STIPULATION AND ORDER REGARDING CONTINUANCE OF JANUARY 20, 2011 HEARING AND CASE MANAGEMENT CONFERENCE

CLAUDIA WILKEN, District Judge.

WHEREAS, on August 31, 2010, this Court dismissed plaintiffs' [Corrected] Consolidated Class Action Complaint for Violations of the Federal Securities Laws in the above-captioned action, with leave to amend;

WHEREAS, on October 4, 2010, plaintiffs filed their [Corrected] First Amended Class Action Complaint for Violations of the Federal Securities Laws (the "FAC");

WHEREAS, defendants filed a motion to dismiss the FAC on October 14, 2010;

WHEREAS, plaintiffs filed their opposition to defendants' motion to dismiss on October 28, 2010;

WHEREAS, defendants filed their reply on November 4, 2010;

WHEREAS, defendants' motion was scheduled to be heard by the Court on November 18, 2010;

WHEREAS, by notice of this Court, the hearing was rescheduled to January 20, 2011;

WHEREAS, the parties are continuing settlement discussions with the assistance of the Honorable Edward Infante (Ret.);

WHEREAS, in order to facilitate settlement efforts and conserve expenses and judicial resources, the parties have met and conferred and agreed, subject to Court approval, to continue the January 20, 2011 hearing and case management conference;

WHEREAS, the parties respectfully request that the hearing and case management conference be rescheduled to February 17, 2011, or such a date thereafter which is convenient for the Court;

WHEREAS, the requested continuance is not for the purpose of delay, promotes judicial efficacy and will not prejudice any party;

THEREFORE, IT IS HEREBY STIPULATED AND AGREED, by and between the undersigned, subject to Court approval, as follows:

The January 20, 2011 hearing regarding defendants' motion to dismiss, and the January 20, 2011 case management conference shall be taken off calendar and rescheduled to February 17, 2011, or such a date thereafter which is convenient for the Court.

I, Daniel J. Pfefferbaum, am the ECF User whose ID and password are being used to file this Stipulation and [Proposed] Order Regarding Continuance of January 20, 2011 Hearing and Case Management Conference. In compliance with General Order No. 45, X.B., I hereby attest that Ignacio E. Salceda has concurred in this filing.

ORDER

PURSUANT TO STIPULATION, IT IS SO ORDERED.