Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-04313/USCOURTS-cand-4_14-cv-04313-2/pdf.json

Parties Involved:
Leslie Z. Benet
Defendant
Robert L. Burr
Defendant
Allen Chao
Defendant
Nigel Ten Fleming
Defendant
Larry Hsu
Defendant
IMPAX Laboratories, Inc.
Defendant
Nicholas Karant
Plaintiff
Arthur A. Koch
Defendant
Michael Markbreiter
Defendant
Bryan M. Reasons
Defendant
Peter R. Terreri
Defendant

Document Text:

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

THE WEISER LAW FIRM, P.C.

KATHLEEN A. HERKENHOFF (168562)

12707 High Bluff Drive, Suite 200

San Diego, CA 92130

Telephone: (858) 794-1441

Facsimile: (858) 794-1450

kah@weiserlawfirm.com

Attorneys for Plaintiff

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SAN FRANCISCO DIVISION

NICHOLAS KARANT, Derivatively on 

Behalf of Nominal Defendant IMPAX 

LABORATORIES, INC,

Plaintiff,

vs.

LARRY HSU, ARTHUR A. KOCH, BRYAN 

M. REASONS, ROBERT L. BURR, LESLIE 

Z. BENET, ALLEN CHAO, NIGEL TEN 

FLEMING, MICHAEL MARKBREITER and 

PETER R. TERRERI,

Defendants,

– and –

IMPAX LABORATORIES, INC.,

Nominal Party.

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

)

Case No. 14-CV-04313-HSG

STIPULATION AND ORDER RESETTING 

HEARING DATE ON MOTIONS TO 

DISMISS AND ADJUSTING RELATED 

BRIEFING DEADLINES

DATE: TBD

TIME: TBD

JUDGE: Hon. Haywood S. Gilliam, Jr.

Case 4:14-cv-04313-HSG Document 42 Filed 02/24/15 Page 1 of 5
STIPULATION AND [PROPOSED] ORDER RESETTING HEARING DATE ON 

MOTIONS TO DISMISS AND ADJUSTING RELATED BRIEFING DEADLINES - 14-

CV-04313-HSG - 1 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

WHEREAS, on September 24, 2014, Plaintiff Nicholas Karant filed the above-captioned 

action alleging wrongful refusal of a shareholder litigation demand (the “Karant Action”);

WHEREAS, on October 22, 2014, the Honorable Susan Illston entered a Stipulation and 

Order Concerning Defendants’ Time To Respond To Complaint (the “First Scheduling Order”), 

which set a March 13, 2015 hearing date for any motions to dismiss or responses (including any 

requests for judicial notice or motions to strike) to the operative pleading in the Karant Action 

(collectively, the “Motions to Dismiss”), with briefing dates of December 15, 2014 for moving 

papers, and February 11, 2015 for opposition papers (the “Opposition”);

WHEREAS, on February 4, 2015, a Related Case Order (the “Related Case Order”) issued in 

the Karant Action, which related the Karant Action to two pending shareholder derivative actions 

alleging demand futility on file in this District: Wickey v. Hsu, et al., Case No. 3:14-cv-04266-JD 

and International Union of Operating Engineers Local 478 v. Hsu, et al., Case No. 3:14-cv-04980 –

JD);

WHEREAS, the Related Case Order vacated the March 13, 2015 hearing date on the Motions 

to Dismiss noticed pursuant to the First Scheduling Order;

WHEREAS, on February 5, 2015, the Karant Action was reassigned to the Honorable James 

Donato;

WHEREAS, on February 5, 2015, the parties agreed that a two week continuance of the 

briefing dates on the Motions to Dismiss would be appropriate to conserve resources of the parties 

and the Court, and to allow the parties to explore possible settlement of the Karant Action;

WHEREAS, on February 6, 2015, in view of the preliminary nature of the settlement 

negotiations, the Court entered an order (Dkt. Nos. 39 & 40), which continued the date for Plaintiff 

to file the Opposition to February 25, 2015, and continued the date for Defendants to submit a reply 

(the “Reply”) to March 16, 2015, and set a hearing date on the Motions to Dismiss of April 22, 2015

(the “Hearing Date”);

Case 4:14-cv-04313-HSG Document 42 Filed 02/24/15 Page 2 of 5
STIPULATION AND [PROPOSED] ORDER RESETTING HEARING DATE ON 

MOTIONS TO DISMISS AND ADJUSTING RELATED BRIEFING DEADLINES - 14-

CV-04313-HSG - 2 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

WHEREAS, on February 13, 2015, an Order Reassigning Case was entered, reassigning the 

Karant Action to this Court, and vacating the newly set April 22, 2015 Hearing Date on the Motions 

to Dismiss; 

WHEREAS, in the period from at least February 6, 2015 to the present, the parties have 

engaged in good faith in exploring their respective positions on settlement and related matters, which 

efforts have included telephonic consultation with the Honorable Layn R. Phillips (Ret.) (“Judge 

Phillips”), a private mediator, and the parties believe that, at this juncture, the briefing and hearing 

schedule on the Motions to Dismiss should be continued for a brief additional period to permit the 

parties sufficient additional time to determine if settlement is possible of the Karant Action, which 

time may include further consultation with Judge Phillips;

ACCORDINGLY, the parties, through their undersigned counsel, hereby STIPULATE AS 

FOLLOWS:

1. The date for Plaintiff to file an Opposition is continued from February 25, 2015 to 

March 4, 2015;

2. The date for Defendants to submit a Reply in support of, the previously noticed 

Motions to Dismiss is continued from March 16, 2015 to March 24, 2015; and

3. The Hearing Date is hereby noticed for April 16, 2015, at 2:00 p.m., or such further 

date and time as the Court orders.

IT IS SO STIPULATED.

DATED: February 23, 2015 THE WEISER LAW FIRM, P.C.

KATHLEEN A. HERKENHOFF (168562)

s/ KATHLEEN A. HERKENHOFF

KATHLEEN A. HERKENHOFF 

12707 High Bluff Drive, Suite 200

San Diego, CA 92130

Telephone: (858) 794-1441

Facsimile: (858) 794-1450

Case 4:14-cv-04313-HSG Document 42 Filed 02/24/15 Page 3 of 5
STIPULATION AND [PROPOSED] ORDER RESETTING HEARING DATE ON 

MOTIONS TO DISMISS AND ADJUSTING RELATED BRIEFING DEADLINES - 14-

CV-04313-HSG - 3 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

THE WEISER LAW FIRM, P.C.

ROBERT B. WEISER

BRETT D. STECKER

JEFFREY J. CIARLANTO

22 Cassatt Avenue, First Floor

Berwyn, PA 19312

Telephone: (610) 225-2677

Facsimile: (610) 408-8062

rw@weiserlawfirm.com

bds@weiserlawfirm.com

jjc@weiserlawfirm.com

RYAN & MANISKAS, LLP

KATHARINE RYAN

995 Old Eagle School Rd., Ste. 311

Wayne, PA 19087

Telephone: (484) 588-5516

Facsimile: (484) 450-2582

kryan@rmclasslaw.com

Counsel for Plaintiff

DATED: February 23, 2015 LATHAM & WATKINS LLP

PETER A. WALD

MARCY C. PRIEDEMAN

/S/ Peter A. Wald

PETER A. WALD

505 Montgomery Street

San Francisco, CA 

Telephone: 415/391-0600

peter.wald@lw.com 

marcy.priedeman@lw.com

LATHAM & WATKINS LLP

PATRICK E. GIBBS

140 Scott Drive

Menlo Park, California 94025-1008

Telephone: 650/328-4600

Facsimile: 650/463-2600

patrick.gibbs@lw.com

Attorneys for Defendants Larry Hsu, Arthur A. 

Koch, Bryan M. Reasons, Robert L. Burr, Leslie 

Z. Benet, Allen Chao, Nigel Ten Fleming, 

Michael Markbreiter, Peter R. Tereri and Nominal 

Defendant Impax Laboratories, Inc.

Case 4:14-cv-04313-HSG Document 42 Filed 02/24/15 Page 4 of 5
STIPULATION AND [PROPOSED] ORDER RESETTING HEARING DATE ON 

MOTIONS TO DISMISS AND ADJUSTING RELATED BRIEFING DEADLINES - 14-

CV-04313-HSG - 4 -

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

* * *

ORDER

Pursuant to Stipulation, IT IS SO ORDERED.

DATED: February 24, 2015 

_______________________

HON. HAYWOOD S. GILLIAM, JR.

Case 4:14-cv-04313-HSG Document 42 Filed 02/24/15 Page 5 of 5