN 

 & DOWD LLP 

SHAWN A. WILLIAMS (213113) 

Post Montgomery Center 

One Montgomery Street, Suite 1800 

San Francisco, CA 94104 

Telephone: 415/288-4545 

415/288-4534 (fax) 

shawnw@rgrdlaw.com 

– and – 

SAMUEL H. RUDMAN 

MARY K. BLASY (211262) 

58 South Service Road, Suite 200 

Melville, NY 11747 

Telephone: 631/367-7100 

631/367-1173 (fax) 

srudman@rgrdlaw.com 

mblasy@rgrdlaw.com 

Attorneys for Plaintiff 

[Additional counsel appear on signature page.] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

OKLAHOMA POLICE PENSION & 

RETIREMENT SYSTEM, Individually and on 

Behalf of All Others Similarly Situated, 

Plaintiff, 

vs. 

MAGNACHIP SEMICONDUCTOR 

CORPORATION, et al., 

Defendants. 

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Case No. 3:15-cv-01797-JST 

CLASS ACTION 

STIPULATION AND [PROPOSED] ORDER 

EXTENDING UNDERWRITER 

DEFENDANTS’ AND AVENUE 

CAPITAL’S TIME TO RESPOND TO 

CLASS ACTION COMPLAINT 

Case 3:15-cv-01797-JST Document 34 Filed 06/03/15 Page 1 of 6
1033565_1 STIPULATION AND [PROPOSED] ORDER EXTENDING UNDERWRITER DEFENDANTS’ AND 

AVENUE CAPITAL’S TIME TO RESPOND TO CLASS ACTION COMPLAINT - 3:15-cv-01797-JST -1-

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WHEREAS, Plaintiff Oklahoma Police Pension & Retirement System commenced the 

above-captioned action by filing a purported class action Complaint for Violation of the Federal 

Securities Laws (the “Complaint”) against MagnaChip Semiconductor Corporation, Sang Park, Tae 

Young Hwang, Margaret Sakai, R. Douglas Norby, Ilbok Lee, Nader Tavakoli, Randal Klein, 

Michael Elkins, Avenue Capital Management II, L.P., Barclays Capital Inc., Citigroup Global 

Markets Inc., Deutsche Bank Securities Inc., Needham & Company, LLC and UBS Securities LLC 

(collectively, “Defendants”) on April 21, 2015. 

WHEREAS, the deadline for filing a response to the Complaint for Defendants Barclays 

Capital Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Needham & Company, 

LLC and UBS Securities LLC (collectively, the “Underwriter Defendants”) is June 4, 2015. 

WHEREAS, the deadline for filing a response to the Complaint for Defendant Avenue 

Capital Management II, L.P. (“Avenue Capital”) is June 4, 2015. 

WHEREAS, on May 4, 2015, this Court entered a Related Case Order finding that the abovecaptioned action is related to Thomas, et al. v. Magnachip Semiconductor Corp., et al., No. 3:14-cv1160-JST (the “Thomas Action”), which is also pending before this Court. Dkt. No. 80 (Thomas 

Action). 

WHEREAS, a motion to consolidate the above-captioned action with the Thomas Action has 

been filed and will be heard by this Court on June 11, 2015 at 2:00 p.m. Dkt. Nos. 78, 81 (Thomas

Action). 

WHEREAS, in the Thomas Action, the Court extended the Thomas Action defendants’ time 

to respond to the operative complaint pending resolution of the motion to consolidate. See Dkt. No. 

85 (Thomas Action). 

WHEREAS, pursuant to the Private Securities Litigation Reform Act of 1995 (“PSLRA”), 15 

U.S.C. §78u-4(a)(3)(A)(i)(II), motions for appointment of lead plaintiff in Case No. 3:15-cv-01797-

JST are due on June 22, 2015. 

WHEREAS, following resolution of the motion to consolidate and the appointment of a lead 

plaintiff for this action, filing of a consolidated or amended complaint may be permitted or required. 

Case 3:15-cv-01797-JST Document 34 Filed 06/03/15 Page 2 of 6
1033565_1 STIPULATION AND [PROPOSED] ORDER EXTENDING UNDERWRITER DEFENDANTS’ AND 

AVENUE CAPITAL’S TIME TO RESPOND TO CLASS ACTION COMPLAINT - 3:15-cv-01797-JST -2-

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WHEREAS, plaintiff, the Underwriter Defendants, and Avenue Capital have agreed that the 

Underwriter Defendants and Avenue Capital should not be required to answer or otherwise respond 

to the Complaint until resolution of the motion to consolidate cases (Dkt. No. 78 (Thomas Action)) 

and motions for appointment of lead plaintiff under the PSLRA, and the filing of any amended or 

consolidated complaint that may be required or permitted by the Court. 

WHEREAS, the parties have not previously requested an extension of time in the abovecaptioned matter. 

NOW, THEREFORE, it is hereby stipulated and agreed by the undersigned counsel as 

follows: 

1. The Underwriter Defendants and Avenue Capital shall not be required to answer or 

otherwise respond to the Complaint until resolution of the motion to consolidate cases in the Thomas

Action (Dkt. No. 78) and resolution of all motions for appointment of lead plaintiff, in Case No. 

3:15-cv-01797-JST that are filed on or before June 22, 2015. The Underwriter Defendants’ and 

Avenue Capital’s time for responding to the Complaint, or any amended or consolidated complaint 

required or permitted by the Court, shall be set when the Court rules on the foregoing motions. 

2. Agreement to this Stipulation by the Underwriter Defendants and Avenue Capital 

does not constitute a general appearance by any of the Underwriter Defendants or Avenue Capital 

and is without prejudice to and without waiver of any of the Underwriter Defendants’ or Avenue 

Capital’s defenses, objections or arguments in this matter or any other matter. 

DATED: June 2, 2015 Respectfully submitted, 

ROBBINS GELLER RUDMAN 

 & DOWD LLP 

SHAWN A. WILLIAMS 

s/SHAWN A. WILLIAMS

 SHAWN A. WILLIAMS

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Post Montgomery Center 

One Montgomery Street, Suite 1800 

San Francisco, CA 94104 

Telephone: 415/288-4545 

415/288-4534 (fax)

ROBBINS GELLER RUDMAN 

 & DOWD LLP 

SAMUEL H. RUDMAN 

MARY K. BLASY 

58 South Service Road, Suite 200 

Melville, NY 11747 

Telephone: 631/367-7100 

631/367-1173 (fax)

ROBBINS GELLER RUDMAN 

 & DOWD LLP 

DAVID C. WALTON 

DANIELLE S. MYERS 

655 West Broadway, Suite 1900 

San Diego, CA 92101 

Telephone: 619/231-1058 

619/231-7423 (fax)

Attorneys for Plaintiff 

DATED: June 2, 2015 LATHAM & WATKINS LLP 

PATRICK E. GIBBS (Bar No. 183174)

s/PATRICK E. GIBBS (w/permission)

 PATRICK E. GIBBS 

140 Scott Drive 

Menlo Park, CA 94025 

Telephone: 650/328-4600 

650/463-2600 (fax) 

Patrick.Gibbs@lw.com 

 LATHAM & WATKINS LLP 

JAMES E. BRANDT (pro hac vice pending) 

JASON C. HEGT (pro hac vice pending) 

885 Third Avenue, Suite 1000 

New York, NY 10022 

Telephone: 212/906-1200 

212/751-4864 (fax) 

James.Brandt@lw.com 

Jason.Hegt@lw.com 

Case 3:15-cv-01797-JST Document 34 Filed 06/03/15 Page 4 of 6
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Attorneys for Defendants Barclays Capital Inc., 

Citigroup Global Markets Inc., Deutsche Bank 

Securities Inc., Needham & Company, LLC, and 

UBS Securities LLC 

DATED: June 2, 2015 AKIN GUMP STRAUSS HAUER & FELD LLP 

JOHN C. MURPHY (admitted pro hac vice) 

s/JOHN C. MURPHY (w/permission)

JOHN C. MURPHY

One Bryant Park 

New York, NY 10036 

Telephone: 212/872-1000 

212/872-1002(fax) 

AKIN GUMP STRAUSS HAUER & FELD LLP 

MICHAEL A. ASARO (admitted pro hac vice) 

DOUGLASS B. MAYNARD (admitted pro hac 

vice) 

SYDNEY SPECTOR (admitted pro hac vice) 

One Bryant Park 

New York, NY 10036 

Telephone: 212-872-1000 

212-872-1002 (fax) 

Attorneys for Defendant Avenue Capital 

Management II, L.P. 

IT IS SO ORDERED. 

DATED: _________________________ ____________________________________ 

THE HONORABLE JON S. TIGAR 

UNITED STATES DISTRICT JUDGE 

June 3, 2015

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

 Judge Jon S. Tigar 

Case 3:15-cv-01797-JST Document 34 Filed 06/03/15 Page 5 of 6
1033565_1 

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Certificate Pursuant to Locl Rule 5-1(i)(3) 

I, Shawn A. Williams, am the ECF User whose identification and password are being used to 

file the Stipulation and [Proposed] Order Extending Underwriter Defendants’ and Avenue Capital’s 

Time to Respond to Class Action Complaint. In compliance with Local Rule 5-1(i)(3), I hereby 

attest that Patrick E. Gibbs and John C. Murphy have concurred in this filing. 

Dated: June 2, 2015 

s/SHAWN A. WILLIAMS

 SHAWN A. WILLIAMS

Case 3:15-cv-01797-JST Document 34 Filed 06/03/15 Page 6 of 6