5:06-cv-04327-JW
Document Case 111
Filed 09/28/2007
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NINA F. LOCKER, State Bar No. 123838 Email: [e-mail] STEVEN GUGGENHEIM, State Bar No. 201386 Email: [e-mail] JONI OSTLER, State Bar No. 230009 Email: [e-mail] WILSON SONSINI GOODRICH & ROSATI Professional Corporation 650 Page Mill Road Palo Alto, CA 94304-1050 Telephone: [phone] Facsimile: [phone] Attorneys for Defendants Juniper Networks, Inc., Scott Kriens, Pradeep Sindhu, Marcel Gani, Robert M. Calderoni, Kenneth Goldman, William R. Hearst III, Stratton Sclavos, Vinod Khosla, Kenneth Levy and William R. Stensrud
UNITED STATES DISTRICT COURT 12 NORTHERN DISTRICT OF CALIFORNIA 13 SAN JOSE DIVISION 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
STIP AND [PROPOSED] ORDER RE: CONSOLIDATION CASE NOS. C-06-04327 JW, C-07-03805-MJJ
In re JUNIPER NETWORKS, INC. SECURITIES LITIGATION
This Document Relates To: All Action
MARILYN VARNADO, Plaintiff, v. JUNIPER NETWORKS, INC., et al., Defendants.
) No. 5:06-cv-04327-JW ) ) ) ) STIPULATION AND [PROPOSED] ) ORDER CONSOLIDATING CASES ) FOR ALL PURPOSES ) ) ) ) ) No. 07-cv-03805-MJJ ) ) ) ) ) ) ) ) ) )
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Case 5:06-cv-04327-JW
Document 111
Filed 09/28/2007
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This Stipulation is entered into by and among Lead Plaintiff the New York City Pension Funds, plaintiff Marilyn Varnado, and defendants Juniper Networks, Inc., Scott Kriens, Pradeep Sindhu, Marcel Gani, Robert M. Calderoni, Kenneth Goldman, William R. Hearst III, Stratton Sclavos, Vinod Khosla, Kenneth Levy, and William R. Stensrud (the Juniper Defendants), by and through their respective attorneys of record. WHEREAS, by Order dated November 20, 2006, the Court ordered the consolidation of Garber v. Juniper Networks, Inc. et al., Case No. C-06-04327-JW, and Peters v. Juniper Networks, Inc. et al., Case No. C-06-05303-JW, as In re Juniper Networks, Inc. Securities Litigation, Lead Case No. C-06-04327-JW, and appointed New York City Pension Funds Lead Plaintiff and Lowey Dannenberg Bemporad Selinger & Cohen, P.C. Lead Counsel; WHEREAS, pursuant to the November 20, 2006 Order and subsequent Court orders, on April 9, 2007, the New York City Pension Funds filed an Amended Consolidated Class Action Complaint (the Class Complaint) [Dkt. No. 73] which asserts claims for violations of the federal securities law on behalf of all who purchased or otherwise acquired Juniper securities from July 12, 2001 through August 10, 2006; WHEREAS, on July 25, 2007, Marilyn Varnado filed another Class Action Complaint against Juniper Networks, Inc., Marcel Gani, William R. Hearst III, Scott Kriens, Stratton Sclavos, Pradeep Sindhu, and William R. Stensrud, in which Ms. Varnado also purports to assert claims under Sections 10(b) and 20(a) on behalf of all who purchased or otherwise acquired Junipers securities between September 1, 2003 and May 22, 2006; WHEREAS, the Class Complaint encompasses and supersedes all of the claims asserted in the Varnado complaint; WHEREAS, counsel for Juniper Defendants has met and conferred with counsel for Ms. Varnado and Lead Counsel, and the parties are in agreement that Ms. Varnados action should be consolidated into In re Juniper Networks, Inc. Securities Litigation for all purposes; and WHEREAS, Ms. Varnado does not challenge the appointment of New York City Pension Funds as Lead Plaintiff or the appointment of Lowey Dannenberg & Bemporad Selinger, P.C. as Lead Counsel;
STIP AND [PROPOSED] ORDER RE: CONSOLIDATION CASE NOS. C-06-04327 JW, C-07-03805-MJJ
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Case 5:06-cv-04327-JW
Document 111
Filed 09/28/2007
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THEREFORE, the parties stipulate, and request the Court to order, as follows: CONSOLIDATION OF RELATED CASES 1. The following actions are related cases within the meaning of Civil Local Rule 3-12: In re Juniper Networks, Inc Securities Litigation, No. C-06-04327-JW Varnado v. Juniper Networks, Inc., et al., No. C-07-03805-MJJ.
2. Pursuant to Federal Rule of Civil Procedure 42(a), Varnado v. Juniper Networks, Inc., et al., No. C-07-03805-MJJ is hereby consolidated into In re Juniper Networks, Inc. Securities Litigation, Civil Action No. C-06-04327-JW for all proceedings before this Court. 3. Lead Plaintiffs Counsel shall have authority to speak for, and enter into agreements on behalf of, plaintiffs in all matters regarding pretrial procedures, discovery, and settlement negotiations. Lead Plaintiffs Counsel shall efficiently manage the prosecution of this litigation. Lead Plaintiffs Counsel shall be responsible for coordination of all activities and appearances on behalf of plaintiffs and for dissemination of notices and orders. Lead Plaintiffs Counsel shall be responsible for communications with the Court. 4. Defendants counsel may rely upon agreements made with Lead Plaintiffs Counsel. Such agreements shall be binding on all plaintiffs. 5. Defendants are not required to respond to the Varnado complaint, which has been superseded by the Class Complaint. Respectfully submitted, Dated: September 4, 2007 WILSON SONSINI GOODRICH & ROSATI By: /s/ Joni Ostler Joni Ostler
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STIP AND [PROPOSED] ORDER RE: CONSOLIDATION CASE NOS. C-06-04327 JW, C-07-03805-MJJ
Attorneys for Defendants Juniper Networks, Inc., Scott Kriens, Pradeep Sindhu, Marcel Gani, Robert M. Calderoni, Kenneth Goldman, William R. Hearst III, Stratton Sclavos, Vinod Khosla, Kenneth Levy and William R. Stensrud
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Case 5:06-cv-04327-JW...