STIPULATON AND [PROPOSED] ORDER TO TEMPORARILY 

STAY ACTION PENDING PRIVATE MEDIATION 

Case No.: 3:08-cv-02046-SI 

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BARRACK, RODOS & BACINE 

STEPHEN R. BASSER (121590) 

sbasser@barrack.com 

SAMUEL M. WARD (216562) 

sward@barrack.com 

600 West Broadway, Suite 900 

San Diego, CA 92101 

Telephone: (619) 230-0800 

Facsimile: (619) 230-1874 

ROBBINS UMEDA LLP 

MARC M. UMEDA (197847) 

mumeda@robbinsumeda.com 

CRAIG W. SMITH (164886) 

csmith@robbinsumeda.com 

KELLY M. MCINTYRE (212360) 

kmcintyre@robbinsumeda.com 

ALEJANDRO E. MORENO (256802) 

amoreno@robbinsumeda.com 

600 B Street, Suite 1900 

San Diego, CA 92101 

Telephone: (619) 525-3990 

Facsimile: (619) 525-3991 

Attorneys for Plaintiff, the Port Authority Of Allegheny

County Retirement and Disability Allowance Plan for 

Employees represented by Local 85 of the Amalgamated Transit Union 

[Additional Plaintiff's Counsel Appear on Signature Page.] 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

THE PORT AUTHORITY OF ALLEGHENY 

COUNTY RETIREMENT AND DISABILITY 

ALLOWANCE PLAN FOR EMPLOYEES 

REPRESENTED BY LOCAL 85 OF THE 

AMALGAMATED TRANSIT UNION 

 Plaintiff, 

vs.

L. STEPHEN SMITH, DAVID H. KATKOV, 

DONALD P. LOFE, JR., JOHN D. ROACH, 

RONALD H. ZECH, WAYNE E. HEDIEN, MARY 

LEE WIDENER, CARMINE GUERRO, JOSE H. 

VILLARREAL, RAYMOND L. OCAMPO JR., 

LOUIS G. LOWER II, W. ROGER HAUGHTON, 

VICTOR J. BACIGALUPI, BRADLEY M. 

SHUSTER, KENNETH T. ROSEN, JAMES C. 

CASTLE, MARIANN BYERWALTER, and 

STEVEN L. SCHEID, 

[Caption continued on following page.] 

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Case No.: 3:08-cv-02046-SI 

STIPULATION AND [PROPOSED] 

ORDER TO TEMPORARILY STAY 

ACTION PENDING PRIVATE 

MEDIATION

Judge: The Honorable Susan Illston 

Case 3:08-cv-02046-SI Document 41 Filed 05/12/10 Page 1 of 5
STIPULATON AND [PROPOSED] ORDER TO TEMPORARILY 

STAY ACTION PENDING PRIVATE MEDIATION - 2 - 

Case No.: 3:08-cv-02046-SI 

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 Defendants, 

-and - 

PMI GROUP, INC.,

Nominal Defendant 

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STIPULATION 

WHEREAS, on June 26, 2008, this Court entered a Stipulated Case Management Order; 

WHEREAS, pursuant to the Case Management Order, the above-captioned action (the 

“Derivative Action”) was stayed pending resolution of a motion to dismiss the related 

shareholder class action, captioned In re The PMI Group, Inc. Securities Litigation, Master File 

No. 3:08-cv-01405-SI (the "Securities Class Action"); 

WHEREAS, on November 2, 2009, this Court entered an Order Denying Defendants' 

Motion to Dismiss First Amended Complaint in the Securities Class Action; 

WHEREAS, on February 11, 2010, the parties to the Securities Class Action filed a Joint 

Case Management Statement and Proposed Order, notifying this Court that the parties planned to 

schedule a private mediation in April 2010 and were discussing the scope of documents to be 

produced before the mediation; 

WHEREAS, pursuant to this Court's Order entered on December 18, 2009, Plaintiff filed 

its Amended Shareholder Derivative Complaint ("Amended Complaint") on March 1, 2010; 

WHEREAS, on March 5, 2010, pursuant to this Court's Minute Order dated February 19, 

2010, the parties to the Securities Class Action informed the Court that the private mediation 

would take place before (Ret.) Judge Layn R. Phillips in June 2010; 

WHEREAS, the parties to the Derivative Action have agreed to participate in the private 

mediation with the parties in the Securities Class Action before (Ret.) Judge Phillips on June 10, 

2010;

WHEREAS, on April 15, 2010, this Court entered an Order extending Defendants' time 

to respond to the Amended Complaint to May 7, 2010; and 

Case 3:08-cv-02046-SI Document 41 Filed 05/12/10 Page 2 of 5
STIPULATON AND [PROPOSED] ORDER TO TEMPORARILY 

STAY ACTION PENDING PRIVATE MEDIATION - 3 - 

Case No.: 3:08-cv-02046-SI 

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WHEREAS, the parties agree that, in the interest of an effective mediation, it would be 

appropriate to vacate the current briefing schedule for Defendants’ response to the Amended 

Complaint and the related hearing on July 9, 2010. 

NOW THEREFORE, it is hereby stipulated, by and among the Parties, through their 

undersigned counsel, as follows: 

1. All proceedings in this Action including, but not limited to, all motion practice, 

including briefing dates, and all discovery are temporarily stayed until the conclusion of the 

private mediation before (Ret.) Judge Phillips. 

2. The Parties reserve the right, at any time upon a properly noticed motion, to move 

the Court to lift the temporary stay or to extend the duration or scope of such stay. Nothing in 

this stipulation shall be construed as an agreement to shift the burden of persuasion in any such 

motion as to the legal basis or grounds for a stay of this Action.

3. After the stay of this Action is lifted, Defendants shall have 30 days to respond to 

Plaintiff's Amended Complaint. Plaintiff's Opposition to any response shall be due within 45 

days of the filing of the response. Defendants’ Reply shall be due within 21 days of the filing of 

the Opposition. 

4. This stipulation to temporarily stay all proceedings in this Action pending private 

mediation shall not constitute a waiver or forfeit of any claims, defenses, objections, or rights of 

any Party with respect to any matter or thing. 

5. The agreement to temporarily stay this Action may not be used by any Party for 

any purpose other than for enforcement of the stay itself, and all Parties reserve all of their 

claims and defenses, which shall not be affected by the temporary stay. 

IT IS SO STIPULATED.

Case 3:08-cv-02046-SI Document 41 Filed 05/12/10 Page 3 of 5
STIPULATON AND [PROPOSED] ORDER TO TEMPORARILY 

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Case No.: 3:08-cv-02046-SI 

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DATED: May 7, 2010 BARRACK, RODOS & BACINE 

STEPHEN R. BASSER

SAMUEL M. WARD 

/s/

 SAMUEL M. WARD 

 600 West Broadway, Suite 900 

San Diego, CA 92101 

Telephone: (619) 230-0800 

Facsimile: (619) 230-1874 

BARRACK, RODOS & BACINE 

LEONARD BARRACK 

DANIEL BACINE 

3300 Two Commerce Square 

2001 Market Street 

Philadelphia, PA 19103 

Telephone: (215) 963-0600 

Facsimile: (215) 963-0838 

ROBBINS UMEDA LLP 

MARC M. UMEDA 

CRAIG W. SMITH 

KELLY M. MCINTYRE 

ALEJANDRO E. MORENO 

600 B Street, Suite 1900 

San Diego, CA 92101 

Telephone: (619) 525-3990 

Facsimile: (619) 525-3991 

HOLZER, HOLZER & FISTEL, LLC 

COREY D. HOLZER 

MICHAEL I. FISTEL, JR. 

MARSHALL P. DEES 

200 Ashford Center North, Suite 300 

Atlanta, GA 30338 

Telephone: (770) 392-0090 

Facsimile: (770) 392-0029 

Attorneys for Plaintiff, the Port Authority 

Of Allegheny County Retirement and 

Disability Allowance Plan for Employees 

represented by Local 85 of the 

Amalgamated Transit Union 

Case 3:08-cv-02046-SI Document 41 Filed 05/12/10 Page 4 of 5
STIPULATON AND [PROPOSED] ORDER TO TEMPORARILY 

STAY ACTION PENDING PRIVATE MEDIATION - 5 - 

Case No.: 3:08-cv-02046-SI 

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DATED: May 7, 2010 O’MELVENY & MYERS LLP 

MEREDITH N. LANDY 

PETER T. SNOW

/s/

 MEREDITH N. LANDY 

2765 Sand Hill Road 

Menlo Park, California 94025 

Telephone: (650) 473-2600 

Facsimile: (650) 473-2601 

O’MELVENY & MYERS LLP 

GEORGE A. RILEY 

Two Embarcadero Center, 28th Floor 

San Francisco, CA 94111 

Telephone: (415) 984-8700 

Facsimile: (415) 984-8701 

Attorneys for Defendants 

I, Meredith N. Landy, am the ECF User whose ID and password are being used to file 

this Stipulation and [Proposed] Regarding Scheduling Matters. In compliance with General 

Order 45, X.B., I hereby attest that Samuel M. Ward has concurred in this filing. 

By: /s/ 

 Meredith N. Landy 

O R D E R

 PURSUANT TO STIPULATION, IT IS SO ORDERED. 

DATED: May ___, 2010 

 THE HONORABLE SUSAN ILLSTON 

UNITED STATES DISTRICT JUDGE 

Case 3:08-cv-02046-SI Document 41 Filed 05/12/10 Page 5 of 5