Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_09-cv-05146/USCOURTS-cand-3_09-cv-05146-10/pdf.json

Parties Involved:
Acceleration Capital Partners
Defendant
American Pegasus Long Short Fund Segregated Portfolio
Defendant
Rosalie Cho
Defendant
Cheung-Ting Ka
Defendant
Yin Lee Ka
Defendant
Ka Ling Lee
Defendant
Yuen-Lai Ma
Defendant
Minor Child I
Defendant
Minor Child II
Defendant
Securities and Exchange Commission
Plaintiff
Joseph Seto
Defendant
Leung-Kee Siu
Defendant
Ming Siu
Defendant
Doi Ping Siu
Defendant
Chen Tang
Defendant
King Chuen Tang
Defendant
Ping Lee Tang
Defendant
King S. Tang
Defendant
Tang Capital Partners
Defendant
Sylvia Tsui
Defendant
Venture Associates Fund I
Defendant
Ronald Yee
Defendant
Eddie Yu
Defendant
Zisen Yu
Defendant
Ying Kit Yu
Defendant

Document Text:

FENWICK 

&

WEST LLP ATTORNEYS AT LAW

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STIPULATION AND [PROPOSED] ORDER RE 

TRANSFER OF FUNDS FROM ACP 

CASE NO. CV 09 5146 JCS 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN FRANCISCO DIVISION 

SECURITIES AND EXCHANGE COMMISSION, 

Plaintiff, 

v. 

KING CHUEN TANG a/k/a CHEN TANG, 

RONALD YEE, ZISEN YU, JOSEPH SETO, MING 

SIU, KING S. TANG a/k/a JAMES K. TANG, and 

YING KIT YU a/k/a EDDIE YU, 

Defendants, 

and 

VENTURE ASSOCIATES FUND I, TANG 

CAPITAL PARTNERS, ACCELERATION 

CAPITAL PARTNERS, AMERICAN PEGASUS 

LONG SHORT FUND SEGREGATED 

PORTFOLIO, PING LEE TANG, KA LING LEE, 

YIN LEE KA, CHEUNG-TING KA, SYLVIA TSUI, 

DOI PING SIU, YUEN-LAI MA, LEUNG-KEE SIU, 

ROSALIE CHO, and MINOR CHILD I and MINOR 

CHILD II, minor children of Defendant King Chuen 

Tank a/k/a Chen Tang, 

 Relief Defendants. 

Case No.: CV 09 5146 JCS 

STIPULATION AND 

[PROPOSED] ORDER 

REGARDING THE TRANSFER 

OF FUNDS FROM RELIEF 

DEFENDANT ACCELERATION 

CAPITAL PARTNERS FOR 

PURPOSE OF COMPLYING 

WITH COURT ORDERED 

ACCOUNTING 

CHRISTOPHER J. STESKAL (CSB NO. 212297)

csteskal@fenwick.com

FENWICK & WEST LLP 

555 California Street, 12th Floor 

San Francisco, CA 94104 

Telephone: (415) 875-2300 

Facsimile: (415) 281-1350 

JAY L. POMERANTZ (CSB NO. 209869) 

jpomerantz@fenwick.com

Silicon Valley Center 

801 California Street 

Mountain View, California 94041 

Phone: 650.988.8500 

Fax: 650.938.5200 

Attorneys for Relief Defendant ACCELERATION 

CAPITAL PARTNERS 

Case 3:09-cv-05146-JCS Document 127 Filed 05/20/10 Page 1 of 3
FENWICK 

&

WEST LLP ATTORNEYS AT LAW

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STIPULATION AND [PROPOSED] ORDER RE 

TRANSFER OF FUNDS FROM ACP 

- 2 - CASE NO. CV 09 5146 JCS 

WHEREAS, on April 26, 2010, the Court ordered the relief defendants in the abovecaptioned action (the “Action”) to produce an accounting of the receipt, use, and disposition of all 

alleged insider trading profits by July 22, 2010 (the “Court Order”); 

WHEREAS, Fenwick and West LLP (“Fenwick”) is counsel for relief defendant 

Acceleration Capital Partners (“ACP”) in the Action; 

WHEREAS, Fenwick has met and conferred with counsel for the Securities and Exchange 

Commission (the “SEC”) regarding ACP’s payment for services rendered on behalf of ACP; and 

WHEREAS, the SEC has agreed that it will not take the position that the use of ACP 

funds to pay for work performed on behalf of ACP in this Action is illegal or improper; 

IT IS ACCORDINGLY STIPULATED, by and between undersigned counsel for the 

parties, that: (1) ACP may transfer funds directly from the ACP account to pay for legal services 

provided to ACP in connection with this Action; and (2) the SEC will not take position that such 

transfers are illegal or improper. 

ATTESTATION

Concurrence in the filing of this document has been obtained from the other signatory. 

Dated: May 19, 2010 SECURITIES AND EXCHANGE COMMISSION 

By: /s/ Jennifer D. Brandt 

 Jennifer D. Brandt 

Attorneys for Plaintiff SECURITIES AND 

EXCHANGE COMMISSION 

Dated: May 19, 2010 FENWICK & WEST LLP 

By: /s/ Jay L. Pomerantz 

 Jay L. Pomerantz 

Attorneys for Relief Defendant ACCELERATION 

CAPITAL PARTNERS 

Case 3:09-cv-05146-JCS Document 127 Filed 05/20/10 Page 2 of 3
FENWICK 

&

WEST LLP ATTORNEYS AT LAW

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STIPULATION AND [PROPOSED] ORDER RE 

TRANSFER OF FUNDS FROM ACP 

- 3 - CASE NO. CV 09 5146 JCS 

IT IS SO ORDERED. 

Dated: 

 HONORABLE JOSEPH C. SPERO 

 United States District Court Magistrate Judge 

2240263

May 20, 2010

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

Judge Joseph C. Spero

Case 3:09-cv-05146-JCS Document 127 Filed 05/20/10 Page 3 of 3