Smith v. TeleNav, Inc. et al

Filing 26

STIPULATION AND ORDER regarding settlement. Case Management Conference set 9/9/11 is not vacated. Signed by Judge Samuel Conti on 6/2/11. (tdm, COURT STAFF) (Filed on 6/2/2011)

1 ROBBINS GELLER RUDMAN
& DOWD LLP
2 SHAWN A. WILLIAMS (213113)
DANIEL J. PFEFFERBAUM (248631)
3 Post Montgomery Center
One Montgomery Street, Suite 1800
4 San Francisco, CA 94104
Telephone: [phone]
5 415/288-4534 (fax)
[e-mail]
6 [e-mail]
– and –
7 JOHN J. RICE (140865)
655 West Broadway, Suite 1900
8 San Diego, CA 92101
Telephone: [phone]
9 619/231-7423 (fax)
[e-mail]
10
Lead Counsel for Plaintiff
11
[Additional counsel appear on signature page.]
12
UNITED STATES DISTRICT COURT
13
NORTHERN DISTRICT OF CALIFORNIA
14
DAVID SMITH, Individually and on Behalf of ) No. 10-cv-03942-SC
)
15 All Others Similarly Situated,
) CLASS ACTION
)
16
Plaintiff,
) STIPULATION AND [PROPOSED] ORDER
) REGARDING SETTLEMENT AND
17
vs.
) STAYING FURTHER PROCEEDINGS
)
18 TELENAV, INC., et al.,
)
)
19
Defendants.
)
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627716_1

1

WHEREAS, on September 2, 2010, plaintiff David Smith (“Plaintiff”) filed a complaint

2 against defendants TeleNav, Inc., H.P. Jin, Douglas S. Miller, Shawn Carolan, Samuel Chen, Hon
3 Jane Chiu, Soo Boon Koh, Joseph M. Zaelit, J.P. Morgan Securities Inc., and Deutsche Bank
4 Securities Inc. (collectively “Defendants”) (Dkt. No. 1);
5

WHEREAS, on November 1, 2010, Plaintiff moved for appointment as lead plaintiff and the

6 appointment of Robbins Geller Rudman & Dowd, LLP as lead counsel (Dkt. No. 11);
7

WHEREAS, on February 3, 2011, the Court granted Plaintiff’s motion for appointment as

8 lead plaintiff and selection of lead counsel (Dkt. No. 16);
9

WHEREAS, on February 15, 2011, by stipulation, the Court set a briefing schedule for

10 Plaintiff’s amended complaint and Defendants’ motion to dismiss, and set a hearing date of August
11 12, 2011 for Defendants’ motion to dismiss and a case management conference for September 9,
12 2011 (Dkt. No. 19);
13

WHEREAS, on March 21, 2011, Plaintiff filed his Amended Complaint for Violation of the

14 Federal Securities Laws (“Amended Complaint”) (Dkt. No. 20);
15

WHEREAS, on May 4 and 5, 2011, Defendants filed their Notice of Motion and Motion to

16 Dismiss Plaintiff’s Amended Complaint (“Motion to Dismiss”) (Dkt. Nos. 21-24);
17

WHEREAS, on May 18, 2011, the parties attended a mediation session with the Hon. Layn

18 R. Phillips (Ret.);
19

WHEREAS, through continued dialogue facilitated by Judge Phillips, on May 31, 2011, the

20 parties reached an agreement in principle to resolve this action;
21

WHEREAS, counsel for Plaintiff and counsel for Defendants are currently working together

22 on a Stipulation of Settlement to be submitted to the Court with a motion for preliminary approval of
23 settlement no later than July 15, 2011;
24

WHEREAS, in light of the agreement reached, the parties request that the Court vacate the

25 August 12, 2011 hearing date and the September 9, 2011 case management conference and stay all
26 further proceedings.
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THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and between the

28 undersigned, subject to Court approval, as follows:
627716_1

STIPULATION AND [PROPOSED] ORDER REGARDING SETTLEMENT AND STAYING
FURTHER PROCEEDINGS - 10-cv-03942-SC

-1-

1

1.

The hearing on Defendants’ Motion to Dismiss, scheduled for August 12, 2011, shall

2 be vacated.
3

2.

The case management conference scheduled for September 9, 2011 shall be vacated.

4

3.

Counsel for Plaintiff and counsel for Defendants shall submit a Stipulation of

5 Settlement and a motion for preliminary approval of settlement to the Court no later than July 15,
6 2011.
7

IT IS SO STIPULATED THROUGH COUNSEL OF RECORD.

8 DATED: June 1, 2011
9

ROBBINS GELLER RUDMAN
&DOWD LLP
SHAWN A. WILLIAMS
DANIEL J. PFEFFERBAUM

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s/ Daniel J. Pfefferbaum
DANIEL J. PFEFFERBAUM
Post Montgomery Center
One Montgomery Street, Suite 1800
San Francisco, CA 94104
Telephone: [phone]
415/288-4534 (fax)

19

ROBBINS GELLER RUDMAN
& DOWD LLP
JOHN J. RICE
655 West Broadway, Suite 1900
San Diego, CA 92101-3301
Telephone: [phone]
619/231-7423 (fax)

20

Lead Counsel for Plaintiff

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JOHNSON & WEAVER, LLP
FRANK J. JOHNSON
BRETT M. WEAVER
501 West Broadway, Suite 1720
San Diego, CA 92101
Telephone: [phone]
619/238-0622 (fax)

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Additional Counsel for Plaintiff

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627716_1

STIPULATION AND [PROPOSED] ORDER REGARDING SETTLEMENT AND STAYING
FURTHER PROCEEDINGS - 10-cv-03942-SC

-2-

1 DATED: June 1, 2011
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3
4

WILSON SONSINI GOODRICH
& ROSATI, P.C.
Professional Corporation
BORIS FELDMAN
DOUGLAS J. CLARK
CAZ HASHEMI
BENJAMIN M. CROSSON
MOLLY A. ARICO

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s/ Boris Feldman
BORIS FELDMAN

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650 Page Mill Road
Palo Alto, California 94304-1050
Telephone: [phone]
650/493-6811 (fax)

8
9
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Counsel for Defendants Telenav, Inc., H.P. Jin,
Douglas S. Miller, Shawn Carolan, Samuel Chen,
Hon Jane Chiu, Soo Boo Koh and Joseph M.
Zaelit

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12
13 DATED: June 1, 2011

LATHAM & WATKINS LLP
PATRICK E. GIBBS

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s/ Patrick E. Gibbs
PATRICK E. GIBBS

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140 Scott Drive
Menlo Park CA 94025
Telephone: [phone]
650/463-2600 (fax)

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Counsel for Defendants J.P. Morgan Securities
Inc. and Deutsche Bank Securities Inc.

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I, Daniel J. Pfefferbaum, am the ECF User whose ID and password are being used to file this

23 Stipulation and [Proposed] Order Regarding Settlement and Staying Further Proceedings. In
24 compliance with General Order No. 45, X.B., I hereby attest that Boris Feldman and Patrick E.
25 Gibbs have concurred in this filing.
26

s/ Daniel J. Pfefferbaum
DANIEL J. PFEFFERBAUM

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627716_1

STIPULATION AND [PROPOSED] ORDER REGARDING SETTLEMENT AND STAYING
FURTHER PROCEEDINGS - 10-cv-03942-SC

-3-

ORDER

1
2

1.

The hearing on Defendants’ Motion to Dismiss, scheduled for August 12, 2011, is

3 vacated.
4

2.

The case management conference scheduled for September 9, 2011 is vacated. SC

5

3.

Counsel for Plaintiff and counsel for Defendants shall submit a Stipulation of

6 Settlement and a motion for preliminary approval of settlement to the Court no later than July 15,
7 2011.
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9

R NIA

FO

LI

ER

H

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Judge S

RT

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onti

amuel C

NO

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____________________________________
ED
R
THE HONORABLE DER
IS SO O SAMUEL CONTI
T
UNITED ISTATES DISTRICT JUDGE

A

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RT
U
O

June 2, 2011

12 DATED: _________________________

S DISTRICT
TE
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TA

UNIT
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D IS T IC T O
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C

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627716_1

STIPULATION AND [PROPOSED] ORDER REGARDING SETTLEMENT AND STAYING
FURTHER PROCEEDINGS - 10-cv-03942-SC

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CERTIFICATE OF SERVICE
I hereby certify that on June 1, 2011, I authorized the electronic filing of the foregoing with

3 the Clerk of the Court using the CM/ECF system which will send notification of such filing to the
4 e-mail addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I
5 caused to be mailed the foregoing document or paper via the United States Postal Service to the non6 CM/ECF participants indicated on the attached Manual Notice List.
7

I certify under penalty of perjury under the laws of the United States of America that the

8 foregoing is true and correct. Executed on June 1, 2011.
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627716_1

s/ Daniel J. Pfefferbaum
DANIEL J. PFEFFERBAUM
ROBBINS GELLER RUDMAN
& DOWD LLP
Post Montgomery Center
One Montgomery Street, Suite 1800
San Francisco, CA 94104
Telephone: [phone]
415/288-4534 (fax)
E-mail: [e-mail]

CAND-ECF-

Page 1 of 1

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