In re Trident Microsystems, Inc. Derivative Litigation

Filing 113

STIPULATION AND ORDER REGARDING PLAINTIFF'S MOTION TO COMPEL DOCUMENTS FROM THE SPECIAL LITIGATION COMMITTEE AND VACATING THE MAY 1, 2009 HEARING ON THE SPECIAL LITIGATION COMMITTEE'S MOTION TO TERMINATE (approving 112 ). Signed by Judge Jeremy Fogel on 3/6/09. (jflc2, COURT STAFF) (Filed on 3/6/2009)

1 COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 2 SHAWN A. WILLIAMS (213113) AELISH M. BAIG (201279) 3 CHRISTOPHER M. WOOD (254908) 100 Pine Street, Suite 2600 4 San Francisco, CA 94111 Telephone: [phone] (fax) [e-mail] 6 [e-mail] [e-mail] 7 ­ and ­ TRAVIS E. DOWNS III (148274) 8 BENNY C. GOODMAN III (211302) 655 West Broadway, Suite 1900 9 San Diego, CA 92101 Telephone: [phone] (fax) [e-mail] 11 [e-mail] 12 Co-Lead Counsel for Plaintiffs 13 14 15

**E-Filed 3/6/09**

BARROWAY TOPAZ KESSLER MELTZER & CHECK, LLP ERIC L. ZAGAR 250519 ROBIN WINCHESTER 280 King of Prussia Road Radnor, PA 19087 Telephone: [phone] (fax) [e-mail] [e-mail]

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION ) ) ) ) ) ) ) ) Master File No. C06-3440-JF ----------------STIPULATION AND [PROPOSED] ORDER REGARDING PLAINTIFFS' MOTION TO COMPEL DOCUMENTS FROM THE SPECIAL LITIGATION COMMITTEE AND VACATING THE MAY 1, 2009 HEARING ON THE SPECIAL LITIGATION COMMITTEE'S MOTION TO TERMINATE

16 In re TRIDENT MICROSYSTEMS, INC., DERIVATIVE LITIGATION 17 18 This Document Relates To: 19 20 21 22 23 24 25 26 27 28 ALL ACTIONS.

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Plaintiffs and Trident Microsystems, Inc.'s Special Litigation Committee ("SLC") hereby

2 submit this stipulation and [proposed] order regarding briefing on the SLC's Motion to (A) 3 Terminate and Dismiss as to All Defendants Except Frank C. Lin and (B) Approve Settlements 4 ("Motion to Terminate"). 5 WHEREAS, on or around November 10, 2008, the SLC provided plaintiffs with a draft of its

6 Report of the Special Litigation Committee of the Board of Directors of Trident Microsystems, Inc.; 7 WHEREAS, on December 12, 2008, plaintiffs sent the SLC a request for 14 discrete

8 categories of documents for production related to its investigation of stock options backdating 9 allegations in the above captioned action; 10 11 WHEREAS, on February 9, 2009, the SLC filed its Motion to Terminate; WHEREAS, on February 9, 2009, Trident Microsystems, Inc. filed its Notice of Motion and

12 Motion to Stay Derivative Proceedings as to Defendant Frank Lin ("Motion to Stay"); 13 WHEREAS, both the Motion to Terminate and the Motion to Stay are currently scheduled to

14 be heard on May 1, 2009; 15 WHEREAS, on February 27, 2009, the SLC provided a letter responding to plaintiffs'

16 December 12, 2008 request for the production of documents associated with the SLC's investigation, 17 objecting to several categories of information and agreeing to produce certain categories of other 18 information; 19 WHEREAS, the SLC has also asserted various privileges over documents that it is currently

20 refusing to produce in response to plaintiffs' December 12, 2008 requests; 21 WHEREAS, plaintiffs and the SLC agree that that the discovery issues arising from

22 plaintiffs' December 12, 2008 requests and the SLC's February 27, 2009 responses will have to be 23 resolved through motion practice; 24 WHEREAS, plaintiffs and the SLC have met and conferred and agree that the depositions of

25 the SLC members cannot go forward until the scope of production and the privilege assertions are 26 resolved; 27 28
STIP & [PROPOSED] ORDER RE PLTFS' MOT TO COMPEL DOCS FROM THE SLC & VACATING THE 5/1/09 HEARING ON THE SLC'S MOTION TO TERMINATE - C06-3440-JF

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WHEREAS, plaintiffs and the SLC agree that plaintiffs will not be in a position to

2 appropriately respond to the Motion to Terminate until the above-mentioned discovery issues are 3 resolved; 4 WHEREAS, plaintiffs and the SLC have met and conferred and agreed on a briefing

5 schedule for plaintiffs' Motion to Compel information from the SLC and vacating the May 1, 2009 6 hearing until a resolution of the Motion to Compel has been reached; 7 8 NOW THEREFORE, the parties agree as follows subject to approval of the Court:

1. Plaintiffs shall file their Motion to Compel no later than March 11, 2009. before Magistrate Judge Patricia V. Trumbull. 9 2. The SLC shall file its response to the Motion to Compel no later than March 28, 10 2009. 11 3. Plaintiffs shall file their reply in support of the Motion to Compel no later than Plaintiffs shall contact Judge Trumbull's chambers to schedule a hearing. ---- Court ----- ----- ---- ----------- -- the Motion -- Compel on ------ --- ----- or -- The---------shall-hear -oral-argument-on---------------to --------------April -21,-2009----at-a

12 April 7, 2009. 13 4.

14 -------most---------------for------Court. time ----- convenient --- the ------15 5. The May 1, 2009 hearing on the Motion to Terminate and Motion to Stay shall be

16 vacated and the Court shall set a schedule for briefing of the Motion to Terminate and Motion to 17 Stay upon resolution of the Motion to Compel. 18 DATED: March 5, 2009 19 20 21 22 23 24 25 26 27 28
STIP & [PROPOSED] ORDER RE PLTFS' MOT TO COMPEL DOCS FROM THE SLC & VACATING THE 5/1/09 HEARING ON THE SLC'S MOTION TO TERMINATE - C06-3440-JF

COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP SHAWN A. WILLIAMS AELISH M. BAIG CHRISTOPHER M. WOOD

/s/ Shawn A. Williams SHAWN A. WILLIAMS 100 Pine Street, Suite 2600 San Francisco, CA 94111 Telephone: [phone] (fax)

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1 2 3 4 5 6 7 8 9 10 Co-Lead Counsel for Plaintiffs 11 12 DATED: March 5, 2009 13 14 15 16 17 18 19 20 21 /s/ John D. Pernick JOHN D. PERNICK Three Embarcadero Center Suite 1800 San Francisco, CA 94111 Telephone: [phone] (fax) Attorneys for Trident Special Litigation Committee BINGHAM McCUTCHEN JOHN D. PERNICK COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP TRAVIS E. DOWNS III BENNY C. GOODMAN III 655 West Broadway, Suite 1900 San Diego, CA 92101 Telephone: [phone] (fax) BARROWAY TOPAZ KESSLER MELTZER & CHECK, LLP ERIC L. ZAGAR ROBIN WINCHESTER 280 King of Prussia Road Radnor, PA 19087 Telephone: [phone] (fax)

I, Shawn A. Williams, am the ECF User whose ID and password are being used to file this Stipulation and [Proposed] Order Regarding Plaintiffs' Motion to Compel Documents from the 22 Special Litigation Committee and Vacating the May 1, 2009 Hearing on the Special Litigation Committee's Motion to Terminate. In compliance with General Order 45, X.B., I hereby attest that 23 John D. Pernick has concurred in this filing. 24 DATED: March 5, 2009 25 26 27 28
STIP & [PROPOSED] ORDER RE PLTFS' MOT TO COMPEL DOCS FROM THE SLC & VACATING THE 5/1/09 HEARING ON THE SLC'S MOTION TO TERMINATE - C06-3440-JF

/s/ Shawn A. Williams SHAWN A. WILLIAMS

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1 DATED: March 5, 2009 2 3 4 5 6 7 8 9 10 11 12 13

DLA PIPER US LLP SHIRLI FABBRI WEISS DAVID F. GROSS

/s/ David F. Gross DAVID F. GROSS 153 Townsend Street, Suite 800 San Francisco, CA 94107 Telephone: [phone] (fax) DLA PIPER US LLP DAVID PRIEBE 2000 University Avenue East Palo Alto, CA 94303 Telephone: [phone] (fax) Attorneys for Nominal Defendant Trident Microsystems Inc.

I, Shawn A. Williams, am the ECF User whose ID and password are being used to file this Stipulation and [Proposed] Order Regarding Plaintiffs' Motion to Compel Documents from the 14 Special Litigation Committee and Vacating the May 1, 2009 Hearing on the Special Litigation 15 Committee's Motion to Terminate. In compliance with General Order 45, X.B., I hereby attest that David F. Gross has concurred in this filing. 16 DATED: March 5, 2009 /s/ Shawn A. Williams SHAWN A. WILLIAMS 17 18 19 20 21 22 23 24 25 26 27 28
STIP & [PROPOSED] ORDER RE PLTFS' MOT TO COMPEL DOCS FROM THE SLC & VACATING THE 5/1/09 HEARING ON THE SLC'S MOTION TO TERMINATE - C06-3440-JF
S:\CasesSD\Trident Derivative\S_O00057905.doc

*

* ORDER

*

IT IS SO ORDERED. 3/6/09 DATED: _________________________ ____________________________________ THE HONORABLE JEREMY FOGEL UNITED STATES DISTRICT JUDGE

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CERTIFICATE OF SERVICE I hereby certify that on March 5, 2009, I electronically filed the foregoing with the Clerk of

3 the Court using the CM/ECF system which will send notification of such filing to the e-mail 4 addresses denoted on the attached Electronic Mail Notice List, and I hereby certify that I have 5 mailed the foregoing document or paper via the United States Postal Service to the non-CM/ECF 6 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 March 5, 2009. 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 /s/ Shawn A. Williams SHAWN A. WILLIAMS COUGHLIN STOIA GELLER RUDMAN & ROBBINS LLP 100 Pine Street, 26th Floor San Francisco, CA 94111 Telephone: [phone] (fax) E-mail:[e-mail]

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