Free Stipulation - District Court of California - California

Case 3:08-cv-00683-CRB

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Filed 02/06/2008

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F ENWICK & W EST LLP
A TTORNEYS A T L AW S AN F RANCISCO

SUSAN S. MUCK (CSB NO. 126930) DEAN S. KRISTY (CSB NO. 157646) CATHERINE DUDEN KEVANE (CSB NO. 215501) FENWICK & WEST LLP 555 California Street, 12th Floor San Francisco, CA 94104 Telephone: (415) 875-2300 Facsimile: (415) 281-1350 [email protected] [email protected] [email protected] Attorneys for Defendants Shoretel, Inc.; John W. Combs; Michael E. Healy; Edwin J. Basart; Gary J. Daichendt; Thomas Van Overbeek; Kenneth D. Denman; Charles D. Kissner; and Edward F. Thompson UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SAN FRANCISCO DIVISION

13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WHEREAS, the above-captioned action is alleged to be class actions asserting violations of sections 11 and 12 of the Securities Act of 1933 (15 U.S.C. §§ 77k and 77l) against Defendants Shoretel, Inc., John W. Combs, Michael E. Healy, Edwin J. Basart, Gary J. Daichendt, Thomas Van Overbeek, Kenneth D. Denman, Charles D. Kissner, Edward F. Thompson, Lehman Brothers Inc., J.P. Morgan Securities Inc. and Piper Jaffray & Co. (collectively referred to as 1
STIP EXTENDING TIME FOR ALL DEFS TO RESPOND TO COMPLAINT CASE NO CV 08 0683 WHA

PHYNICE KELLEY, Individually and on Behalf of All Others Similarly Situated, Plaintiff, v. SHORETEL, INC.; JOHN W. COMBS; MICHAEL E. HEALY; EDWIN J. BASART; GARY J. DAICHENDT; THOMAS VAN OVERBEEK; KENNETH D. DENMAN; CHARLES D. KISSNER; EDWARD F. THOMPSON; LEHMAN BROTHERS, INC.; J.P. MORGAN SECURITIES, INC.; and PIPER JAFFRAY & CO., Defendants.

Case No. CV 08 0683 WHA STIPULATION EXTENDING TIME FOR ALL DEFENDANTS TO RESPOND TO COMPLAINT

Case 3:08-cv-00683-CRB

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F ENWICK & W EST LLP
A TTORNEYS A T L AW S AN F RANCISCO

"Defendants") and of section 15 of the Securities Act of 1933 (15 U.S.C. §§ 77o) against Defendants John W. Combs, Michael E. Healy, Edwin J. Basart, Gary J. Daichendt, Thomas Van Overbeek, Kenneth D. Denman, Charles D. Kissner and Edward F. Thompson; WHEREAS, the above-captioned action is subject to the requirements of the Private Securities Litigation Reform Act of 1995, Pub. L. No. 104-67, 109 Stat. 737 (1995) (the "Reform Act"), which sets forth specialized procedures for the administration of securities class actions; WHEREAS, the Reform Act provides for the appointment of a lead plaintiff to act on behalf of the purported class, and further provides that the appointment of lead plaintiff shall not be made until after a decision on a motion to consolidate is rendered (15 U.S.C. 77z1(a)(3)(B)(ii)); WHEREAS, a motion to consolidate and for appointment of a lead plaintiff and lead counsel will be filed in the above-captioned action; WHEREAS, Defendants intend to file motions to dismiss the claims asserted against them; and WHEREAS, because the special procedures specified in the Reform Act contemplate (i) the consolidation of similar actions, (ii) appointment of lead plaintiff and (iii) the filing of a single consolidated complaint by lead plaintiff and counsel to be appointed by the Court, requiring Defendants to respond to the initial complaint in the above-captioned action would serve no purpose and would result in the needless expenditure of private and judicial resources; IT IS ACCORDINGLY STIPULATED, pursuant to Northern District of California Local Rule 6-1(a), by and between the undersigned counsel for the parties in this action, that the time for each Defendant to answer, move or otherwise respond to the complaint in the above-captioned action is extended until following the appointment of a Lead Plaintiff and Lead Plaintiff's Counsel and that, thereafter, the parties shall meet and confer and submit a mutually agreeable schedule for the filing of a consolidated complaint (or designation of an operative complaint), if necessary, as well as for the briefing and hearing of responses thereto. The consolidated or operative complaint shall supersede all complaints filed in any action that is consolidated herein. 2
STIP EXTENDING TIME FOR ALL DEFS TO RESPOND TO COMPLAINT CASE NO CV 08 0683 WHA

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Case 3:08-cv-00683-CRB

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Filed 02/06/2008

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F ENWICK & W EST LLP
A TTORNEYS A T L AW S AN F RANCISCO

Dated: February 6, 2008

FENWICK & WEST LLP

By:

/s/ Catherine D. Kevane Catherine D. Kevane

Attorneys for Defendants Shoretel, Inc.; John W. Combs; Michael E. Healy; Edwin J. Basart; Gary J. Daichendt; Thomas Van Overbeek; Kenneth D. Denman; Charles D. Kissner; and Edward F. Thompson

I, Catherine D. Kevane, am the ECF User whose ID and password are being used to file this STIPULATION EXTENDING TIME FOR ALL DEFENDANTS TO RESPOND TO COMPLAINT. In compliance with General Order 45, X.B., I hereby attest that each of the two signatories identified below has concurred in this filing. Dated: February 6, 2008 SCHIFFRIN BARROWAY TOPAZ & KESSLER, LLP

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STIP EXTENDING TIME FOR ALL DEFS TO RESPOND TO COMPLAINT CASE NO CV 08 0683 WHA

By:

/s/ Alan R. Plutzik Alan R. Plutzik

Attorneys for Plaintiff Dated: February 6, 2008 BINGHAM McCUTCHEN LLP

By:

/s/ Charlene S. Shimada Charlene S. Shimada

Attorneys for Defendants Lehman Brothers Inc., J.P. Morgan Securities Inc. and Piper Jaffray & Co.