STIPULATION AND [PROPOSED] ORDER STAYING CASE FOR MEDIATION

SAMUEL CONTI, District Judge.

WHEREAS, on October 23, 2014, Plaintiffs Special Situations Fund III QP, L.P., Special Situations Cayman Fund, L.P. and Wolverine Flagship Fund Trading Limited (collectively, "Plaintiffs") filed a complaint in the above captioned action (the "Complaint") (Dkt. 1);

WHEREAS, on December 12, 2014, Defendants H. Ravi Brar, Susie Herrmann, and Murray Jones (collectively, "Defendants") filed a motion to dismiss the Complaint (Dkt. 18), which the parties fully briefed;

WHEREAS, on March 26, 2015, this Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss (the "Order" (Dkt. 29));

WHEREAS, the Order allowed certain claims to proceed, dismissed certain claims with leave to amend, and allowed Plaintiffs 30 days to file an amended complaint;

WHEREAS, the parties have met and conferred about resolving this action extra-judicially, and are discussing scheduling a mediation;

WHEREAS, in the interest of conserving the resources of the Court and the parties, and to maximize judicial economy, the parties have agreed to stay the case for 60 days to allow the parties to attend mediation;

NOW, THEREFORE, IT IS HEREBY STIPULATED AND AGREED among the parties, through their respective counsel, as follows:

1. This action shall be stayed for 60 days, beginning upon the entry of an Order granting this stipulation, to allow the parties to attend mediation.

2. All duties and obligations in this action shall be extended 60 days from the current dates of such duties or obligations.

3. The stay shall expire 60 days after the signature date of an Order granting this stipulation.

4. Plaintiffs' deadline to file an amended complaint shall be 30 days after the expiration of the 60 day stay.

5. The deadline for Defendants' response to any amended complaint, or to the complaint currently on file, shall be mutually agreed by the parties at the end of the 60 day stay.

IT IS SO STIPULATED.

ORDER

Pursuant to the stipulation of the parties, this action is stayed for 60 days. The stay shall expire 60 days after the signature date of this Order. All duties and obligations are extended 60 days from the current dates of such duties or obligations. Plaintiffs' deadline to file an amended complaint is 30 days after the expiration of the 60 day stay. The deadline for Defendants' response to any amended complaint, or to the complaint currently on file, shall be mutually agreed by the parties at the end of the 60 day stay.

IT IS SO ORDERED.