In re FINISAR CORP. DERIVATIVE LITIGATION

Filing 150

STIPULATION AND ORDER 139 Extending the Deadline for Filing Motions to Dismiss. Signed by Judge Ronald M. Whyte on 3/28/12. (jg, COURT STAFF) (Filed on 3/28/2012)

1 ARNOLD & PORTER LLP
SARAH A. GOOD (No. 148742)
2 [e-mail]
JEREMY T. KAMRAS (No. 237377)
3 [e-mail]
JAIME M. HULING DELAYE (No. 270784)
4 [e-mail]
Three Embarcadero Center, 7th Floor
5 San Francisco, California 94111-4024
Telephone:
+1 415.471.3100
+1 415.471.3400
6 Facsimile:
7 Attorneys for Defendants
DAVID BUSE, JOHN DRURY, MARK
8 FARLEY, STEPHEN WORKMAN and
JOSEPH YOUNG
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UNITED STATES DISTRICT COURT
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NORTHERN DISTRICT OF CALIFORNIA
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SAN JOSE DIVISION
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IN RE FINISAR CORP. DERIVATIVE
14 LITIGATION,
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This Document Relates To:
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Master File No. C-06-07660-RMW
STIPULATION AND [] ORDER
EXTENDING THE DEADLINE FOR FILING
MOTIONS TO DISMISS

ALL ACTIONS.
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Dept.: Hon. Ronald M. Whyte

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WHEREAS, on January 18, 2012 the parties engaged in a nonbinding mediation before

24 the Honorable Edward A. Infante (Ret.) (the “Mediation”) and settlement discussions remain
25 ongoing;
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WHEREAS, pursuant to the Stipulation and Order Regarding Case Management

27 Conference and Hearing Date filed on November 9, 2011 (the “November 9 Stipulation and
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STIP. & [] ORDER EXTENDING THE
DEADLINE FOR FILING MOTIONS TO DISMISS
MASTER FILE No. C-06-07660-RMW

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1 Order”), Dkt. No. 126, Plaintiffs and Defendants filed their Mediation status reports with the
2 Court on January 23, 2012 and January 25, 2012, respectively, Dkt. Nos. 131, 132;
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WHEREAS, pursuant to the February 17, 2010 Stipulation and Order Extending the

4 Deadline for Filing Motions to Dismiss, Defendants must file motions to dismiss Plaintiffs’
5 Supplemental Second Amended Consolidated Verified Shareholder Derivative Complaint
6 (“SSAC”) or other responsive pleadings by March 2, 2012;
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WHEREAS, (1) to facilitate the ongoing settlement discussions, (2) minimize litigation

8 fees and costs, including the significant expense involved in fully briefing and arguing motions
9 to dismiss; and (3) preserve judicial resources, subject to this Court’s approval, the parties agree
10 that the time for Defendants to file motions to dismiss the SSAC or other responsive pleadings
11 shall be extended until March 15, 2012; and
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WHEREAS, Defendants have not yet reserved a date for the hearing of motions to

13 dismiss and this stipulated extension thus will not affect any scheduled Court date in this case;
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THEREFORE, IT IS HEREBY STIPULATED AND AGREED by Plaintiffs, Defendants

15 and Finisar, through their respective counsel of record subject to approval of the Court as follows:
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1.

Defendants shall file and serve their motions to dismiss the SSAC no later than

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March 15, 2012.
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IT IS SO STIPULATED

20 March 2, 2012
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WILSON SONSINI GOODRICH & ROSATI,
Professional Corporation
JARED L. KOPEL
NICOLE M. HEALY

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/s/ Jared L. Kopel
JARED L. KOPEL

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650 Page Mill Road
Palo Alto, CA 94304-1050
Telephone: [phone]
Facsimile [phone]

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Counsel for Defendant Jerry S. Rawls

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STIP. & [] ORDER EXTENDING THE
DEADLINE FOR FILING MOTIONS TO DISMISS
MASTER FILE No. C-06-07660-RMW

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1 March 2, 2012
2

ROBBINS GELLER RUDMAN & DOWD LLP
SHAWN A. WILLIAMS
CHRISTOPHER M. WOOD

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/s/ Christopher M. Wood
CHRISTOPHER M. WOOD

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Post Montgomery Center
One Montgomery Street, Suite 1800
San Francisco, CA 94104
Telephone: [phone]
Facsimile: [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]
Facsimile: [phone]

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SAXENA WHITE P.A.
MAYA SAXENA
JOSEPH E. WHITE
2424 N. Federal Highway, Suite 257
Boca Raton, FL 33431
Telephone: [phone]
Facsimile: [phone]

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Co-Lead Counsel for Plaintiffs

17 March 2, 2012

DLA PIPER LLP (US)
DAVID PRIEBE

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/s/ David Priebe
DAVID PRIEBE

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2000 University Avenue
East Palo Alto, CA 94303-2214
Telephone: [phone]
Facsimile: [phone]

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DLA PIPER LLP (US)
SHIRLI FABBRI WEISS
401 B Street, Suite 1700
San Diego, California 92101-4297
Telephone: [phone]
Facsimile: [phone]

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Counsel for Nominal Defendant Finisar
Corporation

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STIP. & [] ORDER EXTENDING THE
DEADLINE FOR FILING MOTIONS TO DISMISS
MASTER FILE No. C-06-07660-RMW

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1 March 2, 2012

GOODWIN PROCTER LLP

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/s/ Lloyd Winawer
LLOYD WINAWER

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135 Commonwealth Drive
Menlo Park, CA 94025
Telephone: [phone]
Facsimile: [phone]

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STEPHEN D. POSS
Exchange Place
53 State Street
Boston, MA 02109
Telephone: [phone]
Facsimile: [phone]

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

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March 2, 2012

ARNOLD & PORTER LLP
SARAH A. GOOD
JEREMY T. KAMRAS
JAIME M. HULING DELAYE

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/s/ Sarah A. Good
SARAH A. GOOD

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Three Embarcadero Center, Seventh Floor
San Francisco, CA 94111-4024
Telephone: [phone]
Facsimile: [phone]

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Counsel for Defendants David Buse, John
Drury, Mark Farley, Stephen K. Workman and
Joseph Young

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ORDER

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PURSUANT TO STIPULATION, IT IS SO ORDERED.

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Dated: _______________________, 2012

_____________________________________
THE HONORABLE RONALD M. WHYTE
UNITED STATES DISTRICT JUDGE

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STIP. & [] ORDER EXTENDING THE
DEADLINE FOR FILING MOTIONS TO DISMISS
MASTER FILE No. C-06-07660-RMW

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