In Re Blue Coat Systems, Inc. Derivative Litigation

Filing 60

STIPULATION AND ORDER EXTENDING DATE FOR CASE MANAGEMENT CONFERENCE (approving document no. 59 ). Case Management Conference set for 4/3/2009 10:30 AM. Signed by Judge Jeremy Fogel on 1/5/09. (jflc2, COURT STAFF) (Filed on 1/5/2009)

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STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CMC MASTER FILE NO. C-06-4809-JF

JEROME F. BIRN, JR., SBN 128561, [e-mail] CAZ HASHEMI, SBN 210239, [e-mail] REBECCA A. MITCHELLS, SBN 151683, [e-mail] KATHERINE L. HENDERSON, SBN 242676, [e-mail] PAMELA E. GLAZNER, SBN 247007, [e-mail] WILSON SONSINI GOODRICH & ROSATI Professional Corporation 650 Page Mill Road Palo Alto, CA 94304-1050 Telephone: [phone] Facsimile: [phone] Attorneys for Defendants Marc Andreessen, Tom Ayers, James A. Barth, David L. Cox, Jr., David A. DeSimone, Keith Geeslin, David W. Hanna, Timothy A. Howes, Philip J. Koen, Cameron S. Laughlin, Michael A. Malcolm, Stephen P. Mullaney, Brian M. NeSmith, Stuart Phillips, Andrew S. Rachleff, Alan L. Robin, Kevin S. Royal, John M. Scharber, Rangaswamy Vasudevan and William S. Warner, and Nominal Defendant Blue Coat Systems, Inc. UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA SAN JOSE DIVISION

In re BLUE COAT SYSTEMS, INC. DERIVATIVE LITIGATION

This Document Relates To: ALL ACTIONS.

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MASTER FILE NO.: C-06-4809-JF (RS) [Consolidated with C-06-5453] -----------------STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CASE MANAGEMENT CONFERENCE Current CMC Date: January 9, 2008 at 10:30 a.m. Proposed CMC Date: April 3, 2008 Before: Hon. Jeremy Fogel

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WHEREAS, Plaintiffs in this Consolidated Action filed a Verified Amended Consolidated Shareholder Derivative Complaint ("Consolidated Complaint") on November 30, 2007; WHEREAS, on February 1, 2008, Nominal Defendant Blue Coat Systems, Inc. ("Blue Coat") and defendant Ernst & Young LLP ("EY") filed motions to dismiss this case on the ground that a demand upon Blue Coat's board of directors (the "Board") to assert claims against the individual defendants and defendant EY would not have been futile (the "Demand Futility Motions"); WHEREAS, on February 1, 2008, the individual defendants and EY filed motions to dismiss the Consolidated Complaint on the grounds that it failed to state a claim for relief against them; WHEREAS, on February 1, 2008, defendants Blue Coat and EY filed motions to stay the case and/or to compel mediation and, if necessary, arbitration; WHEREAS, Plaintiffs decided not to oppose these motions but to instead make a demand on Blue Coat's Board; WHEREAS, the Parties agreed to, and the Court ordered, a stay of the action to permit Plaintiffs to make their demand upon Blue Coat's Board and to allow the Board to consider such demand; WHEREAS, in response to plaintiffs' demand, the Board formed a special committee, composed of directors James Tolonen and Keith Geeslin, which according to the Form 10-Q filed by Blue Coat on December 9, 2008, was granted plenary authority to decide whether it is in the best interests of the Company and its shareholders to pursue or otherwise resolve the claims raised in the demand letter and in the federal and state derivative actions and any other claims of the Company that the special committee deems necessary or appropriate to consider concerning its historical stock option practices; WHEREAS, the special committee represents that it has been actively engaged in an investigation of plaintiffs' demand and reports that it is, and has been, working diligently on the investigation;
STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CMC MASTER FILE NO. C-06-4809-JF

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WHEREAS, the special committee needs additional time to review the facts giving rise to the actions, evaluate the claims at issue, and decide how to proceed with respect to those claims and plaintiffs' demand; NOW, THEREFORE, the Parties, by and through their undersigned counsel of record, hereby agree and stipulate to the following: 1. The Case Management Conference scheduled for January 9, 2008, together with

all associated pre-conference filings (e.g., the Case Management Statement and Rule 26(f) disclosures) shall be continued to April 3, 2008 at 10:30 a.m., at which time the Parties will report to the Court about the status of the special committee's investigation; 2. Stipulation. The Parties respectfully request that the Court enter an Order approving this

Dated: December 18, 2008

WILSON SONSINI GOODRICH & ROSATI, P.C. 650 Page Mill Road Palo Alto, CA 94304-1050 Telephone: [phone] Facsimile: [phone] By: /s/ Jerome F. Birn, Jr. Jerome F. Birn, Jr.

Counsel for the Blue Coat Defendants and Nominal Defendant Blue Coat Systems, Inc. Dated: December 18, 2008 SHEARMAN & STERLING LLP Jeffrey S. Facter Patrick D. Robbins Emily V. Griffen 525 Market Street, Suite 1500 San Francisco, CA 94105 Telephone: [phone] Facsimile: [phone] By: /s/ Patrick D. Robbins Patrick D. Robbins

Counsel for the Special Committee of the Board of Directors of Nominal Defendant Blue Coat Systems, Inc.

STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CMC MASTER FILE NO. C-06-4809-JF

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Dated: December 18, 2008

THE WEISER LAW FIRM, P.C. Robert B. Weiser 121 N. Wayne Avenue, Suite 100 Wayne, PA 19087 Telephone: [phone] Facsimile: [phone] By: /s/ Robert B. Weiser Robert B. Weiser

ROBBINS UMEDA & FINK, LLP BRIAN J. ROBBINS MARC M. UMEDA STEVEN J. SIMERLEIN 610 West Ash Street, Suite 1800 San Diego, CA 92101 Telephone: [phone] Facsimile: [phone] Co-Lead Counsel for Plaintiffs Dated: December 18, 2008 DLA PIPER Shirli Fabbri Weiss, Esq. David Priebe, Esq. Roy K. McDonald, Esq. David M. Doyle, Esq. DLA Piper US LLP 401 B Street, Suite 1700 San Diego, CA 92101 Telephone: [phone] Facsimile: [phone] By: /s/ Roy K. McDonald Roy K. McDonald

Counsel for defendant Michael J. Johnson Dated: December 18, 2008 BINGHAM MCCUTCHEN LLP Charlene S. Shimada, Esq. Adrienne L. Taclas, Esq. Bingham McCutchen LLP Three Embarcadero Center San Francisco, CA 94111 Telephone: [phone] Facsimile: [phone] By: /s/ Charlene S. Shimada Charlene S. Shimada

Counsel for defendant Susan Thornton

STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CMC MASTER FILE NO. C-06-4809-JF

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Dated: December 18, 2008

KATTEN MUCHIN ROSENMAN, LLP Bruce G. Vanyo Richard H. Zelichov 2029 Century Park East, Suite 2600 Los Angeles, CA 90067 Telephone: [phone] Facsimile: [phone] By: /s/ Richard H. Zelichov Richard H. Zelichov

Counsel for defendant Robert P. Verheecke Dated: December 18, 2008 LATHAM & WATKINS, LLP Peter A. Wald, Esq. Patrick E. Gibbs, Esq. David M. Friedman, Esq. Viviann C. Stapp, Esq. 505 Montgomery Street, Suite 2000 San Francisco, CA 94111-6538 Telephone: [phone] Facsimile: [phone] By: /s/ David M. Friedman David M. Friedman

Counsel for defendant Ernst & Young LLP

-----------------[PROPOSED] ORDER Based upon the above stipulation of the Parties and for good cause appearing therefore, IT IS SO ORDERED.

1/5/09 Dated: -------------------------December , 2008

Hon. Jeremy Fogel United States District Judge

STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CMC MASTER FILE NO. C-06-4809-JF

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ATTESTATION PURSUANT TO GENERAL ORDER 45 I, Katherine L. Henderson, attest that concurrence in the filing of this document has been obtained from each of the signatories. I declare under penalty of perjury under the laws of the United States of America that the foregoing is true and correct. Executed this 18th day of December, 2008 at San Francisco, California. By: /s/ Katherine L. Henderson Katherine L. Henderson

Counsel for the Blue Coat Defendants and Nominal Defendant Blue Coat Systems, Inc.

STIPULATION AND [PROPOSED] ORDER EXTENDING DATE FOR CMC MASTER FILE NO. C-06-4809-JF

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