In re FINISAR CORP. DERIVATIVE LITIGATION

Filing 126

ORDER approving 125 Stipulation. Signed by Judge Whyte on 11/9/2011. (rmwlc2, COURT STAFF) (Filed on 11/9/2011)

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Lloyd Winawer (State Bar No. 157823)
[e-mail]
GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, California 94025
Telephone: [phone]
Facsimile:
650-853-1038
Stephen D. Poss (Pro Hac Vice)
[e-mail]
GOODWIN PROCTER LLP
Exchange Place
53 State Street
Boston, Massachusetts 02109
Telephone: [phone]
Facsimile:
617-523-1231
Attorneys for Defendants Michael C. Child,
Roger C. Ferguson, Frank H. Levinson,
Robert N. Stephens, and Dominique Trempont

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UNITED STATES DISTRICT COURT

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NORTHERN DISTRICT OF CALIFORNIA

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In re FINISAR CORPORATION
DERIVATIVE LITIGATION

Master File No. C-06-07660-RMW
STIPULATION AND
ORDER REGARDING CASE
MANAGEMENT CONFERENCE AND
HEARING DATE

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Courtroom: 6
Judge: The Hon. Ronald M. Whyte

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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW

WHEREAS, the Court held a Case Management Conference in this action on September 14,

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2011;

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WHEREAS, at the September 14, 2011 Case Management Conference, pursuant to the

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parties’ agreement, the Court scheduled for December 9, 2011 (1) a Further Case Management

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Conference, and (2) the hearing on motions to dismiss to be filed by the defendants;

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WHEREAS, pursuant to the Court’s September 16, 2011 Order, on October 7, 2011,

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Plaintiffs filed a letter brief in support of their request that the Court order Finisar Corporation to

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begin the production of relevant documents immediately, and defendants filed a letter brief in

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opposition to plaintiffs’ request on October 14, 2011;

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WHEREAS, given the number of individuals named as defendants and the significant

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expense involved in litigating this action, including the filing of briefs in support of and in

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opposition to motions to dismiss, and in an effort to preserve judicial resources, the undersigned

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counsel and parties (the “Parties”) have met and conferred and agreed to engage in nonbinding

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mediation before the Honorable Edward A. Infante (Ret.) (the “Mediation”);

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WHEREAS, the Parties expect that the Mediation will commence on or before January 18,

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2012, and are working diligently to prepare for the Mediation, including by exchanging relevant

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information;

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WHEREAS, for the reasons discussed above and to facilitate the Mediation, justification and

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good cause exists for (1) vacating the December 9, 2011 Further Case Management Conference and

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motion to dismiss hearing date, (2) continuing until February 17, 2012 the date by which any

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defendant must file a motion to dismiss Plaintiffs’ Supplemental Second Amended Consolidated

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Verified Shareholder Derivative Complaint (“SSAC”) or other responsive pleading, and

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(3) deferring a ruling on the parties’ letter briefs regarding the production of documents until a ruling

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is requested by any party.

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NOW THEREFORE, SUBJECT TO THE APPROVAL OF THE COURT, THE PARTIES
HEREBY STIPULATE AS FOLLOWS:
(1)

The Further Case Management Conference and motion to dismiss hearing scheduled

for December 9, 2011 are vacated;
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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW

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(2)

The date by which any defendant must file a motion to dismiss the SSAC or other

responsive pleading is continued until February 17, 2012;
(3)

The Court shall defer ruling on the parties’ letter briefs until a ruling is requested by

any party; and
(4)

The Parties will advise the Court of the status of this action within 48 hours of the

completion of the Mediation.
IT IS SO STIPULATED.
DATED: November 4, 2011

ROBBINS GELLER RUDMAN & DOWD LLP

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/s/ Christopher M. Wood
CHRISTOPHER M. WOOD

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Shawn A. Williams
Christopher M. Wood
Post Montgomery Center
One Montgomery Street, Suite 1800
San Francisco, CA 94104
Telephone: [phone]
Fax: [phone]

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ROBBINS GELLER RUDMAN & DOWD LLP
Travis E. Downs III
655 West Broadway, Suite 1900
San Diego, CA 92101
Telephone: [phone]
Fax: [phone]

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SAXENA WHITE P.A.
Maya S. Saxena
Joseph E. White
2424 N. Federal Highway, Suite 257
Boca Raton, FL 33431
Telephone: [phone]
Fax: [phone]

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Co-Lead Counsel for Plaintiffs

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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW

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DATED: November 4, 2011

DLA PIPER LLP (US)

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/s/ David Priebe
DAVID PRIEBE

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Shirli Fabbri Weiss
David Priebe
2000 University Avenue
East Palo Alto, CA 94303-2214
Telephone: [phone]
Fax: [phone]

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Attorneys for Nominal Defendant Finisar
Corporation

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DATED: November 4, 2011

WILSON SONSINI GOODRICH & ROSATI,
Professional Corporation

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/s/ Jared L. Kopel
JARED L. KOPEL

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Jared L. Kopel
Nicole Healy
650 Page Mill Road
Palo Alto, CA 94304-1050
Telephone: [phone]
Fax: [phone]

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Attorneys for Defendant Jerry S. Rawls

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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW

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DATED: November 4, 2011

GOODWIN PROCTER LLP

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/s/ Lloyd Winawer
LLOYD WINAWER

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Stephen D. Poss (pro hac vice)
Exchange Place
53 State Street
Boston, MA 02109
Telephone: [phone]
Fax: [phone]
Lloyd Winawer
135 Commonwealth Drive
Menlo Park, CA 94025
Telephone: [phone]
Fax: [phone]

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Attorneys for Defendants Michael C. Child,
Roger C. Ferguson, Frank H. Levinson, Robert
N. Stephens, and Dominique Trempont

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DATED: November 4, 2011

HOWARD RICE NEMEROVSKI CANADY
FALK & RABKIN, P.C.

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/s/ Sarah A. Good
SARAH A. GOOD

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Sarah A. Good
Three Embarcadero Center, Seventh Floor
San Francisco, CA 94111-4024
Telephone: [phone]
Fax: [phone]

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Attorneys for Defendants David Buse, John
Drury, Mark Farley, Stephen Workman, and
Joseph Young

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ORDER

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PURSUANT TO STIPULATION, IT IS SO ORDERED.
Dated: ___

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_______________________________
HONORABLE RONALD M. WHYTE
UNITED STATES DISTRICT JUDGE

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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW

ECF CERTIFICATION

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Pursuant to General Order No. 45, § X.B., the filing attorney attests that he has obtained
concurrence regarding the filing of this document from the signatories to the document.

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Dated: November 4, 2011

GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, CA 94025

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By: /s/ Lloyd Winawer
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Attorneys for Defendants
Michael C. Child, Roger C. Ferguson, Frank H.
Levinson, Robert N. Stephens, and Dominique
Trempont

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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW

CERTIFICATE OF SERVICE

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I further certify that this document filed through the ECF system will be sent electronically to

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the registered participants as identified on the Notice of Electronic Filing (NEF) and paper copies

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will be sent to those indicated as non registered participants on November 4, 2011.

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Dated: November 4, 2011

GOODWIN PROCTER LLP
135 Commonwealth Drive
Menlo Park, CA 94025

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By: /s/ Lloyd Winawer
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Attorneys for Defendants
Michael C. Child, Roger C. Ferguson, Frank H.
Levinson, Robert N. Stephens, and Dominique
Trempont

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STIPULATION AND ORDER REGARDING CMC AND
HEARING DATE

MASTER FILE NO. C-06-07660-RMW