Case 3:18-cv-04865-EMC Document 326 Filed 05/24/21 Page 1 of 5
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`IN RE TESLA, INC. SECURITIES
`LITIGATION
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`UNITED STATES DISTRICT COURT
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`NORTHERN DISTRICT OF CALIFORNIA
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`Case Number: 3:18-cv-04865-EMC
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`STIPULATION AND [PROPOSED]
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`ORDER RE: CLASS NOTICE
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`IT IS HEREBY STIPULATED AND AGREED by and between the parties hereto,
`through their undersigned counsel, and subject to this Court’s approval that:
`WHEREAS, on November 25, 2020, the Court entered as an order of the Court the
`parties’ Stipulation and Order for Class Certification (Dkt. No. 298) (the “Certification Order”);
`WHEREAS, pursuant to the Certification Order, the Court certified a class consisting of
`“All individuals and entities who purchased or sold Tesla stock, options, and other securities
`from 12:48 p.m. EDT on August 7, 2018 to August 17, 2018 and were damaged thereby”1 and
`appointed Glen Littleton and Levi & Korsinsky, LLP as Class Representative and Class Counsel,
`respectively (id. at ¶¶4-7);
`WHEREAS, the Certification Order further ordered the parties to submit a Stipulation
`and Proposed Order setting forth the agreed-upon form, content, and method of providing the
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` Excluded from the Class are: Defendants; the officers and directors of Tesla, Inc. at all
`relevant times; members of their immediate families and their legal representatives, heirs,
`successors, or assigns; and any entity in which Defendants have or had a controlling interest.
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`Case 3:18-cv-04865-EMC Document 326 Filed 05/24/21 Page 2 of 5
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`notices to be disseminated to the Class pursuant to Federal Rule of Civil Procedure 23(c)(2)(B)
`(id. at ¶11);
`WHEREAS, on May 6, 2021, the parties submitted a Stipulation and Proposed Order Re:
`Class Notice (Dkt. No. 322);
`WHEREAS, on May 7, 2021, the Court scheduled a status conference for May 21, 2021,
`to discuss the parties’ Stipulation and Proposed Orer Re: Class Notice (Dkt. No. 323);
`WHEREAS, the parties appeared at the May 21, 2021, and agreed to the Court’s
`proposed revisions to the proposed methods and schedule for notifying the Class of the pendency
`of the above-captioned action as a class action (“Notice Plan”), Postcard Notice of Pendency of
`Class Action (“Postcard Notice”), Summary Notice of Pendency of Class Action (“Summary
`Notice”), and Notice of Pendency of Class Action (“Notice”);
`NOW, THEREFORE, having met and conferred, the parties have agreed to, and
`respectively submit for approval by the Court, the following:
`1. The Amended Notice Plan (attached hereto as Exhibit 1) along with revised versions
`of the Postcard Notice, Summary Notice, and Notice (attached to the Amended
`Notice Plan as Exhibits B, C, and D) meet the requirements of Rule 23 and due
`process, constitute the best notice practicable under the circumstances, and shall
`constitute due and sufficient notice to all persons and entities entitled thereto2;
`2. Specifically, the proposed form and content of the Postcard Notice, Summary Notice,
`and Notice meet the requirements of Rule 23(c)(2)(B), as they clearly and concisely
`state in plain, easily-understood language all of the following: (a) the nature of this
`Action; (b) the definition of the Court-certified Class; (c) the Class claims, issues, or
`defenses; (d) a Class member’s right to enter an appearance through his, her, or its
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` Redline versions of the Amended Notice Plan, Postcard Notice, Summary Notice, and Notice are
`attached hereto as Exhibit 2.
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`Case 3:18-cv-04865-EMC Document 326 Filed 05/24/21 Page 3 of 5
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`own attorney if the Class member so desires; (e) that the Court will exclude from the
`Class any Class member who requests exclusion; (f) the time and manner for
`requesting exclusion; and (g) the binding effect of a Class judgment on Class
`members under Rule 23(c)(3);
`3. The Court hereby approves the method for disseminating notice to the Class as set
`forth in the Amended Notice Plan and the form, substance, and requirements of the
`Postcard Notice, Summary Notice, and Notice. Accordingly, Class Representative is
`to disseminate notice to the Class using the methods set forth in the Amended Notice
`Plan with the assistance of Class Representative’s proposed Notice Administrator,
`which the Court approves;
`4. Nothing herein shall restrict Defendants’ rights in this Action, which could include
`moving to de-certify the Class, in whole or in part, or seeking the exclusion from the
`Class of certain entities or individuals at a later date.
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`COOLEY LLP
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`IT IS SO STIPULATED, through Counsel of Record.
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`Dated: May 21, 2021
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`By: s/ Patrick E. Gibbs
`Patrick E. Gibbs
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`Stephen C. Neal (170085)
`Patrick E. Gibbs (183174)
`Samantha A. Kirby (307917)
`3175 Hanover Street
`Palo Alto, CA 94304-1130
`Telephone: (650) 843-5000
`Facsimile: (650) 849-7400
`Email: nealsc@cooley.com
`pgibbs@cooley.com
`skirby@cooley.com
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`Sarah M. Lightdale (pro hac vice)
`Brian M. French (pro hac vice)
`Bingxin Wu (pro hac vice)
`55 Hudson Yards
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`Case 3:18-cv-04865-EMC Document 326 Filed 05/24/21 Page 4 of 5
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`New York, NY 10001-2157
`Telephone: (212) 479-6000
`Facsimile: (212) 479-6275
`Email: slightdale@cooley.com
`bfrench@cooley.com
`bwu@cooley.com
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`Attorneys for Defendants Tesla, Inc., Elon Musk,
`Brad W. Buss, Robyn Denholm, Ira Ehrenpreis,
`Antonio J. Gracias, James Murdoch, Kimbal
`Musk, and Linda Johnson Rice
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`LEVI & KORSINSKY, LLP
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`By: s/ Adam M. Apton
`Adam M. Apton
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`Adam M. Apton (SBN 316506)
`Adam C. McCall (SBN 302130)
`388 Market Street, Suite 1300
`San Francisco, CA 94111
`Telephone: (415) 373-1671
`Facsimile: (212) 363-7171
`Email: aapton@zlk.com
`Email: amccall@zlk.com
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`Nicholas I. Porritt (admitted pro hac vice)
`Alexander A. Krot III (admitted pro hac vice)
`1101 30th Street NW, Suite 115
`Washington, D.C. 20007
`Telephone: (202) 524-4290
`Facsimile: (212) 363-7171
`Email: nporritt@zlk.com
`Email: akrot@zlk.com
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`Joseph Levi (admitted pro hac vice)
`Eduard Korsinsky (admitted pro hac vice)
`55 Broadway, 10th Floor
`New York, New York 10006
`Tel: (212) 363-7500
`Fax: (212) 363-7171
`Email: jlevi@zlk.com
`Email: ek@zlk.com
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`Attorneys for Lead Plaintiff Glen Littleton and
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`Dated: May 21, 2021
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`Case 3:18-cv-04865-EMC Document 326 Filed 05/24/21 Page 5 of 5
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`Lead Counsel for the Class
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`Pursuant to Civil Local Rule No. 5-1(i)(3), all signatories concur in filing this Stipulation and
`Proposed Order.
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`Dated: May 21, 2021
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`LEVI & KORSINSKY, LLP
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`By: s/ Adam M. Apton
`Adam M. Apton
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`Pursuant to the Stipulation, IT IS ORDERED.
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`Dated:
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`May 24, 2021
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`HON. EDWARD M. CHEN UNITED
`STATES DISTRICT JUDGE
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