Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_14-cv-04313/USCOURTS-cand-4_14-cv-04313-3/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:

ATTORNEYS AT LAW

SAN FRANCISCO

STIPULATION AND [PROPOSED] ORDER 

RESETTING HEARING DATE AND BRIEFING 

CASE NUMBER: 14-cv-04313-HSG 

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LATHAM & WATKINS LLP

Peter A. Wald (Bar No. 85705) 

Marcy C. Priedeman (Bar No. 258505) 

peter.wald@lw.com 

marcy.priedeman@lw.com 

505 Montgomery Street, Suite 2000 

San Francisco, California 94111 

Telephone: (415) 391-0600 

Facsimile: (415) 395-8095 

Patrick E. Gibbs (Bar No. 183174) 

patrick.gibbs@lw.com 

140 Scott Drive 

Menlo Park, California 94025 

Telephone: (650) 328-4600 

Facsimile: (650) 463-2600 

Attorneys for Defendants 

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 

and 

Nominal Defendant 

IMPAX LABORATORIES, INC. 

Additional Counsel on Signature Page 

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. 

IMPAX LABORATORIES, INC., 

 Nominal Defendant. 

CASE NO. 14-cv-04313-HSG

STIPULATION AND [PROPOSED] ORDER 

RESETTING HEARING DATE ON 

MOTIONS TO DISMISS AND STRIKE AND 

ADJUSTING RELATED BRIEFING 

DEADLINE 

 

Date: TBD 

Time: TBD 

Location: Courtroom 15 

Judge: Hon. Haywood S. Gilliam 

Case 4:14-cv-04313-HSG Document 48 Filed 03/20/15 Page 1 of 5
ATTORNEYS AT LAW

SAN FRANCISCO 1

STIPULATION AND [PROPOSED] ORDER 

RESETTING HEARING DATE AND BRIEFING 

CASE NUMBER: 14-cv-04313-HSG 

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

shareholder derivative action (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 other responses the 

operative pleading in the Karant Action, briefing dates of December 15, 2014 for moving papers, 

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

WHEREAS, on December 15, 2014, Defendants 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 (the “Individual Defendants”) filed their Motion to Strike Portions of 

Plaintiff’s Verified Shareholder Derivative Complaint and Motion to Dismiss Claims (Dkt. No. 

26), and Nominal Defendant Impax Laboratories, Inc. filed its Motion to Dismiss Plaintiff’s 

Verified Shareholder Derivative Complaint (Dkt. No. 22) (collectively, the “Motions to 

Dismiss”); 

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 actions, 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) (the “Related Cases”); 

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 and the Related Cases were 

reassigned to the Honorable James Donato; 

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

remaining briefing dates related to 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, the Court entered an order (Dkt. Nos. 39 & 40), 

which continued the date for Plaintiff to file the Opposition to the Motions to Dismiss to February 25, 

Case 4:14-cv-04313-HSG Document 48 Filed 03/20/15 Page 2 of 5
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STIPULATION AND [PROPOSED] ORDER 

RESETTING HEARING DATE AND BRIEFING 

CASE NUMBER: 14-cv-04313-HSG 

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2015, continued the date for Defendants to submit its replies (the “Reply”) to March 16, 2015, and 

set a hearing date on the of April 22, 2015; 

WHEREAS, on February 13, 2015, the Karant Action and the Related Cases were 

reassigned to this Court; 

WHEREAS, on February 23, 2015, the parties agreed that an additional continuance of 

the remaining briefing dates related to the Motions to Dismiss would be appropriate to conserve 

resources of the parties and the Court, and to allow the parties to continue to explore possible 

settlement of the Karant Action; 

WHEREAS, on February 24, 2015, the Court entered an order (Dkt. No. 42), which 

continued the date for Plaintiff to file the Opposition to the Motions to Dismiss to March 4, 2015, and 

continued the date for Defendants to submit the Reply to March 24, 2015, and set a hearing date of 

April 16, 2015; 

WHEREAS, on March 4, 2015, Plaintiff filed the Opposition (Dkt. Nos. 44 and 46); and 

WHEREAS, the parties continue to engage in discussions related to a possible settlement; 

Accordingly, it is hereby stipulated between the Parties, as follows: 

1. The date for Defendants to submit the Reply in support of the previously noticed 

Motions to Dismiss is continued from March 24, 2015 to April 14, 2015; and 

2. The Hearing Date on the Motions to Dismiss is hereby noticed for May 28, 2015, 

at 2:00 p.m., or such further date and time as the Court orders. 

IT IS SO STIPULATED. 

DATED: March 19, 2015 

 

THE WEISER LAW FIRM, P.C. LATHAM & WATKINS LLP 

By: /s/ Kathleen A. Herkenoff 

 Kathleen A. Herkenhoff 

Kathleen A. Herkenhoff 

12707 High Bluff Drive, Suite 200 

San Diego, CA 92130 

Telephone: (858) 794-1441 

Facsimile: (858) 794-1450 

THE WEISER LAW FIRM, P.C. 

By: /s/ Peter A. Wald 

 Peter A. Wald 

Peter A. Wald 

Marcy C. Priedeman 

505 Montgomery St., Suite 2000 

San Francisco, California 94111 

Telephone: (415) 391-0600 

Facsimile: (415) 395-8095 

Case 4:14-cv-04313-HSG Document 48 Filed 03/20/15 Page 3 of 5
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SAN FRANCISCO 3

STIPULATION AND [PROPOSED] ORDER 

RESETTING HEARING DATE AND BRIEFING 

CASE NUMBER: 14-cv-04313-HSG 

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Attorneys for Plaintiff peter.wald@lw.com 

marcy.priedeman@lw.com 

and 

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. 

ORDER 

 PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: 

 Hon. Haywood S. Gilliam, Jr. 

 United States District Judge 

3/20/2015

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STIPULATION AND [PROPOSED] ORDER 

RESETTING HEARING DATE AND BRIEFING 

CASE NUMBER: 14-cv-04313-HSG 

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SIGNATURE ATTESTATION 

 I am the ECF User whose identification and password are being used to file the 

foregoing Stipulation and [Proposed] Order Resetting Hearing Date on Motions to Dismiss and 

Strike and Adjusting Related Briefing Deadline. Pursuant to Civil Local Rule 5-1(i)(3) regarding 

signatures, I, Peter A. Wald, attest that concurrence in the filing of this document have been 

obtained. 

DATED: March 19, 2015 /s/ Peter A. Wald 

 Peter A. Wald 

Case 4:14-cv-04313-HSG Document 48 Filed 03/20/15 Page 5 of 5